Form 8.3 - Smith (DS) plc

Societe Generale SA

02 July 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	01/07/2024
(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:	26,677,799	1.93	48,198	0.00
(2) Cash-settled derivatives:	148,032	0.01	3,097,374	0.22
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	26,825,831	1.94	3,145,572	0.23

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	942,803	4.192
10p ordinary	Purchase	12	4.218
10p ordinary	Purchase	12	4.206
10p ordinary	Purchase	7	4.202
10p ordinary	Purchase	5	4.198
10p ordinary	Purchase	12	4.196
10p ordinary	Purchase	12	4.214
10p ordinary	Purchase	36	4.22
10p ordinary	Purchase	8	4.2
10p ordinary	Purchase	5	4.21
10p ordinary	Purchase	12	4.208
10p ordinary	Purchase	22	4.192
10p ordinary	Purchase	385	4.192
10p ordinary	Purchase	555	4.23
10p ordinary	Purchase	555	4.23
10p ordinary	Purchase	762	4.192
10p ordinary	Purchase	986	4.192
10p ordinary	Purchase	1,313	4.192
10p ordinary	Purchase	1,366	4.192
10p ordinary	Purchase	1,388	4.192
10p ordinary	Purchase	1,971	4.192
10p ordinary	Purchase	2,391	4.192
10p ordinary	Purchase	2,663	4.192
10p ordinary	Purchase	2,776	4.192
10p ordinary	Purchase	2,776	4.192
10p ordinary	Purchase	2,888	4.192
10p ordinary	Purchase	3,515	4.192
10p ordinary	Purchase	4,238	4.192
10p ordinary	Purchase	4,565	4.192
10p ordinary	Purchase	4,855	4.192
10p ordinary	Purchase	5,551	4.192
10p ordinary	Purchase	5,551	4.192
10p ordinary	Purchase	5,551	4.192
10p ordinary	Purchase	5,551	4.192
10p ordinary	Purchase	5,551	4.192
10p ordinary	Purchase	5,551	4.192
10p ordinary	Purchase	11,103	4.192
10p ordinary	Purchase	200	4.21
10p ordinary	Purchase	469	4.21
10p ordinary	Purchase	539	4.198
10p ordinary	Purchase	542	4.21
10p ordinary	Purchase	625	4.21
10p ordinary	Purchase	654	4.216
10p ordinary	Purchase	770	4.21
10p ordinary	Purchase	1,524	4.21
10p ordinary	Purchase	2,045	4.21
10p ordinary	Purchase	2,981	4.21
10p ordinary	Purchase	4	4.216
10p ordinary	Purchase	106	4.22
10p ordinary	Purchase	119	4.206
10p ordinary	Purchase	183	4.218
10p ordinary	Purchase	200	4.2
10p ordinary	Purchase	200	4.208
10p ordinary	Purchase	249	4.21
10p ordinary	Purchase	249	4.21
10p ordinary	Purchase	307	4.21
10p ordinary	Purchase	361	4.208
10p ordinary	Purchase	459	4.21
10p ordinary	Purchase	474	4.2
10p ordinary	Purchase	524	4.21
10p ordinary	Purchase	542	4.218
10p ordinary	Purchase	549	4.206
10p ordinary	Purchase	580	4.218
10p ordinary	Purchase	600	4.19
10p ordinary	Purchase	600	4.216
10p ordinary	Purchase	600	4.216
10p ordinary	Purchase	621	4.22
10p ordinary	Purchase	674	4.218
10p ordinary	Purchase	691	4.208
10p ordinary	Purchase	770	4.21
10p ordinary	Purchase	867	4.21
10p ordinary	Purchase	912	4.208
10p ordinary	Purchase	1,077	4.212
10p ordinary	Purchase	1,111	4.206
10p ordinary	Purchase	1,200	4.212
10p ordinary	Purchase	1,201	4.2
10p ordinary	Purchase	1,356	4.198
10p ordinary	Purchase	1,356	4.216
10p ordinary	Purchase	1,356	4.224
10p ordinary	Purchase	1,643	4.216
10p ordinary	Purchase	2,175	4.218
10p ordinary	Purchase	2,191	4.21
