REG - BkofA Merrill Lynch Smith (DS) PLC - 20250130_DS SMITH PLC_8.5 EPT RI_UK_MLI

DS SmithAnnouncement

31/01/2025 09:45

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RNS Number : 4643V  Bank of America Merrill Lynch  31 January 2025

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:                                        Merrill Lynch International
 (b)  Name of offeror/offeree in relation to whose                            DS SMITH PLC

 relevant securities this form relates:
    Use a separate form for each offeror/offeree
 (c)  Name of the party to the offer with which exempt principal trader is    INTERNATIONAL PAPER CO
    connected:
 (d)  Date dealing undertaken:                                                30/01/2025
 (e)  In addition to the company in 1(b) above, is the                        YES

 exempt principal trader making disclosures in
If YES, specify which:

 respect of any other party to this offer?
(INTERNATIONAL PAPER CO)
    If it is a cash offer or possible cash offer, state "N/A"

Merrill Lynch International

 (b)  Name of offeror/offeree in relation to whose

relevant securities this form relates:
      Use a separate form for each offeror/offeree

DS SMITH PLC

 (c)  Name of the party to the offer with which exempt principal trader is
      connected:

INTERNATIONAL PAPER CO

 (d)  Date dealing undertaken:

30/01/2025

 (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

If YES, specify which:

(INTERNATIONAL PAPER CO)

 

 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/  Total number of securities  Highest price              Lowest price

sales
per unit
per unit

paid/received
paid/received
 10p ordinary                Purchase    474,198                     6.005 GBP                  5.771 GBP
 10p ordinary                Sale        1,226,507                   5.995 GBP                  5.625 GBP

 

 (b)  Cash-settled derivative transactions

 Class of            Product description   Nature of dealing                            Number of reference securities  Price per unit

relevant security
e.g. CFD
e.g. opening/closing a

long/short position, increasing/reducing a

long/short position
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   6,105                           5.859 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   161,452                         5.81 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   140,256                         5.822 GBP
 10p ordinary        Swaps - Equity Swaps  Reducing a Short Position                    625                             5.856 GBP
 10p ordinary        Swaps - Equity Swaps  Reducing a Short Position                    611                             5.873 GBP
 10p ordinary        Swaps - Equity Swaps  Reducing a Short Position                    621                             5.884 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   166,241                         5.822 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   191,357                         5.81 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   19,623                          5.822 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   22,574                          5.81 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   12,394                          5.822 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   14,290                          5.81 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Long Position                   13,800                          5.854 GBP
 10p ordinary        Swaps - Equity Swaps  Increasing a Short Position                  1,357                           5.965 GBP
 10p ordinary        Swaps - Equity Swaps  Reducing a Short Position                    1,357                           5.895 GBP
 10p ordinary        Swaps - Equity Swaps  Reducing a Short Position                    1,797                           5.895 GBP
 10p ordinary        Swaps - Equity Swaps  Reducing a Long Position                     209                             5.965 GBP

 

 (c)  Stock-settled derivative transactions (including options)

 (i)  Writing, selling, purchasing or varying

 Class               Product description e.g. call option  Writing, purchasing, selling, varying etc.  Number                               Exercise   Type                           Expiry date  Option money paid/ received per unit

of
of
price
e.g. American, European etc.

relevant security
securities to which option relates
per unit
 N/A                 N/A                                   N/A                                         N/A                                  N/A        N/A                            N/A          N/A

 

 (ii)  Exercise

 Class of relevant security  Product description  Exercising/  Number of    Exercise Price per

e.g. call option
exercised
securities
unit

against
 N/A                         N/A                  N/A          N/A          N/A

 

 (d)  Other dealings (including subscribing for new securities)

 Class of relevant security  Nature of dealing               Details  Price per unit (if applicable)

e.g. subscription, conversion
 N/A                         N/A                             N/A      N/A

 

 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:  31/01/2025
 Contact name:        Frank Lui
 Telephone number:    +44207 996 6418

 

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
(http://www.thetakeoverpanel.org.uk) .

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