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

JPMorgan Securities Plc

27 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:	26 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	2,528,406 1,843,031	3.5990 GBP 3.6000 GBP	3.4815 GBP 3.4820 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	10,706 370,859 2,155 102 74 2,400 200 28,177 2,272 26,117 39,389 20,803 7,342 11 285 1,512 2,300 9,646 45,650 322,305 251 3,110 1,587 26,217 87,826 19,438 26,340 2,084 57,206 6,527 857 4,168 5,989 2,130 57,380 92 1,214 3,527 1,778 375 17,023 1,243 201,209 60,041	3.5298 GBP 3.5672 GBP 3.5714 GBP 3.5498 GBP 3.5538 GBP 3.5694 GBP 3.5731 GBP 3.5758 GBP 3.5903 GBP 3.5980 GBP 3.5473 GBP 3.5913 GBP 3.5975 GBP 3.4845 GBP 3.4848 GBP 3.5030 GBP 3.5468 GBP 3.5701 GBP 3.5741 GBP 3.5828 GBP 3.5980 GBP 3.5295 GBP 3.5511 GBP 3.5519 GBP 3.5574 GBP 3.5641 GBP 3.5655 GBP 3.5700 GBP 3.5731 GBP 3.5789 GBP 3.5801 GBP 3.5816 GBP 3.5841 GBP 3.5953 GBP 3.5979 GBP 3.4840 GBP 3.4955 GBP 3.4995 GBP 3.5143 GBP 3.5471 GBP 3.5473 GBP 3.5927 GBP 3.5980 GBP 3.5982 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:	27 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