10p ordinary	Purchase	2,208	4.21
10p ordinary	Purchase	2,240	4.21
10p ordinary	Purchase	2,318	4.21
10p ordinary	Purchase	2,361	4.21
10p ordinary	Purchase	4,982	4.208
10p ordinary	Purchase	1	4.21
10p ordinary	Purchase	542	4.216
10p ordinary	Purchase	633	4.206
10p ordinary	Purchase	702	4.21
10p ordinary	Purchase	874	4.206
10p ordinary	Purchase	1,000	4.198
10p ordinary	Purchase	2,318	4.21
10p ordinary	Purchase	4	4.216
10p ordinary	Purchase	4	4.218
10p ordinary	Purchase	12	4.188
10p ordinary	Purchase	17	4.202
10p ordinary	Purchase	18	4.208
10p ordinary	Purchase	19	4.214
10p ordinary	Purchase	66	4.19
10p ordinary	Purchase	71	4.19
10p ordinary	Purchase	75	4.21
10p ordinary	Purchase	81	4.214
10p ordinary	Purchase	82	4.208
10p ordinary	Purchase	89	4.198
10p ordinary	Purchase	114	4.22
10p ordinary	Purchase	119	4.2
10p ordinary	Purchase	119	4.218
10p ordinary	Purchase	158	4.218
10p ordinary	Purchase	169	4.216
10p ordinary	Purchase	171	4.216
10p ordinary	Purchase	174	4.214
10p ordinary	Purchase	179	4.192
10p ordinary	Purchase	192	4.206
10p ordinary	Purchase	203	4.216
10p ordinary	Purchase	206	4.208
10p ordinary	Purchase	239	4.188
10p ordinary	Purchase	243	4.21
10p ordinary	Purchase	260	4.218
10p ordinary	Purchase	309	4.19
10p ordinary	Purchase	343	4.198
10p ordinary	Purchase	346	4.202
10p ordinary	Purchase	403	4.196
10p ordinary	Purchase	429	4.198
10p ordinary	Purchase	454	4.208
10p ordinary	Purchase	462	4.196
10p ordinary	Purchase	475	4.216
10p ordinary	Purchase	479	4.2
10p ordinary	Purchase	500	4.196
10p ordinary	Purchase	500	4.202
10p ordinary	Purchase	500	4.202
10p ordinary	Purchase	522	4.21
10p ordinary	Purchase	530	4.2
10p ordinary	Purchase	542	4.214
10p ordinary	Purchase	548	4.198
10p ordinary	Purchase	600	4.208
10p ordinary	Purchase	627	4.218
10p ordinary	Purchase	630	4.19
10p ordinary	Purchase	670	4.216
10p ordinary	Purchase	727	4.198
10p ordinary	Purchase	753	4.21
10p ordinary	Purchase	770	4.216
10p ordinary	Purchase	812	4.218
10p ordinary	Purchase	817	4.214
10p ordinary	Purchase	822	4.22
10p ordinary	Purchase	850	4.218
10p ordinary	Purchase	856	4.184
10p ordinary	Purchase	891	4.21
10p ordinary	Purchase	1,007	4.214
10p ordinary	Purchase	1,007	4.216
10p ordinary	Purchase	1,009	4.202
10p ordinary	Purchase	1,009	4.202
10p ordinary	Purchase	1,009	4.204
10p ordinary	Purchase	1,009	4.206
10p ordinary	Purchase	1,009	4.208
10p ordinary	Purchase	1,010	4.198
10p ordinary	Purchase	1,010	4.2
10p ordinary	Purchase	1,010	4.202
10p ordinary	Purchase	1,010	4.204
10p ordinary	Purchase	1,011	4.194
10p ordinary	Purchase	1,011	4.2
10p ordinary	Purchase	1,012	4.192
10p ordinary	Purchase	1,015	4.186
10p ordinary	Purchase	1,022	4.198
10p ordinary	Purchase	1,042	4.194
10p ordinary	Purchase	1,117	4.21
10p ordinary	Purchase	1,129	4.188
10p ordinary	Purchase	1,200	4.218
10p ordinary	Purchase	1,213	4.206
10p ordinary	Purchase	1,342	4.214
10p ordinary	Purchase	1,356	4.188
10p ordinary	Purchase	1,357	4.222
10p ordinary	Purchase	1,358	4.214
10p ordinary	Purchase	1,358	4.214
