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 | 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 dealing undertaken: | 22 March 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, Smith (DS) 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 |
| EUR 0.22 ordinary | Purchase
Sale
| 463,336 12,689
372,403 12,689 | 13.6650 GBP 325.9052 ZAR
13.6550 GBP 326.5231 ZAR | 13.5752 GBP 325.5999 ZAR
13.5900 GBP 325.3828 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
| 7 72,813 36 50 6 8 5,698 2,429 35 1,799 78 5 22 2,457 5,568 11,682
16,415 1,889 37 4,910 1,081 161 222 76 540 290 316 5,568 782 446 7
25,884 6,091 54,000 162 205 738 5,084 571 878 106
1,753 34,505 1,747 569 4,061 801 50,000 5,815 2,118 1,889 5,705 27,548 264 402 526 528 1,476 2,498 1,238 1,178 | 13.5944 GBP 13.5975 GBP 13.6069 GBP 13.6101 GBP 13.6156 GBP 13.6164 GBP 13.6194 GBP 13.6211 GBP 13.6257 GBP 13.6314 GBP 13.6344 GBP 13.6414 GBP 13.6425 GBP 325.5101 ZAR 325.5289 ZAR 325.7900 ZAR
13.6081 GBP 13.6215 GBP 13.6242 GBP 13.6257 GBP 13.6279 GBP 13.6325 GBP 13.6350 GBP 324.9500 ZAR 325.1251 ZAR 325.1482 ZAR 325.1651 ZAR 325.5289 ZAR 325.7570 ZAR 325.7900 ZAR 325.8800 ZAR
13.6285 GBP 13.6312 GBP 13.6332 GBP 13.6333 GBP 324.9167 ZAR 325.0675 ZAR 325.6545 ZAR 325.7362 ZAR 326.3306 ZAR 326.4907 ZAR
13.5970 GBP 13.6158 GBP 13.6173 GBP 13.6233 GBP 13.6239 GBP 13.6244 GBP 13.6259 GBP 13.6265 GBP 13.6329 GBP 13.6350 GBP 13.6374 GBP 13.6650 GBP 324.4300 ZAR 325.3245 ZAR 325.6189 ZAR 325.6587 ZAR 325.7000 ZAR 325.7189 ZAR 325.7490 ZAR 326.1544 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 |
|
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|
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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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|
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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" |
| 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: | 25 March 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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