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:	[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