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

JPMorgan Securities Plc

26 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:	23 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	660,523 909,702	3.2610 GBP 3.2617 GBP	3.1930 GBP 3.1940 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 Opening a Short Position	7,117 206 45,225 854 13,164 874 47,376 70,946 108 4,565 17,867 580 400,000 18,259 518 4,526 415 2,401 752 14,625 12,489 20,078 1,709 300 42,009 346 20 700 500 10,938 21 82,221 1,262 906 2,340 28,335 8,118 2,073 406 1,144 7,577 2,874 529 43 11,112 113,666 9,258 1,084 515 1,068	3.2078 GBP 3.2080 GBP 3.2091 GBP 3.2101 GBP 3.2102 GBP 3.2133 GBP 3.2160 GBP 3.2235 GBP 3.2067 GBP 3.2073 GBP 3.2075 GBP 3.2078 GBP 3.2127 GBP 3.2181 GBP 3.2216 GBP 3.2241 GBP 3.2359 GBP 3.2047 GBP 3.2073 GBP 3.2075 GBP 3.2080 GBP 3.2119 GBP 3.2295 GBP 3.2590 GBP 3.2080 GBP 3.2083 GBP 3.2250 GBP 3.2463 GBP 3.2570 GBP 3.2600 GBP 3.2000 GBP 3.2080 GBP 3.2085 GBP 3.2089 GBP 3.2108 GBP 3.2111 GBP 3.2128 GBP 3.2138 GBP 3.2180 GBP 3.2222 GBP 3.2224 GBP 3.2413 GBP 3.1940 GBP 3.2031 GBP 3.2074 GBP 3.2080 GBP 3.2082 GBP 3.2145 GBP 3.2171 GBP 3.2279 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:	26 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