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 [phone].

*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.

 

END