RNS Number : 5018V
Citigroup Global Markets Limited
08 July 2024
 

Amendment to section 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 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 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

581,401

GBP 4.2880

GBP 4.2420

10p ordinary

Purchase

1,656,629

GBP 5.4356

GBP 4.2340

 

(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

13,868

GBP 5.4356

10p ordinary

TRS

Reducing Long Position

32

GBP 4.2420

10p ordinary

TRS

Reducing Long Position

1,672

GBP 4.2520

10p ordinary

TRS

Reducing Long Position

18

GBP 4.2540

10p ordinary

TRS

Reducing Long Position

18

GBP 4.2660

10p ordinary

TRS

Reducing Long Position

15

GBP 4.2800

10p ordinary

TRS

Reducing Long Position

5

GBP 4.2840

10p ordinary

TRS

Increasing Short Position

46,422

GBP 4.2403

10p ordinary

TRS

Increasing Short Position

13

GBP 4.2431

10p ordinary

TRS

Increasing Short Position

7

GBP 4.2435

10p ordinary

TRS

Increasing Short Position

644

GBP 4.2444

10p ordinary

TRS

Increasing Short Position

11

GBP 4.2464

10p ordinary

TRS

Increasing Short Position

75,963

GBP 4.2587

10p ordinary

TRS

Increasing Short Position

2,424

GBP 4.2604

10p ordinary

TRS

Increasing Short Position

16,063

GBP 4.2656

10p ordinary

TRS

Reducing Short Position

7,991

GBP 4.2425

10p ordinary

TRS

Reducing Short Position

42,009

GBP 4.2425

10p ordinary

TRS

Reducing Short Position

93

GBP 4.2459

10p ordinary

TRS

Reducing Short Position

1,944

GBP 4.2467

10p ordinary

TRS

Reducing Short Position

8,114

GBP 4.2552

10p ordinary

TRS

Reducing Short Position

24,946

GBP 4.2596

10p ordinary

TRS

Reducing Short Position

20,329

GBP 4.2599

10p ordinary

TRS

Reducing Short Position

264,985

GBP 4.2600

10p ordinary

TRS

Reducing Short Position

4,855

GBP 4.2685

10p ordinary

TRS

Reducing Short Position

81,442

GBP 4.2729

10p ordinary

TRS

Reducing Short Position

6,679

GBP 4.2738

10p ordinary

TRS

Reducing Short Position

1,519

GBP 4.2798

10p ordinary

TRS

Reducing Short Position

2,310

GBP 4.2806

10p ordinary

TRS

Increasing Short Position

46

GBP 4.2540

10p ordinary

TRS

Increasing Short Position

53

GBP 4.2680

10p ordinary

TRS

Increasing Short Position

38

GBP 4.2740

10p ordinary

TRS

Increasing Short Position

96

GBP 4.2880

 

(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 July 2024

Contact name:

Craig Watson

Telephone number:

02890 409 605

 

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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