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

Released : Feb 15, 2024

RNS Number : 2990D
JPMorgan Securities Plc
15 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:

14 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

1,467,748

 

2,010,397

3.2090 GBP

 

3.2220 GBP

3.1710 GBP

 

3.1660 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

 

 

 

 

2

21,167

1

6

13

3

6,484

4,737

69

13

17,061

55,753

51,891

16,043

42,332

3,808

8,024

3,630

3,847

12,219

16,290

28,843

5,214

61

34,416

81

376

6,396

 

640

254,311

17,023

3,849

54,063

161

112

118,820

 

4

4,704

49,040

147,313

3,630

3,933

39,555

16,432

75,278

15

4,724

39,339

1,740

2,323

4,217

376

18,679

2

872

69,187

6,772

4,634

 

30,725

932

31,164

444

192

3.1764 GBP

3.1780 GBP

3.1795 GBP

3.1809 GBP

3.1810 GBP

3.1814 GBP

3.1837 GBP

3.1844 GBP

3.1853 GBP

3.1862 GBP

3.1870 GBP

3.1885 GBP

3.1889 GBP

3.1892 GBP

3.1898 GBP

3.1905 GBP

3.1906 GBP

3.1910 GBP

3.1911 GBP

3.1917 GBP

3.1939 GBP

3.1946 GBP

3.1957 GBP

3.1959 GBP

3.1962 GBP

3.2000 GBP

3.2015 GBP

3.2070 GBP

 

3.1720 GBP

3.1871 GBP

3.1907 GBP

3.1908 GBP

3.1910 GBP

3.1912 GBP

3.1913 GBP

3.1978 GBP

 

3.1722 GBP

3.1759 GBP

3.1805 GBP

3.1873 GBP

3.1876 GBP

3.1879 GBP

3.1894 GBP

3.1907 GBP

3.1910 GBP

3.1914 GBP

3.1918 GBP

3.1920 GBP

3.1955 GBP

3.1963 GBP

3.1997 GBP

3.2015 GBP

3.2020 GBP

3.2034 GBP

3.2042 GBP

3.2070 GBP

3.2090 GBP

3.2160 GBP

 

3.1910 GBP

3.1937 GBP

3.1967 GBP

3.2001 GBP

3.2030 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:

15 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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