20240627_DS SMITH PLC_8.5 EPT RI_MLI_Replacement

Bank of America Merrill Lynch

01 July 2024

 

FORM 8.5 Replacement
The Form 8.5 DS SMITH PLC announcement released on 28/06/2024 under RNS 3698U has been amended.
Amendments are identified with an asterisk (*).
The full amended text is shown below

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:	INTERNATIONAL PAPER CO
(d) Date dealing undertaken:	27/06/2024
(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: (INTERNATIONAL PAPER CO)

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
10p ordinary	Purchase	7,447,761	4.262 GBP	3.87 GBP
10p ordinary	Sale	*9,384,255	4.262 GBP	3.897 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
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	15,000	4.976 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,544	4.099 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	230,987	4.939 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	100,000	3.9 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	7,007	4.201 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.28 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,284	4.098 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.288 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	625	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	6,375	3.922 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	50,000	4.038 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,391	4.099 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	9,500	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,080	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	37,345	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	6,500	3.922 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,500	4.048 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	14,324	3.916 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	31,426	4.183 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	1,154	4.262 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Long Position	16,777	3.997 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,201	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	10,000	5.185 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,500	3.897 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	40,139	3.902 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	9,371	3.911 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	97,716	4.098 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	34,961	4.199 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	9,000	4.048 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	32,284	4.038 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	4,500	3.897 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	52,230	3.903 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	14,502	3.916 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	10,000	4.941 USD
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	73,673	4.074 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	52,751	4.155 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	10,000	5.096 USD
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	100,000	4.932 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	46,284	4.197 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.29 USD
10p ordinary	Swaps - Equity Swaps	Opening a Short Position	14,200	4.241 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	150,000	4.059 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.374 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Long Position	7,431	4.148 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	9,549	3.916 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	15,000	5.356 USD
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	5,207	4.262 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	5,750	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,500	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	4,750	4.048 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	16,500	3.922 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	389,105	4.095 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.391 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,716	4.038 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	750	4.048 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	92,349	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.363 USD
10p ordinary	Swaps - Equity Swaps	Opening a Short Position	1,154	4.262 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	5,000	4.951 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,250	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.293 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	9,000	3.897 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	47,716	4.197 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	416	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,731	4.111 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	11,837	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,948	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.362 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	46,929	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	327	4.199 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,625	3.922 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	607	4.102 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	31,426	4.148 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	12,322	4.099 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,250	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	8,311	4.939 USD
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	5,132	3.911 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	12,000	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	7,000	4.038 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	7,125	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	151	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	370,410	4.112 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	50,000	5.255 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	8,706	4.201 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.263 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	7,000	4.038 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	36,575	3.9 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	25,000	5.281 USD
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	570,000	4.048 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	14,000	4.048 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	50,000	4.038 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	780,000	4.939 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	35,000	5.364 USD
10p ordinary	Swaps - Equity Swaps	Opening a Short Position	34,961	3.9 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	50,000	4.038 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	10,000	4.991 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	5,750	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	35,800	4.241 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,455	4.125 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,250	3.899 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	10,000	4.951 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	67,716	3.9 GBP
10p ordinary	Swaps - Equity Swaps	Opening a Short Position	646,905	4.086 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	10,000	5.143 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	6,000	4.197 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	17,500	5.267 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	50,000	5.368 USD
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	23,873	3.911 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:	*01/07/2024
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