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

Released : May 29, 2024

RNS Number : 2908Q
JPMorgan Securities Plc
29 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:

28 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

3,940,871

 

7,271,779

3.7500 GBP

 

3.7511 GBP

3.6980 GBP

 

3.6960 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,376

10,707

8,366

 

100,000

200,000

7,186

3,651

182

4,157

100,000

7,866

342

18,819

2,023

1,250,000

6,527

12,466

79,421

6,217

17,654

25,657

54,219

50,000

100,000

1,125,687

1,349

500,000

500,000

 

129

2,185

 

3,931

3,022

9,032

11,445

2,351

1,984

3,347

8,364

100,000

3,721

36,000

5,697

2,773

126,145

404,911

119,637

15,487

3.7119 GBP

3.7437 GBP

3.7446 GBP

 

3.6998 GBP

3.7016 GBP

3.7030 GBP

3.7031 GBP

3.7040 GBP

3.7065 GBP

3.7067 GBP

3.7078 GBP

3.7089 GBP

3.7128 GBP

3.7130 GBP

3.7131 GBP

3.7137 GBP

3.7143 GBP

3.7167 GBP

3.7178 GBP

3.7237 GBP

3.7251 GBP

3.7351 GBP

3.7356 GBP

3.7376 GBP

3.7440 GBP

3.7511 GBP

4.7198 GBP

4.7316 GBP

 

3.7256 GBP

3.7503 GBP

 

3.7020 GBP

3.7022 GBP

3.7027 GBP

3.7036 GBP

3.7041 GBP

3.7054 GBP

3.7061 GBP

3.7063 GBP

3.7079 GBP

3.7090 GBP

3.7098 GBP

3.7103 GBP

3.7184 GBP

3.7199 GBP

3.7272 GBP

3.7442 GBP

3.7444 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:

29 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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