Form 8.3 - Smith (DS) plc

Societe Generale SA
30 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

29/04/2024

(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:

16,678,499

1.21

205,567

0.01

(2)  Cash-settled derivatives:

 

9,265

0.00

400,000

0.03

(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

60

3.516

10p ordinary

Purchase

60

3.51

10p ordinary

Purchase

6

3.52

10p ordinary

Purchase

271

3.506

10p ordinary

Purchase

61

3.498

10p ordinary

Purchase

447

3.516

10p ordinary

Purchase

2,561

3.516

10p ordinary

Purchase

2,561

3.516

10p ordinary

Purchase

2,561

3.516

10p ordinary

Purchase

2,561

3.516

10p ordinary

Purchase

5,121

3.516

10p ordinary

Purchase

5,121

3.516

10p ordinary

Purchase

5,121

3.516

10p ordinary

Purchase

5,121

3.516

10p ordinary

Purchase

8

3.514

10p ordinary

Purchase

47

3.482

10p ordinary

Purchase

51

3.502

10p ordinary

Purchase

81

3.502

10p ordinary

Purchase

159

3.508

10p ordinary

Purchase

212

3.502

10p ordinary

Purchase

237

3.424

10p ordinary

Purchase

245

3.522

10p ordinary

Purchase

247

3.522

10p ordinary

Purchase

323

3.506

10p ordinary

Purchase

374

3.522

10p ordinary

Purchase

439

3.502

10p ordinary

Purchase

500

3.502

10p ordinary

Purchase

526

3.39

10p ordinary

Purchase

583

3.502

10p ordinary

Purchase

583

3.502

10p ordinary

Purchase

583

3.502

10p ordinary

Purchase

635

3.502

10p ordinary

Purchase

646

3.522

10p ordinary

Purchase

650

3.446

10p ordinary

Purchase

696

3.502

10p ordinary

Purchase

697

3.424

10p ordinary

Purchase

707

3.406

10p ordinary

Purchase

719

3.502

10p ordinary

Purchase

771

3.502

10p ordinary

Purchase

771

3.502

10p ordinary

Purchase

771

3.502

10p ordinary

Purchase

771

3.506

10p ordinary

Purchase

771

3.522

10p ordinary

Purchase

835

3.502

10p ordinary

Purchase

885

3.414

10p ordinary

Purchase

964

3.514

10p ordinary

Purchase

998

3.39

10p ordinary

Purchase

1,022

3.502

10p ordinary

Purchase

1,031

3.492

10p ordinary

Purchase

1,086

3.508

10p ordinary

Purchase

1,129

3.414

10p ordinary

Purchase

1,138

3.424

10p ordinary

Purchase

1,177

3.508

10p ordinary

Purchase

1,203

3.502

10p ordinary

Purchase

1,223

3.502

10p ordinary

Purchase

1,288

3.414

10p ordinary

Purchase

1,356

3.392

10p ordinary

Purchase

1,356

3.422

10p ordinary

Purchase

1,356

3.424

10p ordinary

Purchase

1,356

3.504

10p ordinary

Purchase

1,451

3.502

10p ordinary

Purchase

1,484

3.482

10p ordinary

Purchase

1,524

3.39

10p ordinary

Purchase

1,918

3.502

10p ordinary

Purchase

2,295

3.502

10p ordinary

Purchase

4,373

3.482

10p ordinary

Purchase

121

3.502

10p ordinary

Purchase

306

3.514

10p ordinary

Purchase

508

3.502

10p ordinary

Purchase

508

3.514

10p ordinary

Purchase

1,092

3.424

10p ordinary

Purchase

79

3.436

10p ordinary

Purchase

613

3.502

10p ordinary

Purchase

647

3.502

10p ordinary

Purchase

706

3.502

10p ordinary

Purchase

820

3.512

10p ordinary

Purchase

822

3.514

10p ordinary

Purchase

849

3.446

10p ordinary

Purchase

866

3.436

10p ordinary

Purchase

1,338

3.5

10p ordinary

Purchase

301

3.502

10p ordinary

Purchase

329

3.442

10p ordinary

Purchase

350

3.474

10p ordinary

Purchase

353

3.5

10p ordinary

Purchase

420

3.412

10p ordinary

Purchase

464

3.502

10p ordinary

Purchase

509

3.44

10p ordinary

Purchase

531

3.438

10p ordinary

Purchase

589

3.434

10p ordinary

Purchase

616

3.474

10p ordinary

Purchase

619

3.522

10p ordinary

Purchase

663

3.43

10p ordinary

Purchase

694

3.474

10p ordinary

Purchase

815

3.502

10p ordinary

Purchase

850

3.502

10p ordinary

Purchase

877

3.502

10p ordinary

Purchase

907

3.434

10p ordinary

Purchase

959

3.5

10p ordinary

Purchase

1,021

3.43

10p ordinary

Purchase

1,086

3.502

10p ordinary

Purchase

1,146

3.438

10p ordinary

Purchase

1,169

3.44

10p ordinary

Purchase

1,179

3.522

10p ordinary

Purchase

1,222

3.498

10p ordinary

Purchase

1,235

3.506

10p ordinary

