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

Released : Jul 25, 2024

RNS Number : 8632X
JPMorgan Securities Plc
25 July 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:

24 July 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

6,486,564

 

3,024,900

4.5960 GBP

 

4.5920 GBP

4.3731 GBP

 

4.3720 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6,719

 

6,926

502,175

3,012

6,119

10

2,787

32,517

13,084

12,097

16,528

3,876

164,268

7,849

100,000

53,609

1,528

 

5,616

12,393

19,445

7,084

 

519,773

514

327

881

2,495

2,290

824

1,243

204

227

3,500

52

41,300

1,846,000

12,144

107,435

200,000

122,272

84,148

1,392

520,100

600,000

22

48

2,381

95

43

26

370,000

4.4056 GBP

 

4.3888 GBP

4.4013 GBP

4.4440 GBP

4.4582 GBP

4.4600 GBP

4.4760 GBP

4.4771 GBP

4.4886 GBP

4.5131 GBP

4.5185 GBP

4.5253 GBP

4.5396 GBP

4.5544 GBP

4.5575 GBP

4.5580 GBP

4.5831 GBP

 

4.5540 GBP

4.5573 GBP

4.5595 GBP

4.5710 GBP

 

4.3755 GBP

4.3789 GBP

4.3795 GBP

4.3820 GBP

4.3849 GBP

4.3874 GBP

4.3957 GBP

4.3965 GBP

4.4000 GBP

4.4010 GBP

4.4116 GBP

4.4281 GBP

4.4443 GBP

4.4600 GBP

4.5580 GBP

4.5582 GBP

4.5583 GBP

4.5585 GBP

4.5605 GBP

5.7248 GBP

5.7791 GBP

5.8443 GBP

5.8986 GBP

5.8988 GBP

5.8989 GBP

5.8990 GBP

5.8991 GBP

5.8992 GBP

5.9118 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:

25 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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