Form 8.3 - Smith (DS) plc

Societe Generale SA

05 June 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	04/06/2024
(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:	14,728,447	1.07	545,499	0.04
(2)  Cash-settled derivatives:	84,696	0.01	445,564	0.03
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	14,813,143	1.07	991,063	0.07

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 EUR
10p ordinary	Purchase	1,750	4.44
Class of relevant security	Purchase/sale	Number of securities	Price per unit GBP
10p ordinary	Purchase	852	3.762
10p ordinary	Purchase	866	3.752
10p ordinary	Purchase	1,039	3.766
10p ordinary	Purchase	1,165	3.766
10p ordinary	Purchase	1,441	3.766
10p ordinary	Purchase	1,489	3.744
10p ordinary	Purchase	332	3.756
10p ordinary	Purchase	3,142	3.756
10p ordinary	Purchase	40	3.766
10p ordinary	Purchase	79	3.746
10p ordinary	Purchase	211	3.74
10p ordinary	Purchase	229	3.75
10p ordinary	Purchase	241	3.766
10p ordinary	Purchase	482	3.732
10p ordinary	Purchase	526	3.76
10p ordinary	Purchase	544	3.748
10p ordinary	Purchase	592	3.748
10p ordinary	Purchase	659	3.732
10p ordinary	Purchase	719	3.764
10p ordinary	Purchase	765	3.766
10p ordinary	Purchase	809	3.764
10p ordinary	Purchase	811	3.766
10p ordinary	Purchase	906	3.75
10p ordinary	Purchase	927	3.74
10p ordinary	Purchase	1,058	3.746
10p ordinary	Purchase	1,130	3.766
10p ordinary	Purchase	1,131	3.76
10p ordinary	Purchase	1,131	3.762
10p ordinary	Purchase	1,131	3.762
10p ordinary	Purchase	1,132	3.758
10p ordinary	Purchase	1,133	3.756
10p ordinary	Purchase	1,133	3.76
10p ordinary	Purchase	1,134	3.754
10p ordinary	Purchase	1,134	3.756
10p ordinary	Purchase	1,135	3.75
10p ordinary	Purchase	1,135	3.752
10p ordinary	Purchase	1,136	3.746
10p ordinary	Purchase	1,136	3.748
10p ordinary	Purchase	1,136	3.748
10p ordinary	Purchase	1,137	3.742
10p ordinary	Purchase	1,139	3.74
10p ordinary	Purchase	1,140	3.734
10p ordinary	Purchase	1,140	3.736
10p ordinary	Purchase	1,142	3.728
10p ordinary	Purchase	1,142	3.73
10p ordinary	Purchase	1,169	3.766
10p ordinary	Purchase	1,341	3.748
10p ordinary	Purchase	1,457	3.76
10p ordinary	Purchase	1,486	3.766
10p ordinary	Purchase	1,507	3.762
10p ordinary	Purchase	1,527	3.762
10p ordinary	Purchase	1,527	3.762
10p ordinary	Purchase	1,527	3.764
10p ordinary	Purchase	1,530	3.756
10p ordinary	Purchase	1,530	3.758
10p ordinary	Purchase	1,531	3.754
10p ordinary	Purchase	1,531	3.754
10p ordinary	Purchase	1,531	3.756
10p ordinary	Purchase	1,531	3.756
10p ordinary	Purchase	1,532	3.75
10p ordinary	Purchase	1,532	3.752
10p ordinary	Purchase	1,532	3.752
10p ordinary	Purchase	1,532	3.752
10p ordinary	Purchase	1,533	3.748
10p ordinary	Purchase	1,533	3.752
10p ordinary	Purchase	1,533	3.756
10p ordinary	Purchase	1,534	3.746
10p ordinary	Purchase	1,535	3.744
10p ordinary	Purchase	1,536	3.742
10p ordinary	Purchase	1,539	3.736
10p ordinary	Purchase	1,540	3.734
10p ordinary	Purchase	1,586	3.766
10p ordinary	Purchase	1,638	3.762
10p ordinary	Purchase	1,660	3.766
10p ordinary	Purchase	1,689	3.756
10p ordinary	Purchase	1,744	3.762
10p ordinary	Purchase	1,920	3.77
10p ordinary	Purchase	2,161	3.75
