M&G PLC Discloses Position in DS Smith Plc

M&G PLC, through M&G Investment Management Limited, has disclosed a 2.13% interest in DS Smith Plc. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that M&G owns and/or controls 29,489,841 relevant securities of DS Smith Plc. The disclosure was made on 23 May 2024, with the latest practicable date prior to the disclosure being 22 May 2024.

The disclosure also includes details of dealings by M&G, including the sale of 102,196 securities at a price of £3.7409 per unit. Additionally, M&G has stated that it does not have discretion regarding voting rights in respect of 92,319 shares that are included in the total disclosed interest.

Furthermore, the disclosure confirms that M&G does not have any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives in connection with DS Smith Plc.

This disclosure provides transparency about M&G's position in DS Smith Plc and its recent dealings, in compliance with the regulatory requirements of the Takeover Code.