Form 8.3 - Smith (DS) plc

Societe Generale SA

24 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	23/05/2024
(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:	14,604,801	1.06	111,008	0.01
(2)  Cash-settled derivatives:	5,230	0.00	445,564	0.03
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	14,610,031	1.06	556,572	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	158	3.78048
10p ordinary	Purchase	18,941	3.76407
10p ordinary	Purchase	24	3.78012
10p ordinary	Purchase	513	3.8
10p ordinary	Purchase	513	3.8
10p ordinary	Purchase	1,281	3.764
10p ordinary	Purchase	1,281	3.764
10p ordinary	Purchase	94	3.774
10p ordinary	Purchase	97	3.77
10p ordinary	Purchase	108	3.77
10p ordinary	Purchase	112	3.77
10p ordinary	Purchase	140	3.774
10p ordinary	Purchase	204	3.768
10p ordinary	Purchase	250	3.764
10p ordinary	Purchase	303	3.776
10p ordinary	Purchase	335	3.776
10p ordinary	Purchase	339	3.778
10p ordinary	Purchase	356	3.77
10p ordinary	Purchase	356	3.774
10p ordinary	Purchase	373	3.77
10p ordinary	Purchase	375	3.774
10p ordinary	Purchase	408	3.774
10p ordinary	Purchase	411	3.768
10p ordinary	Purchase	448	3.774
10p ordinary	Purchase	551	3.776
10p ordinary	Purchase	573	3.77
10p ordinary	Purchase	603	3.776
10p ordinary	Purchase	603	3.776
10p ordinary	Purchase	628	3.77
10p ordinary	Purchase	649	3.78
10p ordinary	Purchase	661	3.77
10p ordinary	Purchase	790	3.778
10p ordinary	Purchase	818	3.774
10p ordinary	Purchase	827	3.774
10p ordinary	Purchase	827	3.774
10p ordinary	Purchase	850	3.78
10p ordinary	Purchase	851	3.78
10p ordinary	Purchase	882	3.764
10p ordinary	Purchase	1,108	3.774
10p ordinary	Purchase	1,117	3.818
10p ordinary	Purchase	1,125	3.79
10p ordinary	Purchase	1,125	3.79
10p ordinary	Purchase	1,126	3.784
10p ordinary	Purchase	1,127	3.778
10p ordinary	Purchase	1,127	3.78
10p ordinary	Purchase	1,127	3.782
10p ordinary	Purchase	1,129	3.774
10p ordinary	Purchase	1,130	3.77
10p ordinary	Purchase	1,130	3.772
10p ordinary	Purchase	1,131	3.768
10p ordinary	Purchase	1,416	3.79
10p ordinary	Purchase	1,431	3.77
10p ordinary	Purchase	1,433	3.768
10p ordinary	Purchase	1,450	3.77
10p ordinary	Purchase	1,513	3.78
10p ordinary	Purchase	1,624	3.77
10p ordinary	Purchase	1,724	3.776
10p ordinary	Purchase	1,808	3.77
10p ordinary	Purchase	1,884	3.78
10p ordinary	Purchase	2,050	3.772
10p ordinary	Purchase	2,051	3.784
10p ordinary	Purchase	2,087	3.786
10p ordinary	Purchase	2,092	3.782
10p ordinary	Purchase	2,120	3.772
10p ordinary	Purchase	2,135	3.772
10p ordinary	Purchase	2,139	3.77
10p ordinary	Purchase	2,168	3.778
10p ordinary	Purchase	2,172	3.772
10p ordinary	Purchase	2,178	3.78
10p ordinary	Purchase	2,200	3.77
10p ordinary	Purchase	2,206	3.768
10p ordinary	Purchase	2,214	3.772
10p ordinary	Purchase	2,220	3.772
10p ordinary	Purchase	2,238	3.768
10p ordinary	Purchase	2,253	3.762
10p ordinary	Purchase	10,464	3.774
10p ordinary	Purchase	15,222	3.78
10p ordinary	Purchase	28,288	3.772
10p ordinary	Purchase	37,149	3.772
10p ordinary	Purchase	46,781	3.772
10p ordinary	Sale	76,833	3.7818
10p ordinary	Sale	36	3.764
10p ordinary	Sale	989	3.764
10p ordinary	Sale	1,025	3.764
10p ordinary	Sale	1,025	3.764
10p ordinary	Sale	1,439	3.764
10p ordinary	Sale	2,563	3.764
10p ordinary	Sale	3,683	3.764
