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

UBS AG (EPT)

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:	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:	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

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	5805627	3.45970        GBP	3.37670        GBP
10p Ordinary	Sell	5397607	3.44551        GBP	3.38000        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	17570	3.42366992        GBP
10p Ordinary	CFD	Long	23084	3.407027        GBP
10p Ordinary	CFD	Long	19122	3.4218928        GBP
10p Ordinary	CFD	Long	3328	3.40764063        GBP
10p Ordinary	CFD	Long	44494	3.398357        GBP
10p Ordinary	CFD	Long	32273	3.384        GBP
10p Ordinary	CFD	Long	16438	3.426966        GBP
10p Ordinary	CFD	Long	18273	3.39536018        GBP
10p Ordinary	CFD	Long	3369	3.40490353        GBP
10p Ordinary	CFD	Long	2069	3.430947        GBP
10p Ordinary	CFD	Long	1273	3.41771917        GBP
10p Ordinary	CFD	Long	1183	3.405987        GBP
10p Ordinary	CFD	Long	109048	3.405635        GBP
10p Ordinary	CFD	Long	10908	3.38332324899157        GBP
10p Ordinary	CFD	Long	585	3.38700854700855        GBP
10p Ordinary	CFD	Long	401646	3.42848799689279        GBP
10p Ordinary	CFD	Long	90086	3.38376307084342        GBP
10p Ordinary	CFD	Long	137904	3.408475        GBP
10p Ordinary	CFD	Long	1793	3.421        GBP
10p Ordinary	CFD	Long	1200	3.417        GBP
10p Ordinary	CFD	Long	3869284	3.429        GBP
10p Ordinary	CFD	Short	160000	3.42922881        GBP
10p Ordinary	CFD	Short	3039	3.429        GBP
10p Ordinary	CFD	Short	87831	3.3767        GBP
10p Ordinary	CFD	Short	115550	3.3934        GBP
10p Ordinary	CFD	Short	6726	3.4351011        GBP
10p Ordinary	CFD	Short	21	3.41485714        GBP
10p Ordinary	CFD	Short	253792	3.384        GBP
10p Ordinary	CFD	Short	3074	3.409885        GBP
10p Ordinary	CFD	Short	11724	3.4069774        GBP
10p Ordinary	CFD	Short	24562	3.384169        GBP
10p Ordinary	CFD	Short	30933	3.4053184046        GBP
10p Ordinary	CFD	Short	4785	3.3840423        GBP
10p Ordinary	CFD	Short	2740	3.44039781        GBP
10p Ordinary	CFD	Short	1238	3.431696        GBP
10p Ordinary	CFD	Short	500000	3.4079        GBP
10p Ordinary	CFD	Short	2000000	3.431052        GBP
10p Ordinary	CFD	Short	370370	3.4597        GBP
10p Ordinary	CFD	Short	1000000	3.41726678        GBP
10p Ordinary	CFD	Short	181	3.405939        GBP
10p Ordinary	CFD	Short	54	3.406333        GBP
10p Ordinary	CFD	Short	76739	3.399636        GBP
10p Ordinary	CFD	Short	213570	3.385241        GBP
10p Ordinary	CFD	Short	2320	3.413613        GBP
10p Ordinary	CFD	Short	24204	3.402128        GBP
10p Ordinary	CFD	Short	19701	3.40682351149688        GBP
10p Ordinary	CFD	Short	22282	3.3849663        GBP
10p Ordinary	CFD	Short	110001	3.43035736        GBP
10p Ordinary	CFD	Short	2890	3.437        GBP
10p Ordinary	CFD	Short	2950	3.389        GBP
10p Ordinary	CFD	Short	808	3.382        GBP
10p Ordinary	CFD	Short	101257	3.420854        GBP
10p Ordinary	CFD	Short	4400	3.4        GBP
10p Ordinary	CFD	Short	2815	3.41        GBP
10p Ordinary	CFD	Short	606	3.431        GBP
10p Ordinary	CFD	Short	6722	3.387        GBP
10p Ordinary	CFD	Short	2635	3.4275        GBP
10p Ordinary	CFD	Short	1608	3.436        GBP
10p Ordinary	CFD	Short	1511	3.43        GBP
10p Ordinary	CFD	Short	1474	3.4285        GBP
10p Ordinary	CFD	Short	2671	3.416        GBP
10p Ordinary	CFD	Short	200000	3.430147        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:	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