Form 8.3 - Smith (DS) plc

Societe Generale SA

21 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	18/10/2024
(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:	23,405,274	1.70	20,421	0.00
(2)  Cash-settled derivatives:	6,948	0.00	1,521,084	0.11
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	23,412,222	1.70	1,541,505	0.11

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	1,033	4.512
10p ordinary	Purchase	1,519	4.488
10p ordinary	Purchase	1,107	4.586
10p ordinary	Purchase	116	4.586
10p ordinary	Purchase	1,239	4.532
10p ordinary	Purchase	1,101	4.53
10p ordinary	Purchase	410	4.518
10p ordinary	Purchase	1,225	4.582
10p ordinary	Purchase	1,519	4.486
10p ordinary	Purchase	634	4.592
10p ordinary	Purchase	1,223	4.586
10p ordinary	Purchase	116	4.508
10p ordinary	Purchase	1,223	4.586
10p ordinary	Purchase	278	4.508
10p ordinary	Purchase	545	4.506
10p ordinary	Purchase	48	4.506
10p ordinary	Purchase	1,228	4.572
10p ordinary	Purchase	490	4.506
10p ordinary	Purchase	712	4.508
10p ordinary	Purchase	24	4.506
10p ordinary	Purchase	1,220	4.598
10p ordinary	Purchase	522	4.484
10p ordinary	Purchase	592	4.484
10p ordinary	Purchase	1,242	4.52
10p ordinary	Purchase	941	4.52
10p ordinary	Purchase	1,105	4.516
10p ordinary	Purchase	382	4.552
10p ordinary	Purchase	136	4.552
10p ordinary	Purchase	231	4.552
10p ordinary	Purchase	280	4.552
10p ordinary	Purchase	742	4.552
10p ordinary	Purchase	163	4.552
10p ordinary	Purchase	257	4.552
10p ordinary	Purchase	704	4.502
10p ordinary	Purchase	497	4.502
10p ordinary	Purchase	588	4.502
10p ordinary	Purchase	97	4.502
10p ordinary	Purchase	286	4.502
10p ordinary	Purchase	1,116	4.476
10p ordinary	Purchase	206	4.58
10p ordinary	Purchase	269	4.486
10p ordinary	Purchase	32	4.486
10p ordinary	Purchase	118	4.486
10p ordinary	Purchase	693	4.486
10p ordinary	Purchase	385	4.488
10p ordinary	Purchase	865	4.488
10p ordinary	Purchase	646	4.482
10p ordinary	Purchase	2,073	4.488
10p ordinary	Purchase	1,113	4.488
10p ordinary	Purchase	614	4.488
10p ordinary	Purchase	1,105	4.516
10p ordinary	Purchase	473	4.488
10p ordinary	Purchase	1,241	4.522
10p ordinary	Purchase	506	4.484
10p ordinary	Purchase	1,250	4.498
10p ordinary	Purchase	1,116	4.476
10p ordinary	Purchase	1,111	4.496
10p ordinary	Purchase	616	4.496
10p ordinary	Purchase	1,308	4.496
10p ordinary	Purchase	692	4.496
10p ordinary	Purchase	1,113	4.49
10p ordinary	Purchase	970	4.49
10p ordinary	Purchase	1,089	4.572
10p ordinary	Purchase	1,394	4.498
10p ordinary	Purchase	132	4.498
10p ordinary	Purchase	246	4.498
10p ordinary	Purchase	1,242	4.52
10p ordinary	Purchase	1,093	4.564
10p ordinary	Purchase	1,106	4.51
10p ordinary	Purchase	641	4.512
10p ordinary	Purchase	1,244	4.514
10p ordinary	Purchase	1,106	4.512
10p ordinary	Purchase	603	4.512
10p ordinary	Purchase	1,104	4.516
10p ordinary	Purchase	1,107	4.506
10p ordinary	Purchase	1,224	4.576
10p ordinary	Purchase	588	4.592
10p ordinary	Purchase	187	4.486
10p ordinary	Purchase	1,519	4.486
10p ordinary	Purchase	1,247	4.508
10p ordinary	Purchase	973	4.512
10p ordinary	Purchase	1,243	4.514
10p ordinary	Purchase	1,243	4.516
