| 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: | 29 Apr 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 COMAPNY |
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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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| 21,351,323 | 1.55% | 7,925,186 | 0.57% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 7,847,052 | 0.57% | 20,723,414 | 1.50% |
| (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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| 29,198,375 | 2.12% | 28,648,600 | 2.08% |
| (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 | 563,733 | 3.5160 GBP | ||||
| 10p ordinary | Purchase | 412,173 | 3.5053 GBP | ||||
| 10p ordinary | Purchase | 300,000 | 3.4327 GBP | ||||
| 10p ordinary | Purchase | 290,063 | 3.4564 GBP | ||||
| 10p ordinary | Purchase | 226,354 | 3.4895 GBP | ||||
| 10p ordinary | Purchase | 223,224 | 3.5084 GBP | ||||
| 10p ordinary | Purchase | 203,687 | 3.4223 GBP | ||||
| 10p ordinary | Purchase | 201,130 | 3.4811 GBP | ||||
| 10p ordinary | Purchase | 198,947 | 3.4652 GBP | ||||
| 10p ordinary | Purchase | 173,171 | 3.4736 GBP | ||||
| 10p ordinary | Purchase | 121,981 | 3.4260 GBP | ||||
| 10p ordinary | Purchase | 82,505 | 3.4731 GBP | ||||
| 10p ordinary | Purchase | 81,263 | 3.4821 GBP | ||||
| 10p ordinary | Purchase | 66,428 | 3.5086 GBP | ||||
| 10p ordinary | Purchase | 56,055 | 3.4729 GBP | ||||
| 10p ordinary | Purchase | 54,197 | 3.4773 GBP | ||||
| 10p ordinary | Purchase | 39,141 | 3.5000 GBP | ||||
| 10p ordinary | Purchase | 32,945 | 3.4691 GBP | ||||
| 10p ordinary | Purchase | 31,160 | 3.4926 GBP | ||||
| 10p ordinary | Purchase | 18,984 | 3.4630 GBP | ||||
| 10p ordinary | Purchase | 14,818 | 3.5165 GBP | ||||
| 10p ordinary | Purchase | 14,747 | 3.4932 GBP | ||||
| 10p ordinary | Purchase | 13,047 | 3.4810 GBP | ||||
| 10p ordinary | Purchase | 11,471 | 3.4563 GBP | ||||
| 10p ordinary | Purchase | 9,804 | 3.4182 GBP | ||||
| 10p ordinary | Purchase | 8,624 | 3.4993 GBP | ||||
| 10p ordinary | Purchase | 7,675 | 3.5103 GBP | ||||
| 10p ordinary | Purchase | 7,273 | 3.4900 GBP | ||||
| 10p ordinary | Purchase | 7,266 | 3.4804 GBP | ||||
| 10p ordinary | Purchase | 6,397 | 3.4947 GBP | ||||
| 10p ordinary | Purchase | 5,513 | 3.5023 GBP | ||||
| 10p ordinary | Purchase | 5,013 | 3.4817 GBP | ||||
| 10p ordinary | Purchase | 4,615 | 3.4158 GBP | ||||
| 10p ordinary | Purchase | 4,030 | 3.4700 GBP | ||||
| 10p ordinary | Purchase | 3,911 | 3.4537 GBP | ||||
| 10p ordinary | Purchase | 3,845 | 3.4828 GBP | ||||
| 10p ordinary | Purchase | 3,528 | 3.4974 GBP | ||||
| 10p ordinary | Purchase | 3,447 | 3.4519 GBP | ||||
| 10p ordinary | Purchase | 3,310 | 3.4090 GBP | ||||
| 10p ordinary | Purchase | 2,811 | 3.4420 GBP | ||||
| 10p ordinary | Purchase | 2,796 | 3.3940 GBP | ||||
| 10p ordinary | Purchase | 1,962 | 3.4760 GBP | ||||
| 10p ordinary | Purchase | 936 | 3.5100 GBP | ||||
| 10p ordinary | Purchase | 860 | 3.4440 GBP | ||||
| 10p ordinary | Purchase | 400 | 3.4302 GBP | ||||
| 10p ordinary | Purchase | 350 | 3.5120 GBP | ||||
| 10p ordinary | Purchase | 86 | 3.4340 GBP | ||||
| 10p ordinary | Purchase | 80 | 3.4356 GBP | ||||
| 10p ordinary | Purchase | 67 | 3.4360 GBP | ||||
| 10p ordinary | Purchase | 1 | 3.5149 GBP | ||||
| 10p ordinary | Sale | 650,648 | 3.5092 GBP | ||||
| 10p ordinary | Sale | 533,181 | 3.5059 GBP | ||||
| 10p ordinary | Sale | 318,892 | 3.4878 GBP | ||||
| 10p ordinary | Sale | 257,677 | 3.4098 GBP | ||||
| 10p ordinary | Sale | 211,807 | 3.4228 GBP | ||||
| 10p ordinary | Sale | 190,188 | 3.5161 GBP | ||||
| 10p ordinary | Sale | 169,589 | 3.4984 GBP | ||||
| 10p ordinary | Sale | 75,532 | 3.5160 GBP | ||||
| 10p ordinary | Sale | 47,952 | 3.4989 GBP | ||||
| 10p ordinary | Sale | 38,749 | 3.4959 GBP | ||||
| 10p ordinary | Sale | 35,257 | 3.4888 GBP | ||||
| 10p ordinary | Sale | 20,625 | 3.4666 GBP | ||||
| 10p ordinary | Sale | 13,886 | 3.4492 GBP | ||||
