Form 8.3 - Smith (DS) plc

Societe Generale SA

18 September 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	17/09/2024
(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:	17,014,641	1.23	248,208	0.02
(2)  Cash-settled derivatives:	75,224	0.01	2,010,595	0.15
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	17,089,865	1.24	2,258,803	0.16

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	176	4.78
10p ordinary	Purchase	41	4.783
10p ordinary	Purchase	41	4.784
10p ordinary	Purchase	89	4.78
10p ordinary	Purchase	20	4.78
10p ordinary	Purchase	42	4.78
10p ordinary	Purchase	68	4.784
10p ordinary	Purchase	75	4.78
10p ordinary	Purchase	36	4.78
10p ordinary	Purchase	36	4.78
10p ordinary	Purchase	27	4.78
10p ordinary	Purchase	41	4.78
10p ordinary	Purchase	41	4.78
10p ordinary	Purchase	395	4.788
10p ordinary	Purchase	590	4.786
10p ordinary	Purchase	800	4.786
10p ordinary	Purchase	995	4.788
10p ordinary	Purchase	1,390	4.784
10p ordinary	Purchase	5,561	4.784
10p ordinary	Purchase	5,561	4.784
10p ordinary	Purchase	379	4.786
10p ordinary	Purchase	520	4.804
10p ordinary	Purchase	525	4.786
10p ordinary	Purchase	637	4.764
10p ordinary	Purchase	667	4.774
10p ordinary	Purchase	1,019	4.804
10p ordinary	Purchase	1,536	4.804
10p ordinary	Purchase	115	4.808
10p ordinary	Purchase	156	4.764
10p ordinary	Purchase	252	4.772
10p ordinary	Purchase	532	4.78
10p ordinary	Purchase	631	4.772
10p ordinary	Purchase	658	4.78
10p ordinary	Purchase	707	4.756
10p ordinary	Purchase	712	4.828
10p ordinary	Purchase	779	4.808
10p ordinary	Purchase	875	4.814
10p ordinary	Purchase	875	4.816
10p ordinary	Purchase	876	4.804
10p ordinary	Purchase	876	4.81
10p ordinary	Purchase	877	4.802
10p ordinary	Purchase	877	4.806
10p ordinary	Purchase	877	4.808
10p ordinary	Purchase	879	4.786
10p ordinary	Purchase	879	4.794
10p ordinary	Purchase	880	4.784
10p ordinary	Purchase	880	4.788
10p ordinary	Purchase	882	4.774
10p ordinary	Purchase	882	4.778
10p ordinary	Purchase	883	4.774
10p ordinary	Purchase	884	4.76
10p ordinary	Purchase	884	4.764
10p ordinary	Purchase	884	4.766
10p ordinary	Purchase	885	4.758
10p ordinary	Purchase	885	4.762
10p ordinary	Purchase	885	4.764
10p ordinary	Purchase	890	4.792
10p ordinary	Purchase	906	4.764
10p ordinary	Purchase	1,000	4.762
10p ordinary	Purchase	1,007	4.792
10p ordinary	Purchase	1,021	4.81
10p ordinary	Purchase	1,040	4.762
10p ordinary	Purchase	1,051	4.814
10p ordinary	Purchase	1,056	4.788
10p ordinary	Purchase	1,058	4.774
10p ordinary	Purchase	1,095	4.8
10p ordinary	Purchase	1,142	4.812
10p ordinary	Purchase	1,183	4.808
10p ordinary	Purchase	1,189	4.786
10p ordinary	Purchase	1,190	4.786
10p ordinary	Purchase	1,191	4.774
10p ordinary	Purchase	1,191	4.776
10p ordinary	Purchase	1,191	4.776
10p ordinary	Purchase	1,191	4.784
10p ordinary	Purchase	1,217	4.8
10p ordinary	Purchase	1,276	4.81
10p ordinary	Purchase	1,297	4.804
10p ordinary	Purchase	1,300	4.796
10p ordinary	Purchase	1,300	4.798
10p ordinary	Purchase	1,300	4.8
10p ordinary	Purchase	1,300	4.814
10p ordinary	Purchase	1,301	4.808
10p ordinary	Purchase	1,301	4.81
10p ordinary	Purchase	1,306	4.798
10p ordinary	Purchase	1,310	4.808
10p ordinary	Purchase	1,311	4.808
10p ordinary	Purchase	1,316	4.824
10p ordinary	Purchase	1,342	4.786
10p ordinary	Purchase	1,373	4.818
10p ordinary	Purchase	1,374	4.818
10p ordinary	Purchase	1,411	4.82
10p ordinary	Purchase	1,425	4.822
10p ordinary	Purchase	1,435	4.83
10p ordinary	Purchase	1,436	4.832
10p ordinary	Purchase	1,589	4.794
10p ordinary	Purchase	1,593	4.792
10p ordinary	Purchase	1,660	4.82
10p ordinary	Purchase	1,661	4.8
10p ordinary	Purchase	1,665	4.81
10p ordinary	Purchase	1,671	4.81
10p ordinary	Purchase	1,678	4.808
10p ordinary	Purchase	1,700	4.812
10p ordinary	Purchase	1,748	4.796
