Form 8.3 - Smith (DS) plc

Societe Generale SA

16 October 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	15/10/2024
(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:	23,554,817	1.71	235,548	0.02
(2)  Cash-settled derivatives:	8,635	0.00	1,590,595	0.12
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	23,563,452	1.71	1,826,143	0.13

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	4.75
10p ordinary	Purchase	200	4.75
10p ordinary	Purchase	237	4.75
10p ordinary	Purchase	320	4.75
10p ordinary	Purchase	356	4.75
10p ordinary	Purchase	104	4.66
10p ordinary	Purchase	1,068	4.684
10p ordinary	Purchase	1,074	4.658
10p ordinary	Purchase	1,075	4.65
10p ordinary	Purchase	1,075	4.65
10p ordinary	Purchase	2,000	4.72
10p ordinary	Purchase	15,283	4.66
10p ordinary	Purchase	15,564	4.66
10p ordinary	Purchase	19,516	4.65
10p ordinary	Purchase	95	4.68937
10p ordinary	Purchase	37	4.66
10p ordinary	Purchase	281	4.66
10p ordinary	Purchase	550	4.66
10p ordinary	Purchase	656	4.66
10p ordinary	Purchase	984	4.66
10p ordinary	Purchase	6,522	4.66
10p ordinary	Purchase	7,738	4.66
10p ordinary	Purchase	11,625	4.66
10p ordinary	Purchase	19,648	4.66
10p ordinary	Purchase	19,648	4.66
10p ordinary	Sale	400,000	4.67
10p ordinary	Sale	197	4.698
10p ordinary	Sale	70	4.66
10p ordinary	Sale	45	4.696
10p ordinary	Sale	70	4.702
10p ordinary	Sale	25	4.654
10p ordinary	Sale	10	4.664
10p ordinary	Sale	55,674	4.6725
10p ordinary	Sale	5,567	4.66
10p ordinary	Sale	465	4.662
10p ordinary	Sale	660	4.69
10p ordinary	Sale	715	4.672
10p ordinary	Sale	92	4.668
10p ordinary	Sale	129	4.668
10p ordinary	Sale	158	4.646
10p ordinary	Sale	169	4.672
10p ordinary	Sale	170	4.646
10p ordinary	Sale	183	4.674
10p ordinary	Sale	184	4.674
10p ordinary	Sale	188	4.666
10p ordinary	Sale	210	4.67
10p ordinary	Sale	229	4.648
10p ordinary	Sale	229	4.666
10p ordinary	Sale	247	4.644
10p ordinary	Sale	251	4.644
10p ordinary	Sale	260	4.644
10p ordinary	Sale	274	4.644
10p ordinary	Sale	285	4.67
10p ordinary	Sale	308	4.674
10p ordinary	Sale	338	4.666
10p ordinary	Sale	370	4.674
10p ordinary	Sale	401	4.666
10p ordinary	Sale	437	4.672
10p ordinary	Sale	450	4.64
10p ordinary	Sale	474	4.638
10p ordinary	Sale	497	4.674
10p ordinary	Sale	501	4.662
10p ordinary	Sale	517	4.678
10p ordinary	Sale	522	4.67
10p ordinary	Sale	529	4.648
10p ordinary	Sale	530	4.678
10p ordinary	Sale	605	4.642
10p ordinary	Sale	678	4.674
10p ordinary	Sale	721	4.648
10p ordinary	Sale	723	4.646
10p ordinary	Sale	782	4.666
10p ordinary	Sale	798	4.668
10p ordinary	Sale	955	4.67
10p ordinary	Sale	1,271	4.668
10p ordinary	Sale	1,296	4.672
10p ordinary	Sale	1,642	4.648
10p ordinary	Sale	636	4.674
10p ordinary	Sale	37	4.686
10p ordinary	Sale	117	4.688
10p ordinary	Sale	221	4.662
10p ordinary	Sale	338	4.67
10p ordinary	Sale	609	4.672
10p ordinary	Sale	690	4.66
10p ordinary	Sale	737	4.67
10p ordinary	Sale	756	4.672
10p ordinary	Sale	768	4.636
10p ordinary	Sale	925	4.66
10p ordinary	Sale	988	4.66
10p ordinary	Sale	1,017	4.658
10p ordinary	Sale	1,074	4.664
10p ordinary	Sale	1,074	4.666
10p ordinary	Sale	1,074	4.668
10p ordinary	Sale	1,075	4.66
10p ordinary	Sale	1,075	4.66
10p ordinary	Sale	1,076	4.66
10p ordinary	Sale	1,077	4.656
10p ordinary	Sale	1,077	4.658
10p ordinary	Sale	1,080	4.64
10p ordinary	Sale	1,085	4.688
10p ordinary	Sale	1,125	4.64
10p ordinary	Sale	1,166	4.686
10p ordinary	Sale	1,207	4.664
10p ordinary	Sale	1,207	4.664
10p ordinary	Sale	1,207	4.664
10p ordinary	Sale	1,207	4.666
10p ordinary	Sale	1,208	4.666
10p ordinary	Sale	1,209	4.656
10p ordinary	Sale	1,209	4.658
10p ordinary	Sale	1,211	4.65
10p ordinary	Sale	1,215	4.636
10p ordinary	Sale	1,243	4.666
10p ordinary	Sale	1,346	4.658
10p ordinary	Sale	2,000	4.66
10p ordinary	Sale	8,864	4.636
10p ordinary	Sale	42,372	4.66
10p ordinary	Sale	19,648	4.66
10p ordinary	Sale	19,648	4.66

(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	382	4.6908303013
10p ordinary	CFD	Reducing a short position	400,000	4.67
10p ordinary	CFD	Increasing a long position	35	4.6554600858

(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:	16/10/2024
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