Last checked at 12 Apr 2024 11:37
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: | 11 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
| 6,296 1,115,697
6,296 752,282 | 337.0400 ZAR 14.3400 GBP
335.1129 ZAR 14.3175 GBP | 333.2600 ZAR 14.1800 GBP
335.1129 ZAR 14.1779 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 | 146 55,375 2,227 5,525 14,597 4,662 201 317 339 14,399 106 106
50,203 552 2,023 677 2,152 161 1,222 306 728 282 985 3,808 659 5,119 1,411 106 106
3,097 489 790
8,923 610 282 6,220 107 124 11,555 61 206 665 125
519
99,741 | 14.1818 GBP 14.2697 GBP 14.2698 GBP 14.2699 GBP 14.2856 GBP 14.2871 GBP 336.2124 ZAR 336.2166 ZAR 336.2234 ZAR 336.3698 ZAR 337.0800 ZAR 337.3200 ZAR
14.1897 GBP 14.2318 GBP 14.2526 GBP 14.2718 GBP 14.2946 GBP 333.7699 ZAR 334.0000 ZAR 334.0977 ZAR 335.1011 ZAR 335.2953 ZAR 336.4660 ZAR 336.5351 ZAR 336.6637 ZAR 336.8294 ZAR 336.9302 ZAR 337.0766 ZAR 337.3166 ZAR
14.1794 GBP 14.2828 GBP 336.4153 ZAR
14.2223 GBP 14.2236 GBP 14.2237 GBP 14.2323 GBP 14.2900 GBP 14.3000 GBP 14.3020 GBP 14.3035 GBP 333.8225 ZAR 336.2937 ZAR 337.4448 ZAR
14.1779 GBP
14.2975 GBP |
(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: | 12 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.