Form 8.3 - Smith (DS) plc

Societe Generale SA

16 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	15/05/2024
(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:	16,790,644	1.22	2,889	0.00
(2)  Cash-settled derivatives:	5,574	0.00	280,478	0.02
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	16,796,218	1.22	283,367	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	62	3.688
10p ordinary	Purchase	116	3.682
10p ordinary	Purchase	116	3.688
10p ordinary	Purchase	63	3.686
10p ordinary	Purchase	63	3.688
10p ordinary	Purchase	63	3.698
10p ordinary	Purchase	16	3.684
10p ordinary	Purchase	172	3.698
10p ordinary	Purchase	62	3.692
10p ordinary	Purchase	69	3.678
10p ordinary	Purchase	36	3.678
10p ordinary	Purchase	63	3.686
10p ordinary	Purchase	63	3.684
10p ordinary	Purchase	376	3.682
10p ordinary	Purchase	116	3.686
10p ordinary	Purchase	2,071	3.678
10p ordinary	Purchase	62	3.69
10p ordinary	Purchase	62	3.69
10p ordinary	Purchase	116	3.694
10p ordinary	Purchase	128	3.686
10p ordinary	Purchase	62	3.688
10p ordinary	Purchase	47	3.684
10p ordinary	Purchase	116	3.684
10p ordinary	Purchase	63	3.686
10p ordinary	Purchase	51,293	3.724
10p ordinary	Purchase	25,646	3.724
10p ordinary	Purchase	1,282	3.678
10p ordinary	Purchase	1,282	3.678
10p ordinary	Purchase	5,129	3.678
10p ordinary	Purchase	5,129	3.678
10p ordinary	Purchase	5,129	3.678
10p ordinary	Purchase	5,129	3.678
10p ordinary	Purchase	770	3.722
10p ordinary	Purchase	772	3.69
10p ordinary	Purchase	1,356	3.676
10p ordinary	Purchase	1,356	3.69
10p ordinary	Purchase	750	3.676
10p ordinary	Purchase	3,195	3.682
10p ordinary	Purchase	19	3.676
10p ordinary	Purchase	19	3.676
10p ordinary	Purchase	20	3.68
10p ordinary	Purchase	25	3.69
10p ordinary	Purchase	34	3.686
10p ordinary	Purchase	38	3.68
10p ordinary	Purchase	42	3.672
10p ordinary	Purchase	52	3.69
10p ordinary	Purchase	62	3.68
10p ordinary	Purchase	81	3.676
10p ordinary	Purchase	81	3.676
10p ordinary	Purchase	100	3.68
10p ordinary	Purchase	167	3.676
10p ordinary	Purchase	200	3.672
10p ordinary	Purchase	200	3.672
10p ordinary	Purchase	200	3.676
10p ordinary	Purchase	200	3.68
10p ordinary	Purchase	262	3.68
10p ordinary	Purchase	269	3.672
10p ordinary	Purchase	284	3.69
10p ordinary	Purchase	286	3.72
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.672
10p ordinary	Purchase	300	3.674
10p ordinary	Purchase	300	3.69
10p ordinary	Purchase	300	3.69
10p ordinary	Purchase	336	3.678
10p ordinary	Purchase	368	3.672
10p ordinary	Purchase	423	3.716
10p ordinary	Purchase	500	3.672
10p ordinary	Purchase	500	3.69
10p ordinary	Purchase	600	3.676
10p ordinary	Purchase	651	3.678
10p ordinary	Purchase	700	3.69
10p ordinary	Purchase	831	3.678
10p ordinary	Purchase	869	3.674
10p ordinary	Purchase	1,136	3.716
10p ordinary	Purchase	1,153	3.72
10p ordinary	Purchase	1,155	3.72
10p ordinary	Purchase	1,156	3.714
10p ordinary	Purchase	1,157	3.71
10p ordinary	Purchase	1,164	3.69
10p ordinary	Purchase	1,540	3.678
10p ordinary	Purchase	1,562	3.71
10p ordinary	Purchase	1,782	3.72
10p ordinary	Purchase	2,064	3.7
10p ordinary	Purchase	2,108	3.7
10p ordinary	Purchase	834	3.678
10p ordinary	Purchase	1,781	3.678
10p ordinary	Purchase	2,434	3.678
10p ordinary	Purchase	2,845	3.678
10p ordinary	Purchase	3,395	3.678
10p ordinary	Purchase	4,172	3.678
10p ordinary	Purchase	7,395	3.678
10p ordinary	Purchase	38,951	3.678
10p ordinary	Purchase	39,657	3.678
10p ordinary	Sale	2,565	3.678
10p ordinary	Sale	2,460	3.692
10p ordinary	Sale	42	3.714
10p ordinary	Sale	384	3.698
10p ordinary	Sale	594	3.68
10p ordinary	Sale	637	3.698
10p ordinary	Sale	775	3.694
10p ordinary	Sale	846	3.694
10p ordinary	Sale	966	3.706
10p ordinary	Sale	1,014	3.696
10p ordinary	Sale	1,062	3.702
10p ordinary	Sale	202	3.71
10p ordinary	Sale	275	3.684
10p ordinary	Sale	367	3.678
10p ordinary	Sale	578	3.698
10p ordinary	Sale	883	3.696
10p ordinary	Sale	1,000	3.71
10p ordinary	Sale	1,089	3.684
10p ordinary	Sale	1,094	3.722
10p ordinary	Sale	1,158	3.712
10p ordinary	Sale	1,164	3.694
10p ordinary	Sale	1,165	3.692
10p ordinary	Sale	1,299	3.684
10p ordinary	Sale	1,572	3.686
10p ordinary	Sale	1,572	3.688
10p ordinary	Sale	1,572	3.692
10p ordinary	Sale	1,574	3.684
10p ordinary	Sale	1,575	3.682
10p ordinary	Sale	1,576	3.68
10p ordinary	Sale	1,788	3.694
10p ordinary	Sale	1,999	3.708
10p ordinary	Sale	2,088	3.684
10p ordinary	Sale	2,108	3.696
10p ordinary	Sale	2,153	3.694
10p ordinary	Sale	36	3.678
10p ordinary	Sale	479	3.706
10p ordinary	Sale	2,140	3.67818

