Form 8.3 - Smith (DS) plc

Societe Generale SA

14 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	13/05/2024
(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:	16,701,920	1.21	128,354	0.01
(2)  Cash-settled derivatives:	9,485	0.00	280,478	0.02
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	16,711,405	1.21	408,832	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	641	3.638
10p ordinary	Purchase	672	3.638
10p ordinary	Purchase	766	3.638
10p ordinary	Purchase	893	3.624
10p ordinary	Purchase	166	3.636
10p ordinary	Purchase	181	3.634
10p ordinary	Purchase	204	3.64
10p ordinary	Purchase	261	3.636
10p ordinary	Purchase	372	3.636
10p ordinary	Purchase	383	3.626
10p ordinary	Purchase	599	3.64
10p ordinary	Purchase	613	3.634
10p ordinary	Purchase	793	3.64
10p ordinary	Purchase	799	3.636
10p ordinary	Purchase	803	3.626
10p ordinary	Purchase	1,156	3.636
10p ordinary	Purchase	1,165	3.692
10p ordinary	Purchase	1,170	3.674
10p ordinary	Purchase	1,176	3.658
10p ordinary	Purchase	1,181	3.64
10p ordinary	Purchase	1,181	3.642
10p ordinary	Purchase	1,187	3.624
10p ordinary	Purchase	1,237	3.65
10p ordinary	Purchase	1,321	3.638
10p ordinary	Purchase	1,410	3.63
10p ordinary	Purchase	1,595	3.642
10p ordinary	Purchase	1,597	3.638
10p ordinary	Purchase	2,288	3.684
10p ordinary	Purchase	2,318	3.684
10p ordinary	Purchase	2,319	3.676
10p ordinary	Purchase	2,325	3.636
10p ordinary	Purchase	15,303	3.63
10p ordinary	Purchase	634	3.668
10p ordinary	Purchase	3,234	3.668
10p ordinary	Purchase	5,129	3.668
10p ordinary	Purchase	5,129	3.668
10p ordinary	Purchase	5,129	3.668
10p ordinary	Purchase	11,906	3.668
10p ordinary	Purchase	623	3.66794
10p ordinary	Sale	295	3.688
10p ordinary	Sale	58	3.69
10p ordinary	Sale	623	3.668
10p ordinary	Sale	10	3.67
10p ordinary	Sale	1	3.668
10p ordinary	Sale	634	3.668
10p ordinary	Sale	1,264	3.668
10p ordinary	Sale	1,290	3.668
10p ordinary	Sale	1,301	3.668
10p ordinary	Sale	1,527	3.668
10p ordinary	Sale	1,895	3.668
10p ordinary	Sale	2,564	3.668
10p ordinary	Sale	2,565	3.668
10p ordinary	Sale	3,234	3.668
10p ordinary	Sale	3,602	3.668
10p ordinary	Sale	3,839	3.668
10p ordinary	Sale	4,495	3.668
10p ordinary	Sale	5,129	3.668
10p ordinary	Sale	5,129	3.668
10p ordinary	Sale	5,129	3.668
10p ordinary	Sale	1,038	3.654
10p ordinary	Sale	4	3.674
10p ordinary	Sale	4	3.702
10p ordinary	Sale	120	3.702
10p ordinary	Sale	441	3.614
10p ordinary	Sale	618	3.674
10p ordinary	Sale	673	3.612
10p ordinary	Sale	860	3.614
10p ordinary	Sale	1,234	3.666
10p ordinary	Sale	1,349	3.674
10p ordinary	Sale	1,356	3.622
10p ordinary	Sale	1,392	3.676
10p ordinary	Sale	1,761	3.666
10p ordinary	Sale	1,812	3.702
10p ordinary	Sale	1,933	3.634
10p ordinary	Sale	2,221	3.674
10p ordinary	Sale	1	3.682
10p ordinary	Sale	2	3.688
10p ordinary	Sale	4	3.694
10p ordinary	Sale	6	3.664
10p ordinary	Sale	17	3.696
10p ordinary	Sale	27	3.694
10p ordinary	Sale	34	3.694
10p ordinary	Sale	34	3.694
10p ordinary	Sale	69	3.698
10p ordinary	Sale	73	3.688
10p ordinary	Sale	73	3.694
10p ordinary	Sale	76	3.648
10p ordinary	Sale	79	3.678
10p ordinary	Sale	84	3.664
10p ordinary	Sale	88	3.69
10p ordinary	Sale	95	3.67
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.678
10p ordinary	Sale	100	3.68
10p ordinary	Sale	100	3.682
10p ordinary	Sale	100	3.682
10p ordinary	Sale	100	3.682
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.688
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.692
