Form 8.5 (EPT/NON-RI)-Mondi PLC

J.P. Morgan Eq South Africa Prop

08 March 2024

 

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	J.P. Morgan Equities South Africa Proprietary Ltd
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Mondi plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Corporate broker to Smith (DS) plc
(d) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	7 March 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 the offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes, Smith (DS) plc

2.         POSITIONS OF THE EXEMPT PRINCIPAL TRADER

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	EUR 0.22 ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	16,703	0.00	0	0
(2) Cash-settled derivatives:	0	0	530,745	0.12
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	16,703	0.00	530,745	0.12

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS (IF ANY) 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 3(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
EUR 0.22 ordinary	Purchase Sale	169,052 78,563	334.5700 ZAR 334.5700 ZAR	327.7400 ZAR 327.6700 ZAR

(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
EUR 0.22 ordinary	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short	3,058 1,077 1,494 3,125 2,734 291 581 1,098 1,979 1,837 356 517 3,403 1,390 1,705 1,524 7 3,003 2,062 2,099 65 721 4,544 12,077 58 729 958 211 1,103 476 11 1,033 1,472 323 519 274 795 544 945 65 583 7 1,624 132 469 1,606 336 498 266 1,856 410 856 534 991	328.1997 ZAR 328.3152 ZAR 329.3975 ZAR 329.4607 ZAR 329.7671 ZAR 329.8318 ZAR 329.9432 ZAR 329.9946 ZAR 330.0575 ZAR 330.0908 ZAR 330.1310 ZAR 330.2221 ZAR 330.4459 ZAR 330.4966 ZAR 330.5438 ZAR 330.7863 ZAR 331.1950 ZAR 331.3669 ZAR 332.3542 ZAR 333.0135 ZAR 333.5100 ZAR 333.7951 ZAR 333.9623 ZAR 330.5000 ZAR 333.2500 ZAR 327.9066 ZAR 328.2480 ZAR 329.4503 ZAR 329.8481 ZAR 330.1174 ZAR 330.1700 ZAR 330.1893 ZAR 330.2061 ZAR 330.2187 ZAR 330.2799 ZAR 330.2929 ZAR 330.2954 ZAR 330.4081 ZAR 330.4504 ZAR 331.0500 ZAR 331.1220 ZAR 331.1950 ZAR 331.5073 ZAR 331.5886 ZAR 331.6006 ZAR 332.4218 ZAR 332.4466 ZAR 332.9092 ZAR 333.0706 ZAR 333.6535 ZAR 333.8655 ZAR 329.8913 ZAR 330.3980 ZAR 331.0164 ZAR

(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)

4.         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

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	8 March 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 disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END