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

JPMorgan Securities Plc

23 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:	22 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	2,063,854 1,387,780	3.2570 GBP 3.2620 GBP	3.2030 GBP 3.2140 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 Short Position	5,639 9,102 27,797 10,771 8,006 167,240 3 147,795 135 68 605 930 1,511 526 10,846 22 10 80 1,166 55,865 3,072 9,960 454 14,968 3,502 7,156 3,035 11,132 11,644 10,581 5,396 12,615 978 1,124 1,465 1,421 158,479 26,694 1,043 2,491 858 3,157 36,220 1,314 605 277 34,308 2,955 1,750 2,092 33,681 1,800 3,134 70,436 114,338 53,389 2,083 27,119 9,898 3,898 4,703 50 100,000 80,376 86,269 88 59,000 3,000	3.2168 GBP 3.2191 GBP 3.2207 GBP 3.2216 GBP 3.2296 GBP 3.2304 GBP 3.2333 GBP 3.2345 GBP 3.2412 GBP 3.2413 GBP 3.2450 GBP 3.2451 GBP 3.2454 GBP 3.2458 GBP 3.2460 GBP 3.2463 GBP 3.2464 GBP 3.2481 GBP 3.2482 GBP 3.2292 GBP 3.2329 GBP 3.2371 GBP 3.2388 GBP 3.2404 GBP 3.2407 GBP 3.2410 GBP 3.2411 GBP 3.2416 GBP 3.2417 GBP 3.2427 GBP 3.2428 GBP 3.2431 GBP 3.2435 GBP 3.2442 GBP 3.2445 GBP 3.2448 GBP 3.2450 GBP 3.2451 GBP 3.2478 GBP 3.2485 GBP 3.2501 GBP 3.2504 GBP 3.2350 GBP 3.2381 GBP 3.2421 GBP 3.2422 GBP 3.2428 GBP 3.2464 GBP 3.2076 GBP 3.2100 GBP 3.2164 GBP 3.2182 GBP 3.2187 GBP 3.2191 GBP 3.2192 GBP 3.2246 GBP 3.2257 GBP 3.2264 GBP 3.2278 GBP 3.2320 GBP 3.2341 GBP 3.2442 GBP 3.2443 GBP 3.2450 GBP 3.2452 GBP 3.2469 GBP 3.2499 GBP 3.2325 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:	23 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