Form 8.3 - Smith (DS) plc

Societe Generale SA

16 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	15/07/2024
(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:	25,625,535	1.86	46,141	0.00
(2)  Cash-settled derivatives:	232,483	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:	25,858,018	1.87	2,200,712	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	62	4.266
10p ordinary				Purchase	107	4.272
10p ordinary				Purchase	5,526	4.234
10p ordinary				Purchase	571	4.274
10p ordinary				Purchase	31	4.266
10p ordinary				Purchase	54	4.26
10p ordinary				Purchase	142	4.202
10p ordinary				Purchase	168	4.202
10p ordinary				Purchase	247	4.202
10p ordinary				Purchase	551	4.266
10p ordinary				Purchase	10	4.246
10p ordinary				Purchase	250	4.194
10p ordinary				Purchase	327	4.226
10p ordinary				Purchase	351	4.194
10p ordinary				Purchase	590	4.272
10p ordinary				Purchase	593	4.25
10p ordinary				Purchase	594	4.238
10p ordinary				Purchase	594	4.24
10p ordinary				Purchase	594	4.24
10p ordinary				Purchase	594	4.248
10p ordinary				Purchase	595	4.234
10p ordinary				Purchase	595	4.236
10p ordinary				Purchase	595	4.236
10p ordinary				Purchase	598	4.21
10p ordinary				Purchase	599	4.202
10p ordinary				Purchase	601	4.192
10p ordinary				Purchase	1,028	4.252
10p ordinary				Purchase	1,327	4.274
10p ordinary				Purchase	1,328	4.272
10p ordinary				Purchase	1,331	4.264
10p ordinary				Purchase	1,331	4.264
10p ordinary				Purchase	1,332	4.256
10p ordinary				Purchase	1,335	4.248
10p ordinary				Purchase	1,389	4.256
10p ordinary				Purchase	1,405	4.26
10p ordinary				Purchase	1,582	4.268
10p ordinary				Purchase	1,727	4.25
10p ordinary				Purchase	2,194	4.236
10p ordinary				Purchase	2,299	4.236
10p ordinary				Purchase	3,000	4.27
10p ordinary				Purchase	3,000	4.27
10p ordinary				Purchase	4,362	4.232
10p ordinary				Purchase	7,288	4.25
10p ordinary				Purchase	1,344	4.234
10p ordinary				Purchase	1,481	4.234
10p ordinary				Purchase	358	4.23386
Class of relevant security				Purchase/sale	Number of securities	Price per unit EUR
10p ordinary				Purchase	2,000	5.05
10p ordinary				Purchase	2,500	5.05
Class of relevant security				Purchase/sale	Number of securities	Price per unit GBP
10p ordinary				Sale	624	4.234
10p ordinary				Sale	635	4.234
10p ordinary				Sale	4,309	4.234
10p ordinary				Sale	17	4.214
10p ordinary				Sale	111	4.218
10p ordinary				Sale	593	4.218
10p ordinary				Sale	846	4.216
10p ordinary				Sale	1,453	4.228
10p ordinary				Sale	2,011	4.214
10p ordinary				Sale	657	4.206
10p ordinary				Sale	604	4.212
10p ordinary				Sale	664	4.218
10p ordinary				Sale	13	4.214
10p ordinary				Sale	18	4.22
10p ordinary				Sale	64	4.21
10p ordinary				Sale	76	4.214
10p ordinary				Sale	93	4.214
10p ordinary				Sale	93	4.214
10p ordinary				Sale	93	4.214
10p ordinary				Sale	93	4.214
10p ordinary				Sale	94	4.214
10p ordinary				Sale	94	4.214
10p ordinary				Sale	94	4.214
10p ordinary				Sale	94	4.214
10p ordinary				Sale	100	4.214
10p ordinary				Sale	100	4.246
10p ordinary				Sale	163	4.222
10p ordinary				Sale	178	4.216
10p ordinary				Sale	217	4.228
10p ordinary				Sale	228	4.232
10p ordinary				Sale	282	4.22
10p ordinary				Sale	358	4.232
10p ordinary				Sale	389	4.274
10p ordinary				Sale	393	4.216
10p ordinary				Sale	488	4.21
10p ordinary				Sale	582	4.22
10p ordinary				Sale	593	4.256
10p ordinary				Sale	594	4.25
10p ordinary				Sale	594	4.252
10p ordinary				Sale	594	4.254
10p ordinary				Sale	597	4.226
10p ordinary				Sale	597	4.228
10p ordinary				Sale	598	4.224
10p ordinary				Sale	598	4.228
10p ordinary				Sale	598	4.23
10p ordinary				Sale	598	4.232
10p ordinary				Sale	599	4.212
10p ordinary				Sale	599	4.214
10p ordinary				Sale	599	4.214
10p ordinary				Sale	599	4.226
10p ordinary				Sale	600	4.206
10p ordinary				Sale	600	4.208
10p ordinary				Sale	600	4.21
10p ordinary				Sale	600	4.21
10p ordinary				Sale	605	4.216
10p ordinary				Sale	648	4.274
10p ordinary				Sale	676	4.22
10p ordinary				Sale	738	4.226
10p ordinary				Sale	801	4.274
10p ordinary				Sale	871	4.232
10p ordinary				Sale	933	4.222
10p ordinary				Sale	949	4.246
10p ordinary				Sale	966	4.254
10p ordinary				Sale	996	4.23
10p ordinary				Sale	998	4.214
10p ordinary				Sale	1,008	4.274
10p ordinary				Sale	1,063	4.22
10p ordinary				Sale	1,116	4.232
10p ordinary				Sale	1,125	4.228
10p ordinary				Sale	1,131	4.254
10p ordinary				Sale	1,182	4.222
10p ordinary				Sale	1,228	4.25
10p ordinary				Sale	1,271	4.214
10p ordinary				Sale	1,285	4.21
10p ordinary				Sale	1,330	4.25
10p ordinary				Sale	1,343	4.224
10p ordinary				Sale	1,344	4.226
10p ordinary				Sale	1,345	4.224
10p ordinary				Sale	1,345	4.226
10p ordinary				Sale	1,346	4.216
10p ordinary				Sale	1,346	4.22
10p ordinary				Sale	1,346	4.22
10p ordinary				Sale	1,347	4.21
10p ordinary				Sale	1,347	4.21
10p ordinary				Sale	1,347	4.212
10p ordinary				Sale	1,347	4.216
10p ordinary				Sale	1,348	4.212
10p ordinary				Sale	1,349	4.204
10p ordinary				Sale	1,349	4.206
10p ordinary				Sale	1,349	4.208
10p ordinary				Sale	1,349	4.208
10p ordinary				Sale	1,349	4.21
10p ordinary				Sale	1,350	4.206
10p ordinary				Sale	1,350	4.206
10p ordinary				Sale	1,389	4.256
10p ordinary				Sale	1,466	4.268
10p ordinary				Sale	2,569	4.2
10p ordinary				Sale	4,062	4.2
10p ordinary				Sale	4,028	4.234
10p ordinary				Sale	1,344	4.234
10p ordinary				Sale	1,481	4.234

(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 long position	62	4.266
10p ordinary	CFD	Reducing a long position	107	4.272
10p ordinary	CFD	Reducing a long position	5,526	4.234
10p ordinary	CFD	Reducing a long position	571	4.274
10p ordinary	CFD	Reducing a long position	31	4.266
10p ordinary	CFD	Reducing a long position	54	4.26

(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:	16/07/2024
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