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

JPMorgan Securities Plc

28 June 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:	27 June 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	26,952,641 22,537,531	4.2622 GBP 4.2620 GBP	3.8760 GBP 3.8680 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	2,739 109,550 16,401 11,708 63,525 11,711 45,002 439,905 5,800 10,126 6,609 42,421 34,287 900,000 8,841 56,109 4 300,000 10,777 5 53,385 1,350,000 1,500,000 68,780 4,143 12,355 12,429 8,074 3,029 10,530 34,427 3,059 8,670 910 37,293 13,202 268 50,946 8,805 14,129 131,205 738 14,621 228 4,959 58 728 86 317,750	4.1035 GBP 4.2464 GBP 4.2520 GBP 3.9105 GBP 3.9138 GBP 3.9161 GBP 4.0811 GBP 4.1058 GBP 4.1532 GBP 4.1576 GBP 4.1597 GBP 4.2005 GBP 4.2198 GBP 4.2620 GBP 3.9017 GBP 4.1230 GBP 4.2617 GBP 3.9009 GBP 4.1294 GBP 4.1423 GBP 4.1607 GBP 4.1770 GBP 4.1905 GBP 4.2048 GBP 5.1668 GBP 5.1747 GBP 5.2321 GBP 3.8752 GBP 3.9033 GBP 3.9077 GBP 3.9138 GBP 3.9172 GBP 3.9220 GBP 3.9300 GBP 3.9515 GBP 3.9615 GBP 4.0315 GBP 4.0469 GBP 4.0574 GBP 4.0680 GBP 4.2620 GBP 3.8760 GBP 3.8895 GBP 3.9143 GBP 3.9361 GBP 4.0324 GBP 4.0800 GBP 4.1285 GBP 4.2622 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:	28 June 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