Form 8.3 - Smith (DS) plc

Societe Generale SA

23 May 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	22/05/2024
(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:	15,551,797	1.13	113,062	0.01
(2)  Cash-settled derivatives:	24,353	0.00	445,564	0.03
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	15,576,150	1.13	558,626	0.04

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	21	3.768
10p ordinary	Purchase	11	3.74
10p ordinary	Purchase	3	3.752
10p ordinary	Purchase	3	3.752
10p ordinary	Purchase	303	3.75
10p ordinary	Purchase	426	3.75
10p ordinary	Purchase	538	3.75
10p ordinary	Purchase	11	3.74
10p ordinary	Purchase	218	3.738
10p ordinary	Purchase	324	3.74
10p ordinary	Purchase	364	3.74
10p ordinary	Purchase	372	3.74
10p ordinary	Purchase	504	3.74
10p ordinary	Purchase	648	3.75
10p ordinary	Purchase	648	3.75
10p ordinary	Purchase	835	3.738
10p ordinary	Purchase	854	3.738
10p ordinary	Purchase	1,356	3.734
10p ordinary	Purchase	1,356	3.746
10p ordinary	Purchase	1,356	3.752
10p ordinary	Purchase	1,781	3.742
10p ordinary	Purchase	1	3.732
10p ordinary	Purchase	74	3.754
10p ordinary	Purchase	79	3.74
10p ordinary	Purchase	82	3.74
10p ordinary	Purchase	109	3.75
10p ordinary	Purchase	127	3.75
10p ordinary	Purchase	128	3.746
10p ordinary	Purchase	149	3.75
10p ordinary	Purchase	295	3.75
10p ordinary	Purchase	557	3.75
10p ordinary	Purchase	752	3.75
10p ordinary	Purchase	910	3.746
10p ordinary	Purchase	1,000	3.75
10p ordinary	Purchase	1,059	3.74
10p ordinary	Purchase	1,139	3.732
10p ordinary	Purchase	1,139	3.738
10p ordinary	Purchase	1,145	3.718
10p ordinary	Purchase	1,145	3.72
10p ordinary	Purchase	1,147	3.714
10p ordinary	Purchase	1,149	3.706
10p ordinary	Purchase	1,150	3.704
10p ordinary	Purchase	1,153	3.69
10p ordinary	Purchase	1,153	3.692
10p ordinary	Purchase	1,155	3.688
10p ordinary	Purchase	1,187	3.746
10p ordinary	Purchase	1,188	3.752
10p ordinary	Purchase	1,241	3.74
10p ordinary	Purchase	1,331	3.754
10p ordinary	Purchase	1,552	3.75
10p ordinary	Purchase	1,643	3.69
10p ordinary	Purchase	1,842	3.75
10p ordinary	Purchase	2,056	3.75
10p ordinary	Purchase	2,062	3.752
10p ordinary	Purchase	2,075	3.744
10p ordinary	Purchase	2,130	3.748
10p ordinary	Purchase	2,144	3.746
10p ordinary	Purchase	2,186	3.75
10p ordinary	Purchase	2,205	3.742
10p ordinary	Purchase	2,244	3.748
10p ordinary	Purchase	2,258	3.75
10p ordinary	Purchase	2,262	3.74
10p ordinary	Purchase	2,939	3.75
10p ordinary	Purchase	31,750	3.74
10p ordinary	Purchase	38	3.768
10p ordinary	Purchase	4,843	3.768
10p ordinary	Purchase	6,098	3.768
10p ordinary	Purchase	11,413	3.768
10p ordinary	Purchase	12,816	3.768
10p ordinary	Purchase	13,022	3.768
10p ordinary	Purchase	17,841	3.768
10p ordinary	Purchase	38,238	3.768
