The Vanguard Group, Inc. Announces Its Position in DS Smith PLC and Trading Activities

The Vanguard Group, Inc. has disclosed its holdings and recent trading activities concerning DS Smith PLC, a prominent company listed on the stock exchange. As of 15 March 2024, The Vanguard Group held a significant interest in DS Smith PLC, with a total of 62,067,761 shares, representing 4.51% of the company's issued share capital. This position underscores The Vanguard Group's substantial involvement in DS Smith PLC.

In recent trading activities dated the same, The Vanguard Group engaged in buying and selling DS Smith’s 10p ordinary shares. The group purchased 75,530 shares and sold 132,060 shares, with both transactions taking place at a price of 3.41 GBP per share. These activities illustrate the active management strategy The Vanguard Group employs concerning its investment in DS Smith PLC.

The disclosure was made in accordance with Rule 8.3 of the Takeover Code, highlighting the openness and regulatory compliance of The Vanguard Group’s trading and investment strategies. This transparency is pivotal for investors and the market to understand significant shareholding changes and trading behaviors among institutional investors.