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

Released : Mar 07, 2024

RNS Number : 0160G
JPMorgan Securities Plc
07 March 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:

6 March 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

2,556,565

 

3,486,899

3.2220 GBP

 

3.2230 GBP

3.1580 GBP

 

3.1580 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

 

75,850

7,674

30,179

6,764

2,229

195

24,379

2,212

497

40,388

241

1,699

161,345

14,376

18

315

 

24,176

4,712

2,452

278

3,695

12,824

4,672

11,831

8,316

541

1,880,000

 

34,956

11,866

1,567

40,412

3,803

104,064

4,966

41,274

13,475

1,669

575

18,921

584

3,309

8,809

2,994

1,193

4,464

600

 

14,144

 

14,644

 

 

1,000

948,000

3.1580 GBP

3.1582 GBP

3.1622 GBP

3.1679 GBP

3.1690 GBP

3.1691 GBP

3.1729 GBP

3.1794 GBP

3.1870 GBP

3.1897 GBP

3.1942 GBP

3.2015 GBP

3.2026 GBP

3.2065 GBP

3.2141 GBP

3.2170 GBP

 

3.1580 GBP

3.1620 GBP

3.1699 GBP

3.1750 GBP

3.1799 GBP

3.1805 GBP

3.1837 GBP

3.1839 GBP

3.1888 GBP

3.1928 GBP

3.2160 GBP

 

3.1588 GBP

3.1786 GBP

3.1838 GBP

3.1855 GBP

3.1865 GBP

3.1877 GBP

3.1878 GBP

3.1930 GBP

3.1931 GBP

3.1949 GBP

3.1958 GBP

3.1986 GBP

3.1987 GBP

3.2033 GBP

3.2041 GBP

3.2063 GBP

3.2110 GBP

3.2126 GBP

3.2168 GBP

 

3.1583 GBP

 

3.1871 GBP

 

 

3.1858 GBP

3.1871 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:

7 March 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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