Form 8.5 (EPT/RI)-Smith (DS) plc

Released : Feb 09, 2024

RNS Number : 6774C
JPMorgan Securities Plc
09 February 2024
 

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:

8 February 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

 

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

2,271,575

 

2,208,247

3.2380 GBP

 

3.2510 GBP

2.8040 GBP

 

2.8400 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

 

 

 

 

 

 

 

 

 

 

19,959

2,143

10,633

32,921

250,000

787,314

179,000

250,000

250,000

250,000

195,971

3,019

113,718

21,285

82,412

57,929

168,328

2,678

714

6,682

47

68

3,773

500,000

1

140,313

69,377

500,000

266,442

756,499

127,158

883,242

352,518

100,000

 

27,394

37,755

2,881

683

13,477

1,768

23,009

300

172,606

22,749

135,636

7,333

2,122

10,471

4,201

88,046

58,357

452

889,804

36

37,938

176,157

365

13,544

70,000

2,749

141

2,656

911

9,552

6,146

548

27

100,000

547

50,000

100,000

50,000

 

1

31,826

7,570

2,678

25,531

17,061

16,973

75,534

190,271

2,582

152,056

1

 

4,529

238

2,519

643

3,780

1,960

545

14,010

111,669

7,917

8,707

7,497

5,358

39,428

1,854

11,107

68

199,938

17,128

5,100

16,051

282

2,749

548

457

6,827

255,655

90

145

 

25,000

15,600

354,587

 

 

32,225

100,000

250,000

6,883

3,600

12,000

500,000

655,894

354,587

25,000

987,223

2.8110 GBP

2.9204 GBP

2.9232 GBP

2.9408 GBP

2.9548 GBP

2.9623 GBP

2.9638 GBP

2.9698 GBP

2.9808 GBP

2.9818 GBP

3.0864 GBP

3.0865 GBP

3.0879 GBP

3.0885 GBP

3.0926 GBP

3.0933 GBP

3.0970 GBP

3.1004 GBP

3.1050 GBP

3.1094 GBP

3.1101 GBP

3.1113 GBP

3.1116 GBP

3.1195 GBP

3.1200 GBP

3.1222 GBP

3.1314 GBP

3.1356 GBP

3.1364 GBP

3.1388 GBP

3.1426 GBP

3.1866 GBP

3.1873 GBP

3.2319 GBP

 

2.8574 GBP

2.9238 GBP

2.9267 GBP

2.9298 GBP

2.9484 GBP

2.9566 GBP

2.9584 GBP

2.9600 GBP

2.9688 GBP

2.9755 GBP

2.9821 GBP

2.9903 GBP

3.0247 GBP

3.0373 GBP

3.0518 GBP

3.0565 GBP

3.0757 GBP

3.0802 GBP

3.0820 GBP

3.0858 GBP

3.0859 GBP

3.0860 GBP

3.0898 GBP

3.0990 GBP

3.1011 GBP

3.1045 GBP

3.1057 GBP

3.1190 GBP

3.1243 GBP

3.1258 GBP

3.1262 GBP

3.1277 GBP

3.1300 GBP

3.1433 GBP

3.1450 GBP

3.1917 GBP

3.2043 GBP

3.2185 GBP

 

2.8890 GBP

3.0722 GBP

3.0782 GBP

3.0860 GBP

3.0949 GBP

3.0972 GBP

3.0997 GBP

3.1050 GBP

3.1168 GBP

3.1304 GBP

3.1383 GBP

3.1404 GBP

 

2.8485 GBP

2.8510 GBP

2.8533 GBP

2.9010 GBP

2.9148 GBP

2.9217 GBP

2.9278 GBP

2.9365 GBP

2.9438 GBP

2.9448 GBP

2.9594 GBP

2.9677 GBP

3.0230 GBP

3.0424 GBP

3.0468 GBP

3.0645 GBP

3.0667 GBP

3.0860 GBP

3.0861 GBP

3.0891 GBP

3.0953 GBP

3.1019 GBP

3.1045 GBP

3.1277 GBP

3.1291 GBP

3.1317 GBP

3.1354 GBP

3.1361 GBP

3.1418 GBP

 

3.0997 GBP

3.1193 GBP

3.1347 GBP

 

 

2.8510 GBP

3.0905 GBP

3.0995 GBP

3.1000 GBP

3.1064 GBP

3.1132 GBP

3.1202 GBP

3.1279 GBP

3.1433 GBP

3.1497 GBP

3.1605 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

 

 

 

 

 

 

 

(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)

 

 

 

 

 

 

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

 

 

 

(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:

9 February 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.

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