Form 8.5 (EPT/RI)-International Distributions plc

JPMorgan Securities Plc

17 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:	16 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	1,186,529 1,619,590	3.2260 GBP 3.2260 GBP	3.1660 GBP 3.1649 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	292 39,816 63,248 2 16,190 16,677 5,886 3,227 42,873 48,659 57,775 34 24,820 6,410 49,059 3,570 22,566 4,100 27,701 25,326 6,169 17,054 2 72,261 22,524 4,063 448,053 31,279 2,808 231,638 3,177 6,968 15,387 4,018 4,051 15 192 83 154,941 12,289 16 2,272 615 1,673 2,493 8,670 59,980 1,324 2,598 21,108 1,438 90 209,026 132 39,341 59,000 84,266 23,000 10,000 2,739 65,461 2,359	3.2001 GBP 3.2020 GBP 3.2041 GBP 3.2061 GBP 3.2067 GBP 3.2069 GBP 3.2100 GBP 3.2108 GBP 3.2110 GBP 3.2178 GBP 3.2200 GBP 3.2202 GBP 3.2205 GBP 3.2206 GBP 3.1842 GBP 3.1847 GBP 3.1865 GBP 3.1955 GBP 3.2002 GBP 3.2022 GBP 3.2032 GBP 3.2035 GBP 3.2037 GBP 3.2047 GBP 3.2069 GBP 3.2084 GBP 3.2090 GBP 3.2106 GBP 3.2109 GBP 3.2116 GBP 3.2119 GBP 3.2126 GBP 3.2145 GBP 3.2165 GBP 3.2200 GBP 3.2009 GBP 3.2017 GBP 3.2019 GBP 3.2023 GBP 3.2027 GBP 3.2038 GBP 3.2040 GBP 3.2051 GBP 3.2061 GBP 3.2090 GBP 3.2100 GBP 3.2198 GBP 3.2199 GBP 3.2200 GBP 3.1758 GBP 3.1923 GBP 3.1973 GBP 3.1990 GBP 3.2003 GBP 3.2039 GBP 3.2061 GBP 3.2068 GBP 3.2074 GBP 3.2116 GBP 3.2163 GBP 3.2176 GBP 3.2203 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:	17 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