Form 8.3 - Smith (DS) plc

Societe Generale SA

28 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	27/06/2024
(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:	25,617,008	1.86	380,190	0.03
(2)  Cash-settled derivatives:	110,891	0.01	2,085,791	0.15
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	25,727,899	1.86	2,465,981	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	62	3.91
10p ordinary	Purchase	210	3.896
10p ordinary	Purchase	278	3.9
10p ordinary	Purchase	278	3.91
10p ordinary	Purchase	493	3.91
10p ordinary	Purchase	555	3.89
10p ordinary	Purchase	555	3.898
10p ordinary	Purchase	555	3.9
10p ordinary	Purchase	555	3.904
10p ordinary	Purchase	900	3.896
10p ordinary	Purchase	1,110	3.896
10p ordinary	Purchase	1,110	3.9
10p ordinary	Purchase	1,388	3.898
10p ordinary	Purchase	1,446	4.262
10p ordinary	Purchase	2,156	4.262
10p ordinary	Purchase	3,395	4.262
10p ordinary	Purchase	4,105	4.262
10p ordinary	Purchase	5,551	4.262
10p ordinary	Purchase	99	4.23
10p ordinary	Purchase	187	4.168
10p ordinary	Purchase	427	4.168
10p ordinary	Purchase	533	3.908
10p ordinary	Purchase	752	4.158
10p ordinary	Purchase	772	3.904
10p ordinary	Purchase	984	3.894
10p ordinary	Purchase	1,016	3.876
10p ordinary	Purchase	1,095	4.158
10p ordinary	Purchase	1,164	3.93
10p ordinary	Purchase	1,195	3.908
10p ordinary	Purchase	1,336	3.938
10p ordinary	Purchase	1,669	3.928
10p ordinary	Purchase	2,073	4.23
10p ordinary	Purchase	2,344	4.17
10p ordinary	Purchase	3,255	4.168
10p ordinary	Purchase	249	4.23
10p ordinary	Purchase	596	3.894
10p ordinary	Purchase	687	3.872
10p ordinary	Purchase	1,480	4.23
10p ordinary	Purchase	1,847	3.912
10p ordinary	Purchase	2,171	4.232
10p ordinary	Purchase	376	4.232
10p ordinary	Purchase	795	3.874
10p ordinary	Purchase	814	3.902
10p ordinary	Purchase	1,000	3.91
10p ordinary	Purchase	1,065	3.882
10p ordinary	Purchase	1,663	4.232
10p ordinary	Purchase	153	4.064
10p ordinary	Purchase	190	3.9
10p ordinary	Purchase	232	3.926
10p ordinary	Purchase	260	3.9
10p ordinary	Purchase	341	3.904
10p ordinary	Purchase	424	3.934
10p ordinary	Purchase	478	3.914
10p ordinary	Purchase	479	3.902
10p ordinary	Purchase	548	3.914
10p ordinary	Purchase	600	4.23
10p ordinary	Purchase	654	3.9
10p ordinary	Purchase	656	3.89
10p ordinary	Purchase	657	3.912
10p ordinary	Purchase	674	3.89
10p ordinary	Purchase	696	3.916
10p ordinary	Purchase	701	3.914
10p ordinary	Purchase	729	3.916
10p ordinary	Purchase	742	4.23
10p ordinary	Purchase	759	3.918
10p ordinary	Purchase	760	3.922
10p ordinary	Purchase	767	4.23
10p ordinary	Purchase	767	4.232
10p ordinary	Purchase	778	4.23
10p ordinary	Purchase	778	4.232
10p ordinary	Purchase	796	4.064
10p ordinary	Purchase	803	4.23
10p ordinary	Purchase	805	3.938
10p ordinary	Purchase	811	4.064
10p ordinary	Purchase	846	3.912
10p ordinary	Purchase	846	3.912
10p ordinary	Purchase	846	3.916
10p ordinary	Purchase	846	3.922
10p ordinary	Purchase	846	3.926
10p ordinary	Purchase	846	3.934
