Form 8.3 - Smith (DS) plc

Societe Generale SA

13 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	10/05/2024
(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:	16,729,945	1.21	64,086	0.00
(2)  Cash-settled derivatives:	8,499	0.00	280,478	0.02
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	16,738,444	1.21	344,564	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	52	3.63
10p ordinary	Purchase	31	3.622
10p ordinary	Purchase	2	3.624
10p ordinary	Purchase	10	3.628
10p ordinary	Purchase	10	3.64
10p ordinary	Purchase	1,026	3.63
10p ordinary	Purchase	1,026	3.63
10p ordinary	Purchase	1,026	3.63
10p ordinary	Purchase	1,026	3.63
10p ordinary	Purchase	1,026	3.63
10p ordinary	Purchase	1,026	3.63
10p ordinary	Purchase	2,565	3.63
10p ordinary	Purchase	2,565	3.63
10p ordinary	Purchase	5,129	3.63
10p ordinary	Purchase	533	3.582
10p ordinary	Purchase	618	3.63
10p ordinary	Purchase	753	3.582
10p ordinary	Purchase	1,045	3.63
10p ordinary	Purchase	300	3.622
10p ordinary	Purchase	300	3.622
10p ordinary	Purchase	300	3.622
10p ordinary	Purchase	1,182	3.638
10p ordinary	Purchase	1,184	3.634
10p ordinary	Purchase	1,191	3.61
10p ordinary	Purchase	1,191	3.612
10p ordinary	Purchase	1,192	3.61
10p ordinary	Purchase	1,193	3.606
10p ordinary	Purchase	1,193	3.608
10p ordinary	Purchase	1,194	3.602
10p ordinary	Purchase	1,195	3.6
10p ordinary	Purchase	1,198	3.59
10p ordinary	Purchase	1,199	3.588
10p ordinary	Purchase	1,473	3.622
10p ordinary	Purchase	2,160	3.622
10p ordinary	Purchase	2,163	3.632
10p ordinary	Purchase	2,201	3.63
10p ordinary	Purchase	2,231	3.604
10p ordinary	Purchase	2,279	3.626
10p ordinary	Purchase	2,343	3.606
10p ordinary	Purchase	2,351	3.624
10p ordinary	Purchase	19,058	3.622
10p ordinary	Purchase	23,029	3.622
10p ordinary	Purchase	23,029	3.622
10p ordinary	Purchase	8	3.63
10p ordinary	Purchase	41	3.63
10p ordinary	Purchase	47	3.63
10p ordinary	Purchase	113	3.63
10p ordinary	Purchase	531	3.63
10p ordinary	Purchase	1,386	3.63
10p ordinary	Purchase	1,600	3.63
10p ordinary	Purchase	1,734	3.63
10p ordinary	Purchase	2,250	3.63
10p ordinary	Purchase	3,115	3.63
10p ordinary	Purchase	3,264	3.63
10p ordinary	Purchase	5,899	3.63
10p ordinary	Purchase	11,186	3.63
10p ordinary	Purchase	13,142	3.63
10p ordinary	Purchase	17,501	3.63
10p ordinary	Purchase	22,240	3.63
10p ordinary	Purchase	1,001	3.6
10p ordinary	Purchase	1,320	3.578
10p ordinary	Purchase	977	3.608
10p ordinary	Purchase	313	3.592
10p ordinary	Purchase	88	3.59
10p ordinary	Purchase	83	3.628
10p ordinary	Purchase	1,001	3.59
10p ordinary	Purchase	15	3.592
10p ordinary	Purchase	977	3.604
10p ordinary	Purchase	34	3.592
10p ordinary	Purchase	977	3.614
10p ordinary	Purchase	977	3.598
10p ordinary	Purchase	977	3.6
10p ordinary	Sale	317	3.638
10p ordinary	Sale	700	3.624
10p ordinary	Sale	843	3.606
10p ordinary	Sale	956	3.606
10p ordinary	Sale	1,205	3.624
10p ordinary	Sale	1,409	3.638
10p ordinary	Sale	1,411	3.63
10p ordinary	Sale	1,412	3.628
10p ordinary	Sale	1,415	3.622
10p ordinary	Sale	1,832	3.59
10p ordinary	Sale	2,148	3.608
10p ordinary	Sale	3,123	3.606
10p ordinary	Sale	35	3.63
10p ordinary	Sale	60	3.63
10p ordinary	Sale	83	3.628
10p ordinary	Sale	91	3.628
10p ordinary	Sale	98	3.628
10p ordinary	Sale	215	3.628
10p ordinary	Sale	235	3.628
10p ordinary	Sale	241	3.628
10p ordinary	Sale	259	3.628
