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: | 3 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" | Yes, Smith (DS) plc & International Paper Company |
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 | 1,510,690
1,002,192 | 13.8300 GBP
13.8300 GBP | 13.6650 GBP
13.6650 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 |
| EUR 0.22 ordinary | Equity Swap | Decrease Long
Decrease Short
Increase Long
Increase Short
Opening a Long Position
Opening a Short Position
| 1,216 430,000 187 9,380 537 800 508 184 384
94,909 3,100 1,107 11 3 200 1,703 117 48 1,544 867 721 945 93 992 189 1,442 2,600 719
73 40,288 1,459 182
4,580 960 273 3,442 5,810 1,477 984 5,331 27,121 269,458 1,407 58 15 17 8,437 777 19 309 375 1,051 182 99
241
44 241 | 13.7367 GBP 13.7397 GBP 315.5200 ZAR 315.9317 ZAR 316.3156 ZAR 316.3383 ZAR 316.4938 ZAR 316.9600 ZAR 317.4946 ZAR
13.7250 GBP 13.7343 GBP 13.7789 GBP 13.7897 GBP 13.7933 GBP 13.8150 GBP 315.2100 ZAR 315.6000 ZAR 315.6200 ZAR 315.6363 ZAR 315.6849 ZAR 315.9541 ZAR 316.0346 ZAR 316.1600 ZAR 316.2336 ZAR 316.2449 ZAR 316.2710 ZAR 316.5136 ZAR 316.5398 ZAR
13.7357 GBP 13.7720 GBP 316.1523 ZAR 316.5200 ZAR
13.7279 GBP 13.7360 GBP 13.7366 GBP 13.7506 GBP 13.7512 GBP 13.7513 GBP 13.7540 GBP 13.7568 GBP 13.7583 GBP 13.7594 GBP 13.7632 GBP 13.7642 GBP 13.7652 GBP 13.7654 GBP 13.7688 GBP 13.7700 GBP 13.7954 GBP 315.2326 ZAR 315.9969 ZAR 316.3407 ZAR 316.5263 ZAR 317.8609 ZAR
316.1856 ZAR
13.7360 GBP 316.1856 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) |
|
|
|
|
|
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: | 4 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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