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

JPMorgan Securities Plc

13 March 2024

 

AMENDMENT

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:	8 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	16,030,357 13,612,321	3.5030 GBP 3.5060 GBP	3.4195 GBP 3.4116 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	4,270  8,782  175,106  100  2,378  140,227  727,641  125,814  400  325,197  9,610  2,408  2,042  95,200  2,385  4,968  115,287  5,847  735  534  3,859  5,997  75,360  17,621  1,063  4,845  20,742  19,818  981,904  1,266  12,680  3,563  3,249  1,500,000  136,300  272  1,450  6,126  45,105  3,593  1,457  23,886  2,389  236,262  25,295  1,648  47,422  17,345  8,812  908  242,472  717  70,837  70,835  68,568  2,266  54,220  112,000  11,789  6,354  219,591  7,168  4,404  84,668  5,983  1,342  2,853  70,834	3.4200 GBP 3.4297 GBP 3.4564 GBP 3.4569 GBP 3.4570 GBP 3.4579 GBP 3.4645 GBP 3.4664 GBP 3.4750 GBP 3.4838 GBP 3.4200 GBP 3.4247 GBP 3.4307 GBP 3.4348 GBP 3.4361 GBP 3.4365 GBP 3.4409 GBP 3.4446 GBP 3.4487 GBP 3.4508 GBP 3.4538 GBP 3.4831 GBP 3.4240 GBP 3.4454 GBP 3.4460 GBP 3.4466 GBP 3.4566 GBP 3.4575 GBP 3.4654 GBP 3.4672 GBP 3.4925 GBP 3.4416 GBP 3.4565 GBP 3.4623 GBP 3.4737 GBP 3.4268 GBP 3.4408 GBP 3.4439 GBP 3.4440 GBP 3.4464 GBP 3.4470 GBP 3.4496 GBP 3.4612 GBP 3.4636 GBP 3.4650 GBP 3.4652 GBP 3.4659 GBP 3.4704 GBP 3.4800 GBP 3.4940 GBP 3.4200 GBP 3.4202 GBP 3.4251 GBP 3.4304 GBP 3.4381 GBP 3.4382 GBP 3.4463 GBP 3.4523 GBP 3.4525 GBP 3.4528 GBP 3.4547 GBP 3.4562 GBP 3.4586 GBP 3.4635 GBP 3.4742 GBP 3.4800 GBP 3.4840 GBP 3.4857 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