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22 Mar 2024 10:55
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: | 21 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 | 1,831,772
974,371 | 13.6832 GBP
13.7050 GBP | 13.5422 GBP
13.3850 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
| 263 32,499 125 25 567 28,801 146 7 289 1,837 267 346,632 1,148 664 61 4,955 95 3,642 9,819 20,830 85,442 7 88 348 80,030 407 1,421 110,707 6,281 8,066 195,487 10,931 19,996 30 30,552 132 86,405 32,177 934 11 1,200 29,296 58 29,871 28,047 4,874 30,106 10 21,372 390 67,290
1,344 19,617 110 100 565 122 40
3,093 4,466 83,700 715 54,000 200 33,750 45,105 389 162,000 44,843 61 1,600 5,154 7,396 1,421 12,849 7,431 6,272 11,674 180,587
79 246 1,450 8,375 5,797 16 700 217,537 695 5,584 4,475 4,339 3,338 486 | 13.5528 GBP 13.5582 GBP 13.5702 GBP 13.5717 GBP 13.5885 GBP 13.5935 GBP 13.5999 GBP 13.6014 GBP 13.6020 GBP 13.6024 GBP 13.6114 GBP 13.6132 GBP 13.6133 GBP 13.6163 GBP 13.6175 GBP 13.6193 GBP 13.6214 GBP 13.6247 GBP 13.6290 GBP 13.6309 GBP 13.6313 GBP 13.6329 GBP 13.6334 GBP 13.6339 GBP 13.6340 GBP 13.6353 GBP 13.6361 GBP 13.6370 GBP 13.6372 GBP 13.6380 GBP 13.6389 GBP 13.6401 GBP 13.6413 GBP 13.6414 GBP 13.6420 GBP 13.6448 GBP 13.6449 GBP 13.6453 GBP 13.6457 GBP 13.6458 GBP 13.6464 GBP 13.6488 GBP 13.6492 GBP 13.6504 GBP 13.6526 GBP 13.6559 GBP 13.6612 GBP 13.6652 GBP 13.6653 GBP 13.6667 GBP 13.6682 GBP
13.3850 GBP 13.5737 GBP 13.5838 GBP 13.6200 GBP 13.6212 GBP 13.6325 GBP 13.6343 GBP
13.5733 GBP 13.5837 GBP 13.5872 GBP 13.5913 GBP 13.5932 GBP 13.5936 GBP 13.6032 GBP 13.6059 GBP 13.6088 GBP 13.6150 GBP 13.6167 GBP 13.6175 GBP 13.6179 GBP 13.6190 GBP 13.6258 GBP 13.6361 GBP 13.6392 GBP 13.6532 GBP 13.6636 GBP 13.6648 GBP 13.6650 GBP
13.5751 GBP 13.6029 GBP 13.6086 GBP 13.6120 GBP 13.6150 GBP 13.6190 GBP 13.6193 GBP 13.6320 GBP 13.6331 GBP 13.6368 GBP 13.6468 GBP 13.6547 GBP 13.6612 GBP 13.6650 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: | 22 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.
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