Source - LSE Regulatory
RNS Number : 4236Z
JPMorgan Asset Management
06 August 2024
 

AMENDMENT

Section 2a and 3a have changed from previous disclosure submitted under RNS number 9448V on 11 July 2024

FORM 8.3

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR
 MORE

Rule 8.3 of the Takeover Code (the "Code")

 

1.      KEY INFORMATION

 

(a) Full name of discloser:

JPMorgan Asset Management

(b) Owner or controller of interests and short

     positions disclosed, if different from 1(a):

     The naming of nominee or vehicle companies is

     insufficient.  For a trust, the trustee(s), settlor and

     beneficiaries must be named.

 

 

N/A

(c) Name of offeror/offeree in relation to whose
     relevant securities this form relates:

     Use a separate form for each offeror/offeree

International Paper Company

(d) If an exempt fund manager connected with an
     offeror/offeree, state this and specify identity of
     offeror/offeree:

Corporate broker to Smith (DS) Plc

(e) Date position held/dealing undertaken:

     For an opening position disclosure, state the latest
     practicable date prior to the disclosure

 

08 July 2024

(f) In addition to the company in 1(c) above, is the
     discloser making disclosures in respect of any
     other party to the offer?

     If it is a cash offer or possible cash offer, state "N/A"

Yes, Smith (DS) plc

 

2.      POSITIONS OF THE PERSON MAKING THE DISCLOSURE

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)      Interests and short positions in the relevant securities of the offeror or offeree
     to which the disclosure relates following the dealing (if any)

 

Class of relevant security:

 common stock

 

 

Interests

Short positions

 

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

3,769,431*

1.09*

475,784

0.14

(2) Cash-settled derivatives:

5,250

0.00

355,289

0.10

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

 

 

 

 

 

     TOTAL:

3,774,681 *

1.09*

831,073

0.24

In addition to the dealings in section 3a or b, there is a increase in the holding of 595 Ordinary Shares due to a transfer 

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b)      Rights to subscribe for new securities (including directors' and other
          employee options)

 

Class of relevant security in relation to which subscription right exists:

 

Details, including nature of the rights concerned and relevant percentages:

 

 

3.     DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(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

Purchase/sale

 

Number of securities

Price per unit

 common stock

Purchase

Purchase

Purchase

Purchase

Purchase

 

 

Sale

46,991

 18

23

4

1

 

 

 1

42.5621 USD

43.1700 USD

43.0900 USD

43.0800 USD

42.5900 USD

 

 

 

     43.0800 USD

 

(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

common stock 

Equity Swap 

Reducing a Short Position

Reducing a Short Position

Reducing a Short Position

Reducing a Short Position

Reducing a Short Position

Reducing a Short Position

Increasing a Short Position

Increasing a Short Position

Increasing a Short Position

Increasing a Short Position

27

190

12

95

400

200

14

142

70

42.9422 USD

42.7340 USD

42.9425 USD

42.7340 USD

43.0640 USD

43.0720 USD

42.4800 USD

42.5164 USD

42.5164 USD

42.4800 USD

 

(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)

 

 

 

 

 

 

4.      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 person 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 person 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

 

 

(c)      Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

No

 

Date of disclosure:

06 August 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 disclosure requirements on +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END
 
 
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