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

JPMorgan Securities Plc

16 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:	15 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	1,899,281 1,767,755	3.2290 GBP 3.2290 GBP	3.1479 GBP 3.1400 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	414 2,323 2,500 793 2,227 12,664 264 721 817 1,057 24,915 2 512 1 5,343 42,234 40,127 1,874 25,854 5,557 2,221 81,094 5,366 311,728 8 4,540 6,955 162 15,000 2,710 505 3,297 67,771 90 35 2,000 173 3,705 35,988 2 1,245 282 57,842 11,941 18,443 778 6,529 8,735 62,778 369 1,064 2,220 105,128 8,435 51,338 32,984 52,950 181,723 500 102 5,050 98,518	3.1441 GBP 3.1568 GBP 3.1603 GBP 3.1607 GBP 3.1642 GBP 3.1654 GBP 3.1665 GBP 3.1671 GBP 3.1717 GBP 3.1719 GBP 3.1744 GBP 3.1745 GBP 3.1798 GBP 3.1805 GBP 3.1817 GBP 3.1986 GBP 3.2007 GBP 3.2022 GBP 3.2031 GBP 3.2070 GBP 3.2115 GBP 3.2140 GBP 3.2258 GBP 3.2290 GBP 3.2292 GBP 3.1952 GBP 3.1990 GBP 3.2012 GBP 3.2023 GBP 3.2040 GBP 3.2069 GBP 3.2100 GBP 3.2290 GBP 3.1409 GBP 3.1610 GBP 3.1719 GBP 3.1723 GBP 3.1738 GBP 3.1742 GBP 3.1745 GBP 3.1770 GBP 3.1788 GBP 3.1797 GBP 3.1835 GBP 3.1847 GBP 3.1865 GBP 3.1866 GBP 3.1874 GBP 3.1905 GBP 3.1979 GBP 3.1985 GBP 3.2020 GBP 3.2054 GBP 3.2060 GBP 3.2207 GBP 3.2287 GBP 3.2289 GBP 3.2290 GBP 3.1514 GBP 3.2020 GBP 3.2283 GBP 3.2290 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:	16 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