Davidson Kempner Capital Management Discloses Position in Smith (DS) plc

Davidson Kempner Capital Management and Smith (DS) plc

Davidson Kempner Capital Management LP, a well-known player in the investment management landscape, recently made a public disclosure regarding its position in relation to Smith (DS) plc. This disclosure is an important part of the regulatory framework aimed at maintaining transparency in financial markets, particularly when significant stakes are involved.

Key Information on the Disclosure

The disclosure reveals some essential details about Davidson Kempner's significant interests in the relevant securities of Smith (DS) plc. It outlines the firm’s full name, which is Davidson Kempner Capital Management LP, and indicates that they hold interests representing more than 1% of the securities of Smith (DS) plc.

Owner of Interests

It is crucial to note that the information concerning the owner or controller of the interests disclosed can significantly impact how the investments are perceived by the market. While the disclosure does not provide further detail on the controller of these interests, it emphasizes the need for transparency especially when nominee or vehicle companies are involved.

Details of the Position Held

According to the rules governing these disclosures, Davidson Kempner has made it clear that they are managing substantial cash-settled derivative positions. Specifically, they revealed holding 17,458,857 cash-settled derivatives, representing 1.27% of the total relevant securities. Such a significant holding underlines Davidson Kempner's confidence in the future performance of Smith (DS) plc, indicating bullish sentiment.

Other Stakeholders

Furthermore, Davidson Kempner indicated that they are also making disclosures in relation to another party involved in the offer, notably International Paper Company. This interconnectedness of entities in financial dealings can often suggest that there are strategic partnerships or considerations at play.

Recent Dealings by Davidson Kempner

As part of their ongoing strategy, Davidson Kempner provided insight into their recent transactions involving the 10p ordinary shares of Smith (DS) plc. The firm has engaged in multiple transactions, including increasing long positions through CFDs. Their trades involved quantities of 230,000, 429,416, and 202,512 units at various prices per unit, demonstrating an active approach to managing their portfolio.

Derivative Transactions

In addition to these activities, Davidson Kempner also engaged in various cash-settled derivative transactions, indicating a diverse strategy aimed at leveraging potential gains while managing risks. The nature of these trades—such as increasing long positions—reflects tactical maneuvers designed to capitalize on market dynamics.

Compliance and Transparency

The compliance framework under which Davidson Kempner operates necessitates that they make these disclosures to a Regulatory Information Service. This practice not only aligns with the rules established by the Takeover Panel but also serves to enhance market transparency, fostering a fair trading environment for all participants.

Contact Information

Alex McMillan, their designated contact, can be reached at 646 282 5805 for any inquiries related to this disclosure, ensuring that stakeholders have direct access to information and can seek clarification when needed.

Frequently Asked Questions

What is the purpose of Davidson Kempner's disclosure?

The disclosure aims to inform the market about significant interests held in Smith (DS) plc, ensuring compliance with regulatory requirements.

What types of securities does Davidson Kempner hold?

They hold significant cash-settled derivatives and have made substantial investments in Smith (DS) plc's ordinary shares.

Who is the contact person for this disclosure?

Alex McMillan is the contact for inquiries and can be reached at 646 282 5805.

What actions are taken by Davidson Kempner in relation to Smith (DS) plc?

Davidson Kempner has engaged in various transactions, primarily increasing their long positions through CFDs, reflecting a strategic investment approach.

Are there other parties involved in this transaction?

Yes, they also disclosed interests in relation to International Paper Company, indicating a broader market engagement.

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