Form 8.3 - Smith (DS) plc

Societe Generale SA

24 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	21/06/2024
(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:	26,721,609	1.94	397,263	0.03
(2) Cash-settled derivatives:	81,949	0.01	2,065,791	0.15
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	26,803,558	1.94	2,463,054	0.18

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	80,719	3.592
10p ordinary	Purchase	78,706	3.592
10p ordinary	Purchase	80,719	3.592
10p ordinary	Purchase	2	3.6
10p ordinary	Purchase	8	3.6
10p ordinary	Purchase	59	3.6
10p ordinary	Purchase	86	3.6
10p ordinary	Purchase	102	3.6
10p ordinary	Purchase	121	3.6
10p ordinary	Purchase	126	3.6
10p ordinary	Purchase	221	3.6
10p ordinary	Purchase	230	3.6
10p ordinary	Purchase	261	3.6
10p ordinary	Purchase	266	3.59
10p ordinary	Purchase	293	3.59
10p ordinary	Purchase	773	3.6
10p ordinary	Purchase	907	3.59
10p ordinary	Purchase	941	3.6
10p ordinary	Purchase	1,333	3.6
10p ordinary	Purchase	1,444	3.6
10p ordinary	Purchase	1,457	3.6
10p ordinary	Purchase	1,514	3.6
10p ordinary	Purchase	1,732	3.6
10p ordinary	Purchase	1,868	3.6
10p ordinary	Purchase	2,519	3.6
10p ordinary	Purchase	2,581	3.6
10p ordinary	Purchase	2,581	3.614
10p ordinary	Purchase	2,581	3.614
10p ordinary	Purchase	2,581	3.614
10p ordinary	Purchase	2,581	3.614
10p ordinary	Purchase	2,642	3.6
10p ordinary	Purchase	2,888	3.598
10p ordinary	Purchase	3,158	3.6
10p ordinary	Purchase	3,293	3.6
10p ordinary	Purchase	3,429	3.6
10p ordinary	Purchase	3,647	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.6
10p ordinary	Purchase	5,161	3.614
10p ordinary	Purchase	5,161	3.614
10p ordinary	Purchase	5,161	3.614
10p ordinary	Purchase	10,322	3.6
10p ordinary	Purchase	10,322	3.6
10p ordinary	Purchase	2,064	3.6
10p ordinary	Purchase	2,581	3.6
10p ordinary	Purchase	1,356	3.618
10p ordinary	Purchase	83	3.612
10p ordinary	Purchase	500	3.63
10p ordinary	Purchase	992	3.63
10p ordinary	Purchase	1,079	3.624
10p ordinary	Purchase	1,167	3.622
10p ordinary	Purchase	1,167	3.624
10p ordinary	Purchase	1,169	3.618
10p ordinary	Purchase	1,173	3.592
10p ordinary	Purchase	1,180	3.59
10p ordinary	Purchase	1,375	3.608
10p ordinary	Purchase	1,386	3.608
10p ordinary	Purchase	1,806	3.598
10p ordinary	Purchase	1,806	3.612
10p ordinary	Purchase	1,806	3.612
10p ordinary	Purchase	1,816	3.598
10p ordinary	Purchase	1,816	3.612
10p ordinary	Purchase	2,230	3.6
10p ordinary	Purchase	2,274	3.594
10p ordinary	Purchase	62,686	3.614
10p ordinary	Purchase	11	3.588
10p ordinary	Purchase	19	3.59
10p ordinary	Purchase	21	3.588
10p ordinary	Purchase	22	3.584
10p ordinary	Purchase	22	3.586
10p ordinary	Purchase	22	3.586
10p ordinary	Purchase	22	3.588
10p ordinary	Purchase	22	3.588
10p ordinary	Purchase	22	3.59
10p ordinary	Purchase	23	3.586
10p ordinary	Purchase	23	3.588
10p ordinary	Purchase	23	3.59
10p ordinary	Purchase	23	3.592
10p ordinary	Purchase	24	3.58
10p ordinary	Purchase	24	3.582
10p ordinary	Purchase	24	3.586
10p ordinary	Purchase	24	3.588
10p ordinary	Purchase	25	3.59
10p ordinary	Purchase	26	3.586
10p ordinary	Purchase	31	3.588
10p ordinary	Purchase	35	3.59
10p ordinary	Purchase	39	3.582
10p ordinary	Purchase	39	3.586
10p ordinary	Purchase	39	3.588
10p ordinary	Purchase	40	3.588
10p ordinary	Purchase	40	3.588
10p ordinary	Purchase	40	3.588
