Vanguard Group Reports on DS Smith PLC Stake

The Vanguard Group, Inc. disclosed its holdings in DS Smith PLC as per the Form 8.3 required by the Takeover Code. As of April 25, 2024, Vanguard holds a total of 61,724,994 shares in DS Smith PLC, representing 4.48% of the company's issued share capital. This position encompasses both direct interests and any short positions held by the company.

Additionally, Vanguard reported purchasing 14,265 DS Smith shares on April 25, 2024, each at a price of 3.40 GBP. The disclosure was made in relation to International Paper Company's dealings with DS Smith PLC, though specific details of these dealings were not disclosed.

No new rights to subscribe for securities or derivative transactions related to the holdings were reported. Moreover, no indemnity, dealing arrangements, or agreements related to the shares or derivatives were in place that could affect the disclosed dealings.