Form 8.3 - Smith (DS) plc

Societe Generale SA

16 August 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	15/08/2024
(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:	36,053,715	2.61	196,816	0.01
(2)  Cash-settled derivatives:	103,662	0.01	2,179,571	0.88
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	36,157,377	2.62	2,376,387	0.90

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	292	4.62
10p ordinary	Purchase	1,286	4.62
10p ordinary	Purchase	1,764	4.62
10p ordinary	Purchase	3,988	4.62
10p ordinary	Purchase	5,566	4.62
10p ordinary	Purchase	5,568	4.62
10p ordinary	Purchase	5,568	4.62
10p ordinary	Purchase	9,369	4.62
10p ordinary	Purchase	11,133	4.62
10p ordinary	Purchase	10,000,000	4.48
10p ordinary	Purchase	1,242	4.624
10p ordinary	Purchase	67	4.64
10p ordinary	Purchase	125	4.64
10p ordinary	Purchase	170	4.646
10p ordinary	Purchase	288	4.624
10p ordinary	Purchase	290	4.64
10p ordinary	Purchase	308	4.624
10p ordinary	Purchase	335	4.64
10p ordinary	Purchase	371	4.52
10p ordinary	Purchase	398	4.628
10p ordinary	Purchase	401	4.646
10p ordinary	Purchase	550	4.628
10p ordinary	Purchase	550	4.628
10p ordinary	Purchase	646	4.62
10p ordinary	Purchase	731	4.646
10p ordinary	Purchase	749	4.646
10p ordinary	Purchase	766	4.52
10p ordinary	Purchase	772	4.624
10p ordinary	Purchase	866	4.63
10p ordinary	Purchase	919	4.648
10p ordinary	Purchase	944	4.534
10p ordinary	Purchase	944	4.536
10p ordinary	Purchase	945	4.53
10p ordinary	Purchase	945	4.532
10p ordinary	Purchase	946	4.526
10p ordinary	Purchase	946	4.528
10p ordinary	Purchase	946	4.532
10p ordinary	Purchase	947	4.524
10p ordinary	Purchase	1,056	4.628
10p ordinary	Purchase	1,106	4.638
10p ordinary	Purchase	1,107	4.63
10p ordinary	Purchase	1,107	4.63
10p ordinary	Purchase	1,128	4.552
10p ordinary	Purchase	1,131	4.626
10p ordinary	Purchase	1,133	4.536
10p ordinary	Purchase	1,134	4.532
10p ordinary	Purchase	1,134	4.534
10p ordinary	Purchase	1,135	4.528
10p ordinary	Purchase	1,136	4.524
10p ordinary	Purchase	1,136	4.526
10p ordinary	Purchase	1,137	4.522
10p ordinary	Purchase	1,170	4.648
10p ordinary	Purchase	1,199	4.63
10p ordinary	Purchase	1,200	4.626
10p ordinary	Purchase	1,207	4.64
10p ordinary	Purchase	1,298	4.624
10p ordinary	Purchase	1,326	4.616
10p ordinary	Purchase	1,414	4.624
10p ordinary	Purchase	1,422	4.624
10p ordinary	Purchase	1,540	4.636
10p ordinary	Purchase	1,585	4.628
10p ordinary	Purchase	1,670	4.628
10p ordinary	Purchase	1,709	4.624
10p ordinary	Purchase	1,712	4.626
10p ordinary	Purchase	1,723	4.624
10p ordinary	Purchase	2,070	4.64
10p ordinary	Purchase	2,548	4.63
10p ordinary	Purchase	2,735	4.64
10p ordinary	Purchase	3,414	4.63
10p ordinary	Purchase	3,921	4.62
10p ordinary	Purchase	4,521	4.63
10p ordinary	Purchase	5,647	4.62
10p ordinary	Purchase	61	4.54275
10p ordinary	Purchase	33,826	4.62
10p ordinary	Purchase	6,001	4.62
10p ordinary	Sale	8	4.624
10p ordinary	Sale	8	4.624
10p ordinary	Sale	8	4.618
10p ordinary	Sale	26	4.53
10p ordinary	Sale	8	4.528
10p ordinary	Sale	8	4.628
