Form 8.5 (EPT/RI)-International Distributions plc

JPMorgan Securities Plc

30 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:	29 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	5,702,939 6,317,714	3.3680 GBP 3.3966 GBP	3.2120 GBP 3.2900 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	10 243,878 34,796 15,460 85,579 60,669 32,623 1,803 205 7,097 237,732 326,870 35,009 5,293 131,148 14,719 89,483 313 42,065 105 287 1,658,318 336 48,531 6,887 48,597 2 719 150,100 16,231 79,027 22,630 50,000 5,896 10,510 15,534 49,870 23,935 243,878 338,732 197,534 240,469 36,602 7,540 309,617 46 2,030 100,000 4,983 300 50,917 149,992 78,828 103,530 18,694 6,887 70,439 82 28,115 37,286 98,994 742 20,375 1,488 2,149 68,065 2,577 14 38,325 69,375 1,434 3,394 10,972 86 8,215 3,636 15,500 67,673 510,000	3.2120 GBP 3.3037 GBP 3.3189 GBP 3.3298 GBP 3.3307 GBP 3.3317 GBP 3.3404 GBP 3.3431 GBP 3.3503 GBP 3.2990 GBP 3.3029 GBP 3.3033 GBP 3.3119 GBP 3.3227 GBP 3.3257 GBP 3.3289 GBP 3.3307 GBP 3.3323 GBP 3.3359 GBP 3.3370 GBP 3.3381 GBP 3.3390 GBP 3.3398 GBP 3.3420 GBP 3.3443 GBP 3.3450 GBP 3.3460 GBP 3.3474 GBP 3.3496 GBP 3.3500 GBP 3.3511 GBP 3.3520 GBP 3.3966 GBP 3.3011 GBP 3.3018 GBP 3.3063 GBP 3.3194 GBP 3.3388 GBP 3.3463 GBP 3.3500 GBP 3.2962 GBP 3.2998 GBP 3.3081 GBP 3.3143 GBP 3.3162 GBP 3.3191 GBP 3.3192 GBP 3.3218 GBP 3.3237 GBP 3.3240 GBP 3.3305 GBP 3.3310 GBP 3.3316 GBP 3.3325 GBP 3.3410 GBP 3.3443 GBP 3.3486 GBP 3.3500 GBP 3.3501 GBP 3.3519 GBP 3.3562 GBP 3.2999 GBP 3.3099 GBP 3.3268 GBP 3.3348 GBP 3.3392 GBP 3.3400 GBP 3.3439 GBP 3.3005 GBP 3.3020 GBP 3.3201 GBP 3.3208 GBP 3.3223 GBP 3.3242 GBP 3.3282 GBP 3.3312 GBP 3.3398 GBP 3.3500 GBP 3.3503 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:	30 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