AMENDMENT
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 | Smith (DS) plc |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Corporate broker to Smith (DS) plc |
| (d) Date dealing undertaken: | 21 February 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, Mondi plc |
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 | Purchase
Sale | 1,203,973
694,882 | 3.2376 GBP
3.2435 GBP | 3.1901 GBP
3.1960 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 | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a long position
Opening a short position | 76 1,089 8,696 139 73,041 11,829 6,873 1,554 109,236 836 260 1,462 8,698 46,229 5,611 112 74,598 37,094
7,270 26 1,069 124,389 4,760 44,567 790 2,338 1,634 12,833 11,459 380 1,209 1,473 5
4,931 16,336 185,692 868 1,589
91,561 1,148 2,734 26,219 13,782 6,130 9,643 5,430 2,460 12,368 2,475 14,434 42,687 708 7,511 14,258 655
3,991
38,502 206,400 | 3.1901 GBP 3.2000 GBP 3.2001 GBP 3.2003 GBP 3.2014 GBP 3.2016 GBP 3.2017 GBP 3.2024 GBP 3.2037 GBP 3.2038 GBP 3.2053 GBP 3.2054 GBP 3.2057 GBP 3.2080 GBP 3.2126 GBP 3.2143 GBP 3.2176 GBP 3.2377 GBP
3.1984 GBP 3.1990 GBP 3.1998 GBP 3.2000 GBP 3.2008 GBP 3.2047 GBP 3.2052 GBP 3.2070 GBP 3.2092 GBP 3.2102 GBP 3.2105 GBP 3.2157 GBP 3.2198 GBP 3.2245 GBP 3.2259 GBP
3.2000 GBP 3.2002 GBP 3.2003 GBP 3.2008 GBP 3.2062 GBP
3.1919 GBP 3.1983 GBP 3.1992 GBP 3.1999 GBP 3.2000 GBP 3.2001 GBP 3.2002 GBP 3.2005 GBP 3.2020 GBP 3.2022 GBP 3.2025 GBP 3.2049 GBP 3.2056 GBP 3.2061 GBP 3.2075 GBP 3.2086 GBP 3.2430 GBP
3.2013 GBP
3.2006 GBP 3.2110 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: | 23 February 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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