12th Mar 2024 12:07
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: | 11 March 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
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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
| 3326838 | 3.45892 GBP | 3.36700 GBP |
10p Ordinary | Sell
| 2502125 | 3.45892 GBP | 3.36200 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 | 207145 | 3.41286610828164 GBP |
10p Ordinary | CFD
| Long | 105 | 3.387702 GBP |
10p Ordinary | CFD
| Long | 232 | 3.36694 GBP |
10p Ordinary | CFD
| Long | 40728 | 3.419 GBP |
10p Ordinary | CFD
| Long | 60229 | 3.3978604 GBP |
10p Ordinary | CFD
| Long | 5035 | 3.39669712 GBP |
10p Ordinary | CFD
| Long | 57940 | 3.40856 GBP |
10p Ordinary | CFD
| Long | 8544 | 3.423126 GBP |
10p Ordinary | CFD
| Long | 23442 | 3.39651587 GBP |
10p Ordinary | CFD
| Long | 4191 | 3.38280839895013 GBP |
10p Ordinary | CFD
| Long | 3648 | 3.418829 GBP |
10p Ordinary | CFD
| Long | 44532 | 3.410059 GBP |
10p Ordinary | CFD
| Long | 3712 | 3.39671884 GBP |
10p Ordinary | CFD
| Long | 8138 | 3.41831653969034 GBP |
10p Ordinary | CFD
| Long | 25962 | 3.394069 GBP |
10p Ordinary | CFD
| Long | 366 | 3.388172 GBP |
10p Ordinary | CFD
| Long | 2114 | 3.418827 GBP |
10p Ordinary | CFD
| Long | 199 | 3.395761 GBP |
10p Ordinary | CFD
| Long | 3546 | 3.387 GBP |
10p Ordinary | CFD
| Long | 14713 | 3.39313916 GBP |
10p Ordinary | CFD
| Long | 415 | 3.362 GBP |
10p Ordinary | CFD
| Long | 5770 | 3.39 GBP |
10p Ordinary | CFD
| Long | 6389 | 3.382 GBP |
10p Ordinary | CFD
| Long | 7558 | 3.403 GBP |
10p Ordinary | CFD
| Long | 3664 | 3.40960698689956 GBP |
10p Ordinary | CFD
| Long | 950 | 3.38289632 GBP |
10p Ordinary | CFD
| Long | 155984 | 3.40664350189763 GBP |
10p Ordinary | CFD
| Long | 280 | 3.398486 GBP |
10p Ordinary | CFD
| Long | 9070 | 3.38233076074972 GBP |
10p Ordinary | CFD
| Long | 64 | 3.3975 GBP |
10p Ordinary | CFD
| Long | 69054 | 3.39671706200944 GBP |
10p Ordinary | CFD
| Long | 510 | 3.39643529 GBP |
10p Ordinary | CFD
| Long | 2475 | 3.411501 GBP |
10p Ordinary | CFD
| Long | 514500 | 3.403941 GBP |
10p Ordinary | CFD
| Long | 128990 | 3.411462 GBP |
10p Ordinary | CFD
| Long | 18740 | 3.40934791889007 GBP |
10p Ordinary | CFD
| Long | 20020 | 3.394323 GBP |
10p Ordinary | CFD
| Long | 198368 | 3.411076 GBP |
10p Ordinary | CFD
| Long | 19997 | 3.4089056 GBP |
10p Ordinary | CFD
| Long | 3208 | 3.3813032 GBP |
10p Ordinary | CFD
| Long | 74060 | 3.41466 GBP |
10p Ordinary | CFD
| Long | 93878 | 3.38707790962739 GBP |
10p Ordinary | CFD
| Long | 7154 | 3.40222575 GBP |
10p Ordinary | CFD
| Short | 739 | 3.393 GBP |
10p Ordinary | CFD
| Short | 1930 | 3.397 GBP |
10p Ordinary | CFD
| Short | 2350 | 3.3938 GBP |
10p Ordinary | CFD
| Short | 3641 | 3.414 GBP |
10p Ordinary | CFD
| Short | 473 | 3.391 GBP |
10p Ordinary | CFD
| Short | 2085 | 3.385 GBP |
10p Ordinary | CFD
| Short | 426444 | 3.40528 GBP |
10p Ordinary | CFD
| Short | 898 | 3.402 GBP |
10p Ordinary | CFD
| Short | 472285 | 3.410655 GBP |
10p Ordinary | CFD
| Short | 1129 | 3.386 GBP |
10p Ordinary | CFD
| Short | 2500 | 3.3965480356 GBP |
10p Ordinary | CFD
| Short | 244 | 3.3855 GBP |
10p Ordinary | CFD
| Short | 2581 | 3.4 GBP |
10p Ordinary | CFD
| Short | 1457 | 3.403 GBP |
10p Ordinary | CFD
| Short | 1444 | 3.42107548 GBP |
10p Ordinary | CFD
| Short | 972 | 3.39 GBP |
10p Ordinary | CFD
| Short | 1618 | 3.372 GBP |
10p Ordinary | CFD
| Short | 200000 | 3.4150929 GBP |
10p Ordinary | CFD
| Short | 2839 | 3.398 GBP |
10p Ordinary | CFD
| Short | 200000 | 3.415355 GBP |
10p Ordinary | CFD
| Short | 3481 | 3.391363 GBP |
10p Ordinary | CFD
| Short | 2243 | 3.39670085 GBP |
10p Ordinary | CFD
| Short | 1410 | 3.39007092 GBP |
10p Ordinary | CFD
| Short | 31638 | 3.41801466 GBP |
10p Ordinary | CFD
| Short | 27233 | 3.435969 GBP |
10p Ordinary | CFD
| Short | 368204 | 3.419 GBP |
10p Ordinary | CFD
| Short | 3308 | 3.3846429 GBP |
10p Ordinary | CFD
| Short | 4203 | 3.41951463240542 GBP |
10p Ordinary | CFD
| Short | 57774 | 3.4304059 GBP |
10p Ordinary | CFD
| Short | 141 | 3.392 GBP |
10p Ordinary | CFD
| Short | 879 | 3.407 GBP |
10p Ordinary | CFD
| Short | 2786 | 3.413 GBP |
10p Ordinary | CFD
| Short | 1200 | 3.379 GBP |
10p Ordinary | CFD
| Short | 606 | 3.405215 GBP |
10p Ordinary | CFD
| Short | 119947 | 3.394505 GBP |
10p Ordinary | CFD
| Short | 141 | 3.391504 GBP |
10p Ordinary | CFD
| Short | 570 | 3.401 GBP |
10p Ordinary | CFD
| Short | 782 | 3.417 GBP |
10p Ordinary | CFD
| Short | 822 | 3.403358 GBP |
10p Ordinary | CFD
| Short | 246882 | 3.41471 GBP |
10p Ordinary | CFD
| Short | 1938 | 3.419169 GBP |
10p Ordinary | CFD
| Short | 4681 | 3.3860393 GBP |
10p Ordinary | CFD
| Short | 4525 | 3.397134 GBP |
10p Ordinary | CFD
| Short | 294 | 3.38277551 GBP |
10p Ordinary | CFD
| Short | 500000 | 3.402148 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 |
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(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) |
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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
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(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: | 12 March 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)