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

UBS AG (EPT)

11 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:	UBS Investment Bank, London
(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:	Mondi Plc connected to UBS
(d) Date dealing undertaken:	08 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

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	Buy	28869336	3.50099        GBP	3.41200        GBP
10p Ordinary	Sell	20318167	3.50099        GBP	3.41350        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	CFD	Long	10308	3.5        GBP
10p Ordinary	CFD	Long	173700	3.44563275762809        GBP
10p Ordinary	CFD	Long	1000	3.427        GBP
10p Ordinary	CFD	Long	205043	3.465687        GBP
10p Ordinary	CFD	Long	372	3.419        GBP
10p Ordinary	CFD	Long	3509	3.458        GBP
10p Ordinary	CFD	Long	2000	3.435        GBP
10p Ordinary	CFD	Long	1000	3.434        GBP
10p Ordinary	CFD	Long	3138	3.4295        GBP
10p Ordinary	CFD	Long	4522	3.449093        GBP
10p Ordinary	CFD	Long	20000	3.45        GBP
10p Ordinary	CFD	Long	9000	3.4890747222        GBP
10p Ordinary	CFD	Long	4500	3.4890737222        GBP
10p Ordinary	CFD	Long	854140	3.45584889        GBP
10p Ordinary	CFD	Long	19317	3.445164        GBP
10p Ordinary	CFD	Long	39332	3.45734414725923        GBP
10p Ordinary	CFD	Long	18788	3.45862252501597        GBP
10p Ordinary	CFD	Long	339446	3.42        GBP
10p Ordinary	CFD	Long	605	3.45314215        GBP
10p Ordinary	CFD	Long	21906	3.435648        GBP
10p Ordinary	CFD	Long	220751	3.427641        GBP
10p Ordinary	CFD	Long	10019	3.452266        GBP
10p Ordinary	CFD	Long	6419	3.45216        GBP
10p Ordinary	CFD	Long	5657	3.44983913735195        GBP
10p Ordinary	CFD	Long	50000	3.4855        GBP
10p Ordinary	CFD	Long	7600	3.467        GBP
10p Ordinary	CFD	Long	50177	3.4620565        GBP
10p Ordinary	CFD	Long	41797	3.454559        GBP
10p Ordinary	CFD	Long	21839	3.45701951        GBP
10p Ordinary	CFD	Long	3050	3.44370738        GBP
10p Ordinary	CFD	Long	120009	3.429932        GBP
10p Ordinary	CFD	Long	15165	3.466266        GBP
10p Ordinary	CFD	Long	5267	3.4396403        GBP
10p Ordinary	CFD	Long	113430	3.47454611        GBP
10p Ordinary	CFD	Long	38590	3.450206        GBP
10p Ordinary	CFD	Long	19028	3.4612353        GBP
10p Ordinary	CFD	Long	11566	3.469561        GBP
10p Ordinary	CFD	Long	8851	3.44195345        GBP
10p Ordinary	CFD	Long	24508	3.460641        GBP
10p Ordinary	CFD	Short	1000000	3.4807        GBP
10p Ordinary	CFD	Short	3819	3.42531331        GBP
10p Ordinary	CFD	Short	4800	3.49512916666667        GBP
10p Ordinary	CFD	Short	573556	3.435146        GBP
10p Ordinary	CFD	Short	5002	3.498        GBP
10p Ordinary	CFD	Short	2190	3.4965        GBP
10p Ordinary	CFD	Short	2733	3.5        GBP
10p Ordinary	CFD	Short	207357	3.439475        GBP
10p Ordinary	CFD	Short	8318	3.473        GBP
10p Ordinary	CFD	Short	4352	3.45        GBP
10p Ordinary	CFD	Short	350000	3.4387        GBP
10p Ordinary	CFD	Short	28700	3.4399529999899        GBP
10p Ordinary	CFD	Short	190804	3.4441797172        GBP
10p Ordinary	CFD	Short	71300	3.4416882188        GBP
10p Ordinary	CFD	Short	39265	3.4425543993        GBP
10p Ordinary	CFD	Short	175756	3.4806509649        GBP
10p Ordinary	CFD	Short	192544	3.4497558164        GBP
10p Ordinary	CFD	Short	1140000	3.444442        GBP
10p Ordinary	CFD	Short	300000	3.4787808        GBP
10p Ordinary	CFD	Short	500000	3.427621        GBP
10p Ordinary	CFD	Short	1750000	3.466571        GBP
10p Ordinary	CFD	Short	2000000	3.4472556        GBP
10p Ordinary	CFD	Short	500000	3.4317432        GBP
10p Ordinary	CFD	Short	2000	3.4443217046        GBP
10p Ordinary	CFD	Short	3000	3.4443167046        GBP
10p Ordinary	CFD	Short	4000	3.48        GBP
10p Ordinary	CFD	Short	55005	3.42        GBP
10p Ordinary	CFD	Short	204	3.42294118        GBP
10p Ordinary	CFD	Short	51580	3.4537        GBP
10p Ordinary	CFD	Short	179102	3.4547        GBP
10p Ordinary	CFD	Short	57776	3.4251        GBP
10p Ordinary	CFD	Short	57774	3.4857        GBP
10p Ordinary	CFD	Short	57774	3.433        GBP
10p Ordinary	CFD	Short	134707	3.48379661042114        GBP
10p Ordinary	CFD	Short	72535	3.45639112152754        GBP
10p Ordinary	CFD	Short	807	3.44809355        GBP
10p Ordinary	CFD	Short	192784	3.4203982        GBP
10p Ordinary	CFD	Short	2545	3.442132        GBP
10p Ordinary	CFD	Short	663	3.420166        GBP
10p Ordinary	CFD	Short	49386	3.420171        GBP
10p Ordinary	CFD	Short	3448	3.4714089        GBP
10p Ordinary	CFD	Short	113430	3.471735        GBP
10p Ordinary	CFD	Short	22709	3.446582        GBP
10p Ordinary	CFD	Short	5815	3.457763        GBP
10p Ordinary	CFD	Short	675000	3.482668        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:	11 March 2024
Contact name:	Richard Howard
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]

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