14th Feb 2024 11:56
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: | UBS Investment Bank, London |
(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: | Mondi Plc connected to UBS |
(d) Date dealing undertaken: | 13 February 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
|
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 | Buy
| 2696847 | 3.25000 GBP | 3.16993 GBP |
10p Ordinary | Sell
| 3171873 | 3.25000 GBP | 3.16925 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 | CFD
| Long | 18746 | 3.183839 GBP |
10p Ordinary | CFD
| Long | 3500 | 3.178 GBP |
10p Ordinary | CFD
| Long | 1896 | 3.187 GBP |
10p Ordinary | CFD
| Long | 5197 | 3.16996038 GBP |
10p Ordinary | CFD
| Long | 19643 | 3.211388 GBP |
10p Ordinary | CFD
| Long | 232401 | 3.17 GBP |
10p Ordinary | CFD
| Long | 760 | 3.193826 GBP |
10p Ordinary | CFD
| Long | 714 | 3.19363 GBP |
10p Ordinary | CFD
| Long | 2468 | 3.196582 GBP |
10p Ordinary | CFD
| Long | 33548 | 3.194215 GBP |
10p Ordinary | CFD
| Long | 2200 | 3.2373352005 GBP |
10p Ordinary | CFD
| Long | 21430 | 3.20198600093327 GBP |
10p Ordinary | CFD
| Long | 8179 | 3.20729673554224 GBP |
10p Ordinary | CFD
| Long | 1136 | 3.208906 GBP |
10p Ordinary | CFD
| Long | 10 | 3.19780406 GBP |
10p Ordinary | CFD
| Long | 5224 | 3.19833941 GBP |
10p Ordinary | CFD
| Long | 4636 | 3.19928128125108 GBP |
10p Ordinary | CFD
| Long | 4298 | 3.19676491 GBP |
10p Ordinary | CFD
| Long | 32807 | 3.22008098 GBP |
10p Ordinary | CFD
| Long | 9899 | 3.19467643 GBP |
10p Ordinary | CFD
| Long | 2975 | 3.23010982 GBP |
10p Ordinary | CFD
| Long | 24100 | 3.21062199170124 GBP |
10p Ordinary | CFD
| Long | 1662 | 3.16952466907341 GBP |
10p Ordinary | CFD
| Long | 64688 | 3.212602 GBP |
10p Ordinary | CFD
| Long | 91670 | 3.209958 GBP |
10p Ordinary | CFD
| Long | 21919 | 3.221311 GBP |
10p Ordinary | CFD
| Long | 7362 | 3.192354 GBP |
10p Ordinary | CFD
| Long | 14183 | 3.222223 GBP |
10p Ordinary | CFD
| Long | 2827 | 3.18835999599929 GBP |
10p Ordinary | CFD
| Long | 24245 | 3.180452 GBP |
10p Ordinary | CFD
| Long | 48 | 3.22876 GBP |
10p Ordinary | CFD
| Long | 60282 | 3.17911947 GBP |
10p Ordinary | CFD
| Long | 25150 | 3.222204 GBP |
10p Ordinary | CFD
| Long | 8905 | 3.219783 GBP |
10p Ordinary | CFD
| Short | 15934 | 3.187752 GBP |
10p Ordinary | CFD
| Short | 650 | 3.170154 GBP |
10p Ordinary | CFD
| Short | 810 | 3.192 GBP |
10p Ordinary | CFD
| Short | 2329 | 3.188 GBP |
10p Ordinary | CFD
| Short | 989 | 3.19 GBP |
10p Ordinary | CFD
| Short | 7667 | 3.19562 GBP |
10p Ordinary | CFD
| Short | 8284 | 3.17 GBP |
10p Ordinary | CFD
| Short | 11371 | 3.201117 GBP |
10p Ordinary | CFD
| Short | 1933 | 3.212453 GBP |
10p Ordinary | CFD
| Short | 9404 | 3.173185 GBP |
10p Ordinary | CFD
| Short | 7709 | 3.19594521 GBP |
10p Ordinary | CFD
| Short | 7249 | 3.19004848 GBP |
10p Ordinary | CFD
| Short | 27662 | 3.20087326 GBP |
10p Ordinary | CFD
| Short | 10539 | 3.19435427 GBP |
10p Ordinary | CFD
| Short | 5390 | 3.19146717 GBP |
10p Ordinary | CFD
| Short | 6900 | 3.18929420289855 GBP |
10p Ordinary | CFD
| Short | 10766 | 3.198681 GBP |
10p Ordinary | CFD
| Short | 135069 | 3.171078 GBP |
10p Ordinary | CFD
| Short | 334 | 3.191937 GBP |
10p Ordinary | CFD
| Short | 1 | 3.21 GBP |
10p Ordinary | CFD
| Short | 6777 | 3.170158 GBP |
10p Ordinary | CFD
| Short | 895 | 3.187 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: | 14 February 2024 |
| Contact name: | Richard Howard |
| Telephone number: | +44 (0)207 568 9128 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [email protected]
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.
Related Shares:
Smith (DS)