Last checked at 21 Mar 2024 13:52
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: | 8 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 |
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 | 16,079,942
15,102,662 | 3.5030 GBP
3.5060 GBP | 3.4195 GBP
3.2520 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
Opening a short position | 4,270 8,782 175,106 100 2,378 140,227 727,641 125,814 400 325,197
9,610 2,408 2,042 95,200 2,385 4,968 115,287 5,847 735 534 3,859 5,997
75,360 17,621 1,063 4,845 20,742 19,818 981,904 1,266 12,680
3,563 3,249 1,500,000 136,300
272 1,450 6,126 45,105 3,593 1,457 23,886 2,389 236,262 25,295 1,648 47,422 17,345 8,812 908
242,472 717 70,837 70,835 68,568 2,266 54,220 112,000 11,789 6,354 219,591 7,168 4,404 84,668 5,983 1,342 2,853 70,834 | 3.4200 GBP 3.4297 GBP 3.4564 GBP 3.4569 GBP 3.4570 GBP 3.4579 GBP 3.4645 GBP 3.4664 GBP 3.4750 GBP 3.4838 GBP
3.4200 GBP 3.4247 GBP 3.4307 GBP 3.4348 GBP 3.4361 GBP 3.4365 GBP 3.4409 GBP 3.4446 GBP 3.4487 GBP 3.4508 GBP 3.4538 GBP 3.4831 GBP
3.4240 GBP 3.4454 GBP 3.4460 GBP 3.4466 GBP 3.4566 GBP 3.4575 GBP 3.4654 GBP 3.4672 GBP 3.4925 GBP
3.4416 GBP 3.4565 GBP 3.4623 GBP 3.4737 GBP
3.4268 GBP 3.4408 GBP 3.4439 GBP 3.4440 GBP 3.4464 GBP 3.4470 GBP 3.4496 GBP 3.4612 GBP 3.4636 GBP 3.4650 GBP 3.4652 GBP 3.4659 GBP 3.4704 GBP 3.4800 GBP 3.4940 GBP
3.4200 GBP 3.4202 GBP 3.4251 GBP 3.4304 GBP 3.4381 GBP 3.4382 GBP 3.4463 GBP 3.4523 GBP 3.4525 GBP 3.4528 GBP 3.4547 GBP 3.4562 GBP 3.4586 GBP 3.4635 GBP 3.4742 GBP 3.4800 GBP 3.4840 GBP 3.4857 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: | 21 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.