10p ordinary	Purchase	1,105	4.514
10p ordinary	Purchase	133	4.512
10p ordinary	Purchase	598	4.536
10p ordinary	Purchase	1,197	4.502
10p ordinary	Purchase	52	4.502
10p ordinary	Purchase	1,237	4.538
10p ordinary	Purchase	201	4.536
10p ordinary	Purchase	1,109	4.502
10p ordinary	Purchase	1,250	4.496
10p ordinary	Purchase	1,238	4.534
10p ordinary	Purchase	474	4.51
10p ordinary	Purchase	772	4.51
10p ordinary	Purchase	1,239	4.532
10p ordinary	Purchase	1,244	4.516
10p ordinary	Purchase	1,105	4.516
10p ordinary	Purchase	1,113	4.49
10p ordinary	Purchase	430	4.484
10p ordinary	Purchase	506	4.484
10p ordinary	Purchase	1,244	4.512
10p ordinary	Purchase	679	4.51
10p ordinary	Purchase	1,103	4.522
10p ordinary	Purchase	427	4.51
10p ordinary	Purchase	1,102	4.524
10p ordinary	Purchase	1,103	4.52
10p ordinary	Purchase	1,519	4.48
10p ordinary	Purchase	2,106	4.47
10p ordinary	Purchase	2,783	4.47
10p ordinary	Purchase	662	4.47
10p ordinary	Purchase	16,832	4.47
10p ordinary	Purchase	17,930	4.47
10p ordinary	Purchase	677	4.47
10p ordinary	Purchase	18,379	4.47
10p ordinary	Purchase	24,741	4.47
10p ordinary	Purchase	5,567	4.47
10p ordinary	Purchase	2,783	4.47
10p ordinary	Purchase	4,588	4.47
10p ordinary	Purchase	5,567	4.47
10p ordinary	Purchase	476	4.49
10p ordinary	Purchase	217	4.49
10p ordinary	Purchase	99	4.534
10p ordinary	Purchase	106	4.534
10p ordinary	Purchase	359	4.534
10p ordinary	Purchase	324	4.534
10p ordinary	Purchase	97	4.534
10p ordinary	Purchase	111	4.534
10p ordinary	Purchase	142	4.534
10p ordinary	Purchase	106	4.534
10p ordinary	Purchase	211	4.52
10p ordinary	Purchase	398	4.52
10p ordinary	Purchase	575	4.52
10p ordinary	Purchase	136	4.52
10p ordinary	Purchase	479	4.49
10p ordinary	Purchase	218	4.49
10p ordinary	Purchase	172	4.484
10p ordinary	Purchase	427	4.484
10p ordinary	Purchase	237	4.568
10p ordinary	Purchase	321	4.568
10p ordinary	Purchase	191	4.568
10p ordinary	Purchase	44	4.486
10p ordinary	Purchase	358	4.486
10p ordinary	Purchase	387	4.486
10p ordinary	Purchase	274	4.48
10p ordinary	Purchase	37	4.48
10p ordinary	Purchase	40	4.48
10p ordinary	Purchase	197	4.48
10p ordinary	Purchase	394	4.48
10p ordinary	Purchase	354	4.48
10p ordinary	Purchase	385	4.552
10p ordinary	Purchase	22	4.552
10p ordinary	Purchase	401	4.552
10p ordinary	Purchase	379	4.552
10p ordinary	Purchase	676	4.488
10p ordinary	Purchase	662	4.49
10p ordinary	Purchase	140	4.482
10p ordinary	Purchase	150	4.482
10p ordinary	Purchase	397	4.482
10p ordinary	Purchase	137	4.482
10p ordinary	Purchase	166	4.482
10p ordinary	Purchase	299	4.48
10p ordinary	Purchase	132	4.48
10p ordinary	Purchase	588	4.498
10p ordinary	Purchase	173	4.48
10p ordinary	Purchase	1,597	4.52
10p ordinary	Purchase	361	4.52
10p ordinary	Purchase	292	4.498
10p ordinary	Purchase	694	4.5
10p ordinary	Purchase	477	4.5
10p ordinary	Purchase	606	4.498
10p ordinary	Purchase	341	4.498
10p ordinary	Purchase	600	4.5
10p ordinary	Purchase	236	4.5
10p ordinary	Purchase	778	4.492
10p ordinary	Purchase	589	4.504
10p ordinary	Purchase	106	4.534
10p ordinary	Purchase	321	4.534
10p ordinary	Purchase	327	4.476
10p ordinary	Purchase	140	4.476
