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

JPMorgan Securities Plc

14 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:	13 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	2,275,107 2,366,377	3.2550 GBP 3.2480 GBP	3.1700 GBP 3.1695 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	236,589 58,275 31,798 3,000 3,001 62 107 285 39 61 24 1,254 4,821 64,133 5,077 41,126 3,236 1,008 1,325 805 809 27,073 2,484 13,186 15,843 1,125 2,797 3,819 1 17,565 4,616 1,251 10,000 1,211 86,430 17,676 10,611 147,354 11,196 711 9,792 1,996 618 51,162 83,275 33,342 15,436 25,062 9,096 35,734 453 2,140 44 66 22,468 95,000 176,184 138,355 3,033 660 401	3.1700 GBP 3.1701 GBP 3.1702 GBP 3.1900 GBP 3.1901 GBP 3.1930 GBP 3.1967 GBP 3.1968 GBP 3.1971 GBP 3.1987 GBP 3.2006 GBP 3.2015 GBP 3.2020 GBP 3.2021 GBP 3.2040 GBP 3.2096 GBP 3.2113 GBP 3.2228 GBP 3.2231 GBP 3.2262 GBP 3.2380 GBP 3.1700 GBP 3.1807 GBP 3.1842 GBP 3.1855 GBP 3.1867 GBP 3.1870 GBP 3.1976 GBP 3.2099 GBP 3.2149 GBP 3.2284 GBP 3.2370 GBP 3.2390 GBP 3.1695 GBP 3.1700 GBP 3.1734 GBP 3.1747 GBP 3.1940 GBP 3.1990 GBP 3.2000 GBP 3.2061 GBP 3.2076 GBP 3.2094 GBP 3.2102 GBP 3.2110 GBP 3.2131 GBP 3.2137 GBP 3.2175 GBP 3.2200 GBP 3.2234 GBP 3.2249 GBP 3.2252 GBP 3.2440 GBP 3.2468 GBP 3.1700 GBP 3.1793 GBP 3.1714 GBP 3.1700 GBP 3.1808 GBP 3.2290 GBP 3.2325 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:	14 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