10p ordinary	Purchase	52,389	3.768
10p ordinary	Sale	1,019	3.65763
10p ordinary	Sale	18,080	3.645
10p ordinary	Sale	24	3.63985
10p ordinary	Sale	2,563	3.768
10p ordinary	Sale	5,125	3.768
10p ordinary	Sale	5,125	3.768
10p ordinary	Sale	8	3.746
10p ordinary	Sale	626	3.714
10p ordinary	Sale	1,369	3.75
10p ordinary	Sale	1,838	3.746
10p ordinary	Sale	2,147	3.74
10p ordinary	Sale	117	3.738
10p ordinary	Sale	271	3.698
10p ordinary	Sale	284	3.698
10p ordinary	Sale	293	3.698
10p ordinary	Sale	356	3.7
10p ordinary	Sale	474	3.726
10p ordinary	Sale	474	3.734
10p ordinary	Sale	474	3.74
10p ordinary	Sale	485	3.7
10p ordinary	Sale	536	3.664
10p ordinary	Sale	610	3.734
10p ordinary	Sale	619	3.742
10p ordinary	Sale	695	3.738
10p ordinary	Sale	698	3.75
10p ordinary	Sale	882	3.726
10p ordinary	Sale	894	3.69
10p ordinary	Sale	955	3.738
10p ordinary	Sale	1,229	3.702
10p ordinary	Sale	1,245	3.744
10p ordinary	Sale	1,265	3.724
10p ordinary	Sale	1,356	3.688
10p ordinary	Sale	1,356	3.702
10p ordinary	Sale	1,356	3.702
10p ordinary	Sale	1,356	3.704
10p ordinary	Sale	1,356	3.71
10p ordinary	Sale	1,356	3.736
10p ordinary	Sale	1,356	3.742
10p ordinary	Sale	1,544	3.742
10p ordinary	Sale	1,757	3.738
10p ordinary	Sale	2,088	3.746
10p ordinary	Sale	2,292	3.748
10p ordinary	Sale	2,326	3.664
10p ordinary	Sale	2,328	3.738
10p ordinary	Sale	3,000	3.71
10p ordinary	Sale	3,074	3.738
10p ordinary	Sale	3,465	3.7
10p ordinary	Sale	3,904	3.75
10p ordinary	Sale	268	3.734
10p ordinary	Sale	272	3.704
10p ordinary	Sale	882	3.734
10p ordinary	Sale	891	3.7
10p ordinary	Sale	1,439	3.676
10p ordinary	Sale	1,624	3.742
10p ordinary	Sale	2,136	3.704
10p ordinary	Sale	3,856	3.74
10p ordinary	Sale	7,914	3.748
10p ordinary	Sale	21	3.746
10p ordinary	Sale	36	3.738
10p ordinary	Sale	37	3.736
10p ordinary	Sale	38	3.754
10p ordinary	Sale	54	3.744
10p ordinary	Sale	56	3.75
10p ordinary	Sale	60	3.734
10p ordinary	Sale	67	3.736
10p ordinary	Sale	71	3.736
10p ordinary	Sale	71	3.738
10p ordinary	Sale	72	3.738
10p ordinary	Sale	72	3.738
10p ordinary	Sale	72	3.75
10p ordinary	Sale	78	3.734
10p ordinary	Sale	78	3.736
10p ordinary	Sale	78	3.738
10p ordinary	Sale	78	3.738
10p ordinary	Sale	78	3.738
10p ordinary	Sale	78	3.738
10p ordinary	Sale	78	3.74
10p ordinary	Sale	78	3.74
10p ordinary	Sale	78	3.746
10p ordinary	Sale	78	3.746
10p ordinary	Sale	78	3.75
10p ordinary	Sale	78	3.75
10p ordinary	Sale	78	3.75
10p ordinary	Sale	78	3.754
10p ordinary	Sale	79	3.734
10p ordinary	Sale	79	3.736
10p ordinary	Sale	79	3.74
10p ordinary	Sale	79	3.748
10p ordinary	Sale	83	3.74
10p ordinary	Sale	84	3.746
10p ordinary	Sale	100	3.734
10p ordinary	Sale	100	3.734
10p ordinary	Sale	100	3.734
10p ordinary	Sale	100	3.736
10p ordinary	Sale	100	3.736
