| FORM 8.3 | |||||||
| PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY | |||||||
| A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR | |||||||
| MORE | |||||||
| Rule 8.3 of the Takeover Code (the "Code") | |||||||
| 1. | KEY INFORMATION | ||||||
| (a) | Full name of discloser: |
| Barclays PLC. | ||||
| (b) | Owner or controller of interest and short |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | DS SMITH PLC | |||||
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| relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
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| offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 18 Sep 2024 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | INTERNATIONAL PAPER COMPANY |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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| Class of relevant security: | 10p ordinary | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 32,316,385 | 2.34% | 28,977,975 | 2.10% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,242,714 | 0.81% | 32,008,264 | 2.32% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 43,559,099 | 3.16% | 60,986,239 | 4.42% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
| securities |
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| 10p ordinary | Purchase | 364,448 | 4.7957 GBP | ||||
| 10p ordinary | Purchase | 89,797 | 4.7881 GBP | ||||
| 10p ordinary | Purchase | 87,151 | 4.7960 GBP | ||||
| 10p ordinary | Purchase | 72,285 | 4.7868 GBP | ||||
| 10p ordinary | Purchase | 71,564 | 4.7876 GBP | ||||
| 10p ordinary | Purchase | 61,893 | 4.7959 GBP | ||||
| 10p ordinary | Purchase | 59,259 | 4.7962 GBP | ||||
| 10p ordinary | Purchase | 50,083 | 4.7893 GBP | ||||
| 10p ordinary | Purchase | 47,550 | 4.7890 GBP | ||||
| 10p ordinary | Purchase | 46,259 | 4.7948 GBP | ||||
| 10p ordinary | Purchase | 41,381 | 4.7967 GBP | ||||
| 10p ordinary | Purchase | 41,080 | 4.7902 GBP | ||||
| 10p ordinary | Purchase | 33,663 | 4.7945 GBP | ||||
| 10p ordinary | Purchase | 25,838 | 4.7925 GBP | ||||
| 10p ordinary | Purchase | 12,157 | 4.7995 GBP | ||||
| 10p ordinary | Purchase | 12,110 | 4.8000 GBP | ||||
| 10p ordinary | Purchase | 11,776 | 4.7846 GBP | ||||
| 10p ordinary | Purchase | 10,164 | 4.7923 GBP | ||||
| 10p ordinary | Purchase | 9,869 | 4.7964 GBP | ||||
| 10p ordinary | Purchase | 9,344 | 4.8012 GBP | ||||
| 10p ordinary | Purchase | 8,346 | 4.7914 GBP | ||||
| 10p ordinary | Purchase | 3,919 | 4.7979 GBP | ||||
| 10p ordinary | Purchase | 2,926 | 4.7719 GBP | ||||
| 10p ordinary | Purchase | 2,533 | 4.8074 GBP | ||||
| 10p ordinary | Purchase | 2,493 | 4.8003 GBP | ||||
| 10p ordinary | Purchase | 2,403 | 4.8077 GBP | ||||
| 10p ordinary | Purchase | 1,784 | 4.8100 GBP | ||||
| 10p ordinary | Purchase | 1,511 | 4.8120 GBP | ||||
| 10p ordinary | Purchase | 1,310 | 4.7740 GBP | ||||
| 10p ordinary | Purchase | 1,297 | 4.7800 GBP | ||||
| 10p ordinary | Purchase | 1,245 | 4.8080 GBP | ||||
| 10p ordinary | Purchase | 1,205 | 4.7720 GBP | ||||
| 10p ordinary | Purchase | 965 | 4.7940 GBP | ||||
| 10p ordinary | Purchase | 923 | 4.8110 GBP | ||||
| 10p ordinary | Purchase | 846 | 4.7920 GBP | ||||
| 10p ordinary | Purchase | 671 | 4.8060 GBP | ||||
| 10p ordinary | Purchase | 661 | 4.7860 GBP | ||||
| 10p ordinary | Purchase | 652 | 4.7680 GBP | ||||
| 10p ordinary | Purchase | 650 | 4.7820 GBP | ||||
| 10p ordinary | Purchase | 425 | 4.7840 GBP | ||||
| 10p ordinary | Purchase | 420 | 4.7760 GBP | ||||
| 10p ordinary | Purchase | 331 | 4.7980 GBP | ||||
| 10p ordinary | Purchase | 59 | 4.7700 GBP | ||||
| 10p ordinary | Sale | 504,135 | 4.7960 GBP | ||||
| 10p ordinary | Sale | 228,416 | 4.7968 GBP | ||||
| 10p ordinary | Sale | 100,000 | 4.7922 GBP | ||||
