Citigroup Global Markets Limited Form 8.5 (EPT/RI)

RNS Number : 7864U

Citigroup Global Markets Limited

02 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:	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:	01 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	1,168,237	GBP 5.3202	GBP 4.1900
10p ordinary	Purchase	1,571,377	GBP 4.2300	GBP 4.1880

 

(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	11,958	GBP 4.2165
10p ordinary	TRS	Reducing Short Position	94,386	GBP 4.2094
10p ordinary	TRS	Increasing Short Position	622,073	GBP 4.1920
10p ordinary	TRS	Reducing Long Position	622,073	GBP 4.1920
10p ordinary	TRS	Increasing Short Position	18	GBP 4.1928
10p ordinary	TRS	Reducing Long Position	18	GBP 4.1928
10p ordinary	TRS	Increasing Short Position	7	GBP 4.1940
10p ordinary	TRS	Reducing Long Position	7	GBP 4.1940
10p ordinary	TRS	Increasing Short Position	56,187	GBP 4.2175
10p ordinary	TRS	Reducing Long Position	56,187	GBP 4.2175
10p ordinary	TRS	Increasing Long Position	52	GBP 4.1900
10p ordinary	TRS	Reducing Short Position	52	GBP 4.1900
10p ordinary	TRS	Increasing Long Position	65,951	GBP 4.1917
10p ordinary	TRS	Reducing Short Position	65,951	GBP 4.1917
10p ordinary	TRS	Increasing Long Position	133,891	GBP 4.1919
10p ordinary	TRS	Reducing Short Position	133,891	GBP 4.1919
10p ordinary	TRS	Increasing Long Position	785	GBP 4.1969
10p ordinary	TRS	Reducing Short Position	785	GBP 4.1969
10p ordinary	TRS	Increasing Long Position	2,164	GBP 4.1986
10p ordinary	TRS	Reducing Short Position	2,164	GBP 4.1986
10p ordinary	TRS	Increasing Long Position	37	GBP 4.1996
10p ordinary	TRS	Reducing Short Position	37	GBP 4.1996
10p ordinary	TRS	Increasing Long Position	16,380	GBP 4.2035
10p ordinary	TRS	Reducing Short Position	16,380	GBP 4.2035
10p ordinary	TRS	Increasing Long Position	59,307	GBP 4.2044
10p ordinary	TRS	Reducing Short Position	13,276	GBP 4.2066
10p ordinary	TRS	Increasing Long Position	1,104	GBP 4.2136
10p ordinary	TRS	Reducing Short Position	1,104	GBP 4.2136
10p ordinary	TRS	Increasing Long Position	20	GBP 4.1920
10p ordinary	TRS	Increasing Long Position	6	GBP 4.1980
10p ordinary	TRS	Increasing Long Position	16	GBP 4.2000
10p ordinary	TRS	Increasing Long Position	131	GBP 4.2100
10p ordinary	TRS	Increasing Long Position	461	GBP 4.2110
10p ordinary	TRS	Increasing Long Position	22	GBP 4.2140
10p ordinary	TRS	Increasing Long Position	178	GBP 4.2150
10p ordinary	TRS	Increasing Long Position	18	GBP 4.2180
10p ordinary	TRS	Increasing Short Position	2	GBP 4.1920
10p ordinary	TRS	Reducing Short Position	1,154	GBP 4.2046
10p ordinary	TRS	Reducing Short Position	59,307	GBP 4.2044
10p ordinary	TRS	Increasing Long Position	397,773	GBP 4.2062
10p ordinary	TRS	Reducing Short Position	397,773	GBP 4.2062
10p ordinary	TRS	Increasing Long Position	13,276	GBP 4.2066

 

(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:	02 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 [e-mail]. The Panels Market Surveillance Unit is available for consultation in relation to the Codes dealing disclosure requirements on [phone].

 

The Code can be viewed on the Panels website at www.thetakeoverpanel.org.uk.

 

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