Form 8.3 - Smith (DS) plc

Societe Generale SA

08 November 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	07/11/2024
(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:	38,445,750	2.78	123,610	0.01
(2)  Cash-settled derivatives:	5,739	0.00	1,221,084	0.09
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	38,451,489	2.79	1,344,694	0.10

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	14	5.665
10p ordinary	Purchase	40	5.665
10p ordinary	Purchase	13	5.67
10p ordinary	Purchase	24	5.665
10p ordinary	Purchase	13	5.6725
10p ordinary	Purchase	13	5.67
10p ordinary	Purchase	5	5.68
10p ordinary	Purchase	13	5.68
10p ordinary	Purchase	1	5.88
10p ordinary	Purchase	556	5.88
10p ordinary	Purchase	5,567	5.7
10p ordinary	Purchase	280	5.695
10p ordinary	Purchase	359	5.695
10p ordinary	Purchase	430	5.71
10p ordinary	Purchase	441	5.695
10p ordinary	Purchase	741	5.71
10p ordinary	Purchase	863	5.71
10p ordinary	Purchase	874	5.715
10p ordinary	Purchase	877	5.695
10p ordinary	Purchase	885	5.645
10p ordinary	Purchase	985	5.71
10p ordinary	Purchase	1,161	5.705
10p ordinary	Purchase	1,841	5.71
10p ordinary	Purchase	2,066	5.6725
10p ordinary	Purchase	2,132	5.71
10p ordinary	Purchase	2,872	5.71
10p ordinary	Purchase	4,338	5.7
10p ordinary	Purchase	300	5.665
10p ordinary	Purchase	261	5.665
10p ordinary	Purchase	138	5.71
10p ordinary	Purchase	1,208	5.7
10p ordinary	Purchase	1,551	5.7
10p ordinary	Purchase	3,448	5.7
10p ordinary	Purchase	3,454	5.7
10p ordinary	Purchase	4,435	5.7
10p ordinary	Purchase	5,567	5.7
10p ordinary	Purchase	5,567	5.7
10p ordinary	Purchase	5,567	5.7
10p ordinary	Purchase	8,216	5.7
10p ordinary	Purchase	10,023	5.7
10p ordinary	Purchase	11,836	5.7
10p ordinary	Purchase	28,331	5.7
10p ordinary	Purchase	2,113	5.7
10p ordinary	Purchase	7,843,883	5.88
10p ordinary	Sale	138	5.71
10p ordinary	Sale	58	5.71
10p ordinary	Sale	48	5.7
10p ordinary	Sale	2	5.71
10p ordinary	Sale	503	5.71
10p ordinary	Sale	338	5.705
10p ordinary	Sale	424	5.705
10p ordinary	Sale	431	5.705
10p ordinary	Sale	466	5.705
10p ordinary	Sale	472	5.705
10p ordinary	Sale	475	5.705
10p ordinary	Sale	24	5.69
10p ordinary	Sale	106	5.735
10p ordinary	Sale	218	5.69
10p ordinary	Sale	222	5.715
10p ordinary	Sale	237	5.72
10p ordinary	Sale	307	5.67
10p ordinary	Sale	333	5.67
10p ordinary	Sale	352	5.67
10p ordinary	Sale	392	5.745
10p ordinary	Sale	430	5.69
10p ordinary	Sale	479	5.745
10p ordinary	Sale	558	5.69
10p ordinary	Sale	638	5.705
10p ordinary	Sale	771	5.69
10p ordinary	Sale	847	5.705
10p ordinary	Sale	873	5.735
10p ordinary	Sale	875	5.72
10p ordinary	Sale	876	5.71
10p ordinary	Sale	876	5.715
10p ordinary	Sale	876	5.735
10p ordinary	Sale	877	5.715
10p ordinary	Sale	879	5.69
10p ordinary	Sale	983	5.71
10p ordinary	Sale	984	5.71
10p ordinary	Sale	985	5.71
10p ordinary	Sale	985	5.715
10p ordinary	Sale	986	5.715
10p ordinary	Sale	987	5.7
10p ordinary	Sale	987	5.705
10p ordinary	Sale	987	5.71
10p ordinary	Sale	988	5.695
10p ordinary	Sale	988	5.705
10p ordinary	Sale	988	5.71
10p ordinary	Sale	990	5.68
10p ordinary	Sale	992	5.67
10p ordinary	Sale	1,212	5.67
10p ordinary	Sale	1,324	5.71
10p ordinary	Sale	1,452	5.705
10p ordinary	Sale	2,710	5.71
10p ordinary	Sale	3,200	5.715
10p ordinary	Sale	14,063	5.7
10p ordinary	Sale	990	5.675
10p ordinary	Sale	719	5.67
10p ordinary	Sale	27	5.66741
10p ordinary	Sale	3	5.88
10p ordinary	Sale	280	5.88
10p ordinary	Sale	56	5.88
10p ordinary	Sale	97	5.88
10p ordinary	Sale	382	5.88
10p ordinary	Sale	64	5.88
10p ordinary	Sale	2,113	5.7
10p ordinary	Sale	300	5.665
10p ordinary	Sale	261	5.665

(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	14	5.665
10p ordinary	CFD	Reducing a long position	40	5.665
10p ordinary	CFD	Reducing a long position	13	5.67
10p ordinary	CFD	Reducing a long position	24	5.665
10p ordinary	CFD	Reducing a long position	13	5.6725
10p ordinary	CFD	Reducing a long position	13	5.67
10p ordinary	CFD	Reducing a long position	5	5.68
10p ordinary	CFD	Reducing a long position	13	5.68
10p ordinary	CFD	Increasing a long position	138	5.71
10p ordinary	CFD	Increasing a long position	58	5.71
10p ordinary	CFD	Increasing a long position	48	5.7

(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:	08/11/2024
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