Form 8.3 - Smith (DS) plc

Societe Generale SA

01 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	31/10/2024
(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:	22,821,552	1.65	166,186	0.01
(2)  Cash-settled derivatives:	6,910	0.00	1,038,342	0.08
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	22,828,462	1.65	1,204,528	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	108	4.744
10p ordinary	Purchase	85	4.744
10p ordinary	Purchase	82	4.748
10p ordinary	Purchase	109	5.455
10p ordinary	Purchase	133	5.41
10p ordinary	Purchase	153	5.41
10p ordinary	Purchase	297	5.425
10p ordinary	Purchase	297	5.425
10p ordinary	Purchase	308	5.41
10p ordinary	Purchase	343	5.41
10p ordinary	Purchase	391	5.405
10p ordinary	Purchase	395	5.43
10p ordinary	Purchase	440	5.45
10p ordinary	Purchase	511	5.45
10p ordinary	Purchase	669	5.41
10p ordinary	Purchase	767	5.4
10p ordinary	Purchase	1,324	5.45
10p ordinary	Purchase	406	5.425
10p ordinary	Purchase	741	5.42
10p ordinary	Purchase	207	5.41
10p ordinary	Purchase	309	5.41
10p ordinary	Purchase	483	5.415
10p ordinary	Purchase	516	5.425
10p ordinary	Purchase	7	5.47
10p ordinary	Purchase	41	5.42
10p ordinary	Purchase	68	4.822
10p ordinary	Purchase	223	4.956
10p ordinary	Purchase	233	4.782
10p ordinary	Purchase	234	4.994
10p ordinary	Purchase	289	5.42
10p ordinary	Purchase	301	4.844
10p ordinary	Purchase	301	5.4
10p ordinary	Purchase	444	4.966
10p ordinary	Purchase	452	5.47
10p ordinary	Purchase	567	4.966
10p ordinary	Purchase	579	5.465
10p ordinary	Purchase	679	5.47
10p ordinary	Purchase	801	5.48
10p ordinary	Purchase	852	5.42
10p ordinary	Purchase	872	5.415
10p ordinary	Purchase	990	4.956
10p ordinary	Purchase	999	5.405
10p ordinary	Purchase	1,005	4.998
10p ordinary	Purchase	1,009	4.976
10p ordinary	Purchase	1,009	4.978
10p ordinary	Purchase	1,011	4.968
10p ordinary	Purchase	1,012	4.962
10p ordinary	Purchase	1,013	4.958
10p ordinary	Purchase	1,013	4.958
10p ordinary	Purchase	1,013	4.96
10p ordinary	Purchase	1,013	4.96
10p ordinary	Purchase	1,013	4.96
10p ordinary	Purchase	1,013	4.962
10p ordinary	Purchase	1,014	4.952
10p ordinary	Purchase	1,014	4.954
10p ordinary	Purchase	1,014	4.954
10p ordinary	Purchase	1,014	4.956
10p ordinary	Purchase	1,015	4.952
10p ordinary	Purchase	1,018	4.938
10p ordinary	Purchase	1,030	5.47
10p ordinary	Purchase	1,031	4.874
10p ordinary	Purchase	1,033	4.864
10p ordinary	Purchase	1,033	5.5
10p ordinary	Purchase	1,034	5.495
10p ordinary	Purchase	1,036	5.475
10p ordinary	Purchase	1,036	5.48
10p ordinary	Purchase	1,037	4.846
10p ordinary	Purchase	1,037	5.465
10p ordinary	Purchase	1,038	4.84
10p ordinary	Purchase	1,038	5.46
10p ordinary	Purchase	1,039	4.836
10p ordinary	Purchase	1,039	4.838
10p ordinary	Purchase	1,039	5.455
10p ordinary	Purchase	1,040	5.455
10p ordinary	Purchase	1,041	5.47
10p ordinary	Purchase	1,042	4.824
10p ordinary	Purchase	1,042	5.465
