Smurfit Kappa Group PLC Holding(s) in Company

RNS Number : 2326V

Smurfit Kappa Group PLC

04 July 2024

 

Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland)i
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii: Smurfit Kappa Group PLC
2. Reason for the notification (please tick the appropriate box or boxes): [X] An acquisition or disposal of voting rights [] An acquisition or disposal of financial instruments [] An event changing the breakdown of voting rights [] Other (please specify)iii:
3. Details of person subject to the notification obligationiv :
Name: JPMorgan Chase & Co.		City and country of registered office (if applicable): Wilmington, Delaware, United States of America
4. Full name of shareholder(s) (if different from 3.)v:          J.P. Morgan Securities plc
5. Date on which the threshold was crossed or reachedvi: 02 July 2024
6. Date on which issuer notified: 04 July 2024
7. Threshold(s) that is/are crossed or reached: 5%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)	% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	3.67%	2.68%	6.35%	261,094,836
Position of previous notification (if applicable)	n/a	n/a	n/a

 

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:
A: Voting rights attached to shares
Class/type of shares ISIN code (if possible)	Number of voting rightsix					% of voting rights
	Direct			Indirect		Direct		Indirect
IE00B1RR8406				9,588,568				3.67%
SUBTOTAL A				9,588,568				3.67%
B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations
Type of financial instrument		Expiration datex	Exercise/ Conversion Periodxi			Number of voting rights that may be acquired if the instrument is exercised/converted.			% of voting rights
Depository Receipt						4,681			0.00
Exchangeable Bond		05/12/2025				14			0.00
Physically-settled Put Options		28/11/2025				1,000,000			0.38
			SUBTOTAL B.1			1,004,695			0.38
B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex		Exercise/ Conversion Period xi		Physical or cash settlementxii		Number of voting rights		% of voting rights
Cash-settled Equity Swap	20/09/2024		20/09/2024		Cash		41,112		0.02
Cash-settled Equity Swap	30/10/2024		30/10/2024		Cash		71,340		0.03
Cash-settled Equity Swap	28/11/2024		28/11/2024		Cash		52,226		0.02
Cash-settled Equity Swap	12/02/2025		12/02/2025		Cash		800		0.00
Cash-settled Equity Swap	29/04/2025		29/04/2025		Cash		30,853		0.01
Cash-settled Equity Swap	26/06/2025		26/06/2025		Cash		1,060,139		0.41
Cash-settled Equity Swap	01/07/2025		01/07/2025		Cash		2,142,053		0.82
Cash-settled Equity Swap	09/07/2025		09/07/2025		Cash		179		0.00
Cash-settled Equity Swap	17/07/2025		17/07/2025		Cash		113,290		0.04
Cash-settled Equity Swap	28/07/2025		28/07/2025		Cash		835,858		0.32
Cash-settled Equity Swap	01/08/2025		01/08/2025		Cash		144,993		0.06
Cash-settled Equity Swap	04/08/2025		04/08/2025		Cash		51,100		0.02
Cash-settled Equity Swap	05/08/2025		05/08/2025		Cash		34,536		0.01
Cash-settled Equity Swap	06/08/2025		06/08/2025		Cash		15,510		0.01
Cash-settled Equity Swap	29/08/2025		29/08/2025		Cash		865		0.00
Cash-settled Equity Swap	02/09/2025		02/09/2025		Cash		4,013		0.00
Cash-settled Equity Swap	15/09/2025		15/09/2025		Cash		39,290		0.02
Cash-settled Equity Swap	17/09/2025		17/09/2025		Cash		284,589		0.11
Cash-settled Equity Swap	05/01/2026		05/01/2026		Cash		20,628		0.01
Cash-settled Equity Swap	11/03/2026		11/03/2026		Cash		33,442		0.01
Cash-settled Equity Swap	21/04/2026		21/04/2026		Cash		21,246		0.01
Cash-settled Equity Swap	22/04/2026		22/04/2026		Cash		60,144		0.02
Cash-settled Equity Swap	24/04/2026		24/04/2026		Cash		1,270		0.00
Cash-settled Equity Swap	27/04/2026		27/04/2026		Cash		432		0.00
Cash-settled Equity Swap	29/04/2026		29/04/2026		Cash		3,560		0.00
Cash-settled Equity Swap	05/05/2026		05/05/2026		Cash		489		0.00
Cash-settled Equity Swap	11/05/2026		11/05/2026		Cash		440		0.00
Cash-settled Equity Swap	12/05/2026		12/05/2026		Cash		11,725		0.00
Cash-settled Equity Swap	13/05/2026		13/05/2026		Cash		15,768		0.01
Cash-settled Equity Swap	18/05/2026		18/05/2026		Cash		38,291		0.01
Cash-settled Equity Swap	19/05/2026		19/05/2026		Cash		7,163		0.00
Cash-settled Equity Swap	20/05/2026		20/05/2026		Cash		60,892		0.02
Cash-settled Equity Swap	22/05/2026		22/05/2026		Cash		1,173		0.00
Cash-settled Equity Swap	26/05/2026		26/05/2026		Cash		11,758		0.00
Cash-settled Equity Swap	27/05/2026		27/05/2026		Cash		13,754		0.01
Cash-settled Equity Swap	02/06/2026		02/06/2026		Cash		3,973		0.00
Cash-settled Equity Swap	05/06/2026		05/06/2026		Cash		1,866		0.00
Cash-settled Equity Swap	08/06/2026		08/06/2026		Cash		416		0.00
Cash-settled Equity Swap	09/06/2026		09/06/2026		Cash		3,508		0.00
Cash-settled Equity Swap	10/06/2026		10/06/2026		Cash		10,913		0.00
Cash-settled Equity Swap	12/06/2026		12/06/2026		Cash		8,982		0.00
Cash-settled Equity Swap	24/06/2026		24/06/2026		Cash		6,522		0.00
Cash-settled Equity Swap	26/06/2026		26/06/2026		Cash		4,173		0.00
Cash-settled Equity Swap	30/06/2026		30/06/2026		Cash		4,642		0.00
Cash-settled Equity Swap	01/07/2026		01/07/2026		Cash		76,843		0.03
Cash-settled Equity Swap	05/05/2028		05/05/2028		Cash		7,045		0.00
Cash-settled Equity Swap	30/05/2028		30/05/2028		Cash		40,703		0.02
Cash-settled Equity Swap	16/01/2029		16/01/2029		Cash		599,100		0.23
Cash-settled Equity Swap	21/06/2029		21/06/2029		Cash		34		0.00
Cash-settled Equity Swap	04/07/2029		04/07/2029		Cash		41		0.00
					SUBTOTAL B.2		5,993,682		2.30%

