Vanguard Discloses Position in Smith (DS) plc as Part of Regulatory Requirements

The Vanguard Group, Inc. has released a disclosure form, Form 8.3, detailing their holdings in Smith (DS) plc. According to the document, the investment management company controls interests that represent 4.47% of Smith (DS) plc, encompassing a total of 61,683,699 shares. This disclosure is mandated under Rule 8.3 of the Takeover Code, indicating the holdings by any entity with interests in relevant securities amounting to 1% or more.

The report also confirmed activities on 23 April 2024, where Vanguard reported certain transactions involving Smith (DS) plc’s securities. These included purchases and sales of shares at prices ranging between 3.49 GBP and 3.50 GBP. Furthermore, The Vanguard Group revealed it is making disclosures in respect of another party to the offer, the International Paper Company, emphasizing the broader scope of Vanguard's engagement in the market.

As specified, Vanguard did not engage in any stock-settled derivatives or other securities dealing arrangements outside of the specified purchases and sales. This transparency in trading and market activities is part of ongoing compliance with financial regulations designed to maintain fair trading practices.