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

J.P. Morgan Eq South Africa Prop

11 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	8 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:	79,754	0.02	0	0
(2) Cash-settled derivatives:	0	0	559,197	0.13
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	79,754	0.02	559,197	0.13

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	172,953 151,354	329.2708 ZAR 328.5700 ZAR	318.6500 ZAR 317.2700 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 Opening a Long Position Opening a Short Position	2,313 474 359 588 2,268 3,911 1,512 1,067 7,727 88 716 459 64,088 179 523 3,102 3,587 13 195 13,769 1,378 3,298 1,641 289 24,032 43 19,001 23,865 528 463 478 462 646 912 368 6 393 7,727 64 791 291 1,348 64,088 464 725 465 873 22 2,001 845 530 2,640 826 465 399 2,977 1,280 1,447 1,048 214 290 1,172 790 5,127 7,845 6,567 1,409 953 6,879 794 841 1,579 796 1,327 1,542	320.2554 ZAR 320.3526 ZAR 322.6857 ZAR 323.1824 ZAR 323.2129 ZAR 323.2517 ZAR 323.7976 ZAR 323.8276 ZAR 323.9481 ZAR 324.0413 ZAR 324.3184 ZAR 324.3944 ZAR 324.4444 ZAR 324.4543 ZAR 324.4932 ZAR 324.8293 ZAR 325.0544 ZAR 325.1685 ZAR 325.3432 ZAR 325.3870 ZAR 325.5442 ZAR 325.7204 ZAR 326.0423 ZAR 326.2082 ZAR 329.2708 ZAR 323.7616 ZAR 324.9900 ZAR 319.6058 ZAR 319.8537 ZAR 320.0875 ZAR 323.3011 ZAR 323.4035 ZAR 323.4382 ZAR 323.6696 ZAR 323.7052 ZAR 323.7200 ZAR 323.9018 ZAR 323.9481 ZAR 324.0100 ZAR 324.0904 ZAR 324.1264 ZAR 324.1800 ZAR 324.4444 ZAR 324.4455 ZAR 324.8246 ZAR 324.8792 ZAR 324.9900 ZAR 325.0000 ZAR 325.0984 ZAR 325.4053 ZAR 325.5365 ZAR 325.6388 ZAR 326.5933 ZAR 326.6302 ZAR 327.0975 ZAR 327.1163 ZAR 327.4172 ZAR 323.5251 ZAR 323.5406 ZAR 323.6300 ZAR 323.9500 ZAR 324.3404 ZAR 324.7698 ZAR 324.9165 ZAR 324.9900 ZAR 325.8907 ZAR 326.2771 ZAR 327.1061 ZAR 324.8508 ZAR 321.9700 ZAR 323.4100 ZAR 324.3906 ZAR 324.8050 ZAR 325.1319 ZAR 327.3293 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:	11 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