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

Released : Feb 23, 2024

RNS Number : 2988E
JPMorgan Securities Plc
23 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:

22 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

2,063,854

 

1,387,780

3.2570 GBP

 

3.2620 GBP

3.2030 GBP

 

3.2140 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 Short Position

5,639

9,102

27,797

10,771

8,006

167,240

3

147,795

135

68

605

930

1,511

526

10,846

22

10

80

1,166

 

55,865

3,072

9,960

454

14,968

3,502

7,156

3,035

11,132

11,644

10,581

5,396

12,615

978

1,124

1,465

1,421

158,479

26,694

1,043

2,491

858

3,157

 

36,220

1,314

605

277

34,308

2,955

 

1,750

2,092

33,681

1,800

3,134

70,436

114,338

53,389

2,083

27,119

9,898

3,898

4,703

50

100,000

80,376

86,269

88

59,000

 

3,000

3.2168 GBP

3.2191 GBP

3.2207 GBP

3.2216 GBP

3.2296 GBP

3.2304 GBP

3.2333 GBP

3.2345 GBP

3.2412 GBP

3.2413 GBP

3.2450 GBP

3.2451 GBP

3.2454 GBP

3.2458 GBP

3.2460 GBP

3.2463 GBP

3.2464 GBP

3.2481 GBP

3.2482 GBP

 

3.2292 GBP

3.2329 GBP

3.2371 GBP

3.2388 GBP

3.2404 GBP

3.2407 GBP

3.2410 GBP

3.2411 GBP

3.2416 GBP

3.2417 GBP

3.2427 GBP

3.2428 GBP

3.2431 GBP

3.2435 GBP

3.2442 GBP

3.2445 GBP

3.2448 GBP

3.2450 GBP

3.2451 GBP

3.2478 GBP

3.2485 GBP

3.2501 GBP

3.2504 GBP

 

3.2350 GBP

3.2381 GBP

3.2421 GBP

3.2422 GBP

3.2428 GBP

3.2464 GBP

 

3.2076 GBP

3.2100 GBP

3.2164 GBP

3.2182 GBP

3.2187 GBP

3.2191 GBP

3.2192 GBP

3.2246 GBP

3.2257 GBP

3.2264 GBP

3.2278 GBP

3.2320 GBP

3.2341 GBP

3.2442 GBP

3.2443 GBP

3.2450 GBP

3.2452 GBP

3.2469 GBP

3.2499 GBP

 

3.2325 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:

23 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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