10p ordinary	Purchase	1,359	4.21
10p ordinary	Purchase	1,359	4.21
10p ordinary	Purchase	1,359	4.212
10p ordinary	Purchase	1,359	4.212
10p ordinary	Purchase	1,359	4.212
10p ordinary	Purchase	1,359	4.212
10p ordinary	Purchase	1,359	4.212
10p ordinary	Purchase	1,359	4.214
10p ordinary	Purchase	1,359	4.214
10p ordinary	Purchase	1,359	4.214
10p ordinary	Purchase	1,359	4.216
10p ordinary	Purchase	1,359	4.216
10p ordinary	Purchase	1,359	4.216
10p ordinary	Purchase	1,360	4.208
10p ordinary	Purchase	1,360	4.208
10p ordinary	Purchase	1,360	4.208
10p ordinary	Purchase	1,360	4.21
10p ordinary	Purchase	1,360	4.21
10p ordinary	Purchase	1,360	4.21
10p ordinary	Purchase	1,360	4.212
10p ordinary	Purchase	1,360	4.212
10p ordinary	Purchase	1,360	4.214
10p ordinary	Purchase	1,361	4.204
10p ordinary	Purchase	1,361	4.208
10p ordinary	Purchase	1,361	4.208
10p ordinary	Purchase	1,361	4.208
10p ordinary	Purchase	1,361	4.21
10p ordinary	Purchase	1,361	4.21
10p ordinary	Purchase	1,361	4.212
10p ordinary	Purchase	1,362	4.202
10p ordinary	Purchase	1,362	4.204
10p ordinary	Purchase	1,362	4.204
10p ordinary	Purchase	1,362	4.206
10p ordinary	Purchase	1,362	4.206
10p ordinary	Purchase	1,362	4.206
10p ordinary	Purchase	1,362	4.206
10p ordinary	Purchase	1,362	4.206
10p ordinary	Purchase	1,362	4.208
10p ordinary	Purchase	1,362	4.21
10p ordinary	Purchase	1,363	4.194
10p ordinary	Purchase	1,363	4.2
10p ordinary	Purchase	1,363	4.2
10p ordinary	Purchase	1,363	4.202
10p ordinary	Purchase	1,363	4.202
10p ordinary	Purchase	1,363	4.204
10p ordinary	Purchase	1,363	4.204
10p ordinary	Purchase	1,364	4.198
10p ordinary	Purchase	1,364	4.2
10p ordinary	Purchase	1,364	4.2
10p ordinary	Purchase	1,364	4.202
10p ordinary	Purchase	1,365	4.194
10p ordinary	Purchase	1,365	4.198
10p ordinary	Purchase	1,365	4.198
10p ordinary	Purchase	1,365	4.198
10p ordinary	Purchase	1,365	4.2
10p ordinary	Purchase	1,365	4.2
10p ordinary	Purchase	1,365	4.2
10p ordinary	Purchase	1,366	4.192
10p ordinary	Purchase	1,366	4.194
10p ordinary	Purchase	1,366	4.196
10p ordinary	Purchase	1,366	4.202
10p ordinary	Purchase	1,367	4.19
10p ordinary	Purchase	1,367	4.19
10p ordinary	Purchase	1,367	4.192
10p ordinary	Purchase	1,368	4.19
10p ordinary	Purchase	1,369	4.188
10p ordinary	Purchase	1,369	4.19
10p ordinary	Purchase	1,370	4.186
10p ordinary	Purchase	1,370	4.214
10p ordinary	Purchase	1,371	4.18
10p ordinary	Purchase	1,372	4.178
10p ordinary	Purchase	1,445	4.212
10p ordinary	Purchase	1,575	4.206
10p ordinary	Purchase	1,766	4.206
10p ordinary	Purchase	1,813	4.212
10p ordinary	Purchase	1,866	4.21
10p ordinary	Purchase	1,892	4.21
10p ordinary	Purchase	1,957	4.21
10p ordinary	Purchase	2,029	4.198
10p ordinary	Purchase	2,881	4.2
10p ordinary	Purchase	3,000	4.194
10p ordinary	Purchase	3,543	4.22
10p ordinary	Purchase	4,120	4.21
10p ordinary	Purchase	5,000	4.2
10p ordinary	Purchase	5,432	4.208
10p ordinary	Purchase	8,468	4.21
10p ordinary	Purchase	8,990	4.21
10p ordinary	Purchase	9,617	4.192
10p ordinary	Purchase	36,836	4.192
10p ordinary	Purchase	40,484	4.21