10p ordinary	Purchase	40	3.588
10p ordinary	Purchase	41	3.58
10p ordinary	Purchase	41	3.588
10p ordinary	Purchase	44	3.586
10p ordinary	Purchase	44	3.588
10p ordinary	Purchase	44	3.594
10p ordinary	Purchase	46	3.586
10p ordinary	Purchase	49	3.588
10p ordinary	Purchase	50	3.586
10p ordinary	Purchase	50	3.588
10p ordinary	Purchase	50	3.588
10p ordinary	Purchase	51	3.586
10p ordinary	Purchase	51	3.588
10p ordinary	Purchase	52	3.586
10p ordinary	Purchase	52	3.588
10p ordinary	Purchase	52	3.588
10p ordinary	Purchase	52	3.588
10p ordinary	Purchase	52	3.592
10p ordinary	Purchase	53	3.588
10p ordinary	Purchase	54	3.586
10p ordinary	Purchase	56	3.58
10p ordinary	Purchase	56	3.586
10p ordinary	Purchase	56	3.588
10p ordinary	Purchase	57	3.586
10p ordinary	Purchase	57	3.586
10p ordinary	Purchase	57	3.588
10p ordinary	Purchase	59	3.58
10p ordinary	Purchase	61	3.586
10p ordinary	Purchase	62	3.586
10p ordinary	Purchase	62	3.588
10p ordinary	Purchase	64	3.586
10p ordinary	Purchase	64	3.586
10p ordinary	Purchase	64	3.586
10p ordinary	Purchase	66	3.59
10p ordinary	Purchase	67	3.584
10p ordinary	Purchase	67	3.588
10p ordinary	Purchase	67	3.588
10p ordinary	Purchase	68	3.58
10p ordinary	Purchase	70	3.586
10p ordinary	Purchase	70	3.586
10p ordinary	Purchase	70	3.59
10p ordinary	Purchase	71	3.588
10p ordinary	Purchase	72	3.588
10p ordinary	Purchase	72	3.588
10p ordinary	Purchase	73	3.586
10p ordinary	Purchase	73	3.588
10p ordinary	Purchase	73	3.588
10p ordinary	Purchase	76	3.592
10p ordinary	Purchase	78	3.586
10p ordinary	Purchase	78	3.592
10p ordinary	Purchase	79	3.588
10p ordinary	Purchase	81	3.59
10p ordinary	Purchase	82	3.586
10p ordinary	Purchase	82	3.59
10p ordinary	Purchase	82	3.592
10p ordinary	Purchase	89	3.588
10p ordinary	Purchase	98	3.59
10p ordinary	Purchase	109	3.584
10p ordinary	Purchase	118	3.584
10p ordinary	Purchase	129	3.584
10p ordinary	Purchase	140	3.59
10p ordinary	Purchase	142	3.59
10p ordinary	Purchase	151	3.584
10p ordinary	Purchase	152	3.592
10p ordinary	Purchase	163	3.588
10p ordinary	Purchase	167	3.59
10p ordinary	Purchase	169	3.582
10p ordinary	Purchase	169	3.59
10p ordinary	Purchase	172	3.59
10p ordinary	Purchase	177	3.59
10p ordinary	Purchase	178	3.588
10p ordinary	Purchase	191	3.584
10p ordinary	Purchase	210	3.588
10p ordinary	Purchase	210	3.59
10p ordinary	Purchase	217	3.584
10p ordinary	Purchase	217	3.594
10p ordinary	Purchase	219	3.594
10p ordinary	Purchase	220	3.588
10p ordinary	Purchase	220	3.588
10p ordinary	Purchase	223	3.59
10p ordinary	Purchase	227	3.59
10p ordinary	Purchase	232	3.588
10p ordinary	Purchase	232	3.588
10p ordinary	Purchase	234	3.59
10p ordinary	Purchase	241	3.584
10p ordinary	Purchase	258	3.588
10p ordinary	Purchase	260	3.592
10p ordinary	Purchase	263	3.59
10p ordinary	Purchase	266	3.582
10p ordinary	Purchase	266	3.588
10p ordinary	Purchase	273	3.59
10p ordinary	Purchase	288	3.594
10p ordinary	Purchase	289	3.586
10p ordinary	Purchase	290	3.588
10p ordinary	Purchase	290	3.59
10p ordinary	Purchase	292	3.592
10p ordinary	Purchase	299	3.588
10p ordinary	Purchase	301	3.588
10p ordinary	Purchase	306	3.584
10p ordinary	Purchase	329	3.588
10p ordinary	Purchase	333	3.588
10p ordinary	Purchase	339	3.582
10p ordinary	Purchase	347	3.59
10p ordinary	Purchase	348	3.584
10p ordinary	Purchase	348	3.586
