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 | SMITH (DS) PLC |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Advisor to SMITH (DS) PLC |
| (d) Date dealing undertaken: | 07 May 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" | YES - disclosed previously for INTERNATIONAL PAPER COMPANY & 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 | Purchases | 6,662,084 | 3.7160 GBP | 3.4040 GBP |
| 10p ordinary | Sales | 8,210,807 | 5.6199 GBP | 3.3900 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 |
| 10p ordinary | CFD | Reducing a short position | 500,000 | 3.4027 GBP |
| 10p ordinary | CFD | Reducing a short position | 230,802 | 3.4790 GBP |
| 10p ordinary | CFD | Reducing a short position | 11,160 | 3.4790 GBP |
| 10p ordinary | CFD | Reducing a short position | 58,038 | 3.4790 GBP |
| 10p ordinary | CFD | Reducing a short position | 111,629 | 3.5154 GBP |
| 10p ordinary | CFD | Increasing a long position | 11,236 | 3.5496 GBP |
| 10p ordinary | CFD | Increasing a long position | 11,099 | 3.5514 GBP |
| 10p ordinary | CFD | Reducing a short position | 500,000 | 3.5537 GBP |
| 10p ordinary | CFD | Opening a short position | 1,557 | 3.5583 GBP |
| 10p ordinary | CFD | Opening a short position | 1,386 | 3.5583 GBP |
| 10p ordinary | CFD | Opening a short position | 26,438 | 3.5583 GBP |
| 10p ordinary | CFD | Opening a short position | 9,838 | 3.5583 GBP |
| 10p ordinary | CFD | Reducing a short position | 250,724 | 3.5654 GBP |
| 10p ordinary | CFD | Reducing a short position | 12,124 | 3.5654 GBP |
| 10p ordinary | CFD | Reducing a short position | 63,048 | 3.5654 GBP |
| 10p ordinary | CFD | Reducing a short position | 8,160 | 3.5675 GBP |
| 10p ordinary | CFD | Reducing a short position | 3,840 | 3.5675 GBP |
| 10p ordinary | CFD | Reducing a short position | 6,058 | 3.5675 GBP |
| 10p ordinary | CFD | Reducing a short position | 33 | 3.5675 GBP |
| 10p ordinary | CFD | Reducing a short position | 23 | 3.5675 GBP |
| 10p ordinary | CFD | Reducing a short position | 12,866 | 3.5675 GBP |
| 10p ordinary | CFD | Reducing a long position | 4,574 | 3.5801 GBP |
| 10p ordinary | CFD | Reducing a long position | 508 | 3.5801 GBP |
| 10p ordinary | CFD | Reducing a long position | 545 | 3.5801 GBP |
| 10p ordinary | CFD | Reducing a long position | 677 | 3.5801 GBP |
| 10p ordinary | CFD | Increasing a short position | 1,943 | 3.5801 GBP |
| 10p ordinary | CFD | Reducing a long position | 1,497 | 3.5803 GBP |
| 10p ordinary | CFD | Reducing a long position | 388 | 3.5918 GBP |
| 10p ordinary | CFD | Reducing a long position | 669 | 3.5933 GBP |
| 10p ordinary | CFD | Reducing a long position | 3,816 | 3.5975 GBP |
| 10p ordinary | CFD | Reducing a long position | 2,375 | 3.5975 GBP |
| 10p ordinary | CFD | Reducing a long position | 761 | 3.5975 GBP |
| 10p ordinary | CFD | Reducing a long position | 527 | 3.5975 GBP |
| 10p ordinary | CFD | Increasing a short position | 5,445 | 3.5978 GBP |
| 10p ordinary | CFD | Reducing a long position | 343 | 3.5982 GBP |
| 10p ordinary | CFD | Reducing a short position | 4,079 | 3.5985 GBP |
| 10p ordinary | CFD | Reducing a short position | 239 | 3.5985 GBP |
| 10p ordinary | CFD | Reducing a short position | 6,433 | 3.5985 GBP |
| 10p ordinary | CFD | Reducing a short position | 375 | 3.5985 GBP |
| 10p ordinary | CFD | Increasing a short position | 1,318 | 3.6026 GBP |
| 10p ordinary | CFD | Reducing a short position | 2,254 | 3.6029 GBP |
| 10p ordinary | CFD | Reducing a long position | 1,675 | 3.6044 GBP |
| 10p ordinary | CFD | Opening a short position | 22,325 | 3.6044 GBP |
| 10p ordinary | CFD | Increasing a short position | 750 | 3.6044 GBP |
| 10p ordinary | CFD | Increasing a short position | 824 | 3.6054 GBP |
| 10p ordinary | CFD | Increasing a short position | 15,352 | 3.6054 GBP |
