Last checked at 2 Apr 2024 11:24
AMENDMENT
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 | Smith (DS) 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, Mondi 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 |
10p ordinary | Purchase
Sale | 29,510,706
19,400,425 | 3.9740 GBP
3.9690 GBP | 3.8238 GBP
3.8400 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 | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position | 2,897 665 32,387 252,395 103,167 12,355 35,702 2,552 518,955 1,032,738 476,372 254 1,616 141,455
13,354 10,255 50,000 100,000 100,000 622 332,449 1,761 100,000 100,000 3,383 50,000 109,364 74,493 619 11,953 174 1,800 50,000 50,000 250,000 2,201 42,615
292 2,816 5,279 13,261 1,918 38,144 22,742 76,418 23,068 859 72,495 40,235 101,718 815,029 1,858 11,582 28,950 3,535 101,862 371,211
46,995 33,610 56,361 42,272 98,631 67,220 33,610 28,183 750,000 1,400,000 500,000 853,287 1,400,000 3,001 250,000 281,808 17,313 250,000 35,226 1,873 194,505 67,220
743 | 3.8442 GBP 3.8501 GBP 3.8510 GBP 3.8607 GBP 3.8687 GBP 3.8688 GBP 3.8722 GBP 3.8740 GBP 3.8826 GBP 3.8980 GBP 3.9039 GBP 3.9260 GBP 3.9306 GBP 3.9660 GBP
3.8491 GBP 3.8565 GBP 3.8600 GBP 3.8610 GBP 3.8667 GBP 3.8677 GBP 3.8695 GBP 3.8708 GBP 3.8726 GBP 3.8766 GBP 3.8797 GBP 3.8799 GBP 3.8859 GBP 3.9169 GBP 3.9267 GBP 3.9305 GBP 3.9368 GBP 3.9462 GBP 3.9516 GBP 3.9546 GBP 3.9600 GBP 3.9632 GBP 3.9660 GBP
3.8435 GBP 3.8457 GBP 3.8462 GBP 3.8497 GBP 3.8508 GBP 3.8564 GBP 3.8579 GBP 3.8582 GBP 3.8592 GBP 3.8599 GBP 3.8606 GBP 3.8660 GBP 3.8683 GBP 3.8744 GBP 3.9054 GBP 3.9527 GBP 3.9581 GBP 3.9656 GBP 3.9658 GBP 3.9660 GBP
3.8503 GBP 3.8519 GBP 3.8608 GBP 3.8658 GBP 3.8666 GBP 3.8769 GBP 3.8779 GBP 3.8788 GBP 3.8796 GBP 3.8964 GBP 3.8989 GBP 3.9002 GBP 3.9011 GBP 3.9044 GBP 3.9104 GBP 3.9164 GBP 3.9220 GBP 3.9277 GBP 3.9439 GBP 3.9569 GBP 3.9660 GBP 3.9720 GBP
3.8666 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: | 02 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.