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
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(a) Name of exempt principal trader:
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J.P. Morgan Securities Plc
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
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Smith (DS) plc
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(c) Name of the party to the offer with which exempt principal trader is connected:
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Corporate broker to Smith (DS) plc
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(d) Date dealing undertaken:
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4 March 2024
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(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"
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Yes, Mondi plc
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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
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Class of relevant security
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Purchases/ sales
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Total number of securities
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Highest price per unit paid/received
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Lowest price per unit paid/received
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10p ordinary
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Purchase
Sale
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731,530
1,256,075
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3.3200 GBP
3.3240 GBP
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3.2150 GBP
3.2130 GBP
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(b) Cash-settled derivative transactions
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Class of relevant security
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Product description
e.g. CFD
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Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
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Number of reference securities
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Price per unit
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10p ordinary
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Equity Swap
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Decrease Long
Decrease Short
Increase Long
Increase Short
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1,789
307
19,713
20,761
3,675
134,692
1,450
50,129
23,145
1,385
109,448
27
12,758
9
17,945
303,909
4,271
5,365
13
3,792
197
44
3,957
10,120
352
272,703
855
7,000
9,606
3,199
922
1,252
83,554
12,672
28,805
3,231
38,334
4,358
115,588
545
539
391
951
4,268
3,273
25,008
6,347
28,000
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3.2170 GBP
3.2197 GBP
3.2208 GBP
3.2210 GBP
3.2211 GBP
3.2212 GBP
3.2227 GBP
3.2236 GBP
3.2362 GBP
3.2410 GBP
3.2452 GBP
3.2480 GBP
3.2510 GBP
3.2541 GBP
3.2628 GBP
3.2210 GBP
3.2248 GBP
3.2301 GBP
3.2329 GBP
3.2333 GBP
3.2415 GBP
3.2418 GBP
3.2443 GBP
3.2641 GBP
3.2711 GBP
3.2724 GBP
3.2767 GBP
3.2798 GBP
3.2804 GBP
3.2876 GBP
3.2200 GBP
3.2205 GBP
3.2210 GBP
3.2546 GBP
3.2547 GBP
3.2576 GBP
3.2651 GBP
3.2739 GBP
3.2743 GBP
3.2880 GBP
3.2889 GBP
3.2900 GBP
3.2902 GBP
3.2913 GBP
3.2959 GBP
3.3018 GBP
3.2313 GBP
3.2320 GBP
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(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
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Class of relevant security
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Product description e.g. call option
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Writing, purchasing, selling, varying etc.
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Number of securities to which option relates
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Exercise price per unit
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Type
e.g. American, European etc.
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Expiry date
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Option money paid/ received per unit
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(ii) Exercise
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Class of relevant security
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Product description
e.g. call option
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Exercising/ exercised against
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Number of securities
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Exercise price per unit
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(d) Other dealings (including subscribing for new securities)
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Class of relevant security
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Nature of dealing
e.g. subscription, conversion
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Details
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Price per unit (if applicable)
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3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
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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"
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None
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(b) Agreements, arrangements or understandings relating to options or derivatives
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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"
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None
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Date of disclosure:
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5 March 2024
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Contact name:
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Natasha Mondon
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Telephone number:
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01202 325175
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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.