| 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 | | |||||
| | positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | DS SMITH PLC | |||||
| | relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an | | |||||
| | offeror/offeree, state this and specify identity of | ||||||
| | offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 15 Jan 2025 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: | | | |||
| | disclosures in respect of any other party to the offer? | INTERNATIONAL PAPER COMPANY | | ||||
| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree | | |||||
| | to which the disclosure relates following the dealing(if any) | | |||||
| Class of relevant security: | 10p ordinary | ||||||
| | Interests | Short Positions | |||||
| | Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned | | | | | ||
| | and/or controlled: | | | 32,872,532 | 2.38% | 27,133,559 | 1.97% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,838,877 | 0.93% | 30,926,704 | 2.24% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 45,711,409 | 3.31% | 58,060,263 | 4.21% |
| (b) | Rights to subscribe for new securities (including directors and other executive | | |||||
| | options) | | | | | | |
| Class of relevant security in relation to | | | | | |||
| which subscription right exists | | | | | |||
| Details, including nature of the rights | | | | | |||
| concerned and relevant percentages: | | | | | |||
| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales | | | | | | |
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security | | securities | | ||||
| 10p ordinary | Purchase | 408,521 | 5.7650 GBP | ||||
| 10p ordinary | Purchase | 125,358 | 5.7683 GBP | ||||
| 10p ordinary | Purchase | 111,531 | 5.7600 GBP | ||||
| 10p ordinary | Purchase | 54,950 | 5.7405 GBP | ||||
| 10p ordinary | Purchase | 35,966 | 5.7710 GBP | ||||
| 10p ordinary | Purchase | 31,369 | 5.7724 GBP | ||||
| 10p ordinary | Purchase | 27,877 | 5.7400 GBP | ||||
| 10p ordinary | Purchase | 21,079 | 5.7675 GBP | ||||
| 10p ordinary | Purchase | 17,044 | 5.7806 GBP | ||||
| 10p ordinary | Purchase | 15,067 | 5.7511 GBP | ||||
| 10p ordinary | Purchase | 12,735 | 5.7512 GBP | ||||
| 10p ordinary | Purchase | 10,015 | 5.7572 GBP | ||||
| 10p ordinary | Purchase | 8,480 | 5.7509 GBP | ||||
| 10p ordinary | Purchase | 6,071 | 5.7461 GBP | ||||
| 10p ordinary | Purchase | 6,069 | 5.7647 GBP | ||||
| 10p ordinary | Purchase | 6,030 | 5.7573 GBP | ||||
| 10p ordinary | Purchase | 5,892 | 5.7578 GBP | ||||
| 10p ordinary | Purchase | 5,805 | 5.7504 GBP | ||||
| 10p ordinary | Purchase | 5,099 | 5.7685 GBP | ||||
| 10p ordinary | Purchase | 4,574 | 5.7693 GBP | ||||
| 10p ordinary | Purchase | 4,032 | 5.7567 GBP | ||||
| 10p ordinary | Purchase | 3,695 | 5.7649 GBP | ||||
| 10p ordinary | Purchase | 3,618 | 5.7517 GBP | ||||
| 10p ordinary | Purchase | 3,537 | 5.8100 GBP | ||||
| 10p ordinary | Purchase | 3,303 | 5.7375 GBP | ||||
| 10p ordinary | Purchase | 2,979 | 5.7510 GBP | ||||
| 10p ordinary | Purchase | 2,848 | 5.7463 GBP | ||||
| 10p ordinary | Purchase | 2,718 | 5.7540 GBP | ||||
| 10p ordinary | Purchase | 2,137 | 5.7520 GBP | ||||
| 10p ordinary | Purchase | 2,018 | 5.7814 GBP | ||||
| 10p ordinary | Purchase | 1,712 | 5.7613 GBP | ||||
| 10p ordinary | Purchase | 1,617 | 5.7450 GBP | ||||
| 10p ordinary | Purchase | 1,608 | 5.7785 GBP | ||||
| 10p ordinary | Purchase | 1,077 | 5.7381 GBP | ||||
| 10p ordinary | Purchase | 1,069 | 5.7775 GBP | ||||
| 10p ordinary | Purchase | 924 | 5.7522 GBP | ||||
| 10p ordinary | Purchase | 906 | 5.7500 GBP | ||||
| 10p ordinary | Purchase | 789 | 5.8098 GBP | ||||
| 10p ordinary | Purchase | 642 | 5.8200 GBP | ||||
| 10p ordinary | Purchase | 456 | 5.7653 GBP | ||||
| 10p ordinary | Purchase | 306 | 5.8050 GBP | ||||
| 10p ordinary | Purchase | 211 | 5.7525 GBP | ||||
| 10p ordinary | Purchase | 13 | 5.7627 GBP | ||||
| 10p ordinary | Sale | 3,775,303 | 5.7500 GBP | ||||
| 10p ordinary | Sale | 330,166 | 5.7652 GBP | ||||
| 10p ordinary | Sale | 71,557 | 5.7650 GBP | ||||
| 10p ordinary | Sale | 60,564 | 5.7608 GBP | ||||
| 10p ordinary | Sale | 57,657 | 5.7757 GBP | ||||
| 10p ordinary | Sale | 53,998 | 5.7645 GBP | ||||
| 10p ordinary | Sale | 38,352 | 5.7454 GBP | ||||
| 10p ordinary | Sale | 13,595 | 5.7765 GBP | ||||
| 10p ordinary | Sale | 12,965 | 5.7450 GBP | ||||
| 10p ordinary | Sale | 9,420 | 5.7726 GBP | ||||
| 10p ordinary | Sale | 4,784 | 5.7541 GBP | ||||
| 10p ordinary | Sale | 3,588 | 5.7476 GBP | ||||
