Last checked at 28 Mar 2024 11:21
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: | 27 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
| 3,156,924 68,771
3,555,013 68,771 | 14.2850 GBP 339.4193 ZAR
14.2472 GBP 339.4193 ZAR | 13.9050 GBP 339.4193 ZAR
13.9050 GBP 339.4193 ZAR |
(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 | 4,611 153 2,249 79,815 68,000 2,349 62,770 1 3,440 9,203 2,356 813 3,720 2,448 2,851 732
735 359 146 18 84,072 237 7,940 501 983 49,972 157,251 50,000 73 40 680 24,750 93 170
695 516 9,839 2,435 6,487
171 2,814 1,283 442 1,720 96,570 207 175 789 1,134 130 382 530 71 3,374
524
524 | 13.9538 GBP 13.9868 GBP 14.0002 GBP 14.0064 GBP 14.0770 GBP 14.0876 GBP 14.1383 GBP 14.1614 GBP 332.4513 ZAR 333.8266 ZAR 333.8694 ZAR 334.6798 ZAR 335.1865 ZAR 337.4132 ZAR 337.7533 ZAR 338.6228 ZAR
13.9489 GBP 13.9500 GBP 14.0065 GBP 14.0067 GBP 14.0194 GBP 14.0249 GBP 14.0470 GBP 14.0870 GBP 14.0965 GBP 14.1458 GBP 14.1460 GBP 14.1989 GBP 14.2149 GBP 331.9100 ZAR 334.4835 ZAR 334.7861 ZAR 336.7800 ZAR 337.1100 ZAR
14.0060 GBP 14.1110 GBP 14.1481 GBP 14.1508 GBP 336.9897 ZAR
13.9630 GBP 13.9780 GBP 13.9899 GBP 14.0342 GBP 14.0679 GBP 14.1509 GBP 332.1678 ZAR 332.3319 ZAR 333.6392 ZAR 334.2867 ZAR 335.0300 ZAR 335.1651 ZAR 336.9440 ZAR 338.4000 ZAR 339.2782 ZAR
338.1762 ZAR
338.1762 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: | 28 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.