10p ordinary	Purchase	350	3.588
10p ordinary	Purchase	353	3.582
10p ordinary	Purchase	356	3.59
10p ordinary	Purchase	357	3.59
10p ordinary	Purchase	362	3.592
10p ordinary	Purchase	363	3.594
10p ordinary	Purchase	370	3.588
10p ordinary	Purchase	384	3.588
10p ordinary	Purchase	384	3.59
10p ordinary	Purchase	403	3.59
10p ordinary	Purchase	412	3.58
10p ordinary	Purchase	412	3.58
10p ordinary	Purchase	412	3.582
10p ordinary	Purchase	412	3.582
10p ordinary	Purchase	412	3.582
10p ordinary	Purchase	412	3.582
10p ordinary	Purchase	412	3.586
10p ordinary	Purchase	412	3.586
10p ordinary	Purchase	412	3.586
10p ordinary	Purchase	412	3.588
10p ordinary	Purchase	412	3.588
10p ordinary	Purchase	412	3.588
10p ordinary	Purchase	412	3.588
10p ordinary	Purchase	412	3.588
10p ordinary	Purchase	412	3.588
10p ordinary	Purchase	412	3.59
10p ordinary	Purchase	412	3.592
10p ordinary	Purchase	412	3.592
10p ordinary	Purchase	416	3.584
10p ordinary	Purchase	425	3.588
10p ordinary	Purchase	435	3.58
10p ordinary	Purchase	435	3.584
10p ordinary	Purchase	435	3.59
10p ordinary	Purchase	440	3.588
10p ordinary	Purchase	456	3.582
10p ordinary	Purchase	473	3.59
10p ordinary	Purchase	474	3.59
10p ordinary	Purchase	484	3.588
10p ordinary	Purchase	504	3.588
10p ordinary	Purchase	520	3.584
10p ordinary	Purchase	524	3.586
10p ordinary	Purchase	533	3.59
10p ordinary	Purchase	552	3.588
10p ordinary	Purchase	558	3.582
10p ordinary	Purchase	580	3.586
10p ordinary	Purchase	580	3.586
10p ordinary	Purchase	580	3.588
10p ordinary	Purchase	595	3.588
10p ordinary	Purchase	601	3.58
10p ordinary	Purchase	601	3.582
10p ordinary	Purchase	601	3.582
10p ordinary	Purchase	626	3.59
10p ordinary	Purchase	657	3.594
10p ordinary	Purchase	658	3.59
10p ordinary	Purchase	660	3.582
10p ordinary	Purchase	724	3.588
10p ordinary	Purchase	724	3.588
10p ordinary	Purchase	724	3.588
10p ordinary	Purchase	724	3.588
10p ordinary	Purchase	724	3.59
10p ordinary	Purchase	724	3.59
10p ordinary	Purchase	724	3.59
10p ordinary	Purchase	724	3.59
10p ordinary	Purchase	724	3.59
10p ordinary	Purchase	724	3.59
10p ordinary	Purchase	724	3.592
10p ordinary	Purchase	724	3.592
10p ordinary	Purchase	724	3.592
10p ordinary	Purchase	724	3.594
10p ordinary	Purchase	724	3.594
10p ordinary	Purchase	724	3.594
10p ordinary	Purchase	724	3.596
10p ordinary	Purchase	725	3.588
10p ordinary	Purchase	868	3.586
10p ordinary	Purchase	868	3.586
10p ordinary	Purchase	868	3.586
10p ordinary	Purchase	868	3.588
10p ordinary	Purchase	869	3.586
10p ordinary	Purchase	1,013	3.582
10p ordinary	Purchase	413	3.6
10p ordinary	Purchase	26,215	3.6019
10p ordinary	Sale	7,208	3.61346
10p ordinary	Sale	51,611	3.59886
10p ordinary	Sale	29	3.594
10p ordinary	Sale	118	3.582
10p ordinary	Sale	225	3.6
10p ordinary	Sale	225	3.606
10p ordinary	Sale	231	3.594
10p ordinary	Sale	235	3.598
10p ordinary	Sale	243	3.584
10p ordinary	Sale	259	3.594
10p ordinary	Sale	306	3.598
10p ordinary	Sale	307	3.598
10p ordinary	Sale	383	3.594
10p ordinary	Sale	417	3.598
10p ordinary	Sale	451	3.584
10p ordinary	Sale	516	3.602
10p ordinary	Sale	518	3.594
10p ordinary	Sale	518	3.594
10p ordinary	Sale	528	3.6
10p ordinary	Sale	538	3.594
10p ordinary	Sale	673	3.598
10p ordinary	Sale	710	3.594
10p ordinary	Sale	716	3.598
10p ordinary	Sale	723	3.594
10p ordinary	Sale	760	3.594