10p ordinary	Purchase	1,042	5.465
10p ordinary	Purchase	1,042	5.465
10p ordinary	Purchase	1,044	5.46
10p ordinary	Purchase	1,045	5.425
10p ordinary	Purchase	1,047	5.44
10p ordinary	Purchase	1,048	5.43
10p ordinary	Purchase	1,049	5.41
10p ordinary	Purchase	1,051	5.415
10p ordinary	Purchase	1,051	5.415
10p ordinary	Purchase	1,051	5.42
10p ordinary	Purchase	1,052	5.42
10p ordinary	Purchase	1,053	4.768
10p ordinary	Purchase	1,053	5.395
10p ordinary	Purchase	1,054	4.762
10p ordinary	Purchase	1,054	4.768
10p ordinary	Purchase	1,055	5.39
10p ordinary	Purchase	1,056	4.752
10p ordinary	Purchase	1,056	4.754
10p ordinary	Purchase	1,056	4.758
10p ordinary	Purchase	1,057	4.752
10p ordinary	Purchase	1,058	4.744
10p ordinary	Purchase	1,064	4.714
10p ordinary	Purchase	1,064	4.716
10p ordinary	Purchase	1,065	4.712
10p ordinary	Purchase	1,065	4.714
10p ordinary	Purchase	1,065	4.716
10p ordinary	Purchase	1,095	5.405
10p ordinary	Purchase	1,141	5.145
10p ordinary	Purchase	1,174	5.41
10p ordinary	Purchase	1,185	4.764
10p ordinary	Purchase	1,215	5.465
10p ordinary	Purchase	1,373	5.405
10p ordinary	Purchase	1,376	5.45
10p ordinary	Purchase	1,376	5.465
10p ordinary	Purchase	1,376	5.465
10p ordinary	Purchase	1,376	5.47
10p ordinary	Purchase	1,376	5.475
10p ordinary	Purchase	1,625	5.095
10p ordinary	Purchase	1,772	5.41
10p ordinary	Purchase	1,838	5.07
10p ordinary	Purchase	2,000	5.4
10p ordinary	Purchase	2,031	5.07
10p ordinary	Purchase	2,454	4.712
10p ordinary	Purchase	3,263	5.48
10p ordinary	Purchase	9,427	5.455
10p ordinary	Purchase	75	4.72411
10p ordinary	Purchase	17	5.455
10p ordinary	Purchase	560	5.455
10p ordinary	Purchase	1,010	5.455
10p ordinary	Purchase	9,988	5.455
10p ordinary	Purchase	6,195	5.455
10p ordinary	Purchase	19,368	5.455
10p ordinary	Sale	70,000	4.74845
10p ordinary	Sale	29,358	5.455
10p ordinary	Sale	29,000	4.76305
10p ordinary	Sale	28,497	4.76352
10p ordinary	Sale	50	4.76152
10p ordinary	Sale	16	4.726
10p ordinary	Sale	16	4.726
10p ordinary	Sale	16	4.715
10p ordinary	Sale	11	4.716
10p ordinary	Sale	19	4.716
10p ordinary	Sale	16	4.726
10p ordinary	Sale	16	4.724
10p ordinary	Sale	37	4.718
10p ordinary	Sale	16	4.717
10p ordinary	Sale	5,567	5.455
10p ordinary	Sale	15	4.748
10p ordinary	Sale	17	4.714
10p ordinary	Sale	17	4.748
10p ordinary	Sale	20	4.714
10p ordinary	Sale	177	5.4
10p ordinary	Sale	248	5.4
10p ordinary	Sale	430	5.15
10p ordinary	Sale	608	4.748
10p ordinary	Sale	726	4.714
10p ordinary	Sale	742	5.1
10p ordinary	Sale	2,371	5.13
10p ordinary	Sale	374	5.37
10p ordinary	Sale	936	5.075
10p ordinary	Sale	21	4.976
10p ordinary	Sale	41	5.48
10p ordinary	Sale	50	4.738
10p ordinary	Sale	135	4.762
10p ordinary	Sale	200	4.738
10p ordinary	Sale	220	4.954
10p ordinary	Sale	222	4.73
10p ordinary	Sale	274	4.714
10p ordinary	Sale	385	4.76
10p ordinary	Sale	431	4.762
10p ordinary	Sale	508	4.76
