Last checked at 16 Apr 2024 11:45
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: | 15 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 |
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
| 2976461 | 4.13916 GBP | 4.09591 GBP |
10p Ordinary | Sell
| 9447506 | 4.14000 GBP | 4.09518 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 | 975327 | 4.09713 GBP |
10p Ordinary | CFD
| Long | 972000 | 5.1532075 USD |
10p Ordinary | CFD
| Long | 4512939 | 4.13 GBP |
10p Ordinary | CFD
| Long | 43399 | 4.096 GBP |
10p Ordinary | CFD
| Long | 138001 | 4.100586 GBP |
10p Ordinary | CFD
| Long | 135785 | 4.1211132 GBP |
10p Ordinary | CFD
| Long | 9078 | 4.0987345 GBP |
10p Ordinary | CFD
| Long | 6489 | 4.121344 GBP |
10p Ordinary | CFD
| Long | 20037 | 4.110416 GBP |
10p Ordinary | CFD
| Long | 1059 | 4.10739377 GBP |
10p Ordinary | CFD
| Long | 3816 | 4.11836058 GBP |
10p Ordinary | CFD
| Long | 23243 | 4.112486 GBP |
10p Ordinary | CFD
| Long | 4655 | 4.12970998925886 GBP |
10p Ordinary | CFD
| Long | 5730 | 4.13234205933682 GBP |
10p Ordinary | CFD
| Long | 1015 | 4.132 GBP |
10p Ordinary | CFD
| Long | 14397 | 4.12966104049455 GBP |
10p Ordinary | CFD
| Long | 247245 | 4.09795 GBP |
10p Ordinary | CFD
| Long | 21573 | 4.13124692903166 GBP |
10p Ordinary | CFD
| Long | 2430 | 4.13059259259259 GBP |
10p Ordinary | CFD
| Long | 560 | 4.102 GBP |
10p Ordinary | CFD
| Long | 725 | 4.10861517 GBP |
10p Ordinary | CFD
| Long | 12828 | 4.09518085438104 GBP |
10p Ordinary | CFD
| Short | 200000 | 4.105839 GBP |
10p Ordinary | CFD
| Short | 716 | 4.13 GBP |
10p Ordinary | CFD
| Short | 97722 | 4.1063 GBP |
10p Ordinary | CFD
| Short | 161241 | 4.096 GBP |
10p Ordinary | CFD
| Short | 17060 | 4.11383617 GBP |
10p Ordinary | CFD
| Short | 4666 | 4.09976854 GBP |
10p Ordinary | CFD
| Short | 5415 | 4.1030401 GBP |
10p Ordinary | CFD
| Short | 55831 | 4.106317 GBP |
10p Ordinary | CFD
| Short | 24213 | 4.096205 GBP |
10p Ordinary | CFD
| Short | 7 | 4.125 GBP |
10p Ordinary | CFD
| Short | 20734 | 4.103353 GBP |
10p Ordinary | CFD
| Short | 4531 | 4.1 GBP |
10p Ordinary | CFD
| Short | 4827 | 4.12481725 GBP |
10p Ordinary | CFD
| Short | 1000 | 4.13408 GBP |
10p Ordinary | CFD
| Short | 20459 | 4.126267 GBP |
10p Ordinary | CFD
| Short | 644 | 4.12147671 GBP |
10p Ordinary | CFD
| Short | 24728 | 4.0963899 GBP |
10p Ordinary | CFD
| Short | 2127 | 4.125719 GBP |
10p Ordinary | CFD
| Short | 779 | 4.12008215 GBP |
10p Ordinary | CFD
| Short | 39464 | 4.11823307318062 GBP |
10p Ordinary | CFD
| Short | 124 | 4.10064516129032 GBP |
10p Ordinary | CFD
| Short | 22935 | 4.125328 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 |
|
|
|
|
|
(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) |
|
|
|
|
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
|
(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: | 16 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.