Form 8.3 - Smith (DS) plc

Societe Generale SA

20 January 2025

 

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	17/01/2025
(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:	29,903,428	2.17	623,528	0.05
(2)  Cash-settled derivatives:	2,474,586	0.18	6,374,158	0.46
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	32,378,014	2.35	6,997,686	0.51

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	250,000	5.8981
10p ordinary	Purchase	31,500	5.8939
10p ordinary	Purchase	151	5.895
10p ordinary	Purchase	55,753	5.91
10p ordinary	Purchase	210	5.875
10p ordinary	Purchase	348	5.875
10p ordinary	Purchase	558	5.875
10p ordinary	Purchase	558	5.875
10p ordinary	Purchase	558	5.875
10p ordinary	Purchase	613	5.865
10p ordinary	Purchase	865	5.895
10p ordinary	Purchase	956	5.87
10p ordinary	Purchase	1,064	5.87
10p ordinary	Purchase	1,115	5.875
10p ordinary	Purchase	1,254	5.895
10p ordinary	Purchase	1,394	5.875
10p ordinary	Purchase	1,394	5.875
10p ordinary	Purchase	1,394	5.875
10p ordinary	Purchase	1,678	5.87
10p ordinary	Purchase	1,877	5.87
10p ordinary	Purchase	1,923	5.895
10p ordinary	Purchase	2,394	5.875
10p ordinary	Purchase	3,181	5.875
10p ordinary	Purchase	4,321	5.895
10p ordinary	Purchase	15	5.915
10p ordinary	Purchase	157	5.885
10p ordinary	Purchase	217	5.885
10p ordinary	Purchase	468	5.91
10p ordinary	Purchase	616	5.915
10p ordinary	Purchase	865	5.91
10p ordinary	Purchase	77	5.87
10p ordinary	Purchase	81	5.87
10p ordinary	Purchase	370	5.905
10p ordinary	Purchase	858	5.905
10p ordinary	Purchase	860	5.89
10p ordinary	Purchase	861	5.885
10p ordinary	Purchase	862	5.875
10p ordinary	Purchase	862	5.88
10p ordinary	Purchase	863	5.87
10p ordinary	Purchase	863	5.875
10p ordinary	Purchase	1,274	5.885
10p ordinary	Purchase	1,369	5.895
10p ordinary	Purchase	1,493	5.87
10p ordinary	Purchase	1,855	5.87
10p ordinary	Purchase	1,869	5.91
10p ordinary	Purchase	2,000	5.87
10p ordinary	Purchase	2,493	5.89
10p ordinary	Purchase	3,040	5.885
10p ordinary	Purchase	5,210	5.885
10p ordinary	Purchase	5,210	5.895
10p ordinary	Purchase	36,704	5.88
10p ordinary	Purchase	496	5.9
10p ordinary	Purchase	544	5.87118
10p ordinary	Purchase	28,027	5.895
10p ordinary	Purchase	15,048	5.895
10p ordinary	Sale	21,329	5.8938
10p ordinary	Sale	25,159	5.8938
10p ordinary	Sale	56	5.875
10p ordinary	Sale	116	5.88
10p ordinary	Sale	84	5.87
10p ordinary	Sale	72	5.875
10p ordinary	Sale	79	5.885
10p ordinary	Sale	332	5.87
10p ordinary	Sale	52	5.885
10p ordinary	Sale	9	5.845
10p ordinary	Sale	26	5.895
10p ordinary	Sale	57	5.895
10p ordinary	Sale	60	5.895
10p ordinary	Sale	87	5.895
10p ordinary	Sale	165	5.845
10p ordinary	Sale	189	5.895
10p ordinary	Sale	211	5.895
10p ordinary	Sale	384	5.845
10p ordinary	Sale	519	5.895
10p ordinary	Sale	694	5.895
10p ordinary	Sale	814	5.895
10p ordinary	Sale	1,601	5.895
10p ordinary	Sale	1,806	5.895
10p ordinary	Sale	1,851	5.895
10p ordinary	Sale	2,006	5.895
10p ordinary	Sale	2,008	5.895
10p ordinary	Sale	2,643	5.895
10p ordinary	Sale	2,788	5.895
10p ordinary	Sale	2,875	5.895
10p ordinary	Sale	2,929	5.895
10p ordinary	Sale	3,030	5.895
10p ordinary	Sale	3,119	5.895
10p ordinary	Sale	3,356	5.895
10p ordinary	Sale	3,569	5.895