10p ordinary	Sale	7	4.632
10p ordinary	Sale	12	4.63
10p ordinary	Sale	20	4.534
10p ordinary	Sale	8	4.63
10p ordinary	Sale	24	4.636
10p ordinary	Sale	528	4.524
10p ordinary	Sale	629	4.538
10p ordinary	Sale	1,033	4.538
10p ordinary	Sale	26	4.53
10p ordinary	Sale	100	4.626
10p ordinary	Sale	296	4.538
10p ordinary	Sale	462	4.53
10p ordinary	Sale	548	4.534
10p ordinary	Sale	548	4.626
10p ordinary	Sale	674	4.558
10p ordinary	Sale	747	4.538
10p ordinary	Sale	969	4.534
10p ordinary	Sale	385	4.528
10p ordinary	Sale	477	4.53
10p ordinary	Sale	933	4.528
10p ordinary	Sale	1,338	4.534
10p ordinary	Sale	2	4.62
10p ordinary	Sale	3	4.592
10p ordinary	Sale	13	4.63
10p ordinary	Sale	20	4.58
10p ordinary	Sale	50	4.554
10p ordinary	Sale	178	4.654
10p ordinary	Sale	271	4.654
10p ordinary	Sale	411	4.586
10p ordinary	Sale	425	4.64
10p ordinary	Sale	496	4.64
10p ordinary	Sale	654	4.654
10p ordinary	Sale	688	4.62
10p ordinary	Sale	801	4.564
10p ordinary	Sale	942	4.554
10p ordinary	Sale	945	4.534
10p ordinary	Sale	945	4.536
10p ordinary	Sale	946	4.528
10p ordinary	Sale	946	4.53
10p ordinary	Sale	946	4.538
10p ordinary	Sale	1,022	4.586
10p ordinary	Sale	1,065	4.628
10p ordinary	Sale	1,126	4.562
10p ordinary	Sale	1,126	4.564
10p ordinary	Sale	1,135	4.538
10p ordinary	Sale	1,137	4.532
10p ordinary	Sale	1,138	4.528
10p ordinary	Sale	1,138	4.53
10p ordinary	Sale	1,143	4.63
10p ordinary	Sale	1,169	4.532
10p ordinary	Sale	1,223	4.554
10p ordinary	Sale	1,241	4.58
10p ordinary	Sale	1,242	4.65
10p ordinary	Sale	1,243	4.646
10p ordinary	Sale	1,244	4.64
10p ordinary	Sale	1,246	4.626
10p ordinary	Sale	1,248	4.62
10p ordinary	Sale	1,260	4.586
10p ordinary	Sale	1,261	4.582
10p ordinary	Sale	1,261	4.584
10p ordinary	Sale	1,270	4.556
10p ordinary	Sale	1,277	4.526
10p ordinary	Sale	1,277	4.534
10p ordinary	Sale	1,277	4.536
10p ordinary	Sale	1,278	4.526
10p ordinary	Sale	1,278	4.528
10p ordinary	Sale	1,278	4.532
10p ordinary	Sale	1,309	4.56
10p ordinary	Sale	1,330	4.65
10p ordinary	Sale	1,405	4.584
10p ordinary	Sale	1,461	4.554
10p ordinary	Sale	1,513	4.582
10p ordinary	Sale	5,814	4.62
10p ordinary	Sale	18,149	4.62
10p ordinary	Sale	1,971	4.62
10p ordinary	Sale	9,753	4.62
10p ordinary	Sale	11,129	4.62
10p ordinary	Sale	24,214	4.62
10p ordinary	Sale	33,826	4.62
10p ordinary	Sale	6,001	4.62

(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	8	4.624
10p ordinary	CFD	Increasing a long position	8	4.624
10p ordinary	CFD	Increasing a long position	8	4.618
10p ordinary	CFD	Increasing a long position	26	4.53
10p ordinary	CFD	Increasing a long position	8	4.528
10p ordinary	CFD	Increasing a long position	8	4.628
10p ordinary	CFD	Increasing a long position	7	4.632
10p ordinary	CFD	Increasing a long position	12	4.63
10p ordinary	CFD	Increasing a long position	20	4.534
10p ordinary	CFD	Increasing a long position	8	4.63
10p ordinary	CFD	Increasing a long position	24	4.636

(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:	16/08/2024
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