Last checked at 3 Apr 2024 11:38
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: | J.P. Morgan Securities Plc |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Mondi plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Corporate broker to Smith (DS) plc |
(d) Date dealing undertaken: | 2 April 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" | Yes, Smith (DS) plc & 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 |
EUR 0.22 ordinary | Purchase
Sale
| 29 1,169,238
29 774,233 | 327.6924 ZAR 14.0800 GBP
327.6924 ZAR 14.0850 GBP | 327.6924 ZAR 13.6850 GBP
327.6924 ZAR 13.6850 GBP |
(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 |
EUR 0.22 ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 457 1,288 751 6,112 2,288 2,331 776 1,200 1,213 330,000 5,504 921 1,600 194 2 3,155 314 4 883 915 7,815
77,149 330 9,238 185 1,112 183 24 2,355 61 6,519 130 109 10,528 5 348 4,120 5,410 1,683 15 13,986 7,459 5 5 782 706 1,372 1 9,042 7 93 1,207 3,155 576 712 512 3,269 3 2,308 61 2,673 853 2,378 3,492 2,076 5,845 1,726 8,709
5,832 1,448 7 2,849 108 15,206 80 664 2,181 2,210 344 5,902 1 36,132 1,411 1,042 242 1,038 3,486 114 3,211 6 169 14
300 4,934 103,649 14,902 32,216 14,989 20 3,783 185 5,103 24 4,821 20,472 13,035 1,898 6 19,612 15 6,793 1,557 2,032 324 2,375 6,698 2,535 657 4 1,581 5,813 4,677 2,045 13,391 1 206 12 3,128 5 7 1 123 1,045 93 76 2,892 83 20,521 1,778 14
399 399
399 25,121 29 198 172 | 13.7076 GBP 13.7267 GBP 13.7457 GBP 13.7590 GBP 13.7621 GBP 13.7743 GBP 13.7809 GBP 13.7825 GBP 13.7966 GBP 13.7983 GBP 13.8068 GBP 13.8162 GBP 13.8266 GBP 324.5800 ZAR 325.2500 ZAR 325.4741 ZAR 325.6200 ZAR 325.9675 ZAR 326.7519 ZAR 326.8989 ZAR 326.9644 ZAR
13.7236 GBP 13.7248 GBP 13.7308 GBP 13.7541 GBP 13.7542 GBP 13.7562 GBP 13.7611 GBP 13.7678 GBP 13.7740 GBP 13.7795 GBP 13.7867 GBP 13.7885 GBP 13.8066 GBP 13.8086 GBP 13.8092 GBP 13.8095 GBP 13.8106 GBP 13.8120 GBP 13.8170 GBP 13.8183 GBP 13.8186 GBP 13.8236 GBP 13.8366 GBP 13.8371 GBP 13.8383 GBP 13.8450 GBP 13.9000 GBP 13.9550 GBP 14.0736 GBP 324.1300 ZAR 324.8200 ZAR 325.4741 ZAR 325.7166 ZAR 325.9164 ZAR 326.2512 ZAR 326.2601 ZAR 326.3500 ZAR 326.4658 ZAR 326.5000 ZAR 326.5238 ZAR 326.6464 ZAR 326.7403 ZAR 327.3577 ZAR 327.5723 ZAR 327.8408 ZAR 328.8517 ZAR 330.4229 ZAR
13.7185 GBP 13.7186 GBP 13.7243 GBP 13.7247 GBP 13.7849 GBP 13.7979 GBP 13.8075 GBP 13.8107 GBP 13.8110 GBP 13.8129 GBP 13.8151 GBP 13.8268 GBP 13.8442 GBP 13.8472 GBP 13.8475 GBP 13.8601 GBP 13.8671 GBP 13.8692 GBP 13.8832 GBP 14.0750 GBP 324.8676 ZAR 325.8217 ZAR 327.2281 ZAR 330.8070 ZAR
13.6983 GBP 13.7242 GBP 13.7250 GBP 13.7252 GBP 13.7264 GBP 13.7293 GBP 13.7324 GBP 13.7424 GBP 13.7541 GBP 13.7581 GBP 13.7611 GBP 13.7817 GBP 13.7897 GBP 13.8007 GBP 13.8114 GBP 13.8189 GBP 13.8212 GBP 13.8213 GBP 13.8236 GBP 13.8246 GBP 13.8255 GBP 13.8267 GBP 13.8289 GBP 13.8305 GBP 13.8403 GBP 13.8467 GBP 13.8539 GBP 13.8595 GBP 13.8636 GBP 13.8688 GBP 13.8761 GBP 13.9188 GBP 13.9300 GBP 13.9561 GBP 14.0409 GBP 324.7903 ZAR 325.7100 ZAR 325.8471 ZAR 326.3800 ZAR 326.6889 ZAR 327.1239 ZAR 327.2600 ZAR 327.3200 ZAR 327.5305 ZAR 327.7800 ZAR 328.3068 ZAR 328.8651 ZAR 330.8070 ZAR
325.7388 ZAR 328.0015 ZAR
325.7388 ZAR 326.2918 ZAR 327.9867 ZAR 328.0025 ZAR 328.0029 ZAR |
(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 |
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(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) |
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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
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(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
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| Date of disclosure: | 3 April 2024 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.