Last checked at 2 Apr 2024 18:09
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: | 28 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 & 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 | 1,212,727
1,085,399 | 14.0614 GBP
14.0500 GBP | 13.8770 GBP
13.8650 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 | 685 40,000 3,314 280,000 67,048 449 114 31,871 5,211 1,281 1 626 2,127 4,840 451 625 100 3,055 2,997 2,930
29,929 182 3,490 686 1 93 2,348 2,088 311 100 12,185
163 22 1,418 78 5,516 130 3,105
20 1,793 43,739 8,405 2 2,545 73 6,076 1,301 74 8,584 399 344 1,128 43 569 966 | 13.8855 GBP 13.9091 GBP 13.9241 GBP 13.9262 GBP 13.9505 GBP 13.9506 GBP 13.9556 GBP 13.9560 GBP 13.9666 GBP 13.9767 GBP 13.9814 GBP 13.9871 GBP 333.3280 ZAR 333.4677 ZAR 333.7441 ZAR 334.6685 ZAR 334.6700 ZAR 335.0725 ZAR 335.9866 ZAR 336.0392 ZAR
13.9461 GBP 13.9540 GBP 13.9560 GBP 13.9717 GBP 13.9800 GBP 329.6600 ZAR 333.0427 ZAR 333.9032 ZAR 333.9579 ZAR 334.6667 ZAR 335.1487 ZAR
13.9362 GBP 13.9375 GBP 13.9526 GBP 13.9533 GBP 13.9548 GBP 13.9736 GBP 335.3555 ZAR
13.8770 GBP 13.9422 GBP 13.9546 GBP 13.9577 GBP 13.9590 GBP 13.9593 GBP 13.9598 GBP 13.9599 GBP 13.9752 GBP 13.9954 GBP 13.9969 GBP 334.1542 ZAR 334.4940 ZAR 334.9564 ZAR 335.2400 ZAR 335.9699 ZAR 336.1549 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: | 2 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.