Citigroup Global Markets Limited Form 8.5 (EPT/RI)

RNS Number : 1596N

Citigroup Global Markets Limited

21 November 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:	20 November 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	1,163,000	USD 7.2029	USD 7.1985
10p ordinary	Purchase	5,500,000	USD 7.1985	USD 7.1858
10p ordinary	Sale	1,508,849	GBP 5.7450	GBP 5.6694
10p ordinary	Purchase	1,632,642	GBP 5.7451	GBP 5.6700

 

(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	Reducing Short Position	10,157	GBP 5.6806
10p ordinary	TRS	Reducing Short Position	394,472	GBP 5.6806
10p ordinary	TRS	Reducing Short Position	10,215	GBP 5.7068
10p ordinary	TRS	Reducing Short Position	125,561	GBP 5.7068
10p ordinary	TRS	Increasing Short Position	20,291	GBP 5.7451
10p ordinary	TRS	Reducing Long Position	20,291	GBP 5.7451
10p ordinary	TRS	Increasing Short Position	215	GBP 5.7451
10p ordinary	TRS	Reducing Long Position	215	GBP 5.7451
10p ordinary	TRS	Increasing Long Position	367	GBP 5.6694
10p ordinary	TRS	Reducing Short Position	367	GBP 5.6694
10p ordinary	TRS	Increasing Long Position	9,036	GBP 5.6966
10p ordinary	TRS	Reducing Short Position	9,036	GBP 5.6966
10p ordinary	TRS	Increasing Long Position	1,554	GBP 5.6989
10p ordinary	TRS	Reducing Short Position	1,554	GBP 5.6989
10p ordinary	TRS	Increasing Long Position	22,409	GBP 5.7096
10p ordinary	TRS	Reducing Short Position	22,409	GBP 5.7096
10p ordinary	TRS	Increasing Long Position	1,392	GBP 5.7168
10p ordinary	TRS	Reducing Short Position	1,392	GBP 5.7168
10p ordinary	TRS	Increasing Long Position	278	GBP 5.7239
10p ordinary	TRS	Reducing Short Position	278	GBP 5.7239
10p ordinary	TRS	Increasing Long Position	38,746	GBP 5.7450
10p ordinary	TRS	Reducing Short Position	38,746	GBP 5.7450
10p ordinary	TRS	Increasing Short Position	860	GBP 5.7200

 

(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:	21 November 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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