RNS Number : 8679L
Bank of America Merrill Lynch
24 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")
(a)
|
Name of exempt principal trader:
|
|
Merrill Lynch International
|
(b)
|
Name of offeror/offeree in relation to whose
relevant securities this form relates: Use a separate form for each offeror/offeree
|
|
DS SMITH PLC
|
(c)
|
Name of the party to the offer with which exempt principal trader is connected:
|
|
INTERNATIONAL PAPER CO
|
(d)
|
Date dealing undertaken:
|
|
23/04/2024
|
(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
(INTERNATIONAL PAPER CO)
|
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.
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
|
394,359
|
3.512 GBP
|
3.474 GBP
|
10p ordinary
|
Sale
|
180,373
|
3.52 GBP
|
3.476 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
|
Swaps - Equity Swaps
|
Increasing a Short Position
|
28,477
|
3.498 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Opening a Short Position
|
1
|
3.532 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
1
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
17,500
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
50,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
50,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
50,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
50,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
25,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
25,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
125,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
25,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
25,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
15,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
50,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
50,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Closing a Short Position
|
10,000
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Reducing a Short Position
|
32,500
|
3.49 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Reducing a Long Position
|
285
|
3.532 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Opening a Short Position
|
600,000
|
4.343 USD
|
10p ordinary
|
Swaps - Equity Swaps
|
Reducing a Short Position
|
918
|
3.494 GBP
|
10p ordinary
|
Swaps - Equity Swaps
|
Opening a Short Position
|
918
|
3.532 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
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
Class of relevant security
|
Product description
e.g. call option
|
Exercising/
exercised
against
|
Number of
securities
|
Exercise Price per
unit
|
N/A
|
N/A
|
N/A
|
N/A
|
N/A
|
(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)
|
N/A
|
N/A
|
N/A
|
N/A
|
(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:
|
24/04/2024
|
Contact name:
|
Frank Lui
|
Telephone number:
|
+44207 996 6418
|
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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