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

JPMorgan Securities Plc

03 May 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:	2 May 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, International Paper Company

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	5,118,066 2,849,551	3.5800 GBP 4.4270 GBP	3.5110 GBP 3.4760 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	4,320 23,913 31,091 126,474 138,321 22,654 4,441 965 173,790 306 10,242 45,899 31,423 11,502 77,062 5,722 23,790 773 19,934 23,065 13,102 14,455 313,297 6,784 23,572 3,462 3,485 2,822 2,484 4,200 9,288 1,542 13,016 59 6,217 1,237 48,287 41,034 500,000 500,000 1,620,000 12,451 9,250 3,600 22,759 3,600 22,759	3.5283 GBP 3.5291 GBP 3.5528 GBP 3.5547 GBP 3.5580 GBP 3.5597 GBP 3.5599 GBP 3.5416 GBP 3.5496 GBP 3.5501 GBP 3.5550 GBP 3.5559 GBP 3.5579 GBP 3.5590 GBP 3.5592 GBP 3.5594 GBP 3.5609 GBP 3.5640 GBP 3.5645 GBP 3.5662 GBP 3.5667 GBP 3.5669 GBP 4.4513 GBP 3.5497 GBP 3.5217 GBP 3.5220 GBP 3.5358 GBP 3.5360 GBP 3.5372 GBP 3.5432 GBP 3.5462 GBP 3.5467 GBP 3.5479 GBP 3.5490 GBP 3.5570 GBP 3.5572 GBP 3.5582 GBP 3.5598 GBP 3.5624 GBP 3.5636 GBP 3.5640 GBP 4.4377 GBP 4.4547 GBP 3.5589 GBP 3.5613 GBP 3.5287 GBP 3.5364 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:	3 May 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