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

JPMorgan Securities Plc

19 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:	16 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	1,398,245 1,306,399	3.2990 GBP 3.3000 GBP	3.2405 GBP 3.2502 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	5,712 153,700 39,546 7,390 1,129 788 521 41,622 3,588 10,481 614 251,461 2,401 1,689 7,582 20,506 880 11,313 17,133 24,181 12,105 558 2,762 40,778 1,617 1,427 9,236 28,089 18,031 4,016 75,473 3,581 11,322 11,401 35,437 30,508 166,932 285 167 524 800 540 28,024 2,325	3.2450 GBP 3.2500 GBP 3.2675 GBP 3.2745 GBP 3.2790 GBP 3.2800 GBP 3.2820 GBP 3.2844 GBP 3.2857 GBP 3.2859 GBP 3.2870 GBP 3.2880 GBP 3.2882 GBP 3.2886 GBP 3.2887 GBP 3.2888 GBP 3.2957 GBP 3.2771 GBP 3.2823 GBP 3.2831 GBP 3.2873 GBP 3.2878 GBP 3.2895 GBP 3.2610 GBP 3.2622 GBP 3.2640 GBP 3.2666 GBP 3.2705 GBP 3.2711 GBP 3.2738 GBP 3.2742 GBP 3.2771 GBP 3.2785 GBP 3.2866 GBP 3.2875 GBP 3.2878 GBP 3.2880 GBP 3.2945 GBP 3.2990 GBP 3.2670 GBP 3.2682 GBP 3.2731 GBP 3.2880 GBP 3.2998 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:	19 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