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: | 4 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
| 601 2,130,841
601 1,078,883 | 324.6951 ZAR 14.2900 GBP
324.6951 ZAR 14.3200 GBP | 324.6951 ZAR 13.3118 GBP
324.6951 ZAR 13.2900 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
| 5,983 1,936 5,957 1,373 6,846 1,259 3,213 755 725 632 185 403 2,124 157 305 70 150,000 62,851 84 3,626 294 110 4,439 16 3,515 2,231 889 5,340 752 9,752 406 19 357 2,969 2,468 8,993 185 917 28,804 1,192 180 171 160 673 183 137 893 100
1 1,467 6,227 5,000 2,767 12 370 1 38,145 7,022 13,613 12,134 8,466 208 436 258 16,831 1,001 299 15 1,956 2 301 775 27,574 8,379 27,540 1,012 13,829 16 5,638 72,109 14,087 6,435 15,071 659 110 221 1,054 128 200 6 9,752 7 63,743 75 94 777 146
22,276 2,685 1,996 11,706 6,019 5,092 7,076 11,160 4,784 3,672 625 11,244 80,681 1,488 3,356 248 967 8,988 677 13,796 50,465 381 536 65 9,338 180 8,000 9,486 1,994 6,768 2,448 22 241 28,807 10,090 21,862 991 252 2 442 167 75 744 159 177 330 45 7
1 174 10,486 2,055 50,000 15,373 22 6,590 1,348 4,269 203,166 7,310 128,395 86,525 428 9,393 21,623 13,663 8,466 2 8,803 115 21,060 19,179 299 4,703 109,941 4,872 4,424 3,690 16,839 4,953 67,555 105,543 86,365 36 16 537 222,982 169 108,069 44 94 40 2,932 70,928 6,168 606 1,011 119 94 154 40 99 12,277 5,645 94 103 127 99 96
20,000 297 2,218
20,000 480 241 956 838 | 13.3118 GBP 13.5139 GBP 13.5879 GBP 13.6652 GBP 13.7319 GBP 13.7529 GBP 13.8032 GBP 13.8389 GBP 13.8828 GBP 13.9110 GBP 13.9375 GBP 13.9376 GBP 13.9403 GBP 13.9723 GBP 13.9737 GBP 13.9808 GBP 14.1526 GBP 14.2050 GBP 314.5100 ZAR 314.5295 ZAR 315.1233 ZAR 315.1862 ZAR 315.8199 ZAR 316.1200 ZAR 316.9168 ZAR 317.1827 ZAR 320.0013 ZAR 321.4728 ZAR 322.0853 ZAR 327.6976 ZAR 329.5168 ZAR 329.5542 ZAR 330.7544 ZAR 330.7570 ZAR 330.9295 ZAR 331.3602 ZAR 331.9100 ZAR 331.9156 ZAR 332.8981 ZAR 332.9407 ZAR 333.1900 ZAR 333.3000 ZAR 333.4000 ZAR 333.4639 ZAR 333.5000 ZAR 333.5700 ZAR 333.6200 ZAR 335.9500 ZAR
13.3250 GBP 13.3981 GBP 13.4296 GBP 13.4607 GBP 13.5084 GBP 13.6747 GBP 13.8153 GBP 13.8750 GBP 13.9129 GBP 13.9260 GBP 13.9518 GBP 13.9528 GBP 14.0101 GBP 14.0183 GBP 14.0341 GBP 14.0526 GBP 14.0632 GBP 14.0643 GBP 14.0897 GBP 14.0940 GBP 14.1161 GBP 14.1175 GBP 14.1357 GBP 14.1443 GBP 14.1511 GBP 14.1591 GBP 14.1646 GBP 14.1732 GBP 14.1740 GBP 14.1931 GBP 14.2000 GBP 14.2036 GBP 14.2048 GBP 14.2050 GBP 14.2182 GBP 314.0925 ZAR 315.1862 ZAR 316.0811 ZAR 317.0404 ZAR 317.6419 ZAR 325.3556 ZAR 327.4633 ZAR 327.6976 ZAR 328.4443 ZAR 328.4525 ZAR 330.0061 ZAR 330.8200 ZAR 331.7311 ZAR 332.9400 ZAR
13.6129 GBP 13.7402 GBP 13.7761 GBP 13.7852 GBP 13.8251 GBP 13.8501 GBP 13.8924 GBP 13.9017 GBP 13.9063 GBP 13.9163 GBP 13.9295 GBP 13.9509 GBP 13.9616 GBP 13.9807 GBP 14.0399 GBP 14.0666 GBP 14.1838 GBP 14.1986 GBP 14.2032 GBP 14.2036 GBP 14.2043 GBP 314.5961 ZAR 314.8878 ZAR 315.0259 ZAR 316.3543 ZAR 316.9092 ZAR 317.0918 ZAR 322.0210 ZAR 325.0290 ZAR 330.5309 ZAR 330.7686 ZAR 331.1100 ZAR 331.1600 ZAR 331.1766 ZAR 331.6631 ZAR 331.9285 ZAR 332.4941 ZAR 332.5186 ZAR 332.7400 ZAR 332.7900 ZAR 332.8400 ZAR 332.8900 ZAR 332.9400 ZAR 333.0928 ZAR 333.2900 ZAR 333.3500 ZAR 333.4087 ZAR 333.4600 ZAR
13.3950 GBP 13.4148 GBP 13.5029 GBP 13.5789 GBP 13.6879 GBP 13.6972 GBP 13.7392 GBP 13.7666 GBP 13.7847 GBP 13.8311 GBP 13.8391 GBP 13.8533 GBP 13.8834 GBP 13.9575 GBP 13.9850 GBP 13.9991 GBP 14.0005 GBP 14.0037 GBP 14.0101 GBP 14.0114 GBP 14.0150 GBP 14.0194 GBP 14.0335 GBP 14.0658 GBP 14.0897 GBP 14.1057 GBP 14.1064 GBP 14.1203 GBP 14.1208 GBP 14.1282 GBP 14.1338 GBP 14.1408 GBP 14.1422 GBP 14.1426 GBP 14.1528 GBP 14.1728 GBP 14.1931 GBP 14.2027 GBP 14.2052 GBP 14.2064 GBP 14.2068 GBP 14.2504 GBP 316.9300 ZAR 322.9225 ZAR 323.1727 ZAR 326.5779 ZAR 330.3917 ZAR 330.9219 ZAR 331.1745 ZAR 332.5400 ZAR 332.5600 ZAR 332.7396 ZAR 332.8800 ZAR 332.9100 ZAR 332.9129 ZAR 332.9400 ZAR 332.9500 ZAR 333.2900 ZAR 333.4490 ZAR 333.5100 ZAR 333.8100 ZAR
13.9368 GBP 332.5612 ZAR 332.5669 ZAR
13.5257 GBP 314.9476 ZAR 329.8079 ZAR 329.8433 ZAR 329.8438 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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(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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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: | 5 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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