AMENDMENT
FORM 8.5 (EPT/NON-RI)
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN
EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the "Code")
1. KEY INFORMATION
| (a) Name of exempt principal trader: | J.P. Morgan Equities South Africa Proprietary Ltd |
| (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 position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 14 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 the offer? If it is a cash offer or possible cash offer, state "N/A" | Yes, Smith (DS) plc |
2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER
If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.
(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)
| Class of relevant security:
| EUR 0.22 ordinary
| |||
|
| Interests | Short positions | ||
| Number | % | Number | % | |
| (1) Relevant securities owned and/or controlled: | 222,718 | 0.05 | 0 | 0 |
| (2) Cash-settled derivatives:
| 0 | 0 | 756,223 | 0.17 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0 | 0 | 0 |
|
TOTAL: | 222,718 | 0.05 | 756,223 | 0.17 |
All interests and all short positions should be disclosed.
Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).
(b) Rights to subscribe for new securities (including directors' and other employee options)
| Class of relevant security in relation to which subscription right exists: |
|
| Details, including nature of the rights concerned and relevant percentages: |
|
3. DEALINGS (IF ANY) 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 3(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 | 99,658
119,219 | 316.4900 ZAR
316.2255 ZAR | 311.9864 ZAR
312.0800 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
Opening a Long Position
Opening a Short Position | 10,315 10,625 429 2,578 736 3,151 950 3,621 3,168 61 4,513 4,172 704 252
26,436 4 50 80 65
10,315 704 1,150 7 166 401 469 380 433 275 1,408 688 428 884
300 1,517 1,820 10 910 725 1,926 3,960 397 610
30 120 499 959 3,895 2,603 5,477 2,163 4,016
631 809 703 3,424 901 10,219 8,649 12,578 | 311.9864 ZAR 312.1780 ZAR 312.6174 ZAR 312.6211 ZAR 312.6897 ZAR 313.3514 ZAR 314.0442 ZAR 314.5718 ZAR 314.5946 ZAR 314.8400 ZAR 315.1033 ZAR 315.8268 ZAR 316.2515 ZAR 316.4563 ZAR
312.0800 ZAR 313.4068 ZAR 313.7700 ZAR 315.1600 ZAR 316.0000 ZAR
311.9864 ZAR 312.0824 ZAR 312.0882 ZAR 312.5600 ZAR 312.8387 ZAR 312.9257 ZAR 314.4068 ZAR 314.5002 ZAR 314.6864 ZAR 315.1832 ZAR 315.3430 ZAR 315.6880 ZAR 316.1908 ZAR 316.2255 ZAR
312.4700 ZAR 312.6052 ZAR 313.2541 ZAR 313.6268 ZAR 314.3228 ZAR 314.6131 ZAR 315.1728 ZAR 315.2885 ZAR 315.4770 ZAR 316.1302 ZAR
312.5200 ZAR 312.8100 ZAR 313.1157 ZAR 314.0862 ZAR 314.5945 ZAR 314.8522 ZAR 315.2912 ZAR 315.7363 ZAR 316.1060 ZAR
312.5459 ZAR 312.8877 ZAR 314.0471 ZAR 314.0515 ZAR 314.6265 ZAR 315.7075 ZAR 315.9995 ZAR 316.2785 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 |
|
|
|
|
|
|
(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) |
|
|
|
|
|
4. 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
|
(c) Attachments
| Is a Supplemental Form 8 (Open Positions) attached? | NO |
Date of disclosure: | 28 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 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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