10p ordinary	Sale	100	3.736
10p ordinary	Sale	100	3.736
10p ordinary	Sale	100	3.738
10p ordinary	Sale	100	3.738
10p ordinary	Sale	100	3.738
10p ordinary	Sale	100	3.738
10p ordinary	Sale	100	3.738
10p ordinary	Sale	100	3.738
10p ordinary	Sale	100	3.74
10p ordinary	Sale	100	3.74
10p ordinary	Sale	100	3.74
10p ordinary	Sale	100	3.746
10p ordinary	Sale	100	3.746
10p ordinary	Sale	100	3.748
10p ordinary	Sale	100	3.75
10p ordinary	Sale	100	3.75
10p ordinary	Sale	107	3.738
10p ordinary	Sale	127	3.742
10p ordinary	Sale	131	3.664
10p ordinary	Sale	149	3.75
10p ordinary	Sale	153	3.728
10p ordinary	Sale	191	3.754
10p ordinary	Sale	200	3.75
10p ordinary	Sale	203	3.742
10p ordinary	Sale	219	3.752
10p ordinary	Sale	220	3.746
10p ordinary	Sale	229	3.676
10p ordinary	Sale	249	3.756
10p ordinary	Sale	254	3.73
10p ordinary	Sale	272	3.712
10p ordinary	Sale	274	3.71
10p ordinary	Sale	276	3.746
10p ordinary	Sale	280	3.748
10p ordinary	Sale	284	3.71
10p ordinary	Sale	300	3.736
10p ordinary	Sale	300	3.748
10p ordinary	Sale	300	3.752
10p ordinary	Sale	303	3.746
10p ordinary	Sale	324	3.742
10p ordinary	Sale	339	3.736
10p ordinary	Sale	341	3.664
10p ordinary	Sale	350	3.664
10p ordinary	Sale	371	3.742
10p ordinary	Sale	383	3.74
10p ordinary	Sale	399	3.702
10p ordinary	Sale	400	3.736
10p ordinary	Sale	400	3.736
10p ordinary	Sale	400	3.736
10p ordinary	Sale	400	3.736
10p ordinary	Sale	400	3.748
10p ordinary	Sale	404	3.7
10p ordinary	Sale	408	3.738
10p ordinary	Sale	426	3.732
10p ordinary	Sale	428	3.75
10p ordinary	Sale	440	3.736
10p ordinary	Sale	448	3.68
10p ordinary	Sale	469	3.736
10p ordinary	Sale	483	3.738
10p ordinary	Sale	489	3.738
10p ordinary	Sale	518	3.744
10p ordinary	Sale	525	3.726
10p ordinary	Sale	543	3.736
10p ordinary	Sale	576	3.742
10p ordinary	Sale	581	3.738
10p ordinary	Sale	583	3.658
10p ordinary	Sale	583	3.746
10p ordinary	Sale	600	3.734
10p ordinary	Sale	600	3.734
10p ordinary	Sale	600	3.736
10p ordinary	Sale	600	3.736
10p ordinary	Sale	600	3.736
10p ordinary	Sale	600	3.738
10p ordinary	Sale	600	3.738
10p ordinary	Sale	600	3.738
10p ordinary	Sale	600	3.738
10p ordinary	Sale	600	3.74
10p ordinary	Sale	600	3.746
10p ordinary	Sale	600	3.75
10p ordinary	Sale	600	3.75
10p ordinary	Sale	600	3.75
10p ordinary	Sale	600	3.754
10p ordinary	Sale	609	3.738
10p ordinary	Sale	614	3.752
10p ordinary	Sale	630	3.656
10p ordinary	Sale	638	3.708
10p ordinary	Sale	646	3.702
10p ordinary	Sale	655	3.682
10p ordinary	Sale	658	3.676
10p ordinary	Sale	663	3.738
10p ordinary	Sale	679	3.676
10p ordinary	Sale	700	3.734
10p ordinary	Sale	700	3.752
10p ordinary	Sale	701	3.726
10p ordinary	Sale	713	3.74
10p ordinary	Sale	735	3.658
10p ordinary	Sale	747	3.71
10p ordinary	Sale	761	3.75
10p ordinary	Sale	800	3.738
