The Vanguard Group, Inc. Reveals Stake in Smith (DS) plc

The Vanguard Group, Inc. has disclosed its holding in Smith (DS) plc, marking an important update in the financial landscape as of 05 April 2024. According to the disclosure made under Rule 8.3 of the Takeover Code, The Vanguard Group has acquired an interest that represents more than 1% of the Smith (DS) plc's shares. Specifically, the company now controls 62,334,037 ordinary shares, translating to a 4.52% stake in the company.

The disclosure comes amid the context of potential cash offers involving Smith (DS) plc, with International Paper Company and Mondi plc also being significant names mentioned in relation to the offer. Notably, the transaction details include a recent purchase of 296 shares at a price of 4.11 GBP per share. This strategic move by The Vanguard Group showcases its active participation and interest in the evolving dynamics within the sector.

Additionally, the document clarifies that there are no indemnity, option arrangements, or any agreements that might influence dealing decisions related to the disclosed securities. Furthermore, there are no attachments, such as a Supplemental Form 8, accompanying the disclosure. The contact for this announcement is Shawn Acker, with a contact number provided for further inquiry.