Goldman Sachs International has filed a Form 38.5(a) disclosure with the Irish Takeover Panel, revealing share and derivatives dealings in Permanent TSB Group Holdings plc (PTSB) conducted on 11 November 2026. The disclosure was made in Goldman Sachs International's capacity as a connected exempt principal trader with recognised intermediary status, acting in a client-serving capacity. Goldman Sachs International is identified in the filing as adviser to the offeree, Permanent TSB Group Holdings plc, making the disclosure a mandatory regulatory requirement under the Irish Takeover Panel Act, 1997, Takeover Rules, 2013. Investors monitoring the ongoing takeover situation surrounding PTSB will note the breadth of activity across both outright share transactions and contracts for difference.

Key Points

  • Goldman Sachs International, acting as adviser to offeree Permanent TSB Group Holdings plc (PTSB)
  • Goldman Sachs International acquired 139,260 PTSB ordinary shares and disposed of 231,120 shares on 11 November 2026
  • Share purchases ranged between EUR 2.9400 and EUR 2.9600; disposals ranged between EUR 2.9385 and EUR 2.9500
  • Investors should watch for further Rule 38.5(a) disclosures as the takeover situation progresses

Goldman Sachs International's Share Purchases and Disposals in Permanent TSB EUR 0.01 Ordinary Shares

The filing records that Goldman Sachs International acquired a total of 139,260 EUR 0.01 ordinary shares in Permanent TSB Group Holdings plc on 11 November 2026, at prices ranging from a low of EUR 2.9400 to a high of EUR 2.9600 per share. On the disposal side, 231,120 shares were sold, with prices received ranging between EUR 2.9385 and EUR 2.9500 per share. The net position across outright share transactions therefore showed more securities disposed of than acquired on the day, though the filing does not provide commentary on the rationale behind this activity beyond the regulatory disclosure requirements.

CFD Derivatives Activity Including Short Position Closures and Adjustments Across Multiple Transactions

Beyond outright share dealings, the announcement details a range of contracts for difference transactions executed on the same date. The most significant single derivatives transaction was the closing of a short position involving 135,000 securities at EUR 2.9385 per unit. Additional activity included multiple reductions of short positions across separate line items totalling 72,178 securities at prices between EUR 2.9450 and EUR 2.9513, two separate increases to short positions involving 499 and 5,996 securities respectively, and two reductions of long CFD positions covering 6,173 and 33 securities. No options transactions were reported in sections covering writing, selling, purchasing, varying, or exercising.

Goldman Sachs International's Role as Adviser to Offeree Permanent TSB Group Holdings

The Form 38.5(a) filing confirms that Goldman Sachs International's connection to Permanent TSB Group Holdings plc is that of adviser to the offeree, triggering the obligation to disclose dealings under the Irish Takeover Panel's transparency rules. The disclosure states that there are no agreements, arrangements, or understandings relating to voting rights or future acquisition or disposal of relevant securities in connection with the derivatives referenced. Contact details provided in the filing are Papa Lette and Andrzej Szyszka, reachable via telephone numbers listed for Paris and Warsaw offices respectively. The disclosure date is recorded as 12 November 2026.