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:
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J.P. Morgan Securities Plc
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(b) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree
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Smith (DS) plc
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(c) Name of the party to the offer with which exempt principal trader is connected:
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Corporate broker to Smith (DS) plc
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(d) Date dealing undertaken:
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12 June 2024
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(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"
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Yes, International Paper Company
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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
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Purchases/ sales
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Total number of securities
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Highest price per unit paid/received
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Lowest price per unit paid/received
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10p ordinary
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Purchase
Sale
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1,201,519
1,593,875
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3.6207 GBP
3.6200 GBP
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3.5455 GBP
3.5500 GBP
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(b) Cash-settled derivative transactions
Class of relevant security
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Product description
e.g. CFD
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Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
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Number of reference securities
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Price per unit
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10p ordinary
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Equity Swap
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Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position
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35,872
76
4,265
21,524
30,693
50,240
14
162
7,220
44,644
1,036
958
2
933
1,425
129,936
36,262
66
2,712
1,644
6,036
40,556
5,596
3,004
7,285
5,019
1,275
2,913
4,371
31,084
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3.5547 GBP
3.5550 GBP
3.5551 GBP
3.5564 GBP
3.5820 GBP
3.5839 GBP
3.5857 GBP
3.5766 GBP
3.5829 GBP
3.5668 GBP
4.6036 GBP
3.5637 GBP
3.5639 GBP
3.5720 GBP
3.5750 GBP
3.5858 GBP
3.5537 GBP
3.5541 GBP
3.5545 GBP
3.5547 GBP
3.5610 GBP
3.5622 GBP
3.5633 GBP
3.5634 GBP
3.5676 GBP
3.5678 GBP
3.5734 GBP
3.5796 GBP
3.5801 GBP
3.5860 GBP
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(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
Class of relevant security
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Product description e.g. call option
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Writing, purchasing, selling, varying etc.
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Number of securities to which option relates
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Exercise price per unit
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Type
e.g. American, European etc.
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Expiry date
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Option money paid/ received per unit
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|
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|
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|
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(ii) Exercise
Class of relevant security
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Product description
e.g. call option
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Exercising/ exercised against
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Number of securities
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Exercise price per unit
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|
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|
|
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(d) Other dealings (including subscribing for new securities)
Class of relevant security
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Nature of dealing
e.g. subscription, conversion
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Details
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Price per unit (if applicable)
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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"
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None
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(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"
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None
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Date of disclosure:
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14 June 2024
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Contact name:
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Natasha Mondon
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Telephone number:
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01202 325175
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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.