Source - LSE Regulatory
RNS Number : 1246E
Citigroup Global Markets Limited
22 February 2024
 

 

AVS:

Amendment 2 (a) (b)

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH

RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1. KEY INFORMATION

(a) Name of exempt principal trader:

Citigroup Global Markets Limited

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

 Use a separate form for each offeror/offeree

Smith (DS) plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Smith (DS) plc

(d) Date dealing undertaken:

20 February 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

 If it is a cash offer or possible cash offer, state "N/A"

Mondi plc

 

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a) Purchases and sales

 

Class of relevant security

Purchases/ sales

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10p ordinary

Sale

873,220

GBP 3.2685

GBP 3.2380

10p ordinary

Purchase

848,287

GBP 3.2710

GBP 3.2400

 

(b) Cash-settled derivative transactions

 

Class of relevant security

Product description

 e.g. CFD

Nature of dealing

 e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

10p ordinary

TRS

Increasing Short Position

16,294

GBP 3.2616

10p ordinary

TRS

Reducing Short Position

305,234

GBP 3.2526

10p ordinary

TRS

Reducing Short Position

138,668

GBP 3.2638

10p ordinary

TRS

Increasing Short Position

247

GBP 3.2510

10p ordinary

TRS

Increasing Short Position

4,992

GBP 3.2511

10p ordinary

TRS

Increasing Short Position

4,008

GBP 3.2588

10p ordinary

TRS

Increasing Short Position

4,185

GBP 3.2688

10p ordinary

TRS

Increasing Short Position

5,827

GBP 3.2701

10p ordinary

TRS

Reducing Short Position

3,692

GBP 3.2443

10p ordinary

TRS

Reducing Short Position

10,793

GBP 3.2450

10p ordinary

TRS

Reducing Short Position

1,511

GBP 3.2515

10p ordinary

TRS

Increasing Short Position

13,258

GBP 3.2420

10p ordinary

TRS

Increasing Short Position

24,580

GBP 3.2428

10p ordinary

TRS

Increasing Short Position

32

GBP 3.2443

10p ordinary

TRS

Increasing Short Position

10,969

GBP 3.2489

10p ordinary

TRS

Increasing Short Position

29,772

GBP 3.2544

10p ordinary

TRS

Increasing Short Position

48,337

GBP 3.2566

10p ordinary

TRS

Increasing Short Position

20,791

GBP 3.2614

10p ordinary

TRS

Increasing Short Position

44,357

GBP 3.2628

10p ordinary

TRS

Reducing Short Position

203

GBP 3.2411

10p ordinary

TRS

Reducing Short Position

26,418

GBP 3.2417

10p ordinary

TRS

Reducing Short Position

209,330

GBP 3.2484

10p ordinary

TRS

Reducing Short Position

2,548

GBP 3.2610

10p ordinary

TRS

Reducing Short Position

693

GBP 3.2622

10p ordinary

TRS

Increasing Short Position

153,084

GBP 3.2680

10p ordinary

TRS

Increasing Short Position

153,084

GBP 3.2710

10p ordinary

TRS

Reducing Short Position

2,264

GBP 3.2420

10p ordinary

TRS

Reducing Short Position

21,276

GBP 3.2641

10p ordinary

TRS

Increasing Long Position

242,681

GBP 3.2642

 

(c) Stock-settled derivative transactions (including options)

 

(i) Writing, selling, purchasing or varying

 

Class of relevant security

Product description

 e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

 e.g. American, European etc.

Expiry date

Option money paid/ received per unit









 

(ii) Exercise

 

Class of relevant security

Product description

 e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit






 

(d) Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

 e.g. subscription, conversion

Details

Price per unit (if applicable)





 

3. OTHER INFORMATION

 

(a) Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

 Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

 

(b) Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
 (i) the voting rights of any relevant securities under any option; or
 (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

 If there are no such agreements, arrangements or understandings, state "none"

None

 

Date of disclosure:                            

22 February 2024

Contact name:

Christopher Alexander Pollock

Telephone number:

02895 954 053

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panels Market Surveillance Unit is available for consultation in relation to the Codes dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.

 

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