..A leading supplier of recycled packaging in Europe

With a turnover in 2011/12 of £2.0 billion and employing more than 20,000 people, DS Smith Plc is an international supplier of recycled packaging for consumer goods.

On 30 June 2012 DS Smith acquired SCA Packaging. On a combined basis, the group is now the second largest manufacturer of corrugated products in Europe. We are also a leading worldwide supplier of bag-in-box packaging and a leading European supplier of plastic returnable transit packaging. The combined Group now has revenues of approximately £4 billion (based on a combination of historically reported figures and a 12 month contribution from both businesses).

DS Smith is a FTSE 250 company listed on the London Stock Exchange and headquartered in Maidenhead.

http://www.dssmith.com/

11:40 18/05/2018
Broker Forecast - Davy Research issues a broker note on Smith (DS) PLC
Davy Research today upgrades its investment rating on Smith (DS) PLC (LON:SMDS) to outperform (from neutral). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

Acquisition

PROPOSED ACQUISITION OF EUROPAC AND FULLY UNDERWRITTEN RIGHTS ISSUE

Final results

Highlights
· Strong organic box volume growth of +5.2%
o Growth in all regions
· Continued delivery in line with medium-term targets
o Strong margin performance despite significant input cost headwinds
o Sustainable financial returns
· Continued leadership in e-commerce packaging
· Excellent performance by North American business
o Delivering well ahead of initial expectations
o Returns greater than WACC in initial period of ownership
· Further accretive bolt-ons in Europe and US
o EcoPack and EcoPaper (Romania) in March 2018
o Corrugated Container Corporation (US) in May 2018
· Proposed acquisition of Europac
o Highly compelling strategic rationale and financial returns
· Strategic review of Plastics division underway
· Good momentum into 2018/19

10:00 19/06/2018
Broker Forecast - Berenberg issues a broker note on Smith (DS) PLC
Berenberg today reaffirms its buy investment rating on Smith (DS) PLC (LON:SMDS) and raised its price target to 630p (from 570p). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

DS Smith launches £1bn share issue to fund Papeles y Cartones de Europa deal
StockMarketWire.com
Packaging group DS Smith launched a £1bn share issue help fund its €1.67bn (£1.43bn) acquisition of Papeles y Cartones de Europa.

Three new shares in the company would be issued for each 11 already held at an offer price of 350p each.

The issue price represented a discount of around 30.9% to the theoretical ex-rights price, based on the closing middle-market price of the shares on 18 June, DS Smith said.

The new shares would represent around 21.4% of the enlarged company's share capital. Story provided by StockMarketWire.com

hi dreamcatcher,
do you know when to declare interest? (Interactive investor is not quite sure)
thx

Hope this helps robinhood



3 for 11 Rights Issue at 350 pence per New Share.

Details of the Rights Issue

Pursuant to the Rights Issue, the Company is proposing to offer 293,064,829 New Shares by way of a Rights Issue to qualifying shareholders other than to shareholders with a registered address in one of the Excluded Territories, subject to certain exceptions. The offer is to be made at 350 pence per New Share, payable in full on acceptance by no later than 11.00 a.m. on 24 July 2018. The Rights Issue is expected to raise proceeds of approximately £1,000 million net of expenses. The Issue Price represents a discount of approximately 30.9 per cent. to the theoretical ex-rights price based on the closing middle-market price of 549.6 pence per existing share on 18 June 2018 (being the latest business day before the announcement of the terms of the Rights Issue).
The New Shares, when issued and fully paid, will rank pari passu in all respects with the Existing Shares, including the right to receive dividends or distributions made, paid or declared after the date of the issue of the New Shares. Applications will be made to the FCA and to the London Stock Exchange for the New Shares to be admitted to the Official List and to trading on the London Stock Exchange. It is expected that Admission will occur and that dealings in the New Shares (nil paid) on the London Stock Exchange will commence at 8.00 a.m. on 10 July 2018.
293,064,829 New Shares will be issued, providing approximate net proceeds (after costs and expenses associated with the Rights Issue) of c. £1,000 million to be used to finance the Acquisition.

Thx dreamcatcher

Cheers robinhood.