10p ordinary	Purchase	2,315	3.76
10p ordinary	Purchase	2,466	3.748
10p ordinary	Purchase	2,881	3.762
10p ordinary	Purchase	4,750	3.748
10p ordinary	Purchase	12,907	3.76
10p ordinary	Sale	36	3.76753
10p ordinary	Sale	5,510	3.76044
10p ordinary	Sale	189	3.75947
10p ordinary	Sale	1	3.76
10p ordinary	Sale	43,199	3.76174
10p ordinary	Sale	447	3.762
10p ordinary	Sale	592	3.762
10p ordinary	Sale	635	3.762
10p ordinary	Sale	682	3.762
10p ordinary	Sale	697	3.762
10p ordinary	Sale	697	3.762
10p ordinary	Sale	697	3.762
10p ordinary	Sale	729	3.762
10p ordinary	Sale	749	3.762
10p ordinary	Sale	802	3.762
10p ordinary	Sale	850	3.762
10p ordinary	Sale	972	3.762
10p ordinary	Sale	1,032	3.762
10p ordinary	Sale	1,032	3.762
10p ordinary	Sale	1,032	3.762
10p ordinary	Sale	1,084	3.762
10p ordinary	Sale	1,142	3.762
10p ordinary	Sale	1,499	3.762
10p ordinary	Sale	1,720	3.762
10p ordinary	Sale	1,942	3.762
10p ordinary	Sale	2,291	3.762
10p ordinary	Sale	2,581	3.762
10p ordinary	Sale	2,581	3.762
10p ordinary	Sale	2,788	3.762
10p ordinary	Sale	2,870	3.762
10p ordinary	Sale	3,337	3.762
10p ordinary	Sale	3,614	3.762
10p ordinary	Sale	4,189	3.762
10p ordinary	Sale	4,412	3.762
10p ordinary	Sale	4,432	3.762
10p ordinary	Sale	5,161	3.762
10p ordinary	Sale	5,161	3.762
10p ordinary	Sale	219	3.764
10p ordinary	Sale	453	3.764
10p ordinary	Sale	1,182	3.766
10p ordinary	Sale	1,356	3.764
10p ordinary	Sale	1,356	3.768
10p ordinary	Sale	1,356	3.77
10p ordinary	Sale	126	3.766
10p ordinary	Sale	454	3.766
10p ordinary	Sale	722	3.764
10p ordinary	Sale	60	3.766
10p ordinary	Sale	512	3.766
10p ordinary	Sale	577	3.774
10p ordinary	Sale	727	3.768
10p ordinary	Sale	798	3.768
10p ordinary	Sale	827	3.764
10p ordinary	Sale	955	3.766
10p ordinary	Sale	1,136	3.75
10p ordinary	Sale	1,136	3.76
10p ordinary	Sale	1,138	3.75
10p ordinary	Sale	1,261	3.764
10p ordinary	Sale	1,362	3.774
10p ordinary	Sale	1,524	3.77
10p ordinary	Sale	1,527	3.764
10p ordinary	Sale	1,527	3.77
10p ordinary	Sale	1,528	3.762
10p ordinary	Sale	1,939	3.768
10p ordinary	Sale	2,112	3.764
10p ordinary	Sale	20,746	3.762
10p ordinary	Sale	82	3.762
10p ordinary	Sale	315	3.762
10p ordinary	Sale	316	3.762
10p ordinary	Sale	1,538	3.762
10p ordinary	Sale	1,750	3.762
10p ordinary	Sale	1,830	3.762
10p ordinary	Sale	1,927	3.762
10p ordinary	Sale	2,046	3.762
10p ordinary	Sale	2,442	3.762
10p ordinary	Sale	2,611	3.762
10p ordinary	Sale	3,284	3.762
10p ordinary	Sale	4,325	3.762
10p ordinary	Sale	4,977	3.762
10p ordinary	Sale	5,208	3.762
10p ordinary	Sale	5,429	3.762
10p ordinary	Sale	7,528	3.762
10p ordinary	Sale	12,975	3.762
10p ordinary	Sale	16,194	3.762
10p ordinary	Sale	18,442	3.762
10p ordinary	Sale	31,066	3.762

(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	Increasing a long position	5,510	3.76044
10p ordinary	CFD	Increasing a long position	43,199	3.76174
10p ordinary	CFD	Reducing a short position	36	3.76753
10p ordinary	CFD	Reducing a short position	189	3.75947
10p ordinary	CFD	Reducing a short position	1	3.76

(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:	05/06/2024
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