 

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):   [ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii   [X] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:
Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association
J.P. Morgan International Finance Limited
J.P. Morgan Capital Holdings Limited
J.P. Morgan Securities plc	3.52%		6.20%
JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC
J.P. Morgan Broker-Dealer Holdings Inc.
J.P. Morgan Securities LLC
JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC
J.P. MORGAN FINANCIAL INVESTMENTS LIMITED
J.P. MORGAN MARKETS LIMITED
JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC
J.P. MORGAN FINANCIAL INVESTMENTS LIMITED
J.P. MORGAN MARKETS LIMITED
Almea 2 Segregated Portfolio Company
11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]
12. Additional informationxvi:

 

Done at London on 04 July 2024

 

Notes

ⁱ. Persons completing this form should have regard to the requirements of the Transparency (Directive 2004/109/EC) Regulations 2007 as amended (the "Regulations"), the Central Bank of Ireland's Transparency Rules (the "Transparency Rules") and Commission Delegated Regulation (EU) 2015/761 of 17 December 2014.

ⁱⁱ Full name of the legal entity and other identifying specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity).

 

ⁱⁱⁱ Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

 

^iv This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC); or (c) the holder of financial instruments referred to in Regulation 17(1) of the Regulations (Article 13(1) of Directive 2004/109/EC).

 

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

 

In relation to the transactions referred to in points (b) to (h) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the following list is provided as an indication of the persons who should be mentioned:

 

-     in the circumstances foreseen in letter (b) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;

 

-     in the circumstances foreseen in letter (c) of the Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;

 

-     in the circumstances foreseen in letter (d) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;

 

-     in the circumstances foreseen in letter (e) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Regulation 14 of the Regulations (Article 9 of Directive 2004/109/EC), under letters (a) to (d) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC) or under a combination of any of those situations, the controlled undertaking;

 

-     in the circumstances foreseen in letter (f) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;

 

-     in the circumstances foreseen in letter (g) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity that controls the voting rights;

 

-     in the circumstances foreseen in letter (h) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

 

^v Applicable in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Regulation 15 of the Regulations (Article 10 Directive 2004/109/EC) unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with the requirements of the Regulations and the Transparency Rules.

 

^vi The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

 

^vii The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

 

^viii If the holding has fallen below the lowest applicable threshold in accordance with the Regulations and the Transparency Rules  the holder is not obliged to disclose the extent of the holding only that the holding is "below 3%" or "below 5%" as appropriate.

 

^ix In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns - if there is no combined holdings, please leave the relevant box blank.

 

^x Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

 

^xi If the financial instrument has such a period - please specify this period - for example once every 3 months starting from [date].

 

^xii In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (Regulation 17(4) of the Regulations/Article 13(1a) of Directive 2004/109/EC).

 

^xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

 

^xiv The full chain of controlled undertakings, starting with the ultimate controlling natural person or legal entity, has to be presented also in cases in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification, as only thus will the markets get a full picture of the group holdings. In the case of multiple chains through which the voting rights and/or financial instruments are effectively held, the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.).

 

^xv The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespective of whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

 

^xvi Example: Correction of a previous notification.

 

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