Last checked at 5 Apr 2024 11:24
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: | 4 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, 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 | 3,662,817
3,175,837 | 4.1420 GBP
4.1320 GBP | 4.0103 GBP
4.0020 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
| 6,396 5,407 4,680 1,598 2,493 69,522 48,700 20,239 508 2,038 2,661 28,610 376
27,806 5,617 2,459 5,877 2,359 53 7,641 45,294 140,000 29,396 45,481 16,646 100 9,582 200,000
1,856 2,870 10,833 32,686 37,518 10,245 13,067 24,232 40,932 14,427 969 13,385 18,684 9,853 10,914 1,749 1,499 430
2,772 33,200 599 2,725 27,687 101,280 21,859 10,682 180,000 15,455 1,268 274
10,000 9,000 20,000
30,000 9,000 25,000 | 4.0166 GBP 4.0173 GBP 4.0197 GBP 4.0230 GBP 4.0253 GBP 4.0356 GBP 4.0415 GBP 4.0541 GBP 4.0549 GBP 4.0652 GBP 4.1060 GBP 4.1080 GBP 4.1086 GBP
4.0625 GBP 4.0774 GBP 4.0777 GBP 4.0795 GBP 4.0798 GBP 4.0846 GBP 4.0965 GBP 4.1024 GBP 4.1051 GBP 4.1085 GBP 4.1114 GBP 4.1199 GBP 4.1200 GBP 4.1206 GBP 5.1921 GBP
4.0180 GBP 4.0505 GBP 4.0692 GBP 4.0747 GBP 4.0790 GBP 4.0884 GBP 4.0931 GBP 4.0966 GBP 4.1047 GBP 4.1063 GBP 4.1074 GBP 4.1079 GBP 4.1080 GBP 4.1100 GBP 4.1178 GBP 4.1180 GBP 4.1219 GBP 4.1300 GBP
4.0632 GBP 4.0634 GBP 4.0762 GBP 4.0807 GBP 4.0871 GBP 4.0921 GBP 4.0927 GBP 4.0948 GBP 4.1057 GBP 4.1110 GBP 4.1120 GBP 4.1300 GBP
4.0580 GBP 4.0680 GBP 4.0729 GBP
4.0274 GBP 4.0295 GBP 4.0794 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: | 5 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.