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: | UBS Investment Bank, London |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | Smith (DS) plc |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Mondi Plc connected to UBS |
| (d) Date dealing undertaken: | 19 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
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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 |
| 10p Ordinary | Buy
| 25158871 | 4.45440 GBP | 3.40500 GBP |
| 10p Ordinary | Sell
| 11992795 | 3.98000 GBP | 3.40500 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 |
| 10p Ordinary | CFD
| Long | 116028 | 3.55326526 GBP |
| 10p Ordinary | CFD
| Long | 1000000 | 3.64708 GBP |
| 10p Ordinary | CFD
| Long | 635227 | 3.5 GBP |
| 10p Ordinary | CFD
| Long | 206866 | 3.586 GBP |
| 10p Ordinary | CFD
| Long | 110028 | 3.58990317 GBP |
| 10p Ordinary | CFD
| Long | 1172 | 3.6776322 GBP |
| 10p Ordinary | CFD
| Long | 5745 | 3.6752919991993 GBP |
| 10p Ordinary | CFD
| Long | 27326 | 3.69894141 GBP |
| 10p Ordinary | CFD
| Long | 3055 | 3.963941 GBP |
| 10p Ordinary | CFD
| Long | 35165 | 3.769259 GBP |
| 10p Ordinary | CFD
| Long | 937 | 3.788 GBP |
| 10p Ordinary | CFD
| Long | 6992 | 3.50708352 GBP |
| 10p Ordinary | CFD
| Long | 3460 | 3.961537 GBP |
| 10p Ordinary | CFD
| Long | 1650 | 3.95596364 GBP |
| 10p Ordinary | CFD
| Long | 2251 | 3.95472012 GBP |
| 10p Ordinary | CFD
| Long | 339527 | 3.57821 GBP |
| 10p Ordinary | CFD
| Long | 1182987 | 3.953372 GBP |
| 10p Ordinary | CFD
| Long | 8800 | 3.94418636363636 GBP |
| 10p Ordinary | CFD
| Long | 139065 | 3.54797698917772 GBP |
| 10p Ordinary | CFD
| Long | 127658 | 3.54456085791725 GBP |
| 10p Ordinary | CFD
| Long | 27400 | 3.58599890510949 GBP |
| 10p Ordinary | CFD
| Long | 114712 | 3.55705305460632 GBP |
| 10p Ordinary | CFD
| Long | 152746 | 3.95456516046247 GBP |
| 10p Ordinary | CFD
| Long | 19150 | 3.83054725848564 GBP |
| 10p Ordinary | CFD
| Long | 3438 | 3.96122745782432 GBP |
| 10p Ordinary | CFD
| Long | 17155 | 3.58528300786943 GBP |
| 10p Ordinary | CFD
| Long | 2984 | 3.57493 GBP |
| 10p Ordinary | CFD
| Long | 6167 | 3.728859 GBP |
| 10p Ordinary | CFD
| Long | 16705 | 3.686977 GBP |
| 10p Ordinary | CFD
| Long | 22629 | 3.59438685 GBP |
| 10p Ordinary | CFD
| Long | 25000 | 3.481060319048 GBP |
| 10p Ordinary | CFD
| Long | 25000 | 3.47091751 GBP |
| 10p Ordinary | CFD
| Long | 395765 | 3.56504325 GBP |
| 10p Ordinary | CFD
| Long | 98485 | 3.64655464 GBP |
| 10p Ordinary | CFD
| Short | 600000 | 3.57558333 GBP |
| 10p Ordinary | CFD
| Short | 5100000 | 3.58624916 GBP |
| 10p Ordinary | CFD
| Short | 2316815 | 3.597679 GBP |
| 10p Ordinary | CFD
| Short | 750000 | 3.512808 GBP |
| 10p Ordinary | CFD
| Short | 850000 | 3.494919 GBP |
| 10p Ordinary | CFD
| Short | 635227 | 4.35372 USD |
| 10p Ordinary | CFD
| Short | 100000 | 4.4544 USD |
| 10p Ordinary | CFD
| Short | 177000 | 4.3981396 USD |
| 10p Ordinary | CFD
| Short | 1300000 | 3.5237 GBP |
| 10p Ordinary | CFD
| Short | 3000000 | 3.963773 GBP |
| 10p Ordinary | CFD
| Short | 46863 | 3.5842725 GBP |
| 10p Ordinary | CFD
| Short | 159881 | 3.558619 GBP |
| 10p Ordinary | CFD
| Short | 4693 | 3.56913574 GBP |
| 10p Ordinary | CFD
| Short | 83913 | 3.52470963974593 GBP |
| 10p Ordinary | CFD
| Short | 51823 | 3.50643748914575 GBP |
| 10p Ordinary | CFD
| Short | 47264 | 3.52112009140149 GBP |
| 10p Ordinary | CFD
| Short | 23781 | 3.71403683612968 GBP |
| 10p Ordinary | CFD
| Short | 66267 | 3.52313776087645 GBP |
| 10p Ordinary | CFD
| Short | 498352 | 3.586 GBP |
| 10p Ordinary | CFD
| Short | 14156 | 3.5886155 GBP |
| 10p Ordinary | CFD
| Short | 25511 | 3.58716436047195 GBP |
| 10p Ordinary | CFD
| Short | 528186 | 3.571978 GBP |
| 10p Ordinary | CFD
| Short | 50000 | 3.5987196 GBP |
| 10p Ordinary | CFD
| Short | 50000 | 3.568152 GBP |
| 10p Ordinary | CFD
| Short | 200000 | 4.45783953 USD |
| 10p Ordinary | CFD
| Short | 913148 | 3.585666 GBP |
| 10p Ordinary | CFD
| Short | 51748 | 3.5754299 GBP |
| 10p Ordinary | CFD
| Short | 52179 | 3.5871221 GBP |
| 10p Ordinary | CFD
| Short | 8815 | 3.5865377197958 GBP |
| 10p Ordinary | CFD
| Short | 9296 | 3.56345524956971 GBP |
| 10p Ordinary | CFD
| Short | 54444 | 3.56345547718757 GBP |
| 10p Ordinary | CFD
| Short | 56698 | 3.66202 GBP |
| 10p Ordinary | CFD
| Short | 29306 | 3.95974 GBP |
| 10p Ordinary | CFD
| Short | 2029 | 3.822 GBP |
| 10p Ordinary | CFD
| Short | 68946 | 3.56768606 GBP |
| 10p Ordinary | CFD
| Short | 58579 | 3.60232014 GBP |
| 10p Ordinary | CFD
| Short | 16183 | 3.588864 GBP |
| 10p Ordinary | CFD
| Short | 10738 | 3.597481 GBP |
| 10p Ordinary | CFD
| Short | 1236 | 3.52406958 GBP |
| 10p Ordinary | CFD
| Short | 51473 | 3.53159633 GBP |
| 10p Ordinary | CFD
| Short | 142867 | 3.55390008 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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(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 " |
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None
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(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" |
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None |
Date of disclosure: | 22 April 2024 |
Contact name: | Richard Howard |
Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk
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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