Form 8.3 - Smith (DS) plc

Societe Generale SA

09 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	06/09/2024
(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:	22,867,560	1.66	261,637	0.02
(2)  Cash-settled derivatives:	99,296	0.01	2,010,595	0.15
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	22,966,856	1.66	2,272,232	0.16

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	4.532
10p ordinary	Purchase	2	4.518
10p ordinary	Purchase	68	4.53
10p ordinary	Purchase	7	4.532
10p ordinary	Purchase	49	4.532
10p ordinary	Purchase	2	4.53
10p ordinary	Purchase	1	4.506
10p ordinary	Purchase	1	4.506
10p ordinary	Purchase	47	4.49
10p ordinary	Purchase	1	4.517
10p ordinary	Purchase	2	4.493
10p ordinary	Purchase	2	4.492
10p ordinary	Purchase	13	4.526
10p ordinary	Purchase	18	4.518
10p ordinary	Purchase	7	4.53
10p ordinary	Purchase	2	4.49
10p ordinary	Purchase	7	4.488
10p ordinary	Purchase	4	4.517
10p ordinary	Purchase	129	4.472
10p ordinary	Purchase	2	4.486
10p ordinary	Purchase	2	4.517
10p ordinary	Purchase	1	4.506
10p ordinary	Purchase	6	4.49
10p ordinary	Purchase	42	4.524
10p ordinary	Purchase	4	4.486
10p ordinary	Purchase	208	4.492
10p ordinary	Purchase	2	4.517
10p ordinary	Purchase	54	4.522
10p ordinary	Purchase	21	4.525
10p ordinary	Purchase	12	4.488
10p ordinary	Purchase	2	4.518
10p ordinary	Purchase	7	4.528
10p ordinary	Purchase	4	4.486
10p ordinary	Purchase	24	4.492
10p ordinary	Purchase	122	4.526
10p ordinary	Purchase	18	4.518
10p ordinary	Purchase	20	4.522
10p ordinary	Purchase	1	4.506
10p ordinary	Purchase	3	4.49
10p ordinary	Purchase	24	4.524
10p ordinary	Purchase	22	4.518
10p ordinary	Purchase	25	4.53
10p ordinary	Purchase	2	4.504
10p ordinary	Purchase	6	4.534
10p ordinary	Purchase	22	4.52
10p ordinary	Purchase	2	4.518
10p ordinary	Purchase	2	4.49
10p ordinary	Purchase	2	4.518
10p ordinary	Purchase	36	4.516
10p ordinary	Purchase	292	4.49
10p ordinary	Purchase	33	4.528
10p ordinary	Purchase	1	4.506
10p ordinary	Purchase	2	4.518
10p ordinary	Purchase	22	4.526
10p ordinary	Purchase	11	4.506
10p ordinary	Purchase	3	4.524
10p ordinary	Purchase	75	4.524
10p ordinary	Purchase	11	4.482
10p ordinary	Purchase	2	4.517
10p ordinary	Purchase	2	4.49
10p ordinary	Purchase	2	4.492
10p ordinary	Purchase	1	4.506
10p ordinary	Purchase	5,561	4.472
10p ordinary	Purchase	22	4.482
10p ordinary	Purchase	22	4.482
10p ordinary	Purchase	208	4.482
10p ordinary	Purchase	270	4.514
10p ordinary	Purchase	428	4.482
10p ordinary	Purchase	1,268	4.514
10p ordinary	Purchase	944	4.47
10p ordinary	Purchase	1,106	4.484
10p ordinary	Purchase	1,123	4.512
10p ordinary	Purchase	1,125	4.496
10p ordinary	Purchase	1,264	4.5
