The Vanguard Group Discloses Stake in Smith (DS) plc

The Vanguard Group, Inc. has unveiled its position regarding Smith (DS) plc in a recent regulatory submission. The document, dated October 3, 2024, provides a detailed public opening position disclosure in compliance with Rule 8.3 of the Takeover Code.

The disclosure reveals Vanguard's ownership of 67,526,632 shares, accounting for 4.89% of Smith (DS) plc's 10p ordinary shares. Notably, the disclosure also mentions International Paper Company as another entity connected to the offer.

In recent dealings, Vanguard recorded a purchase of 23,776 shares at 4.66 GBP per unit and a sale of 1,430 shares at the same price, indicating strategic movements within the market.

No indemnity, option arrangements, or derivative agreements have been noted. The disclosure confirms the absence of agreements or understandings related to voting rights or future acquisitions.