The Vanguard Group, Inc. Discloses Position in Smith (DS) plc

The Vanguard Group, Inc. has released its Form 8.3 disclosure concerning its interests in Smith (DS) plc, as per Rule 8.3 of the Takeover Code. The information was disclosed on May 20, 2024. The disclosure reveals that Vanguard holds a 4.49% interest in Smith (DS) plc, amounting to 61,923,260 shares.

Transactions reported include the purchase of 10,815 shares at an average price of approximately 3.72 GBP per share and the sale of 9,673 shares at the same price. Additionally, 4,240 shares were cancelled at 3.69 GBP per share. No cash-settled or stock-settled derivatives were disclosed.

Vanguard also indicated activities involving another related party, International Paper Company. However, there were no additional agreements or arrangements related to indemnities, options, or derivatives.