Last checked at 21 Mar 2024 11:36
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: | 20 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
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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
| 2726281 | 3.44699 GBP | 3.36320 GBP |
10p Ordinary | Sell
| 1398662 | 3.45101 GBP | 3.40688 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 | 9700 | 3.44091958762887 GBP |
10p Ordinary | CFD
| Long | 960 | 3.442 GBP |
10p Ordinary | CFD
| Long | 3015 | 3.436488 GBP |
10p Ordinary | CFD
| Long | 87 | 3.44206896551724 GBP |
10p Ordinary | CFD
| Long | 3604 | 3.426904 GBP |
10p Ordinary | CFD
| Long | 2208 | 3.426114 GBP |
10p Ordinary | CFD
| Long | 1157 | 3.42651685393258 GBP |
10p Ordinary | CFD
| Long | 581 | 3.43 GBP |
10p Ordinary | CFD
| Long | 18322 | 3.435 GBP |
10p Ordinary | CFD
| Long | 2059 | 3.4223 GBP |
10p Ordinary | CFD
| Long | 4472 | 3.4328794 GBP |
10p Ordinary | CFD
| Long | 40943 | 3.435119 GBP |
10p Ordinary | CFD
| Long | 24 | 3.43820833 GBP |
10p Ordinary | CFD
| Long | 2676 | 3.42896282 GBP |
10p Ordinary | CFD
| Long | 18542 | 3.434828 GBP |
10p Ordinary | CFD
| Long | 378 | 3.434815 GBP |
10p Ordinary | CFD
| Long | 91818 | 3.437716 GBP |
10p Ordinary | CFD
| Long | 6777 | 3.4418534 GBP |
10p Ordinary | CFD
| Long | 33004 | 3.434885 GBP |
10p Ordinary | CFD
| Long | 2828 | 3.426676 GBP |
10p Ordinary | CFD
| Long | 1955 | 3.42972695 GBP |
10p Ordinary | CFD
| Long | 176 | 3.44255682 GBP |
10p Ordinary | CFD
| Short | 8740 | 3.4334 GBP |
10p Ordinary | CFD
| Short | 2173 | 3.43479811 GBP |
10p Ordinary | CFD
| Short | 46515 | 3.4462 GBP |
10p Ordinary | CFD
| Short | 140862 | 3.42070026 GBP |
10p Ordinary | CFD
| Short | 200000 | 3.436297 GBP |
10p Ordinary | CFD
| Short | 50000 | 3.437748 GBP |
10p Ordinary | CFD
| Short | 26300 | 3.42246235741445 GBP |
10p Ordinary | CFD
| Short | 100 | 3.443 GBP |
10p Ordinary | CFD
| Short | 64783 | 3.4234535932 GBP |
10p Ordinary | CFD
| Short | 50000 | 3.4236736 GBP |
10p Ordinary | CFD
| Short | 1307 | 3.43797322 GBP |
10p Ordinary | CFD
| Short | 220783 | 3.435 GBP |
10p Ordinary | CFD
| Short | 1371 | 3.437344 GBP |
10p Ordinary | CFD
| Short | 5772 | 3.3634 GBP |
10p Ordinary | CFD
| Short | 57802 | 3.3834 GBP |
10p Ordinary | CFD
| Short | 16169 | 4.37100129878162 USD |
10p Ordinary | CFD
| Short | 165241 | 3.43654418 GBP |
10p Ordinary | CFD
| Short | 994 | 3.436225 GBP |
10p Ordinary | CFD
| Short | 1003 | 3.435823 GBP |
10p Ordinary | CFD
| Short | 1913 | 3.44435964453738 GBP |
10p Ordinary | CFD
| Short | 6606 | 3.431506 GBP |
10p Ordinary | CFD
| Short | 15016 | 3.43952117741076 GBP |
10p Ordinary | CFD
| Short | 7090 | 3.442178 GBP |
10p Ordinary | CFD
| Short | 200000 | 3.432 GBP |
10p Ordinary | CFD
| Short | 370370 | 3.36328183 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: | 21 March 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.