Form 8.5 (EPT/RI) - Smith (DS) Plc

UBS AG (EPT)

28 March 2024

 

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:	27 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

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	17518894	3.97050        GBP	3.84000        GBP
10p Ordinary	Sell	21011921	3.97050        GBP	3.84000        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	250000	3.904168        GBP
10p Ordinary	CFD	Long	100000	3.9274        GBP
10p Ordinary	CFD	Long	379352	3.957831        GBP
10p Ordinary	CFD	Long	100000	3.9418        GBP
10p Ordinary	CFD	Long	300000	3.92552707        GBP
10p Ordinary	CFD	Long	52420	3.9629485        GBP
10p Ordinary	CFD	Long	1350000	3.93028525        GBP
10p Ordinary	CFD	Long	18849	3.9315        GBP
10p Ordinary	CFD	Long	290156	3.966        GBP
10p Ordinary	CFD	Long	33425	3.88712670157068        GBP
10p Ordinary	CFD	Long	29168	3.948923        GBP
10p Ordinary	CFD	Long	130182	3.908459        GBP
10p Ordinary	CFD	Long	22	3.858        GBP
10p Ordinary	CFD	Long	1748	3.965801        GBP
10p Ordinary	CFD	Long	92484	3.9015839        GBP
10p Ordinary	CFD	Long	155656	3.849075        GBP
10p Ordinary	CFD	Long	28219	3.948418        GBP
10p Ordinary	CFD	Long	113878	3.871773        GBP
10p Ordinary	CFD	Long	17977	3.860046        GBP
10p Ordinary	CFD	Long	1909	3.89807438        GBP
10p Ordinary	CFD	Long	2000000	3.847649        GBP
10p Ordinary	CFD	Long	509	3.949        GBP
10p Ordinary	CFD	Long	1103	3.947        GBP
10p Ordinary	CFD	Long	394157	3.960574        GBP
10p Ordinary	CFD	Long	294459	3.95279998        GBP
10p Ordinary	CFD	Long	225000	3.9457        GBP
10p Ordinary	CFD	Long	7500	3.888729619        GBP
10p Ordinary	CFD	Long	5	3.948        GBP
10p Ordinary	CFD	Long	682892	3.863192        GBP
10p Ordinary	CFD	Long	78758	3.9376008786409        GBP
10p Ordinary	CFD	Long	279	3.969        GBP
10p Ordinary	CFD	Long	20767	3.922596        GBP
10p Ordinary	CFD	Long	4919	3.917216        GBP
10p Ordinary	CFD	Long	14204	3.849074        GBP
10p Ordinary	CFD	Long	150000	3.890597        GBP
10p Ordinary	CFD	Long	4156636	3.9210676        GBP
10p Ordinary	CFD	Long	6802	3.903309320788        GBP
10p Ordinary	CFD	Long	1076	3.91300185873606        GBP
10p Ordinary	CFD	Short	354925	3.88960225399732        GBP
10p Ordinary	CFD	Short	1581	3.92736875395319        GBP
10p Ordinary	CFD	Short	195000	3.90091        GBP
10p Ordinary	CFD	Short	389000	3.86911249        GBP
10p Ordinary	CFD	Short	230872	3.9164        GBP
10p Ordinary	CFD	Short	34632	3.86        GBP
10p Ordinary	CFD	Short	23088	3.87880934        GBP
10p Ordinary	CFD	Short	598379	3.966        GBP
10p Ordinary	CFD	Short	21963	3.910942        GBP
10p Ordinary	CFD	Short	11594	3.85777874        GBP
10p Ordinary	CFD	Short	32	3.9540625        GBP
10p Ordinary	CFD	Short	10393	3.89300126        GBP
10p Ordinary	CFD	Short	192629	3.87202969        GBP
10p Ordinary	CFD	Short	102973	3.86021526        GBP
10p Ordinary	CFD	Short	27480	3.87202966        GBP
10p Ordinary	CFD	Short	58373	3.93078415        GBP
10p Ordinary	CFD	Short	19913	3.858857        GBP
10p Ordinary	CFD	Short	102	3.94823039        GBP
10p Ordinary	CFD	Short	989953	3.943617        GBP
10p Ordinary	CFD	Short	2000000	3.86229        GBP
10p Ordinary	CFD	Short	625	3.944        GBP
10p Ordinary	CFD	Short	14163	3.940762        GBP
10p Ordinary	CFD	Short	75000	3.850696        GBP
10p Ordinary	CFD	Short	1750000	3.8899        GBP
10p Ordinary	CFD	Short	75000	3.902707        GBP
10p Ordinary	CFD	Short	150000	3.852707        GBP
10p Ordinary	CFD	Short	389000	3.8753        GBP
10p Ordinary	CFD	Short	200000	3.85986        GBP
10p Ordinary	CFD	Short	12511	5.00751126        USD
10p Ordinary	CFD	Short	34900	3.87123467        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

(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)

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

(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:	28 March 2024
Contact name:	Richard Howard
Telephone number:	[phone]

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 [e-mail]

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

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

 

END