Vanguard Group Reports Ownership in DS Smith plc

The Vanguard Group, Inc. has disclosed its holdings in Smith (DS) plc, indicating a significant stake in the company. As of 11 March 2024, Vanguard owns 62,099,911 ordinary shares, representing 4.51% of DS Smith. This position underscores Vanguard’s interest in the packaging company, amidst broader market activities.

In addition to DS Smith, Vanguard has also disclosed positions related to another entity, Mondi plc, suggesting a strategic interest in the packaging and paper sector. The disclosure was made in line with Rule 8.3 of the Takeover Code, highlighting the procedural adherence by Vanguard in its investment activities.

The report also detailed a specific transaction where Vanguard purchased 390 ordinary shares of DS Smith at a price of 3.42 GBP per share. This recent acquisition adds to their substantial ownership and presents insights into their investment maneuvers in the market.

No indemnity, option arrangements, or agreements related to the disclosed securities were reported, indicating straightforward ownership without complexities that could influence dealings.