Form 8.3 - Smith (DS) plc

Societe Generale SA

29 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	28/05/2024
(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:	14,596,112	1.06	158,882	0.01
(2)  Cash-settled derivatives:	5,205	0.00	450,522	0.03
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	14,601,317	1.06	609,404	0.04

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	4,958	3.744
10p ordinary	Purchase	70	3.706
10p ordinary	Purchase	25	3.706
10p ordinary	Purchase	1	3.74
10p ordinary	Purchase	1	3.7
10p ordinary	Purchase	1	3.696
10p ordinary	Purchase	4	3.76
10p ordinary	Purchase	1	3.702
10p ordinary	Purchase	1	3.706
10p ordinary	Purchase	5	3.758
10p ordinary	Purchase	4	3.76
10p ordinary	Purchase	25	3.736
10p ordinary	Purchase	35	3.716
10p ordinary	Purchase	1	3.76
10p ordinary	Purchase	88	3.744
10p ordinary	Purchase	5,105	3.744
10p ordinary	Purchase	5,105	3.744
10p ordinary	Purchase	636	3.738
10p ordinary	Purchase	925	3.738
10p ordinary	Purchase	1,053	3.738
10p ordinary	Purchase	3,226	3.736
10p ordinary	Purchase	7	3.738
10p ordinary	Purchase	9	3.736
10p ordinary	Purchase	304	3.736
10p ordinary	Purchase	435	3.738
10p ordinary	Purchase	460	3.736
10p ordinary	Purchase	673	3.736
10p ordinary	Purchase	863	3.736
10p ordinary	Purchase	900	3.736
10p ordinary	Purchase	981	3.736
10p ordinary	Purchase	9,323	3.738
10p ordinary	Purchase	2,171	3.738
10p ordinary	Purchase	881	3.704
10p ordinary	Purchase	890	3.704
10p ordinary	Purchase	962	3.736
10p ordinary	Purchase	1,046	3.704
10p ordinary	Purchase	1,192	3.736
10p ordinary	Purchase	1,628	3.704
10p ordinary	Purchase	2,064	3.736
10p ordinary	Purchase	2,103	3.738
10p ordinary	Purchase	2,141	3.74
10p ordinary	Purchase	2,209	3.738
10p ordinary	Purchase	2,238	3.738
10p ordinary	Purchase	2,434	3.71
10p ordinary	Sale	2	3.708
10p ordinary	Sale	3	3.708
10p ordinary	Sale	252	3.708
10p ordinary	Sale	253	3.708
10p ordinary	Sale	256	3.708
10p ordinary	Sale	256	3.708
10p ordinary	Sale	511	3.702
10p ordinary	Sale	1,276	3.744
10p ordinary	Sale	384	3.7
10p ordinary	Sale	934	3.7
10p ordinary	Sale	1,323	3.72
10p ordinary	Sale	1,324	3.718
10p ordinary	Sale	2,586	3.7
10p ordinary	Sale	5	3.7
10p ordinary	Sale	11	3.7
10p ordinary	Sale	16	3.7
10p ordinary	Sale	100	3.7
10p ordinary	Sale	182	3.702
10p ordinary	Sale	194	3.702
10p ordinary	Sale	242	3.702
10p ordinary	Sale	340	3.7
10p ordinary	Sale	413	3.698
10p ordinary	Sale	454	3.73
10p ordinary	Sale	462	3.7
10p ordinary	Sale	462	3.73
10p ordinary	Sale	500	3.698
10p ordinary	Sale	717	3.7
10p ordinary	Sale	729	3.714
10p ordinary	Sale	730	3.698
10p ordinary	Sale	743	3.698
10p ordinary	Sale	747	3.706
10p ordinary	Sale	773	3.7
10p ordinary	Sale	773	3.7
10p ordinary	Sale	998	3.7
10p ordinary	Sale	1,061	3.718
10p ordinary	Sale	1,324	3.718
10p ordinary	Sale	1,356	3.718
10p ordinary	Sale	1,867	3.702
10p ordinary	Sale	2,065	3.702
10p ordinary	Sale	2,297	3.73
10p ordinary	Sale	2,707	3.714
10p ordinary	Sale	3,572	3.7
10p ordinary	Sale	848	3.7
10p ordinary	Sale	882	3.72
