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

J.P. Morgan Eq South Africa Prop

13 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	12 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:	211,809	0.05	0	0
(2) Cash-settled derivatives:	0	0	693,540	0.16
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	211,809	0.05	693,540	0.16

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	40,165 46,789	323.7800 ZAR 323.1738 ZAR	318.5900 ZAR 319.2900 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	144 705 360 1,313 979 835 116 319 1,022 180 16,880 1,979 13 307 14 914 526 124 315 70 17 533 199 396 684 512 669 485 363 318 240 127 315 387 832 856 3,195 310 2,115 1,710 2,147 939 659 258 814 971 693 387 1,919 2,349 2,002 427 1,323 91 1,318 1,236 493 864 2,278 1,382 4,456 1,585 1,263 743 169 956 2,096 1,870 167	318.8583 ZAR 319.6083 ZAR 319.6300 ZAR 319.8255 ZAR 320.0609 ZAR 320.1534 ZAR 320.2894 ZAR 320.8726 ZAR 320.9213 ZAR 321.6733 ZAR 319.6300 ZAR 319.9600 ZAR 321.0983 ZAR 319.5686 ZAR 319.6886 ZAR 319.6909 ZAR 319.7061 ZAR 319.8700 ZAR 319.9178 ZAR 319.9257 ZAR 319.9500 ZAR 319.9656 ZAR 320.0849 ZAR 320.1277 ZAR 320.1956 ZAR 320.2087 ZAR 320.4251 ZAR 320.8437 ZAR 321.0766 ZAR 321.0857 ZAR 321.2550 ZAR 321.2927 ZAR 321.4452 ZAR 322.6408 ZAR 323.1738 ZAR 319.6162 ZAR 319.6479 ZAR 320.0000 ZAR 320.0647 ZAR 320.1198 ZAR 320.2874 ZAR 320.3100 ZAR 320.6470 ZAR 321.0000 ZAR 321.4002 ZAR 321.4712 ZAR 321.7562 ZAR 319.4300 ZAR 319.9312 ZAR 320.1546 ZAR 320.1822 ZAR 320.3525 ZAR 320.3886 ZAR 320.5400 ZAR 320.7990 ZAR 321.3269 ZAR 321.4879 ZAR 321.6927 ZAR 323.0210 ZAR 319.8084 ZAR 319.8958 ZAR 319.9023 ZAR 319.9465 ZAR 320.0845 ZAR 320.0978 ZAR 320.4519 ZAR 320.8320 ZAR 321.6148 ZAR 322.4559 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:	13 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