Form 8.5 (EPT/RI)-International Distributions plc

JPMorgan Securities Plc

16 May 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 Distributions 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:	15 May 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	7,357,330 6,172,102	3.3176 GBP 3.3040 GBP	2.7140 GBP 2.7140 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 Long Position Opening a Short Position	8,055 3 1,155 1,977 2 3,961 19,893 15,723 134,612 770 3,935 118,690 94,091 3,252 64,694 50,000 12,702 2,318 18,319 6,581 3,220 80,051 97,212 196,324 194,297 427,861 76,077 12,528 16,191 92,527 17,890 1,319 13,551 12,185 42,085 330,112 295,140 234,345 144,353 29,721 200,000 170,699 29,497 26,026 11,000 118 436 1,556 84,938 13,666 44 5,356 2 116,976 11,135 6,311 468 20,746 367 11,212 14,663 53,000 1,144 4,990 310 153,462 103,292 29,247 12,528 2 226,179 20,918 33,626 24,778 63,292 58,994 400,000 121,753 25,000 50,000 62,903 80,000 150,000 148,907 930,000 800,000 800,000 198,085	2.7402 GBP 2.7460 GBP 2.7603 GBP 2.8060 GBP 2.9866 GBP 3.0376 GBP 3.1004 GBP 3.1369 GBP 3.1480 GBP 3.1483 GBP 3.1543 GBP 3.1569 GBP 3.1719 GBP 3.2061 GBP 3.2340 GBP 3.2352 GBP 2.7337 GBP 2.7837 GBP 2.8394 GBP 3.0032 GBP 3.0033 GBP 3.0353 GBP 3.0358 GBP 3.1030 GBP 3.1057 GBP 3.1501 GBP 3.1598 GBP 3.1715 GBP 3.1755 GBP 3.1766 GBP 3.1820 GBP 3.1877 GBP 3.1916 GBP 3.1936 GBP 3.1970 GBP 3.1976 GBP 3.2246 GBP 3.2460 GBP 3.2501 GBP 3.2538 GBP 3.2546 GBP 3.2587 GBP 3.2596 GBP 3.2631 GBP 3.2825 GBP 2.7140 GBP 2.8020 GBP 2.9939 GBP 3.1478 GBP 3.1480 GBP 3.1653 GBP 3.1680 GBP 3.1819 GBP 3.1824 GBP 3.1886 GBP 2.7306 GBP 2.7540 GBP 2.9169 GBP 3.0023 GBP 3.0216 GBP 3.0421 GBP 3.1087 GBP 3.1480 GBP 3.1483 GBP 3.1494 GBP 3.1527 GBP 3.1565 GBP 3.1574 GBP 3.1715 GBP 3.1823 GBP 3.2109 GBP 3.2202 GBP 3.2214 GBP 3.2577 GBP 3.2623 GBP 3.2644 GBP 3.1789 GBP 3.2783 GBP 3.1503 GBP 3.1663 GBP 3.1856 GBP 3.2171 GBP 3.2232 GBP 3.2306 GBP 3.2336 GBP 3.2424 GBP 3.2524 GBP 3.3007 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:	16 May 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