Form 8.3 - Smith (DS) plc

Societe Generale SA

08 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	07/05/2024
(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:	16,619,761	1.20	142,700	0.01
(2)  Cash-settled derivatives:	8,777	0.00	280,478	0.02
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	16,628,538	1.21	423,178	0.03

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	666	3.602
10p ordinary	Purchase	1,112	3.602
10p ordinary	Purchase	770	3.358
10p ordinary	Purchase	5,000	3.462
10p ordinary	Purchase	2,218	3.358
10p ordinary	Purchase	2,012	3.358
10p ordinary	Purchase	5	3.678
10p ordinary	Purchase	22	3.678
10p ordinary	Purchase	82	3.678
10p ordinary	Purchase	101	3.678
10p ordinary	Purchase	256	3.67
10p ordinary	Purchase	256	3.67
10p ordinary	Purchase	295	3.678
10p ordinary	Purchase	430	3.678
10p ordinary	Purchase	512	3.67
10p ordinary	Purchase	584	3.678
10p ordinary	Purchase	738	3.68
10p ordinary	Purchase	836	3.678
10p ordinary	Purchase	877	3.678
10p ordinary	Purchase	1,024	3.67
10p ordinary	Purchase	1,024	3.68
10p ordinary	Purchase	1,105	3.678
10p ordinary	Purchase	1,280	3.58
10p ordinary	Purchase	1,280	3.672
10p ordinary	Purchase	1,280	3.68
10p ordinary	Purchase	1,362	3.678
10p ordinary	Purchase	1,823	3.68
10p ordinary	Purchase	2,561	3.58
10p ordinary	Purchase	2,856	3.678
10p ordinary	Purchase	512	3.68
10p ordinary	Purchase	977	3.7
10p ordinary	Purchase	3,896	3.6
10p ordinary	Purchase	1	3.696
10p ordinary	Purchase	28	3.702
10p ordinary	Purchase	47	3.708
10p ordinary	Purchase	119	3.714
10p ordinary	Purchase	142	3.704
10p ordinary	Purchase	163	3.696
10p ordinary	Purchase	172	3.686
10p ordinary	Purchase	204	3.674
10p ordinary	Purchase	209	3.704
10p ordinary	Purchase	271	3.702
10p ordinary	Purchase	276	3.704
10p ordinary	Purchase	284	3.702
10p ordinary	Purchase	300	3.676
10p ordinary	Purchase	317	3.676
10p ordinary	Purchase	354	3.702
10p ordinary	Purchase	482	3.7
10p ordinary	Purchase	498	3.686
10p ordinary	Purchase	500	3.674
10p ordinary	Purchase	500	3.702
10p ordinary	Purchase	504	3.7
10p ordinary	Purchase	540	3.696
10p ordinary	Purchase	540	3.696
10p ordinary	Purchase	540	3.7
10p ordinary	Purchase	540	3.704
10p ordinary	Purchase	578	3.7
10p ordinary	Purchase	578	3.708
10p ordinary	Purchase	600	3.602
10p ordinary	Purchase	600	3.638
10p ordinary	Purchase	612	3.556
10p ordinary	Purchase	614	3.552
10p ordinary	Purchase	637	3.632
10p ordinary	Purchase	643	3.668
10p ordinary	Purchase	664	3.538
10p ordinary	Purchase	670	3.714
10p ordinary	Purchase	732	3.57
10p ordinary	Purchase	753	3.698
10p ordinary	Purchase	777	3.576
10p ordinary	Purchase	800	3.602
10p ordinary	Purchase	834	3.704
10p ordinary	Purchase	837	3.704
10p ordinary	Purchase	841	3.696
10p ordinary	Purchase	902	3.552
10p ordinary	Purchase	931	3.7
10p ordinary	Purchase	944	3.706
10p ordinary	Purchase	963	3.652
10p ordinary	Purchase	1,157	3.612
10p ordinary	Purchase	1,197	3.68
10p ordinary	Purchase	1,334	3.706
10p ordinary	Purchase	1,356	3.394
10p ordinary	Purchase	1,356	3.694
10p ordinary	Purchase	1,356	3.704
10p ordinary	Purchase	1,517	3.626
10p ordinary	Purchase	1,747	3.7
10p ordinary	Purchase	2,308	3.618
10p ordinary	Purchase	2,410	3.608
10p ordinary	Purchase	2,471	3.684
10p ordinary	Purchase	3,484	3.672
10p ordinary	Purchase	4,384	3.632
10p ordinary	Purchase	601	3.636
10p ordinary	Purchase	658	3.708
10p ordinary	Purchase	677	3.692
10p ordinary	Purchase	677	3.716
10p ordinary	Purchase	951	3.7
10p ordinary	Purchase	1,100	3.652
10p ordinary	Purchase	1,200	3.602
10p ordinary	Purchase	2,185	3.652
10p ordinary	Purchase	2,314	3.614
10p ordinary	Purchase	2	3.682
