22nd Feb 2024 11:36
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: | 21 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
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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
| 3592054 | 3.24300 GBP | 3.18800 GBP |
10p Ordinary | Sell
| 3218195 | 3.23764 GBP | 3.18800 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 | 2944 | 3.208 GBP |
10p Ordinary | CFD
| Long | 1428 | 3.209 GBP |
10p Ordinary | CFD
| Long | 592 | 3.211 GBP |
10p Ordinary | CFD
| Long | 2289 | 3.212 GBP |
10p Ordinary | CFD
| Long | 828 | 3.189 GBP |
10p Ordinary | CFD
| Long | 1000 | 3.195 GBP |
10p Ordinary | CFD
| Long | 514 | 3.205389 GBP |
10p Ordinary | CFD
| Long | 658 | 3.20035591 GBP |
10p Ordinary | CFD
| Long | 442104 | 3.2 GBP |
10p Ordinary | CFD
| Long | 315 | 3.202743 GBP |
10p Ordinary | CFD
| Long | 294 | 3.199913 GBP |
10p Ordinary | CFD
| Long | 244 | 3.232951 GBP |
10p Ordinary | CFD
| Long | 24725 | 3.20463784 GBP |
10p Ordinary | CFD
| Long | 17055 | 3.20367444 GBP |
10p Ordinary | CFD
| Long | 5800 | 3.21857931034483 GBP |
10p Ordinary | CFD
| Long | 35781 | 3.206561 GBP |
10p Ordinary | CFD
| Long | 4997 | 3.194 GBP |
10p Ordinary | CFD
| Long | 4800 | 3.201 GBP |
10p Ordinary | CFD
| Long | 2078 | 3.191 GBP |
10p Ordinary | CFD
| Long | 879 | 3.199936 GBP |
10p Ordinary | CFD
| Long | 91440 | 3.200196 GBP |
10p Ordinary | CFD
| Long | 19125 | 3.203656 GBP |
10p Ordinary | CFD
| Long | 10095 | 3.19984 GBP |
10p Ordinary | CFD
| Long | 4554 | 3.19971234 GBP |
10p Ordinary | CFD
| Short | 1153 | 3.243 GBP |
10p Ordinary | CFD
| Short | 8749 | 3.20004 GBP |
10p Ordinary | CFD
| Short | 12400 | 3.20014 GBP |
10p Ordinary | CFD
| Short | 3000 | 3.1995711287 GBP |
10p Ordinary | CFD
| Short | 615500 | 3.20057769 GBP |
10p Ordinary | CFD
| Short | 32842 | 3.20259819743012 GBP |
10p Ordinary | CFD
| Short | 1281 | 3.199738 GBP |
10p Ordinary | CFD
| Short | 6839 | 3.200088 GBP |
10p Ordinary | CFD
| Short | 20680 | 3.20557796 GBP |
10p Ordinary | CFD
| Short | 21100 | 3.20137344 GBP |
10p Ordinary | CFD
| Short | 65000 | 3.20978569230769 GBP |
10p Ordinary | CFD
| Short | 3800 | 3.2108 GBP |
10p Ordinary | CFD
| Short | 31951 | 3.201533 GBP |
10p Ordinary | CFD
| Short | 43284 | 3.203478 GBP |
10p Ordinary | CFD
| Short | 27327 | 3.200877 GBP |
10p Ordinary | CFD
| Short | 8589 | 3.198597 GBP |
10p Ordinary | CFD
| Short | 9380 | 3.208846 GBP |
10p Ordinary | CFD
| Short | 5871 | 3.201054 GBP |
10p Ordinary | CFD
| Short | 6079 | 3.20016 GBP |
10p Ordinary | CFD
| Short | 101819 | 3.2 GBP |
10p Ordinary | CFD
| Short | 22661 | 3.203338 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: | 22 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)