Form 8.3 - Smith (DS) plc

Societe Generale SA

02 September 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	30/08/2024
(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:	31,489,154	2.28	168,061	0.01
(2)  Cash-settled derivatives:	100,369	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:	31,589,523	2.29	2,347,632	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	4	4.696
10p ordinary	Purchase	43	4.698
10p ordinary	Purchase	6	4.696
10p ordinary	Purchase	43	4.702
10p ordinary	Purchase	43	4.708
10p ordinary	Purchase	35	4.704
10p ordinary	Purchase	131	4.66
10p ordinary	Purchase	43	4.698
10p ordinary	Purchase	10	4.696
10p ordinary	Purchase	8	4.704
10p ordinary	Purchase	6	4.696
10p ordinary	Purchase	13	4.696
10p ordinary	Purchase	53	4.69
10p ordinary	Purchase	556	4.652
10p ordinary	Purchase	556	4.684
10p ordinary	Purchase	556	4.69
10p ordinary	Purchase	21	4.704
10p ordinary	Purchase	123	4.662
10p ordinary	Purchase	163	4.702
10p ordinary	Purchase	164	4.67
10p ordinary	Purchase	171	4.662
10p ordinary	Purchase	338	4.67
10p ordinary	Purchase	355	4.702
10p ordinary	Purchase	395	4.708
10p ordinary	Purchase	444	4.704
10p ordinary	Purchase	469	4.71
10p ordinary	Purchase	544	4.702
10p ordinary	Purchase	615	4.69
10p ordinary	Purchase	634	4.71
10p ordinary	Purchase	678	4.67
10p ordinary	Purchase	754	4.662
10p ordinary	Purchase	996	4.71
10p ordinary	Purchase	1,210	4.67
10p ordinary	Purchase	1,332	4.71
10p ordinary	Purchase	1,417	4.67
10p ordinary	Purchase	1,441	4.67
10p ordinary	Purchase	1,565	4.668
10p ordinary	Purchase	1,636	4.67
10p ordinary	Purchase	1,724	4.67
10p ordinary	Purchase	278	4.71
10p ordinary	Purchase	648	4.71
10p ordinary	Purchase	926	4.71
10p ordinary	Purchase	1,040	4.662
10p ordinary	Purchase	1,630	4.71
10p ordinary	Purchase	2,630	4.71
10p ordinary	Purchase	170	4.66
10p ordinary	Purchase	460	4.678
10p ordinary	Purchase	624	4.66
10p ordinary	Purchase	10	4.692
10p ordinary	Purchase	38	4.692
10p ordinary	Purchase	154	4.7
10p ordinary	Purchase	204	4.678
10p ordinary	Purchase	229	4.692
10p ordinary	Purchase	255	4.668
10p ordinary	Purchase	350	4.666
10p ordinary	Purchase	394	4.7
10p ordinary	Purchase	416	4.702
10p ordinary	Purchase	425	4.666
10p ordinary	Purchase	434	4.704
10p ordinary	Purchase	459	4.678
10p ordinary	Purchase	473	4.7
10p ordinary	Purchase	500	4.704
10p ordinary	Purchase	550	4.678
10p ordinary	Purchase	611	4.7
10p ordinary	Purchase	637	4.702
10p ordinary	Purchase	654	4.7
10p ordinary	Purchase	739	4.668
10p ordinary	Purchase	792	4.666
10p ordinary	Purchase	800	4.704
10p ordinary	Purchase	889	4.662
10p ordinary	Purchase	898	4.678
10p ordinary	Purchase	898	4.68
10p ordinary	Purchase	898	4.682
10p ordinary	Purchase	898	4.684
10p ordinary	Purchase	899	4.676
10p ordinary	Purchase	900	4.692
10p ordinary	Purchase	902	4.658
10p ordinary	Purchase	944	4.684
10p ordinary	Purchase	952	4.682
10p ordinary	Purchase	972	4.692
10p ordinary	Purchase	1,000	4.67
10p ordinary	Purchase	1,074	4.702
10p ordinary	Purchase	1,081	4.668