| 10p ordinary | Sale | 13,516 | 3.5063 GBP | ||||
| 10p ordinary | Sale | 5,644 | 3.5084 GBP | ||||
| 10p ordinary | Sale | 5,367 | 3.4435 GBP | ||||
| 10p ordinary | Sale | 5,018 | 3.4370 GBP | ||||
| 10p ordinary | Sale | 3,982 | 3.5140 GBP | ||||
| 10p ordinary | Sale | 2,858 | 3.4211 GBP | ||||
| 10p ordinary | Sale | 2,825 | 3.4760 GBP | ||||
| 10p ordinary | Sale | 1,999 | 3.4089 GBP | ||||
| 10p ordinary | Sale | 1,969 | 3.4987 GBP | ||||
| 10p ordinary | Sale | 1,968 | 3.4342 GBP | ||||
| 10p ordinary | Sale | 1,841 | 3.5000 GBP | ||||
| 10p ordinary | Sale | 1,370 | 3.3940 GBP | ||||
| 10p ordinary | Sale | 1,355 | 3.4320 GBP | ||||
| 10p ordinary | Sale | 1,249 | 3.4340 GBP | ||||
| 10p ordinary | Sale | 1,169 | 3.4260 GBP | ||||
| 10p ordinary | Sale | 1,166 | 3.4939 GBP | ||||
| 10p ordinary | Sale | 950 | 3.4710 GBP | ||||
| 10p ordinary | Sale | 936 | 3.5100 GBP | ||||
| 10p ordinary | Sale | 924 | 3.4420 GBP | ||||
| 10p ordinary | Sale | 876 | 3.5170 GBP | ||||
| 10p ordinary | Sale | 860 | 3.4440 GBP | ||||
| 10p ordinary | Sale | 350 | 3.5120 GBP | ||||
| 10p ordinary | Sale | 158 | 3.4129 GBP | ||||
| 10p ordinary | Sale | 10 | 3.5149 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 Long | 400 | 3.4302 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 9,804 | 3.4182 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 11,492 | 3.5060 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 14,818 | 3.5165 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 54,936 | 3.5092 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1 | 3.4700 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 449 | 3.5159 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,858 | 3.4211 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,018 | 3.4370 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14,457 | 3.5160 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 32,529 | 3.5144 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 35,490 | 3.5160 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 48,695 | 3.5060 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 64,296 | 3.5084 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 318,892 | 3.4878 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 38,749 | 3.4959 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2 | 3.4340 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 946 | 3.4420 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,426 | 3.3940 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,811 | 3.4420 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,965 | 3.4575 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,447 | 3.4519 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,030 | 3.4700 GBP | |||
| 10p ordinary | CFD | Increasing Short | 7,203 | 3.5160 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17,644 | 3.4798 GBP | |||
| 10p ordinary | CFD | Increasing Short | 33,227 | 3.5159 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 36,866 | 3.4213 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 44,452 | 3.4327 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 66,214 | 3.4567 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 71,324 | 3.4682 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 120,812 | 3.4261 GBP | |||
| 10p ordinary | CFD | Increasing Short | 147,128 | 3.4968 GBP | |||
| 10p ordinary | CFD | Increasing Short | 167,485 | 3.4951 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 177,854 | 3.4568 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 201,130 | 3.4811 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 223,224 | 3.5084 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 255,548 | 3.4327 GBP | |||
| 10p ordinary | SWAP | Opening Long | 80,463 | 3.4698 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: | 30 Apr 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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