The Vanguard Group Discloses Position in Smith (DS) plc

The Vanguard Group, Inc. has filed Form 8.3, disclosing its position in Smith (DS) plc. This disclosure relates to interests in relevant securities representing 1% or more, complying with Rule 8.3 of the Takeover Code.

As of 20 September 2024, Vanguard holds 67,401,693 ordinary shares of 10p in Smith (DS) plc, representing a 4.88% interest. The disclosure includes both direct holdings and any cash-settled derivatives, although no such derivatives were reported.

Vanguard also reports dealing activities: on 23 September 2024, it purchased 192,544 shares at 4.68 GBP per share, and sold 551,114 shares at prices ranging from 4.68 to 4.70 GBP per share.

No other agreements or understandings relating to options or derivatives were reported. International Paper Company is the additional party to the offer as mentioned in the filing.