Form 8.5 (EPT/RI) - Smith (DS) plc Amend

JPMorgan Securities Plc

21 March 2024

 

AMENDMENT

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:	J.P. Morgan Securities Plc
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Smith (DS) plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Corporate broker to Smith (DS) plc
(d) Date dealing undertaken:	15 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 this offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes, 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
10p ordinary	Purchase Sale	2,920,932 3,728,549	3.4430 GBP 3.4310 GBP	3.3920 GBP 3.3960 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	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short	1,661  218  363  65,843  2,646  3,793  567  1,595  52,466  7,317  58,245  1,305  6,827  1,377  1,034  11,236  4,217  254,821  600,000  60  10,648  11,278  46,256  3,268  7,366  6,389  51,209  51,207  49,049  24,476  1,640  18,675  5,281  1,521  22,968  6,336  22,286  39,614  5  60  213  62  19,191  23,211  1,022	3.4037 GBP 3.4066 GBP 3.4081 GBP 3.4082 GBP 3.4084 GBP 3.4097 GBP 3.4100 GBP 3.4114 GBP 3.4130 GBP 3.4157 GBP 3.4176 GBP 3.4187 GBP 3.4193 GBP 3.4194 GBP 3.4213 GBP 3.4214 GBP 3.4225 GBP 3.3610 GBP 3.4000 GBP 3.4080 GBP 3.4087 GBP 3.4090 GBP 3.4137 GBP 3.4178 GBP 3.4292 GBP 3.4055 GBP 3.4080 GBP 3.4099 GBP 3.4107 GBP 3.4149 GBP 3.4174 GBP 3.4189 GBP 3.4193 GBP 3.4204 GBP 3.4212 GBP 3.4222 GBP 3.4224 GBP 3.4226 GBP 3.4299 GBP 3.4000 GBP 3.4083 GBP 3.4123 GBP 3.4151 GBP 3.4186 GBP 3.4280 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

(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)

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:	21 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 dealing disclosure requirements on [phone].

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

 

END