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

JPMorgan Securities Plc

22 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:	21 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	2,185,938 1,602,761	3.5090 GBP 3.5100 GBP	3.4730 GBP 3.4750 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	15,337 41,527 2,350 39,904 29,584 2,780 354,489 15 831 10,000 11,369 7,077 127 6,762 12,076 14,034 200,000 5,351 125,000 24,269 166,793 123 33,780 5,826 25,888 44,281 4,640 541 19,774 111,941 35,121 18,139 2,925 5,579 528 775 199,442 54,215 6 252 225 941 13,553 2,142 794 1,782	3.4907 GBP 3.4916 GBP 3.4920 GBP 3.4921 GBP 3.4930 GBP 3.4941 GBP 0.0000 GBP 3.4887 GBP 3.4898 GBP 3.4908 GBP 3.4911 GBP 3.4930 GBP 3.4939 GBP 3.5003 GBP 3.4846 GBP 3.4994 GBP 3.4887 GBP 3.4890 GBP 3.4914 GBP 3.4931 GBP 3.4937 GBP 3.4940 GBP 3.5048 GBP 3.4802 GBP 3.4885 GBP 3.4890 GBP 3.4904 GBP 3.4909 GBP 3.4927 GBP 3.4940 GBP 3.4943 GBP 3.4945 GBP 3.4964 GBP 3.4970 GBP 3.4733 GBP 3.4764 GBP 3.4890 GBP 3.4892 GBP 3.4901 GBP 3.4956 GBP 3.4960 GBP 3.5021 GBP 3.5034 GBP 3.5040 GBP 3.5080 GBP 3.5090 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:	22 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