Form 8.5 (EPT/RI)-International Distributions plc

JPMorgan Securities Plc

04 June 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:	3 June 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	5,374,248 1,808,144	3.3700 GBP 3.3700 GBP	3.3517 GBP 3.3520 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	1,286  50,965  20  49  6,864  4,436  14,194  4,740  2,346,309  30  4,917  68,086  4,557  62  2,080  20,694  24,010  258  13,772  782  254  178,861  119  44,900  798  1,711  66,420  124,106  4,143  7  3,690  90  249  63  1,170,000  2  44,110  3,103  3,557  622  1,172  14,164  5,422  18,198  1,722  1,498  6,081  4,056  1,423	3.3541 GBP 3.3553 GBP 3.3557 GBP 3.3563 GBP 3.3581 GBP 3.3601 GBP 3.3620 GBP 3.3695 GBP 3.3700 GBP 3.3519 GBP 3.3568 GBP 3.3569 GBP 3.3580 GBP 3.3581 GBP 3.3584 GBP 3.3593 GBP 3.3594 GBP 3.3597 GBP 3.3620 GBP 3.3636 GBP 3.3638 GBP 3.3645 GBP 3.3518 GBP 3.3524 GBP 3.3565 GBP 3.3524 GBP 3.3556 GBP 3.3571 GBP 3.3574 GBP 3.3581 GBP 3.3591 GBP 3.3603 GBP 3.3619 GBP 3.3620 GBP 3.3622 GBP 3.3643 GBP 3.3530 GBP 3.3547 GBP 3.3569 GBP 3.3588 GBP 3.3679 GBP 3.3520 GBP 3.3560 GBP 3.3594 GBP 3.3600 GBP 3.3607 GBP 3.3614 GBP 3.3624 GBP 3.3630 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:	4 June 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