Form 8.3 - Smith (DS) plc

Societe Generale SA

03 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	02/07/2024
(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:	25,581,784	1.85	29,126	0.00
(2)  Cash-settled derivatives:	286,973	0.02	2,154,571	0.16
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	25,868,757	1.88	2,183,697	0.16

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	1,631	4.22
10p ordinary	Purchase	2,776	4.22
10p ordinary	Purchase	3,920	4.22
10p ordinary	Purchase	5,551	4.22
10p ordinary	Purchase	5,551	4.22
10p ordinary	Purchase	116	4.202
10p ordinary	Purchase	161	4.204
10p ordinary	Purchase	538	4.196
10p ordinary	Purchase	562	4.2
10p ordinary	Purchase	563	4.202
10p ordinary	Purchase	614	4.202
10p ordinary	Purchase	1,182	4.2
10p ordinary	Purchase	1,242	4.196
10p ordinary	Purchase	1,305	4.202
10p ordinary	Purchase	1,356	4.204
10p ordinary	Purchase	1,538	4.198
10p ordinary	Purchase	1,618	4.204
10p ordinary	Purchase	2,376	4.2
10p ordinary	Purchase	898	4.198
10p ordinary	Purchase	2,454	4.212
10p ordinary	Purchase	1	4.188
10p ordinary	Purchase	6	4.198
10p ordinary	Purchase	13	4.198
10p ordinary	Purchase	136	4.214
10p ordinary	Purchase	140	4.202
10p ordinary	Purchase	169	4.202
10p ordinary	Purchase	188	4.196
10p ordinary	Purchase	193	4.198
10p ordinary	Purchase	209	4.194
10p ordinary	Purchase	217	4.22
10p ordinary	Purchase	220	4.196
10p ordinary	Purchase	287	4.22
10p ordinary	Purchase	290	4.202
10p ordinary	Purchase	294	4.216
10p ordinary	Purchase	314	4.202
10p ordinary	Purchase	319	4.214
10p ordinary	Purchase	333	4.194
10p ordinary	Purchase	337	4.216
10p ordinary	Purchase	357	4.198
10p ordinary	Purchase	483	4.198
10p ordinary	Purchase	542	4.192
10p ordinary	Purchase	542	4.2
10p ordinary	Purchase	566	4.19
10p ordinary	Purchase	629	4.198
10p ordinary	Purchase	712	4.216
10p ordinary	Purchase	815	4.198
10p ordinary	Purchase	833	4.202
10p ordinary	Purchase	840	4.196
10p ordinary	Purchase	996	4.194
10p ordinary	Purchase	1,006	4.208
10p ordinary	Purchase	1,007	4.206
10p ordinary	Purchase	1,008	4.198
10p ordinary	Purchase	1,008	4.198
10p ordinary	Purchase	1,008	4.2
10p ordinary	Purchase	1,008	4.202
10p ordinary	Purchase	1,009	4.196
10p ordinary	Purchase	1,010	4.192
10p ordinary	Purchase	1,011	4.188
10p ordinary	Purchase	1,011	4.19
10p ordinary	Purchase	1,011	4.19
10p ordinary	Purchase	1,051	4.196
10p ordinary	Purchase	1,051	4.198
10p ordinary	Purchase	1,061	4.192
10p ordinary	Purchase	1,074	4.196
10p ordinary	Purchase	1,252	4.196
10p ordinary	Purchase	1,304	4.19
10p ordinary	Purchase	1,309	4.22
10p ordinary	Purchase	1,360	4.202
10p ordinary	Purchase	1,360	4.204
10p ordinary	Purchase	1,362	4.196
10p ordinary	Purchase	1,363	4.194
10p ordinary	Purchase	1,364	4.192
10p ordinary	Purchase	1,365	4.2
10p ordinary	Purchase	1,365	4.202
10p ordinary	Purchase	1,386	4.194
10p ordinary	Purchase	1,400	4.198
10p ordinary	Purchase	1,506	4.214
10p ordinary	Purchase	1,519	4.194
10p ordinary	Purchase	1,618	4.22
10p ordinary	Purchase	1,663	4.216
10p ordinary	Purchase	1,723	4.216
10p ordinary	Purchase	1,724	4.21
10p ordinary	Purchase	1,816	4.198
10p ordinary	Purchase	1,819	4.204
10p ordinary	Purchase	1,824	4.198
10p ordinary	Purchase	1,824	4.2
10p ordinary	Purchase	1,833	4.196
10p ordinary	Purchase	1,837	4.206
10p ordinary	Purchase	1,837	4.208
10p ordinary	Purchase	1,843	4.198
10p ordinary	Purchase	1,843	4.202
10p ordinary	Purchase	1,844	4.2
10p ordinary	Purchase	1,844	4.2
10p ordinary	Purchase	1,855	4.216
10p ordinary	Purchase	1,857	4.202
10p ordinary	Purchase	1,858	4.198
10p ordinary	Purchase	1,861	4.202
10p ordinary	Purchase	1,869	4.21
10p ordinary	Purchase	1,873	4.198
10p ordinary	Purchase	1,884	4.214
10p ordinary	Purchase	1,908	4.212
10p ordinary	Purchase	1,909	4.204
10p ordinary	Purchase	1,912	4.22
