Form 8.5 (EPT/RI)-International Distributions

JPMorgan Securities Plc

31 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:	30 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	4,262,795 2,973,749	3.3600 GBP 3.3510 GBP	3.3180 GBP 3.3200 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	32,077 6,173 5,583 8,986 4,260 29,932 14 46,772 85,616 3,326 3,700 46,334 44,917 59,709 62 28,122 60,851 61,140 70,586 22,512 166,481 165,001 82,685 857 124,628 293 874 75,274 25,593 112 4,743 279,116 3,550 50,000 120,000 78,589 2,461 37,774 411,827 291 250,000 3,434 116 27,182 13 1,730 28,954 67,092 18,112 35,414 13,285 2,586 7,670 7,111 12,699 333 8,972 1,328,000 7,476	3.3310 GBP 3.3369 GBP 3.3382 GBP 3.3401 GBP 3.3403 GBP 3.3202 GBP 3.3245 GBP 3.3278 GBP 3.3299 GBP 3.3300 GBP 3.3312 GBP 3.3313 GBP 3.3317 GBP 3.3320 GBP 3.3322 GBP 3.3341 GBP 3.3370 GBP 3.3383 GBP 3.3394 GBP 3.3395 GBP 3.3397 GBP 3.3398 GBP 3.3400 GBP 3.3430 GBP 3.3441 GBP 3.3336 GBP 3.3343 GBP 3.3373 GBP 3.3395 GBP 3.3403 GBP 3.3405 GBP 3.3253 GBP 3.3271 GBP 3.3283 GBP 3.3294 GBP 3.3361 GBP 3.3368 GBP 3.3399 GBP 3.3401 GBP 3.3403 GBP 3.3417 GBP 3.3219 GBP 3.3294 GBP 3.3306 GBP 3.3379 GBP 3.3387 GBP 3.3398 GBP 3.3400 GBP 3.3285 GBP 3.3310 GBP 3.3334 GBP 3.3337 GBP 3.3350 GBP 3.3353 GBP 3.3373 GBP 3.3400 GBP 3.3403 GBP 3.3415 GBP 3.3422 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:	31 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