20241127_DS SMITH PLC_8.5 EPT RI_UK_MLI

Released : Nov 28, 2024

RNS Number : 0537O
Bank of America Merrill Lynch
28 November 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:

Merrill Lynch International

(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 dealing undertaken:

27/11/2024

(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

If YES, specify which:


(INTERNATIONAL PAPER CO)

 

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

295,349

5.927 GBP

5.82 GBP

10p ordinary

Sale

418,373

5.94 GBP

5.82 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

Reducing a Short Position

500,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

1,000,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

1,250,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

350,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

7,000,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

1,000,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Long Position

52,733

5.894 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

8,012

5.861 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

2,746

5.881 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

86

5.895 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

410

5.9 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

614

5.927 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

8,179

5.884 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,090

5.868 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

3,055

5.865 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

8,721

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

151,082

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

1,500,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

350,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

1,500,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

750,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

1,348,918

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

1,000,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

3,705

5.884 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

386

5.881 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,224

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,122

5.861 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

154

5.868 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,148

5.884 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

429

5.865 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

87

5.927 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

161

5.855 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

57

5.9 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

12

5.895 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

5,725

5.884 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

2,139

5.865 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

763

5.868 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

5,609

5.861 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

430

5.927 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

61

5.895 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,924

5.881 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

807

5.855 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

6,106

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

287

5.9 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

128

5.927 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

234

5.855 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,674

5.884 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,776

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

625

5.865 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

84

5.9 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

16

5.895 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,632

5.861 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

225

5.869 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

559

5.88 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,153

5.855 GBP

10p ordinary

Swaps - Equity Swaps

Opening a Short Position

815

5.895 GBP

10p ordinary

Swaps - Equity Swaps

Reducing a Short Position

815

5.918 GBP

10p ordinary

Swaps - Equity Swaps

Opening a Long Position

263

5.918 GBP

10p ordinary

Swaps - Equity Swaps

Opening a Short Position

17,700,000

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

3,628

5.861 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

495

5.869 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,245

5.881 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

39

5.895 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

278

5.927 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

185

5.9 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

522

5.855 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

3,951

5.82 GBP

10p ordinary

Swaps - Equity Swaps

Increasing a Short Position

1,384

5.865 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

 

(ii)

Exercise

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

 

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:

28/11/2024

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
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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