Form 8.3 - Smith (DS) plc

Societe Generale SA

22 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	21/08/2024
(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:	35,837,571	2.60	220,372	0.02
(2)  Cash-settled derivatives:	100,778	0.01	2,179,571	0.16
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	35,938,349	2.60	2,399,943	0.17

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	2,439	4.72071
10p ordinary	Purchase	35	4.71
10p ordinary	Purchase	45	4.714
10p ordinary	Purchase	95	4.71
10p ordinary	Purchase	74	4.714
10p ordinary	Purchase	169	4.678
10p ordinary	Purchase	324	4.678
10p ordinary	Purchase	121	4.706
10p ordinary	Purchase	163	4.7
10p ordinary	Purchase	312	4.7
10p ordinary	Purchase	549	4.71
10p ordinary	Purchase	906	4.7
10p ordinary	Purchase	908	4.7
10p ordinary	Purchase	908	4.702
10p ordinary	Purchase	910	4.692
10p ordinary	Purchase	1,074	4.672
10p ordinary	Purchase	1,102	4.706
10p ordinary	Purchase	1,221	4.716
10p ordinary	Purchase	1,223	4.71
10p ordinary	Purchase	1,223	4.712
10p ordinary	Purchase	1,224	4.704
10p ordinary	Purchase	1,225	4.702
10p ordinary	Purchase	1,226	4.694
10p ordinary	Purchase	28	4.71543
10p ordinary	Purchase	6,441	4.72
10p ordinary	Purchase	663	4.72
10p ordinary	Sale	33	4.714
10p ordinary	Sale	10	4.716
10p ordinary	Sale	2	4.712
10p ordinary	Sale	63	4.712
10p ordinary	Sale	8	4.716
10p ordinary	Sale	42	4.714
10p ordinary	Sale	99	4.714
10p ordinary	Sale	2	4.712
10p ordinary	Sale	4	4.714
10p ordinary	Sale	63	4.712
10p ordinary	Sale	4	4.716
10p ordinary	Sale	27,832	4.704
10p ordinary	Sale	27,832	4.722
10p ordinary	Sale	1	4.72
10p ordinary	Sale	506	4.72
10p ordinary	Sale	557	4.72
10p ordinary	Sale	578	4.72
10p ordinary	Sale	615	4.72
10p ordinary	Sale	621	4.72
10p ordinary	Sale	762	4.72
10p ordinary	Sale	1,172	4.72
10p ordinary	Sale	1,447	4.72
10p ordinary	Sale	1,475	4.72
10p ordinary	Sale	1,960	4.72
10p ordinary	Sale	3,005	4.72
10p ordinary	Sale	3,120	4.72
10p ordinary	Sale	3,148	4.72
10p ordinary	Sale	3,437	4.72
10p ordinary	Sale	3,858	4.72
10p ordinary	Sale	5,121	4.72
10p ordinary	Sale	5,566	4.72
10p ordinary	Sale	5,566	4.72
10p ordinary	Sale	5,566	4.72
10p ordinary	Sale	5,566	4.72
10p ordinary	Sale	8,611	4.72
10p ordinary	Sale	9,658	4.72
10p ordinary	Sale	11,133	4.72
10p ordinary	Sale	161	4.682
10p ordinary	Sale	374	4.682
10p ordinary	Sale	984	4.728
10p ordinary	Sale	1,220	4.728
10p ordinary	Sale	10	4.708
10p ordinary	Sale	132	4.696
10p ordinary	Sale	204	4.68
10p ordinary	Sale	346	4.68
10p ordinary	Sale	560	4.68
10p ordinary	Sale	675	4.718
10p ordinary	Sale	778	4.696
10p ordinary	Sale	899	4.708
10p ordinary	Sale	903	4.73
10p ordinary	Sale	908	4.706
10p ordinary	Sale	908	4.71
10p ordinary	Sale	908	4.712
10p ordinary	Sale	908	4.714
10p ordinary	Sale	1,093	4.696
10p ordinary	Sale	2,008	4.72
10p ordinary	Sale	130	4.71
10p ordinary	Sale	200	4.72
10p ordinary	Sale	378	4.72
10p ordinary	Sale	911	4.72
10p ordinary	Sale	984	4.72
10p ordinary	Sale	2,009	4.72
10p ordinary	Sale	2,721	4.72
10p ordinary	Sale	4,120	4.72
10p ordinary	Sale	16,085	4.72
10p ordinary	Sale	2,821	4.72007
10p ordinary	Sale	663	4.72
10p ordinary	Sale	6,441	4.72

(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	2,439	4.72071
10p ordinary	CFD	Reducing a long position	35	4.71
10p ordinary	CFD	Reducing a long position	45	4.714
10p ordinary	CFD	Reducing a long position	95	4.71
10p ordinary	CFD	Reducing a long position	74	4.714
10p ordinary	CFD	Increasing a long position	33	4.714
10p ordinary	CFD	Increasing a long position	10	4.716
10p ordinary	CFD	Increasing a long position	2	4.712
10p ordinary	CFD	Increasing a long position	63	4.712
10p ordinary	CFD	Increasing a long position	8	4.716
10p ordinary	CFD	Increasing a long position	42	4.714
10p ordinary	CFD	Increasing a long position	99	4.714
10p ordinary	CFD	Increasing a long position	2	4.712
10p ordinary	CFD	Increasing a long position	4	4.714
10p ordinary	CFD	Increasing a long position	63	4.712
10p ordinary	CFD	Increasing a long position	4	4.716

(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:	22/08/2024
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