10p ordinary	Sale	1,266	3.718
10p ordinary	Sale	8	3.75
10p ordinary	Sale	8	3.75
10p ordinary	Sale	9	3.75
10p ordinary	Sale	18	3.706
10p ordinary	Sale	19	3.736
10p ordinary	Sale	47	3.75
10p ordinary	Sale	51	3.736
10p ordinary	Sale	54	3.704
10p ordinary	Sale	59	3.71
10p ordinary	Sale	59	3.736
10p ordinary	Sale	63	3.708
10p ordinary	Sale	70	3.75
10p ordinary	Sale	73	3.732
10p ordinary	Sale	78	3.704
10p ordinary	Sale	78	3.706
10p ordinary	Sale	78	3.708
10p ordinary	Sale	78	3.736
10p ordinary	Sale	78	3.742
10p ordinary	Sale	78	3.752
10p ordinary	Sale	78	3.752
10p ordinary	Sale	78	3.76
10p ordinary	Sale	79	3.706
10p ordinary	Sale	79	3.708
10p ordinary	Sale	79	3.732
10p ordinary	Sale	91	3.75
10p ordinary	Sale	100	3.704
10p ordinary	Sale	100	3.708
10p ordinary	Sale	100	3.708
10p ordinary	Sale	100	3.736
10p ordinary	Sale	100	3.752
10p ordinary	Sale	100	3.76
10p ordinary	Sale	221	3.752
10p ordinary	Sale	234	3.732
10p ordinary	Sale	235	3.708
10p ordinary	Sale	278	3.708
10p ordinary	Sale	314	3.708
10p ordinary	Sale	357	3.76
10p ordinary	Sale	389	3.708
10p ordinary	Sale	392	3.7
10p ordinary	Sale	408	3.72
10p ordinary	Sale	434	3.71
10p ordinary	Sale	502	3.706
10p ordinary	Sale	528	3.718
10p ordinary	Sale	582	3.708
10p ordinary	Sale	600	3.704
10p ordinary	Sale	600	3.706
10p ordinary	Sale	600	3.708
10p ordinary	Sale	600	3.736
10p ordinary	Sale	600	3.736
10p ordinary	Sale	600	3.75
10p ordinary	Sale	600	3.752
10p ordinary	Sale	600	3.76
10p ordinary	Sale	659	3.704
10p ordinary	Sale	698	3.708
10p ordinary	Sale	700	3.706
10p ordinary	Sale	700	3.75
10p ordinary	Sale	709	3.702
10p ordinary	Sale	738	3.708
10p ordinary	Sale	966	3.72
10p ordinary	Sale	966	3.72
10p ordinary	Sale	966	3.722
10p ordinary	Sale	966	3.722
10p ordinary	Sale	1,144	3.704
10p ordinary	Sale	1,147	3.712
10p ordinary	Sale	1,147	3.716
10p ordinary	Sale	1,148	3.704
10p ordinary	Sale	1,148	3.704
10p ordinary	Sale	1,150	3.7
10p ordinary	Sale	1,534	3.748
10p ordinary	Sale	1,537	3.74
10p ordinary	Sale	1,547	3.71
10p ordinary	Sale	1,548	3.71
10p ordinary	Sale	1,549	3.706
10p ordinary	Sale	1,549	3.706
10p ordinary	Sale	1,549	3.706
10p ordinary	Sale	1,549	3.708
10p ordinary	Sale	1,549	3.712
10p ordinary	Sale	1,549	3.716
10p ordinary	Sale	1,551	3.7
10p ordinary	Sale	1,551	3.708
10p ordinary	Sale	1,551	3.71
10p ordinary	Sale	1,551	3.71
10p ordinary	Sale	1,552	3.7
10p ordinary	Sale	1,552	3.704
10p ordinary	Sale	1,554	3.7
10p ordinary	Sale	1,948	3.702
10p ordinary	Sale	1,982	3.716
10p ordinary	Sale	1,988	3.732
10p ordinary	Sale	2,189	3.712
10p ordinary	Sale	2,280	3.71
10p ordinary	Sale	9	3.75889
10p ordinary	Sale	526	3.744
10p ordinary	Sale	11,249	3.744
10p ordinary	Sale	14,077	3.744
10p ordinary	Sale	17,269	3.744

(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	256	3.726621409
10p ordinary	CFD	Reducing a long position	6	3.718262667
10p ordinary	CFD	Increasing a short position	4,958	3.744

(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:	29/05/2024
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