10p ordinary	Purchase	497	4.494
10p ordinary	Purchase	382	4.486
10p ordinary	Purchase	207	4.486
10p ordinary	Purchase	681	4.498
10p ordinary	Purchase	561	4.512
10p ordinary	Purchase	380	4.482
10p ordinary	Purchase	266	4.482
10p ordinary	Purchase	204	4.482
10p ordinary	Purchase	183	4.482
10p ordinary	Purchase	403	4.514
10p ordinary	Purchase	474	4.514
10p ordinary	Purchase	171	4.514
10p ordinary	Purchase	180	4.482
10p ordinary	Purchase	440	4.482
10p ordinary	Purchase	380	4.494
10p ordinary	Purchase	118	4.494
10p ordinary	Purchase	351	4.494
10p ordinary	Purchase	193	4.494
10p ordinary	Purchase	411	4.494
10p ordinary	Purchase	196	4.534
10p ordinary	Purchase	483	4.504
10p ordinary	Purchase	490	4.5
10p ordinary	Purchase	83	4.518
10p ordinary	Purchase	610	4.498
10p ordinary	Purchase	2,783	4.47
10p ordinary	Purchase	5,567	4.47
10p ordinary	Purchase	520	4.486
10p ordinary	Purchase	186	4.482
10p ordinary	Purchase	25	4.482
10p ordinary	Purchase	332	4.482
10p ordinary	Purchase	476	4.52
10p ordinary	Purchase	588	4.5
10p ordinary	Purchase	372	4.5
10p ordinary	Purchase	606	4.498
10p ordinary	Purchase	1,514	4.498
10p ordinary	Purchase	188	4.52
10p ordinary	Purchase	355	4.518
10p ordinary	Purchase	88	4.47
10p ordinary	Purchase	2,683	4.566
10p ordinary	Purchase	2,644	4.562
10p ordinary	Purchase	6,613	4.47
10p ordinary	Purchase	2,585	4.582
10p ordinary	Purchase	20	4.594
10p ordinary	Purchase	2,659	4.568
10p ordinary	Purchase	53	4.596
10p ordinary	Purchase	166	4.596
10p ordinary	Purchase	159	4.596
10p ordinary	Purchase	46	4.586
10p ordinary	Purchase	35	4.59
10p ordinary	Purchase	2,700	4.532
10p ordinary	Sale	1,085	4.47
10p ordinary	Sale	2,783	4.596
10p ordinary	Sale	5,567	4.596
10p ordinary	Sale	5,567	4.596
10p ordinary	Sale	278	4.594
10p ordinary	Sale	2,671	4.513
10p ordinary	Sale	2,739	4.514
10p ordinary	Sale	619	4.526
10p ordinary	Sale	109	4.526
10p ordinary	Sale	131	4.526
10p ordinary	Sale	1,135	4.526
10p ordinary	Sale	3,040	4.516
10p ordinary	Sale	4,841	4.516
10p ordinary	Sale	1,311	4.537
10p ordinary	Sale	1,103	4.537
10p ordinary	Sale	1,129	4.537
10p ordinary	Sale	1,620	4.537
10p ordinary	Sale	1,157	4.537
10p ordinary	Sale	498	4.562
10p ordinary	Sale	441	4.558
10p ordinary	Sale	2,781	4.562
10p ordinary	Sale	109	4.558
10p ordinary	Sale	138	4.558
10p ordinary	Sale	3,320	4.559
10p ordinary	Sale	227	4.558
10p ordinary	Sale	1,429	4.558
10p ordinary	Sale	443	4.559
10p ordinary	Sale	1,213	4.559
10p ordinary	Sale	494	4.562
10p ordinary	Sale	1,585	4.562
10p ordinary	Sale	959	4.558
10p ordinary	Sale	136	4.55
10p ordinary	Sale	1,099	4.55
10p ordinary	Sale	141	4.55
10p ordinary	Sale	141	4.55
10p ordinary	Sale	163	4.55
10p ordinary	Sale	2,508	4.55
10p ordinary	Sale	473	4.518
10p ordinary	Sale	1,052	4.518
10p ordinary	Sale	112	4.522
10p ordinary	Sale	194	4.522
10p ordinary	Sale	315	4.52
10p ordinary	Sale	351	4.519
10p ordinary	Sale	109	4.519
10p ordinary	Sale	670	4.519
10p ordinary	Sale	230	4.519
10p ordinary	Sale	72	4.519
10p ordinary	Sale	100	4.522
10p ordinary	Sale	100	4.522
10p ordinary	Sale	986	4.518
10p ordinary	Sale	1,585	4.518
10p ordinary	Sale	141	4.55
