Form 8.3 - Smith (DS) plc

Societe Generale SA

12 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	11/06/2024
(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:	14,829,033	1.07	359,974	0.03
(2)  Cash-settled derivatives:	102,467	0.01	561,901	0.04
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	14,931,500	1.08	921,875	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 GBP
10p ordinary	Purchase	116,337	3.59076
10p ordinary	Purchase	35,016	3.5605
10p ordinary	Purchase	29	3.64
10p ordinary	Purchase	41	3.64
10p ordinary	Purchase	94	3.64
10p ordinary	Purchase	120	3.64
10p ordinary	Purchase	207	3.64
10p ordinary	Purchase	215	3.64
10p ordinary	Purchase	446	3.64
10p ordinary	Purchase	543	3.64
10p ordinary	Purchase	627	3.64
10p ordinary	Purchase	1,290	3.56
10p ordinary	Purchase	1,290	3.64
10p ordinary	Purchase	2,581	3.636
10p ordinary	Purchase	5,161	3.56
10p ordinary	Purchase	5,161	3.56
10p ordinary	Purchase	774	3.636
10p ordinary	Purchase	536	3.638
10p ordinary	Purchase	754	3.638
10p ordinary	Purchase	615	3.568
10p ordinary	Purchase	1,001	3.566
10p ordinary	Purchase	1,006	3.646
10p ordinary	Purchase	1,356	3.626
10p ordinary	Purchase	986	3.646
10p ordinary	Purchase	300	3.564
10p ordinary	Purchase	493	3.564
10p ordinary	Purchase	997	3.646
10p ordinary	Purchase	23	3.56
10p ordinary	Purchase	58	3.59
10p ordinary	Purchase	73	3.562
10p ordinary	Purchase	107	3.622
10p ordinary	Purchase	166	3.568
10p ordinary	Purchase	212	3.57
10p ordinary	Purchase	594	3.556
10p ordinary	Purchase	595	3.56
10p ordinary	Purchase	755	3.586
10p ordinary	Purchase	801	3.566
10p ordinary	Purchase	834	3.586
10p ordinary	Purchase	969	3.57
10p ordinary	Purchase	996	3.646
10p ordinary	Purchase	1,020	3.578
10p ordinary	Purchase	1,038	3.578
10p ordinary	Purchase	1,090	3.574
10p ordinary	Purchase	1,115	3.59
10p ordinary	Purchase	1,170	3.6
10p ordinary	Purchase	1,173	3.592
10p ordinary	Purchase	1,173	3.592
10p ordinary	Purchase	1,175	3.584
10p ordinary	Purchase	1,175	3.594
10p ordinary	Purchase	1,176	3.58
10p ordinary	Purchase	1,176	3.582
10p ordinary	Purchase	1,176	3.592
10p ordinary	Purchase	1,177	3.576
10p ordinary	Purchase	1,177	3.578
10p ordinary	Purchase	1,178	3.576
10p ordinary	Purchase	1,180	3.566
10p ordinary	Purchase	1,180	3.568
10p ordinary	Purchase	1,180	3.57
10p ordinary	Purchase	1,180	3.572
10p ordinary	Purchase	1,181	3.564
10p ordinary	Purchase	1,181	3.566
10p ordinary	Purchase	1,181	3.568
10p ordinary	Purchase	1,181	3.568
10p ordinary	Purchase	1,181	3.57
10p ordinary	Purchase	1,182	3.568
10p ordinary	Purchase	1,182	3.568
10p ordinary	Purchase	1,184	3.562
10p ordinary	Purchase	1,185	3.554
10p ordinary	Purchase	1,185	3.56
10p ordinary	Purchase	1,186	3.554
10p ordinary	Purchase	1,468	3.622
10p ordinary	Purchase	1,546	3.56
