Vanguard's Position in Smith (DS) plc Outlined in Regulatory Disclosure

The Vanguard Group, Inc., a prominent investment management company, disclosed its significant ownership in Smith (DS) plc under Rule 8.3 of the UK's Takeover Code. On May 14, 2024, Vanguard reported controlling 61,912,908 shares, representing a 4.49% interest in the company. This disclosure is mandatory as Vanguard's holding exceeds the 1% threshold of relevant securities engagement.

The announcement also addressed trading activities involving Smith (DS) plc shares, highlighting a specific transaction where Vanguard purchased 616 shares at a price of 3.70 GBP per share. No derivative transactions were reported in this latest filing. Additionally, the firm is involved in other disclosures linked to the International Paper Company, another listed entity.

Furthermore, Vanguard confirmed the absence of any indemnity, option arrangements, or agreements related to the mentioned securities that could influence trading decisions. Such disclosures ensure transparency in dealings and are crucial during takeover bids or significant market activities.