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

JPMorgan Securities Plc

01 March 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:	29 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	3,082,515 2,890,118	3.2390 GBP 3.2400 GBP	3.1910 GBP 3.2020 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	137 186 149 74 26 15,108 141 39,614 2,792 23,195 2,786 120,661 3,595 790 3,850 684 4,931 10,199 503 385 18,089 2,499 7,406 5,000 45,938 890 8,262 4,145 3,850 7,252 3,050 2,267 864 17,461 16,890 17,376 908 172,474 26,796 12,696 1,473 1,587 1 674 1 352 227 405 229,565 49,871 7,969	3.1960 GBP 3.2027 GBP 3.2063 GBP 3.2137 GBP 3.2143 GBP 3.2170 GBP 3.2171 GBP 3.2181 GBP 3.2211 GBP 3.2215 GBP 3.2217 GBP 3.2221 GBP 3.2227 GBP 3.2294 GBP 3.2092 GBP 3.2120 GBP 3.2130 GBP 3.2179 GBP 3.2203 GBP 3.2208 GBP 3.2210 GBP 3.2217 GBP 3.2266 GBP 3.2364 GBP 3.2137 GBP 3.2207 GBP 3.2222 GBP 3.2241 GBP 3.2210 GBP 3.2079 GBP 3.2102 GBP 3.2118 GBP 3.2145 GBP 3.2164 GBP 3.2176 GBP 3.2190 GBP 3.2199 GBP 3.2210 GBP 3.2225 GBP 3.2253 GBP 3.2267 GBP 3.2284 GBP 3.2373 GBP 3.2006 GBP 3.2031 GBP 3.2090 GBP 3.2187 GBP 3.2201 GBP 3.2210 GBP 3.2212 GBP 3.2361 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:	1 March 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