Form 8.5 (EPT/RI)-International Distributions

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	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:	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"	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	431,852 468,761	2.8100 GBP 2.8060 GBP	2.7600 GBP 2.7600 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	1,478 511 244 5,107 2,282 27,246 19,841 803 1,300 274 92 3,617 24,104 169 3,668 2,787 1,318 165,517 62,138 4,271 5,000 1,500 170 77 10,660 618 1,335 1,086 92 5,339 10 7,813 13,167 171 7 5 12,142 9,928 3,530 6,958 21,554 3,517 2,473 72 4,203	2.7654 GBP 2.7680 GBP 2.7701 GBP 2.7720 GBP 2.7774 GBP 2.7800 GBP 2.7801 GBP 2.7802 GBP 2.7891 GBP 2.7678 GBP 2.7707 GBP 2.7750 GBP 2.7788 GBP 2.7789 GBP 2.7791 GBP 2.7794 GBP 2.7798 GBP 2.7800 GBP 2.7814 GBP 2.7825 GBP 2.7833 GBP 2.7899 GBP 2.7903 GBP 2.7904 GBP 2.7932 GBP 2.7960 GBP 2.7992 GBP 2.8058 GBP 2.7755 GBP 2.7796 GBP 2.7805 GBP 2.7833 GBP 2.7947 GBP 2.7979 GBP 2.7604 GBP 2.7763 GBP 2.7785 GBP 2.7790 GBP 2.7799 GBP 2.7803 GBP 2.7821 GBP 2.7921 GBP 2.7971 GBP 2.8060 GBP 2.8071 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