Form 8.3 - Smith (DS) plc

Societe Generale SA

25 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	24/07/2024
(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:	25,392,666	1.84	274,483	0.02
(2)  Cash-settled derivatives:	264,553	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:	25,657,219	1.86	2,429,054	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	15	4.572
10p ordinary	Purchase	99	4.558
10p ordinary	Purchase	2,784	4.558
10p ordinary	Purchase	761	4.402
10p ordinary	Purchase	867	4.382
10p ordinary	Purchase	471	4.542
10p ordinary	Purchase	529	4.582
10p ordinary	Purchase	616	4.436
10p ordinary	Purchase	811	4.402
10p ordinary	Purchase	1,079	4.434
10p ordinary	Purchase	1,138	4.57
10p ordinary	Purchase	592	4.4
10p ordinary	Purchase	789	4.402
10p ordinary	Purchase	235	4.588
10p ordinary	Purchase	245	4.59
10p ordinary	Purchase	247	4.456
10p ordinary	Purchase	429	4.59
10p ordinary	Purchase	436	4.584
10p ordinary	Purchase	486	4.582
10p ordinary	Purchase	528	4.59
10p ordinary	Purchase	637	4.392
10p ordinary	Purchase	773	4.402
10p ordinary	Purchase	886	4.456
10p ordinary	Purchase	956	4.392
10p ordinary	Purchase	957	4.39
10p ordinary	Purchase	1,070	4.41
10p ordinary	Purchase	1,115	4.52
10p ordinary	Purchase	1,129	4.468
10p ordinary	Purchase	1,129	4.47
10p ordinary	Purchase	1,129	4.472
10p ordinary	Purchase	1,130	4.464
10p ordinary	Purchase	1,130	4.466
10p ordinary	Purchase	1,131	4.46
10p ordinary	Purchase	1,131	4.462
10p ordinary	Purchase	1,132	4.458
10p ordinary	Purchase	1,134	4.448
10p ordinary	Purchase	1,140	4.426
10p ordinary	Purchase	1,141	4.416
10p ordinary	Purchase	1,141	4.418
10p ordinary	Purchase	1,141	4.42
10p ordinary	Purchase	1,142	4.412
10p ordinary	Purchase	1,142	4.414
10p ordinary	Purchase	1,147	4.392
10p ordinary	Purchase	1,148	4.388
10p ordinary	Purchase	1,148	4.39
10p ordinary	Purchase	1,149	4.386
10p ordinary	Purchase	1,150	4.382
10p ordinary	Purchase	1,152	4.374
10p ordinary	Purchase	1,209	4.428
10p ordinary	Purchase	1,218	4.542
10p ordinary	Purchase	1,249	4.54
10p ordinary	Purchase	1,293	4.382
10p ordinary	Purchase	1,293	4.384
10p ordinary	Purchase	1,359	4.412
10p ordinary	Purchase	1,360	4.408
10p ordinary	Purchase	1,360	4.41
10p ordinary	Purchase	1,362	4.418
10p ordinary	Purchase	9,577	4.392
10p ordinary	Purchase	1,278	4.38789
10p ordinary	Purchase	32,644	4.558
10p ordinary	Sale	385	4.388
10p ordinary	Sale	115	4.394
10p ordinary	Sale	427	4.38
10p ordinary	Sale	71	4.384
10p ordinary	Sale	6	4.382
10p ordinary	Sale	111	4.382
10p ordinary	Sale	157	4.402
10p ordinary	Sale	16	4.384
10p ordinary	Sale	215	4.382
10p ordinary	Sale	101	4.402
10p ordinary	Sale	52	4.382
10p ordinary	Sale	59	4.384
10p ordinary	Sale	3	4.404
10p ordinary	Sale	129	4.398
10p ordinary	Sale	176	4.382
10p ordinary	Sale	118	4.382
10p ordinary	Sale	92	4.398
10p ordinary	Sale	83	4.386
10p ordinary	Sale	103	4.388
10p ordinary	Sale	159	4.384
10p ordinary	Sale	100	4.394
10p ordinary	Sale	74	4.396
10p ordinary	Sale	99	4.4
10p ordinary	Sale	75	4.388
10p ordinary	Sale	248	4.396
