Form 8.3 - Smith (DS) plc

Societe Generale SA

07 May 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	03/05/2024
(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:	16,609,863	1.20	341,781	0.02
(2)  Cash-settled derivatives:	8,777	0.00	280,478	0.02
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	16,618,640	1.20	622,259	0.05

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	6	3.602
10p ordinary	Purchase	14	3.602
10p ordinary	Purchase	10	3.602
10p ordinary	Purchase	12	3.602
10p ordinary	Purchase	105	3.598
10p ordinary	Purchase	496	3.616
10p ordinary	Purchase	130	3.598
10p ordinary	Purchase	106	3.608
10p ordinary	Purchase	406	3.608
10p ordinary	Purchase	878	3.616
10p ordinary	Purchase	1,332	3.616
10p ordinary	Purchase	4,243	3.616
10p ordinary	Purchase	5,121	3.616
10p ordinary	Purchase	5,121	3.616
10p ordinary	Purchase	5,121	3.616
10p ordinary	Purchase	5,121	3.616
10p ordinary	Purchase	8,910	3.616
10p ordinary	Purchase	807	3.616
10p ordinary	Purchase	1,754	3.616
10p ordinary	Purchase	69	3.606
10p ordinary	Purchase	85	3.59
10p ordinary	Purchase	155	3.602
10p ordinary	Purchase	156	3.544
10p ordinary	Purchase	434	3.602
10p ordinary	Purchase	438	3.602
10p ordinary	Purchase	446	3.602
10p ordinary	Purchase	474	3.602
10p ordinary	Purchase	492	3.59
10p ordinary	Purchase	674	3.544
10p ordinary	Purchase	700	3.59
10p ordinary	Purchase	708	3.606
10p ordinary	Purchase	718	3.6
10p ordinary	Purchase	718	3.6
10p ordinary	Purchase	718	3.606
10p ordinary	Purchase	1,150	3.6
10p ordinary	Purchase	1,188	3.586
10p ordinary	Purchase	1,269	3.578
10p ordinary	Purchase	1,356	3.548
10p ordinary	Purchase	1,356	3.556
10p ordinary	Purchase	1,356	3.56
10p ordinary	Purchase	1,356	3.566
10p ordinary	Purchase	1,356	3.6
10p ordinary	Purchase	1,356	3.602
10p ordinary	Purchase	496	3.6
10p ordinary	Purchase	500	3.6
10p ordinary	Purchase	6,567	3.58
10p ordinary	Purchase	19	3.592
10p ordinary	Purchase	23	3.594
10p ordinary	Purchase	42	3.594
10p ordinary	Purchase	45	3.61
10p ordinary	Purchase	51	3.594
10p ordinary	Purchase	81	3.592
10p ordinary	Purchase	100	3.594
10p ordinary	Purchase	160	3.592
10p ordinary	Purchase	178	3.566
10p ordinary	Purchase	208	3.546
10p ordinary	Purchase	226	3.566
10p ordinary	Purchase	230	3.566
10p ordinary	Purchase	233	3.566
10p ordinary	Purchase	300	3.61
10p ordinary	Purchase	312	3.594
10p ordinary	Purchase	341	3.566
10p ordinary	Purchase	412	3.566
10p ordinary	Purchase	435	3.594
10p ordinary	Purchase	457	3.58
10p ordinary	Purchase	477	3.594
10p ordinary	Purchase	600	3.592
10p ordinary	Purchase	602	3.61
10p ordinary	Purchase	694	3.564
10p ordinary	Purchase	700	3.592
10p ordinary	Purchase	700	3.594
10p ordinary	Purchase	739	3.58
10p ordinary	Purchase	777	3.592
10p ordinary	Purchase	832	3.592
10p ordinary	Purchase	926	3.564
10p ordinary	Purchase	953	3.576
10p ordinary	Purchase	1,100	3.594
10p ordinary	Purchase	1,191	3.6
10p ordinary	Purchase	1,191	3.602
10p ordinary	Purchase	1,191	3.604
10p ordinary	Purchase	1,193	3.586
10p ordinary	Purchase	1,193	3.588
10p ordinary	Purchase	1,193	3.59
10p ordinary	Purchase	1,194	3.586
10p ordinary	Purchase	1,195	3.588
10p ordinary	Purchase	1,200	3.564
10p ordinary	Purchase	1,200	3.566
10p ordinary	Purchase	1,206	3.546
10p ordinary	Purchase	1,208	3.542
10p ordinary	Purchase	1,353	3.588
10p ordinary	Purchase	1,421	3.546
10p ordinary	Purchase	1,606	3.598
10p ordinary	Purchase	1,607	3.596
