/Equities/XLON/SMDS/RNS

Form 8.5- Smith (DS) plc

RNS Number : 2922V

Citigroup Global Markets Limited

30 January 2025

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:	29 January 2025
(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	1,959,982	GBP 6.0700	GBP 5.9550
10p ordinary	Purchase	331,696	GBP 6.0749	GBP 5.9700

(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	1,009	GBP 6.0100
10p ordinary	TRS	Increasing Short Position	621	GBP 6.0125
10p ordinary	TRS	Increasing Short Position	965	GBP 6.0150
10p ordinary	TRS	Increasing Short Position	68	GBP 6.0200
10p ordinary	TRS	Increasing Short Position	593	GBP 5.9700
10p ordinary	TRS	Increasing Short Position	580	GBP 5.9875
10p ordinary	TRS	Increasing Short Position	1,327	GBP 5.9900
10p ordinary	TRS	Increasing Short Position	81	GBP 5.9925
10p ordinary	TRS	Increasing Short Position	1,315	GBP 5.9950
10p ordinary	TRS	Increasing Short Position	563	GBP 6.0000
10p ordinary	TRS	Increasing Short Position	100,000	GBP 5.9930
10p ordinary	TRS	Reducing Long Position	100,000	GBP 5.9930
10p ordinary	TRS	Increasing Short Position	61,874	GBP 6.0308
10p ordinary	TRS	Reducing Long Position	61,874	GBP 6.0308
10p ordinary	TRS	Increasing Short Position	40	GBP 6.0408
10p ordinary	TRS	Reducing Long Position	40	GBP 6.0408
10p ordinary	TRS	Increasing Short Position	132,752	GBP 6.0749
10p ordinary	TRS	Reducing Long Position	132,752	GBP 6.0749
10p ordinary	TRS	Increasing Long Position	2,948	GBP 5.9562
10p ordinary	TRS	Reducing Short Position	2,948	GBP 5.9562
10p ordinary	TRS	Increasing Long Position	3,902	GBP 5.9658
10p ordinary	TRS	Reducing Short Position	3,902	GBP 5.9658
10p ordinary	TRS	Increasing Long Position	125,802	GBP 5.9901
10p ordinary	TRS	Reducing Short Position	125,802	GBP 5.9901
10p ordinary	TRS	Increasing Long Position	521,050	GBP 5.9932
10p ordinary	TRS	Reducing Short Position	521,050	GBP 5.9932
10p ordinary	TRS	Increasing Long Position	5,673	GBP 5.9938
10p ordinary	TRS	Reducing Short Position	5,673	GBP 5.9938
10p ordinary	TRS	Increasing Long Position	267,953	GBP 6.0064
10p ordinary	TRS	Reducing Short Position	267,953	GBP 6.0064
10p ordinary	TRS	Increasing Long Position	456,994	GBP 6.0135
10p ordinary	TRS	Reducing Short Position	456,994	GBP 6.0135
10p ordinary	TRS	Reducing Short Position	4,180	GBP 5.9982

(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:	30 January 2025
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 [email protected]. 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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END

FERFIFFALLIIVIE

RNS Number : 2922V

Citigroup Global Markets Limited

30 January 2025

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:	29 January 2025
(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

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	1,959,982	GBP 6.0700	GBP 5.9550
10p ordinary	Purchase	331,696	GBP 6.0749	GBP 5.9700

(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	1,009	GBP 6.0100
10p ordinary	TRS	Increasing Short Position	621	GBP 6.0125
10p ordinary	TRS	Increasing Short Position	965	GBP 6.0150
10p ordinary	TRS	Increasing Short Position	68	GBP 6.0200
10p ordinary	TRS	Increasing Short Position	593	GBP 5.9700
10p ordinary	TRS	Increasing Short Position	580	GBP 5.9875
10p ordinary	TRS	Increasing Short Position	1,327	GBP 5.9900
10p ordinary	TRS	Increasing Short Position	81	GBP 5.9925
10p ordinary	TRS	Increasing Short Position	1,315	GBP 5.9950
10p ordinary	TRS	Increasing Short Position	563	GBP 6.0000
10p ordinary	TRS	Increasing Short Position	100,000	GBP 5.9930
10p ordinary	TRS	Reducing Long Position	100,000	GBP 5.9930
10p ordinary	TRS	Increasing Short Position	61,874	GBP 6.0308
10p ordinary	TRS	Reducing Long Position	61,874	GBP 6.0308
10p ordinary	TRS	Increasing Short Position	40	GBP 6.0408
10p ordinary	TRS	Reducing Long Position	40	GBP 6.0408
10p ordinary	TRS	Increasing Short Position	132,752	GBP 6.0749
10p ordinary	TRS	Reducing Long Position	132,752	GBP 6.0749
10p ordinary	TRS	Increasing Long Position	2,948	GBP 5.9562
10p ordinary	TRS	Reducing Short Position	2,948	GBP 5.9562
10p ordinary	TRS	Increasing Long Position	3,902	GBP 5.9658
10p ordinary	TRS	Reducing Short Position	3,902	GBP 5.9658
10p ordinary	TRS	Increasing Long Position	125,802	GBP 5.9901
10p ordinary	TRS	Reducing Short Position	125,802	GBP 5.9901
10p ordinary	TRS	Increasing Long Position	521,050	GBP 5.9932
10p ordinary	TRS	Reducing Short Position	521,050	GBP 5.9932
10p ordinary	TRS	Increasing Long Position	5,673	GBP 5.9938
10p ordinary	TRS	Reducing Short Position	5,673	GBP 5.9938
10p ordinary	TRS	Increasing Long Position	267,953	GBP 6.0064
10p ordinary	TRS	Reducing Short Position	267,953	GBP 6.0064
10p ordinary	TRS	Increasing Long Position	456,994	GBP 6.0135
10p ordinary	TRS	Reducing Short Position	456,994	GBP 6.0135
10p ordinary	TRS	Reducing Short Position	4,180	GBP 5.9982

(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

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

If there are no such agreements, arrangements or understandings, state "none"

None

Date of disclosure:	30 January 2025
Contact name:	Craig Watson
Telephone number:	02890 409 605

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

END

FERFIFFALLIIVIE

Date	30 Jan 2025
Time	09:26:46
Category	Holding(s) in company
ID	2922V

Date	30 Jan 2025
Time	09:26:46
Category	Holding(s) in company
ID	2922V

t

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Form 8.5- Smith (DS) plc

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