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

Released : Mar 20, 2024

RNS Number : 6785H
JPMorgan Securities Plc
20 March 2024
 

AMENDMENT

 

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:

14 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

3,666,876

 

991,974

3.4060 GBP

 

3.4020 GBP

3.3470 GBP

 

3.3450 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

61,865

 8,782

 101,903

 12,319

 1,528

 20,349

 

 173,414

 2,340

 14,800

 4,907

 50,964

 

 1,547

 40,359

 72,229

 

 11,300

 26,742

 2,300,000

 8,630

 3,253

 11,718

 79,131

 12,392

 10,632

 

 6,876

 42,023

 20,253

 6,537

 27,724

 5,558

 131

 1,032

 2,676

 6,013

 

 592

 580

 13,595

 69,368

 9,495

 22,658

 1,821

3.3602 GBP

3.3606 GBP

3.3734 GBP

3.3744 GBP

3.3753 GBP

3.3788 GBP

 

3.3610 GBP

3.3634 GBP

3.3695 GBP

3.3712 GBP

3.3990 GBP

 

3.3578 GBP

3.3607 GBP

3.3651 GBP

 

3.3531 GBP

3.3605 GBP

3.3671 GBP

3.3705 GBP

3.3720 GBP

3.3730 GBP

3.3751 GBP

3.3865 GBP

3.4028 GBP

 

3.3742 GBP

3.3819 GBP

3.3822 GBP

3.3831 GBP

3.3832 GBP

3.3901 GBP

3.3910 GBP

3.3969 GBP

3.3976 GBP

3.3986 GBP

 

3.3470 GBP

3.3591 GBP

3.3593 GBP

3.3612 GBP

3.3670 GBP

3.3694 GBP

3.3783 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:

20 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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