Form 8.3 - DS Smith plc

Societe Generale SA

29 April 2024

 

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE

Rule 8.3 of the Takeover Code (the "Code")

1.         KEY INFORMATION

(a) Full name of discloser:	SOCIETE GENERALE SA
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient.  For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	Smith (DS) plc
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	26/04/2024
(f)  In addition to the company in 1(c) above, is the discloser 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: International Paper Company

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

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(c), 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:	10p ordinary
	Interests		Short positions
	Number	%	Number	%
(1)  Relevant securities owned and/or controlled:	19,834,295	1.44	243,007	0.02
(2)  Cash-settled derivatives:	10,169	0.00	3,551,733	0.26
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	19,844,464	1.44	3,794,740	0.28

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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), 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	Purchase/sale	Number of securities	Price per unit GBP
10p ordinary	Purchase	803,114	3.4
10p ordinary	Purchase	561,042	3.4
10p ordinary	Purchase	74	3.4
10p ordinary	Purchase	3	3.4
10p ordinary	Purchase	2	3.402
10p ordinary	Purchase	454	3.386
10p ordinary	Purchase	512	3.376
10p ordinary	Purchase	768	3.372
10p ordinary	Purchase	826	3.386
10p ordinary	Purchase	2,561	3.4
10p ordinary	Purchase	2,561	3.4
10p ordinary	Purchase	5,121	3.4
10p ordinary	Purchase	5,121	3.4
10p ordinary	Purchase	5,121	3.4
10p ordinary	Purchase	5,121	3.4
10p ordinary	Purchase	5,121	3.4
10p ordinary	Purchase	5,121	3.4
10p ordinary	Purchase	5,121	3.4
10p ordinary	Purchase	10,242	3.4
10p ordinary	Purchase	135	3.372
10p ordinary	Purchase	186	3.396
10p ordinary	Purchase	250	3.402
10p ordinary	Purchase	340	3.402
10p ordinary	Purchase	420	3.402
10p ordinary	Purchase	427	3.372
10p ordinary	Purchase	588	3.402
10p ordinary	Purchase	658	3.4
10p ordinary	Purchase	677	3.396
10p ordinary	Purchase	745	3.374
10p ordinary	Purchase	788	3.402
10p ordinary	Purchase	947	3.374
10p ordinary	Purchase	1,227	3.4
10p ordinary	Purchase	1,322	3.402
10p ordinary	Purchase	1,356	3.394
10p ordinary	Purchase	1,356	3.4
10p ordinary	Purchase	1,674	3.372
10p ordinary	Purchase	2,334	3.396
10p ordinary	Purchase	2,742	3.402
10p ordinary	Purchase	2,950	3.412
10p ordinary	Purchase	500	3.376
10p ordinary	Purchase	511	3.376
10p ordinary	Purchase	919	3.412
10p ordinary	Purchase	1,486	3.412
10p ordinary	Purchase	1,500	3.412
10p ordinary	Purchase	279	3.404
10p ordinary	Purchase	1,558	3.404
10p ordinary	Purchase	138	3.372
10p ordinary	Purchase	205	3.372
10p ordinary	Purchase	262	3.422
10p ordinary	Purchase	402	3.402
10p ordinary	Purchase	662	3.374
10p ordinary	Purchase	702	3.4
10p ordinary	Purchase	737	3.4
10p ordinary	Purchase	862	3.402
10p ordinary	Purchase	863	3.412
10p ordinary	Purchase	903	3.412
10p ordinary	Purchase	927	3.404
10p ordinary	Purchase	929	3.372
10p ordinary	Purchase	977	3.376
10p ordinary	Purchase	978	3.376
10p ordinary	Purchase	980	3.422
10p ordinary	Purchase	996	3.41
10p ordinary	Purchase	1,219	3.404
10p ordinary	Purchase	1,234	3.422
10p ordinary	Purchase	1,259	3.402
10p ordinary	Purchase	1,261	3.4
10p ordinary	Purchase	1,268	3.378
10p ordinary	Purchase	1,277	3.362
10p ordinary	Purchase	1,293	3.41
10p ordinary	Purchase	1,435	3.4
10p ordinary	Purchase	1,661	3.4
10p ordinary	Purchase	1,661	3.42
10p ordinary	Purchase	1,673	3.398
10p ordinary	Purchase	1,704	3.402
10p ordinary	Purchase	1,713	3.386
10p ordinary	Purchase	1,785	3.404
10p ordinary	Purchase	2,835	3.401
10p ordinary	Purchase	3,000	3.401
10p ordinary	Purchase	19	3.398
10p ordinary	Purchase	388	3.39983
10p ordinary	Purchase	6,881,231	3.392
