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

JPMorgan Securities Plc

29 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:	28 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	3,940,871 7,271,779	3.7500 GBP 3.7511 GBP	3.6980 GBP 3.6960 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	2,376 10,707 8,366 100,000 200,000 7,186 3,651 182 4,157 100,000 7,866 342 18,819 2,023 1,250,000 6,527 12,466 79,421 6,217 17,654 25,657 54,219 50,000 100,000 1,125,687 1,349 500,000 500,000 129 2,185 3,931 3,022 9,032 11,445 2,351 1,984 3,347 8,364 100,000 3,721 36,000 5,697 2,773 126,145 404,911 119,637 15,487	3.7119 GBP 3.7437 GBP 3.7446 GBP 3.6998 GBP 3.7016 GBP 3.7030 GBP 3.7031 GBP 3.7040 GBP 3.7065 GBP 3.7067 GBP 3.7078 GBP 3.7089 GBP 3.7128 GBP 3.7130 GBP 3.7131 GBP 3.7137 GBP 3.7143 GBP 3.7167 GBP 3.7178 GBP 3.7237 GBP 3.7251 GBP 3.7351 GBP 3.7356 GBP 3.7376 GBP 3.7440 GBP 3.7511 GBP 4.7198 GBP 4.7316 GBP 3.7256 GBP 3.7503 GBP 3.7020 GBP 3.7022 GBP 3.7027 GBP 3.7036 GBP 3.7041 GBP 3.7054 GBP 3.7061 GBP 3.7063 GBP 3.7079 GBP 3.7090 GBP 3.7098 GBP 3.7103 GBP 3.7184 GBP 3.7199 GBP 3.7272 GBP 3.7442 GBP 3.7444 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:	29 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