Last checked at 28 Jun 2024 11:47
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: | 27 June 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 | 17,741,3655,622,452 | 4.2620 GBP5.3567 USD | 3.8700 GBP4.6561 USD |
10p ordinary | Sales | 16,949,2744,998,462 | 4.2620 GBP5.3390 USD | 3.6895 GBP4.9539 USD |
(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 | 9,310 | 3.6895 GBP |
10p ordinary | CFD | Reducing a short position | 10,429 | 3.6900 GBP |
10p ordinary | CFD | Increasing a short position | 105,465 | 3.8827 GBP |
10p ordinary | CFD | Increasing a short position | 124,789 | 3.8827 GBP |
10p ordinary | CFD | Increasing a short position | 656,261 | 3.8827 GBP |
10p ordinary | CFD | Increasing a short position | 113,485 | 3.8827 GBP |
10p ordinary | CFD | Reducing a short position | 16,000 | 3.8974 GBP |
10p ordinary | CFD | Reducing a short position | 2,000 | 3.8974 GBP |
10p ordinary | CFD | Reducing a short position | 32,000 | 3.8990 GBP |
10p ordinary | CFD | Reducing a short position | 4,000 | 3.8991 GBP |
10p ordinary | CFD | Reducing a short position | 8,000 | 3.8992 GBP |
10p ordinary | CFD | Reducing a short position | 8,000 | 3.8992 GBP |
10p ordinary | CFD | Reducing a short position | 1,000 | 3.8992 GBP |
10p ordinary | CFD | Reducing a short position | 1,000 | 3.8992 GBP |
10p ordinary | CFD | Reducing a short position | 1,529 | 3.9000 GBP |
10p ordinary | CFD | Reducing a short position | 2,259 | 3.9002 GBP |
10p ordinary | CFD | Reducing a short position | 47,198 | 3.9105 GBP |
10p ordinary | CFD | Reducing a short position | 78,664 | 3.9105 GBP |
10p ordinary | CFD | Reducing a short position | 23,421 | 3.9105 GBP |
10p ordinary | CFD | Reducing a short position | 128,257 | 3.9105 GBP |
10p ordinary | CFD | Reducing a short position | 153,506 | 3.9105 GBP |
10p ordinary | CFD | Reducing a short position | 590 | 3.9105 GBP |
10p ordinary | CFD | Reducing a short position | 16,911 | 3.9161 GBP |
10p ordinary | CFD | Reducing a short position | 23,421 | 3.9161 GBP |
10p ordinary | CFD | Reducing a short position | 78,664 | 3.9161 GBP |
10p ordinary | CFD | Reducing a short position | 128,257 | 3.9161 GBP |
10p ordinary | CFD | Reducing a short position | 153,505 | 3.9161 GBP |
10p ordinary | CFD | Reducing a short position | 30,876 | 3.9161 GBP |
10p ordinary | CFD | Reducing a short position | 32,000 | 3.9224 GBP |
10p ordinary | CFD | Reducing a short position | 4,000 | 3.9224 GBP |
10p ordinary | CFD | Opening a short position | 4,117 | 3.9348 GBP |
10p ordinary | CFD | Reducing a long position | 10,969 | 3.9348 GBP |
10p ordinary | CFD | Opening a short position | 250,000 | 3.9379 GBP |
10p ordinary | CFD | Increasing a short position | 200,303 | 4.0269 GBP |
10p ordinary | CFD | Increasing a short position | 1,965 | 4.0322 GBP |
10p ordinary | CFD | Reducing a short position | 32,000 | 4.0482 GBP |
10p ordinary | CFD | Reducing a short position | 4,000 | 4.0482 GBP |
10p ordinary | CFD | Increasing a short position | 727 | 4.0519 GBP |
10p ordinary | CFD | Opening a short position | 250,000 | 4.0834 GBP |
10p ordinary | CFD | Increasing a short position | 51,364 | 4.0868 GBP |
10p ordinary | CFD | Reducing a long position | 7,884 | 4.1264 GBP |
10p ordinary | CFD | Reducing a long position | 8,097 | 4.1264 GBP |
10p ordinary | CFD | Reducing a long position | 5,519 | 4.1264 GBP |
10p ordinary | CFD | Reducing a short position | 562 | 4.1411 GBP |
10p ordinary | CFD | Reducing a short position | 149 | 4.1411 GBP |
10p ordinary | CFD | Reducing a short position | 1,194 | 4.1411 GBP |
10p ordinary | CFD | Reducing a short position | 2,656 | 4.1411 GBP |
10p ordinary | CFD | Reducing a short position | 10,827 | 4.1411 GBP |
10p ordinary | CFD | Reducing a short position | 4,893 | 4.1411 GBP |
10p ordinary | CFD | Reducing a short position | 282 | 4.1411 GBP |
10p ordinary | CFD | Reducing a short position | 3,936 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 5,655 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 815 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 690 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 782 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 6,008 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 832 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 12,541 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 5,744 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 3,384 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 109,989 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 637 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 12,596 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 49,714 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 216 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 709 | 4.1412 GBP |