(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	62	3.688
10p ordinary	CFD	Reducing a long position	116	3.682
10p ordinary	CFD	Reducing a long position	116	3.688
10p ordinary	CFD	Reducing a long position	63	3.686
10p ordinary	CFD	Reducing a long position	63	3.688
10p ordinary	CFD	Reducing a long position	63	3.698
10p ordinary	CFD	Reducing a long position	16	3.684
10p ordinary	CFD	Reducing a long position	172	3.698
10p ordinary	CFD	Reducing a long position	62	3.692
10p ordinary	CFD	Reducing a long position	69	3.678
10p ordinary	CFD	Reducing a long position	36	3.678
10p ordinary	CFD	Reducing a long position	63	3.686
10p ordinary	CFD	Reducing a long position	63	3.684
10p ordinary	CFD	Reducing a long position	376	3.682
10p ordinary	CFD	Reducing a long position	116	3.686
10p ordinary	CFD	Reducing a long position	2,071	3.678
10p ordinary	CFD	Reducing a long position	62	3.69
10p ordinary	CFD	Reducing a long position	62	3.69
10p ordinary	CFD	Reducing a long position	116	3.694
10p ordinary	CFD	Reducing a long position	128	3.686
10p ordinary	CFD	Reducing a long position	62	3.688
10p ordinary	CFD	Reducing a long position	47	3.684
10p ordinary	CFD	Reducing a long position	116	3.684
10p ordinary	CFD	Reducing a long position	63	3.686

(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:	16/05/2024
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