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 |
Smith (DS) 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: |
29 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, 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 |
|
10p ordinary |
Purchase
Sale |
4,052,508
6,857,007 |
3.5220 GBP
3.5180 GBP |
3.3890 GBP
3.3891 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 |
Equity Swap |
Decrease Long
Decrease Short
Increase Long
Increase Short
|
12,753 14,193 6,304 210,223 8,948 57,958 174,673 35,889
3,056 8,545 12,414 5,751 181 33,355 25,232 68 63 1,115 5,013 411,981 29,868 32,663 7,823 13,089 8,310 17,676 78,965 2,765 126,424 1,998,397 4,622 2,275 445,111 5,181 350,000
37,908 38,354
1,500 4,601 10,287 11,587 8,805 984 6,583 566 10,688 47,618 44,181 190,188 4,095 |
3.4083 GBP 3.4445 GBP 3.4890 GBP 3.5120 GBP 3.5137 GBP 3.5147 GBP 3.5152 GBP 3.5160 GBP
3.4299 GBP 3.4398 GBP 3.4658 GBP 3.4702 GBP 3.4710 GBP 3.4719 GBP 3.4736 GBP 3.4744 GBP 3.4745 GBP 3.4754 GBP 3.4817 GBP 3.4837 GBP 3.4879 GBP 3.4886 GBP 3.4894 GBP 3.4972 GBP 3.4975 GBP 3.4995 GBP 3.5031 GBP 3.5073 GBP 3.5080 GBP 3.5115 GBP 3.5139 GBP 3.5147 GBP 3.5160 GBP 3.5178 GBP 4.3942 GBP
3.4301 GBP 3.5157 GBP
3.3952 GBP 3.3982 GBP 3.4077 GBP 3.4088 GBP 3.4112 GBP 3.4250 GBP 3.4316 GBP 3.4321 GBP 3.4389 GBP 3.5076 GBP 3.5160 GBP 3.5162 GBP 4.3191 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 |
|
|
|
|
|
|
(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: |
30 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.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