10:50 27/06/2018
Broker Forecast - Numis issues a broker note on Smith (DS) PLC
Numis today upgrades its investment rating on Smith (DS) PLC (LON:SMDS) to add (from hold). Story provided by StockMarketWire.com Broker Forecasts data provided by www.sharesmagazine.co.uk

ANNOUNCEMENT OF RESULTS OF RIGHTS ISSUE
RNS
RNS Number : 6530V
Smith (DS) PLC
25 July 2018

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO ANY OF THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA, SWITZERLAND, THE UNITED ARAB EMIRATES OR ANY JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

25 July 2018

For immediate release

DS SMITH PLC
ANNOUNCEMENT OF RESULTS OF RIGHTS ISSUE


DS Smith Plc ("DS Smith" or the "Company") today announces that the 3 for 11 Rights Issue of 293,068,454 New Ordinary Shares at 350 pence per New Ordinary Share announced on 19 June 2018 closed for acceptances at 11:00 a.m. (London time) on 24 July 2018. The Company received valid acceptances in respect of 282,893,119 New Ordinary Shares, representing approximately 96.5 per cent. of the total number of New Ordinary Shares to be issued pursuant to the fully underwritten Rights Issue.

It is expected that the New Ordinary Shares in uncertificated form will be credited to CREST accounts as soon as practicable after 8.00 a.m on 25 July 2018 and that definitive share certificates in respect of New Ordinary Shares in certificated form will be dispatched to Shareholders by no later than 3 August 2018.

It is expected that the New Ordinary Shares will commence trading, fully paid, on the London Stock Exchange plc's main market for listed securities on 25 July 2018.

In accordance with their obligations under the Underwriting Agreement as Joint Underwriters in respect of the Rights Issue as set out in the Prospectus, Goldman Sachs International, J.P. Morgan Securities plc, which conducts its UK investment banking activities as J.P. Morgan Cazenove and Citigroup Global Markets Limited will endeavour to procure subscribers for the remaining 10,175,335 New Ordinary Shares not validly taken up in the Rights Issue, failing which the Joint Underwriters have agreed to acquire, in proportion to their underwriting commitment, any remaining New Ordinary Shares.

The net proceeds from the placing of such New Ordinary Shares (after the deduction of the Issue Price of 350 pence per New Ordinary Share and the expenses of procuring subscribers including any applicable brokerage and commissions and amounts in respect of VAT which are not recoverable), if any, will be paid (without interest) to those persons whose rights have lapsed in accordance with the terms of the Rights Issue, pro rata to their lapsed provisional allotments, save that individual amounts of less than £5 will not be paid to such persons but will be aggregated and paid to the Company.

A further announcement as to the number of New Ordinary Shares for which subscribers have been procured will be made in due course.

1 Aug
Peel Hunt
N/A
Buy

Anyone in the know why down 3% today?

2.25% down at the bell. Not to bad considering the poor market.

22 Aug
Jefferies...
N/A
Hold

Q1 AGM Trading Statement
RNS
RNS Number : 6395Z
Smith (DS) PLC
04 September 2018

4 September 2018

DS Smith Plc - Q1 AGM trading statement

DS Smith Plc ("DS Smith"), today issues a trading update in respect of the period since 1 May 2018. DS Smith will hold its Annual General Meeting at 12 noon today.

Trading update
We continue to be excited by our prospects. Our focus on sustainable packaging in resilient and growing sectors, including FMCG and e-commerce, is consistently driving market share gains. We have seen good like for like volume growth in the year to date, with progress in all geographic regions.

Recovery of input cost increases from earlier in the calendar year is in line with our expectations, with the consequent positive margin impact. Cashflow has also remained a focus in the period as we maintain a disciplined approach to working capital and capex. Trading remains in line with our expectations.

Interstate Resources, our North America Paper and Packaging division, continues to perform very strongly. Integration continues to go well and we have added additional capacity and further enhanced our customer offering via the acquisition of Corrugated Container Corp, which completed on 1 June 2018. We are delighted with the customer reaction, with a number of major customers seeking to partner with DS Smith for their packaging solutions in both Europe and the US.

Update on Europac
On 4 June 2018 we announced the proposed acquisition of Papeles y Cartones de Europa, S.A., ("Europac"), for €16.80 per share and an implied enterprise value of €1,904m. The required regulatory approval process is progressing as expected and we anticipate completion in calendar Q4 2018, as previously indicated. Preparation for integration is continuing at pace and we look forward to welcoming Europac to the DS Smith group.

