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

UBS AG (EPT)

11 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:	10 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	6877672	4.14222        GBP	4.05200        GBP
10p Ordinary	Sell	2982452	4.12641        GBP	4.04899        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	10689	4.111781        GBP
10p Ordinary	CFD	Long	10746	4.11034338358459        GBP
10p Ordinary	CFD	Long	25730	4.12517489312087        GBP
10p Ordinary	CFD	Long	2000000	4.083468        GBP
10p Ordinary	CFD	Long	12800	4.054        GBP
10p Ordinary	CFD	Long	15668	4.11626322        GBP
10p Ordinary	CFD	Long	3553	4.094472        GBP
10p Ordinary	CFD	Long	109592	4.126        GBP
10p Ordinary	CFD	Long	259	4.102421        GBP
10p Ordinary	CFD	Long	4291	4.125905        GBP
10p Ordinary	CFD	Long	2335	4.125794        GBP
10p Ordinary	CFD	Long	31788	4.094779        GBP
10p Ordinary	CFD	Long	22400	4.062        GBP
10p Ordinary	CFD	Long	892	4.078        GBP
10p Ordinary	CFD	Long	220527	4.084891        GBP
10p Ordinary	CFD	Long	27520	4.052        GBP
10p Ordinary	CFD	Long	4333	4.072        GBP
10p Ordinary	CFD	Long	5632	4.09        GBP
10p Ordinary	CFD	Long	10147	4.0889908        GBP
10p Ordinary	CFD	Long	58098	4.085031        GBP
10p Ordinary	CFD	Long	8203	4.1061046        GBP
10p Ordinary	CFD	Long	10534	4.08755316        GBP
10p Ordinary	CFD	Long	7400	4.08371351351351        GBP
10p Ordinary	CFD	Long	10754	4.1189464385345        GBP
10p Ordinary	CFD	Long	946	4.11628964059197        GBP
10p Ordinary	CFD	Short	114282	4.070034        GBP
10p Ordinary	CFD	Short	17200	4.09522848837209        GBP
10p Ordinary	CFD	Short	5313	4.08723131940523        GBP
10p Ordinary	CFD	Short	94146	4.12529        GBP
10p Ordinary	CFD	Short	380	4.10060526315789        GBP
10p Ordinary	CFD	Short	25185	4.092333        GBP
10p Ordinary	CFD	Short	3979	4.0855426        GBP
10p Ordinary	CFD	Short	2964	5.17701598        USD
10p Ordinary	CFD	Short	28954	4.1089542        GBP
10p Ordinary	CFD	Short	390000	4.06008        GBP
10p Ordinary	CFD	Short	31712	4.09414903        GBP
10p Ordinary	CFD	Short	50115	4.052        GBP
10p Ordinary	CFD	Short	1836	4.093916        GBP
10p Ordinary	CFD	Short	9	4.142        GBP
10p Ordinary	CFD	Short	5210390	4.1        GBP
10p Ordinary	CFD	Short	100000	4.1041        GBP
10p Ordinary	CFD	Short	100000	4.1021        GBP
10p Ordinary	CFD	Short	195219	4.126        GBP
10p Ordinary	CFD	Short	150000	4.098        GBP
10p Ordinary	CFD	Short	1773	4.076184        GBP
10p Ordinary	CFD	Short	3017	4.094113        GBP
10p Ordinary	CFD	Short	28049	4.090262        GBP
10p Ordinary	CFD	Short	1158	4.062        GBP
10p Ordinary	CFD	Short	677	4.124        GBP
10p Ordinary	CFD	Short	29875	4.07780241        GBP
10p Ordinary	CFD	Short	3602	4.081806        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:	11 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