10p ordinary	Purchase	1,847	4.784
10p ordinary	Purchase	1,998	4.79
10p ordinary	Purchase	2,170	4.79
10p ordinary	Purchase	4,562	4.81
10p ordinary	Purchase	14,312	4.822
10p ordinary	Purchase	29,315	4.82
10p ordinary	Purchase	153	4.8
10p ordinary	Purchase	966	4.784
10p ordinary	Purchase	10,446	4.784
10p ordinary	Purchase	304	4.78378
10p ordinary	Sale	55,373	4.784
10p ordinary	Sale	38	4.8
10p ordinary	Sale	16	4.802
10p ordinary	Sale	53	4.802
10p ordinary	Sale	38	4.802
10p ordinary	Sale	38	4.8
10p ordinary	Sale	38	4.804
10p ordinary	Sale	89	4.798
10p ordinary	Sale	38	4.8
10p ordinary	Sale	39	4.8
10p ordinary	Sale	105	4.784
10p ordinary	Sale	10	4.824
10p ordinary	Sale	15	4.816
10p ordinary	Sale	246	4.834
10p ordinary	Sale	296	4.814
10p ordinary	Sale	393	4.834
10p ordinary	Sale	443	4.82
10p ordinary	Sale	449	4.816
10p ordinary	Sale	449	4.816
10p ordinary	Sale	450	4.816
10p ordinary	Sale	451	4.824
10p ordinary	Sale	486	4.824
10p ordinary	Sale	581	4.826
10p ordinary	Sale	687	4.816
10p ordinary	Sale	731	4.824
10p ordinary	Sale	978	4.816
10p ordinary	Sale	1,000	4.818
10p ordinary	Sale	1,187	4.81
10p ordinary	Sale	1,332	4.816
10p ordinary	Sale	1,436	4.814
10p ordinary	Sale	1,492	4.826
10p ordinary	Sale	2,156	4.816
10p ordinary	Sale	4,447	4.816
10p ordinary	Sale	589	4.826
10p ordinary	Sale	435	4.816
10p ordinary	Sale	33	4.81
10p ordinary	Sale	33	4.816
10p ordinary	Sale	154	4.816
10p ordinary	Sale	489	4.81
10p ordinary	Sale	4	4.808
10p ordinary	Sale	75	4.828
10p ordinary	Sale	84	4.814
10p ordinary	Sale	101	4.834
10p ordinary	Sale	141	4.806
10p ordinary	Sale	200	4.814
10p ordinary	Sale	220	4.824
10p ordinary	Sale	258	4.824
10p ordinary	Sale	481	4.808
10p ordinary	Sale	702	4.808
10p ordinary	Sale	778	4.828
10p ordinary	Sale	785	4.814
10p ordinary	Sale	873	4.824
10p ordinary	Sale	874	4.824
10p ordinary	Sale	878	4.808
10p ordinary	Sale	878	4.81
10p ordinary	Sale	879	4.796
10p ordinary	Sale	879	4.798
10p ordinary	Sale	879	4.8
10p ordinary	Sale	879	4.802
10p ordinary	Sale	883	4.786
10p ordinary	Sale	883	4.788
10p ordinary	Sale	883	4.79
10p ordinary	Sale	885	4.768
10p ordinary	Sale	885	4.77
10p ordinary	Sale	980	4.834
10p ordinary	Sale	1,022	4.788
10p ordinary	Sale	1,043	4.806
10p ordinary	Sale	1,054	4.802
10p ordinary	Sale	1,054	4.804
10p ordinary	Sale	1,055	4.802
10p ordinary	Sale	1,059	4.78
10p ordinary	Sale	1,146	4.816
10p ordinary	Sale	1,181	4.816
10p ordinary	Sale	1,183	4.808
10p ordinary	Sale	1,186	4.802
10p ordinary	Sale	1,186	4.802
10p ordinary	Sale	1,186	4.804
10p ordinary	Sale	1,187	4.794
10p ordinary	Sale	1,187	4.796
10p ordinary	Sale	1,190	4.786
10p ordinary	Sale	1,191	4.784
10p ordinary	Sale	6,701	4.784
10p ordinary	Sale	7,929	4.784
10p ordinary	Sale	14,061	4.784
10p ordinary	Sale	14,379	4.784
10p ordinary	Sale	336	4.7813
10p ordinary	Sale	198	4.784
10p ordinary	Sale	264	4.784
10p ordinary	Sale	364	4.784
10p ordinary	Sale	364	4.784
10p ordinary	Sale	364	4.784
10p ordinary	Sale	2,653	4.784
10p ordinary	Sale	2,781	4.784
10p ordinary	Sale	5,794	4.784
10p ordinary	Sale	6,057	4.784
10p ordinary	Sale	6,983	4.784
10p ordinary	Sale	14,023	4.784
10p ordinary	Sale	15	4.76
10p ordinary	Sale	166	4.76
10p ordinary	Sale	127	4.76
10p ordinary	Sale	166	4.76
10p ordinary	Sale	640	4.76
10p ordinary	Sale	166	4.76
10p ordinary	Sale	6,906,690	4.76
10p ordinary	Sale	10,446	4.784
10p ordinary	Sale	966	4.784

(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 short position	55,373	4.784
10p ordinary	CFD	Increasing a long position	492	4.796247935
10p ordinary	CFD	Reducing a long position	665	4.781148644
10p ordinary	CFD	Reducing a long position	68	4.7854352

(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:	18/09/2024
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