10p ordinary	Sale	802	3.732
10p ordinary	Sale	803	3.71
10p ordinary	Sale	814	3.664
10p ordinary	Sale	815	3.726
10p ordinary	Sale	834	3.748
10p ordinary	Sale	834	3.75
10p ordinary	Sale	846	3.738
10p ordinary	Sale	866	3.74
10p ordinary	Sale	870	3.736
10p ordinary	Sale	870	3.742
10p ordinary	Sale	870	3.742
10p ordinary	Sale	870	3.744
10p ordinary	Sale	873	3.672
10p ordinary	Sale	873	3.734
10p ordinary	Sale	873	3.742
10p ordinary	Sale	879	3.734
10p ordinary	Sale	890	3.71
10p ordinary	Sale	890	3.712
10p ordinary	Sale	891	3.69
10p ordinary	Sale	891	3.69
10p ordinary	Sale	891	3.71
10p ordinary	Sale	891	3.71
10p ordinary	Sale	891	3.71
10p ordinary	Sale	891	3.726
10p ordinary	Sale	891	3.726
10p ordinary	Sale	891	3.726
10p ordinary	Sale	891	3.73
10p ordinary	Sale	911	3.682
10p ordinary	Sale	920	3.708
10p ordinary	Sale	924	3.744
10p ordinary	Sale	938	3.738
10p ordinary	Sale	943	3.656
10p ordinary	Sale	1,038	3.74
10p ordinary	Sale	1,040	3.74
10p ordinary	Sale	1,084	3.744
10p ordinary	Sale	1,090	3.664
10p ordinary	Sale	1,097	3.726
10p ordinary	Sale	1,097	3.728
10p ordinary	Sale	1,097	3.74
10p ordinary	Sale	1,097	3.74
10p ordinary	Sale	1,097	3.742
10p ordinary	Sale	1,100	3.74
10p ordinary	Sale	1,100	3.74
10p ordinary	Sale	1,100	3.75
10p ordinary	Sale	1,114	3.732
10p ordinary	Sale	1,115	3.68
10p ordinary	Sale	1,115	3.756
10p ordinary	Sale	1,128	3.702
10p ordinary	Sale	1,136	3.754
10p ordinary	Sale	1,138	3.744
10p ordinary	Sale	1,139	3.738
10p ordinary	Sale	1,149	3.712
10p ordinary	Sale	1,149	3.714
10p ordinary	Sale	1,152	3.702
10p ordinary	Sale	1,154	3.692
10p ordinary	Sale	1,154	3.698
10p ordinary	Sale	1,154	3.7
10p ordinary	Sale	1,155	3.694
10p ordinary	Sale	1,155	3.696
10p ordinary	Sale	1,155	3.698
10p ordinary	Sale	1,155	3.7
10p ordinary	Sale	1,156	3.694
10p ordinary	Sale	1,156	3.696
10p ordinary	Sale	1,164	3.752
10p ordinary	Sale	1,256	3.74
10p ordinary	Sale	1,270	3.69
10p ordinary	Sale	1,278	3.712
10p ordinary	Sale	1,282	3.756
10p ordinary	Sale	1,299	3.744
10p ordinary	Sale	1,333	3.742
10p ordinary	Sale	1,350	3.74
10p ordinary	Sale	1,388	3.702
10p ordinary	Sale	1,389	3.672
10p ordinary	Sale	1,391	3.726
10p ordinary	Sale	1,449	3.734
10p ordinary	Sale	1,530	3.74
10p ordinary	Sale	1,532	3.754
10p ordinary	Sale	1,534	3.746
10p ordinary	Sale	1,534	3.748
10p ordinary	Sale	1,535	3.744
10p ordinary	Sale	1,535	3.746
10p ordinary	Sale	1,535	3.746
10p ordinary	Sale	1,535	3.748
10p ordinary	Sale	1,535	3.75
10p ordinary	Sale	1,536	3.738
10p ordinary	Sale	1,536	3.746
10p ordinary	Sale	1,537	3.74
10p ordinary	Sale	1,537	3.742
10p ordinary	Sale	1,537	3.744
10p ordinary	Sale	1,537	3.746
10p ordinary	Sale	1,538	3.736
10p ordinary	Sale	1,538	3.736
10p ordinary	Sale	1,538	3.738
10p ordinary	Sale	1,538	3.74