10p ordinary	Sale	772	3.598
10p ordinary	Sale	786	3.6
10p ordinary	Sale	790	3.594
10p ordinary	Sale	805	3.596
10p ordinary	Sale	807	3.606
10p ordinary	Sale	813	3.6
10p ordinary	Sale	829	3.598
10p ordinary	Sale	862	3.596
10p ordinary	Sale	888	3.6
10p ordinary	Sale	907	3.594
10p ordinary	Sale	907	3.594
10p ordinary	Sale	907	3.596
10p ordinary	Sale	907	3.598
10p ordinary	Sale	907	3.6
10p ordinary	Sale	914	3.582
10p ordinary	Sale	914	3.594
10p ordinary	Sale	914	3.596
10p ordinary	Sale	1,015	3.6
10p ordinary	Sale	1,055	3.594
10p ordinary	Sale	1,290	3.598
10p ordinary	Sale	1,290	3.598
10p ordinary	Sale	1,674	3.596
10p ordinary	Sale	1,791	3.594
10p ordinary	Sale	1,871	3.594
10p ordinary	Sale	5,161	3.614
10p ordinary	Sale	10,322	3.614
10p ordinary	Sale	126	3.592
10p ordinary	Sale	256	3.592
10p ordinary	Sale	512	3.592
10p ordinary	Sale	907	3.592
10p ordinary	Sale	914	3.592
10p ordinary	Sale	2,446	3.596
10p ordinary	Sale	656	3.606
10p ordinary	Sale	92	3.618
10p ordinary	Sale	582	3.618
10p ordinary	Sale	5	3.608
10p ordinary	Sale	22	3.596
10p ordinary	Sale	22	3.598
10p ordinary	Sale	56	3.612
10p ordinary	Sale	81	3.614
10p ordinary	Sale	122	3.6
10p ordinary	Sale	176	3.598
10p ordinary	Sale	195	3.592
10p ordinary	Sale	195	3.596
10p ordinary	Sale	235	3.598
10p ordinary	Sale	350	3.598
10p ordinary	Sale	353	3.598
10p ordinary	Sale	441	3.616
10p ordinary	Sale	492	3.606
10p ordinary	Sale	578	3.598
10p ordinary	Sale	590	3.598
10p ordinary	Sale	591	3.598
10p ordinary	Sale	594	3.598
10p ordinary	Sale	644	3.598
10p ordinary	Sale	651	3.598
10p ordinary	Sale	693	3.586
10p ordinary	Sale	799	3.598
10p ordinary	Sale	845	3.606
10p ordinary	Sale	900	3.586
10p ordinary	Sale	907	3.618
10p ordinary	Sale	919	3.618
10p ordinary	Sale	1,092	3.606
10p ordinary	Sale	1,141	3.616
10p ordinary	Sale	1,172	3.61
10p ordinary	Sale	1,173	3.61
10p ordinary	Sale	1,180	3.586
10p ordinary	Sale	1,372	3.596
10p ordinary	Sale	1,394	3.592
10p ordinary	Sale	1,467	3.6
10p ordinary	Sale	1,500	3.614
10p ordinary	Sale	1,577	3.608
10p ordinary	Sale	1,580	3.612
10p ordinary	Sale	1,580	3.612
10p ordinary	Sale	1,581	3.618
10p ordinary	Sale	1,582	3.608
10p ordinary	Sale	1,582	3.61
10p ordinary	Sale	1,583	3.61
10p ordinary	Sale	1,584	3.61
10p ordinary	Sale	1,586	3.596
10p ordinary	Sale	1,586	3.606
10p ordinary	Sale	1,587	3.602
10p ordinary	Sale	1,587	3.604
10p ordinary	Sale	1,587	3.606
10p ordinary	Sale	1,588	3.596
10p ordinary	Sale	1,589	3.596
10p ordinary	Sale	1,589	3.598
10p ordinary	Sale	1,591	3.586
10p ordinary	Sale	1,591	3.59
10p ordinary	Sale	1,591	3.592
10p ordinary	Sale	1,591	3.594
10p ordinary	Sale	1,592	3.588
10p ordinary	Sale	1,996	3.61
10p ordinary	Sale	2,002	3.63
10p ordinary	Sale	2,178	3.594
10p ordinary	Sale	2,296	3.62
10p ordinary	Sale	2,548	3.606
10p ordinary	Sale	11,366	3.614
10p ordinary	Sale	22,620	3.614
10p ordinary	Sale	62,686	3.614

(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

7,208

3.61346

(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

Is a Supplemental Form 8 (Open Positions) attached?

Date of disclosure:	24/06/2024
Contact name:	Paul Jenkins
Telephone number:	+44 20 7676 6969

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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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END