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

Released : May 07, 2024

RNS Number : 4616N
JPMorgan Securities Plc
07 May 2024
 

AMENDMENT

 

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:

2 May 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 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

5,118,066

 

2,853,723

3.5800 GBP

 

3.5740 GBP

3.5110 GBP

 

3.4760 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

4,320

 31,091

 138,321

 22,654

 

 173,790

 10,242

 11,502

 77,062

 5,722

 23,790

 773

 19,934

 23,065

 13,102

 14,455

 313,297

 

 6,784

 

 23,572

 3,462

 3,485

 2,822

 2,484

 4,200

 9,288

 1,542

 13,016

 59

 6,217

 1,237

 48,287

 41,034

 894

 500,000

 500,000

 1,620,000

 9,250

 

 3,600

 22,759

 

 3,600

 22,759

3.5283 GBP

3.5528 GBP

3.5580 GBP

3.5597 GBP

 

3.5496 GBP

3.5550 GBP

3.5590 GBP

3.5592 GBP

3.5594 GBP

3.5609 GBP

3.5640 GBP

3.5645 GBP

3.5662 GBP

3.5667 GBP

3.5669 GBP

4.4513 GBP

 

3.5497 GBP

 

3.5217 GBP

3.5220 GBP

3.5358 GBP

3.5360 GBP

3.5372 GBP

3.5432 GBP

3.5462 GBP

3.5467 GBP

3.5479 GBP

3.5490 GBP

3.5570 GBP

3.5572 GBP

3.5582 GBP

3.5598 GBP

3.5599 GBP

3.5624 GBP

3.5636 GBP

3.5640 GBP

4.4546 GBP

 

3.5589 GBP

3.5613 GBP

 

3.5287 GBP

3.5364 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:

7 May 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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