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

Released : Mar 13, 2024

RNS Number : 7139G
JPMorgan Securities Plc
13 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:

12 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

5,410,730

 

2,795,030

3.4425 GBP

 

3.4460 GBP

3.3830 GBP

 

3.3832 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

27,592

9,200

16,419

10,249

 

36,106

359,778

524

24,404

44,682

1,000

102,338

3,289

2,227

193

450,202

618

5,086

6,518

35,567

 

19,454

8,681

8,395

 

62

161,520

9,507

3,825

10,779

2,295

6,178

3,883

4,474

6,220

5,218

25,527

46,567

1,500,000

500,000

1,400,000

922

6,988

 

8,061

2,014

61

1,008

4,030

3.3840 GBP

3.3849 GBP

3.3851 GBP

3.4301 GBP

 

3.3838 GBP

3.3840 GBP

3.4005 GBP

3.4008 GBP

3.4047 GBP

3.4088 GBP

3.4109 GBP

3.4147 GBP

3.4187 GBP

3.4262 GBP

3.4270 GBP

3.4315 GBP

3.4317 GBP

3.4319 GBP

3.4325 GBP

 

3.3945 GBP

3.4113 GBP

3.4269 GBP

 

3.3825 GBP

3.3840 GBP

3.3861 GBP

3.3871 GBP

3.3933 GBP

3.3986 GBP

3.3988 GBP

3.4001 GBP

3.4023 GBP

3.4053 GBP

3.4066 GBP

3.4102 GBP

3.4113 GBP

3.4151 GBP

3.4217 GBP

3.4347 GBP

3.4350 GBP

3.4412 GBP

 

3.3877 GBP

3.3963 GBP

3.4055 GBP

3.4127 GBP

3.4266 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:

13 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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