M&G PLC, through M&G Investment Management Limited, has disclosed a 2.07% interest in DS Smith PLC. The disclosure, made under Rule 8.3 of the Takeover Code, indicates that M&G owns and/or controls 28,677,908 relevant securities of DS Smith PLC. The disclosure was made on 30 May 2024, with the latest practicable date prior to the disclosure being 29 May 2024.
The disclosure also includes details of a sale of 779,458 securities of DS Smith PLC at a price of £3.6920 per unit. 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.
The disclosure does not include any indemnity or other dealing arrangements, agreements, arrangements, or understandings relating to options or derivatives. Additionally, no supplemental form for open positions is attached to the disclosure.
For any further information, the contact person provided is Hannah Azlin, with a telephone number of 020 8162 0906. Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service, and the Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.