Vanguard Group Reports Holding in Smith (DS) PLC

The Vanguard Group, Inc. disclosed its significant holding in Smith (DS) PLC as of May 1, 2024. According to the latest Form 8.3 filing, Vanguard holds approximately 4.48% of the company, equating to 61,726,690 shares. This disclosure aligns with the UK's Takeover Code rules that mandate transparency when ownership reaches 1% or more.

In a related transaction, Vanguard also reported the sale of 26,521 Smith (DS) PLC shares at a price of 3.54 GBP per share. Additionally, pursuing transparency in multiple venues, Vanguard disclosed dealings concerning International Paper Company, suggesting a broader strategic positioning.

This disclosure not only affects Smith (DS) PLC and its shareholders but also provides insight into Vanguard's investment strategies and market maneuvers. No further derivatives or agreements were reported concerning this holding. The contact for further details on this disclosure is Shawn Acker, available at telephone number 001-610-669-6713.