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

JPMorgan Securities Plc

17 May 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 May 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, International Paper Company

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	7,033,451 5,930,674	3.7280 GBP 3.7281 GBP	3.6720 GBP 3.6700 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	8,239  3,880  43  204,606  52,362  75,507  112,120  167,707  184  343,452  109,277  10,070  165  57  3,461  10,109  677  485  556  4,307  374  5,293  641  215  472  20,000  9,967  46,510  3,795  71,393  9,888  834  141,994  6,917  6,871  600,000  23,896  795,804  670,000  23,336  26,201  2,037  4,264  46,425  4,092  1,051	3.6780 GBP 3.6814 GBP 3.6739 GBP 3.6778 GBP 3.6780 GBP 3.6816 GBP 3.6840 GBP 3.6872 GBP 3.6879 GBP 3.6883 GBP 3.6887 GBP 3.6944 GBP 3.6959 GBP 3.6992 GBP 3.7000 GBP 3.7043 GBP 3.7100 GBP 3.7119 GBP 3.7120 GBP 3.7127 GBP 3.7138 GBP 3.7168 GBP 3.7178 GBP 3.7180 GBP 3.7198 GBP 4.6767 GBP 3.6805 GBP 3.6813 GBP 3.6940 GBP 3.7076 GBP 3.7196 GBP 3.6721 GBP 3.6780 GBP 3.6881 GBP 3.6896 GBP 3.6928 GBP 3.6946 GBP 3.6951 GBP 3.6988 GBP 3.7027 GBP 3.7028 GBP 3.7044 GBP 3.7143 GBP 3.7163 GBP 3.7188 GBP 3.7213 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:	17 May 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