Form 8.3 - Smith (DS) plc

Societe Generale SA

10 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	09/05/2024
(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:	16,775,066	1.22	27,553	0.00
(2)  Cash-settled derivatives:	8,604	0.00	280,478	0.02
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	16,783,670	1.22	308,031	0.02

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	57	3.65
10p ordinary	Purchase	19	3.634
10p ordinary	Purchase	109	3.6
10p ordinary	Purchase	7	3.618
10p ordinary	Purchase	245	3.65
10p ordinary	Purchase	256	3.628
10p ordinary	Purchase	513	3.6
10p ordinary	Purchase	779	3.65
10p ordinary	Purchase	1,280	3.65
10p ordinary	Purchase	1,280	3.66
10p ordinary	Purchase	1,282	3.6
10p ordinary	Purchase	5,129	3.6
10p ordinary	Purchase	5,129	3.6
10p ordinary	Purchase	5,129	3.6
10p ordinary	Purchase	5,129	3.6
10p ordinary	Purchase	5,129	3.6
10p ordinary	Purchase	5,129	3.6
10p ordinary	Purchase	5,129	3.6
10p ordinary	Purchase	5,129	3.6
10p ordinary	Purchase	133	3.62
10p ordinary	Purchase	368	3.62
10p ordinary	Purchase	746	3.62
10p ordinary	Purchase	895	3.664
10p ordinary	Purchase	956	3.62
10p ordinary	Purchase	1,157	3.62
10p ordinary	Purchase	1,269	3.62
10p ordinary	Purchase	1,292	3.62
10p ordinary	Purchase	1,593	3.62
10p ordinary	Purchase	1,618	3.666
10p ordinary	Purchase	1,641	3.62
10p ordinary	Purchase	2,198	3.62
10p ordinary	Purchase	9	3.62
10p ordinary	Purchase	441	3.62
10p ordinary	Purchase	1,270	3.62
10p ordinary	Purchase	1,631	3.626
10p ordinary	Purchase	8	3.61
10p ordinary	Purchase	14	3.61
10p ordinary	Purchase	67	3.632
10p ordinary	Purchase	197	3.626
10p ordinary	Purchase	315	3.666
10p ordinary	Purchase	432	3.618
10p ordinary	Purchase	464	3.61
10p ordinary	Purchase	652	3.662
10p ordinary	Purchase	699	3.626
10p ordinary	Purchase	757	3.618
10p ordinary	Purchase	873	3.622
10p ordinary	Purchase	950	3.622
10p ordinary	Purchase	1,000	3.626
10p ordinary	Purchase	1,183	3.64
10p ordinary	Purchase	1,185	3.63
10p ordinary	Purchase	1,187	3.624
10p ordinary	Purchase	1,190	3.612
10p ordinary	Purchase	1,192	3.61
10p ordinary	Purchase	1,215	3.61
10p ordinary	Purchase	1,270	3.63
10p ordinary	Purchase	1,271	3.666
10p ordinary	Purchase	1,487	3.62
10p ordinary	Purchase	1,633	3.63
10p ordinary	Purchase	1,655	3.63
10p ordinary	Purchase	1,692	3.662
10p ordinary	Purchase	1,870	3.626
10p ordinary	Purchase	2,058	3.626
10p ordinary	Purchase	2,058	3.626
10p ordinary	Purchase	2,141	3.668
10p ordinary	Purchase	2,159	3.614
10p ordinary	Purchase	2,164	3.628
10p ordinary	Purchase	2,168	3.624
10p ordinary	Purchase	2,181	3.662
10p ordinary	Purchase	2,286	3.626
10p ordinary	Purchase	2,300	3.634
10p ordinary	Purchase	2,761	3.62
10p ordinary	Purchase	3,025	3.67
10p ordinary	Purchase	3,068	3.63
10p ordinary	Purchase	3,101	3.616
10p ordinary	Purchase	3,229	3.62
10p ordinary	Purchase	3,229	3.62
10p ordinary	Purchase	3,280	3.64
10p ordinary	Purchase	7,089	3.626
10p ordinary	Purchase	9,259	3.626
10p ordinary	Purchase	11,247	3.626
10p ordinary	Purchase	13,809	3.626
10p ordinary	Purchase	71,168	3.63
10p ordinary	Purchase	3,393	3.6
10p ordinary	Purchase	6,000	3.6
10p ordinary	Purchase	21,092	3.6
10p ordinary	Purchase	25,412	3.6
10p ordinary	Sale	1,058	3.624
10p ordinary	Sale	1,461	3.634
