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

Released : Jul 03, 2024

RNS Number : 0365V
JPMorgan Securities Plc
03 July 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:

28 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

11,749,772

 

 9,188,577

4.2420 GBP

 

4.2360 GBP

4.0386 GBP

 

3.6856 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

22

 2,055

 

 2,664

 1,494

 18,510

 7,327

 8,047

 6,977

 110,825

 68,780

 35,003

 64,109

 

 18,069

 1,878

 45,618

 

 1,998

 76,615

 900,279

 1,100,000

 1,215

 1,357

 4,143

 

 41,159

 29

 1,779

 10,427

 22,155

 3,619

 6,206

 2,126

 7,281

 44,304

 24,000

 7,200

 2,094

 

 1,216

 24,000

 7,200

 1,376

 28

 228,906

 85

4.1953 GBP

4.2064 GBP

 

4.1840 GBP

4.1966 GBP

4.1991 GBP

4.1992 GBP

4.2019 GBP

4.2023 GBP

4.2099 GBP

4.2100 GBP

4.2163 GBP

4.2175 GBP

 

4.1914 GBP

4.2092 GBP

4.2094 GBP

 

4.1860 GBP

4.2000 GBP

4.2100 GBP

4.2256 GBP

4.2275 GBP

5.2914 GBP

5.3552 GBP

 

4.1798 GBP

4.1799 GBP

4.1980 GBP

4.1990 GBP

4.1993 GBP

4.2012 GBP

4.2054 GBP

4.2066 GBP

4.2123 GBP

4.2132 GBP

4.2170 GBP

4.2180 GBP

4.2235 GBP

 

4.1851 GBP

4.1881 GBP

4.1899 GBP

4.1932 GBP

4.2061 GBP

4.2102 GBP

4.2116 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:

3 July 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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