10p ordinary	Purchase	1,913	4.214
10p ordinary	Purchase	1,913	4.214
10p ordinary	Purchase	1,914	4.216
10p ordinary	Purchase	1,915	4.214
10p ordinary	Purchase	1,983	4.216
10p ordinary	Purchase	2,138	4.19
10p ordinary	Purchase	2,196	4.21
10p ordinary	Purchase	2,354	4.21
10p ordinary	Purchase	2,871	4.194
10p ordinary	Purchase	2,960	4.22
10p ordinary	Purchase	3,000	4.2
10p ordinary	Purchase	3,000	4.216
10p ordinary	Purchase	3,691	4.22
10p ordinary	Purchase	3,791	4.2
10p ordinary	Purchase	21,379	4.19
10p ordinary	Purchase	24,468	4.22
10p ordinary	Purchase	45	4.224
10p ordinary	Purchase	117,564	4.22
10p ordinary	Purchase	72	4.198
10p ordinary	Purchase	1,200	4.202
10p ordinary	Sale	942,803	4.22
10p ordinary	Sale	132,643	4.21916
10p ordinary	Sale	94	4.216
10p ordinary	Sale	1,631	4.22
10p ordinary	Sale	176	4.206
10p ordinary	Sale	1,268	4.22
10p ordinary	Sale	94	4.22
10p ordinary	Sale	2,412	4.22
10p ordinary	Sale	390	4.204
10p ordinary	Sale	94	4.206
10p ordinary	Sale	45	4.224
10p ordinary	Sale	94	4.208
10p ordinary	Sale	27,757	4.204
10p ordinary	Sale	46,133	4.204
10p ordinary	Sale	278	4.214
10p ordinary	Sale	389	4.232
10p ordinary	Sale	555	4.2
10p ordinary	Sale	981	4.232
10p ordinary	Sale	1,406	4.232
10p ordinary	Sale	1,157	4.192
10p ordinary	Sale	2,597	4.2
10p ordinary	Sale	905	4.204
10p ordinary	Sale	396	4.198
10p ordinary	Sale	456	4.198
10p ordinary	Sale	594	4.198
10p ordinary	Sale	94	4.208
10p ordinary	Sale	172	4.238
10p ordinary	Sale	206	4.206
10p ordinary	Sale	237	4.19
10p ordinary	Sale	240	4.2
10p ordinary	Sale	275	4.208
10p ordinary	Sale	296	4.208
10p ordinary	Sale	300	4.206
10p ordinary	Sale	343	4.208
10p ordinary	Sale	777	4.19
10p ordinary	Sale	852	4.2
10p ordinary	Sale	887	4.208
10p ordinary	Sale	1,009	4.204
10p ordinary	Sale	1,009	4.21
10p ordinary	Sale	1,010	4.208
10p ordinary	Sale	1,012	4.194
10p ordinary	Sale	1,012	4.198
10p ordinary	Sale	1,012	4.2
10p ordinary	Sale	1,013	4.19
10p ordinary	Sale	1,013	4.198
10p ordinary	Sale	1,014	4.194
10p ordinary	Sale	1,016	4.18
10p ordinary	Sale	1,174	4.238
10p ordinary	Sale	1,409	4.202
10p ordinary	Sale	1,426	4.22
10p ordinary	Sale	1,461	4.202
10p ordinary	Sale	1,828	4.21
10p ordinary	Sale	1,845	4.19
10p ordinary	Sale	1,845	4.236
10p ordinary	Sale	1,908	4.2
10p ordinary	Sale	1,911	4.208
10p ordinary	Sale	2,011	4.178
10p ordinary	Sale	13,315	4.22
10p ordinary	Sale	18,641	4.22
10p ordinary	Sale	1,863	4.22
10p ordinary	Sale	2,468	4.22
10p ordinary	Sale	3,688	4.22
10p ordinary	Sale	3,933	4.22
10p ordinary	Sale	4,272	4.22
10p ordinary	Sale	4,505	4.22
10p ordinary	Sale	11,103	4.22
10p ordinary	Sale	22,349	4.22
10p ordinary	Sale	117,564	4.22
10p ordinary	Sale	791	4.2
10p ordinary	Sale	511	4.2
10p ordinary	Sale	1,302	4.2
10p ordinary	Sale	199	4.198
10p ordinary	Sale	37	4.228
10p ordinary	Sale	206	4.19
10p ordinary	Sale	206	4.198
10p ordinary	Sale	206	4.22
10p ordinary	Sale	17	4.22
10p ordinary	Sale	206	4.196
10p ordinary	Sale	123	4.208

(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	Reducing a short position	942,803	4.22
10p ordinary	CFD	Increasing a long position	132,643	4.21916
10p ordinary	CFD	Increasing a long position	94	4.216
10p ordinary	CFD	Increasing a long position	1,631	4.22
10p ordinary	CFD	Increasing a long position	176	4.206
10p ordinary	CFD	Increasing a long position	1,268	4.22
10p ordinary	CFD	Increasing a long position	94	4.22
10p ordinary	CFD	Increasing a long position	2,412	4.22
10p ordinary	CFD	Increasing a long position	390	4.204
10p ordinary	CFD	Increasing a long position	94	4.206
10p ordinary	CFD	Increasing a long position	45	4.224
10p ordinary	CFD	Increasing a long position	94	4.208

(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:	03/07/2024
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