10p ordinary	Purchase	1,607	3.596
10p ordinary	Purchase	1,608	3.594
10p ordinary	Purchase	1,608	3.596
10p ordinary	Purchase	1,608	3.602
10p ordinary	Purchase	1,610	3.598
10p ordinary	Purchase	1,611	3.586
10p ordinary	Purchase	1,611	3.588
10p ordinary	Purchase	1,612	3.584
10p ordinary	Purchase	1,613	3.58
10p ordinary	Purchase	1,613	3.582
10p ordinary	Purchase	1,613	3.588
10p ordinary	Purchase	1,614	3.578
10p ordinary	Purchase	1,614	3.58
10p ordinary	Purchase	1,615	3.576
10p ordinary	Purchase	1,615	3.58
10p ordinary	Purchase	1,616	3.574
10p ordinary	Purchase	1,619	3.566
10p ordinary	Purchase	1,957	3.602
10p ordinary	Purchase	2,013	3.6
10p ordinary	Purchase	2,013	3.602
10p ordinary	Purchase	2,031	3.598
10p ordinary	Purchase	2,419	3.602
10p ordinary	Purchase	1,152	3.574
10p ordinary	Purchase	1,137	3.58
10p ordinary	Purchase	1,190	3.588
10p ordinary	Purchase	446	3.574
10p ordinary	Purchase	1,131	3.572
10p ordinary	Purchase	1,185	3.582
10p ordinary	Purchase	1,181	3.572
10p ordinary	Purchase	1,207	3.576
10p ordinary	Purchase	1,448	3.576
10p ordinary	Sale	53,785	3.55047
10p ordinary	Sale	65,737	3.58799
10p ordinary	Sale	1,356	3.598
10p ordinary	Sale	1,356	3.598
10p ordinary	Sale	23	3.6
10p ordinary	Sale	51	3.6
10p ordinary	Sale	86	3.6
10p ordinary	Sale	100	3.602
10p ordinary	Sale	100	3.602
10p ordinary	Sale	123	3.598
10p ordinary	Sale	188	3.602
10p ordinary	Sale	200	3.61
10p ordinary	Sale	207	3.61
10p ordinary	Sale	348	3.594
10p ordinary	Sale	390	3.6
10p ordinary	Sale	397	3.568
10p ordinary	Sale	400	3.594
10p ordinary	Sale	507	3.598
10p ordinary	Sale	508	3.604
10p ordinary	Sale	527	3.594
10p ordinary	Sale	533	3.61
10p ordinary	Sale	681	3.604
10p ordinary	Sale	719	3.598
10p ordinary	Sale	734	3.602
10p ordinary	Sale	806	3.568
10p ordinary	Sale	828	3.6
10p ordinary	Sale	846	3.594
10p ordinary	Sale	913	3.6
10p ordinary	Sale	1,037	3.61
10p ordinary	Sale	1,059	3.598
10p ordinary	Sale	1,075	3.6
10p ordinary	Sale	1,191	3.6
10p ordinary	Sale	1,192	3.594
10p ordinary	Sale	1,192	3.596
10p ordinary	Sale	1,192	3.596
10p ordinary	Sale	1,192	3.598
10p ordinary	Sale	1,193	3.594
10p ordinary	Sale	1,193	3.598
10p ordinary	Sale	1,193	3.602
10p ordinary	Sale	1,196	3.584
10p ordinary	Sale	1,201	3.566
10p ordinary	Sale	1,202	3.564
10p ordinary	Sale	1,202	3.57
10p ordinary	Sale	1,203	3.562
10p ordinary	Sale	1,205	3.552
10p ordinary	Sale	1,254	3.6
10p ordinary	Sale	1,374	3.594
10p ordinary	Sale	1,423	3.598
10p ordinary	Sale	1,517	3.594
10p ordinary	Sale	1,610	3.6
10p ordinary	Sale	1,735	3.598
10p ordinary	Sale	1,917	3.584
10p ordinary	Sale	1,918	3.594
10p ordinary	Sale	1,960	3.608
10p ordinary	Sale	1,970	3.61
10p ordinary	Sale	2,095	3.596
10p ordinary	Sale	30	3.602
10p ordinary	Sale	168	3.616
10p ordinary	Sale	1,224	3.616
10p ordinary	Sale	1,332	3.616
10p ordinary	Sale	1,754	3.616
10p ordinary	Sale	2,367	3.616
10p ordinary	Sale	3,427	3.616
10p ordinary	Sale	3,867	3.616
10p ordinary	Sale	3,889	3.616
10p ordinary	Sale	6,297	3.616
10p ordinary	Sale	7,088	3.616
10p ordinary	Sale	12,105	3.616
10p ordinary	Sale	496	3.61605

(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	773	3.60976714
10p ordinary	CFD	Reducing a short position	53,785	3.55047232
10p ordinary	CFD	Reducing a short position	65,737	3.58799122

(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:	07/05/2024
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