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

JPMorgan Securities Plc

07 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:	6 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	2,556,565 3,486,899	3.2220 GBP 3.2230 GBP	3.1580 GBP 3.1580 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	75,850 7,674 30,179 6,764 2,229 195 24,379 2,212 497 40,388 241 1,699 161,345 14,376 18 315 24,176 4,712 2,452 278 3,695 12,824 4,672 11,831 8,316 541 1,880,000 34,956 11,866 1,567 40,412 3,803 104,064 4,966 41,274 13,475 1,669 575 18,921 584 3,309 8,809 2,994 1,193 4,464 600 14,144 14,644 1,000 948,000	3.1580 GBP 3.1582 GBP 3.1622 GBP 3.1679 GBP 3.1690 GBP 3.1691 GBP 3.1729 GBP 3.1794 GBP 3.1870 GBP 3.1897 GBP 3.1942 GBP 3.2015 GBP 3.2026 GBP 3.2065 GBP 3.2141 GBP 3.2170 GBP 3.1580 GBP 3.1620 GBP 3.1699 GBP 3.1750 GBP 3.1799 GBP 3.1805 GBP 3.1837 GBP 3.1839 GBP 3.1888 GBP 3.1928 GBP 3.2160 GBP 3.1588 GBP 3.1786 GBP 3.1838 GBP 3.1855 GBP 3.1865 GBP 3.1877 GBP 3.1878 GBP 3.1930 GBP 3.1931 GBP 3.1949 GBP 3.1958 GBP 3.1986 GBP 3.1987 GBP 3.2033 GBP 3.2041 GBP 3.2063 GBP 3.2110 GBP 3.2126 GBP 3.2168 GBP 3.1583 GBP 3.1871 GBP 3.1858 GBP 3.1871 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:	7 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