| 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: | 28 Jun 2024 | |||||
| (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: | | | 27,371,269 | 1.98% | 22,687,972 | 1.64% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 9,307,603 | 0.67% | 26,593,738 | 1.93% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 36,678,872 | 2.66% | 49,281,710 | 3.57% |
| (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 | 1,565,749 | 4.2099 GBP | ||||
| 10p ordinary | Purchase | 1,194,428 | 4.2620 GBP | ||||
| 10p ordinary | Purchase | 510,000 | 4.1870 GBP | ||||
| 10p ordinary | Purchase | 503,407 | 4.2122 GBP | ||||
| 10p ordinary | Purchase | 500,000 | 3.9319 GBP | ||||
| 10p ordinary | Purchase | 406,500 | 4.1928 GBP | ||||
| 10p ordinary | Purchase | 269,183 | 4.2076 GBP | ||||
| 10p ordinary | Purchase | 250,000 | 4.1918 GBP | ||||
| 10p ordinary | Purchase | 242,221 | 4.1844 GBP | ||||
| 10p ordinary | Purchase | 172,870 | 4.2109 GBP | ||||
| 10p ordinary | Purchase | 151,531 | 4.2302 GBP | ||||
| 10p ordinary | Purchase | 140,000 | 4.1908 GBP | ||||
| 10p ordinary | Purchase | 135,500 | 4.1882 GBP | ||||
| 10p ordinary | Purchase | 113,643 | 4.2020 GBP | ||||
| 10p ordinary | Purchase | 100,000 | 4.1816 GBP | ||||
| 10p ordinary | Purchase | 100,000 | 4.1809 GBP | ||||
| 10p ordinary | Purchase | 93,022 | 4.1974 GBP | ||||
| 10p ordinary | Purchase | 81,336 | 4.1795 GBP | ||||
| 10p ordinary | Purchase | 78,009 | 4.1895 GBP | ||||
| 10p ordinary | Purchase | 65,700 | 4.2055 GBP | ||||
| 10p ordinary | Purchase | 57,286 | 4.2019 GBP | ||||
| 10p ordinary | Purchase | 43,253 | 4.1819 GBP | ||||
| 10p ordinary | Purchase | 39,400 | 4.2044 GBP | ||||
| 10p ordinary | Purchase | 33,064 | 4.1922 GBP | ||||
| 10p ordinary | Purchase | 26,443 | 4.1860 GBP | ||||
| 10p ordinary | Purchase | 25,336 | 4.1818 GBP | ||||
| 10p ordinary | Purchase | 24,973 | 4.2129 GBP | ||||
| 10p ordinary | Purchase | 23,410 | 4.2108 GBP | ||||
| 10p ordinary | Purchase | 23,312 | 4.0654 GBP | ||||
| 10p ordinary | Purchase | 18,299 | 4.1999 GBP | ||||
| 10p ordinary | Purchase | 16,532 | 4.1745 GBP | ||||
| 10p ordinary | Purchase | 16,532 | 4.1755 GBP | ||||
| 10p ordinary | Purchase | 15,795 | 4.1917 GBP | ||||
| 10p ordinary | Purchase | 15,718 | 4.2100 GBP | ||||
| 10p ordinary | Purchase | 15,367 | 4.2277 GBP | ||||
| 10p ordinary | Purchase | 14,621 | 4.1765 GBP | ||||
| 10p ordinary | Purchase | 13,397 | 4.2297 GBP | ||||
| 10p ordinary | Purchase | 12,203 | 4.2087 GBP | ||||
| 10p ordinary | Purchase | 9,646 | 4.1891 GBP | ||||
| 10p ordinary | Purchase | 8,767 | 4.2312 GBP | ||||
| 10p ordinary | Purchase | 6,700 | 4.1874 GBP | ||||
| 10p ordinary | Purchase | 5,441 | 4.1863 GBP | ||||
| 10p ordinary | Purchase | 5,069 | 4.1800 GBP | ||||
| 10p ordinary | Purchase | 4,051 | 4.2233 GBP | ||||
| 10p ordinary | Purchase | 3,457 | 4.1955 GBP | ||||
| 10p ordinary | Purchase | 3,420 | 4.2009 GBP | ||||
| 10p ordinary | Purchase | 3,394 | 4.1828 GBP | ||||
| 10p ordinary | Purchase | 3,332 | 4.1836 GBP | ||||
| 10p ordinary | Purchase | 3,116 | 4.1780 GBP | ||||
| 10p ordinary | Purchase | 3,068 | 4.1820 GBP | ||||
| 10p ordinary | Purchase | 2,717 | 4.2171 GBP | ||||
| 10p ordinary | Purchase | 2,478 | 4.1973 GBP | ||||
| 10p ordinary | Purchase | 2,385 | 4.1810 GBP | ||||
| 10p ordinary | Purchase | 2,049 | 4.2169 GBP | ||||
| 10p ordinary | Purchase | 1,736 | 4.2324 GBP | ||||
| 10p ordinary | Purchase | 1,697 | 4.1814 GBP | ||||
| 10p ordinary | Purchase | 1,650 | 4.2300 GBP | ||||
| 10p ordinary | Purchase | 1,606 | 4.1907 GBP | ||||
| 10p ordinary | Purchase | 1,474 | 4.2022 GBP | ||||
| 10p ordinary | Purchase | 1,472 | 4.2114 GBP | ||||
| 10p ordinary | Purchase | 1,289 | 4.1847 GBP | ||||
| 10p ordinary | Purchase | 1,281 | 4.2200 GBP | ||||
