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

Released : Apr 05, 2024

RNS Number : 5235J
JPMorgan Securities Plc
05 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:

4 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

3,662,817

 

3,175,837

4.1420 GBP

 

4.1320 GBP

4.0103 GBP

 

4.0020 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

 

 

6,396

5,407

4,680

1,598

2,493

69,522

48,700

20,239

508

2,038

2,661

28,610

376

 

27,806

5,617

2,459

5,877

2,359

53

7,641

45,294

140,000

29,396

45,481

16,646

100

9,582

200,000

 

1,856

2,870

10,833

32,686

37,518

10,245

13,067

24,232

40,932

14,427

969

13,385

18,684

9,853

10,914

1,749

1,499

430

 

2,772

33,200

599

2,725

27,687

101,280

21,859

10,682

180,000

15,455

1,268

274

 

10,000

9,000

20,000

 

30,000

9,000

25,000

4.0166 GBP

4.0173 GBP

4.0197 GBP

4.0230 GBP

4.0253 GBP

4.0356 GBP

4.0415 GBP

4.0541 GBP

4.0549 GBP

4.0652 GBP

4.1060 GBP

4.1080 GBP

4.1086 GBP

 

4.0625 GBP

4.0774 GBP

4.0777 GBP

4.0795 GBP

4.0798 GBP

4.0846 GBP

4.0965 GBP

4.1024 GBP

4.1051 GBP

4.1085 GBP

4.1114 GBP

4.1199 GBP

4.1200 GBP

4.1206 GBP

5.1921 GBP

 

4.0180 GBP

4.0505 GBP

4.0692 GBP

4.0747 GBP

4.0790 GBP

4.0884 GBP

4.0931 GBP

4.0966 GBP

4.1047 GBP

4.1063 GBP

4.1074 GBP

4.1079 GBP

4.1080 GBP

4.1100 GBP

4.1178 GBP

4.1180 GBP

4.1219 GBP

4.1300 GBP

 

4.0632 GBP

4.0634 GBP

4.0762 GBP

4.0807 GBP

4.0871 GBP

4.0921 GBP

4.0927 GBP

4.0948 GBP

4.1057 GBP

4.1110 GBP

4.1120 GBP

4.1300 GBP

 

4.0580 GBP

4.0680 GBP

4.0729 GBP

 

4.0274 GBP

4.0295 GBP

4.0794 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:

5 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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