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

Released : Mar 25, 2024

RNS Number : 1718I
UBS AG (EPT)
25 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:

            UBS Investment Bank, London

(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:

            Mondi Plc connected to UBS

(d) Date dealing undertaken:

            22 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

 

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

Buy

 

8293141

3.50010        GBP

3.40688

GBP

10p Ordinary

Sell

 

5248997

3.50100        GBP

3.48700        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

CFD

 

Long

27718

3.497        GBP

10p Ordinary

CFD

 

Long

31113

3.496518        GBP

10p Ordinary

CFD

 

Long

732

3.491516        GBP

10p Ordinary

CFD

 

Long

741

3.49033738        GBP

10p Ordinary

CFD

 

Long

1080

3.497218        GBP

10p Ordinary

CFD

 

Long

30419

3.48903938        GBP

10p Ordinary

CFD

 

Long

5124

3.4989727        GBP

10p Ordinary

CFD

 

Long

7223

3.497617        GBP

10p Ordinary

CFD

 

Long

29809

3.496825        GBP

10p Ordinary

CFD

 

Long

407

3.49683        GBP

10p Ordinary

CFD

 

Long

1141

3.49921121822962        GBP

10p Ordinary

CFD

 

Long

10000

3.4960118        GBP

10p Ordinary

CFD

 

Long

330

3.497328        GBP

10p Ordinary

CFD

 

Long

122

3.487        GBP

10p Ordinary

CFD

 

Long

5426

3.49685219314412        GBP

10p Ordinary

CFD

 

Long

1716

3.500758        GBP

10p Ordinary

CFD

 

Long

1460

3.492        GBP

10p Ordinary

CFD

 

Long

461

3.493        GBP

10p Ordinary

CFD

 

Long

2230

3.496        GBP

10p Ordinary

CFD

 

Long

2230

3.494        GBP

10p Ordinary

CFD

 

Long

3689

3.498        GBP

10p Ordinary

CFD

 

Long

119077

3.496463        GBP

10p Ordinary

CFD

 

Long

40600

3.49020270935961        GBP

10p Ordinary

CFD

 

Long

61

3.4958        GBP

10p Ordinary

CFD

 

Long

2175

3.49830299        GBP

10p Ordinary

CFD

 

Long

2253

3.49429228        GBP

10p Ordinary

CFD

 

Long

1209

3.49712294210091        GBP

10p Ordinary

CFD

 

Long

16888

3.494558        GBP

10p Ordinary

CFD

 

Long

3581

3.49371098        GBP

10p Ordinary

CFD

 

Long

1035

3.49635797        GBP

10p Ordinary

CFD

 

Long

28326

3.4970716        GBP

10p Ordinary

CFD

 

Long

25846

3.494485        GBP

10p Ordinary

CFD

 

Long

6803

3.4934613        GBP

10p Ordinary

CFD

 

Long

23414

3.498163        GBP

10p Ordinary

CFD

 

Short

500000

3.491545        GBP

10p Ordinary

CFD

 

Short

2495

3.486        GBP

10p Ordinary

CFD

 

Short

2000000

3.4971164        GBP

10p Ordinary

CFD

 

Short

6

3.496        GBP

10p Ordinary

CFD

 

Short

10773

3.49704371        GBP

10p Ordinary

CFD

 

Short

5035

3.49589076464747        GBP

10p Ordinary

CFD

 

Short

732

3.498411        GBP

10p Ordinary

CFD

 

Short

79849

3.497        GBP

10p Ordinary

CFD

 

Short

5780

3.49724204        GBP

10p Ordinary

CFD

 

Short

18236

3.495584        GBP

10p Ordinary

CFD

 

Short

5622

3.498416        GBP

10p Ordinary

CFD

 

Short

370370

3.4878434        GBP

10p Ordinary

CFD

 

Short

140

3.496679        GBP

10p Ordinary

CFD

 

Short

708

3.49712        GBP

10p Ordinary

CFD

 

Short

264

3.476174        GBP

10p Ordinary

CFD

 

Short

819

3.496203        GBP

10p Ordinary

CFD

 

Short

671

3.476051        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:

25 March 2024

Contact name:

Richard Howard

Telephone number:

+44 (0)207 568 9128

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]

 

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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