Form 8.3 - Smith (DS) Plc

Jefferies International Limited.
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:

Jefferies International Limited

(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

25th April 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"

 

N/A

 

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:

14,413,857

1.045

 

 

 

(2) Cash-settled derivatives:

 

34,972

0.003

14,198,829

 

1.029

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

 

 

 

 

 

     TOTAL:

14,448,829

1.048

14,198,829

 

1.029

 

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 (GBX)

10p ordinary

Purchase

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sale

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

50,000

50,000

18,543

2,926

28,531

65,000

286,145

24,841

3,028

28,367

43,764

1,812,122

72,346

380

2,943

58,302

4,485,438

14,322

 

100,000

520

14,332

28,428

7,209

9,331

3,770

9,908

3,035

1,560

389

778

8,271

2,524

391

1,169

7,047

7,634

347

11,617

9,445

15,176

2,381

38,968

5,324

41,017

3,442

37,248

865

6,821

382

5,816

1,140

6,807

300,000

13,822

2,432

9,499

5,388

2,212

1,520

380

6,236

380

58,682

15,157

1,579

6,863

950

909

71

1,051

1,289

691

1,128

1,649

1,158

954

330.0000

330.2000

330.6000

330.7000

330.8000

333.6300

338.3282

339.1000

339.2000

339.3000

339.4000

340.0000

341.5230

341.8000

342.1142

342.2000

343.0032

343.0465

 

330.9007

331.8000

332.2000

332.4000

332.6000

332.8000

332.9000

333.0000

333.2000

333.4000

333.6000

333.7000

333.8000

334.0000

334.1000

334.2000

334.4000

334.6000

334.7000

334.8000

337.0000

338.8000

338.9000

339.0000

339.1000

339.2000

339.3000

339.4000

339.5000

339.6000

339.7000

339.8000

339.9000

340.0000

340.0213

340.2000

340.3000

340.4000

340.8000

341.2000

341.6000

341.8000

342.0000

342.1000

342.1974

342.2000

342.3000

342.4000

342.5000

342.6000

342.7000

342.8000

342.9000

343.0000

343.4000

343.8000

344.6000

345.2000

 

(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

(GBX)

10p ordinary

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Swap

Reducing a short position

Reducing a short position

Reducing a short position

Reducing a short position

Increasing a short position

Increasing a short position

Increasing a short position

Increasing a short position

Increasing a short position

Increasing a short position

57,318

42,682

150,000

150,000

862,520

949,602

37,912

34,434

2,350,492

2,134,946

330.9007

330.9007

340.0213

340.0213

340.0000

340.0000

341.5230

341.5230

343.0031

343.0031

 

 

(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:

14th May 2024

Contact name:

Robin Greenwood

Telephone number

020 7029 8595

 

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 +44 (0)20 7638 0129.

 

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END
 
 

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