10p ordinary | CFD | Reducing a short position | 1,667 | 4.1412 GBP |
10p ordinary | CFD | Increasing a short position | 76,887 | 4.1642 GBP |
10p ordinary | CFD | Increasing a short position | 3,713 | 4.1642 GBP |
10p ordinary | CFD | Increasing a short position | 19,400 | 4.1642 GBP |
10p ordinary | CFD | Opening a short position | 280,000 | 4.1791 GBP |
10p ordinary | CFD | Increasing a long position | 7,170 | 4.1842 GBP |
10p ordinary | CFD | Opening a short position | 5,781 | 4.1910 GBP |
10p ordinary | CFD | Increasing a short position | 194,708 | 4.1949 GBP |
10p ordinary | CFD | Reducing a short position | 789,284 | 4.2011 GBP |
10p ordinary | CFD | Reducing a short position | 815 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 14,111 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 1,707 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 9,555 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 548 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 4,977 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 26,034 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 54,226 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 30,986 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 3,700 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 8,539 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 8,137 | 4.2167 GBP |
10p ordinary | CFD | Reducing a short position | 1,173 | 4.2167 GBP |
10p ordinary | CFD | Opening a short position | 14,852 | 4.2176 GBP |
10p ordinary | CFD | Opening a short position | 307,548 | 4.2176 GBP |
10p ordinary | CFD | Opening a short position | 77,600 | 4.2176 GBP |
10p ordinary | CFD | Reducing a short position | 67,196 | 4.2198 GBP |
10p ordinary | CFD | Increasing a short position | 230,661 | 4.2372 GBP |
10p ordinary | CFD | Increasing a short position | 11,139 | 4.2372 GBP |
10p ordinary | CFD | Increasing a short position | 58,200 | 4.2372 GBP |
10p ordinary | CFD | Reducing a short position | 4,128 | 4.2548 GBP |
10p ordinary | CFD | Reducing a short position | 23,595 | 4.2548 GBP |
10p ordinary | CFD | Reducing a short position | 4,435 | 4.2548 GBP |
10p ordinary | CFD | Reducing a short position | 2,090 | 4.2548 GBP |
10p ordinary | CFD | Reducing a short position | 1,244 | 4.2548 GBP |
10p ordinary | CFD | Reducing a short position | 418 | 4.2548 GBP |
10p ordinary | CFD | Reducing a short position | 75 | 4.2548 GBP |
10p ordinary | CFD | Opening a long position | 2,926 | 4.2551 GBP |
10p ordinary | CFD | Reducing a short position | 4,844 | 4.2551 GBP |
10p ordinary | CFD | Increasing a long position | 1,017 | 4.2617 GBP |
10p ordinary | CFD | Increasing a long position | 2,512 | 4.2617 GBP |
10p ordinary | CFD | Increasing a short position | 46,700 | 4.6561 USD |
10p ordinary | CFD | Increasing a short position | 1,019,298 | 4.9406 USD |
10p ordinary | CFD | Increasing a short position | 180,000 | 5.0087 USD |
10p ordinary | CFD | Increasing a short position | 70,000 | 5.0087 USD |
10p ordinary | CFD | Increasing a short position | 250,000 | 5.0292 USD |
10p ordinary | CFD | Increasing a short position | 41,998 | 5.1658 USD |
10p ordinary | CFD | Opening a short position | 77,478 | 5.1843 USD |
10p ordinary | CFD | Reducing a long position | 422,522 | 5.1843 USD |
10p ordinary | CFD | Increasing a short position | 180,000 | 5.2213 USD |
10p ordinary | CFD | Increasing a short position | 70,000 | 5.2213 USD |
10p ordinary | CFD | Increasing a short position | 125,994 | 5.2311 USD |
10p ordinary | CFD | Reducing a short position | 184,922 | 5.2606 USD |
10p ordinary | CFD | Increasing a short position | 300,000 | 5.2756 USD |
10p ordinary | CFD | Reducing a short position | 165,386 | 5.3002 USD |
10p ordinary | CFD | Reducing a short position | 493,154 | 5.3389 USD |
10p ordinary | CFD | Opening a long position | 180 | 5.3513 USD |
10p ordinary | CFD | Opening a long position | 661,358 | 5.3513 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: | 28 June 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.