Form 8.3 - Smith (DS) Plc

Jefferies International Limited.

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:	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	15th May 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:	12,279,567	0.890
(2) Cash-settled derivatives:	34,972	0.003	12,014,539	0.871
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	12,314,539	0.893	12,014,539	0.871

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	73 141 991 688 14,970 1,094 357 700 4,437 4,013 1,563 4,343 4,004 12,854 7,408 4,808 448 8,064 3,984 5,040 9,644 6,078 1,046 2,931 3,781 4,189 2,975 3,626 3,011 4,195 1,061 101,492 776 4,022 692 4,714 63,903 7,723 9,367 17,995 3,351 571,110 7,088 6,644 81,934 11,297 8,464 15,936 11,366 39,050 29,495 55,757 19,816 31,026 7,383 19,007 3,811 6,523 10,612 101,511 108,710 161,032 338 7,746 343 1,534 983 210 10,317 3,300 6,278,836 806,147 70,700	367.1000 367.3000 367.6000 367.7000 367.8000 367.9000 368.0000 368.1000 368.2000 368.3000 368.4000 368.5000 368.6000 368.7000 368.8000 368.9000 369.0000 369.1000 369.2000 369.3000 369.4000 369.5000 369.6000 369.7000 369.8000 369.9000 370.0000 370.1000 370.2000 370.3000 370.4000 370.4590 370.5000 370.6000 370.7000 370.8000 370.9000 371.0000 371.1000 371.2000 371.3000 371.3776 371.4000 371.5000 371.6000 371.6599 371.7000 371.8000 371.9000 372.0000 372.1000 372.2000 372.3000 372.4000 372.5000 372.6000 372.7000 372.8000 373.0000 371.2000 371.4000 371.6000 371.5000 371.8000 371.7000 372.2000 372.4000 372.0000 367.8000 369.4000 370.4000 371.2397 372.4756

(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 Swap Swap	Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position Closing a short position	282,391 129,980 22,165 1,245,905 773,754 196,499 162,379 395,997 69,766 1,104,587 37,912 949,602 435,978 178,774 216,338 76,809	370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000 370.4000

(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:	16th 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