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

Released : Feb 22, 2024

RNS Number : 1243E
JPMorgan Securities Plc
22 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:

21 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

1,202,884

 

694,882

3.2376 GBP

 

3.2435 GBP

3.1901 GBP

 

3.1960 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

 

76

8,696

139

73,041

11,829

6,873

1,554

109,236

836

260

1,462

8,698

46,229

5,611

112

74,598

37,094

 

7,270

26

1,069

124,389

4,760

44,567

790

2,338

1,634

12,833

11,459

380

1,209

1,473

5

 

4,931

16,336

185,692

868

1,589

 

91,561

1,148

2,734

26,219

13,782

6,130

9,643

5,430

2,460

12,368

2,475

14,434

42,687

708

7,511

14,258

655

 

3,991

 

 

38,502

206,400

3.1901 GBP

3.2001 GBP

3.2003 GBP

3.2014 GBP

3.2016 GBP

3.2017 GBP

3.2024 GBP

3.2037 GBP

3.2038 GBP

3.2053 GBP

3.2054 GBP

3.2057 GBP

3.2080 GBP

3.2126 GBP

3.2143 GBP

3.2176 GBP

3.2377 GBP

 

3.1984 GBP

3.1990 GBP

3.1998 GBP

3.2000 GBP

3.2008 GBP

3.2047 GBP

3.2052 GBP

3.2070 GBP

3.2092 GBP

3.2102 GBP

3.2105 GBP

3.2157 GBP

3.2198 GBP

3.2245 GBP

3.2259 GBP

 

3.2000 GBP

3.2002 GBP

3.2003 GBP

3.2008 GBP

3.2062 GBP

 

3.1919 GBP

3.1983 GBP

3.1992 GBP

3.1999 GBP

3.2000 GBP

3.2001 GBP

3.2002 GBP

3.2005 GBP

3.2020 GBP

3.2022 GBP

3.2025 GBP

3.2049 GBP

3.2056 GBP

3.2061 GBP

3.2075 GBP

3.2086 GBP

3.2430 GBP

 

3.2013 GBP

 

 

3.2006 GBP

3.2110 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:

22 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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