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

JPMorgan Securities Plc

21 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:	20 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	1,312,153 1,359,178	3.2740 GBP 3.2750 GBP	3.2390 GBP 3.2390 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	42,429 6,053 21,877 55,256 93,859 7,018 3,487 5,340 77 9,935 80,056 5,055 33,450 481 47,867 172,921 8 2,951 22,173 886 19,564 682 200,000 12,568 1,294 6,411 14,991 1,615 7,441 45,636 80,979 3,300 8,838 1,300 8,232 907 165,096 41,256 56 11,397 851 1,262 102 49 6,603 6,370 2,468 4,062	3.2396 GBP 3.2418 GBP 3.2420 GBP 3.2421 GBP 3.2429 GBP 3.2492 GBP 3.2542 GBP 3.2548 GBP 3.2576 GBP 3.2597 GBP 3.2606 GBP 3.2640 GBP 3.2740 GBP 3.2418 GBP 3.2419 GBP 3.2420 GBP 3.2438 GBP 3.2444 GBP 3.2450 GBP 3.2467 GBP 3.2470 GBP 3.2488 GBP 3.2506 GBP 3.2518 GBP 3.2524 GBP 3.2540 GBP 3.2574 GBP 3.2604 GBP 3.2610 GBP 3.2678 GBP 3.2694 GBP 3.2592 GBP 3.2652 GBP 3.2680 GBP 3.2734 GBP 3.2410 GBP 3.2420 GBP 3.2422 GBP 3.2451 GBP 3.2499 GBP 3.2514 GBP 3.2520 GBP 3.2539 GBP 3.2547 GBP 3.2590 GBP 3.2602 GBP 3.2617 GBP 3.2622 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:	21 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