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

JPMorgan Securities Plc

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:	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:	8 February 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	2,271,575 2,208,247	3.2380 GBP 3.2510 GBP	2.8040 GBP 2.8400 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 Opening a Long Position Opening a Short Position	19,959 2,143 10,633 32,921 250,000 787,314 179,000 250,000 250,000 250,000 195,971 3,019 113,718 21,285 82,412 57,929 168,328 2,678 714 6,682 47 68 3,773 500,000 1 140,313 69,377 500,000 266,442 756,499 127,158 883,242 352,518 100,000 27,394 37,755 2,881 683 13,477 1,768 23,009 300 172,606 22,749 135,636 7,333 2,122 10,471 4,201 88,046 58,357 452 889,804 36 37,938 176,157 365 13,544 70,000 2,749 141 2,656 911 9,552 6,146 548 27 100,000 547 50,000 100,000 50,000 1 31,826 7,570 2,678 25,531 17,061 16,973 75,534 190,271 2,582 152,056 1 4,529 238 2,519 643 3,780 1,960 545 14,010 111,669 7,917 8,707 7,497 5,358 39,428 1,854 11,107 68 199,938 17,128 5,100 16,051 282 2,749 548 457 6,827 255,655 90 145 25,000 15,600 354,587 32,225 100,000 250,000 6,883 3,600 12,000 500,000 655,894 354,587 25,000 987,223	2.8110 GBP 2.9204 GBP 2.9232 GBP 2.9408 GBP 2.9548 GBP 2.9623 GBP 2.9638 GBP 2.9698 GBP 2.9808 GBP 2.9818 GBP 3.0864 GBP 3.0865 GBP 3.0879 GBP 3.0885 GBP 3.0926 GBP 3.0933 GBP 3.0970 GBP 3.1004 GBP 3.1050 GBP 3.1094 GBP 3.1101 GBP 3.1113 GBP 3.1116 GBP 3.1195 GBP 3.1200 GBP 3.1222 GBP 3.1314 GBP 3.1356 GBP 3.1364 GBP 3.1388 GBP 3.1426 GBP 3.1866 GBP 3.1873 GBP 3.2319 GBP 2.8574 GBP 2.9238 GBP 2.9267 GBP 2.9298 GBP 2.9484 GBP 2.9566 GBP 2.9584 GBP 2.9600 GBP 2.9688 GBP 2.9755 GBP 2.9821 GBP 2.9903 GBP 3.0247 GBP 3.0373 GBP 3.0518 GBP 3.0565 GBP 3.0757 GBP 3.0802 GBP 3.0820 GBP 3.0858 GBP 3.0859 GBP 3.0860 GBP 3.0898 GBP 3.0990 GBP 3.1011 GBP 3.1045 GBP 3.1057 GBP 3.1190 GBP 3.1243 GBP 3.1258 GBP 3.1262 GBP 3.1277 GBP 3.1300 GBP 3.1433 GBP 3.1450 GBP 3.1917 GBP 3.2043 GBP 3.2185 GBP 2.8890 GBP 3.0722 GBP 3.0782 GBP 3.0860 GBP 3.0949 GBP 3.0972 GBP 3.0997 GBP 3.1050 GBP 3.1168 GBP 3.1304 GBP 3.1383 GBP 3.1404 GBP 2.8485 GBP 2.8510 GBP 2.8533 GBP 2.9010 GBP 2.9148 GBP 2.9217 GBP 2.9278 GBP 2.9365 GBP 2.9438 GBP 2.9448 GBP 2.9594 GBP 2.9677 GBP 3.0230 GBP 3.0424 GBP 3.0468 GBP 3.0645 GBP 3.0667 GBP 3.0860 GBP 3.0861 GBP 3.0891 GBP 3.0953 GBP 3.1019 GBP 3.1045 GBP 3.1277 GBP 3.1291 GBP 3.1317 GBP 3.1354 GBP 3.1361 GBP 3.1418 GBP 3.0997 GBP 3.1193 GBP 3.1347 GBP 2.8510 GBP 3.0905 GBP 3.0995 GBP 3.1000 GBP 3.1064 GBP 3.1132 GBP 3.1202 GBP 3.1279 GBP 3.1433 GBP 3.1497 GBP 3.1605 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:	9 February 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