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

JPMorgan Securities Plc

13 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:	12 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	5,410,730 2,795,030	3.4425 GBP 3.4460 GBP	3.3830 GBP 3.3832 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 Short Position	27,592 9,200 16,419 10,249 36,106 359,778 524 24,404 44,682 1,000 102,338 3,289 2,227 193 450,202 618 5,086 6,518 35,567 19,454 8,681 8,395 62 161,520 9,507 3,825 10,779 2,295 6,178 3,883 4,474 6,220 5,218 25,527 46,567 1,500,000 500,000 1,400,000 922 6,988 8,061 2,014 61 1,008 4,030	3.3840 GBP 3.3849 GBP 3.3851 GBP 3.4301 GBP 3.3838 GBP 3.3840 GBP 3.4005 GBP 3.4008 GBP 3.4047 GBP 3.4088 GBP 3.4109 GBP 3.4147 GBP 3.4187 GBP 3.4262 GBP 3.4270 GBP 3.4315 GBP 3.4317 GBP 3.4319 GBP 3.4325 GBP 3.3945 GBP 3.4113 GBP 3.4269 GBP 3.3825 GBP 3.3840 GBP 3.3861 GBP 3.3871 GBP 3.3933 GBP 3.3986 GBP 3.3988 GBP 3.4001 GBP 3.4023 GBP 3.4053 GBP 3.4066 GBP 3.4102 GBP 3.4113 GBP 3.4151 GBP 3.4217 GBP 3.4347 GBP 3.4350 GBP 3.4412 GBP 3.3877 GBP 3.3963 GBP 3.4055 GBP 3.4127 GBP 3.4266 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:	13 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