Last checked at 22 Mar 2024 11:37
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: | 21 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
| 8117748 | 3.51000 GBP | 3.43145 GBP |
10p Ordinary | Sell
| 4546611 | 3.51000 GBP | 3.47100 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 | 1110 | 3.492 GBP |
10p Ordinary | CFD
| Long | 2872 | 3.493 GBP |
10p Ordinary | CFD
| Long | 3689 | 3.49 GBP |
10p Ordinary | CFD
| Long | 874 | 3.474 GBP |
10p Ordinary | CFD
| Long | 4051 | 3.473 GBP |
10p Ordinary | CFD
| Long | 6001 | 3.472 GBP |
10p Ordinary | CFD
| Long | 1628 | 3.498 GBP |
10p Ordinary | CFD
| Long | 3006 | 3.499 GBP |
10p Ordinary | CFD
| Long | 1070 | 3.486 GBP |
10p Ordinary | CFD
| Long | 2290 | 3.485 GBP |
10p Ordinary | CFD
| Long | 547 | 3.48687203 GBP |
10p Ordinary | CFD
| Long | 1693 | 3.4914259 GBP |
10p Ordinary | CFD
| Long | 42145 | 3.497117 GBP |
10p Ordinary | CFD
| Long | 409 | 3.49426039 GBP |
10p Ordinary | CFD
| Long | 200 | 3.48885 GBP |
10p Ordinary | CFD
| Long | 286 | 3.4960385 GBP |
10p Ordinary | CFD
| Long | 79654 | 3.492571 GBP |
10p Ordinary | CFD
| Long | 13685 | 3.490583 GBP |
10p Ordinary | CFD
| Long | 17752 | 3.4907936 GBP |
10p Ordinary | CFD
| Long | 9995 | 3.48247324 GBP |
10p Ordinary | CFD
| Long | 368 | 3.497364 GBP |
10p Ordinary | CFD
| Long | 1550 | 3.498677 GBP |
10p Ordinary | CFD
| Long | 2823 | 3.480503 GBP |
10p Ordinary | CFD
| Long | 60016 | 3.489 GBP |
10p Ordinary | CFD
| Long | 2800 | 3.471 GBP |
10p Ordinary | CFD
| Long | 1405 | 3.487 GBP |
10p Ordinary | CFD
| Long | 34147 | 3.484178 GBP |
10p Ordinary | CFD
| Long | 4050 | 3.48031358024691 GBP |
10p Ordinary | CFD
| Long | 4682 | 3.48701409653994 GBP |
10p Ordinary | CFD
| Long | 38668 | 3.48676993896762 GBP |
10p Ordinary | CFD
| Long | 2897 | 3.49540904383845 GBP |
10p Ordinary | CFD
| Long | 4000 | 3.499049715 GBP |
10p Ordinary | CFD
| Long | 4977 | 3.499215 GBP |
10p Ordinary | CFD
| Short | 290000 | 3.498937 GBP |
10p Ordinary | CFD
| Short | 370376 | 3.43145541 GBP |
10p Ordinary | CFD
| Short | 1750000 | 3.499143 GBP |
10p Ordinary | CFD
| Short | 124226 | 3.49649848 GBP |
10p Ordinary | CFD
| Short | 108415 | 3.4965 GBP |
10p Ordinary | CFD
| Short | 128115 | 3.489 GBP |
10p Ordinary | CFD
| Short | 760 | 3.47754079 GBP |
10p Ordinary | CFD
| Short | 374 | 3.496618 GBP |
10p Ordinary | CFD
| Short | 44 | 3.468 GBP |
10p Ordinary | CFD
| Short | 42182 | 3.493129 GBP |
10p Ordinary | CFD
| Short | 261 | 3.488138 GBP |
10p Ordinary | CFD
| Short | 2657 | 3.485551 GBP |
10p Ordinary | CFD
| Short | 116 | 3.47504344 GBP |
10p Ordinary | CFD
| Short | 100000 | 3.48866342 GBP |
10p Ordinary | CFD
| Short | 556 | 3.49123 GBP |
10p Ordinary | CFD
| Short | 582 | 3.494102 GBP |
10p Ordinary | CFD
| Short | 253 | 3.500758 GBP |
10p Ordinary | CFD
| Short | 4099 | 3.48716516223469 GBP |
10p Ordinary | CFD
| Short | 68895 | 3.49737412 GBP |
10p Ordinary | CFD
| Short | 63 | 3.4932 GBP |
10p Ordinary | CFD
| Short | 2978 | 3.499 GBP |
10p Ordinary | CFD
| Short | 6328 | 3.49809 GBP |
10p Ordinary | CFD
| Short | 500000 | 3.49329 GBP |
10p Ordinary | CFD
| Short | 500000 | 3.443596 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: | 22 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.