10p ordinary	Purchase	1,209	4.702
10p ordinary	Purchase	1,209	4.702
10p ordinary	Purchase	1,209	4.704
10p ordinary	Purchase	1,212	4.694
10p ordinary	Purchase	1,216	4.67
10p ordinary	Purchase	1,216	4.67
10p ordinary	Purchase	1,216	4.67
10p ordinary	Purchase	1,217	4.67
10p ordinary	Purchase	1,220	4.654
10p ordinary	Purchase	1,220	4.66
10p ordinary	Purchase	1,422	4.694
10p ordinary	Purchase	1,503	4.694
10p ordinary	Purchase	1,648	4.67
10p ordinary	Purchase	1,653	4.67
10p ordinary	Purchase	1,717	4.694
10p ordinary	Purchase	3,000	4.7
10p ordinary	Purchase	3,130	4.67
10p ordinary	Purchase	3,210	4.67
10p ordinary	Purchase	3,263	4.694
10p ordinary	Purchase	3,263	4.694
10p ordinary	Purchase	75	4.67499
10p ordinary	Purchase	2,907	4.68
10p ordinary	Purchase	158	4.652
10p ordinary	Purchase	578	4.652
10p ordinary	Purchase	243	4.652
10p ordinary	Purchase	578	4.652
10p ordinary	Purchase	144	4.652
10p ordinary	Purchase	597	4.652
10p ordinary	Purchase	1	4.652
10p ordinary	Purchase	339	4.652
10p ordinary	Sale	37	4.676
10p ordinary	Sale	19	4.678
10p ordinary	Sale	38	4.674
10p ordinary	Sale	56	4.678
10p ordinary	Sale	39	4.678
10p ordinary	Sale	536	4.692
10p ordinary	Sale	576	4.692
10p ordinary	Sale	5,561	4.68
10p ordinary	Sale	895	4.714
10p ordinary	Sale	897	4.688
10p ordinary	Sale	897	4.7
10p ordinary	Sale	900	4.686
10p ordinary	Sale	901	4.684
10p ordinary	Sale	990	4.708
10p ordinary	Sale	1,008	4.688
10p ordinary	Sale	1,076	4.706
10p ordinary	Sale	1,076	4.708
10p ordinary	Sale	1,087	4.698
10p ordinary	Sale	1,725	4.674
10p ordinary	Sale	1,873	4.658
10p ordinary	Sale	14,152	4.68
10p ordinary	Sale	33	4.696
10p ordinary	Sale	226	4.68
10p ordinary	Sale	417	4.68
10p ordinary	Sale	570	4.68
10p ordinary	Sale	2,197	4.68
10p ordinary	Sale	2,907	4.68
10p ordinary	Sale	5,427	4.68
10p ordinary	Sale	5,561	4.68
10p ordinary	Sale	5,561	4.68
10p ordinary	Sale	5,561	4.68
10p ordinary	Sale	10,000	4.68
10p ordinary	Sale	18,173	4.68
10p ordinary	Sale	2,907	4.68

(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	4	4.696
10p ordinary	CFD	Reducing a long position	43	4.698
10p ordinary	CFD	Reducing a long position	6	4.696
10p ordinary	CFD	Reducing a long position	43	4.702
10p ordinary	CFD	Reducing a long position	43	4.708
10p ordinary	CFD	Reducing a long position	35	4.704
10p ordinary	CFD	Reducing a long position	131	4.66
10p ordinary	CFD	Reducing a long position	43	4.698
10p ordinary	CFD	Reducing a long position	10	4.696
10p ordinary	CFD	Reducing a long position	8	4.704
10p ordinary	CFD	Reducing a long position	6	4.696
10p ordinary	CFD	Reducing a long position	13	4.696
10p ordinary	CFD	Reducing a long position	53	4.69
10p ordinary	CFD	Increasing a long position	37	4.676
10p ordinary	CFD	Increasing a long position	19	4.678
10p ordinary	CFD	Increasing a long position	38	4.674
10p ordinary	CFD	Increasing a long position	56	4.678
10p ordinary	CFD	Increasing a long position	39	4.678

(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:	02/09/2024
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