Last checked at 12 Apr 2024 07:00
AMENDMENT
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: | 5 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 | 1,187,334
785,756 | 14.1850 GBP
14.1725 GBP | 13.9200 GBP
13.9219 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 | 64,078 474 2,477 2,067 1,228 1,454 80 819 1,162 1,731
7,611 22,298 1,261 18,407 14 3,124 7,530 591 2,312 103 259 80 138 351 35 192
750 2,477 7,642 995
1 105,541 413 895 105,537 22,114 188 346 45 22 204 190
150,000 371 424 77 67 71 70 170 23 42 31 1,346
1,346 424 371 77 23 31 42 170 71 67 70 | 13.9653 GBP 13.9834 GBP 13.9850 GBP 327.6090 ZAR 328.4099 ZAR 328.4562 ZAR 328.4700 ZAR 328.7096 ZAR 329.3996 ZAR 329.4711 ZAR
13.9726 GBP 13.9728 GBP 13.9771 GBP 13.9840 GBP 13.9850 GBP 13.9882 GBP 13.9912 GBP 13.9941 GBP 13.9944 GBP 327.7410 ZAR 328.3031 ZAR 328.4667 ZAR 328.5444 ZAR 328.6167 ZAR 328.8200 ZAR 329.2455 ZAR
13.9833 GBP 13.9850 GBP 328.5864 ZAR 329.0746 ZAR
13.9857 GBP 13.9868 GBP 13.9889 GBP 13.9890 GBP 13.9970 GBP 14.0365 GBP 328.3150 ZAR 328.5264 ZAR 328.9800 ZAR 329.1000 ZAR 329.4537 ZAR 330.7469 ZAR
13.9789 GBP 328.0373 ZAR 328.0377 ZAR 328.0416 ZAR 328.0611 ZAR 328.0618 ZAR 328.0622 ZAR 328.0623 ZAR 328.0630 ZAR 328.0649 ZAR 328.0653 ZAR 329.7830 ZAR
328.0465 ZAR 329.6935 ZAR 329.6966 ZAR 329.7311 ZAR 329.9108 ZAR 329.9301 ZAR 329.9371 ZAR 329.9404 ZAR 329.9415 ZAR 329.9427 ZAR 329.9453 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: | 11 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.