Vanguard Group Discloses Position in Smith (DS) plc Amid Takeover Code Regulations

The Vanguard Group, Inc. has formally disclosed its position in Smith (DS) plc in compliance with the Takeover Code's Rule 8.3, representing interests in securities exceeding 1%. This disclosure, dated 28 March 2024, occurs against the backdrop of takeover activities involving Smith (DS) plc, alongside disclosures related to Mondi plc and International Paper Company. According to the disclosure, The Vanguard Group controls 62,253,054 ordinary shares of Smith (DS) plc, amounting to an interest of 4.52%.

The disclosure also covers recent trading activities, highlighting the purchase of 45,443 ordinary shares at a price of 3.97 GBP. This move reflects Vanguard's ongoing adjustments of its holdings in accordance with market conditions and its investment strategy. The filing emphasizes compliance with the Takeover Code's requirements, ensuring transparency in dealings that could influence the outcome of takeover bids or affect shareholder interests. No additional derivatives or undisclosed dealings were reported, reinforcing Vanguard's commitment to clear and forthright communications with the market and stakeholders.