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

UBS AG (EPT)

10 April 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:	09 April 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	2834747	4.11416        GBP	4.06806        GBP
10p Ordinary	Sell	2152398	4.11400        GBP	4.06401        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	250000	4.08503844        GBP
10p Ordinary	CFD	Long	250000	4.099896        GBP
10p Ordinary	CFD	Long	296469	4.1        GBP
10p Ordinary	CFD	Long	236	4.099788        GBP
10p Ordinary	CFD	Long	165674	4.096628        GBP
10p Ordinary	CFD	Long	5058	4.086        GBP
10p Ordinary	CFD	Long	1728	4.08        GBP
10p Ordinary	CFD	Long	8489	4.09442508        GBP
10p Ordinary	CFD	Long	27766	4.0999775        GBP
10p Ordinary	CFD	Long	71513	4.090987        GBP
10p Ordinary	CFD	Long	6974	4.09839633        GBP
10p Ordinary	CFD	Long	24	4.074        GBP
10p Ordinary	CFD	Long	4900	4.08545306122449        GBP
10p Ordinary	CFD	Long	72300	4.099306        GBP
10p Ordinary	CFD	Long	1519	4.1012771560237        GBP
10p Ordinary	CFD	Long	2637	4.106981        GBP
10p Ordinary	CFD	Long	4482	4.09993975903614        GBP
10p Ordinary	CFD	Short	21794	4.08044645        GBP
10p Ordinary	CFD	Short	3321	4.1019788        GBP
10p Ordinary	CFD	Short	265113	4.1        GBP
10p Ordinary	CFD	Short	7873	4.095078        GBP
10p Ordinary	CFD	Short	3066	4.100848        GBP
10p Ordinary	CFD	Short	49903	4.09676004        GBP
10p Ordinary	CFD	Short	1356	4.06806        GBP
10p Ordinary	CFD	Short	894	4.086        GBP
10p Ordinary	CFD	Short	1343	4.09923902        GBP
10p Ordinary	CFD	Short	164	4.098        GBP
10p Ordinary	CFD	Short	7590	4.104182        GBP
10p Ordinary	CFD	Short	831	4.08576895        GBP
10p Ordinary	CFD	Short	29300	4.0817747440273        GBP
10p Ordinary	CFD	Short	3967	4.09553062767835        GBP
10p Ordinary	CFD	Short	383	4.078        GBP
10p Ordinary	CFD	Short	4963	4.09730606488011        GBP
10p Ordinary	CFD	Short	2550	4.100182        GBP
10p Ordinary	CFD	Short	2706	5.196422        USD
10p Ordinary	CFD	Short	17374	4.10314539        GBP
10p Ordinary	CFD	Short	28954	4.09813801        GBP
10p Ordinary	CFD	Short	23162	4.1011        GBP
10p Ordinary	CFD	Short	23164	4.0941        GBP
10p Ordinary	CFD	Short	17374	4.107        GBP
10p Ordinary	CFD	Short	11582	4.1021        GBP
10p Ordinary	CFD	Short	21302	4.09698282        GBP
10p Ordinary	CFD	Short	702943	4.1013        GBP
10p Ordinary	CFD	Short	500000	4.1079        GBP
10p Ordinary	CFD	Short	100000	4.1081        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:	10 April 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