Form 8.5 (EPT/RI)-International Distribution plc

JPMorgan Securities Plc

02 August 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	International Distribution Services plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Financial adviser to EP Corporate Group a.s
(d) Date dealing undertaken:	1 August 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"	N/A

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
1p ordinary	Purchase Sale	1,054,492 775,580	3.4843 GBP 3.4860 GBP	3.4440 GBP 3.4100 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
1p ordinary	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short Opening a short position	2,131  474  2,904  6,259  46  90,951  67,702  2,836  5,790  1,854  1,308  1,147  29,465  3,891  1,691  8,333  51,913  12,042  9,780  55,317  30,511  58,387  9,320  11,868  15,646  9,404  10,624  22,903  570  1,869  704  16,752  260  567  375,000  1,497  10,230  1,905  33,183  3,686  18,262  17,096  9,780  66,340  4,237  591  1,363  147  75,000	3.4499 GBP 3.4614 GBP 3.4707 GBP 3.4724 GBP 3.4804 GBP 3.4396 GBP 3.4436 GBP 3.4487 GBP 3.4539 GBP 3.4559 GBP 3.4560 GBP 3.4570 GBP 3.4622 GBP 3.4654 GBP 3.4666 GBP 3.4667 GBP 3.4697 GBP 3.4698 GBP 3.4699 GBP 3.4700 GBP 3.4702 GBP 3.4733 GBP 3.4736 GBP 3.4749 GBP 3.4762 GBP 3.4763 GBP 3.4765 GBP 3.4766 GBP 3.4841 GBP 3.4864 GBP 3.4605 GBP 3.4611 GBP 3.4557 GBP 3.4560 GBP 3.4567 GBP 3.4621 GBP 3.4633 GBP 3.4639 GBP 3.4649 GBP 3.4657 GBP 3.4676 GBP 3.4700 GBP 3.4701 GBP 3.4704 GBP 3.4719 GBP 3.4780 GBP 3.4781 GBP 3.4801 GBP 3.4821 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:	2 August 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 [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END