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

Released : May 28, 2024

RNS Number : 1462Q
JPMorgan Securities Plc
28 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:

23 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

6,408,007

 

 8,941,986

3.8000 GBP

 

3.8240 GBP

3.7640 GBP

 

3.7620 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 Short

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Increase Long

 

 

Increase Short

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Opening a long position

 

 

Opening a short position

100,460

 139,903

 717

 290,634

 850,000

 89,868

 10,252

 500,000

 242,285

 6,564

 2,276

 1,816

 594

 2,964

 98,029

 1,970

 2,158,752

 998

 760

 153,302

 451

 6,241

 4,952

 1,799

 

 285

 1,059

 

 750,000

 108,178

 9,192

 1,289

 1,372

 2,233

 1,818

 955

 8,081

 225,397

 597

 9,430

 3,729

 359,274

 359,274

 

 14,400

 48,000

 

 14,400

 12,000

 36,000

3.7640 GBP

3.7646 GBP

3.7659 GBP

3.7673 GBP

3.7684 GBP

3.7699 GBP

3.7709 GBP

3.7712 GBP

3.7722 GBP

3.7723 GBP

3.7729 GBP

3.7731 GBP

3.7737 GBP

3.7740 GBP

3.7743 GBP

3.7747 GBP

3.7758 GBP

3.7762 GBP

3.7768 GBP

3.7772 GBP

3.7794 GBP

3.7795 GBP

3.7906 GBP

3.7960 GBP

 

3.7679 GBP

3.7819 GBP

 

3.7640 GBP

3.7642 GBP

3.7644 GBP

3.7665 GBP

3.7676 GBP

3.7680 GBP

3.7700 GBP

3.7743 GBP

3.7748 GBP

3.7751 GBP

3.7761 GBP

3.7794 GBP

4.8077 GBP

4.8096 GBP

4.8331 GBP

 

3.7744 GBP

3.7750 GBP

 

3.7700 GBP

3.7708 GBP

3.7730 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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