Purchase

1,249

3.422

10p ordinary

Purchase

1,254

3.41

10p ordinary

Purchase

1,255

3.406

10p ordinary

Purchase

1,260

3.394

10p ordinary

Purchase

1,261

3.392

10p ordinary

Purchase

1,261

3.392

10p ordinary

Purchase

1,262

3.388

10p ordinary

Purchase

1,358

3.442

10p ordinary

Purchase

1,514

3.5

10p ordinary

Purchase

1,618

3.522

10p ordinary

Purchase

1,646

3.5

10p ordinary

Purchase

1,646

3.504

10p ordinary

Purchase

1,656

3.482

10p ordinary

Purchase

1,659

3.474

10p ordinary

Purchase

1,660

3.476

10p ordinary

Purchase

1,662

3.468

10p ordinary

Purchase

1,663

3.468

10p ordinary

Purchase

1,676

3.442

10p ordinary

Purchase

1,676

3.446

10p ordinary

Purchase

1,677

3.44

10p ordinary

Purchase

1,678

3.44

10p ordinary

Purchase

1,681

3.438

10p ordinary

Purchase

1,682

3.43

10p ordinary

Purchase

1,686

3.422

10p ordinary

Purchase

1,686

3.422

10p ordinary

Purchase

1,687

3.424

10p ordinary

Purchase

1,689

3.416

10p ordinary

Purchase

1,690

3.414

10p ordinary

Purchase

1,690

3.414

10p ordinary

Purchase

1,691

3.414

10p ordinary

Purchase

1,692

3.41

10p ordinary

Purchase

1,693

3.408

10p ordinary

Purchase

1,694

3.406

10p ordinary

Purchase

1,697

3.402

10p ordinary

Purchase

1,698

3.398

10p ordinary

Purchase

1,701

3.394

10p ordinary

Purchase

1,703

3.39

10p ordinary

Purchase

1,704

3.39

10p ordinary

Purchase

1,704

3.392

10p ordinary

Purchase

2,211

3.5

10p ordinary

Purchase

2,281

3.504

10p ordinary

Purchase

2,318

3.506

10p ordinary

Purchase

2,325

3.512

10p ordinary

Purchase

2,359

3.502

10p ordinary

Purchase

3,000

3.482

10p ordinary

Purchase

11,340

3.486

10p ordinary

Sale

1,152,163

3.516

10p ordinary

Sale

1,514,969

3.516

10p ordinary

Sale

484,602

3.516

10p ordinary

Sale

1,524

3.516

10p ordinary

Sale

8,718

3.516

10p ordinary

Sale

100

3.516

10p ordinary

Sale

546

3.514

10p ordinary

Sale

549

3.502

10p ordinary

Sale

669

3.478

10p ordinary

Sale

672

3.502

10p ordinary

Sale

700

3.418

10p ordinary

Sale

700

3.418

10p ordinary

Sale

788

3.514

10p ordinary

Sale

875

3.514

10p ordinary

Sale

1,000

3.426

10p ordinary

Sale

1,116

3.516

10p ordinary

Sale

1,222

3.5

10p ordinary

Sale

1,230

3.478

10p ordinary

Sale

1,242

3.442

10p ordinary

Sale

1,246

3.438

10p ordinary

Sale

1,246

3.438

10p ordinary

Sale

1,259

3.426

10p ordinary

Sale

1,402

3.514

10p ordinary

Sale

1,602

3.478

10p ordinary

Sale

1,659

3.408

10p ordinary

Sale

1,838

3.4

10p ordinary

Sale

2,227

3.49

10p ordinary

Sale

2,315

3.44

10p ordinary

Sale

2,357

3.442

10p ordinary

Sale

2,364

3.514

10p ordinary

Sale

2,427

3.492

10p ordinary

Sale

2,438

3.476

10p ordinary

Sale

14,670

3.516

10p ordinary

Sale

3

3.516

10p ordinary

Sale

5

3.516

10p ordinary

Sale

21

3.516

10p ordinary

Sale

302

3.516

10p ordinary

Sale

516

3.516

10p ordinary

Sale

663

3.516

10p ordinary

Sale

1,656

3.516

10p ordinary

Sale

1,867

3.516

10p ordinary

Sale

2,778

3.516

10p ordinary

Sale

3,220

3.516

10p ordinary

Sale

5,104

3.516

10p ordinary

Sale

5,253

3.516

10p ordinary

Sale

8,849

3.516

10p ordinary

Sale

21,943

3.516

10p ordinary

Sale

46,462

3.516

10p ordinary

Sale

447

3.51605

10p ordinary

Sale

257

3.42

10p ordinary

Sale

531

3.42

 

(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

905

3.51142099

10p ordinary

CFD

Increasing a long position

1

3.516

10p ordinary

CFD

Reducing a short position

1

3.516

10p ordinary

CFD

Reducing a short position

484,601

3.516

10p ordinary

CFD

Reducing a short position

1,152,162

3.516

10p ordinary

CFD

Reducing a short position

1,514,969

3.516

 

(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:

30/04/2024

Contact name:

Paul Jenkins

Telephone number:

+44 20 7676 6969

 

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 +44 (0)20 7638 0129.

 

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

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