Source - RNS
RNS Number : 4340O
J.P. Morgan Securities LLC
17 May 2018
 

Ap27

 

FORM 38.5(b)

 

IRISH TAKEOVER PANEL

 

DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

 

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT RECOGNISED INTERMEDIARY STATUS, OR WITH RECOGNISED INTERMEDIARY

STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

 

 

1.          KEY INFORMATION

 

Name of exempt principal trader

J.P. Morgan Securities LLC

Company dealt in

International Paper Company

Class of relevant security to which the dealings being disclosed relate (Note 1)

USD1.00 Common Stock

Date of dealing

16 May 2018

 

2.          INTERESTS AND SHORT POSITIONS

 

(a)         Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2)

 


Long

Short


Number


(%)

Number


(%)

(1) Relevant securities

494,830 (0.12%)

354,132 (0.09%)

(2) Derivatives (other than options)

108,413 (0.03%)

220,079 (0.05%)

(3) Options and agreements to purchase/sell

265,600 (0.06%)

-

Total

868,843 (0.21%)

574,211 (0.14%)

 

(b)         Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2)

 

Class of relevant security:

Long

Short


Number


(%)

Number


(%)

(1) Relevant securities



(2) Derivatives (other than options)



(3) Options and agreements to purchase/sell



Total



 



 

Ap28

 

3.       DEALINGS (Note 3)

(a)      Purchases and sales

 

Purchases/ sales

 

Number of relevant securities

Price per unit  (USD)

Purchases

 

 

 

Sales

10

4

800

100

365

197

460

1,400

16,678

10,320

13,616

145

200

399

 

10

4

126

187

6,350

16,678

10,320

9,233

399

54.7000

54.7300

54.8838

54.9600

54.9900

55.0048

55.0300

55.0743

55.1247

55.1344

55.1472

55.1500

55.3150

55.5700

 

54.7000

54.7300

54.9800

55.0000

55.0300

55.1247

55.1344

55.1551

55.5700

(b)      Derivatives transactions (other than options transactions)

 

Product name,

e.g. CFD

Nature of transaction

(Note 5)

Number of relevant securities

(Note 6)

Price per unit (USD)

(Note 4)

Equity Swaps

Long

 

Short

10,320

 

16,678

55.1344

 

55.1247

 

(c)      Options transactions in respect of existing relevant securities

 

 

(i)       Writing, selling, purchasing or varying

 

Product name,

e.g. call option

Writing, selling, purchasing, varying etc.

Number of securities to which the option relates (Note 7)

Exercise price

Type, e.g. American, European etc.

Expiry date

Option money paid/received per unit (Note 4)








(ii)      Exercising

 

Product name,

e.g. call option

Number of securities

Exercise price per unit (Note 4)




 

 

 

(d)      Other dealings (including transactions in respect of new securities) (Note 3)

Nature of transaction

(Note 7)

Details

Price per unit

(if applicable) (Note 4)




 

 

 

 

 

 

 

Ap29

 

4.       OTHER INFORMATION

 

Agreements, arrangements or understandings relating to options or derivatives

 

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities

under any option referred to on this form or relating to the voting rights or future

acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

 

 

 

 

 

 

 

 

Is a Supplemental Form 38.5(b) attached? (Note 8)                    Yes

 

Date of disclosure

17 May 2018

Contact name

Alwyn Basch

Telephone number

020 7742 7407

Name of offeree/offeror with which connected

International Paper Company

Nature of connection (Note 9)

Financial Advisor to International Paper Company

Ap31

 

SUPPLEMENTAL FORM 38.5(b)

 

 

 

 

IRISH TAKEOVER PANEL

 

DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

 

DETAILS OF OPEN POSITIONS

 

(This form should be attached to Form 38.5(b)) OPEN POSITIONS (Note 1)

 

Product name,

e.g. call option

Written or purchased

Number of relevant securities to which the option or derivative relates

Exercise price (Note 2)

Type, e.g. American, European etc.

Expiry date

Call Option

Purchased

 22,300

50.00

American

18/01/2019

Call Option

Purchased

 12,700

52.50

American

18/01/2019

Call Option

Purchased

 3,400

55.00

American

18/01/2019

Call Option

Purchased

 4,900

57.50

American

18/01/2019

Call Option

Purchased

 6,200

60.00

American

18/01/2019

Call Option

Purchased

 2,800

62.50

American

18/01/2019

Call Option

Purchased

 300

65.00

American

18/01/2019

Call Option

Purchased

 8,500

70.00

American

18/01/2019

Call Option

Purchased

 29,900

75.00

American

18/01/2019

Call Option

Purchased

 1,100

80.00

American

18/01/2019

Put Option

Written

 15,200

30.00

American

18/01/2019

Put Option

Written

 28,200

33.00

American

18/01/2019

Put Option

Written

 27,600

35.00

American

18/01/2019

Put Option

Written

 21,600

38.00

American

18/01/2019

Put Option

Written

 26,400

40.00

American

18/01/2019

Put Option

Written

 21,900

43.00

American

18/01/2019

Put Option

Written

 10,300

45.00

American

18/01/2019

Put Option

Written

 20,800

47.00

American

18/01/2019

Put Option

Written

 1,500

50.00

American

18/01/2019

 

Notes

 

1.      Where there are open option positions or open derivative positions (except for CFDs), full details should be given. 

Full details of any existing agreements to purchase or to sell must also be given on this form.

 

2.       For all prices and other monetary amounts, the currency must be stated.

 

For full details of disclosure requirements, see Rules 8 and

38.5 of the Rules. If in doubt, consult the Panel.

 

 


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