Form 8.5 (EPT/RI)-International Distributions plc

JPMorgan Securities Plc

28 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:	24 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	862,551 1,413,470	3.2200 GBP 3.2200 GBP	3.0800 GBP 3.0660 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 Long Position Opening a Short Position	1,152 18,892 18,973 2 15,180 4,798 5,242 22,853 54,310 807 1,053 70,960 5,353 35,314 177,263 4,035 10,000 45,900 1,100 119,960 5,962 2,769 51,678 77,924 3,972 2,535 3,580 23,164 67 1,399 54,149 1,556 226,293 1,120 20,000 18,872 1,223 148 152 122 265 49,304 1,246 361 473 12,569 1,409 7,727 679 25,379	3.1480 GBP 3.0931 GBP 3.0966 GBP 3.1137 GBP 3.1199 GBP 3.1257 GBP 3.1386 GBP 3.1444 GBP 3.1460 GBP 3.1490 GBP 3.1594 GBP 3.1664 GBP 3.1665 GBP 3.1666 GBP 3.1722 GBP 3.1726 GBP 3.1760 GBP 3.1762 GBP 3.1770 GBP 3.1787 GBP 3.1830 GBP 3.1872 GBP 3.1958 GBP 3.1977 GBP 3.1979 GBP 3.0844 GBP 3.1108 GBP 3.1157 GBP 3.1600 GBP 3.1608 GBP 3.1646 GBP 3.1980 GBP 3.0952 GBP 3.1021 GBP 3.1061 GBP 3.1851 GBP 3.1942 GBP 3.1983 GBP 3.1019 GBP 3.1517 GBP 3.1926 GBP 3.1978 GBP 3.0900 GBP 3.0941 GBP 3.1020 GBP 3.1072 GBP 3.1089 GBP 3.1427 GBP 3.1781 GBP 3.1980 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 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