| 10p ordinary | Sale | 69,109 | 4.7810 GBP | ||||
| 10p ordinary | Sale | 64,784 | 4.7950 GBP | ||||
| 10p ordinary | Sale | 32,784 | 4.7835 GBP | ||||
| 10p ordinary | Sale | 21,521 | 4.7955 GBP | ||||
| 10p ordinary | Sale | 14,089 | 4.7819 GBP | ||||
| 10p ordinary | Sale | 11,054 | 4.7920 GBP | ||||
| 10p ordinary | Sale | 9,994 | 4.7820 GBP | ||||
| 10p ordinary | Sale | 7,108 | 4.8000 GBP | ||||
| 10p ordinary | Sale | 6,013 | 4.7901 GBP | ||||
| 10p ordinary | Sale | 5,181 | 4.7945 GBP | ||||
| 10p ordinary | Sale | 4,227 | 4.7817 GBP | ||||
| 10p ordinary | Sale | 3,577 | 4.7967 GBP | ||||
| 10p ordinary | Sale | 2,926 | 4.7719 GBP | ||||
| 10p ordinary | Sale | 2,866 | 4.7903 GBP | ||||
| 10p ordinary | Sale | 2,182 | 4.7775 GBP | ||||
| 10p ordinary | Sale | 1,945 | 4.7962 GBP | ||||
| 10p ordinary | Sale | 1,791 | 4.7675 GBP | ||||
| 10p ordinary | Sale | 1,645 | 4.7911 GBP | ||||
| 10p ordinary | Sale | 1,565 | 4.8048 GBP | ||||
| 10p ordinary | Sale | 1,511 | 4.8120 GBP | ||||
| 10p ordinary | Sale | 1,310 | 4.7740 GBP | ||||
| 10p ordinary | Sale | 1,297 | 4.7800 GBP | ||||
| 10p ordinary | Sale | 1,286 | 4.7762 GBP | ||||
| 10p ordinary | Sale | 1,245 | 4.8080 GBP | ||||
| 10p ordinary | Sale | 1,205 | 4.7720 GBP | ||||
| 10p ordinary | Sale | 1,095 | 4.7939 GBP | ||||
| 10p ordinary | Sale | 790 | 4.7880 GBP | ||||
| 10p ordinary | Sale | 661 | 4.7860 GBP | ||||
| 10p ordinary | Sale | 652 | 4.7680 GBP | ||||
| 10p ordinary | Sale | 592 | 4.7969 GBP | ||||
| 10p ordinary | Sale | 527 | 4.7700 GBP | ||||
| 10p ordinary | Sale | 420 | 4.7760 GBP | ||||
| 10p ordinary | Sale | 154 | 4.7940 GBP | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| 10p ordinary | SWAP | Decreasing Short | 69,109 | 4.7810 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 36,107 | 4.7840 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,313 | 4.7908 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,645 | 4.7911 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 153,731 | 4.7960 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,945 | 4.7962 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,382 | 4.8000 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 68,265 | 4.8166 USD | |||
| 10p ordinary | SWAP | Increasing Short | 679 | 4.7740 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 20,408 | 4.7873 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 71,564 | 4.7876 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 89,797 | 4.7881 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 50,083 | 4.7893 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 44,854 | 4.7894 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 195,442 | 4.7940 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 41,381 | 4.7967 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 51,599 | 4.7989 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,403 | 4.8077 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,784 | 4.8100 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 923 | 4.8110 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 376 | 4.8180 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 485 | 4.7786 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,725 | 4.7959 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 86,898 | 4.7960 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1 | 4.8000 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,725 | 4.7959 GBP | |||
| 10p ordinary | CFD | Increasing Short | 608 | 4.7960 GBP | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the person making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 19 Sep 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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