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

Released : Apr 16, 2024

RNS Number : 8242K
JPMorgan Securities Plc
16 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:

15 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

1,493,731

 

853,363

4.1392 GBP

 

4.1380 GBP

4.0960 GBP

 

4.0954 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

 

 

 

 

 

 

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

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

 

(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:

16 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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