Last checked at 19 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: | 18 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
| 3,825 2,263,992
3,825 1,218,361 | 318.8100 ZAR 13.3850 GBP
318.8100 ZAR 13.3800 GBP | 318.8100 ZAR 13.1850 GBP
318.8100 ZAR 13.1900 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
| 8 291 19,748 6,254 3,580 1,351 37,259 4,121 1,380 10,190 966 7,341 9,003 10,825 6,499 7,855 7,071 9,807 3,756 7,694 13,613 2,095 10,941 35 127 5,349 8 5,517 1,324 245 1,060,000 118 23 695 120 43,783 137 110 65 18,823 112 89
6,183 1 93 40 12,912 9,348 15,298 2,330 6,414 232 24,399 1,639 67 1,100 43,783 1,761 4,219 137 766 1,313 222 187 1,444 154 1,834 2,299 958 1,458 682 2,433
120 24,354 127,091 6,541 2,877 44,078 58 3 35 127 628 128,524 3,800 10,330 10,675 3,376 7,696 5,657 2,969 4,881 10,396 645 318 6,796 1,807 900 900 1,810 830 300 445 421 3,546 75
171 61 13,630 17,300 16 216,459 2,721 27 1,366 24 93 334 1,083 480 264 180 6,850 3,763 1,636 187 11,604 75 | 13.1863 GBP 13.1940 GBP 13.1952 GBP 13.1956 GBP 13.1959 GBP 13.1963 GBP 13.1964 GBP 13.2017 GBP 13.2260 GBP 13.2338 GBP 13.2496 GBP 13.2529 GBP 13.2536 GBP 13.2570 GBP 13.2628 GBP 13.2667 GBP 13.2686 GBP 13.2744 GBP 13.2753 GBP 13.2769 GBP 13.2775 GBP 13.2786 GBP 13.2793 GBP 13.2806 GBP 13.2813 GBP 13.2816 GBP 13.2852 GBP 13.2952 GBP 13.3089 GBP 13.3100 GBP 13.3200 GBP 13.3213 GBP 13.3463 GBP 13.3472 GBP 13.3513 GBP 318.7686 ZAR 318.9106 ZAR 318.9846 ZAR 319.3000 ZAR 319.3259 ZAR 319.4400 ZAR 319.4500 ZAR
13.1950 GBP 13.1987 GBP 13.2014 GBP 13.2271 GBP 13.2287 GBP 13.2301 GBP 13.2549 GBP 13.2593 GBP 13.2657 GBP 13.2696 GBP 13.3200 GBP 13.3748 GBP 13.3850 GBP 318.7374 ZAR 318.7686 ZAR 318.7821 ZAR 318.8682 ZAR 318.9106 ZAR 319.1031 ZAR 319.1869 ZAR 319.2111 ZAR 319.2583 ZAR 319.3632 ZAR 319.3835 ZAR 319.4003 ZAR 319.4780 ZAR 319.5518 ZAR 319.7357 ZAR 319.7467 ZAR 319.8279 ZAR
13.1934 GBP 13.1937 GBP 13.2098 GBP 13.2389 GBP 13.2468 GBP 13.2619 GBP 13.2737 GBP 13.2762 GBP 13.2806 GBP 13.2813 GBP 13.2819 GBP 13.3075 GBP 13.3198 GBP 13.3200 GBP 13.3219 GBP 13.3222 GBP 13.3284 GBP 13.3319 GBP 13.3338 GBP 13.3411 GBP 13.3447 GBP 318.5843 ZAR 318.7479 ZAR 318.8100 ZAR 319.0491 ZAR 319.0867 ZAR 319.2500 ZAR 319.3141 ZAR 319.3840 ZAR 319.4900 ZAR 319.5810 ZAR 319.6212 ZAR 319.9021 ZAR 320.0400 ZAR
13.1901 GBP 13.1950 GBP 13.2141 GBP 13.2234 GBP 13.2474 GBP 13.2590 GBP 13.2679 GBP 13.2801 GBP 13.2870 GBP 13.2875 GBP 13.2928 GBP 13.3072 GBP 13.3459 GBP 13.3460 GBP 318.5631 ZAR 318.8100 ZAR 318.8578 ZAR 319.1771 ZAR 319.2377 ZAR 319.2583 ZAR 319.4266 ZAR 320.0432 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: | 19 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.