Form 8.5 (EPT/NON-RI)-Mondi plc

J.P. Morgan Eq South Africa Prop

17 April 2024

 

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Name of exempt principal trader:	J.P. Morgan Equities South Africa Proprietary Ltd
(b) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Mondi plc
(c) Name of the party to the offer with which exempt principal trader is connected:	Corporate broker to Smith (DS) plc
(d) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	16 April 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 the offer?      If it is a cash offer or possible cash offer, state "N/A"	Yes, Smith (DS) plc & International Paper Company

2.         POSITIONS OF THE EXEMPT PRINCIPAL TRADER

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	EUR 0.22 ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	3,862,363	0.88	0	0
(2) Cash-settled derivatives:	0	0	7,009,288	1.59
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	3,862,363	0.88	7,009,288	1.59

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)        Rights to subscribe for new securities (including directors' and other employee options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

3.         DEALINGS (IF ANY) 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 3(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
EUR 0.22 ordinary	Purchase Sale	48,232 106,095	331.9472 ZAR 335.7422 ZAR	324.0900 ZAR 324.9300 ZAR

(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
EUR 0.22 ordinary	Equity Swap	Decrease Long Decrease Short Increase Long Increase Short Opening a Long Position Opening a Short Position	2,885 2,399 109 2,883 618 3,061 614 318 5,225 322 1,296 1,683 2,400 3,362 7 98 188 118 34 6,936 85 8,008 13,314 566 491 585 236 10 185 317 2,797 114 162 2,720 199 88 922 224 536 6,173 574 507 2,898 523 356 442 1,489 5,863 542 5,440 1,820 3,394 3,568 265 632 446 1,265 193 193	325.2915 ZAR 326.1180 ZAR 326.8751 ZAR 327.8857 ZAR 328.4383 ZAR 328.6807 ZAR 330.5791 ZAR 331.4609 ZAR 331.4932 ZAR 331.5260 ZAR 331.5721 ZAR 331.7305 ZAR 331.9472 ZAR 327.1192 ZAR 328.6600 ZAR 330.1100 ZAR 330.4000 ZAR 325.1100 ZAR 325.9500 ZAR 326.8825 ZAR 326.9482 ZAR 327.0300 ZAR 327.0307 ZAR 327.2204 ZAR 327.4929 ZAR 327.5090 ZAR 327.5708 ZAR 327.7600 ZAR 327.8456 ZAR 327.9927 ZAR 328.1001 ZAR 328.1500 ZAR 328.1778 ZAR 328.1975 ZAR 328.2542 ZAR 328.2600 ZAR 328.2799 ZAR 328.3981 ZAR 328.7516 ZAR 329.1552 ZAR 329.3471 ZAR 329.4383 ZAR 329.5360 ZAR 330.2924 ZAR 330.5475 ZAR 330.8793 ZAR 330.9791 ZAR 331.2159 ZAR 331.3354 ZAR 331.3378 ZAR 331.3467 ZAR 332.8796 ZAR 334.0806 ZAR 334.3592 ZAR 335.7422 ZAR 326.6702 ZAR 326.9207 ZAR 326.8491 ZAR 326.8491 ZAR

(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)

4.         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

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	17 April 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 disclosure requirements on [phone].

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 

END