Form 8.5 (EPT/NON-RI)-Mondi plc

J.P. Morgan Eq South Africa Prop
16 April 2024
 

FORM 8.5 (EPT/NON-RI)

 

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY ("RI") STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

J.P. Morgan Equities South Africa Proprietary Ltd

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

Mondi plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Corporate broker to Smith (DS) plc

(d) Date position held/dealing undertaken:

     For an opening position disclosure, state the latest practicable date prior to the disclosure

15 April 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 the offer?

     If it is a cash offer or possible cash offer, state "N/A"

Yes, Smith (DS) plc & International Paper Company

 

2.         POSITIONS OF THE EXEMPT PRINCIPAL TRADER

 

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

 

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

 

Class of relevant security:

 

EUR 0.22 ordinary

 

 

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

3,920,226

0.89

0

0

(2) Cash-settled derivatives:

 

0

0

7,061,044

1.60

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

0

0

0

0

 

     TOTAL:

3,920,226

0.89

7,061,044

1.60

 

All interests and all short positions should be disclosed.

 

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

 

(b)        Rights to subscribe for new securities (including directors' and other employee options)

 

Class of relevant security in relation to which subscription right exists:

 

Details, including nature of the rights concerned and relevant percentages:

 

 

 

3.         DEALINGS (IF ANY) 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 3(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

 

EUR 0.22 ordinary

 

 

Purchase

 

Sale

3,904,107

 

2,664,740

335.7300 ZAR

 

336.1600 ZAR

325.0000 ZAR

 

330.1000 ZAR

 

 

(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

 

EUR 0.22 ordinary

Equity Swap

Decrease Long

 

 

 

 

 

 

 

 

Decrease Short

 

 

Increase Long

 

 

 

 

 

 

 

 

 

Increase Short

 

 

 

 

Opening a Long Position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Opening a Short Position

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

631

727

380

6,863

147

56

89

233

 

1,414

90

 

1,199

607

3,416

89

527

492

710

6,007

89

 

3,851,700

691

127

7,604

 

5,920

1,321

908

5,697

4,279

57

5,224

492

3,309

182

390

4,589

160

703

573

301

926

3,309

1,440

 

2,250

1,705

69

704

740

492

1,964

946

180

1,782

306

117

464

6,964

3,536

1,084

29

2,537

333.3619 ZAR

333.4628 ZAR

334.0016 ZAR

334.1300 ZAR

334.6254 ZAR

334.6700 ZAR

334.8912 ZAR

335.1223 ZAR

 

334.1759 ZAR

334.5100 ZAR

 

331.2527 ZAR

331.5507 ZAR

332.4325 ZAR

333.7800 ZAR

333.7970 ZAR

334.0016 ZAR

334.1300 ZAR

334.1960 ZAR

334.3900 ZAR

 

325.0000 ZAR

333.9988 ZAR

334.4425 ZAR

334.4899 ZAR

 

331.9029 ZAR

332.7312 ZAR

333.7054 ZAR

333.9472 ZAR

333.9691 ZAR

334.0200 ZAR

334.0217 ZAR

334.0450 ZAR

334.1300 ZAR

334.3800 ZAR

334.3933 ZAR

334.4561 ZAR

334.4900 ZAR

334.5000 ZAR

334.5700 ZAR

334.5900 ZAR

334.7200 ZAR

334.7969 ZAR

335.2698 ZAR

 

331.8344 ZAR

332.5294 ZAR

333.7500 ZAR

334.0272 ZAR

334.0322 ZAR

334.0350 ZAR

334.0797 ZAR

334.1163 ZAR

334.1733 ZAR

334.1791 ZAR

334.1963 ZAR

334.4725 ZAR

334.5000 ZAR

334.6945 ZAR

334.7759 ZAR

335.0798 ZAR

335.0900 ZAR

335.2663 ZAR

 

(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

 

 

 

 

 

 

 

(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)

 

 

 

 

 

 

 

4.         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

 

 

 

(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

 

 

 

(c)        Attachments

 

Is a Supplemental Form 8 (Open Positions) attached?

NO

 

 

Date of disclosure:

16 April 2024

Contact name:

Natasha Mondon

Telephone number:

01202 325175

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END
 
 

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