Vanguard Group Inc. Discloses Stake in DS Smith plc

The Vanguard Group, Inc. has announced its holdings in DS Smith plc, marking a significant financial disclosure. The report, dated March 7, 2024, outlines The Vanguard Group’s current owned interest in DS Smith plc, with a total of 62,089,259 shares or 4.51% of the company. This move positions The Vanguard Group as a notable investor in DS Smith plc, holding interests that exceed the 1% threshold, which necessitates public disclosure under Rule 8.3 of the Takeover Code.

Additionally, the disclosure highlights a recent transaction where The Vanguard Group purchased 387 shares of DS Smith plc at a price of 3.16 GBP per share on March 6, 2024. The company has also indicated its involvement with Mondi plc within the context of its disclosure requirements, pointing to a broader strategy in the packaging and paper sector. In terms of agreements and arrangements, The Vanguard Group reported no indemnities, option arrangements, or understandings that would influence its dealings in the securities mentioned.

Contact for this disclosure is listed as Shawn Acker, with a telephone number provided for further communication. This disclosure is in compliance with the requirements stipulated by the Takeover Code, underscoring The Vanguard Group’s transparent approach to its significant ownership stakes in public companies.