Last checked at 17 Apr 2024 11:15
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: | 16 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 | 1,279,902
1,118,150 | 14.1750 GBP
14.2150 GBP | 13.7000 GBP
13.7000 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 | 3,088 5,000 573 26,753 3,974 1,589 708 814 916 10,382 550 1,230 150,000 620 3,362 7 98 188 1,254
62 2,147 17 21,272 10 50,000 160 2 40,079 5 26,438 266 27 246 740 6,722 183 63 19 12,944 15 104 235 168,335 6 14,152 936 30 160 5,644 2,885 2,399 109 1,026 2,074 2,883 262 618 7 3,061 56,696 98 188 614 318 5,225 322 1,296 1,683 2,400
6,432 593 6,202 35,081 315,000 16 1,049 15,129 4,667 814 3,048 39,517 3,619 19 2,267 2,165 26 446 1,265 85 4,759 10,714 879
62 233 166 310 41,681 2,203 13,994 29,178 1,275 176 40 1,568 107,790 9,498 67 32 53,503 1,281 31,931 928 7 300 25,000 12 3,601 3 4,160 104 126 173,595 300 731 116,776 34,936 400 51 2 67,005 2,847 466 153 1,975 8,556 11,415 16,319 1,978 22,820 5,681 523 118 14 34 446 1,092 6,936 85 8,021 13,314 566 491 585 236 10 185 317 2,797 114 162 2,720 199 88 922 224 146 536 6,173 22,559 574 507 2,898 523 356 442 1,489 5,863 542 5,440 1,820 3,394 3,568 265 632
370 10,691 193
193 | 13.7141 GBP 13.7638 GBP 13.7650 GBP 13.7657 GBP 13.8196 GBP 13.8198 GBP 13.8394 GBP 13.8708 GBP 13.8720 GBP 13.8741 GBP 13.9263 GBP 13.9583 GBP 14.0017 GBP 14.1737 GBP 327.1192 ZAR 328.6600 ZAR 330.1100 ZAR 330.4000 ZAR 331.1054 ZAR
13.7050 GBP 13.7630 GBP 13.7636 GBP 13.7639 GBP 13.7640 GBP 13.7925 GBP 13.7987 GBP 13.8211 GBP 13.8376 GBP 13.8401 GBP 13.8517 GBP 13.8540 GBP 13.8573 GBP 13.8583 GBP 13.8631 GBP 13.8656 GBP 13.8906 GBP 13.8936 GBP 13.8938 GBP 13.8940 GBP 13.8942 GBP 13.8979 GBP 13.8983 GBP 13.9005 GBP 13.9085 GBP 13.9129 GBP 13.9160 GBP 13.9383 GBP 14.0486 GBP 14.1656 GBP 325.2915 ZAR 326.1180 ZAR 326.8751 ZAR 327.0300 ZAR 327.0364 ZAR 327.8857 ZAR 328.1245 ZAR 328.4383 ZAR 328.6600 ZAR 328.6807 ZAR 329.2509 ZAR 330.1067 ZAR 330.4000 ZAR 330.5791 ZAR 331.4609 ZAR 331.4932 ZAR 331.5260 ZAR 331.5721 ZAR 331.7305 ZAR 331.9472 ZAR
13.7485 GBP 13.7633 GBP 13.7650 GBP 13.7744 GBP 13.7915 GBP 13.8099 GBP 13.8112 GBP 13.9227 GBP 13.9323 GBP 13.9326 GBP 13.9473 GBP 13.9869 GBP 13.9870 GBP 13.9871 GBP 14.0111 GBP 14.0230 GBP 14.1092 GBP 326.6702 ZAR 326.9207 ZAR 326.9482 ZAR 327.2721 ZAR 329.1038 ZAR 330.3891 ZAR
13.7050 GBP 13.7123 GBP 13.7239 GBP 13.7544 GBP 13.7652 GBP 13.7662 GBP 13.7664 GBP 13.7667 GBP 13.7793 GBP 13.7943 GBP 13.8039 GBP 13.8122 GBP 13.8139 GBP 13.8198 GBP 13.8214 GBP 13.8251 GBP 13.8255 GBP 13.8276 GBP 13.8301 GBP 13.8311 GBP 13.8335 GBP 13.8345 GBP 13.8359 GBP 13.8364 GBP 13.8651 GBP 13.8906 GBP 13.8924 GBP 13.8979 GBP 13.9011 GBP 13.9088 GBP 13.9150 GBP 13.9155 GBP 13.9192 GBP 13.9194 GBP 13.9386 GBP 13.9439 GBP 13.9589 GBP 13.9617 GBP 13.9698 GBP 14.0191 GBP 14.0500 GBP 14.0534 GBP 14.0812 GBP 14.1047 GBP 14.1068 GBP 14.1168 GBP 14.1219 GBP 14.1232 GBP 14.1337 GBP 325.1100 ZAR 325.6471 ZAR 325.9500 ZAR 326.6702 ZAR 326.7238 ZAR 326.8825 ZAR 326.9482 ZAR 327.0300 ZAR 327.0307 ZAR 327.2204 ZAR 327.4929 ZAR 327.5090 ZAR 327.5708 ZAR 327.7600 ZAR 327.8456 ZAR 327.9927 ZAR 328.1001 ZAR 328.1500 ZAR 328.1778 ZAR 328.1975 ZAR 328.2542 ZAR 328.2600 ZAR 328.2799 ZAR 328.3981 ZAR 328.5055 ZAR 328.7516 ZAR 329.1552 ZAR 329.2536 ZAR 329.3471 ZAR 329.4383 ZAR 329.5360 ZAR 330.2924 ZAR 330.5475 ZAR 330.8793 ZAR 330.9791 ZAR 331.2159 ZAR 331.3354 ZAR 331.3378 ZAR 331.3467 ZAR 332.8796 ZAR 334.0806 ZAR 334.3592 ZAR 335.7422 ZAR
13.7630 GBP 14.0043 GBP 326.8491 ZAR
326.8491 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: | 17 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.