| 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: | 06 Nov 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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| 23,975,861 | 1.73% | 23,913,990 | 1.73% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,560,662 | 0.91% | 23,225,066 | 1.68% |
| (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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| 36,536,523 | 2.64% | 47,139,056 | 3.41% |
| (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 | 1,743,998 | 5.6001 GBP | ||||
| 10p ordinary | Purchase | 576,524 | 5.7379 GBP | ||||
| 10p ordinary | Purchase | 363,064 | 5.7386 GBP | ||||
| 10p ordinary | Purchase | 354,303 | 5.7690 GBP | ||||
| 10p ordinary | Purchase | 213,000 | 5.7643 GBP | ||||
| 10p ordinary | Purchase | 132,489 | 5.5750 GBP | ||||
| 10p ordinary | Purchase | 117,163 | 5.7650 GBP | ||||
| 10p ordinary | Purchase | 71,681 | 5.7646 GBP | ||||
| 10p ordinary | Purchase | 70,565 | 5.7319 GBP | ||||
| 10p ordinary | Purchase | 55,967 | 5.7095 GBP | ||||
| 10p ordinary | Purchase | 36,549 | 5.7516 GBP | ||||
| 10p ordinary | Purchase | 33,244 | 5.7366 GBP | ||||
| 10p ordinary | Purchase | 33,140 | 5.7630 GBP | ||||
| 10p ordinary | Purchase | 28,429 | 5.7687 GBP | ||||
| 10p ordinary | Purchase | 19,995 | 5.7540 GBP | ||||
| 10p ordinary | Purchase | 16,499 | 5.7722 GBP | ||||
| 10p ordinary | Purchase | 16,071 | 5.7710 GBP | ||||
| 10p ordinary | Purchase | 9,305 | 5.7700 GBP | ||||
| 10p ordinary | Purchase | 9,242 | 5.7491 GBP | ||||
| 10p ordinary | Purchase | 9,206 | 5.7660 GBP | ||||
| 10p ordinary | Purchase | 8,170 | 5.7610 GBP | ||||
| 10p ordinary | Purchase | 4,409 | 5.7587 GBP | ||||
| 10p ordinary | Purchase | 4,096 | 5.7631 GBP | ||||
| 10p ordinary | Purchase | 3,496 | 5.7470 GBP | ||||
| 10p ordinary | Purchase | 3,299 | 5.7499 GBP | ||||
| 10p ordinary | Purchase | 3,145 | 5.7657 GBP | ||||
| 10p ordinary | Purchase | 2,565 | 5.7496 GBP | ||||
| 10p ordinary | Purchase | 2,555 | 5.7768 GBP | ||||
| 10p ordinary | Purchase | 2,499 | 5.7723 GBP | ||||
| 10p ordinary | Purchase | 2,259 | 5.7504 GBP | ||||
| 10p ordinary | Purchase | 2,157 | 5.7186 GBP | ||||
| 10p ordinary | Purchase | 1,769 | 5.7638 GBP | ||||
| 10p ordinary | Purchase | 1,555 | 5.7618 GBP | ||||
| 10p ordinary | Purchase | 1,283 | 5.7181 GBP | ||||
| 10p ordinary | Purchase | 1,183 | 5.7250 GBP | ||||
| 10p ordinary | Purchase | 800 | 5.6700 GBP | ||||
| 10p ordinary | Purchase | 655 | 5.7628 GBP | ||||
| 10p ordinary | Purchase | 618 | 5.7725 GBP | ||||
| 10p ordinary | Purchase | 564 | 5.7550 GBP | ||||
| 10p ordinary | Purchase | 512 | 5.8050 GBP | ||||
| 10p ordinary | Purchase | 115 | 5.7494 GBP | ||||
| 10p ordinary | Sale | 666,114 | 5.7392 GBP | ||||
| 10p ordinary | Sale | 445,199 | 5.7702 GBP | ||||
| 10p ordinary | Sale | 302,697 | 5.7686 GBP | ||||
| 10p ordinary | Sale | 300,000 | 5.7685 GBP | ||||
| 10p ordinary | Sale | 268,462 | 5.7650 GBP | ||||
| 10p ordinary | Sale | 172,962 | 5.7733 GBP | ||||
| 10p ordinary | Sale | 111,335 | 5.7100 GBP | ||||
| 10p ordinary | Sale | 67,326 | 5.7677 GBP | ||||
| 10p ordinary | Sale | 57,408 | 5.7889 GBP | ||||
| 10p ordinary | Sale | 45,287 | 5.7691 GBP | ||||
| 10p ordinary | Sale | 33,140 | 5.7630 GBP | ||||
| 10p ordinary | Sale | 23,221 | 5.7655 GBP | ||||
| 10p ordinary | Sale | 16,875 | 5.7642 GBP | ||||
| 10p ordinary | Sale | 13,018 | 5.7638 GBP | ||||
| 10p ordinary | Sale | 11,115 | 5.7690 GBP | ||||
| 10p ordinary | Sale | 9,850 | 5.7793 GBP | ||||
| 10p ordinary | Sale | 9,458 | 5.7663 GBP | ||||
| 10p ordinary | Sale | 9,206 | 5.7660 GBP | ||||
| 10p ordinary | Sale | 9,024 | 5.7643 GBP | ||||
| 10p ordinary | Sale | 8,759 | 5.7616 GBP | ||||
| 10p ordinary | Sale | 8,284 | 5.7703 GBP | ||||
| 10p ordinary | Sale | 7,973 | 5.7713 GBP | ||||
| 10p ordinary | Sale | 7,169 | 5.7742 GBP | ||||