10p ordinary	Sale	5,122	3.764
10p ordinary	Sale	5,122	3.764
10p ordinary	Sale	5,122	3.764
10p ordinary	Sale	969	3.812
10p ordinary	Sale	36	3.782
10p ordinary	Sale	50	3.768
10p ordinary	Sale	78	3.772
10p ordinary	Sale	85	3.772
10p ordinary	Sale	189	3.778
10p ordinary	Sale	236	3.768
10p ordinary	Sale	381	3.828
10p ordinary	Sale	550	3.768
10p ordinary	Sale	761	3.828
10p ordinary	Sale	844	3.766
10p ordinary	Sale	865	3.782
10p ordinary	Sale	867	3.768
10p ordinary	Sale	901	3.776
10p ordinary	Sale	901	3.778
10p ordinary	Sale	953	3.768
10p ordinary	Sale	958	3.812
10p ordinary	Sale	990	3.77
10p ordinary	Sale	1,356	3.772
10p ordinary	Sale	1,356	3.8
10p ordinary	Sale	2,477	3.772
10p ordinary	Sale	948	3.812
10p ordinary	Sale	1	3.812
10p ordinary	Sale	57	3.77
10p ordinary	Sale	78	3.77
10p ordinary	Sale	78	3.77
10p ordinary	Sale	78	3.782
10p ordinary	Sale	100	3.77
10p ordinary	Sale	124	3.778
10p ordinary	Sale	135	3.77
10p ordinary	Sale	180	3.778
10p ordinary	Sale	200	3.778
10p ordinary	Sale	210	3.77
10p ordinary	Sale	234	3.778
10p ordinary	Sale	247	3.782
10p ordinary	Sale	300	3.77
10p ordinary	Sale	300	3.77
10p ordinary	Sale	321	3.77
10p ordinary	Sale	349	3.77
10p ordinary	Sale	400	3.77
10p ordinary	Sale	400	3.77
10p ordinary	Sale	400	3.778
10p ordinary	Sale	402	3.796
10p ordinary	Sale	408	3.792
10p ordinary	Sale	700	3.77
10p ordinary	Sale	700	3.77
10p ordinary	Sale	700	3.77
10p ordinary	Sale	726	3.778
10p ordinary	Sale	744	3.778
10p ordinary	Sale	800	3.778
10p ordinary	Sale	892	3.778
10p ordinary	Sale	954	3.812
10p ordinary	Sale	1,024	3.808
10p ordinary	Sale	1,111	3.792
10p ordinary	Sale	1,123	3.798
10p ordinary	Sale	1,123	3.8
10p ordinary	Sale	1,126	3.79
10p ordinary	Sale	1,126	3.792
10p ordinary	Sale	1,128	3.782
10p ordinary	Sale	1,129	3.774
10p ordinary	Sale	1,129	3.776
10p ordinary	Sale	1,129	3.778
10p ordinary	Sale	1,130	3.78
10p ordinary	Sale	1,131	3.772
10p ordinary	Sale	1,132	3.77
10p ordinary	Sale	1,288	3.774
10p ordinary	Sale	1,288	3.774
10p ordinary	Sale	1,310	3.776
10p ordinary	Sale	1,413	3.766
10p ordinary	Sale	1,513	3.8
10p ordinary	Sale	1,514	3.798
10p ordinary	Sale	1,520	3.79
10p ordinary	Sale	1,521	3.784
10p ordinary	Sale	1,522	3.78
10p ordinary	Sale	1,523	3.774
10p ordinary	Sale	1,523	3.778
10p ordinary	Sale	1,525	3.774
10p ordinary	Sale	1,525	3.778
10p ordinary	Sale	1,527	3.768
10p ordinary	Sale	1,527	3.768
10p ordinary	Sale	1,527	3.77
10p ordinary	Sale	1,528	3.77
10p ordinary	Sale	1,529	3.766
10p ordinary	Sale	1,872	3.774
10p ordinary	Sale	2,035	3.774
10p ordinary	Sale	2,040	3.77
10p ordinary	Sale	2,184	3.796
10p ordinary	Sale	2,323	3.776
10p ordinary	Sale	4,536	3.764
10p ordinary	Sale	5,095	3.764
10p ordinary	Sale	8,055	3.79
10p ordinary	Sale	9,192	3.764
10p ordinary	Sale	14,751	3.764
10p ordinary	Sale	15,147	3.764
10p ordinary	Sale	48,434	3.764
10p ordinary	Sale	1,127	3.764
10p ordinary	Sale	3,078	3.764
10p ordinary	Sale	17,067	3.764
10p ordinary	Sale	873,659	3.8

(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	158	3.78048
10p ordinary	CFD	Reducing a long position	18,941	3.76407
10p ordinary	CFD	Reducing a long position	24	3.78012

(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:	24/05/2024
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