10p ordinary	Sale	1,538	3.74
10p ordinary	Sale	1,538	3.742
10p ordinary	Sale	1,538	3.742
10p ordinary	Sale	1,538	3.746
10p ordinary	Sale	1,539	3.734
10p ordinary	Sale	1,540	3.732
10p ordinary	Sale	1,540	3.738
10p ordinary	Sale	1,540	3.74
10p ordinary	Sale	1,541	3.728
10p ordinary	Sale	1,545	3.724
10p ordinary	Sale	1,546	3.722
10p ordinary	Sale	1,548	3.714
10p ordinary	Sale	1,548	3.716
10p ordinary	Sale	1,548	3.716
10p ordinary	Sale	1,552	3.71
10p ordinary	Sale	1,554	3.708
10p ordinary	Sale	1,555	3.706
10p ordinary	Sale	1,556	3.698
10p ordinary	Sale	1,556	3.698
10p ordinary	Sale	1,557	3.694
10p ordinary	Sale	1,557	3.696
10p ordinary	Sale	1,557	3.696
10p ordinary	Sale	1,558	3.692
10p ordinary	Sale	1,558	3.696
10p ordinary	Sale	1,558	3.698
10p ordinary	Sale	1,558	3.698
10p ordinary	Sale	1,558	3.7
10p ordinary	Sale	1,559	3.696
10p ordinary	Sale	1,559	3.7
10p ordinary	Sale	1,560	3.694
10p ordinary	Sale	1,565	3.684
10p ordinary	Sale	1,567	3.67
10p ordinary	Sale	1,567	3.672
10p ordinary	Sale	1,567	3.674
10p ordinary	Sale	1,569	3.666
10p ordinary	Sale	1,570	3.664
10p ordinary	Sale	1,571	3.664
10p ordinary	Sale	1,571	3.664
10p ordinary	Sale	1,571	3.664
10p ordinary	Sale	1,571	3.666
10p ordinary	Sale	1,571	3.666
10p ordinary	Sale	1,573	3.66
10p ordinary	Sale	1,627	3.746
10p ordinary	Sale	1,796	3.742
10p ordinary	Sale	1,897	3.694
10p ordinary	Sale	2,024	3.75
10p ordinary	Sale	2,047	3.744
10p ordinary	Sale	2,070	3.746
10p ordinary	Sale	2,081	3.75
10p ordinary	Sale	2,083	3.75
10p ordinary	Sale	2,096	3.756
10p ordinary	Sale	2,098	3.748
10p ordinary	Sale	2,108	3.744
10p ordinary	Sale	2,127	3.746
10p ordinary	Sale	2,131	3.75
10p ordinary	Sale	2,158	3.75
10p ordinary	Sale	2,160	3.744
10p ordinary	Sale	2,167	3.746
10p ordinary	Sale	2,175	3.748
10p ordinary	Sale	2,198	3.7
10p ordinary	Sale	2,217	3.748
10p ordinary	Sale	2,233	3.754
10p ordinary	Sale	2,241	3.74
10p ordinary	Sale	2,243	3.75
10p ordinary	Sale	2,245	3.738
10p ordinary	Sale	2,254	3.73
10p ordinary	Sale	2,263	3.742
10p ordinary	Sale	2,611	3.712
10p ordinary	Sale	3,120	3.7
10p ordinary	Sale	3,211	3.716
10p ordinary	Sale	3,372	3.748
10p ordinary	Sale	3,480	3.744
10p ordinary	Sale	1,291,128	3.64

(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	Reducing a long position	21	3.768
10p ordinary	CFD	Reducing a long position	11	3.74
10p ordinary	CFD	Reducing a long position	3	3.752
10p ordinary	CFD	Reducing a long position	3	3.752
10p ordinary	CFD	Increasing a long position	1,019	3.65763
10p ordinary	CFD	Increasing a long position	18,080	3.645
10p ordinary	CFD	Increasing a long position	24	3.63985

(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:	23/05/2024
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