Last checked at 9 Apr 2024 10:55
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: | 08 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
| 2661496 | 4.11000 GBP | 4.05571 GBP |
10p Ordinary | Sell
| 3982819 | 4.11000 GBP | 4.05571 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 | 16895 | 4.08 GBP |
10p Ordinary | CFD
| Long | 4102 | 4.093686 GBP |
10p Ordinary | CFD
| Long | 325 | 4.09394883 GBP |
10p Ordinary | CFD
| Long | 3532 | 4.0885224 GBP |
10p Ordinary | CFD
| Long | 68777 | 4.085225 GBP |
10p Ordinary | CFD
| Long | 8699 | 4.09817381 GBP |
10p Ordinary | CFD
| Long | 3740 | 4.09028316 GBP |
10p Ordinary | CFD
| Long | 9700 | 4.07878144329897 GBP |
10p Ordinary | CFD
| Long | 11147 | 4.09353817170539 GBP |
10p Ordinary | CFD
| Long | 617 | 4.10599675850891 GBP |
10p Ordinary | CFD
| Long | 47242 | 4.094 GBP |
10p Ordinary | CFD
| Long | 311 | 4.083158 GBP |
10p Ordinary | CFD
| Long | 1312825 | 4.08223467 GBP |
10p Ordinary | CFD
| Long | 100000 | 4.102282 GBP |
10p Ordinary | CFD
| Long | 5000 | 4.1028 GBP |
10p Ordinary | CFD
| Long | 5000 | 4.0988 GBP |
10p Ordinary | CFD
| Long | 140000 | 4.0872 GBP |
10p Ordinary | CFD
| Long | 133384 | 4.083029 GBP |
10p Ordinary | CFD
| Long | 56863 | 4.084022 GBP |
10p Ordinary | CFD
| Short | 3905 | 4.095 GBP |
10p Ordinary | CFD
| Short | 38060 | 4.0968 GBP |
10p Ordinary | CFD
| Short | 1353 | 4.09405117 GBP |
10p Ordinary | CFD
| Short | 114743 | 4.087841 GBP |
10p Ordinary | CFD
| Short | 1903 | 4.088271 GBP |
10p Ordinary | CFD
| Short | 119068 | 4.094 GBP |
10p Ordinary | CFD
| Short | 7 | 4.056 GBP |
10p Ordinary | CFD
| Short | 49500 | 4.07887353535354 GBP |
10p Ordinary | CFD
| Short | 642 | 4.0940031152648 GBP |
10p Ordinary | CFD
| Short | 84657 | 4.092667 GBP |
10p Ordinary | CFD
| Short | 1064 | 4.094201 GBP |
10p Ordinary | CFD
| Short | 23527 | 4.095197 GBP |
10p Ordinary | CFD
| Short | 8614 | 4.093079 GBP |
10p Ordinary | CFD
| Short | 51155 | 4.08606881047796 GBP |
10p Ordinary | CFD
| Short | 38396 | 4.09088439 GBP |
10p Ordinary | CFD
| Short | 48851 | 4.08408 GBP |
10p Ordinary | CFD
| Short | 4656 | 4.07633763 GBP |
10p Ordinary | CFD
| Short | 6160 | 4.1001109 GBP |
10p Ordinary | CFD
| Short | 16700 | 4.095072 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: | 09 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.