The Vanguard Group Discloses Holding in Smith (DS) plc

The Vanguard Group, Inc. recently disclosed a significant interest in Smith (DS) plc under the UK's Takeover Code. Dated November 21, 2024, the disclosure highlights that Vanguard owns 4.93% of Smith (DS) plc, equivalent to 68,017,015 ordinary shares. Notably, this filing also includes transactions by Vanguard’s exempt fund manager for International Paper Company.

The document reveals recent transactions, including the acquisition of 75,355 10p ordinary shares at prices ranging from 5.75 to 5.77 GBP per unit. No cash-settled derivatives or stock-settled derivatives, such as options, are disclosed within this filing. Furthermore, there are no indemnity agreements or voting-related arrangements associated with these securities.

This disclosure follows regulatory requirements, ensuring transparency regarding positions held in pertinent securities linked to any takeover, merger, or acquisition scenarios.