10p ordinary	Sale	1,657	4.553
10p ordinary	Sale	1,405	4.553
10p ordinary	Sale	1,585	4.553
10p ordinary	Sale	360	4.554
10p ordinary	Sale	2,683	4.566
10p ordinary	Sale	2,644	4.562
10p ordinary	Sale	1,188	4.569
10p ordinary	Sale	123	4.566
10p ordinary	Sale	3,179	4.538
10p ordinary	Sale	1,102	4.538
10p ordinary	Sale	1,040	4.538
10p ordinary	Sale	5,510	4.538
10p ordinary	Sale	347	4.538
10p ordinary	Sale	133	4.538
10p ordinary	Sale	347	4.541
10p ordinary	Sale	379	4.538
10p ordinary	Sale	39	4.538
10p ordinary	Sale	142	4.538
10p ordinary	Sale	75	4.552
10p ordinary	Sale	2,606	4.55
10p ordinary	Sale	1,616	4.551
10p ordinary	Sale	366	4.552
10p ordinary	Sale	807	4.546
10p ordinary	Sale	34,043	4.546
10p ordinary	Sale	1,100	4.546
10p ordinary	Sale	1,500	4.548
10p ordinary	Sale	1,610	4.546
10p ordinary	Sale	807	4.546
10p ordinary	Sale	554	4.55
10p ordinary	Sale	116	4.55
10p ordinary	Sale	1,500	4.548
10p ordinary	Sale	139	4.55
10p ordinary	Sale	233	4.55
10p ordinary	Sale	1,500	4.566
10p ordinary	Sale	782	4.537
10p ordinary	Sale	968	4.54
10p ordinary	Sale	112	4.548
10p ordinary	Sale	1,500	4.55
10p ordinary	Sale	236	4.55
10p ordinary	Sale	695	4.548
10p ordinary	Sale	133	4.537
10p ordinary	Sale	372	4.55
10p ordinary	Sale	1,585	4.55
10p ordinary	Sale	6,613	4.47
10p ordinary	Sale	1,585	4.572
10p ordinary	Sale	151	4.531
10p ordinary	Sale	495	4.532
10p ordinary	Sale	1,400	4.531
10p ordinary	Sale	1,585	4.526
10p ordinary	Sale	2,585	4.582
10p ordinary	Sale	3,949	4.538
10p ordinary	Sale	1,525	4.538
10p ordinary	Sale	695	4.536
10p ordinary	Sale	147	4.536
10p ordinary	Sale	439	4.537
10p ordinary	Sale	106	4.55
10p ordinary	Sale	127	4.55
10p ordinary	Sale	1,645	4.513
10p ordinary	Sale	1,505	4.514
10p ordinary	Sale	953	4.57
10p ordinary	Sale	1,015	4.573
10p ordinary	Sale	2,659	4.568
10p ordinary	Sale	1,343	4.573
10p ordinary	Sale	1,154	4.568
10p ordinary	Sale	1,182	4.568
10p ordinary	Sale	1,561	4.538
10p ordinary	Sale	342	4.536
10p ordinary	Sale	587	4.537
10p ordinary	Sale	347	4.54
10p ordinary	Sale	152	4.54
10p ordinary	Sale	1,500	4.566
10p ordinary	Sale	139	4.566
10p ordinary	Sale	253	4.566
10p ordinary	Sale	138	4.566
10p ordinary	Sale	191	4.566
10p ordinary	Sale	252	4.566
10p ordinary	Sale	3,333	4.567
10p ordinary	Sale	532	4.566
10p ordinary	Sale	3,334	4.566
10p ordinary	Sale	340	4.566
10p ordinary	Sale	391	4.566
10p ordinary	Sale	119	4.566
10p ordinary	Sale	3,333	4.567
10p ordinary	Sale	649	4.567
10p ordinary	Sale	2,643	4.564
10p ordinary	Sale	619	4.584
10p ordinary	Sale	2,657	4.556
10p ordinary	Sale	2,861	4.567
10p ordinary	Sale	2,700	4.532
10p ordinary	Sale	1,585	4.533
10p ordinary	Sale	1,311	4.537

(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	88	4.47
10p ordinary	CFD	Reducing a long position	20	4.594
10p ordinary	CFD	Reducing a long position	53	4.596
10p ordinary	CFD	Reducing a long position	166	4.596
10p ordinary	CFD	Reducing a long position	159	4.596
10p ordinary	CFD	Reducing a long position	46	4.586
10p ordinary	CFD	Reducing a long position	35	4.59

(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:	21/10/2024
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