Last checked at 18 Apr 2024 11:33
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: | 17 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
| 6868209 | 4.00600 GBP | 3.92000 GBP |
10p Ordinary | Sell
| 5272016 | 4.00600 GBP | 3.92000 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 | 26689 | 3.986123 GBP |
10p Ordinary | CFD
| Long | 11290 | 3.986225 GBP |
10p Ordinary | CFD
| Long | 4427 | 3.97564265 GBP |
10p Ordinary | CFD
| Long | 800 | 3.983675 GBP |
10p Ordinary | CFD
| Long | 11967 | 3.98328219 GBP |
10p Ordinary | CFD
| Long | 16837 | 3.975856 GBP |
10p Ordinary | CFD
| Long | 9900 | 3.94972323232323 GBP |
10p Ordinary | CFD
| Long | 284500 | 3.97773855887522 GBP |
10p Ordinary | CFD
| Long | 2937 | 3.976204 GBP |
10p Ordinary | CFD
| Long | 22000 | 3.98776364 GBP |
10p Ordinary | CFD
| Long | 1120166 | 3.972 GBP |
10p Ordinary | CFD
| Long | 4258 | 3.97475105683419 GBP |
10p Ordinary | CFD
| Long | 1000000 | 3.973523 GBP |
10p Ordinary | CFD
| Long | 11582 | 3.97403039 GBP |
10p Ordinary | CFD
| Long | 23164 | 3.9875 GBP |
10p Ordinary | CFD
| Long | 5705 | 3.97513234 GBP |
10p Ordinary | CFD
| Short | 9600 | 3.99323583 GBP |
10p Ordinary | CFD
| Short | 12304 | 3.9739641 GBP |
10p Ordinary | CFD
| Short | 293 | 3.967829 GBP |
10p Ordinary | CFD
| Short | 935759 | 3.972 GBP |
10p Ordinary | CFD
| Short | 73911 | 3.974728 GBP |
10p Ordinary | CFD
| Short | 3 | 3.983333 GBP |
10p Ordinary | CFD
| Short | 27963 | 3.979 GBP |
10p Ordinary | CFD
| Short | 80706 | 4.006 GBP |
10p Ordinary | CFD
| Short | 5000 | 3.984 GBP |
10p Ordinary | CFD
| Short | 9139 | 3.986 GBP |
10p Ordinary | CFD
| Short | 3927 | 3.979062 GBP |
10p Ordinary | CFD
| Short | 186934 | 3.98 GBP |
10p Ordinary | CFD
| Short | 7725 | 3.998 GBP |
10p Ordinary | CFD
| Short | 7967 | 3.978 GBP |
10p Ordinary | CFD
| Short | 11558 | 3.996 GBP |
10p Ordinary | CFD
| Short | 2784 | 3.977 GBP |
10p Ordinary | CFD
| Short | 1861 | 4.004 GBP |
10p Ordinary | CFD
| Short | 1220777 | 3.972834 GBP |
10p Ordinary | CFD
| Short | 10945 | 3.949 GBP |
10p Ordinary | CFD
| Short | 8070 | 3.961 GBP |
10p Ordinary | CFD
| Short | 37729 | 3.95 GBP |
10p Ordinary | CFD
| Short | 4500 | 3.931 GBP |
10p Ordinary | CFD
| Short | 5393 | 3.934 GBP |
10p Ordinary | CFD
| Short | 7469 | 3.948 GBP |
10p Ordinary | CFD
| Short | 4500 | 3.935 GBP |
10p Ordinary | CFD
| Short | 13950 | 3.947 GBP |
10p Ordinary | CFD
| Short | 15574 | 3.952 GBP |
10p Ordinary | CFD
| Short | 15186 | 3.954 GBP |
10p Ordinary | CFD
| Short | 5393 | 3.924 GBP |
10p Ordinary | CFD
| Short | 3941 | 3.925 GBP |
10p Ordinary | CFD
| Short | 11826 | 3.951 GBP |
10p Ordinary | CFD
| Short | 3941 | 3.928 GBP |
10p Ordinary | CFD
| Short | 4500 | 3.929 GBP |
10p Ordinary | CFD
| Short | 6150 | 3.951333 GBP |
10p Ordinary | CFD
| Short | 9000 | 3.93 GBP |
10p Ordinary | CFD
| Short | 9000 | 3.932 GBP |
10p Ordinary | CFD
| Short | 3353 | 3.936 GBP |
10p Ordinary | CFD
| Short | 5840 | 3.946 GBP |
10p Ordinary | CFD
| Short | 1000 | 3.955 GBP |
10p Ordinary | CFD
| Short | 14320 | 3.969 GBP |
10p Ordinary | CFD
| Short | 40256 | 3.982 GBP |
10p Ordinary | CFD
| Short | 5000 | 3.979124 GBP |
10p Ordinary | CFD
| Short | 3524 | 3.953 GBP |
10p Ordinary | CFD
| Short | 37051 | 4.0 GBP |
10p Ordinary | CFD
| Short | 2671 | 3.968 GBP |
10p Ordinary | CFD
| Short | 2675 | 3.981 GBP |
10p Ordinary | CFD
| Short | 2000 | 3.975 GBP |
10p Ordinary | CFD
| Short | 20275 | 3.96236914 GBP |
10p Ordinary | CFD
| Short | 4770 | 3.94268763 GBP |
10p Ordinary | CFD
| Short | 4157 | 3.98764 GBP |
10p Ordinary | CFD
| Short | 22108 | 3.954616 GBP |
10p Ordinary | CFD
| Short | 8599 | 3.96631957 GBP |
10p Ordinary | CFD
| Short | 351 | 3.98622222 GBP |
10p Ordinary | CFD
| Short | 49987 | 3.9718455 GBP |
10p Ordinary | CFD
| Short | 7813 | 3.972483 GBP |
10p Ordinary | CFD
| Short | 22000 | 3.94094590909091 GBP |
10p Ordinary | CFD
| Short | 20249 | 3.97529507630006 GBP |
10p Ordinary | CFD
| Short | 8132 | 3.97631578947368 GBP |
10p Ordinary | CFD
| Short | 36316 | 3.97540462 GBP |
10p Ordinary | CFD
| Short | 13631 | 3.975541 GBP |
10p Ordinary | CFD
| Short | 3247 | 3.97419864 GBP |
10p Ordinary | CFD
| Short | 525000 | 3.984869819 GBP |
10p Ordinary | CFD
| Short | 500000 | 3.9502899 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: | 18 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.