| 10p ordinary | Sale | 3,186 | 5.7600 GBP | ||||
| 10p ordinary | Sale | 2,935 | 5.7377 GBP | ||||
| 10p ordinary | Sale | 2,545 | 5.7596 GBP | ||||
| 10p ordinary | Sale | 2,332 | 5.7806 GBP | ||||
| 10p ordinary | Sale | 2,206 | 5.7552 GBP | ||||
| 10p ordinary | Sale | 1,785 | 5.7363 GBP | ||||
| 10p ordinary | Sale | 1,775 | 5.7745 GBP | ||||
| 10p ordinary | Sale | 1,278 | 5.7333 GBP | ||||
| 10p ordinary | Sale | 1,228 | 5.7350 GBP | ||||
| 10p ordinary | Sale | 789 | 5.8100 GBP | ||||
| 10p ordinary | Sale | 622 | 5.7200 GBP | ||||
| 10p ordinary | Sale | 617 | 5.7300 GBP | ||||
| 10p ordinary | Sale | 553 | 5.7400 GBP | ||||
| 10p ordinary | Sale | 306 | 5.8050 GBP | ||||
| 10p ordinary | Sale | 203 | 5.7571 GBP | ||||
| 10p ordinary | Sale | 44 | 5.7456 GBP | ||||
| 10p ordinary | Sale | 31 | 5.7750 GBP | ||||
| 10p ordinary | Sale | 7 | 5.7692 GBP | ||||
| 10p ordinary | Sale | 3 | 5.7516 GBP | ||||
| 10p ordinary | Sale | 2 | 5.7625 GBP | ||||
| | | | | | | | |
| (b) | Cash-settled derivative transactions | | |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description | | reference | unit | |||
| security | | | securities | | |||
| 10p ordinary | SWAP | Increasing Short | 55,785 | 5.7673 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 12,507 | 5.7679 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,754 | 5.7331 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,772 | 5.7450 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,588 | 5.7476 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 142,164 | 5.7650 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 62,331 | 5.7683 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 57,657 | 5.7757 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 108 | 5.7500 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,480 | 5.7509 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,979 | 5.7510 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,712 | 5.7612 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,236 | 5.7641 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 64,099 | 5.7650 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 117,806 | 5.7668 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 35,966 | 5.7710 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 12,942 | 5.7714 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17,044 | 5.7806 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 22,579 | 5.7629 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 69,980 | 5.7650 GBP | |||
| 10p ordinary | CFD | Increasing Short | 94,442 | 5.7650 GBP | |||
| | | | | | | | |
| (c) | Stock-settled derivative transactions (including options) | | |||||
| (i) | Writing, selling, purchasing or varying | | |||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price | | date | money |
| relevant | | selling, | securities | per unit | | | paid/ |
| security | | varying etc | to which | | | | received |
| | | | option | | | | per unit |
| | | | relates | | | | |
| | | | | | | | |
| | | | | | | | |
| (ii) | Exercising | | | | | | |
| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
| security | | | securities | unit | |||
| | | | | | |||
| | | | | | | | |
| (d) | Other dealings (including subscribing for new securities) | | |||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security | | | applicable) | ||||
| | | | | ||||
| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements | | |||||
| Details of any indemnity or option arrangement, or any agreement or understanding, | | | |||||
| formal or informal, relating to relevant securities which may be an inducement to deal | | | |||||
| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party | | ||||||
| to the offer or any person acting in concert with a party to the offer: | | | | ||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives | | |||||
| Details of any agreement, arrangement or understanding, formal or informal, between | | | |||||
| the person making the disclosure and any other person relating to: | | | |||||
| (i) the voting rights of any relevant securities under any option; or | | | | ||||
| (ii) the voting rights of future acquisition or disposal of any relevant securities to which | | | |||||
| any derivative is referenced: | | | | | | | |
| NONE | |||||||
| (c) | Attachments | | | | | | |
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 16 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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