Vanguard Reports Stake in Smith (DS) plc

The Vanguard Group, Inc. disclosed its holdings in Smith (DS) plc, showing a significant interest in the company. As of May 10, 2024, Vanguard holds 61,906,249 shares in Smith (DS) plc, representing 4.49% of the company. This position indicates Vanguard's substantial involvement and interest in the company's stock.

The disclosure was made under Rule 8.3 of the Takeover Code, highlighting transactions in securities representing 1% or more of a company. Recent purchases include 22,112 shares at 3.61 GBP and 52,816 shares at 3.63 GBP. Alongside this, Vanguard also disclosed dealings related to International Paper Company, emphasizing a broader scope of involvement in market activities.

Such disclosures are necessary for market transparency and provide insight into the investment strategies of major financial entities like Vanguard.