The Vanguard Group Discloses 4.94% Stake in Smith (DS) Plc

The Vanguard Group, Inc. submitted its Form 8.3 to disclose its position in Smith (DS) plc, revealing a significant stake. As of December 18, 2024, Vanguard holds 68,190,553 ordinary shares, amounting to a 4.94% interest in Smith (DS) plc. This disclosure, in compliance with Rule 8.3 of the Takeover Code, reflects Vanguard's interests and short positions in relevant securities. The document also specifies a small purchase of 628 ordinary shares at a unit price of 5.44 GBP.

Additionally, Vanguard disclosed interests concerning the International Paper Company, alongside Smith (DS) plc. The form confirms no indemnity or dealing arrangements and no agreements related to options or derivatives. No Supplemental Form 8 was required. This public opening position disclosure showcases Vanguard's strategic interest in Smith (DS) plc within the market framework.