Last checked at 8 Apr 2024 11:34
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: | 05 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
| 1739548 | 4.10812 GBP | 4.06609 GBP |
10p Ordinary | Sell
| 4599699 | 4.11993 GBP | 4.07479 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 | 32074 | 4.07964145413731 GBP |
10p Ordinary | CFD
| Long | 406 | 4.08600985221675 GBP |
10p Ordinary | CFD
| Long | 10260 | 4.08099512670565 GBP |
10p Ordinary | CFD
| Long | 56660 | 4.09836004235792 GBP |
10p Ordinary | CFD
| Long | 1200 | 4.079575 GBP |
10p Ordinary | CFD
| Long | 76244 | 4.089783 GBP |
10p Ordinary | CFD
| Long | 302039 | 4.098684 GBP |
10p Ordinary | CFD
| Long | 116890 | 4.0927 GBP |
10p Ordinary | CFD
| Long | 564 | 4.0980798 GBP |
10p Ordinary | CFD
| Long | 39993 | 4.09202166 GBP |
10p Ordinary | CFD
| Long | 7362 | 4.099795 GBP |
10p Ordinary | CFD
| Long | 2769 | 4.09294 GBP |
10p Ordinary | CFD
| Long | 284 | 4.09994875 GBP |
10p Ordinary | CFD
| Long | 3240 | 4.091525 GBP |
10p Ordinary | CFD
| Long | 315463 | 4.1 GBP |
10p Ordinary | CFD
| Long | 253764 | 4.09947056 GBP |
10p Ordinary | CFD
| Long | 133411 | 4.09944 GBP |
10p Ordinary | CFD
| Long | 152633 | 4.099924 GBP |
10p Ordinary | CFD
| Long | 2656 | 4.093176 GBP |
10p Ordinary | CFD
| Long | 1836 | 4.10236928104575 GBP |
10p Ordinary | CFD
| Long | 9648 | 4.094949 GBP |
10p Ordinary | CFD
| Long | 17756 | 4.11993917548998 GBP |
10p Ordinary | CFD
| Long | 2543 | 4.100029 GBP |
10p Ordinary | CFD
| Long | 4993 | 4.09539154816743 GBP |
10p Ordinary | CFD
| Long | 2216 | 4.09621389891697 GBP |
10p Ordinary | CFD
| Long | 885242 | 4.102 GBP |
10p Ordinary | CFD
| Short | 92658 | 4.09925 GBP |
10p Ordinary | CFD
| Short | 11924 | 4.06609024 GBP |
10p Ordinary | CFD
| Short | 968910 | 4.09751173 GBP |
10p Ordinary | CFD
| Short | 1152466 | 4.1 GBP |
10p Ordinary | CFD
| Short | 23282 | 4.093856 GBP |
10p Ordinary | CFD
| Short | 21001 | 4.097919 GBP |
10p Ordinary | CFD
| Short | 1786 | 4.09377044 GBP |
10p Ordinary | CFD
| Short | 6416 | 4.094817 GBP |
10p Ordinary | CFD
| Short | 1 | 4.101 GBP |
10p Ordinary | CFD
| Short | 3883 | 4.096353 GBP |
10p Ordinary | CFD
| Short | 140902 | 4.09447087 GBP |
10p Ordinary | CFD
| Short | 6190 | 4.09085 GBP |
10p Ordinary | CFD
| Short | 19743 | 4.09481376 GBP |
10p Ordinary | CFD
| Short | 4151 | 4.084913 GBP |
10p Ordinary | CFD
| Short | 450 | 4.092 GBP |
10p Ordinary | CFD
| Short | 8241 | 5.178669 USD |
10p Ordinary | CFD
| Short | 7158 | 4.09283319362951 GBP |
10p Ordinary | CFD
| Short | 1299 | 4.07452194 GBP |
10p Ordinary | CFD
| Short | 10645 | 4.09814758 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: | 08 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.