Last checked at 4 Apr 2024 11:17
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: | 03 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
| 2440342 | 4.02606 GBP | 3.95700 GBP |
10p Ordinary | Sell
| 3223421 | 4.03000 GBP | 3.95700 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 | 675000 | 3.969632 GBP |
10p Ordinary | CFD
| Long | 3721 | 4.016 GBP |
10p Ordinary | CFD
| Long | 11103 | 3.99933706042511 GBP |
10p Ordinary | CFD
| Long | 38712 | 4.026 GBP |
10p Ordinary | CFD
| Long | 113100 | 4.00433669319187 GBP |
10p Ordinary | CFD
| Long | 5200 | 3.96972115384615 GBP |
10p Ordinary | CFD
| Long | 11833 | 3.98549024 GBP |
10p Ordinary | CFD
| Long | 13685 | 3.9881605 GBP |
10p Ordinary | CFD
| Long | 21860 | 4.00908874 GBP |
10p Ordinary | CFD
| Long | 144640 | 3.994821 GBP |
10p Ordinary | CFD
| Long | 660 | 4.025803 GBP |
10p Ordinary | CFD
| Long | 1394 | 3.9949542 GBP |
10p Ordinary | CFD
| Long | 5956 | 3.995112 GBP |
10p Ordinary | CFD
| Long | 4679 | 4.02594967 GBP |
10p Ordinary | CFD
| Long | 511 | 3.987 GBP |
10p Ordinary | CFD
| Long | 3647 | 4.01145 GBP |
10p Ordinary | CFD
| Long | 7069 | 3.997542 GBP |
10p Ordinary | CFD
| Long | 5249 | 3.979066 GBP |
10p Ordinary | CFD
| Long | 60000 | 4.003196 GBP |
10p Ordinary | CFD
| Long | 6089 | 4.0218525209394 GBP |
10p Ordinary | CFD
| Long | 1689 | 4.004 GBP |
10p Ordinary | CFD
| Long | 342853 | 4.006751 GBP |
10p Ordinary | CFD
| Long | 2000 | 3.998 GBP |
10p Ordinary | CFD
| Long | 6703 | 3.986 GBP |
10p Ordinary | CFD
| Long | 1344 | 3.972 GBP |
10p Ordinary | CFD
| Long | 2488 | 3.965 GBP |
10p Ordinary | CFD
| Long | 2114 | 3.962 GBP |
10p Ordinary | CFD
| Long | 2503 | 3.958 GBP |
10p Ordinary | CFD
| Long | 2922 | 3.961 GBP |
10p Ordinary | CFD
| Long | 1198 | 3.96 GBP |
10p Ordinary | CFD
| Long | 2000 | 4.024 GBP |
10p Ordinary | CFD
| Long | 269548 | 3.999335 GBP |
10p Ordinary | CFD
| Long | 2781046 | 3.95 GBP |
10p Ordinary | CFD
| Long | 680000 | 4.001504 GBP |
10p Ordinary | CFD
| Short | 12517 | 3.99991851 GBP |
10p Ordinary | CFD
| Short | 4990 | 4.011 GBP |
10p Ordinary | CFD
| Short | 1002078 | 3.99132467 GBP |
10p Ordinary | CFD
| Short | 14432 | 4.02240336341463 GBP |
10p Ordinary | CFD
| Short | 2781046 | 3.95 GBP |
10p Ordinary | CFD
| Short | 10636 | 4.003263 GBP |
10p Ordinary | CFD
| Short | 27489 | 4.026 GBP |
10p Ordinary | CFD
| Short | 10852 | 4.000064 GBP |
10p Ordinary | CFD
| Short | 1259 | 4.004 GBP |
10p Ordinary | CFD
| Short | 3191 | 4.0097732 GBP |
10p Ordinary | CFD
| Short | 1680 | 3.97257738 GBP |
10p Ordinary | CFD
| Short | 1645 | 3.97204965 GBP |
10p Ordinary | CFD
| Short | 46731 | 3.968904 GBP |
10p Ordinary | CFD
| Short | 17613 | 3.982447 GBP |
10p Ordinary | CFD
| Short | 23418 | 3.996984 GBP |
10p Ordinary | CFD
| Short | 10933 | 4.0255054 GBP |
10p Ordinary | CFD
| Short | 91452 | 3.99991876 GBP |
10p Ordinary | CFD
| Short | 46031 | 3.99991875 GBP |
10p Ordinary | CFD
| Short | 41114 | 4.025085 GBP |
10p Ordinary | CFD
| Short | 33855 | 4.009205 GBP |
10p Ordinary | CFD
| Short | 6180 | 3.98844174757282 GBP |
10p Ordinary | CFD
| Short | 11979 | 4.006585 GBP |
10p Ordinary | CFD
| Short | 3802 | 4.002 GBP |
10p Ordinary | CFD
| Short | 84066 | 4.000957 GBP |
10p Ordinary | CFD
| Short | 2860 | 3.998 GBP |
10p Ordinary | CFD
| Short | 1600 | 4.01 GBP |
10p Ordinary | CFD
| Short | 910 | 4.008 GBP |
10p Ordinary | CFD
| Short | 50000 | 3.975 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: | 04 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.