Source - LSE Regulatory
RNS Number : 0538W
GoldmanSachs International
11 July 2024
 

 

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:

SMITH (DS) PLC

(d) Date dealing undertaken:

10 July 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

 

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

1,325,013
83,996

4.1840 GBP
5.3385 USD

4.1341 GBP
5.3385 USD

10p ordinary

Sales

1,989,919

4.1720 GBP

4.1354 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

Opening a short position

112

4.1349 GBP

10p ordinary

CFD

Opening a short position

298

4.1350 GBP

10p ordinary

CFD

Opening a short position

16

4.1350 GBP

10p ordinary

CFD

Opening a short position

6

4.1350 GBP

10p ordinary

CFD

Reducing a short position

274

4.1354 GBP

10p ordinary

CFD

Reducing a short position

9,341

4.1354 GBP

10p ordinary

CFD

Reducing a short position

2,864

4.1354 GBP

10p ordinary

CFD

Reducing a short position

1,154

4.1507 GBP

10p ordinary

CFD

Increasing a long position

567

4.1517 GBP

10p ordinary

CFD

Increasing a long position

1,619

4.1517 GBP

10p ordinary

CFD

Reducing a short position

247,610

4.1520 GBP

10p ordinary

CFD

Increasing a short position

11,312

4.1536 GBP

10p ordinary

CFD

Reducing a short position

986

4.1540 GBP

10p ordinary

CFD

Reducing a short position

33,530

4.1540 GBP

10p ordinary

CFD

Reducing a short position

10,282

4.1540 GBP

10p ordinary

CFD

Reducing a short position

93,633

4.1548 GBP

10p ordinary

CFD

Reducing a short position

415

4.1582 GBP

10p ordinary

CFD

Reducing a short position

36

4.1595 GBP

10p ordinary

CFD

Reducing a short position

1,465

4.1595 GBP

10p ordinary

CFD

Reducing a short position

465

4.1595 GBP

10p ordinary

CFD

Increasing a short position

17,176

4.1648 GBP

10p ordinary

CFD

Increasing a short position

83,996

5.3385 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:

11 July 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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