| 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: | 07 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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| 23,109,102 | 1.67% | 23,491,096 | 1.70% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,144,326 | 0.88% | 22,177,697 | 1.61% |
| (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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| 35,253,840 | 2.55% | 45,668,793 | 3.31% |
| (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 | 356,909 | 5.7650 GBP | ||||
| 10p ordinary | Purchase | 273,061 | 5.7010 GBP | ||||
| 10p ordinary | Purchase | 246,163 | 5.7051 GBP | ||||
| 10p ordinary | Purchase | 175,216 | 5.6902 GBP | ||||
| 10p ordinary | Purchase | 137,981 | 5.6997 GBP | ||||
| 10p ordinary | Purchase | 65,187 | 5.7011 GBP | ||||
| 10p ordinary | Purchase | 61,748 | 5.6895 GBP | ||||
| 10p ordinary | Purchase | 60,458 | 5.7003 GBP | ||||
| 10p ordinary | Purchase | 41,024 | 5.7507 GBP | ||||
| 10p ordinary | Purchase | 38,112 | 5.6957 GBP | ||||
| 10p ordinary | Purchase | 27,820 | 5.6994 GBP | ||||
| 10p ordinary | Purchase | 22,685 | 5.6874 GBP | ||||
| 10p ordinary | Purchase | 22,351 | 5.6805 GBP | ||||
| 10p ordinary | Purchase | 21,568 | 5.7150 GBP | ||||
| 10p ordinary | Purchase | 14,890 | 5.6886 GBP | ||||
| 10p ordinary | Purchase | 11,216 | 5.7000 GBP | ||||
| 10p ordinary | Purchase | 8,569 | 5.6746 GBP | ||||
| 10p ordinary | Purchase | 7,613 | 5.6880 GBP | ||||
| 10p ordinary | Purchase | 5,075 | 5.7025 GBP | ||||
| 10p ordinary | Purchase | 5,048 | 5.6678 GBP | ||||
| 10p ordinary | Purchase | 4,576 | 5.6919 GBP | ||||
| 10p ordinary | Purchase | 3,837 | 5.7081 GBP | ||||
| 10p ordinary | Purchase | 1,847 | 5.6813 GBP | ||||
| 10p ordinary | Purchase | 1,760 | 5.6857 GBP | ||||
| 10p ordinary | Purchase | 1,700 | 5.7121 GBP | ||||
| 10p ordinary | Purchase | 1,119 | 5.6725 GBP | ||||
| 10p ordinary | Purchase | 1,114 | 5.6812 GBP | ||||
| 10p ordinary | Purchase | 688 | 5.6550 GBP | ||||
| 10p ordinary | Purchase | 513 | 5.6980 GBP | ||||
| 10p ordinary | Purchase | 310 | 5.6875 GBP | ||||
| 10p ordinary | Purchase | 279 | 5.6950 GBP | ||||
| 10p ordinary | Purchase | 240 | 5.7144 GBP | ||||
| 10p ordinary | Purchase | 233 | 5.6900 GBP | ||||
| 10p ordinary | Purchase | 221 | 5.7200 GBP | ||||
| 10p ordinary | Purchase | 87 | 5.7106 GBP | ||||
| 10p ordinary | Purchase | 71 | 5.7215 GBP | ||||
| 10p ordinary | Purchase | 1 | 5.6700 GBP | ||||
| 10p ordinary | Purchase | 1 | 5.6800 GBP | ||||
| 10p ordinary | Sale | 644,959 | 5.7000 GBP | ||||
| 10p ordinary | Sale | 446,443 | 5.6999 GBP | ||||
| 10p ordinary | Sale | 350,000 | 5.6885 GBP | ||||
| 10p ordinary | Sale | 265,376 | 5.7010 GBP | ||||
| 10p ordinary | Sale | 150,000 | 5.6881 GBP | ||||
| 10p ordinary | Sale | 78,699 | 5.6887 GBP | ||||
| 10p ordinary | Sale | 57,677 | 5.6985 GBP | ||||
| 10p ordinary | Sale | 33,763 | 5.7001 GBP | ||||
| 10p ordinary | Sale | 26,260 | 5.6954 GBP | ||||
| 10p ordinary | Sale | 21,251 | 5.6966 GBP | ||||
| 10p ordinary | Sale | 14,890 | 5.6886 GBP | ||||
| 10p ordinary | Sale | 14,462 | 5.7135 GBP | ||||
| 10p ordinary | Sale | 13,359 | 5.7118 GBP | ||||
| 10p ordinary | Sale | 13,100 | 5.6910 GBP | ||||
| 10p ordinary | Sale | 7,267 | 5.6879 GBP | ||||
| 10p ordinary | Sale | 7,207 | 5.6930 GBP | ||||
| 10p ordinary | Sale | 7,139 | 5.6746 GBP | ||||
| 10p ordinary | Sale | 6,603 | 5.6991 GBP | ||||
| 10p ordinary | Sale | 6,119 | 5.6871 GBP | ||||
| 10p ordinary | Sale | 5,153 | 5.6761 GBP | ||||
