Form 8.3 - Smith (DS) plc

Societe Generale SA

11 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	08/11/2024
(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:	38,355,387	2.78	70,093	0.01
(2)  Cash-settled derivatives:	5,839	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:	38,361,226	2.78%	1,291,177	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	16	5.67
10p ordinary	Purchase	6	5.64
10p ordinary	Purchase	7	5.64
10p ordinary	Purchase	105	5.67
10p ordinary	Purchase	7	5.64
10p ordinary	Purchase	6	5.64
10p ordinary	Purchase	15	5.67
10p ordinary	Purchase	5	5.64
10p ordinary	Purchase	10	5.64
10p ordinary	Purchase	33	5.81
10p ordinary	Purchase	76	5.81
10p ordinary	Purchase	79	5.81
10p ordinary	Purchase	87	5.81
10p ordinary	Purchase	99	5.81
10p ordinary	Purchase	99	5.81
10p ordinary	Purchase	123	5.81
10p ordinary	Purchase	154	5.81
10p ordinary	Purchase	167	5.81
10p ordinary	Purchase	179	5.81
10p ordinary	Purchase	190	5.81
10p ordinary	Purchase	271	5.81
10p ordinary	Purchase	280	5.81
10p ordinary	Purchase	390	5.81
10p ordinary	Purchase	557	5.81
10p ordinary	Purchase	46	5.64
10p ordinary	Purchase	877	5.69
10p ordinary	Purchase	882	5.66
10p ordinary	Purchase	950	5.64
10p ordinary	Purchase	984	5.71
10p ordinary	Purchase	987	5.69
10p ordinary	Purchase	989	5.68
10p ordinary	Purchase	991	5.665
10p ordinary	Purchase	992	5.66
10p ordinary	Purchase	993	5.65
10p ordinary	Purchase	994	5.655
10p ordinary	Purchase	995	5.64
10p ordinary	Purchase	995	5.645
10p ordinary	Purchase	995	5.645
10p ordinary	Purchase	996	5.63
10p ordinary	Purchase	996	5.635
10p ordinary	Purchase	996	5.635
10p ordinary	Purchase	997	5.63
10p ordinary	Purchase	1,023	5.64
10p ordinary	Purchase	1,891	5.66
10p ordinary	Purchase	2,000	5.7
10p ordinary	Purchase	14,398	5.655
10p ordinary	Sale	277	5.655
10p ordinary	Sale	1	5.64
10p ordinary	Sale	8	5.64
10p ordinary	Sale	10	5.64
10p ordinary	Sale	12	5.64
10p ordinary	Sale	16	5.64
10p ordinary	Sale	18	5.635
10p ordinary	Sale	21	5.64
10p ordinary	Sale	25	5.635
10p ordinary	Sale	42	5.64
10p ordinary	Sale	43	5.635
10p ordinary	Sale	43	5.64
10p ordinary	Sale	46	5.64
10p ordinary	Sale	50	5.635
10p ordinary	Sale	51	5.64
10p ordinary	Sale	53	5.635
10p ordinary	Sale	53	5.64
10p ordinary	Sale	56	5.635
10p ordinary	Sale	63	5.64
10p ordinary	Sale	64	5.64
10p ordinary	Sale	71	5.635
10p ordinary	Sale	73	5.64
10p ordinary	Sale	75	5.64
10p ordinary	Sale	77	5.64
10p ordinary	Sale	81	5.635
10p ordinary	Sale	81	5.64
10p ordinary	Sale	81	5.64
10p ordinary	Sale	81	5.64
10p ordinary	Sale	82	5.635
10p ordinary	Sale	82	5.64
10p ordinary	Sale	82	5.64
10p ordinary	Sale	83	5.635
10p ordinary	Sale	83	5.635
10p ordinary	Sale	83	5.635
10p ordinary	Sale	83	5.64
10p ordinary	Sale	83	5.64
10p ordinary	Sale	83	5.64
10p ordinary	Sale	83	5.64
10p ordinary	Sale	83	5.64
10p ordinary	Sale	83	5.64
10p ordinary	Sale	83	5.64
10p ordinary	Sale	84	5.625
10p ordinary	Sale	84	5.64
10p ordinary	Sale	84	5.64
