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

JPMorgan Securities Plc

06 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:	5 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	940,603 831,613	3.2250 GBP 3.2240 GBP	3.1750 GBP 3.1803 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	25,140 14,925 32,822 56,865 12,224 148,672 38,991 8,553 295 67 2,300 2,665 1,048 128,929 5,445 875 301,505 1,389 3,469 58 24,872 2,844 473 11,626 365 1,096 843 2,666 1 662 15 120 165 1,280 64,669 3,185 62,138 652 3 5,277 11,606 25,832 10,085 1,774 871 285,253 14,681 24,732 1,089	3.1880 GBP 3.1967 GBP 3.2030 GBP 3.2031 GBP 3.2035 GBP 3.2041 GBP 3.2051 GBP 3.2067 GBP 3.1900 GBP 3.1959 GBP 3.1978 GBP 3.1979 GBP 3.1997 GBP 3.1999 GBP 3.2028 GBP 3.2029 GBP 3.2030 GBP 3.2032 GBP 3.2033 GBP 3.2037 GBP 3.2039 GBP 3.2053 GBP 3.2059 GBP 3.2100 GBP 3.2147 GBP 3.2148 GBP 3.2180 GBP 3.2187 GBP 3.2218 GBP 3.2221 GBP 3.2222 GBP 3.2230 GBP 3.2231 GBP 3.2232 GBP 3.1955 GBP 3.1957 GBP 3.2064 GBP 3.1890 GBP 3.1905 GBP 3.1922 GBP 3.1959 GBP 3.1963 GBP 3.1999 GBP 3.2010 GBP 3.2015 GBP 3.2030 GBP 3.2032 GBP 3.2033 GBP 3.2091 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:	6 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