Strategic review of Plastics division
In June 2018 we announced a strategic review of our Plastics division. Progress has been positive and we will update further as appropriate.

Miles Roberts, Group Chief Executive, said:
"I am pleased with our momentum in the year to date, in a period when we also announced a significant acquisition and associated equity fundraising to expand our position in the important Iberia region. The corrugated packaging industry continues to demonstrate excellent growth prospects, driven by changing shopping habits, e-commerce, and the ever-increasing relevance of sustainability. DS Smith is in a strong position, as a market leader, to capitalise on these opportunities, and the Board looks to the future with confidence. "

was (since 2011)-still am-and will be (for the moment) holding this lovely "baby"in my portfolio.
Admittedly I am probably too heavy into this one but hey so good so far and long may it continue which I believe it will with all the recycling momentum /awareness prevalent.
Am a strong believer that any recycling industry will be the stock to invest into right now.
Check out current crowd funding of MacRebur as an example

4 Sep
Numis
N/A
Add
4 Sep
Peel Hunt
N/A
Buy

11:40 07/09/2018
Director Deals - Smith (DS) PLC (SMDS)
Adrian Marsh, Financial Director, bought 7,978 shares in the company on the 4th September 2018 at a price of 502.71p. The Director now holds 400,525 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk
11:40 07/09/2018
Director Deals - Smith (DS) PLC (SMDS)
Adrian Marsh, Financial Director, sold post-exercise 175,373 shares in the company on the 4th September 2018 at a price of 491.60p. The Director now holds 392,547 shares. NOTE: Sold to meet tax liabilities etc. Story provided by StockMarketWire.com Director deals data provided by...
11:40 07/09/2018
Director Deals - Smith (DS) PLC (SMDS)
Adrian Marsh, Financial Director, exercised 285,510 shares in the company on the 4th September 2018 at a price of 0.00p. The Director now holds 567,920 shares. Story provided by StockMarketWire.com Director deals data provided by www.sharesmagazine.co.uk

Pre-close Trading Statement
RNS
RNS Number : 4085G
Smith (DS) PLC
06 November 2018

6 November 2018

DS Smith Plc - pre close trading statement

DS Smith Plc today issues a pre-close trading update in respect of the half-year ended 31 October 2018.

Trading
The business continues to perform in line with our expectations, with the industry and business trends consistent with our trading update of 4 September 2018. We expect return on sales and adjusted operating profit in the half-year to be materially ahead of the comparable period following recovery of increased input costs earlier in the year and good volume growth from our highly resilient FMCG focussed business. The integration of Interstate Resources continues to go very well, with major customers now procuring from us in both Europe and the US.

We remain highly focussed on cash management and anticipate cash flow from operations to be significantly ahead of the prior period. The previously announced strategic review of our plastics division is progressing well.

The regulatory process for the proposed acquisition of Europac continues to be in line with our expectations, with completion of the acquisition expected by the end of the calendar year. We are excited about the prospects for this business and the opportunity for DS Smith to expand further in the important growth market of Iberia.

Miles Roberts, Group Chief Executive, said:
"We are very pleased with the performance in the half year, in particular the margin development, and the continued excellent progress and integration of Interstate Resources. We continue to see strong customer support to our innovative sustainable packaging, responding to the dynamic requirements of our customers. We expect good ongoing volume and market share growth, look forward to the completion of Europac and view the future with confidence."

DS Smith gets Spanish regulator nod for Europac takeover
StockMarketWire.com
Packaging company DS Smith said the Spanish Securities Market Commission had authorised its proposed acquisition of Papeles y Cartones de Europa, known as Europac.

DS Smith said it expected offer documentation to be posted to Europac shareholders as soon as practicable.

'We look forward to completing the formal takeover process and integrating Europac into DS Smith to the benefit of all our stakeholders,' chief executive Miles Roberts said.

'This acquisition is a fantastic opportunity to enhance our customer coverage and offering in this important region.'

At 3:06pm: (LON:SMDS) Smith DS PLC share price was +1.35p at 345.05p


Story provided by StockMarketWire.com