Vanguard Group Announces Stake in Smith (DS) plc

The Vanguard Group, Inc. has disclosed an interest in Smith (DS) plc, representing a significant shareholding in the company. As of April 9, 2024, Vanguard reported ownership and control of approximately 62,407,131 shares, constituting a 4.53% interest in Smith (DS) plc. This filing was made in accordance with Rule 8.3 of the Takeover Code, highlighting positions in companies where interests surpass 1%. Aside from Smith (DS) plc, disclosures were also made regarding International Paper Company and Mondi plc.

Vanguard's dealings include purchasing 64,841 shares at a price of 4.08 GBP each. This transaction reflects the company's ongoing investment strategies and its position in the market. No stock-settled derivatives or rights to subscribe for new securities were reported. Furthermore, Vanguard declared that there are no indemnity, option arrangements, or agreements relating to the voting rights or disposal of relevant securities, indicating a straightforward investment position without significant derivatives engagement.

The disclosure underscores Vanguard's involvement in the financial markets and highlights its significant shareholdings. This information was communicated by Shawn Acker, a representative of The Vanguard Group, providing insight into the company's investment portfolio and market movements as of April 10, 2024.