Form 8.5 (EPT/RI)-International Distributions plc

JPMorgan Securities Plc

10 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	International Distributions Services plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Financial adviser to EP Corporate Group a.s
(d) Date dealing undertaken:	9 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"	N/A

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
1p ordinary	Purchase Sale	916,980 478,332	2.9000 GBP 2.8883 GBP	2.7980 GBP 2.8100 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
1p ordinary	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short Opening a Short Position	68,158 35,249 17 16 1,074 115 565 134 7,194 7,000 800 567 2,230 66,291 1,689 4,043 1,281 790 523 31 1,888 5,524 550 3,540 3,855 85 6,491 895 72 550 4,805 1,877 4,387 17,122 1,172 760 14,298 198 17,911 22,528 65 5 9,272 292 200 10,765 69,887 69,887	2.8240 GBP 2.8241 GBP 2.8472 GBP 2.8496 GBP 2.8539 GBP 2.8591 GBP 2.8601 GBP 2.8641 GBP 2.8240 GBP 2.8397 GBP 2.8460 GBP 2.8507 GBP 2.8570 GBP 2.8582 GBP 2.8600 GBP 2.8626 GBP 2.8639 GBP 2.8682 GBP 2.8684 GBP 2.8697 GBP 2.8719 GBP 2.8723 GBP 2.8200 GBP 2.8236 GBP 2.8334 GBP 2.8402 GBP 2.8403 GBP 2.8540 GBP 2.8573 GBP 2.8579 GBP 2.8588 GBP 2.8600 GBP 2.8604 GBP 2.8651 GBP 2.8737 GBP 2.7980 GBP 2.8240 GBP 2.8243 GBP 2.8299 GBP 2.8509 GBP 2.8543 GBP 2.8563 GBP 2.8600 GBP 2.8616 GBP 2.8619 GBP 2.8621 GBP 2.8580 GBP 2.8583 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:	10 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