Form 8.3 - Smith (DS) plc

Societe Generale SA

13 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	12/09/2024
(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:	23,859,447	1.73	263,082	0.02
(2)  Cash-settled derivatives:	68,945	0.00	2,010,595	0.15
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	23,928,392	1.73	2,273,677	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	1,383	4.56091
10p ordinary	Purchase	20	4.576
10p ordinary	Purchase	17	4.576
10p ordinary	Purchase	54	4.552
10p ordinary	Purchase	126	4.556
10p ordinary	Purchase	14	4.574
10p ordinary	Purchase	8	4.57
10p ordinary	Purchase	6	4.572
10p ordinary	Purchase	9	4.572
10p ordinary	Purchase	11,122	4.56
10p ordinary	Purchase	2,781	4.56
10p ordinary	Purchase	1	4.552
10p ordinary	Purchase	806	4.55
10p ordinary	Purchase	2,716	4.552
10p ordinary	Purchase	18	4.542
10p ordinary	Purchase	24	4.56
10p ordinary	Purchase	203	4.554
10p ordinary	Purchase	285	4.552
10p ordinary	Purchase	302	4.536
10p ordinary	Purchase	327	4.554
10p ordinary	Purchase	434	4.56
10p ordinary	Purchase	600	4.554
10p ordinary	Purchase	628	4.536
10p ordinary	Purchase	817	4.56
10p ordinary	Purchase	828	4.552
10p ordinary	Purchase	910	4.554
10p ordinary	Purchase	923	4.572
10p ordinary	Purchase	925	4.558
10p ordinary	Purchase	925	4.564
10p ordinary	Purchase	925	4.566
10p ordinary	Purchase	926	4.56
10p ordinary	Purchase	928	4.548
10p ordinary	Purchase	928	4.55
10p ordinary	Purchase	929	4.546
10p ordinary	Purchase	1,087	4.56
10p ordinary	Purchase	1,247	4.57
10p ordinary	Purchase	1,249	4.562
10p ordinary	Purchase	1,249	4.562
10p ordinary	Purchase	1,249	4.564
10p ordinary	Purchase	1,249	4.566
10p ordinary	Purchase	1,253	4.55
10p ordinary	Purchase	1,254	4.548
10p ordinary	Purchase	1,255	4.542
10p ordinary	Purchase	1,255	4.546
10p ordinary	Purchase	1,441	4.57
10p ordinary	Purchase	1,680	4.56
10p ordinary	Purchase	3,063	4.56
10p ordinary	Purchase	4,986	4.56
10p ordinary	Purchase	100	4.58568
10p ordinary	Purchase	3,825	4.56
10p ordinary	Purchase	17,301	4.56
10p ordinary	Purchase	476	4.51
10p ordinary	Purchase	403	4.51
10p ordinary	Purchase	860	4.56
10p ordinary	Purchase	1	4.55
10p ordinary	Purchase	854	4.57
10p ordinary	Purchase	99	4.552
10p ordinary	Purchase	896	4.556
10p ordinary	Purchase	854	4.566
10p ordinary	Purchase	100	4.556
10p ordinary	Purchase	230	4.542
10p ordinary	Purchase	938	4.566
10p ordinary	Purchase	938	4.564
10p ordinary	Purchase	891	4.556
10p ordinary	Purchase	100	4.554
10p ordinary	Purchase	855	4.567
10p ordinary	Purchase	102	4.556
10p ordinary	Purchase	17	4.554
10p ordinary	Purchase	879	4.554
10p ordinary	Purchase	767	4.556
10p ordinary	Purchase	900	4.556
10p ordinary	Sale	18	4.586
10p ordinary	Sale	19	4.59
10p ordinary	Sale	199	4.56
10p ordinary	Sale	18	4.584
10p ordinary	Sale	18	4.586
10p ordinary	Sale	26	4.588
10p ordinary	Sale	18	4.586
10p ordinary	Sale	38	4.588
10p ordinary	Sale	18	4.584
10p ordinary	Sale	199	4.552
10p ordinary	Sale	11	4.552
10p ordinary	Sale	10	4.59
10p ordinary	Sale	139	4.588
10p ordinary	Sale	188	4.588
10p ordinary	Sale	358	4.588
10p ordinary	Sale	469	4.582
10p ordinary	Sale	675	4.57
10p ordinary	Sale	1,012	4.584
10p ordinary	Sale	20	4.556
10p ordinary	Sale	64	4.59
10p ordinary	Sale	124	4.578
10p ordinary	Sale	370	4.574
10p ordinary	Sale	527	4.588
10p ordinary	Sale	606	4.576
10p ordinary	Sale	670	4.568
10p ordinary	Sale	716	4.588
10p ordinary	Sale	876	4.574
10p ordinary	Sale	897	4.558
10p ordinary	Sale	925	4.57
10p ordinary	Sale	927	4.572
10p ordinary	Sale	929	4.546
10p ordinary	Sale	931	4.544
10p ordinary	Sale	984	4.578
10p ordinary	Sale	1,106	4.594
10p ordinary	Sale	1,109	4.57
10p ordinary	Sale	1,113	4.564
10p ordinary	Sale	1,206	4.59
10p ordinary	Sale	1,247	4.572
10p ordinary	Sale	1,286	4.592
10p ordinary	Sale	1,286	4.594
10p ordinary	Sale	1,409	4.574
10p ordinary	Sale	1,479	4.576
10p ordinary	Sale	1,502	4.576
10p ordinary	Sale	1,502	4.578
10p ordinary	Sale	1,503	4.576
10p ordinary	Sale	1,506	4.576
10p ordinary	Sale	99	4.552
10p ordinary	Sale	66	4.57467
10p ordinary	Sale	1,762	4.56
10p ordinary	Sale	2,063	4.56
10p ordinary	Sale	3,825	4.56
10p ordinary	Sale	17,301	4.56

(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	1,383	4.56091106
10p ordinary	CFD	Increasing a long position	592	4.564805041
10p ordinary	CFD	Reducing a long position	74	4.5755344108
10p ordinary	CFD	Reducing a long position	180	4.55548322

(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:	13/09/2024
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