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

JPMorgan Securities Plc

04 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:	1 March 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	1,341,008 1,962,823	3.2770 GBP 3.2760 GBP	3.2244 GBP 3.2235 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	6,058 6,989 7,961 24,856 5,759 4,552 407 1,664 4,329 10,093 3,000 6,765 19,716 200,000 125,924 329 148,954 45,407 49,311 29,147 9,666 9,363 1,514 239 3,225 7,345 193 7,759 3,280 4,535 21,168 74,526 130,569 2,404 696 1,356 7,334 533 554 310 5,550 14,068 214,340 1,595 718 1,266 514	3.2367 GBP 3.2614 GBP 3.2619 GBP 3.2645 GBP 3.2579 GBP 3.2609 GBP 3.2618 GBP 3.2625 GBP 3.2628 GBP 3.2635 GBP 3.2640 GBP 3.2649 GBP 3.2663 GBP 3.2694 GBP 3.2705 GBP 3.2712 GBP 3.2731 GBP 3.2563 GBP 3.2598 GBP 3.2640 GBP 3.2644 GBP 3.2640 GBP 3.2643 GBP 3.2489 GBP 3.2544 GBP 3.2554 GBP 3.2560 GBP 3.2584 GBP 3.2597 GBP 3.2618 GBP 3.2625 GBP 3.2638 GBP 3.2640 GBP 3.2651 GBP 3.2719 GBP 3.2430 GBP 3.2527 GBP 3.2573 GBP 3.2590 GBP 3.2591 GBP 3.2601 GBP 3.2617 GBP 3.2640 GBP 3.2642 GBP 3.2681 GBP 3.2717 GBP 3.2756 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:	4 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