| 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: | 19 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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| 28,598,244 | 2.07% | 23,178,384 | 1.67% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,034,533 | 0.87% | 27,566,513 | 2.00% |
| (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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| 40,632,777 | 2.94% | 50,744,897 | 3.67% |
| (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 | 1,538,678 | 5.6600 GBP | ||||
| 10p ordinary | Purchase | 475,813 | 5.6997 GBP | ||||
| 10p ordinary | Purchase | 240,729 | 5.7000 GBP | ||||
| 10p ordinary | Purchase | 115,566 | 5.6988 GBP | ||||
| 10p ordinary | Purchase | 48,595 | 5.6799 GBP | ||||
| 10p ordinary | Purchase | 39,379 | 5.6698 GBP | ||||
| 10p ordinary | Purchase | 21,010 | 5.6760 GBP | ||||
| 10p ordinary | Purchase | 20,363 | 5.7011 GBP | ||||
| 10p ordinary | Purchase | 12,508 | 5.6684 GBP | ||||
| 10p ordinary | Purchase | 7,780 | 5.6663 GBP | ||||
| 10p ordinary | Purchase | 6,267 | 5.6787 GBP | ||||
| 10p ordinary | Purchase | 5,681 | 5.6908 GBP | ||||
| 10p ordinary | Purchase | 4,489 | 5.6947 GBP | ||||
| 10p ordinary | Purchase | 3,898 | 5.6741 GBP | ||||
| 10p ordinary | Purchase | 2,526 | 5.6800 GBP | ||||
| 10p ordinary | Purchase | 2,447 | 5.6807 GBP | ||||
| 10p ordinary | Purchase | 2,079 | 5.6846 GBP | ||||
| 10p ordinary | Purchase | 1,722 | 5.6775 GBP | ||||
| 10p ordinary | Purchase | 1,617 | 5.6679 GBP | ||||
| 10p ordinary | Purchase | 1,298 | 5.6964 GBP | ||||
| 10p ordinary | Purchase | 1,187 | 5.7069 GBP | ||||
| 10p ordinary | Purchase | 555 | 5.6894 GBP | ||||
| 10p ordinary | Purchase | 419 | 5.6875 GBP | ||||
| 10p ordinary | Sale | 232,320 | 5.7000 GBP | ||||
| 10p ordinary | Sale | 77,640 | 5.6629 GBP | ||||
| 10p ordinary | Sale | 76,459 | 5.6722 GBP | ||||
| 10p ordinary | Sale | 71,954 | 5.6511 GBP | ||||
| 10p ordinary | Sale | 67,129 | 5.6858 GBP | ||||
| 10p ordinary | Sale | 62,502 | 5.6742 GBP | ||||
| 10p ordinary | Sale | 21,098 | 5.6709 GBP | ||||
| 10p ordinary | Sale | 21,010 | 5.6765 GBP | ||||
| 10p ordinary | Sale | 20,471 | 5.6632 GBP | ||||
| 10p ordinary | Sale | 19,460 | 5.6992 GBP | ||||
| 10p ordinary | Sale | 16,185 | 5.6747 GBP | ||||
| 10p ordinary | Sale | 16,037 | 5.6782 GBP | ||||
| 10p ordinary | Sale | 11,152 | 5.6600 GBP | ||||
| 10p ordinary | Sale | 8,081 | 5.6661 GBP | ||||
| 10p ordinary | Sale | 7,853 | 5.7037 GBP | ||||
| 10p ordinary | Sale | 7,780 | 5.6669 GBP | ||||
| 10p ordinary | Sale | 7,346 | 5.6592 GBP | ||||
| 10p ordinary | Sale | 6,491 | 5.6930 GBP | ||||
| 10p ordinary | Sale | 6,467 | 5.6801 GBP | ||||
| 10p ordinary | Sale | 6,148 | 5.6725 GBP | ||||
| 10p ordinary | Sale | 6,066 | 5.6812 GBP | ||||
| 10p ordinary | Sale | 5,778 | 5.6626 GBP | ||||
| 10p ordinary | Sale | 5,575 | 5.6647 GBP | ||||
| 10p ordinary | Sale | 4,336 | 5.7100 GBP | ||||
| 10p ordinary | Sale | 3,680 | 5.6536 GBP | ||||
| 10p ordinary | Sale | 3,424 | 5.6508 GBP | ||||
| 10p ordinary | Sale | 3,335 | 5.6695 GBP | ||||
| 10p ordinary | Sale | 3,281 | 5.6735 GBP | ||||
| 10p ordinary | Sale | 3,197 | 5.6732 GBP | ||||
| 10p ordinary | Sale | 2,758 | 5.6554 GBP | ||||
| 10p ordinary | Sale | 2,719 | 5.6407 GBP | ||||
| 10p ordinary | Sale | 2,336 | 5.6630 GBP | ||||
| 10p ordinary | Sale | 1,940 | 5.6603 GBP | ||||
| 10p ordinary | Sale | 1,790 | 5.6450 GBP | ||||
| 10p ordinary | Sale | 1,257 | 5.6901 GBP | ||||
| 10p ordinary | Sale | 1,224 | 5.6800 GBP | ||||
| 10p ordinary | Sale | 1,157 | 5.7129 GBP | ||||
| 10p ordinary | Sale | 1,098 | 5.6562 GBP | ||||
| 10p ordinary | Sale | 858 | 5.6750 GBP | ||||
| 10p ordinary | Sale | 850 | 5.6575 GBP | ||||
| 10p ordinary | Sale | 829 | 5.6730 GBP | ||||
| 10p ordinary | Sale | 717 | 5.6550 GBP | ||||
| 10p ordinary | Sale | 555 | 5.6900 GBP | ||||
| 10p ordinary | Sale | 515 | 5.6400 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 | 26,578 | 5.6755 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 71,954 | 5.6511 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 59,626 | 5.6597 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,962 | 5.6615 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,982 | 5.6632 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,523 | 5.6652 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,652 | 5.6670 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 76,459 | 5.6722 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 62,502 | 5.6742 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,257 | 5.6901 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 26,271 | 5.6997 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,570 | 5.7000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 39,379 | 5.6698 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,824 | 5.6828 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,489 | 5.6947 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,298 | 5.6964 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 27,356 | 5.6985 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 225,666 | 5.6993 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,881 | 5.7000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 109,410 | 5.7002 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,676 | 5.7010 USD | |||
| 10p ordinary | SWAP | Increasing Short | 20,363 | 5.7011 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,187 | 5.7069 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 195 | 5.7200 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 50,000 | 5.6593 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 16,570 | 5.6674 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 873 | 5.7000 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,538,678 | 5.6600 GBP | |||
| 10p ordinary | CFD | Increasing Short | 224,443 | 5.7000 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: | 20 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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