10p ordinary	Sale	84	5.64
10p ordinary	Sale	84	5.64
10p ordinary	Sale	84	5.64
10p ordinary	Sale	84	5.64
10p ordinary	Sale	85	5.635
10p ordinary	Sale	85	5.635
10p ordinary	Sale	85	5.635
10p ordinary	Sale	85	5.635
10p ordinary	Sale	85	5.635
10p ordinary	Sale	85	5.64
10p ordinary	Sale	85	5.64
10p ordinary	Sale	85	5.64
10p ordinary	Sale	85	5.64
10p ordinary	Sale	85	5.64
10p ordinary	Sale	85	5.64
10p ordinary	Sale	85	5.64
10p ordinary	Sale	86	5.635
10p ordinary	Sale	86	5.635
10p ordinary	Sale	86	5.64
10p ordinary	Sale	86	5.64
10p ordinary	Sale	86	5.64
10p ordinary	Sale	86	5.64
10p ordinary	Sale	86	5.64
10p ordinary	Sale	86	5.64
10p ordinary	Sale	86	5.64
10p ordinary	Sale	86	5.64
10p ordinary	Sale	86	5.64
10p ordinary	Sale	87	5.635
10p ordinary	Sale	87	5.64
10p ordinary	Sale	87	5.64
10p ordinary	Sale	87	5.64
10p ordinary	Sale	87	5.64
10p ordinary	Sale	88	5.635
10p ordinary	Sale	88	5.635
10p ordinary	Sale	88	5.64
10p ordinary	Sale	88	5.64
10p ordinary	Sale	88	5.64
10p ordinary	Sale	88	5.64
10p ordinary	Sale	88	5.64
10p ordinary	Sale	88	5.64
10p ordinary	Sale	89	5.625
10p ordinary	Sale	89	5.635
10p ordinary	Sale	89	5.64
10p ordinary	Sale	89	5.64
10p ordinary	Sale	89	5.64
10p ordinary	Sale	89	5.64
10p ordinary	Sale	89	5.64
10p ordinary	Sale	89	5.64
10p ordinary	Sale	90	5.635
10p ordinary	Sale	90	5.635
10p ordinary	Sale	90	5.64
10p ordinary	Sale	90	5.64
10p ordinary	Sale	90	5.64
10p ordinary	Sale	90	5.64
10p ordinary	Sale	91	5.635
10p ordinary	Sale	154	5.655
10p ordinary	Sale	191	5.655
10p ordinary	Sale	278	5.64
10p ordinary	Sale	278	5.64
10p ordinary	Sale	278	5.64
10p ordinary	Sale	320	5.655
10p ordinary	Sale	384	5.62
10p ordinary	Sale	557	5.62
10p ordinary	Sale	649	5.655
10p ordinary	Sale	1,063	5.655
10p ordinary	Sale	1,113	5.62
10p ordinary	Sale	2,094	5.655
10p ordinary	Sale	2,592	5.655
10p ordinary	Sale	3,473	5.655
10p ordinary	Sale	4,918	5.655
10p ordinary	Sale	9,596	5.655
10p ordinary	Sale	989	5.68
10p ordinary	Sale	990	5.68
10p ordinary	Sale	1,724	5.655
10p ordinary	Sale	1,906	5.675
10p ordinary	Sale	4,628	5.665
10p ordinary	Sale	41	5.64
10p ordinary	Sale	1,072	5.655
10p ordinary	Sale	1,392	5.655
10p ordinary	Sale	1,843	5.655
10p ordinary	Sale	2,076	5.655
10p ordinary	Sale	2,088	5.655
10p ordinary	Sale	3,281	5.655
10p ordinary	Sale	3,724	5.655
10p ordinary	Sale	14,398	5.655

(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	16	5.67
10p ordinary	CFD	Reducing a long position	6	5.64
10p ordinary	CFD	Reducing a long position	7	5.64
10p ordinary	CFD	Reducing a long position	105	5.67
10p ordinary	CFD	Reducing a long position	7	5.64
10p ordinary	CFD	Reducing a long position	6	5.64
10p ordinary	CFD	Reducing a long position	15	5.67
10p ordinary	CFD	Reducing a long position	5	5.64
10p ordinary	CFD	Reducing a long position	10	5.64
10p ordinary	CFD	Increasing a long position	277	5.655

(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:	11/11/2024
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