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: | 15 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 | 541,042
441,663 | 14.1900 GBP
14.1900 GBP | 14.0300 GBP
14.0300 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
| 6,869 8,259 127 2,055 16 2,278 3 4,581 12,584 7,766 3,102 945 13 1 7,494 1,252 1,414 90
622 5,343 1,317 54,557 141 4 8 2 28,036 656 58 571 290 26,237 292 65 1 2 11 76 631 727 39,288 380 691 6,863 723 90 147 56 89 233
62,025 18,663 175 1,692 223 9,207 1,017 6,637 691 112 1,425 4,582 127 7,604
5,642 1,127 1 35 69,011 5,753 3,172 571 37 5,860 3,905 15,008 22,220 14,037 29 26,101 4,333 1 353 1,266 95 238 349 753 23,612 34,253 18,447 19,951 6,512 233 365 274 170 83 11 76 1,199 607 37 3,416 89 527 492 1,005 654 6,007 25,377 89 127 6,578 731
2,250 1,705 69 704 740 1,964 946 180 1,782 306 117 464 6,964 3,536 1,084 29 2,537
5,920 1,321 908 5,697 4,279 57 5,224 3,309 182 390 4,589 160 703 573 301 926 3,309 1,440 | 14.0350 GBP 14.0357 GBP 14.0368 GBP 14.0490 GBP 14.0554 GBP 14.0762 GBP 14.0829 GBP 14.0993 GBP 14.1118 GBP 14.1174 GBP 14.1181 GBP 14.1279 GBP 14.1389 GBP 14.1564 GBP 334.1051 ZAR 334.1238 ZAR 334.1759 ZAR 334.5100 ZAR
14.0336 GBP 14.0348 GBP 14.0367 GBP 14.0500 GBP 14.0503 GBP 14.0561 GBP 14.0592 GBP 14.0661 GBP 14.0757 GBP 14.0782 GBP 14.0845 GBP 14.0852 GBP 14.0936 GBP 14.0988 GBP 14.1055 GBP 14.1086 GBP 14.1336 GBP 14.1486 GBP 14.1813 GBP 15.1246 GBP 333.3619 ZAR 333.4628 ZAR 333.8474 ZAR 334.0016 ZAR 334.1267 ZAR 334.1300 ZAR 334.2229 ZAR 334.5067 ZAR 334.6254 ZAR 334.6700 ZAR 334.8912 ZAR 335.1223 ZAR
14.0349 GBP 14.0350 GBP 14.0420 GBP 14.0992 GBP 14.1133 GBP 14.1334 GBP 14.1410 GBP 332.4132 ZAR 333.9988 ZAR 334.0016 ZAR 334.1953 ZAR 334.1962 ZAR 334.4425 ZAR 334.4899 ZAR
14.0352 GBP 14.0485 GBP 14.0514 GBP 14.0578 GBP 14.0699 GBP 14.0710 GBP 14.0729 GBP 14.0852 GBP 14.0864 GBP 14.0931 GBP 14.0968 GBP 14.0981 GBP 14.1023 GBP 14.1040 GBP 14.1057 GBP 14.1061 GBP 14.1081 GBP 14.1118 GBP 14.1147 GBP 14.1153 GBP 14.1175 GBP 14.1250 GBP 14.1297 GBP 14.1298 GBP 14.1326 GBP 14.1366 GBP 14.1378 GBP 14.1419 GBP 14.1436 GBP 14.1445 GBP 14.1482 GBP 14.1500 GBP 14.1550 GBP 14.1564 GBP 14.1813 GBP 15.1246 GBP 331.2527 ZAR 331.5507 ZAR 331.5900 ZAR 332.4325 ZAR 333.7800 ZAR 333.7970 ZAR 334.0016 ZAR 334.1300 ZAR 334.1351 ZAR 334.1960 ZAR 334.2242 ZAR 334.3900 ZAR 334.4425 ZAR 334.4669 ZAR 334.8430 ZAR
331.8344 ZAR 332.5294 ZAR 333.7500 ZAR 334.0272 ZAR 334.0322 ZAR 334.0797 ZAR 334.1163 ZAR 334.1733 ZAR 334.1791 ZAR 334.1963 ZAR 334.4725 ZAR 334.5000 ZAR 334.6945 ZAR 334.7759 ZAR 335.0798 ZAR 335.0900 ZAR 335.2663 ZAR
331.9029 ZAR 332.7312 ZAR 333.7054 ZAR 333.9472 ZAR 333.9691 ZAR 334.0200 ZAR 334.0217 ZAR 334.1300 ZAR 334.3800 ZAR 334.3933 ZAR 334.4561 ZAR 334.4900 ZAR 334.5000 ZAR 334.5700 ZAR 334.5900 ZAR 334.7200 ZAR 334.7969 ZAR 335.2698 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: | 16 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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