Form 8.3 - Smith (DS) plc

Societe Generale SA

28 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	27/08/2024
(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:	37,652,455	2.73	243,277	0.02
(2)  Cash-settled derivatives:	100,024	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:	37,752,479	2.74	2,422,848	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	6	4.739
10p ordinary	Purchase	44	4.73
10p ordinary	Purchase	8	4.739
10p ordinary	Purchase	192	4.742
10p ordinary	Purchase	44	4.724
10p ordinary	Purchase	12	4.739
10p ordinary	Purchase	44	4.738
10p ordinary	Purchase	76	4.748
10p ordinary	Purchase	44	4.734
10p ordinary	Purchase	71	4.745
10p ordinary	Purchase	44	4.728
10p ordinary	Purchase	44	4.74
10p ordinary	Purchase	19	4.739
10p ordinary	Purchase	44	4.734
10p ordinary	Purchase	44	4.726
10p ordinary	Purchase	8	4.74
10p ordinary	Purchase	99	4.743
10p ordinary	Purchase	44	4.744
10p ordinary	Purchase	84	4.744
10p ordinary	Purchase	168	4.748
10p ordinary	Purchase	819	4.74
10p ordinary	Purchase	5,561	4.74
10p ordinary	Purchase	1,961	4.74
10p ordinary	Purchase	709	4.734
10p ordinary	Purchase	14	4.758
10p ordinary	Purchase	15	4.752
10p ordinary	Purchase	18	4.742
10p ordinary	Purchase	18	4.746
10p ordinary	Purchase	23	4.754
10p ordinary	Purchase	24	4.754
10p ordinary	Purchase	25	4.742
10p ordinary	Purchase	26	4.742
10p ordinary	Purchase	28	4.742
10p ordinary	Purchase	30	4.752
10p ordinary	Purchase	31	4.758
10p ordinary	Purchase	32	4.742
10p ordinary	Purchase	33	4.752
10p ordinary	Purchase	34	4.75
10p ordinary	Purchase	34	4.75
10p ordinary	Purchase	39	4.742
10p ordinary	Purchase	40	4.746
10p ordinary	Purchase	41	4.74
10p ordinary	Purchase	45	4.75
10p ordinary	Purchase	50	4.752
10p ordinary	Purchase	56	4.74
10p ordinary	Purchase	161	4.75
10p ordinary	Purchase	179	4.754
10p ordinary	Purchase	319	4.754
10p ordinary	Purchase	351	4.74
10p ordinary	Purchase	376	4.742
10p ordinary	Purchase	398	4.742
10p ordinary	Purchase	455	4.742
10p ordinary	Purchase	570	4.758
10p ordinary	Purchase	595	4.752
10p ordinary	Purchase	627	4.75
10p ordinary	Purchase	669	4.746
10p ordinary	Purchase	717	4.734
10p ordinary	Purchase	1,008	4.742
10p ordinary	Purchase	1,079	4.752
10p ordinary	Purchase	1,497	4.75
10p ordinary	Purchase	726	4.734
10p ordinary	Purchase	45	4.75
10p ordinary	Purchase	100	4.74
10p ordinary	Purchase	192	4.758
10p ordinary	Purchase	212	4.758
10p ordinary	Purchase	288	4.74
10p ordinary	Purchase	339	4.738
10p ordinary	Purchase	404	4.75
10p ordinary	Purchase	510	4.758
10p ordinary	Purchase	559	4.75
10p ordinary	Purchase	717	4.734
10p ordinary	Purchase	732	4.738
10p ordinary	Purchase	818	4.768
10p ordinary	Purchase	888	4.752
10p ordinary	Purchase	888	4.754
10p ordinary	Purchase	888	4.756
10p ordinary	Purchase	888	4.758
10p ordinary	Purchase	888	4.76
10p ordinary	Purchase	889	4.752
10p ordinary	Purchase	889	4.752
10p ordinary	Purchase	889	4.754
10p ordinary	Purchase	890	4.746
10p ordinary	Purchase	890	4.748
10p ordinary	Purchase	890	4.75
10p ordinary	Purchase	891	4.74
10p ordinary	Purchase	892	4.738
10p ordinary	Purchase	892	4.74
10p ordinary	Purchase	903	4.746
10p ordinary	Purchase	916	4.766
10p ordinary	Purchase	1,006	4.736
10p ordinary	Purchase	1,052	4.722
10p ordinary	Purchase	1,069	4.748
10p ordinary	Purchase	1,181	4.766
10p ordinary	Purchase	1,197	4.768
10p ordinary	Purchase	1,201	4.75
10p ordinary	Purchase	1,201	4.758
10p ordinary	Purchase	1,202	4.748
10p ordinary	Purchase	1,244	4.746
10p ordinary	Purchase	1,284	4.74
10p ordinary	Purchase	1,978	4.728
10p ordinary	Purchase	2,152	4.74
10p ordinary	Sale	839	4.74
10p ordinary	Sale	205	4.748
10p ordinary	Sale	291	4.772
10p ordinary	Sale	553	4.762
10p ordinary	Sale	683	4.748
10p ordinary	Sale	890	4.748
10p ordinary	Sale	890	4.756
10p ordinary	Sale	894	4.742
10p ordinary	Sale	948	4.768
10p ordinary	Sale	1,068	4.762
10p ordinary	Sale	1,776	4.74
10p ordinary	Sale	924	4.74
10p ordinary	Sale	2,098	4.74
10p ordinary	Sale	3,875	4.74
10p ordinary	Sale	7,954	4.74
10p ordinary	Sale	8,260	4.74
10p ordinary	Sale	2,152	4.74

(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	6	4.739
10p ordinary	CFD	Reducing a long position	44	4.73
10p ordinary	CFD	Reducing a long position	8	4.739
10p ordinary	CFD	Reducing a long position	192	4.742
10p ordinary	CFD	Reducing a long position	44	4.724
10p ordinary	CFD	Reducing a long position	12	4.739
10p ordinary	CFD	Reducing a long position	44	4.738
10p ordinary	CFD	Reducing a long position	76	4.748
10p ordinary	CFD	Reducing a long position	44	4.734
10p ordinary	CFD	Reducing a long position	71	4.745
10p ordinary	CFD	Reducing a long position	44	4.728
10p ordinary	CFD	Reducing a long position	44	4.74
10p ordinary	CFD	Reducing a long position	19	4.739
10p ordinary	CFD	Reducing a long position	44	4.734
10p ordinary	CFD	Reducing a long position	44	4.726
10p ordinary	CFD	Reducing a long position	8	4.74
10p ordinary	CFD	Reducing a long position	99	4.743
10p ordinary	CFD	Reducing a long position	44	4.744
10p ordinary	CFD	Reducing a long position	84	4.744
10p ordinary	CFD	Reducing a long position	168	4.748

(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:	28/08/2024
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