Last checked at 28 Mar 2024 11:54
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: | UBS Investment Bank, London |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Smith (DS) plc |
(c) Name of the party to the offer with which exempt principal trader is connected: | Mondi Plc connected to UBS |
(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
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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 |
10p Ordinary | Buy
| 17518894 | 3.97050 GBP | 3.84000 GBP |
10p Ordinary | Sell
| 21011921 | 3.97050 GBP | 3.84000 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 |
10p Ordinary | CFD
| Long | 250000 | 3.904168 GBP |
10p Ordinary | CFD
| Long | 100000 | 3.9274 GBP |
10p Ordinary | CFD
| Long | 379352 | 3.957831 GBP |
10p Ordinary | CFD
| Long | 100000 | 3.9418 GBP |
10p Ordinary | CFD
| Long | 300000 | 3.92552707 GBP |
10p Ordinary | CFD
| Long | 52420 | 3.9629485 GBP |
10p Ordinary | CFD
| Long | 1350000 | 3.93028525 GBP |
10p Ordinary | CFD
| Long | 18849 | 3.9315 GBP |
10p Ordinary | CFD
| Long | 290156 | 3.966 GBP |
10p Ordinary | CFD
| Long | 33425 | 3.88712670157068 GBP |
10p Ordinary | CFD
| Long | 29168 | 3.948923 GBP |
10p Ordinary | CFD
| Long | 130182 | 3.908459 GBP |
10p Ordinary | CFD
| Long | 22 | 3.858 GBP |
10p Ordinary | CFD
| Long | 1748 | 3.965801 GBP |
10p Ordinary | CFD
| Long | 92484 | 3.9015839 GBP |
10p Ordinary | CFD
| Long | 155656 | 3.849075 GBP |
10p Ordinary | CFD
| Long | 28219 | 3.948418 GBP |
10p Ordinary | CFD
| Long | 113878 | 3.871773 GBP |
10p Ordinary | CFD
| Long | 17977 | 3.860046 GBP |
10p Ordinary | CFD
| Long | 1909 | 3.89807438 GBP |
10p Ordinary | CFD
| Long | 2000000 | 3.847649 GBP |
10p Ordinary | CFD
| Long | 509 | 3.949 GBP |
10p Ordinary | CFD
| Long | 1103 | 3.947 GBP |
10p Ordinary | CFD
| Long | 394157 | 3.960574 GBP |
10p Ordinary | CFD
| Long | 294459 | 3.95279998 GBP |
10p Ordinary | CFD
| Long | 225000 | 3.9457 GBP |
10p Ordinary | CFD
| Long | 7500 | 3.888729619 GBP |
10p Ordinary | CFD
| Long | 5 | 3.948 GBP |
10p Ordinary | CFD
| Long | 682892 | 3.863192 GBP |
10p Ordinary | CFD
| Long | 78758 | 3.9376008786409 GBP |
10p Ordinary | CFD
| Long | 279 | 3.969 GBP |
10p Ordinary | CFD
| Long | 20767 | 3.922596 GBP |
10p Ordinary | CFD
| Long | 4919 | 3.917216 GBP |
10p Ordinary | CFD
| Long | 14204 | 3.849074 GBP |
10p Ordinary | CFD
| Long | 150000 | 3.890597 GBP |
10p Ordinary | CFD
| Long | 4156636 | 3.9210676 GBP |
10p Ordinary | CFD
| Long | 6802 | 3.903309320788 GBP |
10p Ordinary | CFD
| Long | 1076 | 3.91300185873606 GBP |
10p Ordinary | CFD
| Short | 354925 | 3.88960225399732 GBP |
10p Ordinary | CFD
| Short | 1581 | 3.92736875395319 GBP |
10p Ordinary | CFD
| Short | 195000 | 3.90091 GBP |
10p Ordinary | CFD
| Short | 389000 | 3.86911249 GBP |
10p Ordinary | CFD
| Short | 230872 | 3.9164 GBP |
10p Ordinary | CFD
| Short | 34632 | 3.86 GBP |
10p Ordinary | CFD
| Short | 23088 | 3.87880934 GBP |
10p Ordinary | CFD
| Short | 598379 | 3.966 GBP |
10p Ordinary | CFD
| Short | 21963 | 3.910942 GBP |
10p Ordinary | CFD
| Short | 11594 | 3.85777874 GBP |
10p Ordinary | CFD
| Short | 32 | 3.9540625 GBP |
10p Ordinary | CFD
| Short | 10393 | 3.89300126 GBP |
10p Ordinary | CFD
| Short | 192629 | 3.87202969 GBP |
10p Ordinary | CFD
| Short | 102973 | 3.86021526 GBP |
10p Ordinary | CFD
| Short | 27480 | 3.87202966 GBP |
10p Ordinary | CFD
| Short | 58373 | 3.93078415 GBP |
10p Ordinary | CFD
| Short | 19913 | 3.858857 GBP |
10p Ordinary | CFD
| Short | 102 | 3.94823039 GBP |
10p Ordinary | CFD
| Short | 989953 | 3.943617 GBP |
10p Ordinary | CFD
| Short | 2000000 | 3.86229 GBP |
10p Ordinary | CFD
| Short | 625 | 3.944 GBP |
10p Ordinary | CFD
| Short | 14163 | 3.940762 GBP |
10p Ordinary | CFD
| Short | 75000 | 3.850696 GBP |
10p Ordinary | CFD
| Short | 1750000 | 3.8899 GBP |
10p Ordinary | CFD
| Short | 75000 | 3.902707 GBP |
10p Ordinary | CFD
| Short | 150000 | 3.852707 GBP |
10p Ordinary | CFD
| Short | 389000 | 3.8753 GBP |
10p Ordinary | CFD
| Short | 200000 | 3.85986 GBP |
10p Ordinary | CFD
| Short | 12511 | 5.00751126 USD |
10p Ordinary | CFD
| Short | 34900 | 3.87123467 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 |
| Date of disclosure: | 28 March 2024 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
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.