Form 8.3 - Smith (DS) plc

Societe Generale SA

22 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	21/10/2024
(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:	23,019,122	1.67	101,718	0.01
(2)  Cash-settled derivatives:	7,182	0.00	1,148,631	0.08
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	23,026,304	1.67	1,250,349	0.09

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	127,547	4.51
10p ordinary	Purchase	17	4.534
10p ordinary	Purchase	17	4.534
10p ordinary	Purchase	17	4.534
10p ordinary	Purchase	17	4.536
10p ordinary	Purchase	17	4.534
10p ordinary	Purchase	20	4.532
10p ordinary	Purchase	12	4.534
10p ordinary	Purchase	19	4.534
10p ordinary	Purchase	17	4.536
10p ordinary	Purchase	17	4.534
10p ordinary	Purchase	1,392	4.576
10p ordinary	Purchase	166	4.556
10p ordinary	Purchase	180	4.556
10p ordinary	Purchase	343	4.564
10p ordinary	Purchase	392	4.56
10p ordinary	Purchase	459	4.556
10p ordinary	Purchase	563	4.56
10p ordinary	Purchase	934	4.566
10p ordinary	Purchase	968	4.554
10p ordinary	Purchase	1,000	4.568
10p ordinary	Purchase	1,098	4.554
10p ordinary	Purchase	1,234	4.566
10p ordinary	Purchase	1,236	4.564
10p ordinary	Purchase	1,570	4.554
10p ordinary	Purchase	1,617	4.55
10p ordinary	Purchase	1,617	4.55
10p ordinary	Purchase	1,617	4.552
10p ordinary	Purchase	1,617	4.554
10p ordinary	Purchase	1,617	4.554
10p ordinary	Purchase	1,617	4.558
10p ordinary	Purchase	2,000	4.564
10p ordinary	Purchase	2,000	4.564
10p ordinary	Purchase	2,023	4.554
10p ordinary	Purchase	2,023	4.564
10p ordinary	Purchase	2,023	4.57
10p ordinary	Purchase	20	4.5334
10p ordinary	Purchase	9,042	4.576
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
10p ordinary	Purchase	2	5.4824
Class of relevant security	Purchase/sale	Number of securities	Price per unit GBP
10p ordinary	Sale	500,000	4.53
10p ordinary	Sale	353	4.576
10p ordinary	Sale	6	4.532
10p ordinary	Sale	15	4.538
10p ordinary	Sale	14	4.534
10p ordinary	Sale	16	4.536
10p ordinary	Sale	2	4.5702
10p ordinary	Sale	633	4.558
10p ordinary	Sale	686	4.55
10p ordinary	Sale	79	4.536
10p ordinary	Sale	101	4.55
10p ordinary	Sale	128	4.55
10p ordinary	Sale	156	4.55
10p ordinary	Sale	166	4.55
10p ordinary	Sale	171	4.55
10p ordinary	Sale	175	4.55
10p ordinary	Sale	206	4.55
10p ordinary	Sale	236	4.55
10p ordinary	Sale	285	4.55
10p ordinary	Sale	463	4.536
10p ordinary	Sale	609	4.548
10p ordinary	Sale	611	4.53
10p ordinary	Sale	643	4.568
10p ordinary	Sale	1,333	4.548
10p ordinary	Sale	1,657	4.536
10p ordinary	Sale	731	4.55
10p ordinary	Sale	1,675	4.53
10p ordinary	Sale	1,709	4.544
10p ordinary	Sale	6	4.552
10p ordinary	Sale	17	4.534
10p ordinary	Sale	20	4.57
10p ordinary	Sale	21	4.564
10p ordinary	Sale	24	4.534
10p ordinary	Sale	84	4.564
10p ordinary	Sale	91	4.56
10p ordinary	Sale	106	4.552
10p ordinary	Sale	171	4.57
10p ordinary	Sale	197	4.548
10p ordinary	Sale	205	4.572
10p ordinary	Sale	245	4.546
10p ordinary	Sale	249	4.572
10p ordinary	Sale	339	4.56
10p ordinary	Sale	451	4.55
10p ordinary	Sale	451	4.574
10p ordinary	Sale	467	4.532
10p ordinary	Sale	517	4.552
10p ordinary	Sale	526	4.562
10p ordinary	Sale	562	4.566
10p ordinary	Sale	563	4.55
10p ordinary	Sale	584	4.57
