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: |
14 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 |
1,467,748
2,010,397 |
3.2090 GBP
3.2220 GBP |
3.1710 GBP
3.1660 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
|
2 21,167 1 6 13 3 6,484 4,737 69 13 17,061 55,753 51,891 16,043 42,332 3,808 8,024 3,630 3,847 12,219 16,290 28,843 5,214 61 34,416 81 376 6,396
640 254,311 17,023 3,849 54,063 161 112 118,820
4 4,704 49,040 147,313 3,630 3,933 39,555 16,432 75,278 15 4,724 39,339 1,740 2,323 4,217 376 18,679 2 872 69,187 6,772 4,634
30,725 932 31,164 444 192 |
3.1764 GBP 3.1780 GBP 3.1795 GBP 3.1809 GBP 3.1810 GBP 3.1814 GBP 3.1837 GBP 3.1844 GBP 3.1853 GBP 3.1862 GBP 3.1870 GBP 3.1885 GBP 3.1889 GBP 3.1892 GBP 3.1898 GBP 3.1905 GBP 3.1906 GBP 3.1910 GBP 3.1911 GBP 3.1917 GBP 3.1939 GBP 3.1946 GBP 3.1957 GBP 3.1959 GBP 3.1962 GBP 3.2000 GBP 3.2015 GBP 3.2070 GBP
3.1720 GBP 3.1871 GBP 3.1907 GBP 3.1908 GBP 3.1910 GBP 3.1912 GBP 3.1913 GBP 3.1978 GBP
3.1722 GBP 3.1759 GBP 3.1805 GBP 3.1873 GBP 3.1876 GBP 3.1879 GBP 3.1894 GBP 3.1907 GBP 3.1910 GBP 3.1914 GBP 3.1918 GBP 3.1920 GBP 3.1955 GBP 3.1963 GBP 3.1997 GBP 3.2015 GBP 3.2020 GBP 3.2034 GBP 3.2042 GBP 3.2070 GBP 3.2090 GBP 3.2160 GBP
3.1910 GBP 3.1937 GBP 3.1967 GBP 3.2001 GBP 3.2030 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: |
15 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 +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.