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	26th 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:	15,723,228	1.140
(2) Cash-settled derivatives:	34,972	0.003	15,458,200	1.121
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	15,758,200	1.142	15,458,200	1.121

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	965 5,092 5,745 13,640 727 25,000 4 7,325 2,620 2,620 3,930 1,310 1,310 3,930 13,100 2,620 29,149 7,531 1,310 6,550 7,236 70,921 23,279 35,987 557,516 182,880 6,772 7,859 8,918 82,164 53,553 9,169 37,636 25,159 58,354 59,254 13,426 795,803 25,616 10,207 10,923 10,480 2,562 7,860 32,573 3,851 23,836 2,620 1,310 248,036 42,298 219,402 94,441 1,169 4,166 1,148 1,989 26 2,243 746 62,256 1,776 143,803 750,000	336.5000 336.6000 336.8000 337.0000 337.1000 337.3000 337.3578 337.5421 337.7000 337.9000 338.3000 338.4000 338.5000 338.6000 338.7000 338.8000 338.9000 339.1000 339.2000 339.3000 339.6000 339.7000 339.8000 339.9000 340.0000 340.0932 340.1000 340.2000 340.3000 340.4000 340.5000 340.6000 340.7000 340.8000 340.9000 341.0000 341.2000 341.2728 341.3000 341.4000 341.5000 341.6000 341.7000 341.8000 341.9000 342.0000 342.1000 342.2000 342.3000 345.0806 347.9626 331.1466 332.4335 337.1042 337.4000 337.6000 337.8000 338.0000 340.0508 340.0509 340.0510 340.0512 340.3541 340.6930

(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 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 Increasing a short position Increasing a short position Increasing a short position Increasing a short position	35,396 19,006 165,000 94,441 159,408 144,789 95,835 87,045 417,023 378,780 129,980 118,056 20,133 22,165	331.1466 331.1466 331.1466 332.4335 340.0000 340.0000 340.0932 340.0932 341.2728 341.2728 345.0806 345.0806 347.9626 347.9626

(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