Form 8.3 - Smith (DS) plc

Societe Generale SA

08 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	05/07/2024
(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:	25,442,179	1.84	15,481	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:	25,729,152	1.86	2,170,052	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	1,388	4.18
10p ordinary				Purchase	300	4.294
10p ordinary				Purchase	416	4.27
10p ordinary				Purchase	525	4.294
10p ordinary				Purchase	600	4.28
10p ordinary				Purchase	663	4.28
10p ordinary				Purchase	1,104	4.27
10p ordinary				Purchase	71	4.254
10p ordinary				Purchase	71	4.272
10p ordinary				Purchase	107	4.254
10p ordinary				Purchase	110	4.182
10p ordinary				Purchase	135	4.254
10p ordinary				Purchase	154	4.254
10p ordinary				Purchase	295	4.182
10p ordinary				Purchase	338	4.2
10p ordinary				Purchase	450	4.242
10p ordinary				Purchase	515	4.182
10p ordinary				Purchase	548	4.242
10p ordinary				Purchase	555	4.2
10p ordinary				Purchase	600	4.254
10p ordinary				Purchase	707	4.2
10p ordinary				Purchase	778	4.182
10p ordinary				Purchase	939	4.25
10p ordinary				Purchase	987	4.29
10p ordinary				Purchase	994	4.254
10p ordinary				Purchase	995	4.252
10p ordinary				Purchase	995	4.256
10p ordinary				Purchase	995	4.258
10p ordinary				Purchase	996	4.252
10p ordinary				Purchase	996	4.254
10p ordinary				Purchase	996	4.256
10p ordinary				Purchase	997	4.25
10p ordinary				Purchase	1,010	4.186
10p ordinary				Purchase	1,010	4.188
10p ordinary				Purchase	1,011	4.18
10p ordinary				Purchase	1,011	4.182
10p ordinary				Purchase	1,011	4.184
10p ordinary				Purchase	1,012	4.178
10p ordinary				Purchase	1,012	4.18
10p ordinary				Purchase	1,012	4.182
10p ordinary				Purchase	1,108	4.274
10p ordinary				Purchase	1,212	4.18
10p ordinary				Purchase	1,273	4.254
10p ordinary				Purchase	1,339	4.272
10p ordinary				Purchase	1,342	4.262
10p ordinary				Purchase	1,343	4.252
10p ordinary				Purchase	1,343	4.254
10p ordinary				Purchase	1,343	4.26
10p ordinary				Purchase	1,346	4.256
10p ordinary				Purchase	1,347	4.242
10p ordinary				Purchase	1,348	4.242
10p ordinary				Purchase	1,506	4.182
10p ordinary				Purchase	1,626	4.18
10p ordinary				Purchase	1,629	4.186
10p ordinary				Purchase	1,440	4.18
10p ordinary				Purchase	2,776	4.18
10p ordinary				Purchase	28,730	4.18
10p ordinary				Purchase	511	4.252
10p ordinary				Sale	27,757	4.1781
10p ordinary				Sale	27,757	4.202
10p ordinary				Sale	55,515	4.1781
10p ordinary				Sale	278	4.182
10p ordinary				Sale	555	4.188
10p ordinary				Sale	5,551	4.18
10p ordinary				Sale	5,551	4.18
10p ordinary				Sale	5,551	4.18
10p ordinary				Sale	29	4.248
10p ordinary				Sale	55	4.248
10p ordinary				Sale	740	4.246
10p ordinary				Sale	752	4.248
10p ordinary				Sale	1,356	4.244
10p ordinary				Sale	94	4.256
10p ordinary				Sale	391	4.27
10p ordinary				Sale	899	4.256
10p ordinary				Sale	993	4.264
10p ordinary				Sale	996	4.26
10p ordinary				Sale	997	4.254
10p ordinary				Sale	997	4.254
10p ordinary				Sale	1,053	4.27
10p ordinary				Sale	1,098	4.198
10p ordinary				Sale	1,232	4.184
10p ordinary				Sale	1,256	4.196
10p ordinary				Sale	1,341	4.264
10p ordinary				Sale	1,361	4.194
10p ordinary				Sale	1,362	4.196
10p ordinary				Sale	1,363	4.192
10p ordinary				Sale	1,363	4.196
10p ordinary				Sale	1,595	4.208
10p ordinary				Sale	1,602	4.206
10p ordinary				Sale	1,611	4.196
10p ordinary				Sale	1,622	4.202
10p ordinary				Sale	2,030	4.21
10p ordinary				Sale	2,187	4.202
10p ordinary				Sale	2,970	4.21
10p ordinary				Sale	4,499	4.18
10p ordinary				Sale	11,668	4.1802
10p ordinary				Sale	5,080	4.18
10p ordinary				Sale	10,881	4.18

(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

(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:	08/07/2024
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