10p ordinary	Purchase	7	3.652
10p ordinary	Purchase	8	3.652
10p ordinary	Purchase	20	3.682
10p ordinary	Purchase	24	3.674
10p ordinary	Purchase	26	3.574
10p ordinary	Purchase	53	3.652
10p ordinary	Purchase	70	3.676
10p ordinary	Purchase	73	3.65
10p ordinary	Purchase	74	3.674
10p ordinary	Purchase	76	3.65
10p ordinary	Purchase	78	3.574
10p ordinary	Purchase	81	3.642
10p ordinary	Purchase	98	3.682
10p ordinary	Purchase	100	3.642
10p ordinary	Purchase	100	3.65
10p ordinary	Purchase	107	3.688
10p ordinary	Purchase	109	3.642
10p ordinary	Purchase	138	3.65
10p ordinary	Purchase	166	3.682
10p ordinary	Purchase	231	3.702
10p ordinary	Purchase	240	3.598
10p ordinary	Purchase	241	3.602
10p ordinary	Purchase	276	3.678
10p ordinary	Purchase	282	3.642
10p ordinary	Purchase	295	3.612
10p ordinary	Purchase	300	3.604
10p ordinary	Purchase	300	3.604
10p ordinary	Purchase	300	3.604
10p ordinary	Purchase	300	3.65
10p ordinary	Purchase	305	3.686
10p ordinary	Purchase	311	3.708
10p ordinary	Purchase	315	3.642
10p ordinary	Purchase	319	3.688
10p ordinary	Purchase	331	3.686
10p ordinary	Purchase	335	3.638
10p ordinary	Purchase	352	3.622
10p ordinary	Purchase	352	3.654
10p ordinary	Purchase	378	3.61
10p ordinary	Purchase	397	3.706
10p ordinary	Purchase	400	3.65
10p ordinary	Purchase	470	3.688
10p ordinary	Purchase	474	3.602
10p ordinary	Purchase	517	3.694
10p ordinary	Purchase	528	3.678
10p ordinary	Purchase	559	3.686
10p ordinary	Purchase	570	3.682
10p ordinary	Purchase	642	3.676
10p ordinary	Purchase	648	3.678
10p ordinary	Purchase	669	3.678
10p ordinary	Purchase	675	3.688
10p ordinary	Purchase	684	3.65
10p ordinary	Purchase	687	3.7
10p ordinary	Purchase	691	3.654
10p ordinary	Purchase	700	3.574
10p ordinary	Purchase	733	3.688
10p ordinary	Purchase	761	3.61
10p ordinary	Purchase	778	3.574
10p ordinary	Purchase	795	3.578
10p ordinary	Purchase	805	3.604
10p ordinary	Purchase	816	3.574
10p ordinary	Purchase	869	3.676
10p ordinary	Purchase	881	3.688
10p ordinary	Purchase	881	3.702
10p ordinary	Purchase	881	3.706
10p ordinary	Purchase	881	3.708
10p ordinary	Purchase	894	3.654
10p ordinary	Purchase	897	3.678
10p ordinary	Purchase	897	3.7
10p ordinary	Purchase	897	3.708
10p ordinary	Purchase	902	3.574
10p ordinary	Purchase	902	3.574
10p ordinary	Purchase	918	3.574
10p ordinary	Purchase	918	3.578
10p ordinary	Purchase	918	3.578
10p ordinary	Purchase	918	3.602
10p ordinary	Purchase	918	3.61
10p ordinary	Purchase	918	3.612
10p ordinary	Purchase	918	3.622
10p ordinary	Purchase	918	3.638
10p ordinary	Purchase	918	3.65
10p ordinary	Purchase	918	3.65
10p ordinary	Purchase	936	3.7
10p ordinary	Purchase	945	3.698
10p ordinary	Purchase	1,000	3.598
10p ordinary	Purchase	1,012	3.61
10p ordinary	Purchase	1,042	3.684
10p ordinary	Purchase	1,042	3.698
10p ordinary	Purchase	1,050	3.682
10p ordinary	Purchase	1,051	3.694
10p ordinary	Purchase	1,100	3.578
10p ordinary	Purchase	1,100	3.642
10p ordinary	Purchase	1,128	3.706
10p ordinary	Purchase	1,142	3.682
10p ordinary	Purchase	1,157	3.708
10p ordinary	Purchase	1,157	3.71
10p ordinary	Purchase	1,158	3.706
10p ordinary	Purchase	1,159	3.7
10p ordinary	Purchase	1,159	3.702
10p ordinary	Purchase	1,159	3.704
10p ordinary	Purchase	1,160	3.7
10p ordinary	Purchase	1,167	3.678
10p ordinary	Purchase	1,167	3.68
10p ordinary	Purchase	1,168	3.674
10p ordinary	Purchase	1,168	3.676
10p ordinary	Purchase	1,195	3.642
10p ordinary	Purchase	1,233	3.654
10p ordinary	Purchase	1,239	3.61
10p ordinary	Purchase	1,263	3.516
10p ordinary	Purchase	1,271	3.678
10p ordinary	Purchase	1,288	3.682
10p ordinary	Purchase	1,333	3.706