10p ordinary	Purchase	1,267	4.49
10p ordinary	Purchase	1,373	4.5
10p ordinary	Purchase	1,641	4.548
10p ordinary	Purchase	168	4.50223
10p ordinary	Purchase	12,882	4.472
10p ordinary	Sale	1	4.472
10p ordinary	Sale	2	4.48
10p ordinary	Sale	3	4.53
10p ordinary	Sale	2	4.488
10p ordinary	Sale	58	4.474
10p ordinary	Sale	3	4.522
10p ordinary	Sale	2	4.52
10p ordinary	Sale	1	4.516
10p ordinary	Sale	1	4.518
10p ordinary	Sale	4	4.512
10p ordinary	Sale	2	4.472
10p ordinary	Sale	1	4.52
10p ordinary	Sale	2	4.472
10p ordinary	Sale	2	4.524
10p ordinary	Sale	2	4.486
10p ordinary	Sale	2	4.484
10p ordinary	Sale	2	4.472
10p ordinary	Sale	2	4.53
10p ordinary	Sale	2	4.488
10p ordinary	Sale	2	4.524
10p ordinary	Sale	12	4.476
10p ordinary	Sale	3	4.526
10p ordinary	Sale	1	4.516
10p ordinary	Sale	1	4.52
10p ordinary	Sale	2	4.486
10p ordinary	Sale	6	4.526
10p ordinary	Sale	2	4.472
10p ordinary	Sale	2	4.484
10p ordinary	Sale	2	4.528
10p ordinary	Sale	2	4.53
10p ordinary	Sale	1	4.518
10p ordinary	Sale	2	4.484
10p ordinary	Sale	7	4.504
10p ordinary	Sale	2	4.488
10p ordinary	Sale	2	4.486
10p ordinary	Sale	3	4.53
10p ordinary	Sale	1	4.52
10p ordinary	Sale	12	4.472
10p ordinary	Sale	2	4.486
10p ordinary	Sale	7	4.512
10p ordinary	Sale	2	4.472
10p ordinary	Sale	65	4.516
10p ordinary	Sale	84	4.516
10p ordinary	Sale	2	4.498
10p ordinary	Sale	2	4.524
10p ordinary	Sale	1	4.52
10p ordinary	Sale	1	4.488
10p ordinary	Sale	7	4.506
10p ordinary	Sale	52	4.544
10p ordinary	Sale	2	4.484
10p ordinary	Sale	6	4.488
10p ordinary	Sale	2	4.524
10p ordinary	Sale	2	4.484
10p ordinary	Sale	2	4.472
10p ordinary	Sale	2	4.494
10p ordinary	Sale	28	4.526
10p ordinary	Sale	2	4.488
10p ordinary	Sale	85	4.526
10p ordinary	Sale	1	4.522
10p ordinary	Sale	1	4.488
10p ordinary	Sale	2	4.49
10p ordinary	Sale	2	4.484
10p ordinary	Sale	19	4.472
10p ordinary	Sale	7	4.47
10p ordinary	Sale	2	4.488
10p ordinary	Sale	3	4.528
10p ordinary	Sale	2	4.518
10p ordinary	Sale	2	4.518
10p ordinary	Sale	1	4.518
10p ordinary	Sale	2	4.494
10p ordinary	Sale	27	4.522
10p ordinary	Sale	1	4.516
10p ordinary	Sale	2	4.488
10p ordinary	Sale	2	4.526
10p ordinary	Sale	3	4.53
10p ordinary	Sale	6	4.514
10p ordinary	Sale	2	4.482
10p ordinary	Sale	2	4.518
10p ordinary	Sale	3	4.528
10p ordinary	Sale	3	4.528
10p ordinary	Sale	1	4.52
10p ordinary	Sale	2	4.518
10p ordinary	Sale	2	4.472
10p ordinary	Sale	2	4.484
10p ordinary	Sale	2	4.486
10p ordinary	Sale	1	4.52
10p ordinary	Sale	2	4.53
10p ordinary	Sale	2	4.486
10p ordinary	Sale	2	4.52
10p ordinary	Sale	12	4.47
10p ordinary	Sale	2	4.484
10p ordinary	Sale	2	4.472
10p ordinary	Sale	1	4.516
10p ordinary	Sale	1	4.49
10p ordinary	Sale	42	4.474
10p ordinary	Sale	2	4.472
