Vanguard Group Announces Stake in Smith (DS) plc

The Vanguard Group, Inc. has disclosed a significant stake in Smith (DS) plc, indicating their interest in the company surpasses the 1% threshold, according to a recent filing. As of the 5th of April, 2024, The Vanguard Group holds a total interest of 62,341,402 shares, equivalent to a 4.52% stake in Smith (DS) plc. This position disclosure follows the regulations of Rule 8.3 of the Takeover Code.

In addition, the disclosure revealed recent trading activities by Vanguard involving Smith (DS) plc's securities. The reported transaction includes the purchase of 7,365 shares at a price of 4.10 GBP per share. This action aligns with Vanguard's investment strategies and showcases their active engagement in the market.

The filing also notes Vanguard's disclosure obligations concerning other parties in the offer, naming International Paper Company and Mondi plc. However, specific details regarding positions in these entities were not provided within this disclosure.

Vanguard has confirmed that there are no indemnities, option arrangements, or any agreements, formal or informal, relating to the securities of Smith (DS) plc that may act as an inducement to deal or refrain from dealing. The absence of supplemental forms indicates no open stock-settled derivative positions or agreements to purchase or sell relevant securities were present as of the disclosure date.