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The Vanguard Group Discloses Position in Smith (DS) plc

The Vanguard Group, Inc. has filed a Form 8.3 related to its position in the securities of Smith (DS) plc. The disclosure, dated November 6, 2024, reveals that Vanguard holds a 4.91% interest in 10p ordinary shares of Smith (DS) plc amounting to 67,746,317 shares. These transactions fall under Rule 8.3 of the Takeover Code.

Vanguard also reports its dealings with International Paper Company as part of the same disclosure process. Recent trading activity includes the purchase of 95,264 shares at 5.76 GBP per share and the sale of 5,327 shares at 5.78 GBP per share. No cash-settled or stock-settled derivatives are reported as part of their current dealings.

No indemnity or other special arrangements related to these securities are noted. Additionally, there are no agreements or understandings concerning the voting rights or future transactions of any derivatives referenced. The relevant disclosure was finalized on November 7, 2024.

R. H.

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