20240208_DS SMITH PLC_8.5 EPT RI_MLI

Bank of America Merrill Lynch

09 February 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:	Merrill Lynch International
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	DS SMITH PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	MONDI PLC
(d) Date dealing undertaken:	08/02/2024
(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"	YES If YES, specify which: (MONDI PLC)

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
Common Stock	Purchase	9,878,201	3.24 GBP	2.842 GBP
Common Stock	Sale	8,385,264	3.246 GBP	2.804 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
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	798	3.071 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	762	3.155 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	204	3.123 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	637	3.071 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	483	3.071 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,539	3.155 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	6,776	3.136 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	1,476	3.098 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	393	3.155 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	340	3.123 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	2,089	3.131 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	10,366	3.011 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,527	3.131 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	229	3.098 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,176	3.145 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	738	3.155 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	425	3.155 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	2,888	3.122 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	1,346	3.123 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	594	3.098 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	1,124	3.155 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	2,077	3.123 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	456	3.145 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	1,569	3.155 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	2,663	3.159 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	2,247	3.11 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	12,778	3.109 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	537	3.109 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	11,717	3.109 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	3,563	2.9 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	6,032	2.9 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	18,722	2.9 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	5,456	2.9 GBP
Common Stock	Swaps - Equity Swaps	Closing a Long Position	1,716	2.9 GBP
Common Stock	Swaps - Equity Swaps	Opening a Long Position	60,620	3.118 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	6,900	2.973 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	8,632	2.973 GBP
Common Stock	Swaps - Equity Swaps	Closing a Short Position	73	2.95 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	680	2.921 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	41	2.808 GBP
Common Stock	Swaps - Equity Swaps	Closing a Long Position	680	3.152 GBP
Common Stock	Swaps - Equity Swaps	Opening a Long Position	680	2.95 GBP
Common Stock	Swaps - Equity Swaps	Closing a Long Position	100,000	3.112 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	997,861	3.112 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,224	3.134 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	179	3.088 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,490	3.122 GBP
Common Stock	Swaps - Equity Swaps	Opening a Short Position	15,035	3.086 GBP
Common Stock	Swaps - Equity Swaps	Closing a Short Position	4,142	3.116 GBP
Common Stock	Swaps - Equity Swaps	Closing a Short Position	990	3.056 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	264	3.056 GBP
Common Stock	Swaps - Equity Swaps	Closing a Short Position	6,604	3.099 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	13,590	3.099 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	11,498	2.947 GBP
Common Stock	Swaps - Equity Swaps	Closing a Short Position	10,154	2.947 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	101,437	3.136 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	5	2.804 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	193,558	3.058 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	7,376	3.116 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	388	2.906 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	1,598	3.145 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	2,819	3.071 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,849	3.122 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	2,665	3.145 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	232	3.098 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	796	2.953 GBP
Common Stock	Swaps - Equity Swaps	Opening a Long Position	39,323	2.957 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	6,449	2.856 GBP
Common Stock	Swaps - Equity Swaps	Closing a Short Position	796	2.957 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	52,718	3.088 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	261,006	3.125 GBP
Common Stock	Swaps - Equity Swaps	Opening a Short Position	125,572	3.087 GBP
Common Stock	Swaps - Equity Swaps	Opening a Short Position	250,000	2.935 GBP
Common Stock	Swaps - Equity Swaps	Opening a Long Position	171,946	3.086 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	29,958	3.187 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	57,814	3.064 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	326	3.064 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	368,932	3.064 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	11,008	3.064 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	5,017	3.064 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	14,625	2.957 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	1,803	2.953 GBP
Common Stock	Swaps - Equity Swaps	Opening a Long Position	74,558	2.957 GBP
Common Stock	Swaps - Equity Swaps	Closing a Short Position	1,803	2.957 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	14,625	2.856 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	8,798	3.892 USD
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	44,821	3.019 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	121,621	3.159 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	143,128	3.159 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Short Position	52,748	3.019 GBP
Common Stock	Swaps - Equity Swaps	Opening a Short Position	200,000	3.12 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	4,255	2.953 GBP
Common Stock	Swaps - Equity Swaps	Reducing a Long Position	98,333	2.953 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Long Position	99,964	2.943 GBP
Common Stock	Swaps - Equity Swaps	Increasing a Short Position	573,520	3.097 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
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise Price per unit
N/A	N/A	N/A	N/A	N/A

(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)
N/A	N/A	N/A	N/A

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:	09/02/2024
Contact name:	Frank Lui
Telephone number:	[phone]

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