10p ordinary	Purchase	1,519	3.652
10p ordinary	Purchase	1,565	3.704
10p ordinary	Purchase	1,565	3.704
10p ordinary	Purchase	1,566	3.702
10p ordinary	Purchase	1,568	3.696
10p ordinary	Purchase	1,569	3.696
10p ordinary	Purchase	1,572	3.684
10p ordinary	Purchase	1,572	3.684
10p ordinary	Purchase	1,572	3.684
10p ordinary	Purchase	1,572	3.686
10p ordinary	Purchase	1,572	3.688
10p ordinary	Purchase	1,573	3.682
10p ordinary	Purchase	1,573	3.684
10p ordinary	Purchase	1,573	3.684
10p ordinary	Purchase	1,574	3.68
10p ordinary	Purchase	1,574	3.682
10p ordinary	Purchase	1,576	3.676
10p ordinary	Purchase	1,576	3.676
10p ordinary	Purchase	1,578	3.674
10p ordinary	Purchase	1,580	3.666
10p ordinary	Purchase	1,583	3.66
10p ordinary	Purchase	1,583	3.66
10p ordinary	Purchase	1,583	3.662
10p ordinary	Purchase	1,585	3.658
10p ordinary	Purchase	1,586	3.652
10p ordinary	Purchase	1,586	3.654
10p ordinary	Purchase	1,587	3.652
10p ordinary	Purchase	1,588	3.648
10p ordinary	Purchase	1,588	3.65
10p ordinary	Purchase	1,588	3.65
10p ordinary	Purchase	1,589	3.64
10p ordinary	Purchase	1,606	3.612
10p ordinary	Purchase	1,625	3.642
10p ordinary	Purchase	1,866	3.618
10p ordinary	Purchase	1,978	3.426
10p ordinary	Purchase	2,005	3.696
10p ordinary	Purchase	2,221	3.5
10p ordinary	Purchase	2,226	3.682
10p ordinary	Purchase	2,231	3.678
10p ordinary	Purchase	2,273	3.386
10p ordinary	Purchase	2,285	3.63
10p ordinary	Purchase	2,317	3.516
10p ordinary	Purchase	2,348	3.41
10p ordinary	Purchase	2,393	3.384
10p ordinary	Purchase	2,582	3.612
10p ordinary	Purchase	2,639	3.672
10p ordinary	Purchase	2,950	3.632
10p ordinary	Purchase	3,024	3.426
10p ordinary	Purchase	3,076	3.602
10p ordinary	Purchase	3,748	3.68
10p ordinary	Purchase	3,873	3.632
10p ordinary	Purchase	28,654	3.42
10p ordinary	Sale	404	3.688
10p ordinary	Sale	493	3.686
10p ordinary	Sale	10,000	3.54
10p ordinary	Sale	881	3.686
10p ordinary	Sale	793	3.606
10p ordinary	Sale	1,546	3.56
10p ordinary	Sale	2,091	3.7
10p ordinary	Sale	174	3.714
10p ordinary	Sale	206	3.462
10p ordinary	Sale	298	3.612
10p ordinary	Sale	300	3.714
10p ordinary	Sale	580	3.414
10p ordinary	Sale	681	3.414
10p ordinary	Sale	871	3.462
10p ordinary	Sale	1,128	3.706
10p ordinary	Sale	1,160	3.706
10p ordinary	Sale	1,177	3.656
10p ordinary	Sale	1,196	3.596
10p ordinary	Sale	1,261	3.412
10p ordinary	Sale	1,261	3.416
10p ordinary	Sale	1,261	3.418
10p ordinary	Sale	1,282	3.362
10p ordinary	Sale	1,308	3.612
10p ordinary	Sale	1,394	3.56
10p ordinary	Sale	1,624	3.578
10p ordinary	Sale	1,624	3.59
10p ordinary	Sale	1,627	3.566
10p ordinary	Sale	1,630	3.56
10p ordinary	Sale	1,635	3.554
10p ordinary	Sale	1,645	3.534
10p ordinary	Sale	1,696	3.43
10p ordinary	Sale	1,702	3.416
10p ordinary	Sale	1,719	3.386
10p ordinary	Sale	1,851	3.6
10p ordinary	Sale	4	3.672
10p ordinary	Sale	12,377	3.58
10p ordinary	Sale	25,842	3.58
10p ordinary	Sale	1,285	3.67
10p ordinary	Sale	1,285	3.67

(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	Increasing a short position	666	3.602
10p ordinary	CFD	Increasing a short position	1,112	3.602
10p ordinary	CFD	Increasing a short position	770	3.358
10p ordinary	CFD	Increasing a short position	5,000	3.462
10p ordinary	CFD	Increasing a short position	2,218	3.358
10p ordinary	CFD	Increasing a short position	2,012	3.358
10p ordinary	CFD	Reducing a short position	404	3.688
10p ordinary	CFD	Reducing a short position	493	3.686
10p ordinary	CFD	Reducing a short position	10,000	3.54
10p ordinary	CFD	Reducing a short position	881	3.686

(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:	08/05/2024
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