The Vanguard Group Discloses Position on Smith (DS) plc

The Vanguard Group, Inc. has publicly disclosed its interest under Form 8.3 concerning Smith (DS) plc. As of August 12, 2024, Vanguard holds 67,604,270 ordinary shares, representing 4.90% of Smith (DS) plc's relevant securities. Additionally, Vanguard has reported dealings including the purchase of 58,471 ordinary shares at £4.43 per unit.

This disclosure is part of the requirements under Rule 8.3 of the Takeover Code, mandating the public opening position disclosure for entities with relevant securities representing 1% or more. Moreover, Vanguard has clarified that there are no indemnity or option arrangements, nor any agreements or understandings concerning the voting rights of these securities.

Vanguard's declaration also mentions making disclosures on International Paper Company along with Smith (DS) plc, indicating their financial interest in both firms amid the corporate activities.