14th Mar 2024 11:37
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 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
| 6004917 | 3.46020 GBP | 3.34900 GBP |
10p Ordinary | Sell
| 997569 | 3.39249 GBP | 3.34900 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 | 21461 | 3.371976 GBP |
10p Ordinary | CFD
| Long | 517 | 3.36489748 GBP |
10p Ordinary | CFD
| Long | 2624 | 3.374 GBP |
10p Ordinary | CFD
| Long | 834 | 3.381 GBP |
10p Ordinary | CFD
| Long | 1102 | 3.368207 GBP |
10p Ordinary | CFD
| Long | 2940 | 3.36467262 GBP |
10p Ordinary | CFD
| Long | 100022 | 3.37194 GBP |
10p Ordinary | CFD
| Long | 1004 | 3.387 GBP |
10p Ordinary | CFD
| Long | 4 | 3.371249995 GBP |
10p Ordinary | CFD
| Long | 1532 | 3.366 GBP |
10p Ordinary | CFD
| Long | 49892 | 3.36 GBP |
10p Ordinary | CFD
| Long | 881 | 3.36682179341657 GBP |
10p Ordinary | CFD
| Long | 2392 | 3.364 GBP |
10p Ordinary | CFD
| Long | 1429 | 3.369197 GBP |
10p Ordinary | CFD
| Long | 40904 | 3.359832 GBP |
10p Ordinary | CFD
| Long | 17628 | 3.35976457907874 GBP |
10p Ordinary | CFD
| Long | 5135 | 3.3600343 GBP |
10p Ordinary | CFD
| Long | 3951 | 3.368876 GBP |
10p Ordinary | CFD
| Long | 44225 | 3.362203 GBP |
10p Ordinary | CFD
| Long | 30853 | 3.361724 GBP |
10p Ordinary | CFD
| Long | 181 | 3.366989 GBP |
10p Ordinary | CFD
| Long | 2157 | 3.37 GBP |
10p Ordinary | CFD
| Long | 1907 | 3.37238175 GBP |
10p Ordinary | CFD
| Long | 111 | 3.36245495 GBP |
10p Ordinary | CFD
| Long | 134 | 3.379876 GBP |
10p Ordinary | CFD
| Long | 220972 | 3.37202193038032 GBP |
10p Ordinary | CFD
| Long | 2964 | 3.36682186234818 GBP |
10p Ordinary | CFD
| Long | 941 | 3.368932 GBP |
10p Ordinary | CFD
| Short | 2500000 | 3.370726 GBP |
10p Ordinary | CFD
| Short | 45797 | 3.360513352403 GBP |
10p Ordinary | CFD
| Short | 9186 | 3.365 GBP |
10p Ordinary | CFD
| Short | 195 | 3.388 GBP |
10p Ordinary | CFD
| Short | 89930 | 3.36 GBP |
10p Ordinary | CFD
| Short | 125015 | 3.362514 GBP |
10p Ordinary | CFD
| Short | 5677 | 3.390042 GBP |
10p Ordinary | CFD
| Short | 93633 | 3.3656842948 GBP |
10p Ordinary | CFD
| Short | 2501 | 3.386 GBP |
10p Ordinary | CFD
| Short | 230236 | 3.36631024 GBP |
10p Ordinary | CFD
| Short | 2699 | 3.387 GBP |
10p Ordinary | CFD
| Short | 22167 | 3.36716380204809 GBP |
10p Ordinary | CFD
| Short | 4265 | 3.366 GBP |
10p Ordinary | CFD
| Short | 441 | 3.382 GBP |
10p Ordinary | CFD
| Short | 5741 | 3.375 GBP |
10p Ordinary | CFD
| Short | 1152 | 3.3679566 GBP |
10p Ordinary | CFD
| Short | 5466 | 3.38 GBP |
10p Ordinary | CFD
| Short | 510 | 3.369 GBP |
10p Ordinary | CFD
| Short | 14654 | 3.37137437 GBP |
10p Ordinary | CFD
| Short | 17606 | 3.38487277 GBP |
10p Ordinary | CFD
| Short | 2076 | 3.364845 GBP |
10p Ordinary | CFD
| Short | 1357 | 3.37167944 GBP |
10p Ordinary | CFD
| Short | 2463 | 3.38660171 GBP |
10p Ordinary | CFD
| Short | 3855 | 3.36188093 GBP |
10p Ordinary | CFD
| Short | 129879 | 3.391695 GBP |
10p Ordinary | CFD
| Short | 4387 | 3.3599846 GBP |
10p Ordinary | CFD
| Short | 466 | 3.37254292 GBP |
10p Ordinary | CFD
| Short | 57730 | 3.363012 GBP |
10p Ordinary | CFD
| Short | 3319 | 3.363406 GBP |
10p Ordinary | CFD
| Short | 1300 | 3.3643254 GBP |
10p Ordinary | CFD
| Short | 5360 | 3.356 GBP |
10p Ordinary | CFD
| Short | 4128 | 3.360167 GBP |
10p Ordinary | CFD
| Short | 7609 | 3.363203 GBP |
10p Ordinary | CFD
| Short | 6131 | 3.373433 GBP |
10p Ordinary | CFD
| Short | 9309 | 3.36299853 GBP |
10p Ordinary | CFD
| Short | 634544 | 3.38204717 GBP |
10p Ordinary | CFD
| Short | 500000 | 3.4072 GBP |
10p Ordinary | CFD
| Short | 1000000 | 3.3543 GBP |
10p Ordinary | CFD
| Short | 35932 | 3.362671 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: | 14 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)