This announcement replaces the previous RNS announcement 6546K released at 12:09 on the 15th April 2024. Amendments to sections 2a and 2b. All other information remains unchanged
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: | UBS Investment Bank, London |
| (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: | Mondi plc connected to UBS |
| (d) Date dealing undertaken: | 11 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 this offer? If it is a cash offer or possible cash offer, state "N/A" | YES
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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 | Buy
| 4829548 | 4.13062 GBP | 4.06400 GBP |
| 10p Ordinary | Sell
| 6004401 | 4.13000 GBP | 4.06400 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 | CFD
| Long | 14131 | 4.082617 GBP |
| 10p Ordinary | CFD
| Long | 4156 | 4.08846469 GBP |
| 10p Ordinary | CFD
| Long | 96815 | 4.09831398 GBP |
| 10p Ordinary | CFD
| Long | 24389 | 4.08719 GBP |
| 10p Ordinary | CFD
| Long | 314 | 4.0796624 GBP |
| 10p Ordinary | CFD
| Long | 4740 | 4.0865211 GBP |
| 10p Ordinary | CFD
| Long | 262 | 4.079 GBP |
| 10p Ordinary | CFD
| Long | 10900 | 4.10186330275229 GBP |
| 10p Ordinary | CFD
| Long | 11100 | 4.09171441441441 GBP |
| 10p Ordinary | CFD
| Long | 1620 | 4.09662345679012 GBP |
| 10p Ordinary | CFD
| Long | 3251 | 4.103257 GBP |
| 10p Ordinary | CFD
| Long | 42791 | 4.1291738917062 GBP |
| 10p Ordinary | CFD
| Long | 1950000 | 4.100307 GBP |
| 10p Ordinary | CFD
| Long | 379489 | 4.13 GBP |
| 10p Ordinary | CFD
| Long | 10064 | 4.098 GBP |
| 10p Ordinary | CFD
| Long | 2000 | 4.099052 GBP |
| 10p Ordinary | CFD
| Long | 304254 | 4.104963 GBP |
| 10p Ordinary | CFD
| Long | 8376 | 4.096 GBP |
| 10p Ordinary | CFD
| Long | 2000 | 4.099 GBP |
| 10p Ordinary | CFD
| Long | 50209 | 4.08 GBP |
| 10p Ordinary | CFD
| Long | 4739 | 4.074 GBP |
| 10p Ordinary | CFD
| Long | 7913 | 4.076 GBP |
| 10p Ordinary | CFD
| Long | 4820 | 4.077 GBP |
| 10p Ordinary | CFD
| Long | 2877 | 4.078 GBP |
| 10p Ordinary | CFD
| Long | 3869284 | 4.122 GBP |
| 10p Ordinary | CFD
| Long | 23164 | 4.1259 GBP |
| 10p Ordinary | CFD
| Short | 1320 | 4.13062121212121 GBP |
| 10p Ordinary | CFD
| Short | 34746 | 4.08 GBP |
| 10p Ordinary | CFD
| Short | 7012 | 4.079064 GBP |
| 10p Ordinary | CFD
| Short | 680 | 4.130206 GBP |
| 10p Ordinary | CFD
| Short | 438014 | 4.13 GBP |
| 10p Ordinary | CFD
| Short | 40536 | 4.0841 GBP |
| 10p Ordinary | CFD
| Short | 552822 | 4.08753074 GBP |
| 10p Ordinary | CFD
| Short | 141201 | 4.129296 GBP |
| 10p Ordinary | CFD
| Short | 20005 | 4.08877730567358 GBP |
| 10p Ordinary | CFD
| Short | 3975 | 4.08187 GBP |
| 10p Ordinary | CFD
| Short | 7905 | 4.08071473750791 GBP |
| 10p Ordinary | CFD
| Short | 11700 | 4.08181025641026 GBP |
| 10p Ordinary | CFD
| Short | 377 | 4.08551459 GBP |
| 10p Ordinary | CFD
| Short | 45483 | 4.1299108 GBP |
| 10p Ordinary | CFD
| Short | 322 | 4.08035404 GBP |
| 10p Ordinary | CFD
| Short | 4232 | 4.086252 GBP |
| 10p Ordinary | CFD
| Short | 2 | 4.11 GBP |
| 10p Ordinary | CFD
| Short | 24 | 4.10483299666667 GBP |
| 10p Ordinary | CFD
| Short | 8578 | 4.088774 GBP |
| 10p Ordinary | CFD
| Short | 7677 | 4.13005163 GBP |
| 10p Ordinary | CFD
| Short | 1321 | 4.12364118 GBP |
| 10p Ordinary | CFD
| Short | 53871 | 4.10092309 GBP |
| 10p Ordinary | CFD
| Short | 9368 | 4.087281 GBP |
| 10p Ordinary | CFD
| Short | 80000 | 4.0885 GBP |
| 10p Ordinary | CFD
| Short | 48858 | 4.083079 GBP |
| 10p Ordinary | CFD
| Short | 3869284 | 4.122 GBP |
| 10p Ordinary | CFD
| Short | 182000 | 4.083 GBP |
| 10p Ordinary | CFD
| Short | 22615 | 4.09081587 GBP |
| 10p Ordinary | CFD
| Short | 21158 | 4.10220541 GBP |
| 10p Ordinary | CFD
| Short | 5970 | 4.0862111 GBP |
| 10p Ordinary | CFD
| Long | 23164 | 4.12190 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 |
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(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) |
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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 " |
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None
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(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" |
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None |
Date of disclosure: | 16 April 2024 |
Contact name: | Richard Howard |
Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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