| 10p ordinary | Sale | 5,048 | 5.6678 GBP | ||||
| 10p ordinary | Sale | 4,933 | 5.6791 GBP | ||||
| 10p ordinary | Sale | 4,600 | 5.6896 GBP | ||||
| 10p ordinary | Sale | 4,504 | 5.7028 GBP | ||||
| 10p ordinary | Sale | 3,820 | 5.7073 GBP | ||||
| 10p ordinary | Sale | 3,650 | 5.7015 GBP | ||||
| 10p ordinary | Sale | 3,189 | 5.7002 GBP | ||||
| 10p ordinary | Sale | 2,987 | 5.6900 GBP | ||||
| 10p ordinary | Sale | 2,816 | 5.6950 GBP | ||||
| 10p ordinary | Sale | 1,847 | 5.6813 GBP | ||||
| 10p ordinary | Sale | 1,636 | 5.6856 GBP | ||||
| 10p ordinary | Sale | 1,532 | 5.6895 GBP | ||||
| 10p ordinary | Sale | 1,430 | 5.6750 GBP | ||||
| 10p ordinary | Sale | 1,371 | 5.7121 GBP | ||||
| 10p ordinary | Sale | 1,250 | 5.6790 GBP | ||||
| 10p ordinary | Sale | 1,014 | 5.6709 GBP | ||||
| 10p ordinary | Sale | 907 | 5.6850 GBP | ||||
| 10p ordinary | Sale | 881 | 5.6700 GBP | ||||
| 10p ordinary | Sale | 688 | 5.6550 GBP | ||||
| 10p ordinary | Sale | 421 | 5.6475 GBP | ||||
| 10p ordinary | Sale | 192 | 5.7155 GBP | ||||
| 10p ordinary | Sale | 1 | 5.6800 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 | 27,440 | 5.6937 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 41,024 | 5.7505 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 150,000 | 5.6881 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 350,000 | 5.6885 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,600 | 5.6896 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,207 | 5.6930 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 80,403 | 5.6963 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,603 | 5.6991 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 752,806 | 5.7000 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 33,763 | 5.7001 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,650 | 5.7015 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,504 | 5.7028 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,359 | 5.7118 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14,462 | 5.7135 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 37 | 5.8800 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 21,189 | 5.6872 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 61,748 | 5.6896 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 166,684 | 5.6902 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 9,792 | 5.6934 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,375 | 5.6984 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 98,147 | 5.7000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 119,299 | 5.7002 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 60,458 | 5.7003 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 65,187 | 5.7011 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 73,633 | 5.7048 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 29,610 | 5.7053 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,837 | 5.7081 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 356,909 | 5.7650 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 86,025 | 5.6895 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,337 | 5.6946 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 265,376 | 5.7010 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1,353 | 5.7027 GBP | |||
| 10p ordinary | CFD | Increasing Short | 50,000 | 5.7154 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: | 08 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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