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

JPMorgan Securities Plc

08 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:	7 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	19,307,439 14,388,828	3.7160 GBP 3.7140 GBP	3.3728 GBP 3.4129 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	4,227 1,276 400 33,825 334,837 347,575 101,475 15,329 2,660 3,397 24,151 1,956 6,643 918 4,749 4,317 975 3,141 51,903 2,384 247 671 71,079 720,000 59,063 13,223 2,059 15,169 8,145 2,815 257,776 38,251 54,638 219,800 47,749 33,588 121,904 255 8,770 15,945 1,801 1,091,800 1,160,000 507,725 652,275 1,848 6,000 20,000 20,000 6,000	3.5807 GBP 3.5918 GBP 3.6695 GBP 3.5482 GBP 3.5798 GBP 3.5800 GBP 3.5943 GBP 3.6019 GBP 3.6442 GBP 3.6498 GBP 3.6505 GBP 3.6512 GBP 3.6557 GBP 3.6578 GBP 3.6671 GBP 3.6672 GBP 3.6790 GBP 3.6820 GBP 3.6918 GBP 3.7038 GBP 3.7099 GBP 3.7100 GBP 3.7102 GBP 4.6075 GBP 3.5864 GBP 3.5321 GBP 3.5366 GBP 3.5389 GBP 3.5615 GBP 3.5696 GBP 3.5800 GBP 3.5804 GBP 3.6010 GBP 3.6095 GBP 3.6172 GBP 3.6192 GBP 3.6305 GBP 3.6321 GBP 3.6402 GBP 3.6477 GBP 3.6480 GBP 3.6591 GBP 3.6615 GBP 3.6627 GBP 3.6628 GBP 4.5089 GBP 3.6063 GBP 3.6221 GBP 3.4954 GBP 3.5210 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:	8 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