| 10p ordinary | Sale | 7,030 | 5.7516 GBP | ||||
| 10p ordinary | Sale | 5,831 | 5.7618 GBP | ||||
| 10p ordinary | Sale | 5,747 | 5.7817 GBP | ||||
| 10p ordinary | Sale | 5,154 | 5.7363 GBP | ||||
| 10p ordinary | Sale | 4,956 | 5.7754 GBP | ||||
| 10p ordinary | Sale | 4,600 | 5.7645 GBP | ||||
| 10p ordinary | Sale | 3,849 | 5.7723 GBP | ||||
| 10p ordinary | Sale | 3,789 | 5.7708 GBP | ||||
| 10p ordinary | Sale | 3,376 | 5.7431 GBP | ||||
| 10p ordinary | Sale | 3,263 | 5.7641 GBP | ||||
| 10p ordinary | Sale | 2,004 | 5.7773 GBP | ||||
| 10p ordinary | Sale | 1,388 | 5.7925 GBP | ||||
| 10p ordinary | Sale | 1,183 | 5.7250 GBP | ||||
| 10p ordinary | Sale | 1,021 | 5.7673 GBP | ||||
| 10p ordinary | Sale | 723 | 5.7700 GBP | ||||
| 10p ordinary | Sale | 676 | 5.7652 GBP | ||||
| 10p ordinary | Sale | 564 | 5.7550 GBP | ||||
| 10p ordinary | Sale | 551 | 5.7750 GBP | ||||
| 10p ordinary | Sale | 515 | 5.7600 GBP | ||||
| 10p ordinary | Sale | 512 | 5.8050 GBP | ||||
| 10p ordinary | Sale | 110 | 5.7694 GBP | ||||
| 10p ordinary | Sale | 107 | 5.7575 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 | 27,689 | 5.7668 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,030 | 5.7516 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 101,189 | 5.7635 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,018 | 5.7638 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,600 | 5.7645 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 24,038 | 5.7649 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 107,607 | 5.7650 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 128,405 | 5.7652 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 28,035 | 5.7679 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 300,000 | 5.7685 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 36,516 | 5.7695 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 445,199 | 5.7702 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,973 | 5.7713 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 172,962 | 5.7733 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,747 | 5.7817 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 57,408 | 5.7889 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 132,489 | 5.5750 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,283 | 5.7181 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 576,524 | 5.7379 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 655 | 5.7628 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 476 | 5.7648 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 36,266 | 5.7650 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 45,640 | 5.7656 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,145 | 5.7657 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 93,752 | 5.7700 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 34,555 | 5.7714 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,499 | 5.7722 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 618 | 5.7725 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 3,025 | 5.7472 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 23,277 | 5.7530 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 95 | 5.7650 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 50,000 | 5.7683 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 50,000 | 5.7895 GBP | |||
| 10p ordinary | CFD | Increasing Short | 33,140 | 5.7630 GBP | |||
| 10p ordinary | CFD | Increasing Short | 95 | 5.7650 GBP | |||
| 10p ordinary | CFD | Increasing Short | 284,421 | 5.7707 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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| securities | unit | |||
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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: | 07 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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