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

Released : May 28, 2024

RNS Number : 1107Q
JPMorgan Securities Plc
28 May 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:

24 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

11,130,426

 

 13,096,742

3.7420 GBP

 

3.7420 GBP

3.6290 GBP

 

3.6130 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

29,616

 

 218,967

 30,111

 1,219,889

 250,000

 1,750,000

 3,047

 103,586

 1,405

 160,000

 

 25,184

 135

 

 888

 33,875

 1,460,645

 128,198

 314,176

 3,315

 

 507

 9,568

 34,082

 4,804

 4,406

 10,097

 23,806

 2,612

 15,160

 2,307

 11,526

 

 17,569

 8,406

 2,062

 1,151

 776

 127,079

 1,199

 1,236

 3,480

 1,245

3.6991 GBP

 

3.6868 GBP

3.6919 GBP

3.6920 GBP

3.6960 GBP

3.6988 GBP

3.7023 GBP

3.7026 GBP

3.7060 GBP

3.7063 GBP

 

3.6955 GBP

3.6988 GBP

 

3.6961 GBP

3.6964 GBP

3.7069 GBP

3.7109 GBP

3.7258 GBP

4.7197 GBP

 

3.6819 GBP

3.6899 GBP

3.6905 GBP

3.6970 GBP

3.7024 GBP

3.7102 GBP

3.7115 GBP

3.7172 GBP

3.7185 GBP

3.7246 GBP

3.7270 GBP

 

3.6523 GBP

3.6557 GBP

3.6582 GBP

3.6625 GBP

3.6836 GBP

3.6962 GBP

3.7017 GBP

3.7041 GBP

3.7110 GBP

3.7341 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:

28 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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