The Vanguard Group, Inc. Makes Public Disclosure Under Takeover Code Form 8.3 Related to Smith (DS) plc

The Vanguard Group, Inc. has conducted a public opening position disclosure/dealing disclosure under Rule 8.3 of the Takeover Code. This form pertains to individuals or entities holding interests in securities representing 1% or more, focusing on Smith (DS) plc. The disclosure was made public on 14 March 2024, with the position held as of 13 March 2024.

According to the disclosure, The Vanguard Group, Inc. reports holding an interest in 62,124,291 ordinary 10p shares of Smith (DS) plc, equating to a 4.51% interest. Furthermore, the disclosure also notes The Vanguard Group, Inc.’s involvement in dealings with another party to the offer, Mondi plc. In its recent transaction, Vanguard purchased 11,660 ordinary 10p shares of Smith (DS) plc at a price of 3.36 GBP per unit.

No indemnity, option arrangements, or any agreements relating to voting rights or the future acquisition or disposal of relevant securities were disclosed in this announcement. The disclosure emphasizes the transparent financial activities of The Vanguard Group, Inc. in relation to Smith (DS) plc and Mondi plc, following the protocols outlined in the Takeover Code.