RNS Number : 3280S
Bank of America Merrill Lynch
13 June 2024
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS
(OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
(a)
|
Name of exempt principal trader:
|
|
BofA Securities Europe SA
|
(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 position held/dealing undertaken: For an opening position disclosure, state the latest
practicable date prior to the disclosure
|
|
12/06/2024
|
(e)
|
In addition to the company in 1(b) above, is the
exempt principal trader making disclosures in
respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"
|
|
YES
(INTERNATIONAL PAPER CO)
|
2.
|
POSITIONS OF THE EXEMPT PRINCIPAL TRADER
|
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a)
|
Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
|
Class of relevant security:
|
10p ordinary
|
|
Interests
|
Short Positions
|
Number
|
%
|
Number
|
%
|
(1)
|
Relevant securities owned
and/or controlled:
|
|
318,767
|
0.023%
|
28,604
|
0.002%
|
(2)
|
Cash-settled derivatives:
|
|
0
|
0%
|
23,051
|
0.002%
|
(3)
|
Stock-settled derivatives
(including options) and
agreements to purchase/sell:
|
|
0
|
0%
|
0
|
0 %
|
TOTAL:
|
318,767
|
0.023%
|
51,655
|
0.004%
|
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b)
|
Rights to subscribe for new securities (including directors' and other employee options)
|
Class of relevant security in relation to
which subscription right exists:
|
N/A
|
Details, including nature of the rights
concerned and relevant percentages:
|
N/A
|
3.
|
DEALINGS (IF ANY) 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 3(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
|
80,071
|
3.586 GBP
|
3.559 GBP
|
10p ordinary
|
Sale
|
33,321
|
3.586 GBP
|
3.56 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
|
2,531
|
3.581 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
|
Is a Supplemental Form 8 (Open Positions) attached?
|
No
|
Date of disclosure:
|
13/06/2024
|
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 disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the
United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
[email protected] or visit
www.rns.com.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy.
END
FEOQKNBKCBKKPAD