Vanguard Group Discloses Position in Smith (DS) PLC

The Vanguard Group, Inc. has announced a significant holding in Smith (DS) plc, according to a recent Form 8.3 filing. The disclosure, made under the UK's Takeover Code, shows that Vanguard controls approximately 4.48% of Smith (DS) plc, which equates to 61,693,178 shares. This position reflects the latest practicable date of holdings as of 16 April 2024.

In addition to Smith (DS) plc, Vanguard disclosed interests in International Paper Company and Mondi plc, signaling their broader investment actions within this sector. The document also detailed recent trading activities involving Smith (DS) plc securities, including a purchase of 2,401 shares at 3.93 GBP and a sale of 747,971 shares at 3.98 GBP.

No open stock-settled derivative positions were reported, and there are no indemnity or dealing arrangements related to this disclosure, ensuring compliance with the regulatory framework. The significance of Vanguard's holdings in Smith (DS) plc highlights their investment strategy and involvement in the paper and packaging industry.