Source - LSE Regulatory
RNS Number : 1567P
Citigroup Global Markets Limited
20 May 2024
 

 


Amendment:  Changes to Sections 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:

03 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

1,250,619

GBP 4.5066

GBP 3.5480

10p ordinary

Purchase

2,929,325

GBP 3.6164

GBP 3.5540

 

(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

36,285

GBP 3.6077

10p ordinary

TRS

Increasing Short Position

117,467

GBP 3.6077

10p ordinary

TRS

Reducing Long Position

449

GBP 3.5800

10p ordinary

TRS

Reducing Long Position

148

GBP 3.6000

10p ordinary

TRS

Reducing Long Position

402

GBP 3.6040

10p ordinary

TRS

Reducing Long Position

1,460

GBP 3.6160

10p ordinary

TRS

Increasing Short Position

85,592

GBP 3.5692

10p ordinary

TRS

Increasing Short Position

1,170

GBP 3.5741

10p ordinary

TRS

Increasing Short Position

1

GBP 3.5864

10p ordinary

TRS

Increasing Short Position

400,000

GBP 3.5994

10p ordinary

TRS

Increasing Short Position

60,693

GBP 3.6164

10p ordinary

TRS

Reducing Short Position

4,165

GBP 3.5798

10p ordinary

TRS

Reducing Short Position

2,773

GBP 3.5836

10p ordinary

TRS

Reducing Short Position

48,743

GBP 3.5944

10p ordinary

TRS

Reducing Short Position

83,765

GBP 3.5970

10p ordinary

TRS

Reducing Short Position

237

GBP 3.6000

 

(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:

02890 409544

 

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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