10p ordinary	Sale	78	4.4
10p ordinary	Sale	153	4.384
10p ordinary	Sale	1	4.432
10p ordinary	Sale	56	4.384
10p ordinary	Sale	52	4.384
10p ordinary	Sale	109	4.4
10p ordinary	Sale	518	4.39
10p ordinary	Sale	256	4.386
10p ordinary	Sale	270	4.384
10p ordinary	Sale	79	4.402
10p ordinary	Sale	779	4.578
10p ordinary	Sale	4	4.584
10p ordinary	Sale	18	4.588
10p ordinary	Sale	32	4.584
10p ordinary	Sale	48	4.536
10p ordinary	Sale	54	4.588
10p ordinary	Sale	78	4.578
10p ordinary	Sale	88	4.588
10p ordinary	Sale	93	4.584
10p ordinary	Sale	135	4.43
10p ordinary	Sale	149	4.476
10p ordinary	Sale	200	4.476
10p ordinary	Sale	200	4.584
10p ordinary	Sale	200	4.588
10p ordinary	Sale	206	4.588
10p ordinary	Sale	224	4.582
10p ordinary	Sale	233	4.578
10p ordinary	Sale	241	4.496
10p ordinary	Sale	243	4.584
10p ordinary	Sale	300	4.43
10p ordinary	Sale	300	4.43
10p ordinary	Sale	300	4.43
10p ordinary	Sale	300	4.43
10p ordinary	Sale	300	4.43
10p ordinary	Sale	300	4.494
10p ordinary	Sale	300	4.498
10p ordinary	Sale	386	4.56
10p ordinary	Sale	543	4.578
10p ordinary	Sale	622	4.536
10p ordinary	Sale	823	4.494
10p ordinary	Sale	823	4.498
10p ordinary	Sale	882	4.496
10p ordinary	Sale	1,033	4.41
10p ordinary	Sale	1,043	4.516
10p ordinary	Sale	1,055	4.56
10p ordinary	Sale	1,100	4.584
10p ordinary	Sale	1,102	4.58
10p ordinary	Sale	1,102	4.582
10p ordinary	Sale	1,105	4.57
10p ordinary	Sale	1,107	4.56
10p ordinary	Sale	1,121	4.506
10p ordinary	Sale	1,121	4.508
10p ordinary	Sale	1,129	4.48
10p ordinary	Sale	1,129	4.482
10p ordinary	Sale	1,129	4.484
10p ordinary	Sale	1,134	4.458
10p ordinary	Sale	1,134	4.46
10p ordinary	Sale	1,139	4.436
10p ordinary	Sale	1,140	4.432
10p ordinary	Sale	1,140	4.448
10p ordinary	Sale	1,141	4.428
10p ordinary	Sale	1,141	4.43
10p ordinary	Sale	1,141	4.436
10p ordinary	Sale	1,141	4.438
10p ordinary	Sale	1,141	4.44
10p ordinary	Sale	1,141	4.442
10p ordinary	Sale	1,141	4.444
10p ordinary	Sale	1,142	4.434
10p ordinary	Sale	1,145	4.41
10p ordinary	Sale	1,147	4.404
10p ordinary	Sale	1,150	4.39
10p ordinary	Sale	1,152	4.382
10p ordinary	Sale	1,213	4.558
10p ordinary	Sale	1,222	4.576
10p ordinary	Sale	1,511	4.558
10p ordinary	Sale	1,627	4.386
10p ordinary	Sale	1,641	4.44
10p ordinary	Sale	2,089	4.416
10p ordinary	Sale	2,535	4.558
10p ordinary	Sale	3,470	4.46
10p ordinary	Sale	8,870	4.558
10p ordinary	Sale	14	4.43
10p ordinary	Sale	1,793	4.446
10p ordinary	Sale	1,574	4.558
10p ordinary	Sale	1,606	4.558
10p ordinary	Sale	2,083	4.558
10p ordinary	Sale	4,881	4.558
10p ordinary	Sale	4,881	4.558
10p ordinary	Sale	6,069	4.558
10p ordinary	Sale	7,569	4.558
10p ordinary	Sale	21,677	4.558
10p ordinary	Sale	32,644	4.558

(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	2,979	4.388831327
10p ordinary	CFD	Increasing a long position	1,766	4.385214052
10p ordinary	CFD	Increasing a long position	1	4.4306704
10p ordinary	CFD	Reducing a long position	114	4.560526082

(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:	25/07/2024
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