18th Mar 2024 11:39
This announcement replaces the previous RNS announcement 0618H released at 10:40 on the 15th March 2024. Amendments to sections 2a and 2b. All other information remains unchanged
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: | 14 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
| 7247911 | 3.40400 GBP | 3.34501 GBP |
10p Ordinary | Sell
| 4903482 | 3.40300 GBP | 3.34400 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 | 264615 | 3.38364612739263 GBP |
10p Ordinary | CFD
| Long | 6985 | 3.3607659269864 GBP |
10p Ordinary | CFD
| Long | 19217 | 3.389058 GBP |
10p Ordinary | CFD
| Long | 4697 | 3.393 GBP |
10p Ordinary | CFD
| Long | 402 | 3.365 GBP |
10p Ordinary | CFD
| Long | 2790895 | 3.345 GBP |
10p Ordinary | CFD
| Long | 47737 | 3.382346 GBP |
10p Ordinary | CFD
| Long | 1914 | 3.396761 GBP |
10p Ordinary | CFD
| Long | 3926 | 3.3734475 GBP |
10p Ordinary | CFD
| Long | 2017 | 3.35422905 GBP |
10p Ordinary | CFD
| Long | 3110 | 3.3695957 GBP |
10p Ordinary | CFD
| Long | 2660 | 3.384947 GBP |
10p Ordinary | CFD
| Long | 889 | 3.36095799 GBP |
10p Ordinary | CFD
| Long | 2482 | 3.389734 GBP |
10p Ordinary | CFD
| Long | 4086 | 3.361001 GBP |
10p Ordinary | CFD
| Long | 116920 | 3.361 GBP |
10p Ordinary | CFD
| Long | 5861 | 3.36817454 GBP |
10p Ordinary | CFD
| Long | 18457 | 3.360304 GBP |
10p Ordinary | CFD
| Long | 524 | 3.36099236641221 GBP |
10p Ordinary | CFD
| Long | 5890 | 3.36657894736842 GBP |
10p Ordinary | CFD
| Long | 6672 | 3.3604627 GBP |
10p Ordinary | CFD
| Long | 4000 | 3.4006872061 GBP |
10p Ordinary | CFD
| Long | 6166 | 3.37023954 GBP |
10p Ordinary | CFD
| Short | 204555 | 3.3761 GBP |
10p Ordinary | CFD
| Short | 58594 | 3.3611195 GBP |
10p Ordinary | CFD
| Short | 7977 | 3.361909 GBP |
10p Ordinary | CFD
| Short | 525 | 3.36824762 GBP |
10p Ordinary | CFD
| Short | 15640 | 3.361168 GBP |
10p Ordinary | CFD
| Short | 32395 | 3.36341574 GBP |
10p Ordinary | CFD
| Short | 654 | 3.349 GBP |
10p Ordinary | CFD
| Short | 13445 | 3.36743525 GBP |
10p Ordinary | CFD
| Short | 2791198 | 3.345 GBP |
10p Ordinary | CFD
| Short | 108622 | 3.364662 GBP |
10p Ordinary | CFD
| Short | 177 | 3.352881 GBP |
10p Ordinary | CFD
| Short | 141756 | 3.37985875 GBP |
10p Ordinary | CFD
| Short | 18090 | 3.369306 GBP |
10p Ordinary | CFD
| Short | 40579 | 3.35745459474112 GBP |
10p Ordinary | CFD
| Short | 11539 | 3.379507 GBP |
10p Ordinary | CFD
| Short | 6966 | 3.3722 GBP |
10p Ordinary | CFD
| Short | 2640 | 3.35895833333333 GBP |
10p Ordinary | CFD
| Short | 449 | 3.383 GBP |
10p Ordinary | CFD
| Short | 1367 | 3.391 GBP |
10p Ordinary | CFD
| Short | 32362 | 3.388574 GBP |
10p Ordinary | CFD
| Short | 971 | 3.355 GBP |
10p Ordinary | CFD
| Short | 141483 | 3.3613531656 GBP |
10p Ordinary | CFD
| Short | 111950 | 3.3582895498 GBP |
10p Ordinary | CFD
| Short | 1000000 | 3.3537 GBP |
10p Ordinary | CFD
| Short | 1000000 | 3.3714 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: | 18 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)