10p ordinary	Purchase	1,307	4.214
10p ordinary	Purchase	1,307	4.222
10p ordinary	Purchase	335	4.192
10p ordinary	Sale	1,191	4.19347
10p ordinary	Sale	55,515	4.2
10p ordinary	Sale	111,029	4.198
10p ordinary	Sale	55,515	4.214
10p ordinary	Sale	200	4.22
10p ordinary	Sale	482	4.22
10p ordinary	Sale	674	4.22
10p ordinary	Sale	1,356	4.208
10p ordinary	Sale	1,356	4.21
10p ordinary	Sale	59	4.208
10p ordinary	Sale	194	4.208
10p ordinary	Sale	616	4.208
10p ordinary	Sale	831	4.208
10p ordinary	Sale	5	4.216
10p ordinary	Sale	8	4.206
10p ordinary	Sale	25	4.206
10p ordinary	Sale	63	4.216
10p ordinary	Sale	97	4.204
10p ordinary	Sale	105	4.206
10p ordinary	Sale	114	4.204
10p ordinary	Sale	218	4.208
10p ordinary	Sale	270	4.216
10p ordinary	Sale	293	4.22
10p ordinary	Sale	300	4.212
10p ordinary	Sale	300	4.216
10p ordinary	Sale	300	4.216
10p ordinary	Sale	300	4.216
10p ordinary	Sale	339	4.208
10p ordinary	Sale	380	4.204
10p ordinary	Sale	381	4.208
10p ordinary	Sale	388	4.208
10p ordinary	Sale	389	4.208
10p ordinary	Sale	400	4.224
10p ordinary	Sale	606	4.224
10p ordinary	Sale	673	4.216
10p ordinary	Sale	714	4.22
10p ordinary	Sale	772	4.212
10p ordinary	Sale	800	4.204
10p ordinary	Sale	827	4.196
10p ordinary	Sale	900	4.212
10p ordinary	Sale	900	4.212
10p ordinary	Sale	918	4.212
10p ordinary	Sale	940	4.216
10p ordinary	Sale	1,000	4.212
10p ordinary	Sale	1,007	4.218
10p ordinary	Sale	1,007	4.222
10p ordinary	Sale	1,010	4.208
10p ordinary	Sale	1,011	4.202
10p ordinary	Sale	1,011	4.204
10p ordinary	Sale	1,011	4.204
10p ordinary	Sale	1,011	4.206
10p ordinary	Sale	1,017	4.184
10p ordinary	Sale	1,043	4.204
10p ordinary	Sale	1,100	4.212
10p ordinary	Sale	1,361	4.218
10p ordinary	Sale	1,542	4.204
10p ordinary	Sale	1,550	4.218
10p ordinary	Sale	1,656	4.218
10p ordinary	Sale	1,688	4.22
10p ordinary	Sale	1,825	4.218
10p ordinary	Sale	1,989	4.224
10p ordinary	Sale	41,442	4.218
10p ordinary	Sale	5	4.21
10p ordinary	Sale	335	4.192
10p ordinary	Sale	2,638	4.192
10p ordinary	Sale	3,317	4.192
10p ordinary	Sale	6,062	4.192
10p ordinary	Sale	10,957	4.192
10p ordinary	Sale	13,001	4.192
10p ordinary	Sale	15,423	4.192
10p ordinary	Sale	19,295	4.192
10p ordinary	Sale	26,154	4.192
10p ordinary	Sale	335	4.192

(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	942,803	4.192
10p ordinary	CFD	Reducing a long position	12	4.218
10p ordinary	CFD	Reducing a long position	12	4.206
10p ordinary	CFD	Reducing a long position	7	4.202
10p ordinary	CFD	Reducing a long position	5	4.198
10p ordinary	CFD	Reducing a long position	12	4.196
10p ordinary	CFD	Reducing a long position	12	4.214
10p ordinary	CFD	Reducing a long position	36	4.22
10p ordinary	CFD	Reducing a long position	8	4.2
10p ordinary	CFD	Reducing a long position	5	4.21
10p ordinary	CFD	Reducing a long position	12	4.208
10p ordinary	CFD	Increasing a long position	1,191	4.19347

(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:	02/07/2024
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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