| 10p ordinary | CFD | Increasing a short position | 3,888 | 3.6054 GBP |
| 10p ordinary | CFD | Increasing a short position | 3,857 | 3.6054 GBP |
| 10p ordinary | CFD | Increasing a short position | 33,515 | 3.6054 GBP |
| 10p ordinary | CFD | Increasing a short position | 2,716 | 3.6054 GBP |
| 10p ordinary | CFD | Increasing a short position | 16,091 | 3.6054 GBP |
| 10p ordinary | CFD | Opening a short position | 3,891 | 3.6061 GBP |
| 10p ordinary | CFD | Opening a short position | 3,466 | 3.6061 GBP |
| 10p ordinary | CFD | Opening a short position | 66,094 | 3.6061 GBP |
| 10p ordinary | CFD | Opening a short position | 24,594 | 3.6061 GBP |
| 10p ordinary | CFD | Reducing a long position | 2,248 | 3.6068 GBP |
| 10p ordinary | CFD | Reducing a short position | 2,396 | 3.6071 GBP |
| 10p ordinary | CFD | Opening a long position | 3,581 | 3.6071 GBP |
| 10p ordinary | CFD | Reducing a long position | 360 | 3.6097 GBP |
| 10p ordinary | CFD | Reducing a long position | 332 | 3.6101 GBP |
| 10p ordinary | CFD | Reducing a short position | 6,668 | 3.6159 GBP |
| 10p ordinary | CFD | Reducing a short position | 68 | 3.6159 GBP |
| 10p ordinary | CFD | Reducing a long position | 2,138 | 3.6181 GBP |
| 10p ordinary | CFD | Reducing a long position | 306 | 3.6191 GBP |
| 10p ordinary | CFD | Reducing a long position | 355 | 3.6277 GBP |
| 10p ordinary | CFD | Increasing a short position | 6,410 | 3.6292 GBP |
| 10p ordinary | CFD | Increasing a short position | 45,449 | 3.6292 GBP |
| 10p ordinary | CFD | Reducing a long position | 1,443 | 3.6315 GBP |
| 10p ordinary | CFD | Reducing a long position | 1,674 | 3.6323 GBP |
| 10p ordinary | CFD | Reducing a long position | 373 | 3.6331 GBP |
| 10p ordinary | CFD | Reducing a long position | 4,039 | 3.6333 GBP |
| 10p ordinary | CFD | Reducing a long position | 740 | 3.6344 GBP |
| 10p ordinary | CFD | Reducing a long position | 2,927 | 3.6365 GBP |
| 10p ordinary | CFD | Reducing a long position | 402 | 3.6366 GBP |
| 10p ordinary | CFD | Reducing a long position | 2,780 | 3.6373 GBP |
| 10p ordinary | CFD | Reducing a long position | 402 | 3.6373 GBP |
| 10p ordinary | CFD | Increasing a short position | 22,415 | 3.6376 GBP |
| 10p ordinary | CFD | Reducing a long position | 11,984 | 3.6388 GBP |
| 10p ordinary | CFD | Reducing a long position | 2,923 | 3.6391 GBP |
| 10p ordinary | CFD | Reducing a long position | 21,390 | 3.6394 GBP |
| 10p ordinary | CFD | Reducing a long position | 31,306 | 3.6395 GBP |
| 10p ordinary | CFD | Reducing a long position | 20,229 | 3.6397 GBP |
| 10p ordinary | CFD | Reducing a long position | 158,745 | 3.6414 GBP |
| 10p ordinary | CFD | Reducing a long position | 782 | 3.6427 GBP |
| 10p ordinary | CFD | Reducing a long position | 4,949 | 3.6438 GBP |
| 10p ordinary | CFD | Reducing a long position | 8,147 | 3.6486 GBP |
| 10p ordinary | CFD | Reducing a long position | 35,937 | 3.6542 GBP |
| 10p ordinary | CFD | Opening a short position | 552,800 | 3.6595 GBP |
| 10p ordinary | CFD | Increasing a short position | 412 | 3.6603 GBP |
| 10p ordinary | CFD | Reducing a long position | 9,352 | 3.6689 GBP |
| 10p ordinary | CFD | Reducing a short position | 61,400 | 3.6693 GBP |
| 10p ordinary | CFD | Reducing a short position | 3,956 | 3.6700 GBP |
| 10p ordinary | CFD | Reducing a short position | 125,994 | 3.6731 GBP |
| 10p ordinary | CFD | Reducing a long position | 1,180 | 3.6754 GBP |
| 10p ordinary | CFD | Increasing a short position | 4,455 | 3.6854 GBP |
| 10p ordinary | CFD | Reducing a short position | 20,172 | 3.6981 GBP |
| 10p ordinary | CFD | Increasing a short position | 124,339 | 3.7085 GBP |
| 10p ordinary | CFD | Reducing a short position | 2,385 | 4.5959 USD |
(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: | 08 May 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