10p ordinary	Sale	608	4.552
10p ordinary	Sale	670	4.566
10p ordinary	Sale	778	4.572
10p ordinary	Sale	781	4.574
10p ordinary	Sale	855	4.53
10p ordinary	Sale	903	4.548
10p ordinary	Sale	1,006	4.57
10p ordinary	Sale	1,075	4.564
10p ordinary	Sale	1,079	4.556
10p ordinary	Sale	1,093	4.578
10p ordinary	Sale	1,093	4.58
10p ordinary	Sale	1,093	4.582
10p ordinary	Sale	1,094	4.564
10p ordinary	Sale	1,100	4.55
10p ordinary	Sale	1,100	4.552
10p ordinary	Sale	1,100	4.554
10p ordinary	Sale	1,103	4.54
10p ordinary	Sale	1,103	4.54
10p ordinary	Sale	1,150	4.564
10p ordinary	Sale	1,190	4.53
10p ordinary	Sale	1,200	4.534
10p ordinary	Sale	1,228	4.584
10p ordinary	Sale	1,229	4.576
10p ordinary	Sale	1,230	4.572
10p ordinary	Sale	1,230	4.574
10p ordinary	Sale	1,230	4.582
10p ordinary	Sale	1,231	4.57
10p ordinary	Sale	1,231	4.572
10p ordinary	Sale	1,232	4.57
10p ordinary	Sale	1,232	4.57
10p ordinary	Sale	1,233	4.56
10p ordinary	Sale	1,233	4.562
10p ordinary	Sale	1,234	4.562
10p ordinary	Sale	1,234	4.566
10p ordinary	Sale	1,235	4.558
10p ordinary	Sale	1,236	4.56
10p ordinary	Sale	1,236	4.564
10p ordinary	Sale	1,237	4.546
10p ordinary	Sale	1,237	4.548
10p ordinary	Sale	1,237	4.552
10p ordinary	Sale	1,237	4.552
10p ordinary	Sale	1,238	4.546
10p ordinary	Sale	1,238	4.546
10p ordinary	Sale	1,238	4.548
10p ordinary	Sale	1,238	4.548
10p ordinary	Sale	1,239	4.552
10p ordinary	Sale	1,240	4.538
10p ordinary	Sale	1,240	4.54
10p ordinary	Sale	1,240	4.542
10p ordinary	Sale	1,241	4.536
10p ordinary	Sale	1,241	4.538
10p ordinary	Sale	1,241	4.538
10p ordinary	Sale	1,241	4.54
10p ordinary	Sale	1,241	4.54
10p ordinary	Sale	1,241	4.542
10p ordinary	Sale	1,242	4.538
10p ordinary	Sale	1,426	4.548
10p ordinary	Sale	1,463	4.53
10p ordinary	Sale	1,490	4.53
10p ordinary	Sale	1,617	4.548
10p ordinary	Sale	2,353	4.53
10p ordinary	Sale	26,261	4.576
10p ordinary	Sale	151	4.53419
10p ordinary	Sale	417	4.576
10p ordinary	Sale	1,022	4.576
10p ordinary	Sale	1,948	4.576
10p ordinary	Sale	2,127	4.576
10p ordinary	Sale	3,027	4.576
10p ordinary	Sale	9,042	4.576
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
10p ordinary	Sale	2	5.55

(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	353	4.576
10p ordinary	CFD	Increasing a long position	6	4.532
10p ordinary	CFD	Increasing a long position	15	4.538
10p ordinary	CFD	Increasing a long position	14	4.534
10p ordinary	CFD	Increasing a long position	16	4.536
10p ordinary	CFD	Reducing a long position	17	4.534
10p ordinary	CFD	Reducing a long position	17	4.534
10p ordinary	CFD	Reducing a long position	17	4.534
10p ordinary	CFD	Reducing a long position	17	4.536
10p ordinary	CFD	Reducing a long position	17	4.534
10p ordinary	CFD	Reducing a long position	20	4.532
10p ordinary	CFD	Reducing a long position	12	4.534
10p ordinary	CFD	Reducing a long position	19	4.534
10p ordinary	CFD	Reducing a long position	17	4.536
10p ordinary	CFD	Reducing a long position	17	4.534
10p ordinary	CFD	Increasing a short position	127,547	4.51
10p ordinary	CFD	Reducing a short position	500,000	4.53

(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:	22/10/2024
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