10p ordinary	Sale	2,596	3.624
10p ordinary	Sale	90	3.624
10p ordinary	Sale	586	3.67
10p ordinary	Sale	677	3.624
10p ordinary	Sale	738	3.634
10p ordinary	Sale	743	3.624
10p ordinary	Sale	1,164	3.624
10p ordinary	Sale	1,216	3.674
10p ordinary	Sale	1,356	3.682
10p ordinary	Sale	2,130	3.67
10p ordinary	Sale	2,163	3.624
10p ordinary	Sale	2,721	3.624
10p ordinary	Sale	3,255	3.624
10p ordinary	Sale	4,026	3.624
10p ordinary	Sale	6,830	3.624
10p ordinary	Sale	20	3.624
10p ordinary	Sale	166	3.624
10p ordinary	Sale	531	3.624
10p ordinary	Sale	665	3.624
10p ordinary	Sale	1,268	3.624
10p ordinary	Sale	2,081	3.624
10p ordinary	Sale	42	3.672
10p ordinary	Sale	93	3.622
10p ordinary	Sale	93	3.622
10p ordinary	Sale	99	3.624
10p ordinary	Sale	130	3.644
10p ordinary	Sale	173	3.644
10p ordinary	Sale	202	3.618
10p ordinary	Sale	224	3.626
10p ordinary	Sale	226	3.678
10p ordinary	Sale	231	3.642
10p ordinary	Sale	243	3.652
10p ordinary	Sale	273	3.678
10p ordinary	Sale	274	3.682
10p ordinary	Sale	281	3.678
10p ordinary	Sale	288	3.644
10p ordinary	Sale	298	3.634
10p ordinary	Sale	305	3.624
10p ordinary	Sale	319	3.672
10p ordinary	Sale	340	3.682
10p ordinary	Sale	375	3.668
10p ordinary	Sale	375	3.674
10p ordinary	Sale	394	3.678
10p ordinary	Sale	400	3.624
10p ordinary	Sale	400	3.624
10p ordinary	Sale	400	3.624
10p ordinary	Sale	420	3.682
10p ordinary	Sale	523	3.624
10p ordinary	Sale	620	3.622
10p ordinary	Sale	763	3.648
10p ordinary	Sale	779	3.67
10p ordinary	Sale	800	3.622
10p ordinary	Sale	807	3.67
10p ordinary	Sale	831	3.648
10p ordinary	Sale	871	3.62
10p ordinary	Sale	919	3.634
10p ordinary	Sale	940	3.68
10p ordinary	Sale	1,083	3.624
10p ordinary	Sale	1,173	3.676
10p ordinary	Sale	1,182	3.65
10p ordinary	Sale	1,184	3.642
10p ordinary	Sale	1,186	3.634
10p ordinary	Sale	1,191	3.612
10p ordinary	Sale	1,208	3.674
10p ordinary	Sale	1,212	3.668
10p ordinary	Sale	1,224	3.672
10p ordinary	Sale	1,292	3.644
10p ordinary	Sale	1,325	3.652
10p ordinary	Sale	1,339	3.68
10p ordinary	Sale	1,347	3.616
10p ordinary	Sale	1,367	3.642
10p ordinary	Sale	1,405	3.618
10p ordinary	Sale	1,581	3.678
10p ordinary	Sale	1,581	3.678
10p ordinary	Sale	1,582	3.676
10p ordinary	Sale	1,583	3.678
10p ordinary	Sale	1,584	3.674
10p ordinary	Sale	1,586	3.668
10p ordinary	Sale	1,598	3.634
10p ordinary	Sale	1,600	3.634
10p ordinary	Sale	1,601	3.634
10p ordinary	Sale	1,603	3.622
10p ordinary	Sale	1,603	3.628
10p ordinary	Sale	1,604	3.624
10p ordinary	Sale	1,604	3.626
10p ordinary	Sale	1,605	3.626
10p ordinary	Sale	1,606	3.622
10p ordinary	Sale	1,607	3.618
10p ordinary	Sale	1,607	3.618
10p ordinary	Sale	1,607	3.62
10p ordinary	Sale	1,607	3.62
10p ordinary	Sale	1,608	3.612
10p ordinary	Sale	1,608	3.618
10p ordinary	Sale	1,941	3.644
10p ordinary	Sale	2,155	3.682
10p ordinary	Sale	2,215	3.654
10p ordinary	Sale	2,218	3.65
10p ordinary	Sale	2,284	3.618
10p ordinary	Sale	2,290	3.652
10p ordinary	Sale	2,381	3.62
10p ordinary	Sale	7	3.618

(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	57	3.65
10p ordinary	CFD	Reducing a long position	19	3.634
10p ordinary	CFD	Reducing a long position	109	3.6
10p ordinary	CFD	Reducing a long position	7	3.618

(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:	10/05/2024
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