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

JPMorgan Securities Plc

26 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:	25 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	2,564,165 1,847,008	3.5100 GBP 3.5100 GBP	3.4774 GBP 3.4780 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	2,873 382,135 53,075 15,640 69,334 8,341 137 1,197 2,332 60 4,374 133,064 12 3,577 6,237 100,000 7,748 1,918 53,460 145 50,000 8,341 334 33,303 12,075 6,705 3,606 6,504 158 1,270 359 69 647,855 1,153 1,176 1 1,170 7,332 335 1,381 1,476 1,281 3,477 632 1,295 631,891 59,638	3.4945 GBP 3.4998 GBP 3.5053 GBP 3.5093 GBP 3.5094 GBP 3.4849 GBP 3.4949 GBP 3.4979 GBP 3.5020 GBP 3.5097 GBP 3.5098 GBP 3.5100 GBP 3.4789 GBP 3.5009 GBP 3.5051 GBP 3.4887 GBP 3.4906 GBP 3.4910 GBP 3.4984 GBP 3.5007 GBP 3.5067 GBP 3.5100 GBP 3.4780 GBP 3.4899 GBP 3.4903 GBP 3.4905 GBP 3.4935 GBP 3.4938 GBP 3.4940 GBP 3.4964 GBP 3.5009 GBP 3.5035 GBP 3.5100 GBP 3.4774 GBP 3.4780 GBP 3.4802 GBP 3.4807 GBP 3.4830 GBP 3.4871 GBP 3.4886 GBP 3.4941 GBP 3.4954 GBP 3.4981 GBP 3.5032 GBP 3.5052 GBP 3.5100 GBP 3.5102 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:	26 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