10p ordinary	Sale	654	5.48
10p ordinary	Sale	752	4.732
10p ordinary	Sale	752	4.738
10p ordinary	Sale	788	4.73
10p ordinary	Sale	801	5.5
10p ordinary	Sale	909	4.744
10p ordinary	Sale	925	4.714
10p ordinary	Sale	937	5.4
10p ordinary	Sale	967	4.76
10p ordinary	Sale	969	5.125
10p ordinary	Sale	979	4.764
10p ordinary	Sale	990	4.976
10p ordinary	Sale	1,009	4.994
10p ordinary	Sale	1,010	4.986
10p ordinary	Sale	1,010	4.988
10p ordinary	Sale	1,012	4.972
10p ordinary	Sale	1,013	4.968
10p ordinary	Sale	1,013	4.976
10p ordinary	Sale	1,014	4.966
10p ordinary	Sale	1,014	4.968
10p ordinary	Sale	1,014	4.97
10p ordinary	Sale	1,014	4.972
10p ordinary	Sale	1,014	4.974
10p ordinary	Sale	1,016	4.954
10p ordinary	Sale	1,019	4.946
10p ordinary	Sale	1,033	4.876
10p ordinary	Sale	1,033	4.878
10p ordinary	Sale	1,038	4.85
10p ordinary	Sale	1,038	4.852
10p ordinary	Sale	1,038	4.854
10p ordinary	Sale	1,040	4.844
10p ordinary	Sale	1,040	4.846
10p ordinary	Sale	1,042	4.832
10p ordinary	Sale	1,042	4.834
10p ordinary	Sale	1,042	4.836
10p ordinary	Sale	1,043	4.826
10p ordinary	Sale	1,043	4.828
10p ordinary	Sale	1,043	4.83
10p ordinary	Sale	1,051	4.786
10p ordinary	Sale	1,051	4.788
10p ordinary	Sale	1,051	4.79
10p ordinary	Sale	1,055	4.764
10p ordinary	Sale	1,055	4.766
10p ordinary	Sale	1,057	4.76
10p ordinary	Sale	1,057	4.762
10p ordinary	Sale	1,058	4.756
10p ordinary	Sale	1,062	4.738
10p ordinary	Sale	1,063	4.734
10p ordinary	Sale	1,065	4.72
10p ordinary	Sale	1,065	4.72
10p ordinary	Sale	1,065	4.722
10p ordinary	Sale	1,069	5.175
10p ordinary	Sale	1,111	5.1
10p ordinary	Sale	1,187	4.762
10p ordinary	Sale	1,192	4.746
10p ordinary	Sale	1,198	4.716
10p ordinary	Sale	23,517	5.48
10p ordinary	Sale	108	4.744
10p ordinary	Sale	19,368	5.455
10p ordinary	Sale	6,195	5.455

(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	108	4.744
10p ordinary	CFD	Reducing a long position	85	4.744
10p ordinary	CFD	Reducing a long position	82	4.748
10p ordinary	CFD	Reducing a long position	109	5.455
10p ordinary	CFD	Reducing a short position	70,000	4.74845
10p ordinary	CFD	Reducing a short position	29,358	5.455
10p ordinary	CFD	Reducing a short position	29,000	4.76305
10p ordinary	CFD	Reducing a short position	28,497	4.76352
10p ordinary	CFD	Reducing a short position	50	4.76152
10p ordinary	CFD	Increasing a long position	16	4.726
10p ordinary	CFD	Increasing a long position	16	4.726
10p ordinary	CFD	Increasing a long position	16	4.715
10p ordinary	CFD	Increasing a long position	11	4.716
10p ordinary	CFD	Increasing a long position	19	4.716
10p ordinary	CFD	Increasing a long position	16	4.726
10p ordinary	CFD	Increasing a long position	16	4.724
10p ordinary	CFD	Increasing a long position	37	4.718
10p ordinary	CFD	Increasing a long position	16	4.717

(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:	01/11/2024
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