10p ordinary	Purchase	5,326,028	3.392
10p ordinary	Sale	388	3.4
10p ordinary	Sale	9	3.398
10p ordinary	Sale	6	3.398
10p ordinary	Sale	4	3.398
10p ordinary	Sale	6	3.398
10p ordinary	Sale	51	3.392
10p ordinary	Sale	395	3.392
10p ordinary	Sale	408	3.392
10p ordinary	Sale	426	3.392
10p ordinary	Sale	93	3.376
10p ordinary	Sale	278	3.37
10p ordinary	Sale	287	3.37
10p ordinary	Sale	541	3.37
10p ordinary	Sale	551	3.37
10p ordinary	Sale	658	3.4
10p ordinary	Sale	778	3.378
10p ordinary	Sale	848	3.37
10p ordinary	Sale	866	3.37
10p ordinary	Sale	894	3.36
10p ordinary	Sale	1,050	3.36
10p ordinary	Sale	1,190	3.376
10p ordinary	Sale	1,224	3.372
10p ordinary	Sale	1,356	3.362
10p ordinary	Sale	1,356	3.388
10p ordinary	Sale	1,356	3.39
10p ordinary	Sale	1,367	3.372
10p ordinary	Sale	1,480	3.37
10p ordinary	Sale	1,686	3.36
10p ordinary	Sale	807	3.378
10p ordinary	Sale	951	3.36
10p ordinary	Sale	22	3.41
10p ordinary	Sale	24	3.41
10p ordinary	Sale	61	3.4
10p ordinary	Sale	65	3.376
10p ordinary	Sale	92	3.41
10p ordinary	Sale	100	3.41
10p ordinary	Sale	273	3.36
10p ordinary	Sale	282	3.4
10p ordinary	Sale	363	3.36
10p ordinary	Sale	386	3.372
10p ordinary	Sale	441	3.366
10p ordinary	Sale	483	3.372
10p ordinary	Sale	508	3.41
10p ordinary	Sale	606	3.398
10p ordinary	Sale	668	3.364
10p ordinary	Sale	702	3.366
10p ordinary	Sale	783	3.356
10p ordinary	Sale	847	3.37
10p ordinary	Sale	871	3.37
10p ordinary	Sale	978	3.356
10p ordinary	Sale	1,017	3.366
10p ordinary	Sale	1,054	3.364
10p ordinary	Sale	1,096	3.398
10p ordinary	Sale	1,236	3.372
10p ordinary	Sale	1,280	3.366
10p ordinary	Sale	1,330	3.372
10p ordinary	Sale	1,360	3.4
10p ordinary	Sale	1,392	3.4
10p ordinary	Sale	1,463	3.376
10p ordinary	Sale	1,694	3.414
10p ordinary	Sale	1,696	3.408
10p ordinary	Sale	1,697	3.408
10p ordinary	Sale	1,697	3.412
10p ordinary	Sale	1,699	3.404
10p ordinary	Sale	1,699	3.406
10p ordinary	Sale	1,699	3.408
10p ordinary	Sale	1,700	3.402
10p ordinary	Sale	1,700	3.404
10p ordinary	Sale	1,702	3.4
10p ordinary	Sale	1,703	3.4
10p ordinary	Sale	1,703	3.4
10p ordinary	Sale	1,703	3.4
10p ordinary	Sale	1,706	3.388
10p ordinary	Sale	1,713	3.38
10p ordinary	Sale	1,713	3.384
10p ordinary	Sale	1,713	3.386
10p ordinary	Sale	1,716	3.376
10p ordinary	Sale	1,717	3.368
10p ordinary	Sale	1,717	3.37
10p ordinary	Sale	1,717	3.37
10p ordinary	Sale	1,717	3.372
10p ordinary	Sale	1,718	3.37
10p ordinary	Sale	1,718	3.378
10p ordinary	Sale	1,719	3.37
10p ordinary	Sale	1,721	3.366
10p ordinary	Sale	1,722	3.36
10p ordinary	Sale	1,723	3.362
10p ordinary	Sale	1,723	3.364
10p ordinary	Sale	1,726	3.36
10p ordinary	Sale	1,869	3.374
10p ordinary	Sale	1,888	3.36
10p ordinary	Sale	2,534	3.4
10p ordinary	Sale	2,644	3.4
10p ordinary	Sale	10,986	3.4
10p ordinary	Sale	2,358	3.4
10p ordinary	Sale	4,228	3.4
10p ordinary	Sale	4,461	3.4
10p ordinary	Sale	7,077	3.4
10p ordinary	Sale	7,162	3.4
10p ordinary	Sale	9,800	3.4
10p ordinary	Sale	12,382	3.4
10p ordinary	Sale	15,990	3.4

(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 GBP
10p ordinary	CFD	Increasing a short position	803,114	3.4
10p ordinary	CFD	Increasing a short position	561,042	3.4
10p ordinary	CFD	Reducing a long position	74	3.4
10p ordinary	CFD	Reducing a long position	3	3.4
10p ordinary	CFD	Reducing a long position	2	3.402
10p ordinary	CFD	Increasing a long position	388	3.4
10p ordinary	CFD	Increasing a long position	9	3.398
10p ordinary	CFD	Increasing a long position	6	3.398
10p ordinary	CFD	Increasing a long position	4	3.398
10p ordinary	CFD	Increasing a long position	6	3.398

(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 person 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 person 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:	29/04/2024
Contact name:	Paul Jenkins
Telephone number:	[phone]

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 [phone].

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

 

END