Form 8.3 - Smith (DS) plc

Societe Generale SA

25 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	24/06/2024
(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:	26,775,976	1.94	410,340	0.03
(2)  Cash-settled derivatives:	84,334	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:	26,860,310	1.95	2,476,131	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	1	3.648
10p ordinary	Purchase	2	3.66
10p ordinary	Purchase	3	3.66
10p ordinary	Purchase	6	3.64
10p ordinary	Purchase	19	3.66
10p ordinary	Purchase	58	3.63
10p ordinary	Purchase	79	3.636
10p ordinary	Purchase	99	3.662
10p ordinary	Purchase	177	3.664
10p ordinary	Purchase	211	3.664
10p ordinary	Purchase	214	3.648
10p ordinary	Purchase	214	3.656
10p ordinary	Purchase	229	3.664
10p ordinary	Purchase	258	3.656
10p ordinary	Purchase	388	3.662
10p ordinary	Purchase	388	3.662
10p ordinary	Purchase	433	3.664
10p ordinary	Purchase	434	3.634
10p ordinary	Purchase	521	3.64
10p ordinary	Purchase	554	3.648
10p ordinary	Purchase	555	3.632
10p ordinary	Purchase	565	3.664
10p ordinary	Purchase	567	3.664
10p ordinary	Purchase	583	3.606
10p ordinary	Purchase	592	3.662
10p ordinary	Purchase	676	3.648
10p ordinary	Purchase	817	3.648
10p ordinary	Purchase	823	3.664
10p ordinary	Purchase	833	3.64
10p ordinary	Purchase	950	3.664
10p ordinary	Purchase	1,000	3.662
10p ordinary	Purchase	1,000	3.662
10p ordinary	Purchase	1,000	3.664
10p ordinary	Purchase	1,052	3.648
10p ordinary	Purchase	1,110	3.64
10p ordinary	Purchase	1,270	3.662
10p ordinary	Purchase	1,388	3.656
10p ordinary	Purchase	1,388	3.656
10p ordinary	Purchase	1,388	3.658
10p ordinary	Purchase	2,776	3.656
10p ordinary	Purchase	5,293	3.656
10p ordinary	Purchase	5,337	3.656
10p ordinary	Purchase	5,551	3.656
10p ordinary	Purchase	5,551	3.656
10p ordinary	Purchase	5,551	3.656
10p ordinary	Purchase	5,551	3.656
10p ordinary	Purchase	5,551	3.656
10p ordinary	Purchase	2,776	3.656
10p ordinary	Purchase	21	3.622
10p ordinary	Purchase	390	3.622
10p ordinary	Purchase	584	3.622
10p ordinary	Purchase	1,356	3.61
10p ordinary	Purchase	1,356	3.63
10p ordinary	Purchase	1,356	3.63
10p ordinary	Purchase	1,356	3.656
10p ordinary	Purchase	3,016	3.622
10p ordinary	Purchase	3,056	3.622
10p ordinary	Purchase	9,457	3.626
10p ordinary	Purchase	7	3.622
10p ordinary	Purchase	229	3.622
10p ordinary	Purchase	229	3.622
10p ordinary	Purchase	590	3.622
10p ordinary	Purchase	598	3.622
10p ordinary	Purchase	4	3.622
10p ordinary	Purchase	12	3.622
10p ordinary	Purchase	412	3.602
10p ordinary	Purchase	612	3.602
10p ordinary	Purchase	4	3.626
10p ordinary	Purchase	12	3.59
10p ordinary	Purchase	72	3.598
10p ordinary	Purchase	77	3.614
10p ordinary	Purchase	109	3.624
10p ordinary	Purchase	143	3.612
10p ordinary	Purchase	182	3.612
10p ordinary	Purchase	198	3.596
10p ordinary	Purchase	201	3.596
10p ordinary	Purchase	210	3.596
10p ordinary	Purchase	215	3.596
10p ordinary	Purchase	218	3.612
10p ordinary	Purchase	225	3.626
10p ordinary	Purchase	283	3.596
10p ordinary	Purchase	402	3.614
10p ordinary	Purchase	486	3.61
10p ordinary	Purchase	494	3.596
10p ordinary	Purchase	496	3.662
10p ordinary	Purchase	516	3.612
10p ordinary	Purchase	526	3.59
10p ordinary	Purchase	550	3.624
10p ordinary	Purchase	618	3.624
10p ordinary	Purchase	630	3.612
10p ordinary	Purchase	642	3.59
10p ordinary	Purchase	656	3.612
10p ordinary	Purchase	659	3.662
10p ordinary	Purchase	688	3.61
