Source - LSE Regulatory
RNS Number : 1569P
Citigroup Global Markets Limited
20 May 2024
 

 

AVS: 098579

Amendment 2: Changes to Section 2(a) and (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:

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 this offer?

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

International Paper Company

 

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

4,378,670

GBP 4.5504

GBP 3.4160

10p ordinary

Purchase

5,205,202

GBP 4.6638

GBP 3.4148

 

(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

Reducing Short Position

10,000

GBP 4.6638

10p ordinary

TRS

Reducing Short Position

225,000

GBP 4.5504

10p ordinary

TRS

Reducing Long Position

1,440

GBP 3.5800

10p ordinary

TRS

Reducing Long Position

235

GBP 3.5940

10p ordinary

TRS

Reducing Long Position

199

GBP 3.6120

10p ordinary

TRS

Reducing Long Position

199

GBP 3.6140

10p ordinary

TRS

Reducing Long Position

162

GBP 3.6440

10p ordinary

TRS

Reducing Long Position

186

GBP 3.6460

10p ordinary

TRS

Reducing Long Position

190

GBP 3.6520

10p ordinary

TRS

Reducing Long Position

376

GBP 3.6560

10p ordinary

TRS

Reducing Long Position

221

GBP 3.7040

10p ordinary

TRS

Reducing Long Position

437

GBP 3.7060

10p ordinary

TRS

Reducing Long Position

211

GBP 3.7120

10p ordinary

TRS

Increasing Long Position

35

GBP 3.6140

10p ordinary

TRS

Increasing Long Position

100

GBP 3.6160

10p ordinary

TRS

Increasing Long Position

429

GBP 3.6600

10p ordinary

TRS

Increasing Long Position

106

GBP 3.7020

10p ordinary

TRS

Increasing Short Position

11,894

GBP 3.4148

10p ordinary

TRS

Increasing Short Position

39,955

GBP 3.5539

10p ordinary

TRS

Increasing Short Position

426,354

GBP 3.6098

10p ordinary

TRS

Increasing Short Position

212,662

GBP 3.6134

10p ordinary

TRS

Increasing Short Position

121,142

GBP 3.6251

10p ordinary

TRS

Increasing Short Position

349,217

GBP 3.6276

10p ordinary

TRS

Increasing Short Position

141,080

GBP 3.6289

10p ordinary

TRS

Increasing Short Position

1,115

GBP 3.6436

10p ordinary

TRS

Increasing Short Position

3,478

GBP 3.6441

10p ordinary

TRS

Increasing Short Position

12,430

GBP 3.6615

10p ordinary

TRS

Increasing Short Position

857

GBP 3.6765

10p ordinary

TRS

Increasing Short Position

1,330

GBP 3.6777

10p ordinary

TRS

Reducing Short Position

160,548

GBP 3.4160

10p ordinary

TRS

Reducing Short Position

47,008

GBP 3.4218

10p ordinary

TRS

Reducing Short Position

281,090

GBP 3.5355

10p ordinary

TRS

Reducing Short Position

2,697

GBP 3.5691

10p ordinary

TRS

Reducing Short Position

10

GBP 3.5796

10p ordinary

TRS

Reducing Short Position

10,000

GBP 3.5800

10p ordinary

TRS

Reducing Short Position

47,448

GBP 3.5871

10p ordinary

TRS

Reducing Short Position

706,801

GBP 3.5883

10p ordinary

TRS

Reducing Short Position

47,181

GBP 3.6042

10p ordinary

TRS

Reducing Short Position

834,077

GBP 3.6090

10p ordinary

TRS

Reducing Short Position

157

GBP 3.6536

10p ordinary

TRS

Increasing Short Position

272,749

GBP 3.6010

10p ordinary

TRS

Increasing Short Position

44

GBP 3.5800

10p ordinary

TRS

Reducing Long Position

532,103

GBP 3.6377

10p ordinary

TRS

Reducing Long Position

383,669

GBP 3.6385

10p ordinary

TRS

Reducing Long Position

435,730

GBP 3.6559

10p ordinary

TRS

Reducing Long Position

26,069

GBP 3.6593

10p ordinary

TRS

Increasing Short Position

23,629

GBP 3.6607

 

(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:                            

20 May 2024

Contact name:

Cathal McKenna

Telephone number:

02890409544

 

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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