10p ordinary	Purchase	1,574	3.626
10p ordinary	Purchase	1,592	3.56
10p ordinary	Purchase	1,678	3.572
10p ordinary	Purchase	1,921	3.568
10p ordinary	Purchase	2,131	3.554
10p ordinary	Purchase	2,189	3.56
10p ordinary	Purchase	181	3.56
10p ordinary	Purchase	1,188	3.56
10p ordinary	Purchase	1,649	3.56
10p ordinary	Purchase	2,136	3.56
10p ordinary	Purchase	3,186	3.56
10p ordinary	Purchase	3,512	3.56
10p ordinary	Purchase	3,589	3.56
10p ordinary	Purchase	5,580	3.56
10p ordinary	Purchase	8,345	3.56
10p ordinary	Purchase	16,461	3.56
10p ordinary	Purchase	19,176	3.56
10p ordinary	Purchase	16,704	3.56
10p ordinary	Sale	5,161	3.56
10p ordinary	Sale	5,161	3.56
10p ordinary	Sale	266	3.584
10p ordinary	Sale	740	3.584
10p ordinary	Sale	166	3.582
10p ordinary	Sale	493	3.576
10p ordinary	Sale	493	3.582
10p ordinary	Sale	875	3.576
10p ordinary	Sale	986	3.584
10p ordinary	Sale	812	3.594
10p ordinary	Sale	997	3.584
10p ordinary	Sale	3,324	3.576
10p ordinary	Sale	100	3.574
10p ordinary	Sale	100	3.576
10p ordinary	Sale	100	3.578
10p ordinary	Sale	100	3.578
10p ordinary	Sale	100	3.58
10p ordinary	Sale	121	3.592
10p ordinary	Sale	168	3.574
10p ordinary	Sale	244	3.574
10p ordinary	Sale	552	3.634
10p ordinary	Sale	614	3.634
10p ordinary	Sale	779	3.574
10p ordinary	Sale	895	3.574
10p ordinary	Sale	905	3.562
10p ordinary	Sale	905	3.57
10p ordinary	Sale	905	3.58
10p ordinary	Sale	910	3.57
10p ordinary	Sale	910	3.58
10p ordinary	Sale	912	3.562
10p ordinary	Sale	996	3.584
10p ordinary	Sale	1,053	3.592
10p ordinary	Sale	1,090	3.578
10p ordinary	Sale	1,165	3.642
10p ordinary	Sale	1,166	3.638
10p ordinary	Sale	1,168	3.626
10p ordinary	Sale	1,171	3.6
10p ordinary	Sale	1,172	3.6
10p ordinary	Sale	1,173	3.598
10p ordinary	Sale	1,174	3.592
10p ordinary	Sale	1,175	3.59
10p ordinary	Sale	1,177	3.58
10p ordinary	Sale	1,178	3.582
10p ordinary	Sale	1,178	3.588
10p ordinary	Sale	1,178	3.59
10p ordinary	Sale	1,179	3.58
10p ordinary	Sale	1,179	3.582
10p ordinary	Sale	1,181	3.57
10p ordinary	Sale	1,181	3.574
10p ordinary	Sale	1,181	3.584
10p ordinary	Sale	1,182	3.58
10p ordinary	Sale	1,182	3.582
10p ordinary	Sale	1,184	3.562
10p ordinary	Sale	1,184	3.572
10p ordinary	Sale	1,185	3.56
10p ordinary	Sale	1,185	3.566
10p ordinary	Sale	1,185	3.568
10p ordinary	Sale	1,185	3.57
10p ordinary	Sale	1,186	3.562
10p ordinary	Sale	1,186	3.564
10p ordinary	Sale	1,529	3.592
10p ordinary	Sale	1,535	3.578
10p ordinary	Sale	1,715	3.58
10p ordinary	Sale	1,962	3.576
10p ordinary	Sale	2,291	3.636
10p ordinary	Sale	16,704	3.56

(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 short position	116,337	3.59076
10p ordinary	CFD	Reducing a long position	35,016	3.5605

(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:	12/06/2024
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