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: | 12 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 | 1,066,648
610,239 | 14.2825 GBP
14.2800 GBP | 14.0339 GBP
14.0150 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 | 31,684 31,684 13,305 17,516 12,796 10,628 105 50 18,871 113 1 57 87
37,573 7 23,823 100,000 387 8 2,183 748 595 1,498 325 1,073 4,905 1,630 173 1,319 1,366 91 1,030 2,231 29 206 87
1,167 2,100 1,116 16,514 140,000 65,995 968 537 293 460 3,932 513 3,075 1 3,419 3,211 2,058
151 124 173 79 4,937 14 34,887 5,580 7 8 6,160 173 708 2,367 165
31,956 | 14.0794 GBP 14.0798 GBP 14.0825 GBP 14.0888 GBP 14.1035 GBP 14.1076 GBP 329.1000 ZAR 329.8900 ZAR 330.3986 ZAR 330.4000 ZAR 330.8200 ZAR 331.5500 ZAR 334.7700 ZAR
14.0792 GBP 14.0811 GBP 14.0944 GBP 14.0947 GBP 14.1027 GBP 14.1063 GBP 328.8243 ZAR 329.8690 ZAR 330.0244 ZAR 330.0247 ZAR 330.0999 ZAR 330.2551 ZAR 330.3385 ZAR 330.4676 ZAR 330.7519 ZAR 330.7936 ZAR 330.9164 ZAR 330.9500 ZAR 331.0000 ZAR 331.2255 ZAR 331.3100 ZAR 331.8431 ZAR 334.7667 ZAR
14.0688 GBP 14.0706 GBP 14.0777 GBP 14.0800 GBP 14.0929 GBP 14.0942 GBP 14.0952 GBP 14.0956 GBP 14.0986 GBP 14.1082 GBP 14.1094 GBP 14.1097 GBP 330.4335 ZAR 330.8200 ZAR 331.0918 ZAR 331.0929 ZAR 331.0964 ZAR
14.0875 GBP 14.0888 GBP 14.0909 GBP 14.0910 GBP 14.0935 GBP 14.0978 GBP 14.1093 GBP 14.1108 GBP 14.1114 GBP 14.1138 GBP 14.1174 GBP 329.9061 ZAR 330.1697 ZAR 330.5897 ZAR 331.0000 ZAR
14.1015 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 |
|
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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) |
|
|
|
|
|
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: | 15 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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