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: | 17 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" | 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 | 3,824,376
3,032,776 | 2.7601 GBP
2.7600 GBP | 2.1280 GBP
2.1260 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
| 13,474 189 14,904
79 44 40 2 550 5,198 983 746 2,000 51,235 12,579 4,276 70,850 68,230 106,391 22,367 17,899 1,471 2,887 10,000 65,747 2,919 74 43,463 41,119 70,418 4,041
425 94,621 8
6,738 57,349 5,512 13,092 1,309 20,304 12,667 35,100 8,037 60,166 2,662 4,276 1,725 1,615 29,577 11,333 40,580 29,347 4,415 47,797 298,950 153,256 6 34,061 31,351 27,850 15,104 11,453 14,355 110,713 9,599 6,700 8,171 5,281 147,087 4,755 4,434 993 2,512 244,679
6,000 28,100 185,828 8,365
8,100 206,396 6,000 31,365 | 2.4744 GBP 2.5553 GBP 2.5829 GBP
2.1478 GBP 2.1637 GBP 2.1648 GBP 2.2048 GBP 2.2838 GBP 2.4030 GBP 2.4517 GBP 2.4598 GBP 2.5015 GBP 2.5199 GBP 2.5236 GBP 2.5287 GBP 2.5341 GBP 2.5467 GBP 2.5510 GBP 2.5657 GBP 2.5725 GBP 2.5745 GBP 2.5757 GBP 2.5817 GBP 2.5821 GBP 2.6231 GBP 2.6457 GBP 2.7036 GBP 2.7310 GBP 2.7597 GBP 2.7600 GBP
2.1417 GBP 2.5058 GBP 2.5662 GBP
2.2218 GBP 2.2696 GBP 2.3768 GBP 2.3774 GBP 2.3776 GBP 2.4367 GBP 2.4373 GBP 2.4938 GBP 2.4963 GBP 2.5210 GBP 2.5271 GBP 2.5287 GBP 2.5311 GBP 2.5334 GBP 2.5353 GBP 2.5418 GBP 2.5429 GBP 2.5466 GBP 2.5470 GBP 2.5533 GBP 2.5557 GBP 2.5561 GBP 2.5563 GBP 2.5567 GBP 2.5607 GBP 2.5646 GBP 2.5658 GBP 2.5715 GBP 2.5729 GBP 2.5741 GBP 2.5807 GBP 2.6139 GBP 2.6268 GBP 2.6686 GBP 2.6788 GBP 2.6819 GBP 2.7210 GBP 2.7600 GBP 2.7601 GBP 2.7604 GBP
2.5244 GBP 2.5274 GBP 2.5796 GBP 2.7595 GBP
2.3300 GBP 2.3312 GBP 2.4953 GBP 2.5916 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: | 18 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 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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