Last checked at 27 Mar 2024 10:59
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: | 26 March 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 |
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
| 15,718 996,969
15,718 927,689 | 334.5056 ZAR 13.9800 GBP
334.5056 ZAR 13.9750 GBP | 329.0216 ZAR 13.6000 GBP
328.4914 ZAR 13.6000 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 | 1,181 3 42 19,190 8,937 541 342 794 110 32 2,084 1,950 451 33 1,654 1,820 1,668
1 511 4,010 800 2,064 85,763 6 55 87 5,452 9,627 27
2,775 19,360 500 541 1,376 7,474
1 1,580 4,889 262 1,355 127,905 6,294 228 125 1,020 1,898 967 354 102 825 2,183
303
2,253 | 13.6759 GBP 13.8264 GBP 13.8352 GBP 13.8753 GBP 13.9398 GBP 13.9500 GBP 13.9517 GBP 13.9521 GBP 325.8100 ZAR 328.5100 ZAR 328.8142 ZAR 329.2955 ZAR 330.2000 ZAR 330.6377 ZAR 330.7231 ZAR 331.5150 ZAR 333.6754 ZAR
13.7297 GBP 13.8511 GBP 13.8598 GBP 13.9400 GBP 13.9416 GBP 13.9430 GBP 325.3500 ZAR 325.8067 ZAR 326.7998 ZAR 329.8436 ZAR 330.6508 ZAR 331.7400 ZAR
13.6638 GBP 13.7480 GBP 13.8184 GBP 13.9366 GBP 13.9445 GBP 331.3406 ZAR
13.6800 GBP 13.7329 GBP 13.7791 GBP 13.7896 GBP 13.8044 GBP 13.8758 GBP 13.8969 GBP 13.9103 GBP 326.5099 ZAR 328.7494 ZAR 329.3274 ZAR 330.3011 ZAR 330.5221 ZAR 332.5159 ZAR 333.5125 ZAR 334.5000 ZAR
333.5883 ZAR
329.5461 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: | 27 March 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.