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: | (GS) GOLDMAN SACHS INTERNATIONAL |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | INTERNATIONAL DISTRIBUTIONS SERVICES PLC |
| (c) Name of the party to the offer with which exempt principal trader is connected: | INTERNATIONAL DISTRIBUTIONS SERVICES PLC |
| (d) Date dealing undertaken: | 17 April 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 the offer? If it is a cash offer or possible cash offer, state "N/A" | N/A |
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 |
| 1p ordinary | Purchases | 2,682,359 | 2.7600 GBP | 2.1300 GBP |
| 1p ordinary | Sales | 2,414,337 | 2.7600 GBP | 2.1298 GBP |
(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 |
| 1p ordinary | CFD | Reducing a short position | 438 | 2.1298 GBP |
| 1p ordinary | CFD | Increasing a long position | 884 | 2.1317 GBP |
| 1p ordinary | CFD | Increasing a long position | 3,126 | 2.1317 GBP |
| 1p ordinary | CFD | Increasing a short position | 380 | 2.1540 GBP |
| 1p ordinary | CFD | Reducing a long position | 473 | 2.1598 GBP |
| 1p ordinary | CFD | Reducing a long position | 1,737 | 2.1598 GBP |
| 1p ordinary | CFD | Increasing a short position | 6,100 | 2.4438 GBP |
| 1p ordinary | CFD | Increasing a short position | 6,896 | 2.5209 GBP |
| 1p ordinary | CFD | Reducing a long position | 199 | 2.5404 GBP |
| 1p ordinary | CFD | Reducing a long position | 863 | 2.5404 GBP |
| 1p ordinary | CFD | Opening a long position | 4,060 | 2.5411 GBP |
| 1p ordinary | CFD | Increasing a long position | 101 | 2.5425 GBP |
| 1p ordinary | CFD | Increasing a long position | 1,164 | 2.5425 GBP |
| 1p ordinary | CFD | Increasing a long position | 103 | 2.5487 GBP |
| 1p ordinary | CFD | Increasing a long position | 1,163 | 2.5487 GBP |
| 1p ordinary | CFD | Reducing a short position | 61 | 2.5491 GBP |
| 1p ordinary | CFD | Reducing a short position | 708 | 2.5491 GBP |
| 1p ordinary | CFD | Reducing a short position | 1,263 | 2.5534 GBP |
| 1p ordinary | CFD | Reducing a short position | 14,442 | 2.5534 GBP |
| 1p ordinary | CFD | Reducing a long position | 11,137 | 2.5548 GBP |
| 1p ordinary | CFD | Reducing a long position | 2,268 | 2.5548 GBP |
| 1p ordinary | CFD | Opening a long position | 1,000 | 2.5559 GBP |
| 1p ordinary | CFD | Reducing a short position | 5,900 | 2.5576 GBP |
| 1p ordinary | CFD | Increasing a short position | 25,635 | 2.5627 GBP |
| 1p ordinary | CFD | Increasing a long position | 24,345 | 2.5642 GBP |
| 1p ordinary | CFD | Reducing a short position | 21 | 2.5664 GBP |
| 1p ordinary | CFD | Reducing a short position | 236 | 2.5664 GBP |
| 1p ordinary | CFD | Reducing a short position | 20 | 2.5680 GBP |
| 1p ordinary | CFD | Reducing a short position | 240 | 2.5680 GBP |
| 1p ordinary | CFD | Opening a long position | 130,415 | 2.5683 GBP |
| 1p ordinary | CFD | Reducing a short position | 102,677 | 2.5683 GBP |
| 1p ordinary | CFD | Opening a long position | 11,336 | 2.5683 GBP |
| 1p ordinary | CFD | Reducing a short position | 8,986 | 2.5683 GBP |
| 1p ordinary | CFD | Increasing a long position | 9,412 | 2.5754 GBP |
| 1p ordinary | CFD | Increasing a long position | 824 | 2.5754 GBP |
| 1p ordinary | CFD | Reducing a short position | 199 | 2.5809 GBP |
| 1p ordinary | CFD | Reducing a short position | 2,268 | 2.5809 GBP |
| 1p ordinary | CFD | Increasing a long position | 102 | 2.5937 GBP |
| 1p ordinary | CFD | Increasing a long position | 1,165 | 2.5937 GBP |
| 1p ordinary | CFD | Increasing a short position | 49,716 | 2.6152 GBP |
| 1p ordinary | CFD | Opening a short position | 915,000 | 2.6533 GBP |
| 1p ordinary | CFD | Reducing a long position | 1,462 | 2.7129 GBP |
| 1p ordinary | CFD | Reducing a long position | 487 | 2.7129 GBP |
| 1p ordinary | CFD | Increasing a long position | 13,036 | 2.7599 GBP |
| 1p ordinary | CFD | Reducing a short position | 10,752 | 2.7600 GBP |
| 1p ordinary | CFD | Opening a long position | 405,313 | 2.7600 GBP |
| 1p ordinary | CFD | Increasing a short position | 3,634 | 2.7603 GBP |
(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: | 18 April 2024 |
Contact name: | Papa Lette and Andrzej Szyszka |
Telephone number: | +33(1) 4212 1459 / +48(22) 317 4817 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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