10p ordinary	Purchase	752	3.596
10p ordinary	Purchase	770	3.614
10p ordinary	Purchase	921	3.626
10p ordinary	Purchase	934	3.596
10p ordinary	Purchase	1,154	3.662
10p ordinary	Purchase	1,154	3.666
10p ordinary	Purchase	1,156	3.658
10p ordinary	Purchase	1,166	3.628
10p ordinary	Purchase	1,167	3.624
10p ordinary	Purchase	1,168	3.626
10p ordinary	Purchase	1,169	3.622
10p ordinary	Purchase	1,172	3.614
10p ordinary	Purchase	1,173	3.606
10p ordinary	Purchase	1,173	3.612
10p ordinary	Purchase	1,174	3.604
10p ordinary	Purchase	1,174	3.608
10p ordinary	Purchase	1,174	3.61
10p ordinary	Purchase	1,175	3.602
10p ordinary	Purchase	1,175	3.604
10p ordinary	Purchase	1,176	3.598
10p ordinary	Purchase	1,176	3.598
10p ordinary	Purchase	1,176	3.6
10p ordinary	Purchase	1,176	3.6
10p ordinary	Purchase	1,176	3.6
10p ordinary	Purchase	1,176	3.602
10p ordinary	Purchase	1,176	3.602
10p ordinary	Purchase	1,177	3.598
10p ordinary	Purchase	1,177	3.6
10p ordinary	Purchase	1,177	3.6
10p ordinary	Purchase	1,178	3.592
10p ordinary	Purchase	1,504	3.614
10p ordinary	Purchase	1,574	3.63
10p ordinary	Purchase	1,574	3.632
10p ordinary	Purchase	1,577	3.622
10p ordinary	Purchase	1,583	3.608
10p ordinary	Purchase	2,087	3.624
10p ordinary	Purchase	2,139	3.626
10p ordinary	Purchase	2,167	3.662
10p ordinary	Purchase	2,561	3.626
10p ordinary	Purchase	4,123	3.626
10p ordinary	Purchase	4,630	3.626
10p ordinary	Purchase	5,066	3.626
10p ordinary	Purchase	58,000	3.626
10p ordinary	Purchase	1,546	3.656
10p ordinary	Purchase	3,936	3.656
10p ordinary	Purchase	50,844	3.656
10p ordinary	Sale	26	3.658
10p ordinary	Sale	2,026	3.656
10p ordinary	Sale	95	3.658
10p ordinary	Sale	238	3.664
10p ordinary	Sale	2,607	3.628
10p ordinary	Sale	607	3.6
10p ordinary	Sale	593	3.638
10p ordinary	Sale	1,166	3.614
10p ordinary	Sale	348	3.646
10p ordinary	Sale	520	3.642
10p ordinary	Sale	640	3.636
10p ordinary	Sale	881	3.606
10p ordinary	Sale	933	3.636
10p ordinary	Sale	1,049	3.642
10p ordinary	Sale	1,157	3.662
10p ordinary	Sale	1,165	3.636
10p ordinary	Sale	1,171	3.62
10p ordinary	Sale	1,175	3.612
10p ordinary	Sale	1,176	3.6
10p ordinary	Sale	1,176	3.608
10p ordinary	Sale	1,176	3.61
10p ordinary	Sale	1,177	3.602
10p ordinary	Sale	1,178	3.598
10p ordinary	Sale	1,178	3.6
10p ordinary	Sale	1,179	3.602
10p ordinary	Sale	1,179	3.604
10p ordinary	Sale	1,180	3.598
10p ordinary	Sale	1,180	3.598
10p ordinary	Sale	1,424	3.64
10p ordinary	Sale	1,573	3.634
10p ordinary	Sale	1,590	3.642
10p ordinary	Sale	1,591	3.608
10p ordinary	Sale	1,777	3.662
10p ordinary	Sale	1,895	3.64
10p ordinary	Sale	1,899	3.664
10p ordinary	Sale	1,941	3.67
10p ordinary	Sale	2,086	3.652
10p ordinary	Sale	2,092	3.64
10p ordinary	Sale	2,101	3.662
10p ordinary	Sale	2,102	3.646
10p ordinary	Sale	2,107	3.636
10p ordinary	Sale	2,110	3.66
10p ordinary	Sale	2,124	3.648
10p ordinary	Sale	2,128	3.634
10p ordinary	Sale	2,699	3.6
10p ordinary	Sale	3,270	3.62
10p ordinary	Sale	3,538	3.62
10p ordinary	Sale	3,658	3.634
10p ordinary	Sale	53,362	3.656
10p ordinary	Sale	61,311	3.65606
10p ordinary	Sale	50,844	3.656

(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	26	3.658
10p ordinary	CFD	Increasing a long position	2,026	3.656
10p ordinary	CFD	Increasing a long position	95	3.658
10p ordinary	CFD	Increasing a long position	238	3.664

(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:	25/06/2024
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