10p ordinary	Sale	5,575	5.895
10p ordinary	Sale	5,575	5.895
10p ordinary	Sale	5,575	5.895
10p ordinary	Sale	5,575	5.895
10p ordinary	Sale	5,575	5.895
10p ordinary	Sale	5,575	5.895
10p ordinary	Sale	5,575	5.895
10p ordinary	Sale	289	5.9
10p ordinary	Sale	417	5.9
10p ordinary	Sale	868	5.88
10p ordinary	Sale	111	5.88
10p ordinary	Sale	857	5.925
10p ordinary	Sale	867	5.86
10p ordinary	Sale	870	5.845
10p ordinary	Sale	870	5.85
10p ordinary	Sale	870	5.855
10p ordinary	Sale	870	5.86
10p ordinary	Sale	1,655	5.88
10p ordinary	Sale	603	5.895
10p ordinary	Sale	2,166	5.895
10p ordinary	Sale	2,475	5.895
10p ordinary	Sale	5,197	5.895
10p ordinary	Sale	6,502	5.895
10p ordinary	Sale	58,679	5.895
10p ordinary	Sale	707	5.91
10p ordinary	Sale	370	5.9
10p ordinary	Sale	372	5.91
10p ordinary	Sale	775	5.925
10p ordinary	Sale	530	5.91
10p ordinary	Sale	627	5.9
10p ordinary	Sale	896	5.91
10p ordinary	Sale	297	5.91
10p ordinary	Sale	503	5.91
10p ordinary	Sale	706	5.915
10p ordinary	Sale	720	5.9175
10p ordinary	Sale	161	5.9275
10p ordinary	Sale	929	5.905
10p ordinary	Sale	903	5.8975
10p ordinary	Sale	294	5.915
10p ordinary	Sale	571	5.9275
10p ordinary	Sale	71	5.905
10p ordinary	Sale	714	5.9275
10p ordinary	Sale	296	5.9
10p ordinary	Sale	772	5.9075
10p ordinary	Sale	718	5.91
10p ordinary	Sale	502	5.9
10p ordinary	Sale	496	5.9
10p ordinary	Sale	711	5.9075
10p ordinary	Sale	1,001	5.905
10p ordinary	Sale	747	5.915
10p ordinary	Sale	102	5.91
10p ordinary	Sale	794	5.9075
10p ordinary	Sale	800	5.885
10p ordinary	Sale	897	5.91
10p ordinary	Sale	28,027	5.895
10p ordinary	Sale	15,048	5.895
10p ordinary	Sale	1	5.875
10p ordinary	Sale	1	5.875
10p ordinary	Sale	2	5.87
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.875
10p ordinary	Sale	2	5.88
10p ordinary	Sale	2	5.88
10p ordinary	Sale	2	5.88
10p ordinary	Sale	2	5.88
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.875
10p ordinary	Sale	7	5.88
10p ordinary	Sale	7	5.88
10p ordinary	Sale	8	5.875
10p ordinary	Sale	8	5.875
10p ordinary	Sale	8	5.875
10p ordinary	Sale	8	5.875
10p ordinary	Sale	8	5.875
10p ordinary	Sale	8	5.875
10p ordinary	Sale	9	5.875
10p ordinary	Sale	9	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	10	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	11	5.875
10p ordinary	Sale	26	5.87
10p ordinary	Sale	26	5.87
10p ordinary	Sale	41	5.875
10p ordinary	Sale	41	5.875

(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 short position	250,000	5.8981
10p ordinary	CFD	Increasing a short position	31,500	5.8939
10p ordinary	CFD	Reducing a long position	151	5.895
10p ordinary	CFD	Increasing a long position	21,329	5.8938
10p ordinary	CFD	Increasing a long position	25,159	5.8938
10p ordinary	CFD	Increasing a long position	56	5.875
10p ordinary	CFD	Increasing a long position	116	5.88
10p ordinary	CFD	Increasing a long position	84	5.87
10p ordinary	CFD	Increasing a long position	72	5.875
10p ordinary	CFD	Increasing a long position	79	5.885
10p ordinary	CFD	Increasing a long position	332	5.87
10p ordinary	CFD	Increasing a long position	52	5.885

(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:	20/01/2025
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