10p ordinary	Sale	338	3.628
10p ordinary	Sale	356	3.628
10p ordinary	Sale	362	3.628
10p ordinary	Sale	376	3.628
10p ordinary	Sale	400	3.624
10p ordinary	Sale	415	3.624
10p ordinary	Sale	497	3.576
10p ordinary	Sale	497	3.588
10p ordinary	Sale	510	3.632
10p ordinary	Sale	537	3.632
10p ordinary	Sale	552	3.576
10p ordinary	Sale	569	3.628
10p ordinary	Sale	586	3.576
10p ordinary	Sale	596	3.628
10p ordinary	Sale	597	3.59
10p ordinary	Sale	600	3.59
10p ordinary	Sale	624	3.628
10p ordinary	Sale	645	3.624
10p ordinary	Sale	661	3.63
10p ordinary	Sale	719	3.628
10p ordinary	Sale	761	3.628
10p ordinary	Sale	762	3.626
10p ordinary	Sale	812	3.588
10p ordinary	Sale	830	3.596
10p ordinary	Sale	932	3.576
10p ordinary	Sale	938	3.628
10p ordinary	Sale	960	3.626
10p ordinary	Sale	981	3.582
10p ordinary	Sale	1,000	3.624
10p ordinary	Sale	1,005	3.606
10p ordinary	Sale	1,022	3.602
10p ordinary	Sale	1,097	3.628
10p ordinary	Sale	1,356	3.59
10p ordinary	Sale	1,356	3.604
10p ordinary	Sale	1,356	3.624
10p ordinary	Sale	1,369	3.598
10p ordinary	Sale	1,400	3.628
10p ordinary	Sale	1,413	3.624
10p ordinary	Sale	1,471	3.626
10p ordinary	Sale	1,513	3.598
10p ordinary	Sale	1,660	3.628
10p ordinary	Sale	2,815	3.59
10p ordinary	Sale	2,833	3.628
10p ordinary	Sale	3,147	3.628
10p ordinary	Sale	47	3.628
10p ordinary	Sale	48	3.628
10p ordinary	Sale	48	3.628
10p ordinary	Sale	123	3.628
10p ordinary	Sale	423	3.628
10p ordinary	Sale	501	3.628
10p ordinary	Sale	749	3.586
10p ordinary	Sale	902	3.612
10p ordinary	Sale	940	3.63
10p ordinary	Sale	1,025	3.606
10p ordinary	Sale	1,051	3.638
10p ordinary	Sale	1,195	3.628
10p ordinary	Sale	1,355	3.628
10p ordinary	Sale	2,111	3.628
10p ordinary	Sale	10	3.624
10p ordinary	Sale	10	3.626
10p ordinary	Sale	10	3.626
10p ordinary	Sale	10	3.626
10p ordinary	Sale	36	3.622
10p ordinary	Sale	57	3.616
10p ordinary	Sale	62	3.602
10p ordinary	Sale	64	3.588
10p ordinary	Sale	70	3.588
10p ordinary	Sale	80	3.578
10p ordinary	Sale	85	3.628
10p ordinary	Sale	92	3.63
10p ordinary	Sale	95	3.622
10p ordinary	Sale	120	3.588
10p ordinary	Sale	133	3.588
10p ordinary	Sale	135	3.604
10p ordinary	Sale	162	3.576
10p ordinary	Sale	163	3.586
10p ordinary	Sale	168	3.588
10p ordinary	Sale	200	3.586
10p ordinary	Sale	209	3.588
10p ordinary	Sale	227	3.582
10p ordinary	Sale	243	3.576
10p ordinary	Sale	294	3.576
10p ordinary	Sale	343	3.586
10p ordinary	Sale	350	3.6
10p ordinary	Sale	357	3.624
10p ordinary	Sale	363	3.588
10p ordinary	Sale	387	3.588
10p ordinary	Sale	395	3.608
10p ordinary	Sale	405	3.624
10p ordinary	Sale	413	3.61
10p ordinary	Sale	443	3.608
10p ordinary	Sale	447	3.592
10p ordinary	Sale	448	3.592
10p ordinary	Sale	463	3.6
10p ordinary	Sale	471	3.592
10p ordinary	Sale	486	3.592
10p ordinary	Sale	492	3.602
10p ordinary	Sale	531	3.628
10p ordinary	Sale	541	3.624
10p ordinary	Sale	561	3.628
10p ordinary	Sale	598	3.586
10p ordinary	Sale	598	3.61
10p ordinary	Sale	598	3.61
10p ordinary	Sale	604	3.576
10p ordinary	Sale	637	3.628
10p ordinary	Sale	653	3.6
10p ordinary	Sale	731	3.6
10p ordinary	Sale	732	3.608
10p ordinary	Sale	773	3.576
10p ordinary	Sale	779	3.608
10p ordinary	Sale	799	3.628
10p ordinary	Sale	808	3.608
10p ordinary	Sale	829	3.602
10p ordinary	Sale	855	3.628
10p ordinary	Sale	959	3.606
10p ordinary	Sale	961	3.6
10p ordinary	Sale	972	3.624
10p ordinary	Sale	1,019	3.608
10p ordinary	Sale	1,032	3.586
