23rd Feb 2024 10:58
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: | 22 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
| 1672972 | 3.26199 GBP | 3.21589 GBP |
10p Ordinary | Sell
| 1462517 | 3.26199 GBP | 3.20500 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 | 12510 | 3.241826 GBP |
10p Ordinary | CFD
| Long | 2824 | 3.249 GBP |
10p Ordinary | CFD
| Long | 11894 | 3.245833 GBP |
10p Ordinary | CFD
| Long | 6549 | 3.244837 GBP |
10p Ordinary | CFD
| Long | 8626 | 3.239187 GBP |
10p Ordinary | CFD
| Long | 1120 | 3.2515 GBP |
10p Ordinary | CFD
| Long | 4091 | 3.256063 GBP |
10p Ordinary | CFD
| Long | 24979 | 3.2441452 GBP |
10p Ordinary | CFD
| Long | 52500 | 3.24164323809524 GBP |
10p Ordinary | CFD
| Long | 1020 | 3.2428865 GBP |
10p Ordinary | CFD
| Long | 6472 | 3.24353003 GBP |
10p Ordinary | CFD
| Long | 1812 | 3.24790123 GBP |
10p Ordinary | CFD
| Long | 12532 | 3.23711309 GBP |
10p Ordinary | CFD
| Long | 74087 | 3.245 GBP |
10p Ordinary | CFD
| Long | 6543 | 3.247175 GBP |
10p Ordinary | CFD
| Long | 7422 | 3.24357316087308 GBP |
10p Ordinary | CFD
| Long | 18899 | 3.2447775014551 GBP |
10p Ordinary | CFD
| Long | 8819 | 3.240571 GBP |
10p Ordinary | CFD
| Long | 2000 | 3.2465039512 GBP |
10p Ordinary | CFD
| Long | 70675 | 3.243096 GBP |
10p Ordinary | CFD
| Long | 6109 | 3.244087 GBP |
10p Ordinary | CFD
| Long | 1294 | 3.245586 GBP |
10p Ordinary | CFD
| Long | 214 | 3.205 GBP |
10p Ordinary | CFD
| Long | 10270 | 3.248392 GBP |
10p Ordinary | CFD
| Long | 47194 | 3.24492796 GBP |
10p Ordinary | CFD
| Long | 689 | 3.245007 GBP |
10p Ordinary | CFD
| Long | 10515 | 3.243349 GBP |
10p Ordinary | CFD
| Long | 707 | 3.260661 GBP |
10p Ordinary | CFD
| Short | 2445 | 3.23639 GBP |
10p Ordinary | CFD
| Short | 19649 | 3.245162 GBP |
10p Ordinary | CFD
| Short | 10471 | 3.232274 GBP |
10p Ordinary | CFD
| Short | 3449 | 3.23190523 GBP |
10p Ordinary | CFD
| Short | 9849 | 3.227781 GBP |
10p Ordinary | CFD
| Short | 9083 | 3.23240422 GBP |
10p Ordinary | CFD
| Short | 2 | 3.225 GBP |
10p Ordinary | CFD
| Short | 360000 | 3.24516636 GBP |
10p Ordinary | CFD
| Short | 1225 | 3.24500408163265 GBP |
10p Ordinary | CFD
| Short | 25000 | 3.245339 GBP |
10p Ordinary | CFD
| Short | 1757 | 3.249983 GBP |
10p Ordinary | CFD
| Short | 4540 | 3.219888 GBP |
10p Ordinary | CFD
| Short | 5120 | 3.24643003 GBP |
10p Ordinary | CFD
| Short | 5542 | 3.21589137 GBP |
10p Ordinary | CFD
| Short | 80000 | 3.2185 GBP |
10p Ordinary | CFD
| Short | 12491 | 3.24295572812425 GBP |
10p Ordinary | CFD
| Short | 4590 | 3.22817 GBP |
10p Ordinary | CFD
| Short | 438 | 3.243315 GBP |
10p Ordinary | CFD
| Short | 43656 | 3.245 GBP |
10p Ordinary | CFD
| Short | 1900 | 3.21822631578947 GBP |
10p Ordinary | CFD
| Short | 3279 | 3.24135 GBP |
10p Ordinary | CFD
| Short | 2483 | 3.237073 GBP |
10p Ordinary | CFD
| Short | 10729 | 3.24439104 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: | 23 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)