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

Released : Apr 02, 2024

RNS Number : 9693I
JPMorgan Securities Plc
02 April 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:

27 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 & International Paper Company

 

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

29,510,706

 

19,400,425

3.9740 GBP

 

3.9690 GBP

3.8238 GBP

 

3.8400 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

2,897

 665

 32,387

 252,395

 103,167

 12,355

 35,702

 2,552

 518,955

 1,032,738

 476,372

 254

 1,616

 141,455

 

 13,354

 10,255

 50,000

 100,000

 100,000

 622

 332,449

 1,761

 100,000

 100,000

 3,383

 50,000

 109,364

 74,493

 619

 11,953

 174

 1,800

 50,000

 50,000

 250,000

 2,201

 42,615

 

 292

 2,816

 5,279

 13,261

 1,918

 38,144

 22,742

 76,418

 23,068

 859

 72,495

 40,235

 101,718

 815,029

 1,858

 11,582

 28,950

 3,535

 101,862

 371,211

 

 46,995

 33,610

 56,361

 42,272

 98,631

 67,220

 33,610

 28,183

 750,000

 1,400,000

 500,000

 853,287

 1,400,000

 3,001

 250,000

 281,808

 17,313

 250,000

 35,226

 1,873

 194,505

 67,220

 

 743

3.8442 GBP

3.8501 GBP

3.8510 GBP

3.8607 GBP

3.8687 GBP

3.8688 GBP

3.8722 GBP

3.8740 GBP

3.8826 GBP

3.8980 GBP

3.9039 GBP

3.9260 GBP

3.9306 GBP

3.9660 GBP

 

3.8491 GBP

3.8565 GBP

3.8600 GBP

3.8610 GBP

3.8667 GBP

3.8677 GBP

3.8695 GBP

3.8708 GBP

3.8726 GBP

3.8766 GBP

3.8797 GBP

3.8799 GBP

3.8859 GBP

3.9169 GBP

3.9267 GBP

3.9305 GBP

3.9368 GBP

3.9462 GBP

3.9516 GBP

3.9546 GBP

3.9600 GBP

3.9632 GBP

3.9660 GBP

 

3.8435 GBP

3.8457 GBP

3.8462 GBP

3.8497 GBP

3.8508 GBP

3.8564 GBP

3.8579 GBP

3.8582 GBP

3.8592 GBP

3.8599 GBP

3.8606 GBP

3.8660 GBP

3.8683 GBP

3.8744 GBP

3.9054 GBP

3.9527 GBP

3.9581 GBP

3.9656 GBP

3.9658 GBP

3.9660 GBP

 

3.8503 GBP

3.8519 GBP

3.8608 GBP

3.8658 GBP

3.8666 GBP

3.8769 GBP

3.8779 GBP

3.8788 GBP

3.8796 GBP

3.8964 GBP

3.8989 GBP

3.9002 GBP

3.9011 GBP

3.9044 GBP

3.9104 GBP

3.9164 GBP

3.9220 GBP

3.9277 GBP

3.9439 GBP

3.9569 GBP

3.9660 GBP

3.9720 GBP

 

3.8666 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:

02 April 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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