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.694
10p ordinary	Sale	100	3.696
10p ordinary	Sale	100	3.698
10p ordinary	Sale	160	3.67
10p ordinary	Sale	173	3.694
10p ordinary	Sale	183	3.696
10p ordinary	Sale	191	3.68
10p ordinary	Sale	200	3.678
10p ordinary	Sale	200	3.678
10p ordinary	Sale	200	3.678
10p ordinary	Sale	200	3.678
10p ordinary	Sale	200	3.678
10p ordinary	Sale	200	3.678
10p ordinary	Sale	200	3.678
10p ordinary	Sale	200	3.678
10p ordinary	Sale	200	3.682
10p ordinary	Sale	200	3.682
10p ordinary	Sale	200	3.688
10p ordinary	Sale	200	3.688
10p ordinary	Sale	200	3.688
10p ordinary	Sale	200	3.692
10p ordinary	Sale	200	3.692
10p ordinary	Sale	200	3.692
10p ordinary	Sale	200	3.694
10p ordinary	Sale	200	3.694
10p ordinary	Sale	200	3.694
10p ordinary	Sale	200	3.694
10p ordinary	Sale	200	3.696
10p ordinary	Sale	203	3.688
10p ordinary	Sale	203	3.694
10p ordinary	Sale	261	3.692
10p ordinary	Sale	274	3.67
10p ordinary	Sale	276	3.69
10p ordinary	Sale	286	3.69
10p ordinary	Sale	294	3.664
10p ordinary	Sale	300	3.648
10p ordinary	Sale	300	3.648
10p ordinary	Sale	300	3.648
10p ordinary	Sale	300	3.648
10p ordinary	Sale	300	3.648
10p ordinary	Sale	300	3.664
10p ordinary	Sale	300	3.664
10p ordinary	Sale	300	3.664
10p ordinary	Sale	300	3.664
10p ordinary	Sale	300	3.67
10p ordinary	Sale	300	3.67
10p ordinary	Sale	300	3.69
10p ordinary	Sale	300	3.69
10p ordinary	Sale	300	3.69
10p ordinary	Sale	300	3.69
10p ordinary	Sale	384	3.698
10p ordinary	Sale	387	3.654
10p ordinary	Sale	428	3.68
10p ordinary	Sale	455	3.67
10p ordinary	Sale	461	3.624
10p ordinary	Sale	505	3.694
10p ordinary	Sale	568	3.672
10p ordinary	Sale	615	3.674
10p ordinary	Sale	698	3.656
10p ordinary	Sale	700	3.638
10p ordinary	Sale	700	3.694
10p ordinary	Sale	700	3.694
10p ordinary	Sale	750	3.622
10p ordinary	Sale	865	3.674
10p ordinary	Sale	914	3.622
10p ordinary	Sale	914	3.622
10p ordinary	Sale	914	3.624
10p ordinary	Sale	914	3.692
10p ordinary	Sale	950	3.654
10p ordinary	Sale	965	3.688
10p ordinary	Sale	1,000	3.656
10p ordinary	Sale	1,067	3.694
10p ordinary	Sale	1,100	3.638
10p ordinary	Sale	1,123	3.648
10p ordinary	Sale	1,150	3.68
10p ordinary	Sale	1,152	3.674
10p ordinary	Sale	1,176	3.666
10p ordinary	Sale	1,186	3.698
10p ordinary	Sale	1,187	3.63
10p ordinary	Sale	1,188	3.626
10p ordinary	Sale	1,190	3.62
10p ordinary	Sale	1,190	3.622
10p ordinary	Sale	1,287	3.68
10p ordinary	Sale	1,298	3.69
10p ordinary	Sale	1,370	3.694
10p ordinary	Sale	1,530	3.678
10p ordinary	Sale	1,580	3.674
10p ordinary	Sale	1,584	3.67
10p ordinary	Sale	1,584	3.672
10p ordinary	Sale	1,603	3.622
10p ordinary	Sale	1,606	3.616
10p ordinary	Sale	1,607	3.614
10p ordinary	Sale	1,607	3.618
10p ordinary	Sale	1,624	3.63
10p ordinary	Sale	2,029	3.672
10p ordinary	Sale	2,127	3.652
10p ordinary	Sale	2,129	3.616
10p ordinary	Sale	2,253	3.65
10p ordinary	Sale	2,282	3.672
10p ordinary	Sale	2,330	3.66
10p ordinary	Sale	2,843	3.666
10p ordinary	Sale	2,924	3.62
10p ordinary	Sale	3,520	3.62
10p ordinary	Sale	3,636	3.674
10p ordinary	Sale	4,243	3.668
10p ordinary	Sale	12,036	3.668
10p ordinary	Sale	6,158	3.66818

(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 long position	295	3.688
10p ordinary	CFD	Increasing a long position	58	3.69
10p ordinary	CFD	Increasing a long position	623	3.668
10p ordinary	CFD	Increasing a long position	10	3.67

(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:	14/05/2024
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