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: | 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, 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
| 6,073,039 25,449
3,258,807 25,449 | 15.3600 GBP 359.4337 ZAR
15.3100 GBP 356.6426 ZAR | 13.5650 GBP 355.5400 ZAR
13.5650 GBP 355.5400 ZAR |
(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
| 5,759 1,712 34,227 320,000 220,000 22,590 1,889 1,089 89,536 763 2 267
21,354 9,279 2,666 281 64,967 117,671 13,826 1,660 45 8,362 1,007 150 63 54 2,102 1,687
15,662 1 47,000 89,536 2,271 84,158 4,362 1 4,098 2,624
114 130 325 150 214 155,556 9,165 943,935 2,000 64,967 379 2,100 390 90 552 10,046 318 341 443 214 258 170 265 64 345 33 66 1,951 68 20,621 18,776 8,724 18,238 | 14.8821 GBP 14.9081 GBP 14.9575 GBP 15.0035 GBP 15.0242 GBP 15.0257 GBP 15.0259 GBP 15.0331 GBP 15.0400 GBP 15.0469 GBP 325.1225 ZAR 325.7328 ZAR
14.2759 GBP 14.6192 GBP 14.6223 GBP 14.6224 GBP 14.8413 GBP 14.8666 GBP 14.9144 GBP 14.9236 GBP 14.9950 GBP 15.0213 GBP 15.0998 GBP 325.2779 ZAR 326.1500 ZAR 326.2200 ZAR 357.7359 ZAR 358.1622 ZAR
13.6098 GBP 15.0124 GBP 15.0375 GBP 15.0400 GBP 15.0449 GBP 356.4570 ZAR 356.6830 ZAR 356.6844 ZAR 356.6916 ZAR 356.6953 ZAR
13.6200 GBP 14.3607 GBP 14.4127 GBP 14.4136 GBP 14.4812 GBP 14.8437 GBP 14.9991 GBP 15.0000 GBP 15.0112 GBP 15.0433 GBP 325.2272 ZAR 325.6542 ZAR 326.1770 ZAR 326.2850 ZAR 328.4445 ZAR 355.5400 ZAR 356.0721 ZAR 356.0731 ZAR 356.1364 ZAR 356.3671 ZAR 356.4064 ZAR 356.4152 ZAR 356.4261 ZAR 356.5000 ZAR 356.5057 ZAR 356.7700 ZAR 357.0100 ZAR 357.2043 ZAR 357.3500 ZAR 357.3530 ZAR 358.0102 ZAR 358.0655 ZAR 359.4951 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: | 22 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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