10p ordinary	Purchase	846	3.938
10p ordinary	Purchase	846	3.938
10p ordinary	Purchase	863	3.91
10p ordinary	Purchase	866	3.91
10p ordinary	Purchase	981	3.914
10p ordinary	Purchase	986	3.902
10p ordinary	Purchase	993	4.23
10p ordinary	Purchase	1,072	4.238
10p ordinary	Purchase	1,141	3.916
10p ordinary	Purchase	1,204	3.9
10p ordinary	Purchase	1,254	3.938
10p ordinary	Purchase	1,274	3.9
10p ordinary	Purchase	1,399	4.088
10p ordinary	Purchase	1,402	4.07
10p ordinary	Purchase	1,404	3.904
10p ordinary	Purchase	1,404	4.062
10p ordinary	Purchase	1,408	4.054
10p ordinary	Purchase	1,428	3.9
10p ordinary	Purchase	1,429	4
10p ordinary	Purchase	1,438	3.888
10p ordinary	Purchase	1,447	3.948
10p ordinary	Purchase	1,451	3.936
10p ordinary	Purchase	1,458	3.92
10p ordinary	Purchase	1,459	3.91
10p ordinary	Purchase	1,459	3.914
10p ordinary	Purchase	1,459	3.914
10p ordinary	Purchase	1,462	3.906
10p ordinary	Purchase	1,462	3.908
10p ordinary	Purchase	1,464	3.902
10p ordinary	Purchase	1,469	3.9
10p ordinary	Purchase	1,512	3.904
10p ordinary	Purchase	1,548	3.902
10p ordinary	Purchase	1,631	4.158
10p ordinary	Purchase	1,661	3.906
10p ordinary	Purchase	1,699	3.902
10p ordinary	Purchase	2,140	3.92
10p ordinary	Purchase	2,153	3.912
10p ordinary	Purchase	2,797	3.906
10p ordinary	Purchase	2,841	4.15
10p ordinary	Purchase	2,887	3.918
10p ordinary	Purchase	3,000	3.928
10p ordinary	Purchase	3,158	3.916
10p ordinary	Purchase	3,357	3.902
10p ordinary	Purchase	3,717	4.16
10p ordinary	Purchase	4,190	3.924
10p ordinary	Purchase	4,706	4.172
10p ordinary	Purchase	10,577	4.08
10p ordinary	Purchase	10,651	4.08
10p ordinary	Purchase	13,410	3.906
10p ordinary	Purchase	16,843	4.262
10p ordinary	Purchase	45,268	4.262
10p ordinary	Purchase	1,056	4.262
10p ordinary	Purchase	46,218	4.262
10p ordinary	Purchase	3,330,845	3.738
10p ordinary	Purchase	10,517	4.262
10p ordinary	Sale	9,841	4.26136
10p ordinary	Sale	28	4.234
10p ordinary	Sale	85	4.238
10p ordinary	Sale	11	4.238
10p ordinary	Sale	48	4.232
10p ordinary	Sale	28	4.24
10p ordinary	Sale	28	4.232
10p ordinary	Sale	29	4.238
10p ordinary	Sale	28	4.24
10p ordinary	Sale	46	4.236
10p ordinary	Sale	185	4.158
10p ordinary	Sale	190	4.236
10p ordinary	Sale	200	4.238
10p ordinary	Sale	226	4.21
10p ordinary	Sale	264	4.236
10p ordinary	Sale	300	4.21
10p ordinary	Sale	392	4.166
10p ordinary	Sale	500	4.25
10p ordinary	Sale	542	4.238
10p ordinary	Sale	575	4.24
10p ordinary	Sale	665	4.186
10p ordinary	Sale	742	4.246
10p ordinary	Sale	750	4.24
10p ordinary	Sale	896	4.158
10p ordinary	Sale	1,036	4.25
10p ordinary	Sale	1,070	4.168
10p ordinary	Sale	1,109	4.16
10p ordinary	Sale	1,141	4.19
10p ordinary	Sale	1,158	4.166
10p ordinary	Sale	1,299	4.16
10p ordinary	Sale	1,369	4.186
10p ordinary	Sale	1,378	4.242
10p ordinary	Sale	1,550	4.252
10p ordinary	Sale	1,557	4.256
10p ordinary	Sale	1,938	4.106
10p ordinary	Sale	2,037	4.238
10p ordinary	Sale	2,465	4.166
10p ordinary	Sale	2,894	4.168
10p ordinary	Sale	3,000	4.186
