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

UBS AG (EPT)

22 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:	19 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	25158871	4.45440       GBP	3.40500        GBP
10p Ordinary	Sell	11992795	3.98000 GBP	3.40500        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	116028	3.55326526        GBP
10p Ordinary	CFD	Long	1000000	3.64708        GBP
10p Ordinary	CFD	Long	635227	3.5        GBP
10p Ordinary	CFD	Long	206866	3.586        GBP
10p Ordinary	CFD	Long	110028	3.58990317        GBP
10p Ordinary	CFD	Long	1172	3.6776322        GBP
10p Ordinary	CFD	Long	5745	3.6752919991993        GBP
10p Ordinary	CFD	Long	27326	3.69894141        GBP
10p Ordinary	CFD	Long	3055	3.963941        GBP
10p Ordinary	CFD	Long	35165	3.769259        GBP
10p Ordinary	CFD	Long	937	3.788        GBP
10p Ordinary	CFD	Long	6992	3.50708352        GBP
10p Ordinary	CFD	Long	3460	3.961537        GBP
10p Ordinary	CFD	Long	1650	3.95596364        GBP
10p Ordinary	CFD	Long	2251	3.95472012        GBP
10p Ordinary	CFD	Long	339527	3.57821        GBP
10p Ordinary	CFD	Long	1182987	3.953372        GBP
10p Ordinary	CFD	Long	8800	3.94418636363636        GBP
10p Ordinary	CFD	Long	139065	3.54797698917772        GBP
10p Ordinary	CFD	Long	127658	3.54456085791725        GBP
10p Ordinary	CFD	Long	27400	3.58599890510949        GBP
10p Ordinary	CFD	Long	114712	3.55705305460632        GBP
10p Ordinary	CFD	Long	152746	3.95456516046247        GBP
10p Ordinary	CFD	Long	19150	3.83054725848564        GBP
10p Ordinary	CFD	Long	3438	3.96122745782432        GBP
10p Ordinary	CFD	Long	17155	3.58528300786943        GBP
10p Ordinary	CFD	Long	2984	3.57493        GBP
10p Ordinary	CFD	Long	6167	3.728859        GBP
10p Ordinary	CFD	Long	16705	3.686977        GBP
10p Ordinary	CFD	Long	22629	3.59438685        GBP
10p Ordinary	CFD	Long	25000	3.481060319048        GBP
10p Ordinary	CFD	Long	25000	3.47091751        GBP
10p Ordinary	CFD	Long	395765	3.56504325        GBP
10p Ordinary	CFD	Long	98485	3.64655464        GBP
10p Ordinary	CFD	Short	600000	3.57558333        GBP
10p Ordinary	CFD	Short	5100000	3.58624916        GBP
10p Ordinary	CFD	Short	2316815	3.597679        GBP
10p Ordinary	CFD	Short	750000	3.512808        GBP
10p Ordinary	CFD	Short	850000	3.494919        GBP
10p Ordinary	CFD	Short	635227	4.35372        USD
10p Ordinary	CFD	Short	100000	4.4544        USD
10p Ordinary	CFD	Short	177000	4.3981396        USD
10p Ordinary	CFD	Short	1300000	3.5237        GBP
10p Ordinary	CFD	Short	3000000	3.963773        GBP
10p Ordinary	CFD	Short	46863	3.5842725        GBP
10p Ordinary	CFD	Short	159881	3.558619        GBP
10p Ordinary	CFD	Short	4693	3.56913574        GBP
10p Ordinary	CFD	Short	83913	3.52470963974593        GBP
10p Ordinary	CFD	Short	51823	3.50643748914575        GBP
10p Ordinary	CFD	Short	47264	3.52112009140149        GBP
10p Ordinary	CFD	Short	23781	3.71403683612968        GBP
10p Ordinary	CFD	Short	66267	3.52313776087645        GBP
10p Ordinary	CFD	Short	498352	3.586        GBP
10p Ordinary	CFD	Short	14156	3.5886155        GBP
10p Ordinary	CFD	Short	25511	3.58716436047195        GBP
10p Ordinary	CFD	Short	528186	3.571978        GBP
10p Ordinary	CFD	Short	50000	3.5987196        GBP
10p Ordinary	CFD	Short	50000	3.568152        GBP
10p Ordinary	CFD	Short	200000	4.45783953        USD
10p Ordinary	CFD	Short	913148	3.585666        GBP
10p Ordinary	CFD	Short	51748	3.5754299        GBP
10p Ordinary	CFD	Short	52179	3.5871221        GBP
10p Ordinary	CFD	Short	8815	3.5865377197958        GBP
10p Ordinary	CFD	Short	9296	3.56345524956971        GBP
10p Ordinary	CFD	Short	54444	3.56345547718757        GBP
10p Ordinary	CFD	Short	56698	3.66202        GBP
10p Ordinary	CFD	Short	29306	3.95974        GBP
10p Ordinary	CFD	Short	2029	3.822        GBP
10p Ordinary	CFD	Short	68946	3.56768606        GBP
10p Ordinary	CFD	Short	58579	3.60232014        GBP
10p Ordinary	CFD	Short	16183	3.588864        GBP
10p Ordinary	CFD	Short	10738	3.597481        GBP
10p Ordinary	CFD	Short	1236	3.52406958        GBP
10p Ordinary	CFD	Short	51473	3.53159633        GBP
10p Ordinary	CFD	Short	142867	3.55390008        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 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