REG - JPMorgan Sec.Plc Smith (DS) PLC - Form 8.5 (EPT/RI)-Smith (DS) plc

DS SmithAnnouncement

31/01/2025 11:15

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RNS Number : 4849V  JPMorgan Securities Plc  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:                                            J.P. Morgan Securities Plc
 (b) Name of offeror/offeree in relation to whose relevant securities this form  Smith (DS) plc
 relates:

      Use a separate form for each offeror/offeree
 (c) Name of the party to the offer with which exempt principal trader is        Corporate broker to Smith (DS) plc
 connected:
 (d) Date dealing undertaken:                                                    30 January 2025
 (e) In addition to the company in 1(b) above, is the exempt principal trader    Yes, International Paper Company
 making disclosures in respect of any other party to this offer?

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

 

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          2,037,168                   5.9950 GBP                            5.7138 GBP

                             Sale              2,051,606                   5.9950 GBP                            5.6662 GBP

 

(b)        Cash-settled derivative transactions

 

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

                             e.g. CFD             e.g. opening/closing a long/short position, increasing/reducing a long/short
                                                  position
 10p ordinary                Equity Swap          Decrease Long                                                                  16,618                          5.8580 GBP

                                                                                                                                 5,278                           5.8676 GBP

                                                                                                                                 206,898                         5.8821 GBP

                                                                                                                                 50                              5.9854 GBP

                                                  Decrease Short                                                                 75                              5.7597 GBP

                                                                                                                                 43,218                          5.7663 GBP

                                                                                                                                 316,536                         5.7788 GBP

                                                                                                                                 229                             5.7875 GBP

                                                                                                                                 1,660                           5.7917 GBP

                                                                                                                                 1,861                           5.8488 GBP

                                                                                                                                 74,570                          5.8554 GBP

                                                                                                                                 8,759                           5.8700 GBP

                                                                                                                                 499                             5.8748 GBP

                                                                                                                                 5                               5.8847 GBP

                                                                                                                                 49                              5.9578 GBP

                                                                                                                                 24,755                          5.9590 GBP

                                                                                                                                 175                             5.9799 GBP

                                                                                                                                 1,119                           5.9878 GBP

                                                                                                                                 7,137                           7.3519 GBP

                                                                                                                                 36,141                          7.3525 GBP

                                                  Increase Long                                                                  24,520                          5.8095 GBP

                                                                                                                                 74,610                          5.8221 GBP

                                                                                                                                 450                             5.8846 GBP

                                                                                                                                 606                             5.9883 GBP

                                                  Increase Short                                                                 3,471                           5.7138 GBP

                                                                                                                                 60,161                          5.7280 GBP

                                                                                                                                 229                             5.7475 GBP

                                                                                                                                 35,600                          5.8015 GBP

                                                                                                                                 5,000                           5.8191 GBP

                                                                                                                                 6,749                           5.8237 GBP

                                                                                                                                 120,600                         5.8850 GBP

                                                                                                                                 250,000                         5.8865 GBP

                                                                                                                                 30,148                          5.9068 GBP

                                                  Opening a Long Position                                                        129,632                         5.7348 GBP

                                                                                                                                 56,000                          5.9656 GBP

                                                  Opening a Short Position                                                       56,000                          5.9187 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                           Expiry date  Option money paid/ received per unit

                                                                                                                                                                                      e.g. American, European etc.

 

(ii)        Exercise

 

 Class of relevant security  Product description  Exercising/ exercised against  Number of securities  Exercise price per unit

                             e.g. call option

 

(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

 

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 January 2025
 Contact name:        Hetvi Shah
 Telephone number:    44 2034 936359

 

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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