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

Released : Apr 17, 2024

RNS Number : 9907K
JPMorgan Securities Plc
17 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:

16 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

8,615,556

 

5,236,761

4.0500 GBP

 

4.1020 GBP

3.9340 GBP

 

3.9319 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

 

 

 

 

 

 

 

27,594

4

87,594

1,117

5,190

1

2,052,120

 

8,000

183,656

40,009

76,818

12,614

1,961

149,849

153

200,000

23,921

9,699

559,331

77,468

24,444

3,681

1,163

45,200

 

21

13,875

722,068

72,882

80,964

142,901

5

9,311

 

112,872

35,000

1,080,000

2,437

15,261

1,927,264

2,274

200,000

500,000

50,000

84,600

100,000

58,886

9,985

 

239,939

52,295

11,690

8,315

112,059

10,482

 

178,974

166,741

125,056

35,763

35,421

11,378

11,932

48,489

3.9364 GBP

3.9518 GBP

3.9539 GBP

3.9715 GBP

3.9857 GBP

4.0104 GBP

4.0151 GBP

 

3.9322 GBP

3.9357 GBP

3.9368 GBP

3.9520 GBP

3.9523 GBP

3.9559 GBP

3.9641 GBP

3.9750 GBP

3.9753 GBP

3.9776 GBP

3.9960 GBP

3.9969 GBP

3.9992 GBP

4.0077 GBP

4.0198 GBP

4.0239 GBP

4.0379 GBP

 

3.9333 GBP

3.9340 GBP

3.9621 GBP

3.9752 GBP

4.0124 GBP

4.0211 GBP

4.0239 GBP

4.0960 GBP

 

3.9382 GBP

3.9469 GBP

3.9529 GBP

3.9667 GBP

3.9784 GBP

3.9832 GBP

3.9840 GBP

3.9843 GBP

3.9865 GBP

3.9868 GBP

4.0033 GBP

4.0100 GBP

4.0128 GBP

4.0233 GBP

 

3.9340 GBP

4.0132 GBP

4.0199 GBP

4.0225 GBP

4.0232 GBP

4.0258 GBP

 

3.9325 GBP

3.9340 GBP

3.9342 GBP

3.9447 GBP

3.9593 GBP

3.9832 GBP

3.9837 GBP

4.0223 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:

17 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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