Davidson Kempner Capital Management's Position on Smith plc
Davidson Kempner Capital Management LP Disclosure
Davidson Kempner Capital Management LP has provided a public disclosure in adherence to the rules governing takeover codes. This disclosure reflects their holdings in relevant securities that exceed 1%. The transparency in these dealings ensures regulatory compliance and maintains the integrity of market activities.
Key Information Overview
The full name of the disclosing entity is Davidson Kempner Capital Management LP. They are actively engaged in managing their interests related to Smith (DS) plc, among other companies. This form of disclosure is critical as it outlines the ownership and short positions held in the target company.
Current Positions
Following recent transactions, Davidson Kempner holds significant interests in the securities of Smith (DS) plc. A total of 17,472,479 cash-settled derivatives were reported, representing approximately 1.27% of the company's equity. Such substantial holdings reflect the firm's strategic interest in the performance and future growth of Smith (DS) plc.
Details of Recent Dealings
In the context of their recent dealings, Davidson Kempner disclosed that they have engaged in both purchasing and increasing positions in the target securities. Notably, they have increased a long position in the 10p Ordinary shares contributing to their overall strategy with Smith (DS) plc.
Cash-Settled Derivative Transactions
Specifically, Davidson Kempner executed CFD transactions where they raised their long position through acquiring 13,622 shares at a price of GBP 4.6858 per unit. These dealings reflect a calculated approach to leverage their positions effectively in line with market movements.
Other Relevant Information
Additionally, no indemnity or other arrangement has been reported that could affect the dealings related to their interests in Smith (DS) plc. This reinforces Davidson Kempner's position as a committed stakeholder without conflicting interests interfering with their trading activities.
Company Contact Information
The disclosure was communicated by Alex McMillan, who can be reached at the telephone number 646 282 5805 for any inquiries regarding this position or related matters. It is essential for existing shareholders and potential investors to stay informed about such significant disclosures as they provide insight into the activities and strategies of influential market participants.
Frequently Asked Questions
1. What is the purpose of Davidson Kempner's disclosure?
The disclosure serves to inform the market about significant shareholdings and any changes in positions related to Smith (DS) plc, ensuring regulatory compliance and transparency.
2. Who is Davidson Kempner Capital Management LP?
Davidson Kempner Capital Management LP is an investment management firm known for its active roles in various markets and interest in notable companies.
3. What does the term 'cash-settled derivatives' mean?
Cash-settled derivatives represent contracts that pay in cash rather than delivering the underlying asset, reflecting value adjustments based on market prices.
4. How do these disclosures affect stock prices?
Such disclosures can influence stock prices as they provide insights into investor confidence and market sentiment regarding the company in question.
5. How can I contact Davidson Kempner for more information?
Interested parties can reach out to Alex McMillan at 646 282 5805 for additional details regarding their disclosures and investment strategies.
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