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

Released : Mar 21, 2024

RNS Number : 8235H
JPMorgan Securities Plc
21 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:

19 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

1,667,557

 

1,585,264

3.4260 GBP

 

3.4260 GBP

3.3540 GBP

 

3.3570 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

6,320

 8,798

 109,677

 8

 37,921

 

 2,220

 64

 949

 3,926

 

 7,728

 169,171

 10,274

 

 1,741

 206

 6,839

 30

 70,614

 28,898

 3,186

 

 86,550

 2,547

 1,399

 11,742

 16,489

 56,701

 2,078

 35,038

 7,611

 3,073

 3,078

 3,493

 101,240

 

 2,070

 1,472

 256

 140

 3,696

 207

 27

 226,343

 96,828

3.3836 GBP

3.3909 GBP

3.3984 GBP

3.4006 GBP

3.4204 GBP

 

3.3760 GBP

3.3953 GBP

3.4090 GBP

3.4200 GBP

 

3.3778 GBP

3.3957 GBP

3.4205 GBP

 

3.3542 GBP

3.3633 GBP

3.3634 GBP

3.3650 GBP

3.3834 GBP

3.3932 GBP

3.3980 GBP

 

3.3602 GBP

3.3637 GBP

3.3657 GBP

3.3753 GBP

3.3829 GBP

3.3848 GBP

3.3889 GBP

3.3892 GBP

3.3902 GBP

3.3945 GBP

3.4036 GBP

3.4114 GBP

3.4200 GBP

 

3.3556 GBP

3.3715 GBP

3.3750 GBP

3.3758 GBP

3.3790 GBP

3.3994 GBP

3.4050 GBP

3.4200 GBP

3.4202 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:

21 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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