Last checked at 5 Apr 2024 10:59
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: | 04 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
| 3372902 | 4.13799 GBP | 3.96599 GBP |
10p Ordinary | Sell
| 4051577 | 4.12200 GBP | 4.00000 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 | 2181 | 4.0645854 GBP |
10p Ordinary | CFD
| Long | 149344 | 4.11993899 GBP |
10p Ordinary | CFD
| Long | 71074 | 4.02530448 GBP |
10p Ordinary | CFD
| Long | 27258 | 4.021978 GBP |
10p Ordinary | CFD
| Long | 1407 | 4.00921 GBP |
10p Ordinary | CFD
| Long | 50000 | 4.083628 GBP |
10p Ordinary | CFD
| Long | 450000 | 4.098386 GBP |
10p Ordinary | CFD
| Long | 304 | 4.087184 GBP |
10p Ordinary | CFD
| Long | 257 | 4.090412 GBP |
10p Ordinary | CFD
| Long | 4013 | 4.068266 GBP |
10p Ordinary | CFD
| Long | 850 | 4.11647058823529 GBP |
10p Ordinary | CFD
| Long | 65000 | 4.105124 GBP |
10p Ordinary | CFD
| Long | 10727 | 4.10717908082409 GBP |
10p Ordinary | CFD
| Long | 6283 | 4.10941588413178 GBP |
10p Ordinary | CFD
| Long | 58900 | 4.07517487 GBP |
10p Ordinary | CFD
| Long | 9983 | 4.108925 GBP |
10p Ordinary | CFD
| Long | 9202 | 4.11138633781787 GBP |
10p Ordinary | CFD
| Long | 454189 | 4.08127028615841 GBP |
10p Ordinary | CFD
| Long | 1631 | 4.016 GBP |
10p Ordinary | CFD
| Long | 31197 | 4.1 GBP |
10p Ordinary | CFD
| Long | 521687 | 4.084956 GBP |
10p Ordinary | CFD
| Long | 25036 | 4.08 GBP |
10p Ordinary | CFD
| Long | 1979 | 4.098 GBP |
10p Ordinary | CFD
| Long | 874 | 4.106 GBP |
10p Ordinary | CFD
| Long | 4475 | 4.067 GBP |
10p Ordinary | CFD
| Long | 1786 | 4.072 GBP |
10p Ordinary | CFD
| Long | 11440 | 4.06 GBP |
10p Ordinary | CFD
| Long | 2893 | 4.068 GBP |
10p Ordinary | CFD
| Long | 3334 | 4.108 GBP |
10p Ordinary | CFD
| Long | 3322 | 4.104 GBP |
10p Ordinary | CFD
| Long | 1000 | 4.085 GBP |
10p Ordinary | CFD
| Long | 1206 | 4.064 GBP |
10p Ordinary | CFD
| Long | 208177 | 4.099413 GBP |
10p Ordinary | CFD
| Long | 120315 | 4.08031 GBP |
10p Ordinary | CFD
| Long | 246 | 4.0705935 GBP |
10p Ordinary | CFD
| Long | 9571 | 4.09966816 GBP |
10p Ordinary | CFD
| Long | 21450 | 4.102252 GBP |
10p Ordinary | CFD
| Short | 11428 | 4.108205 GBP |
10p Ordinary | CFD
| Short | 363610 | 4.108 GBP |
10p Ordinary | CFD
| Short | 7889 | 4.11664596273292 GBP |
10p Ordinary | CFD
| Short | 109688 | 4.057531 GBP |
10p Ordinary | CFD
| Short | 1246 | 4.038 GBP |
10p Ordinary | CFD
| Short | 371 | 4.056 GBP |
10p Ordinary | CFD
| Short | 2500 | 4.023 GBP |
10p Ordinary | CFD
| Short | 2500 | 4.024 GBP |
10p Ordinary | CFD
| Short | 76718 | 3.99599702807685 GBP |
10p Ordinary | CFD
| Short | 152420 | 3.96599127411101 GBP |
10p Ordinary | CFD
| Short | 152420 | 3.99599698202336 GBP |
10p Ordinary | CFD
| Short | 18532 | 4.0839 GBP |
10p Ordinary | CFD
| Short | 5792 | 4.09012569 GBP |
10p Ordinary | CFD
| Short | 63724 | 4.1065 GBP |
10p Ordinary | CFD
| Short | 332 | 4.04618675 GBP |
10p Ordinary | CFD
| Short | 15119 | 4.090119 GBP |
10p Ordinary | CFD
| Short | 3415 | 4.08825944 GBP |
10p Ordinary | CFD
| Short | 148605 | 4.1077326 GBP |
10p Ordinary | CFD
| Short | 3537 | 4.061515 GBP |
10p Ordinary | CFD
| Short | 197002 | 4.101222 GBP |
10p Ordinary | CFD
| Short | 27965 | 4.103119 GBP |
10p Ordinary | CFD
| Short | 6125 | 4.06594448979592 GBP |
10p Ordinary | CFD
| Short | 20862 | 3.96599127600422 GBP |
10p Ordinary | CFD
| Short | 20862 | 3.99599702808935 GBP |
10p Ordinary | CFD
| Short | 58900 | 4.07499331 GBP |
10p Ordinary | CFD
| Short | 76718 | 3.96599129278657 GBP |
10p Ordinary | CFD
| Short | 1284 | 4.1080817 GBP |
10p Ordinary | CFD
| Short | 96815 | 4.10491966 GBP |
10p Ordinary | CFD
| Short | 23903 | 4.05719664 GBP |
10p Ordinary | CFD
| Short | 17165 | 4.10805135 GBP |
10p Ordinary | CFD
| Short | 15218 | 4.093536 GBP |
10p Ordinary | CFD
| Short | 16538 | 4.097233 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: | 05 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.