Last checked at 12 Apr 2024 10:50
This announcement replaces the previous RNS announcement 2959K released at 11:23 on the 11th April 2024. Amendments to sections 2a and 2b. All other information remains unchanged.
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: | 10 April 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
| 6906628 | 4.14222 GBP | 4.05200 GBP |
10p Ordinary | Sell
| 2982452 | 4.12641 GBP | 4.04899 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 | 10689 | 4.111781 GBP |
10p Ordinary | CFD
| Long | 10746 | 4.11034338358459 GBP |
10p Ordinary | CFD
| Long | 25730 | 4.12517489312087 GBP |
10p Ordinary | CFD
| Long | 2000000 | 4.083468 GBP |
10p Ordinary | CFD
| Long | 12800 | 4.054 GBP |
10p Ordinary | CFD
| Long | 15668 | 4.11626322 GBP |
10p Ordinary | CFD
| Long | 3553 | 4.094472 GBP |
10p Ordinary | CFD
| Long | 109592 | 4.126 GBP |
10p Ordinary | CFD
| Long | 259 | 4.102421 GBP |
10p Ordinary | CFD
| Long | 4291 | 4.125905 GBP |
10p Ordinary | CFD
| Long | 2335 | 4.125794 GBP |
10p Ordinary | CFD
| Long | 31788 | 4.094779 GBP |
10p Ordinary | CFD
| Long | 22400 | 4.062 GBP |
10p Ordinary | CFD
| Long | 892 | 4.078 GBP |
10p Ordinary | CFD
| Long | 220527 | 4.084891 GBP |
10p Ordinary | CFD
| Long | 27520 | 4.052 GBP |
10p Ordinary | CFD
| Long | 4333 | 4.072 GBP |
10p Ordinary | CFD
| Long | 5632 | 4.09 GBP |
10p Ordinary | CFD
| Long | 10147 | 4.0889908 GBP |
10p Ordinary | CFD
| Long | 58098 | 4.085031 GBP |
10p Ordinary | CFD
| Long | 8203 | 4.1061046 GBP |
10p Ordinary | CFD
| Long | 10534 | 4.08755316 GBP |
10p Ordinary | CFD
| Long | 7400 | 4.08371351351351 GBP |
10p Ordinary | CFD
| Long | 10754 | 4.1189464385345 GBP |
10p Ordinary | CFD
| Long | 946 | 4.11628964059197 GBP |
10p Ordinary | CFD
| Short | 114282 | 4.070034 GBP |
10p Ordinary | CFD
| Short | 17200 | 4.09522848837209 GBP |
10p Ordinary | CFD
| Short | 5313 | 4.08723131940523 GBP |
10p Ordinary | CFD
| Short | 94146 | 4.12529 GBP |
10p Ordinary | CFD
| Short | 380 | 4.10060526315789 GBP |
10p Ordinary | CFD
| Short | 25185 | 4.092333 GBP |
10p Ordinary | CFD
| Short | 3979 | 4.0855426 GBP |
10p Ordinary | CFD
| Short | 2964 | 5.17701598 USD |
10p Ordinary | CFD
| Short | 28954 | 4.1089542 GBP |
10p Ordinary | CFD
| Short | 390000 | 4.06008 GBP |
10p Ordinary | CFD
| Short | 31712 | 4.09414903 GBP |
10p Ordinary | CFD
| Short | 50115 | 4.052 GBP |
10p Ordinary | CFD
| Short | 1836 | 4.093916 GBP |
10p Ordinary | CFD
| Short | 9 | 4.142 GBP |
10p Ordinary | CFD
| Short | 5210390 | 4.1 GBP |
10p Ordinary | CFD
| Short | 100000 | 4.1041 GBP |
10p Ordinary | CFD
| Short | 100000 | 4.1021 GBP |
10p Ordinary | CFD
| Short | 195219 | 4.126 GBP |
10p Ordinary | CFD
| Short | 150000 | 4.098 GBP |
10p Ordinary | CFD
| Short | 1773 | 4.076184 GBP |
10p Ordinary | CFD
| Short | 3017 | 4.094113 GBP |
10p Ordinary | CFD
| Short | 28049 | 4.090262 GBP |
10p Ordinary | CFD
| Short | 1158 | 4.062 GBP |
10p Ordinary | CFD
| Short | 677 | 4.124 GBP |
10p Ordinary | CFD
| Short | 29875 | 4.07780241 GBP |
10p Ordinary | CFD
| Short | 3602 | 4.081806 GBP |
10p Ordinary | CFD
| Short | 23164 | 4.08611984 GBP |
10p Ordinary | CFD
| Short | 5792 | 4.08612051 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: | 12 April 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.