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

Released : Jun 28, 2024

RNS Number : 3872U
JPMorgan Securities Plc
28 June 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:

27 June 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

26,952,641

 

22,537,531

4.2622 GBP

 

4.2620 GBP

3.8760 GBP

 

3.8680 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

 

 

 

 

 

 

 

2,739

109,550

16,401

 

11,708

63,525

11,711

45,002

439,905

5,800

10,126

6,609

42,421

34,287

900,000

 

8,841

56,109

4

 

300,000

10,777

5

53,385

1,350,000

1,500,000

68,780

4,143

12,355

12,429

 

8,074

3,029

10,530

34,427

3,059

8,670

910

37,293

13,202

268

50,946

8,805

14,129

131,205

 

738

14,621

228

4,959

58

728

86

317,750

4.1035 GBP

4.2464 GBP

4.2520 GBP

 

3.9105 GBP

3.9138 GBP

3.9161 GBP

4.0811 GBP

4.1058 GBP

4.1532 GBP

4.1576 GBP

4.1597 GBP

4.2005 GBP

4.2198 GBP

4.2620 GBP

 

3.9017 GBP

4.1230 GBP

4.2617 GBP

 

3.9009 GBP

4.1294 GBP

4.1423 GBP

4.1607 GBP

4.1770 GBP

4.1905 GBP

4.2048 GBP

5.1668 GBP

5.1747 GBP

5.2321 GBP

 

3.8752 GBP

3.9033 GBP

3.9077 GBP

3.9138 GBP

3.9172 GBP

3.9220 GBP

3.9300 GBP

3.9515 GBP

3.9615 GBP

4.0315 GBP

4.0469 GBP

4.0574 GBP

4.0680 GBP

4.2620 GBP

 

3.8760 GBP

3.8895 GBP

3.9143 GBP

3.9361 GBP

4.0324 GBP

4.0800 GBP

4.1285 GBP

4.2622 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 June 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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