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

JPMorgan Securities Plc

12 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:	9 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	2,633,574 2,812,142	3.1880 GBP 3.1890 GBP	3.0600 GBP 3.0540 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	1,577 69,612 12,444 3,044 80,400 1,591 54,741 419 1,256 42,965 2,058 21,042 8,327 4,013 11,496 125,953 9,824 1,380 802 76,855 1,310 5,773 9,586 2,858 290,468 2,571 45,519 283 10,000 5,632 1,599 555 360,003 69 195,781 9,041 84,717 70,244 20,314 2,855 104 5,773 64,709 6,375 1,599 50 24,614 48 9,949 63,143 28,406 18,494 5,351 9,998 9,132 9,084 1,000 1,374 342 3,627 24,934 1,615 257,518 17,178 21,368 9,254 432,051 3,372 245,665 417,113 2	3.0856 GBP 3.0860 GBP 3.1200 GBP 3.1344 GBP 3.1387 GBP 3.1448 GBP 3.1493 GBP 3.1500 GBP 3.1508 GBP 3.1513 GBP 3.1533 GBP 3.1592 GBP 3.1621 GBP 3.1625 GBP 3.1042 GBP 3.1124 GBP 3.1202 GBP 3.1282 GBP 3.1322 GBP 3.1410 GBP 3.1448 GBP 3.1449 GBP 3.1514 GBP 3.1525 GBP 3.1565 GBP 3.1587 GBP 3.1611 GBP 3.1618 GBP 3.1658 GBP 3.1691 GBP 3.1755 GBP 3.0899 GBP 3.1090 GBP 3.1189 GBP 3.1229 GBP 3.1411 GBP 3.1524 GBP 3.1592 GBP 3.1608 GBP 3.0938 GBP 3.1253 GBP 3.1449 GBP 3.1549 GBP 3.1620 GBP 3.1755 GBP 3.1830 GBP 3.0835 GBP 3.1294 GBP 3.1340 GBP 3.1388 GBP 3.1433 GBP 3.1449 GBP 3.1451 GBP 3.1487 GBP 3.1504 GBP 3.1507 GBP 3.1509 GBP 3.1527 GBP 3.1530 GBP 3.1533 GBP 3.1550 GBP 3.1618 GBP 3.1620 GBP 3.1243 GBP 3.1417 GBP 3.1442 GBP 3.1464 GBP 3.1502 GBP 3.1618 GBP 3.1620 GBP 3.1672 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:	12 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