Last checked at 8 Mar 2024 11:40
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: | J.P. Morgan Securities Plc |
(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: | Corporate broker to Smith (DS) plc |
(d) Date dealing undertaken: | 7 March 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, Mondi plc |
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 | Purchase
Sale | 2,441,437
2,533,483 | 3.3010 GBP
3.3010 GBP | 3.1280 GBP
3.1310 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 | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
| 439 84,903 12,608 4,903 13,295 13,894 94,086 7,520 19,482 5,259 18,661 298 12,013 19,270 57,266 98,744 2,047 9,022 199 7,805 1,702 9 9,710
747 3,266 19,800 2,309 137 126 3,021 39,795 570,018 3,525 2,555 15,704
1,213 1,080 6,639 2,397 16,145 139,088 5,818 4,555 1,096 45,187 3,722 14,156 1,634 757 60,085 133,847 255 4,985 2,274 9,399 24,055 259 1,735 6,876
2,208 1,000 5,997 500,000 317 7,500 4,381 179,513 68,180 | 3.1852 GBP 3.2228 GBP 3.2253 GBP 3.2260 GBP 3.2272 GBP 3.2283 GBP 3.2375 GBP 3.2433 GBP 3.2436 GBP 3.2463 GBP 3.2520 GBP 3.2522 GBP 3.2527 GBP 3.2561 GBP 3.2586 GBP 3.2599 GBP 3.2609 GBP 3.2625 GBP 3.2690 GBP 3.2697 GBP 3.2754 GBP 3.2760 GBP 3.2819 GBP
3.1550 GBP 3.2041 GBP 3.2375 GBP 3.2424 GBP 3.2498 GBP 3.2500 GBP 3.2504 GBP 3.2517 GBP 3.2520 GBP 3.2568 GBP 3.2597 GBP 3.2601 GBP
3.1769 GBP 3.1899 GBP 3.1927 GBP 3.1941 GBP 3.2050 GBP 3.2262 GBP 3.2325 GBP 3.2474 GBP 3.2503 GBP 3.2508 GBP 3.2514 GBP 3.2518 GBP 3.2520 GBP 3.2525 GBP 3.2562 GBP 3.2573 GBP 3.2600 GBP 3.2604 GBP 3.2650 GBP 3.2663 GBP 3.2673 GBP 3.2720 GBP 3.2726 GBP 3.2770 GBP
3.1702 GBP 3.1931 GBP 3.2140 GBP 3.2216 GBP 3.2293 GBP 3.2372 GBP 3.2544 GBP 3.2706 GBP 3.2899 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
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| Date of disclosure: | 8 March 2024 |
| Contact name: | Natasha Mondon |
| Telephone number: | 01202 325175 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
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.