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

Released : Feb 12, 2024

RNS Number : 8347C
JPMorgan Securities Plc
12 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:

9 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

2,633,574

 

2,812,142

3.1880 GBP

 

3.1890 GBP

3.0600 GBP

 

3.0540 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

 

 

 

 

 

 

 

1,577

69,612

12,444

3,044

80,400

1,591

54,741

419

1,256

42,965

2,058

21,042

8,327

4,013

 

11,496

125,953

9,824

1,380

802

76,855

1,310

5,773

9,586

2,858

290,468

2,571

45,519

283

10,000

5,632

1,599

 

555

360,003

69

195,781

9,041

84,717

70,244

20,314

 

2,855

104

5,773

64,709

6,375

1,599

50

 

24,614

48

9,949

63,143

28,406

18,494

5,351

9,998

9,132

9,084

1,000

1,374

342

3,627

24,934

1,615

257,518

 

 

17,178

21,368

9,254

432,051

3,372

245,665

417,113

2

3.0856 GBP

3.0860 GBP

3.1200 GBP

3.1344 GBP

3.1387 GBP

3.1448 GBP

3.1493 GBP

3.1500 GBP

3.1508 GBP

3.1513 GBP

3.1533 GBP

3.1592 GBP

3.1621 GBP

3.1625 GBP

 

3.1042 GBP

3.1124 GBP

3.1202 GBP

3.1282 GBP

3.1322 GBP

3.1410 GBP

3.1448 GBP

3.1449 GBP

3.1514 GBP

3.1525 GBP

3.1565 GBP

3.1587 GBP

3.1611 GBP

3.1618 GBP

3.1658 GBP

3.1691 GBP

3.1755 GBP

 

3.0899 GBP

3.1090 GBP

3.1189 GBP

3.1229 GBP

3.1411 GBP

3.1524 GBP

3.1592 GBP

3.1608 GBP

 

3.0938 GBP

3.1253 GBP

3.1449 GBP

3.1549 GBP

3.1620 GBP

3.1755 GBP

3.1830 GBP

 

3.0835 GBP

3.1294 GBP

3.1340 GBP

3.1388 GBP

3.1433 GBP

3.1449 GBP

3.1451 GBP

3.1487 GBP

3.1504 GBP

3.1507 GBP

3.1509 GBP

3.1527 GBP

3.1530 GBP

3.1533 GBP

3.1550 GBP

3.1618 GBP

3.1620 GBP

 

 

3.1243 GBP

3.1417 GBP

3.1442 GBP

3.1464 GBP

3.1502 GBP

3.1618 GBP

3.1620 GBP

3.1672 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:

12 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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