The Vanguard Group Updates on Smith (DS) plc Stake

The Vanguard Group, Inc. has disclosed its current position in Smith (DS) plc under Rule 8.3 of the Takeover Code. The disclosure reveals that Vanguard holds 67,513,526 shares, translating to a 4.89% stake in Smith (DS) plc. The position was recorded on October 4, 2024. The document also confirms that Vanguard is involved with International Paper Company, another party related to the offer.

The filing detailed recent transactions in Smith (DS) plc shares. Vanguard purchased 22,550 shares at 4.64 GBP each and sold a combined total of 57,822 shares at prices ranging between 4.62 GBP and 4.64 GBP. Importantly, no cash or stock-settled derivative transactions were noted, and no indemnity or option arrangements were disclosed.