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on The Vanguard Group, Inc. (isin : US12572Q1058)

The Vanguard Group Discloses Stake in Smith (DS) plc

The Vanguard Group, Inc. has revealed its position concerning Smith (DS) plc through a Form 8.3 disclosure, as per Rule 8.3 of the Takeover Code. The details, reported on January 16, 2025, highlight that Vanguard holds a 4.97% interest in Smith (DS) plc, amounting to 68,603,505 ordinary shares.

The report also notes a separate disclosure linked to the International Paper Company, indicating Vanguard's wider interest in related securities dealings.

On January 15, 2025, Vanguard privately acquired 60,564 ordinary shares of Smith (DS) plc at a price of 5.76 GBP per unit. No cash-settled or stock-settled derivative positions have been reported.

Vanguard confirmed no existing indemnity or option arrangements, emphasizing transparency in its disclosure and dealings. The announcement included a contact at Vanguard for further inquiries.

R. E.

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