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

Released : Apr 02, 2024

RNS Number : 0510J
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:

28 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

8,502,228

 

6,528,330

4.0030 GBP

 

4.0026 GBP

3.9435 GBP

 

3.9480 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

145,935

 262,883

 193,853

 29,021

 32,268

 41,087

 62,722

 

 11,178

 1,715

 623,110

 131,716

 4,189

 33,349

 37,863

 112,094

 10,597

 819,121

 13,664

 

 14,129

 788

 295

 

 28,072

 523

 887,605

 18,563

 954

 13,084

 162,615

 8,692

 17,941

 3,500

 67,140

 819,121

 245,632

 

 221

 5,656

 546,748

 41,022

 3,625

 1,446

 2,193

 38,749

 25,152

 45,654

 15,064

 2,107

 29,250

 747

 1,718

 

 2,982

 29

 396

 516

 463

 24,090

 643,748

 87,128

3.9606 GBP

3.9619 GBP

3.9671 GBP

3.9681 GBP

3.9700 GBP

3.9750 GBP

3.9849 GBP

 

3.9551 GBP

3.9634 GBP

3.9670 GBP

3.9687 GBP

3.9696 GBP

3.9720 GBP

3.9732 GBP

3.9746 GBP

3.9789 GBP

3.9800 GBP

3.9854 GBP

 

3.9837 GBP

3.9929 GBP

4.0019 GBP

 

3.9509 GBP

3.9564 GBP

3.9568 GBP

3.9695 GBP

3.9729 GBP

3.9730 GBP

3.9731 GBP

3.9738 GBP

3.9754 GBP

3.9760 GBP

3.9770 GBP

3.9800 GBP

3.9868 GBP

 

3.9590 GBP

3.9669 GBP

3.9670 GBP

3.9678 GBP

3.9697 GBP

3.9723 GBP

3.9726 GBP

3.9765 GBP

3.9789 GBP

3.9801 GBP

3.9899 GBP

3.9901 GBP

3.9958 GBP

3.9980 GBP

3.9996 GBP

 

3.9415 GBP

3.9530 GBP

3.9549 GBP

3.9550 GBP

3.9558 GBP

3.9560 GBP

3.9670 GBP

3.9672 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:

2 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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