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on The Vanguard Group, Inc. (isin : US12572Q1058)

The Vanguard Group Discloses Significant Position in Smith (DS) plc

The Vanguard Group, Inc. has made a significant disclosure regarding its interests in Smith (DS) plc. Following Rule 8.3 of the Takeover Code, the company has revealed holding 4.82% of the relevant securities, totaling 66,450,037 shares as of June 21, 2024.

This disclosure includes details of various transactions. Notably, The Vanguard Group purchased 4,309,387 shares and sold 6,520 shares, both at a price of 3.61 GBP per unit. No cash-settled or stock-settled derivative transactions were disclosed.

The form additionally confirms that there are no indemnity or other dealing arrangements, and no attachments such as Supplemental Form 8 are included. Furthermore, the company clarified that no agreements or understandings related to options or derivatives exist.

The Vanguard Group also disclosed interests in the International Paper Company, in relation to the same offer.

R. H.

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