10p ordinary	Sale	1,032	3.628
10p ordinary	Sale	1,053	3.602
10p ordinary	Sale	1,068	3.602
10p ordinary	Sale	1,100	3.628
10p ordinary	Sale	1,113	3.602
10p ordinary	Sale	1,131	3.592
10p ordinary	Sale	1,146	3.592
10p ordinary	Sale	1,151	3.6
10p ordinary	Sale	1,159	3.626
10p ordinary	Sale	1,188	3.626
10p ordinary	Sale	1,194	3.61
10p ordinary	Sale	1,197	3.596
10p ordinary	Sale	1,197	3.6
10p ordinary	Sale	1,198	3.596
10p ordinary	Sale	1,198	3.598
10p ordinary	Sale	1,198	3.602
10p ordinary	Sale	1,199	3.598
10p ordinary	Sale	1,199	3.6
10p ordinary	Sale	1,201	3.59
10p ordinary	Sale	1,201	3.622
10p ordinary	Sale	1,220	3.628
10p ordinary	Sale	1,264	3.6
10p ordinary	Sale	1,329	3.592
10p ordinary	Sale	1,361	3.628
10p ordinary	Sale	1,395	3.582
10p ordinary	Sale	1,403	3.588
10p ordinary	Sale	1,415	3.628
10p ordinary	Sale	1,488	3.628
10p ordinary	Sale	1,535	3.624
10p ordinary	Sale	1,542	3.636
10p ordinary	Sale	1,551	3.602
10p ordinary	Sale	1,551	3.616
10p ordinary	Sale	1,598	3.638
10p ordinary	Sale	1,601	3.63
10p ordinary	Sale	1,602	3.626
10p ordinary	Sale	1,607	3.61
10p ordinary	Sale	1,607	3.618
10p ordinary	Sale	1,609	3.61
10p ordinary	Sale	1,609	3.61
10p ordinary	Sale	1,609	3.612
10p ordinary	Sale	1,610	3.608
10p ordinary	Sale	1,610	3.608
10p ordinary	Sale	1,610	3.61
10p ordinary	Sale	1,611	3.604
10p ordinary	Sale	1,611	3.606
10p ordinary	Sale	1,611	3.606
10p ordinary	Sale	1,611	3.608
10p ordinary	Sale	1,611	3.608
10p ordinary	Sale	1,611	3.608
10p ordinary	Sale	1,611	3.61
10p ordinary	Sale	1,612	3.606
10p ordinary	Sale	1,613	3.6
10p ordinary	Sale	1,613	3.612
10p ordinary	Sale	1,614	3.598
10p ordinary	Sale	1,614	3.6
10p ordinary	Sale	1,615	3.598
10p ordinary	Sale	1,615	3.6
10p ordinary	Sale	1,616	3.596
10p ordinary	Sale	1,617	3.592
10p ordinary	Sale	1,617	3.594
10p ordinary	Sale	1,618	3.59
10p ordinary	Sale	1,618	3.59
10p ordinary	Sale	1,618	3.592
10p ordinary	Sale	1,619	3.588
10p ordinary	Sale	1,619	3.59
10p ordinary	Sale	1,619	3.59
10p ordinary	Sale	1,622	3.58
10p ordinary	Sale	1,623	3.578
10p ordinary	Sale	1,734	3.59
10p ordinary	Sale	1,734	3.596
10p ordinary	Sale	1,734	3.598
10p ordinary	Sale	1,756	3.602
10p ordinary	Sale	1,867	3.602
10p ordinary	Sale	1,925	3.604
10p ordinary	Sale	2,043	3.586
10p ordinary	Sale	2,060	3.606
10p ordinary	Sale	2,060	3.608
10p ordinary	Sale	2,072	3.59
10p ordinary	Sale	2,072	3.6
10p ordinary	Sale	2,084	3.59
10p ordinary	Sale	2,085	3.588
10p ordinary	Sale	2,143	3.63
10p ordinary	Sale	2,161	3.602
10p ordinary	Sale	2,167	3.608
10p ordinary	Sale	2,212	3.604
10p ordinary	Sale	2,250	3.626
10p ordinary	Sale	2,315	3.624
10p ordinary	Sale	2,358	3.63
10p ordinary	Sale	2,365	3.63
10p ordinary	Sale	2,365	3.63
10p ordinary	Sale	2,472	3.644
10p ordinary	Sale	2,625	3.628
10p ordinary	Sale	4,291	3.588
10p ordinary	Sale	7,508	3.63
10p ordinary	Sale	13,934	3.63
10p ordinary	Sale	16,806	3.63
10p ordinary	Sale	15	3.592
10p ordinary	Sale	1,320	3.578
10p ordinary	Sale	88	3.59

(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	52	3.63
10p ordinary	CFD	Reducing a long position	31	3.622
10p ordinary	CFD	Reducing a long position	2	3.624
10p ordinary	CFD	Reducing a long position	10	3.628
10p ordinary	CFD	Reducing a long position	10	3.64

(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:	13/05/2024
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