10p ordinary	Sale	4,038	4.166
10p ordinary	Sale	4,038	4.174
10p ordinary	Sale	80	4.166
10p ordinary	Sale	200	4.104
10p ordinary	Sale	441	4.104
10p ordinary	Sale	441	4.104
10p ordinary	Sale	510	4.248
10p ordinary	Sale	1,085	4.252
10p ordinary	Sale	1,484	4.166
10p ordinary	Sale	1,876	4.248
10p ordinary	Sale	755	4.24
10p ordinary	Sale	1,928	4.166
10p ordinary	Sale	24	4.234
10p ordinary	Sale	76	4.234
10p ordinary	Sale	100	4.244
10p ordinary	Sale	117	4.252
10p ordinary	Sale	124	4.166
10p ordinary	Sale	135	4.194
10p ordinary	Sale	168	4.238
10p ordinary	Sale	200	4.234
10p ordinary	Sale	200	4.238
10p ordinary	Sale	226	4.238
10p ordinary	Sale	237	4.174
10p ordinary	Sale	300	4.242
10p ordinary	Sale	300	4.248
10p ordinary	Sale	300	4.248
10p ordinary	Sale	305	4.068
10p ordinary	Sale	372	4.242
10p ordinary	Sale	400	4.234
10p ordinary	Sale	424	4.234
10p ordinary	Sale	425	4.236
10p ordinary	Sale	438	4.248
10p ordinary	Sale	547	4.236
10p ordinary	Sale	565	4.242
10p ordinary	Sale	639	4.068
10p ordinary	Sale	710	4.242
10p ordinary	Sale	767	4.238
10p ordinary	Sale	778	4.238
10p ordinary	Sale	778	4.242
10p ordinary	Sale	782	4.23
10p ordinary	Sale	782	4.234
10p ordinary	Sale	782	4.242
10p ordinary	Sale	796	4.1
10p ordinary	Sale	803	4.23
10p ordinary	Sale	803	4.232
10p ordinary	Sale	803	4.234
10p ordinary	Sale	811	4.068
10p ordinary	Sale	811	4.068
10p ordinary	Sale	828	4.038
10p ordinary	Sale	844	3.916
10p ordinary	Sale	846	3.916
10p ordinary	Sale	877	4.242
10p ordinary	Sale	900	4.238
10p ordinary	Sale	937	4.19
10p ordinary	Sale	993	4.232
10p ordinary	Sale	993	4.252
10p ordinary	Sale	1,032	4.108
10p ordinary	Sale	1,072	4.236
10p ordinary	Sale	1,072	4.244
10p ordinary	Sale	1,107	4.252
10p ordinary	Sale	1,219	4.19
10p ordinary	Sale	1,244	4.252
10p ordinary	Sale	1,270	4.252
10p ordinary	Sale	1,274	4.236
10p ordinary	Sale	1,423	4.166
10p ordinary	Sale	1,424	4.158
10p ordinary	Sale	1,545	4.236
10p ordinary	Sale	1,654	4.158
10p ordinary	Sale	1,759	4.1
10p ordinary	Sale	1,787	4.172
10p ordinary	Sale	1,909	4.174
10p ordinary	Sale	2,004	4.234
10p ordinary	Sale	2,367	4.19
10p ordinary	Sale	2,649	4.206
10p ordinary	Sale	2,838	4.158
10p ordinary	Sale	3,000	4.09
10p ordinary	Sale	3,000	4.158
10p ordinary	Sale	3,343	4.21
10p ordinary	Sale	3,778	4.174
10p ordinary	Sale	3,862	4.114
10p ordinary	Sale	61,951	4.1

(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	9,841	4.26136
10p ordinary	CFD	Increasing a long position	28	4.234
10p ordinary	CFD	Increasing a long position	85	4.238
10p ordinary	CFD	Increasing a long position	11	4.238
10p ordinary	CFD	Increasing a long position	48	4.232
10p ordinary	CFD	Increasing a long position	28	4.24
10p ordinary	CFD	Increasing a long position	28	4.232
10p ordinary	CFD	Increasing a long position	29	4.238
10p ordinary	CFD	Increasing a long position	28	4.24

(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:	28/06/2024
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