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

JPMorgan Securities Plc

20 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:	19 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	1,006,493 948,672	3.2960 GBP 3.2934 GBP	3.2600 GBP 3.2675 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	160 1,614 19,036 8,511 3,794 26,974 14,933 4,962 36,894 1,704 518 319 10,546 1,566 79,477 4,794 11,813 4,693 17,031 18,444 16,914 4,369 757 2,457 236 497 62 1,158 607 378 64 799 1,744 70,985 922 27,136 65 8,865 1,157 80,769 522 1,545 9,265 366 11,813 621 6,811 76,727 19,037 2,106 1,861 250 437 1,435 33,450	3.2606 GBP 3.2740 GBP 3.2743 GBP 3.2747 GBP 3.2751 GBP 3.2753 GBP 3.2773 GBP 3.2787 GBP 3.2847 GBP 3.2881 GBP 3.2690 GBP 3.2719 GBP 3.2738 GBP 3.2739 GBP 3.2740 GBP 3.2758 GBP 3.2763 GBP 3.2770 GBP 3.2778 GBP 3.2779 GBP 3.2785 GBP 3.2801 GBP 3.2806 GBP 3.2814 GBP 3.2858 GBP 3.2867 GBP 3.2879 GBP 3.2880 GBP 3.2890 GBP 3.2900 GBP 3.2911 GBP 3.2749 GBP 3.2750 GBP 3.2755 GBP 3.2762 GBP 3.2769 GBP 3.2770 GBP 3.2833 GBP 3.2655 GBP 3.2679 GBP 3.2691 GBP 3.2693 GBP 3.2718 GBP 3.2721 GBP 3.2740 GBP 3.2742 GBP 3.2747 GBP 3.2756 GBP 3.2763 GBP 3.2771 GBP 3.2792 GBP 3.2850 GBP 3.2889 GBP 3.2890 GBP 3.2880 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:	20 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