Last checked at 7 Mar 2024 17:06
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: | 06 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
| 6643980 | 3.22400 GBP | 3.15798 GBP |
10p Ordinary | Sell
| 12001082 | 3.22400 GBP | 3.15736 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 | 2067 | 3.18241534 GBP |
10p Ordinary | CFD
| Long | 21661 | 3.1729537 GBP |
10p Ordinary | CFD
| Long | 2560157 | 3.158 GBP |
10p Ordinary | CFD
| Long | 11276 | 3.188697 GBP |
10p Ordinary | CFD
| Long | 8772 | 3.176575 GBP |
10p Ordinary | CFD
| Long | 27888 | 3.20746918 GBP |
10p Ordinary | CFD
| Long | 18440 | 3.1735555 GBP |
10p Ordinary | CFD
| Long | 50 | 3.194 GBP |
10p Ordinary | CFD
| Long | 5259 | 3.202076 GBP |
10p Ordinary | CFD
| Long | 465 | 3.19077312 GBP |
10p Ordinary | CFD
| Long | 8266 | 3.195621 GBP |
10p Ordinary | CFD
| Long | 373 | 3.187 GBP |
10p Ordinary | CFD
| Long | 75000 | 3.2171 GBP |
10p Ordinary | CFD
| Long | 29995 | 3.18526 GBP |
10p Ordinary | CFD
| Long | 3214 | 3.179 GBP |
10p Ordinary | CFD
| Long | 20000 | 3.18153343 GBP |
10p Ordinary | CFD
| Long | 24302 | 3.21135 GBP |
10p Ordinary | CFD
| Long | 1348 | 3.17907270029674 GBP |
10p Ordinary | CFD
| Long | 15344 | 3.15736835245047 GBP |
10p Ordinary | CFD
| Long | 2781046 | 3.216 GBP |
10p Ordinary | CFD
| Short | 11070 | 3.1833 GBP |
10p Ordinary | CFD
| Short | 79400 | 3.21063702770781 GBP |
10p Ordinary | CFD
| Short | 10136 | 3.20589818 GBP |
10p Ordinary | CFD
| Short | 11742 | 3.2085088 GBP |
10p Ordinary | CFD
| Short | 11237 | 3.201598 GBP |
10p Ordinary | CFD
| Short | 1400 | 3.158157 GBP |
10p Ordinary | CFD
| Short | 331 | 3.216163 GBP |
10p Ordinary | CFD
| Short | 1757 | 3.1904262 GBP |
10p Ordinary | CFD
| Short | 13944 | 3.19070953 GBP |
10p Ordinary | CFD
| Short | 13944 | 3.19126762 GBP |
10p Ordinary | CFD
| Short | 2458 | 3.21461585 GBP |
10p Ordinary | CFD
| Short | 1621 | 3.207872 GBP |
10p Ordinary | CFD
| Short | 35135 | 3.158 GBP |
10p Ordinary | CFD
| Short | 3805 | 4.02588156 USD |
10p Ordinary | CFD
| Short | 5852 | 3.2175 GBP |
10p Ordinary | CFD
| Short | 4621 | 3.2225 GBP |
10p Ordinary | CFD
| Short | 821 | 3.218 GBP |
10p Ordinary | CFD
| Short | 5650 | 3.221 GBP |
10p Ordinary | CFD
| Short | 4875 | 3.223722 GBP |
10p Ordinary | CFD
| Short | 58250 | 3.217934 GBP |
10p Ordinary | CFD
| Short | 3270 | 3.194 GBP |
10p Ordinary | CFD
| Short | 1940 | 3.1975 GBP |
10p Ordinary | CFD
| Short | 1259 | 3.196 GBP |
10p Ordinary | CFD
| Short | 2049 | 3.19551 GBP |
10p Ordinary | CFD
| Short | 24794 | 3.16098851 GBP |
10p Ordinary | CFD
| Short | 26172 | 3.1890329359621 GBP |
10p Ordinary | CFD
| Short | 3041 | 3.21766585 GBP |
10p Ordinary | CFD
| Short | 216 | 3.199 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: | 07 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.