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

Released : Apr 03, 2024

RNS Number : 1728J
JPMorgan Securities Plc
03 April 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:

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:

2 April 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

4,768,438

 

3,787,155

3.9980 GBP

 

4.0020 GBP

3.9280 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

 

 

 

 

 

 

 

13,629

10,081

41,269

18,120

41,993

987

 

1,408

2,560

15,388

27,180

3,972

2,007

6,518

101,723

51,911

 

3,938

47,960

26,739

1,960

 

1,584

30,000

56,319

125,579

15,538

8,795

2,947

64,737

155,640

10,033

296,377

172,540

4,143

35,001

1,400

 

80,221

24,641

879

56,718

571

37,913

6,091

5,051

22,680

5,554

5,402

1,000

1,823

 

697

99,271

11

135,718

53

8,093

870

4,800

3.9646 GBP

3.9670 GBP

3.9671 GBP

3.9784 GBP

3.9799 GBP

4.0000 GBP

 

3.9577 GBP

3.9580 GBP

3.9622 GBP

3.9631 GBP

3.9644 GBP

3.9649 GBP

3.9654 GBP

3.9696 GBP

3.9886 GBP

 

3.9490 GBP

3.9574 GBP

3.9657 GBP

3.9880 GBP

 

3.9429 GBP

3.9494 GBP

3.9528 GBP

3.9559 GBP

3.9589 GBP

3.9608 GBP

3.9611 GBP

3.9625 GBP

3.9636 GBP

3.9653 GBP

3.9719 GBP

3.9754 GBP

3.9775 GBP

3.9900 GBP

3.9956 GBP

 

3.9580 GBP

3.9654 GBP

3.9679 GBP

3.9690 GBP

3.9705 GBP

3.9707 GBP

3.9714 GBP

3.9762 GBP

3.9780 GBP

3.9791 GBP

3.9858 GBP

3.9879 GBP

3.9980 GBP

 

3.9455 GBP

3.9580 GBP

3.9610 GBP

3.9617 GBP

3.9659 GBP

3.9662 GBP

3.9692 GBP

3.9900 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:

3 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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