10p ordinary	Sale	2	4.486
10p ordinary	Sale	3	4.53
10p ordinary	Sale	1	4.494
10p ordinary	Sale	2	4.524
10p ordinary	Sale	23	4.47
10p ordinary	Sale	2	4.494
10p ordinary	Sale	214	4.468
10p ordinary	Sale	19	4.52
10p ordinary	Sale	31	4.52
10p ordinary	Sale	11	4.522
10p ordinary	Sale	2	4.472
10p ordinary	Sale	2	4.488
10p ordinary	Sale	7	4.512
10p ordinary	Sale	1	4.52
10p ordinary	Sale	1	4.52
10p ordinary	Sale	63	4.516
10p ordinary	Sale	12	4.472
10p ordinary	Sale	2	4.486
10p ordinary	Sale	1,390	4.472
10p ordinary	Sale	1,784	4.472
10p ordinary	Sale	3,777	4.472
10p ordinary	Sale	340	4.522
10p ordinary	Sale	494	4.48
10p ordinary	Sale	646	4.546
10p ordinary	Sale	834	4.522
10p ordinary	Sale	1,034	4.524
10p ordinary	Sale	1,328	4.534
10p ordinary	Sale	16	4.48
10p ordinary	Sale	17	4.47
10p ordinary	Sale	18	4.528
10p ordinary	Sale	19	4.486
10p ordinary	Sale	19	4.494
10p ordinary	Sale	19	4.518
10p ordinary	Sale	19	4.54
10p ordinary	Sale	20	4.488
10p ordinary	Sale	20	4.55
10p ordinary	Sale	103	4.47
10p ordinary	Sale	138	4.47
10p ordinary	Sale	296	4.47
10p ordinary	Sale	375	4.524
10p ordinary	Sale	494	4.518
10p ordinary	Sale	495	4.55
10p ordinary	Sale	543	4.528
10p ordinary	Sale	577	4.47
10p ordinary	Sale	593	4.488
10p ordinary	Sale	593	4.494
10p ordinary	Sale	607	4.524
10p ordinary	Sale	642	4.48
10p ordinary	Sale	692	4.486
10p ordinary	Sale	993	4.542
10p ordinary	Sale	1,166	4.48
10p ordinary	Sale	1,635	4.47
10p ordinary	Sale	225	4.476
10p ordinary	Sale	362	4.476
10p ordinary	Sale	1,051	4.522
10p ordinary	Sale	1,189	4.48
10p ordinary	Sale	1,190	4.532
10p ordinary	Sale	269	4.542
10p ordinary	Sale	273	4.472
10p ordinary	Sale	412	4.522
10p ordinary	Sale	450	4.476
10p ordinary	Sale	475	4.478
10p ordinary	Sale	687	4.476
10p ordinary	Sale	761	4.522
10p ordinary	Sale	798	4.478
10p ordinary	Sale	942	4.478
10p ordinary	Sale	982	4.542
10p ordinary	Sale	1,117	4.536
10p ordinary	Sale	1,118	4.532
10p ordinary	Sale	1,123	4.506
10p ordinary	Sale	1,126	4.496
10p ordinary	Sale	1,131	4.478
10p ordinary	Sale	1,147	4.488
10p ordinary	Sale	1,254	4.53
10p ordinary	Sale	1,264	4.512
10p ordinary	Sale	1,269	4.49
10p ordinary	Sale	1,276	4.47
10p ordinary	Sale	1,451	4.52
10p ordinary	Sale	1,646	4.504
10p ordinary	Sale	1,646	4.506
10p ordinary	Sale	4,442	4.472
10p ordinary	Sale	142	4.51379
10p ordinary	Sale	73,504	4.472
10p ordinary	Sale	12,882	4.472

(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	1,086	4.49850008
10p ordinary	CFD	Reducing a long position	1,268	4.50214131
10p ordinary	CFD	Reducing a long position	251	4.52920297

(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:	09/09/2024
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