Last checked at 2 Apr 2024 10:07
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: | 28 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 & International Paper Company |
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 | 8,033,480
6,510,594 | 4.0030 GBP
4.0026 GBP | 3.9435 GBP
3.9480 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
Opening a Long Position
Opening a Short Position
| 145,935 262,883 193,853 29,021 32,268 41,087 62,722
11,178 1,715 623,110 131,716 4,189 33,349 37,863 112,094 10,597 13,664 819,121
14,129 788 295
28,072 523 887,605 18,563 954 13,084 162,615 8,692 17,941 3,500 67,140 245,632
221 5,656 546,748 41,022 3,625 1,446 2,193 38,749 25,152 45,654 15,064 2,107 29,250 747 1,718
2,982 29 396 516 463 24,090 643,748 87,128 | 3.9606 GBP 3.9619 GBP 3.9671 GBP 3.9681 GBP 3.9700 GBP 3.9750 GBP 3.9849 GBP
3.9551 GBP 3.9634 GBP 3.9670 GBP 3.9687 GBP 3.9696 GBP 3.9720 GBP 3.9732 GBP 3.9746 GBP 3.9789 GBP 3.9854 GBP 5.0230 GBP
3.9837 GBP 3.9929 GBP 4.0019 GBP
3.9509 GBP 3.9564 GBP 3.9568 GBP 3.9695 GBP 3.9729 GBP 3.9730 GBP 3.9731 GBP 3.9738 GBP 3.9754 GBP 3.9760 GBP 3.9770 GBP 3.9868 GBP
3.9590 GBP 3.9669 GBP 3.9670 GBP 3.9678 GBP 3.9697 GBP 3.9723 GBP 3.9726 GBP 3.9765 GBP 3.9789 GBP 3.9801 GBP 3.9899 GBP 3.9901 GBP 3.9958 GBP 3.9980 GBP 3.9996 GBP
3.9415 GBP 3.9530 GBP 3.9549 GBP 3.9550 GBP 3.9558 GBP 3.9560 GBP 3.9670 GBP 3.9672 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: | 2 April 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.