The Vanguard Group, Inc. Discloses Investment Position in Smith (DS) plc

The Vanguard Group, Inc. has made a public disclosure regarding its investment position in Smith (DS) plc. As of August 2, 2024, Vanguard holds a 4.88% interest in Smith (DS) plc, comprised of 67,374,783 ordinary 10p shares. In addition, Vanguard has disclosed dealings involving purchases and sales of Smith's ordinary shares.

The disclosure, made in compliance with Rule 8.3 of the Takeover Code, is an opening position disclosure by a person with interests in relevant securities representing 1% or more. The filing includes detailed data on Vanguard's controlled securities, noting purchases of 2,777 shares at 4.44 GBP and sales of 6,414 shares at 4.46 GBP per unit. The report emphasizes full transparency in Vanguard's trading activities.

Vanguard also made disclosures in respect of International Paper Company in the context of this investment. No derivatives or other rights to subscribe for new securities were reported. Additionally, no agreements, arrangements, or inducements to deal in relevant securities are in place.