Last checked at 19 Apr 2024 11:14
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: | 18 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
| 7322816 | 4.00000 GBP | 3.94599 GBP |
10p Ordinary | Sell
| 2226252 | 3.99602 GBP | 3.94599 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 | 110122 | 3.996 GBP |
10p Ordinary | CFD
| Long | 3473 | 3.99540167002591 GBP |
10p Ordinary | CFD
| Long | 2251 | 3.97606042 GBP |
10p Ordinary | CFD
| Long | 12000 | 3.97182833333333 GBP |
10p Ordinary | CFD
| Long | 89058 | 3.97048810887287 GBP |
10p Ordinary | CFD
| Long | 9342 | 3.97833119246414 GBP |
10p Ordinary | CFD
| Long | 12222 | 3.983744 GBP |
10p Ordinary | CFD
| Long | 14764 | 3.9828671091845 GBP |
10p Ordinary | CFD
| Long | 1084 | 3.98153136531365 GBP |
10p Ordinary | CFD
| Long | 48488 | 3.990049 GBP |
10p Ordinary | CFD
| Long | 3037 | 3.963971 GBP |
10p Ordinary | CFD
| Long | 1000000 | 3.962827 GBP |
10p Ordinary | CFD
| Long | 14211 | 3.99562692 GBP |
10p Ordinary | CFD
| Long | 3575 | 3.984856 GBP |
10p Ordinary | CFD
| Long | 643 | 3.974 GBP |
10p Ordinary | CFD
| Long | 14892 | 3.976232 GBP |
10p Ordinary | CFD
| Long | 56851 | 3.9959466 GBP |
10p Ordinary | CFD
| Long | 15638 | 3.99540094641258 GBP |
10p Ordinary | CFD
| Long | 33968 | 3.977499 GBP |
10p Ordinary | CFD
| Long | 3626 | 3.9954026475455 GBP |
10p Ordinary | CFD
| Long | 32373 | 3.97424944 GBP |
10p Ordinary | CFD
| Short | 500000 | 4.94048239 USD |
10p Ordinary | CFD
| Short | 222195 | 3.996 GBP |
10p Ordinary | CFD
| Short | 650000 | 4.928557 USD |
10p Ordinary | CFD
| Short | 4196254 | 4.967095 USD |
10p Ordinary | CFD
| Short | 20973 | 3.968315 GBP |
10p Ordinary | CFD
| Short | 27900 | 3.95781218637993 GBP |
10p Ordinary | CFD
| Short | 5051 | 3.96153632943971 GBP |
10p Ordinary | CFD
| Short | 12510 | 3.966 GBP |
10p Ordinary | CFD
| Short | 266 | 3.981992 GBP |
10p Ordinary | CFD
| Short | 125000 | 3.985528 GBP |
10p Ordinary | CFD
| Short | 10181 | 3.972 GBP |
10p Ordinary | CFD
| Short | 7224 | 3.979383 GBP |
10p Ordinary | CFD
| Short | 27903 | 3.95 GBP |
10p Ordinary | CFD
| Short | 7745 | 3.97 GBP |
10p Ordinary | CFD
| Short | 19228 | 3.98 GBP |
10p Ordinary | CFD
| Short | 6960 | 3.988 GBP |
10p Ordinary | CFD
| Short | 10739 | 3.96 GBP |
10p Ordinary | CFD
| Short | 4642 | 3.984 GBP |
10p Ordinary | CFD
| Short | 27638 | 3.974 GBP |
10p Ordinary | CFD
| Short | 14052 | 3.964 GBP |
10p Ordinary | CFD
| Short | 14274 | 3.976 GBP |
10p Ordinary | CFD
| Short | 5794 | 3.989854 GBP |
10p Ordinary | CFD
| Short | 8462 | 3.978 GBP |
10p Ordinary | CFD
| Short | 6720 | 3.986 GBP |
10p Ordinary | CFD
| Short | 5794 | 3.989047 GBP |
10p Ordinary | CFD
| Short | 6160 | 3.99 GBP |
10p Ordinary | CFD
| Short | 491417 | 3.969661 GBP |
10p Ordinary | CFD
| Short | 1480 | 3.950865 GBP |
10p Ordinary | CFD
| Short | 31014 | 3.956 GBP |
10p Ordinary | CFD
| Short | 2698 | 3.948 GBP |
10p Ordinary | CFD
| Short | 8408 | 3.958 GBP |
10p Ordinary | CFD
| Short | 4861 | 3.968 GBP |
10p Ordinary | CFD
| Short | 1962 | 3.952 GBP |
10p Ordinary | CFD
| Short | 4349 | 3.961988 GBP |
10p Ordinary | CFD
| Short | 6480 | 3.976667 GBP |
10p Ordinary | CFD
| Short | 5507 | 3.96406 GBP |
10p Ordinary | CFD
| Short | 654 | 3.98019654 GBP |
10p Ordinary | CFD
| Short | 246 | 4.0 GBP |
10p Ordinary | CFD
| Short | 1352 | 3.97769400059911 GBP |
10p Ordinary | CFD
| Short | 1462 | 3.9784747 GBP |
10p Ordinary | CFD
| Short | 2098 | 3.96671258 GBP |
10p Ordinary | CFD
| Short | 3526 | 3.97767329 GBP |
10p Ordinary | CFD
| Short | 8181 | 3.9714531 GBP |
10p Ordinary | CFD
| Short | 6017 | 3.982 GBP |
10p Ordinary | CFD
| Short | 5025 | 3.99305333 GBP |
10p Ordinary | CFD
| Short | 44147 | 3.979141 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: | 19 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.