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:
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J.P. Morgan Securities Plc
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
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Smith (DS) plc
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(c) Name of the party to the offer with which exempt principal trader is connected:
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Corporate broker to Smith (DS) plc
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(d) Date dealing undertaken:
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15 April 2024
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(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"
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Yes, Mondi plc & International Paper Company
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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
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Purchases/ sales
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Total number of securities
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Highest price per unit paid/received
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Lowest price per unit paid/received
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10p ordinary
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Purchase
Sale
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1,493,731
853,363
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4.1392 GBP
4.1380 GBP
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4.0960 GBP
4.0954 GBP
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(b) Cash-settled derivative transactions
Class of relevant security
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Product description
e.g. CFD
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Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
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Number of reference securities
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Price per unit
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10p ordinary
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Equity Swap
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Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
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8
6,920
10
13,305
2
128,663
862
533
9,633
30,043
19,751
1,846
1,092
198
40,000
1,200
16,177
4,804
3,943
7
5,000
1,612
38,825
2,278
5,864
235,935
134,820
34,700
134,820
48
59,873
2,487
5,009
1,250
23
23
11,015
3,778
3,349
1,233
36,774
12,470
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4.0975 GBP
4.1098 GBP
4.1140 GBP
4.1220 GBP
4.1224 GBP
4.1308 GBP
4.0970 GBP
4.0977 GBP
4.1068 GBP
4.1083 GBP
4.1136 GBP
4.1137 GBP
4.1270 GBP
4.1318 GBP
4.1376 GBP
4.1200 GBP
4.0954 GBP
4.0977 GBP
4.1000 GBP
4.1249 GBP
4.0959 GBP
4.0964 GBP
4.0977 GBP
4.1063 GBP
4.1127 GBP
4.1163 GBP
4.1181 GBP
4.1230 GBP
4.1291 GBP
4.1392 GBP
4.0960 GBP
4.1008 GBP
4.1020 GBP
4.1084 GBP
4.1200 GBP
4.0960 GBP
4.0962 GBP
4.1114 GBP
4.1120 GBP
4.1202 GBP
4.1254 GBP
4.1260 GBP
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(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security
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Product description e.g. call option
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Writing, purchasing, selling, varying etc.
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Number of securities to which option relates
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Exercise price per unit
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Type
e.g. American, European etc.
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Expiry date
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Option money paid/ received per unit
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|
|
|
|
|
|
|
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(ii) Exercise
Class of relevant security
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Product description
e.g. call option
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Exercising/ exercised against
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Number of securities
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Exercise price per unit
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|
|
|
|
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(d) Other dealings (including subscribing for new securities)
Class of relevant security
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Nature of dealing
e.g. subscription, conversion
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Details
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Price per unit (if applicable)
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|
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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"
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None
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(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"
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None
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Date of disclosure:
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16 April 2024
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Contact name:
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Natasha Mondon
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Telephone number:
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01202 325175
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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.