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The Vanguard Group Discloses Position in Smith (DS) plc

The Vanguard Group, Inc. has released a Form 8.3 disclosure regarding its stake in Smith (DS) plc. As of January 16, 2025, Vanguard holds 68,604,276 ordinary shares in Smith (DS) plc, representing a 4.97% stake in the company. This positions Vanguard as a significant stakeholder, surpassing the 1% threshold stipulated by Rule 8.3 of the Takeover Code.

Additionally, Vanguard disclosed a transaction involving the purchase of 771 ordinary shares at a price of 5.79 GBP per share. No other derivative or subscription rights transactions were reported.

No indemnity, agreements, or options related to this disclosure were identified. The disclosure solely pertains to Smith (DS) plc, with a note on related interest concerning International Paper Company.

R. E.

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