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

Released : Mar 21, 2024

RNS Number : 8372H
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:

8 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

16,079,942

 

15,102,662

3.5030 GBP

 

3.5060 GBP

3.4195 GBP

 

3.2520  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

4,270

 8,782

 175,106

 100

 2,378

 140,227

 727,641

 125,814

 400

 325,197

 

 9,610

 2,408

 2,042

 95,200

 2,385

 4,968

 115,287

 5,847

 735

 534

 3,859

 5,997

 

 75,360

 17,621

 1,063

 4,845

 20,742

 19,818

 981,904

 1,266

 12,680

 

 3,563

 3,249

 1,500,000

 136,300

 

 272

 1,450

 6,126

 45,105

 3,593

 1,457

 23,886

 2,389

 236,262

 25,295

 1,648

 47,422

 17,345

 8,812

 908

 

 242,472

 717

 70,837

 70,835

 68,568

 2,266

 54,220

 112,000

 11,789

 6,354

 219,591

 7,168

 4,404

 84,668

 5,983

 1,342

 2,853

 70,834

3.4200 GBP

3.4297 GBP

3.4564 GBP

3.4569 GBP

3.4570 GBP

3.4579 GBP

3.4645 GBP

3.4664 GBP

3.4750 GBP

3.4838 GBP

 

3.4200 GBP

3.4247 GBP

3.4307 GBP

3.4348 GBP

3.4361 GBP

3.4365 GBP

3.4409 GBP

3.4446 GBP

3.4487 GBP

3.4508 GBP

3.4538 GBP

3.4831 GBP

 

3.4240 GBP

3.4454 GBP

3.4460 GBP

3.4466 GBP

3.4566 GBP

3.4575 GBP

3.4654 GBP

3.4672 GBP

3.4925 GBP

 

3.4416 GBP

3.4565 GBP

3.4623 GBP

3.4737 GBP

 

3.4268 GBP

3.4408 GBP

3.4439 GBP

3.4440 GBP

3.4464 GBP

3.4470 GBP

3.4496 GBP

3.4612 GBP

3.4636 GBP

3.4650 GBP

3.4652 GBP

3.4659 GBP

3.4704 GBP

3.4800 GBP

3.4940 GBP

 

3.4200 GBP

3.4202 GBP

3.4251 GBP

3.4304 GBP

3.4381 GBP

3.4382 GBP

3.4463 GBP

3.4523 GBP

3.4525 GBP

3.4528 GBP

3.4547 GBP

3.4562 GBP

3.4586 GBP

3.4635 GBP

3.4742 GBP

3.4800 GBP

3.4840 GBP

3.4857 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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