| 10p ordinary | Purchase | 1,255 | 4.2000 GBP | ||||
| 10p ordinary | Purchase | 966 | 4.1861 GBP | ||||
| 10p ordinary | Purchase | 956 | 4.2088 GBP | ||||
| 10p ordinary | Purchase | 882 | 4.1740 GBP | ||||
| 10p ordinary | Purchase | 840 | 4.1720 GBP | ||||
| 10p ordinary | Purchase | 759 | 4.2260 GBP | ||||
| 10p ordinary | Purchase | 583 | 4.1840 GBP | ||||
| 10p ordinary | Sale | 1,722,186 | 4.2100 GBP | ||||
| 10p ordinary | Sale | 353,905 | 4.2099 GBP | ||||
| 10p ordinary | Sale | 273,254 | 4.2025 GBP | ||||
| 10p ordinary | Sale | 243,969 | 4.2087 GBP | ||||
| 10p ordinary | Sale | 228,906 | 4.2102 GBP | ||||
| 10p ordinary | Sale | 180,649 | 4.1832 GBP | ||||
| 10p ordinary | Sale | 172,374 | 4.2007 GBP | ||||
| 10p ordinary | Sale | 143,596 | 4.2003 GBP | ||||
| 10p ordinary | Sale | 119,081 | 4.1933 GBP | ||||
| 10p ordinary | Sale | 105,644 | 4.2116 GBP | ||||
| 10p ordinary | Sale | 100,000 | 4.2233 GBP | ||||
| 10p ordinary | Sale | 100,000 | 4.2261 GBP | ||||
| 10p ordinary | Sale | 94,869 | 4.2026 GBP | ||||
| 10p ordinary | Sale | 84,739 | 4.1975 GBP | ||||
| 10p ordinary | Sale | 84,697 | 4.1837 GBP | ||||
| 10p ordinary | Sale | 80,776 | 4.1815 GBP | ||||
| 10p ordinary | Sale | 63,180 | 4.1814 GBP | ||||
| 10p ordinary | Sale | 61,821 | 4.1858 GBP | ||||
| 10p ordinary | Sale | 33,738 | 4.1931 GBP | ||||
| 10p ordinary | Sale | 29,436 | 4.1845 GBP | ||||
| 10p ordinary | Sale | 25,486 | 4.2022 GBP | ||||
| 10p ordinary | Sale | 20,208 | 4.2170 GBP | ||||
| 10p ordinary | Sale | 19,145 | 4.2093 GBP | ||||
| 10p ordinary | Sale | 13,616 | 4.1825 GBP | ||||
| 10p ordinary | Sale | 11,872 | 4.2117 GBP | ||||
| 10p ordinary | Sale | 10,038 | 4.1945 GBP | ||||
| 10p ordinary | Sale | 10,000 | 4.0406 GBP | ||||
| 10p ordinary | Sale | 10,000 | 4.2052 GBP | ||||
| 10p ordinary | Sale | 9,810 | 4.2162 GBP | ||||
| 10p ordinary | Sale | 8,075 | 4.2124 GBP | ||||
| 10p ordinary | Sale | 7,171 | 4.2143 GBP | ||||
| 10p ordinary | Sale | 6,631 | 4.1870 GBP | ||||
| 10p ordinary | Sale | 6,500 | 4.2130 GBP | ||||
| 10p ordinary | Sale | 5,864 | 4.2065 GBP | ||||
| 10p ordinary | Sale | 5,253 | 4.1841 GBP | ||||
| 10p ordinary | Sale | 5,069 | 4.1800 GBP | ||||
| 10p ordinary | Sale | 5,044 | 4.2150 GBP | ||||
| 10p ordinary | Sale | 4,292 | 4.1790 GBP | ||||
| 10p ordinary | Sale | 4,236 | 4.2059 GBP | ||||
| 10p ordinary | Sale | 3,116 | 4.1780 GBP | ||||
| 10p ordinary | Sale | 2,755 | 4.2111 GBP | ||||
| 10p ordinary | Sale | 2,738 | 4.1720 GBP | ||||
| 10p ordinary | Sale | 2,572 | 4.1822 GBP | ||||
| 10p ordinary | Sale | 2,320 | 4.1820 GBP | ||||
| 10p ordinary | Sale | 1,828 | 4.1819 GBP | ||||
| 10p ordinary | Sale | 1,650 | 4.2300 GBP | ||||
| 10p ordinary | Sale | 1,529 | 4.1840 GBP | ||||
| 10p ordinary | Sale | 1,220 | 4.1810 GBP | ||||
| 10p ordinary | Sale | 882 | 4.1740 GBP | ||||
| 10p ordinary | Sale | 515 | 4.1880 GBP | ||||
| 10p ordinary | Sale | 453 | 4.2140 GBP | ||||
| 10p ordinary | Sale | 444 | 4.2000 GBP | ||||
| 10p ordinary | Sale | 68 | 4.2020 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 | Opening Long | 550,615 | 4.2100 GBP | |||
| 10p ordinary | CFD | Increasing Long | 413 | 4.2000 GBP | |||
| 10p ordinary | CFD | Increasing Long | 360,356 | 4.2099 GBP | |||
| 10p ordinary | CFD | Increasing Long | 25 | 4.2100 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 413 | 4.2000 GBP | |||
| 10p ordinary | CFD | Decreasing Long | 4,628 | 4.2100 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 4,782 | 4.2037 GBP | |||
| 10p ordinary | SWAP | Opening Long | 13,224 | 4.2097 GBP | |||
| 10p ordinary | SWAP | Closing Long | 4,688 | 4.2100 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,292 | 4.2134 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 7,200 | 4.1855 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 36 | 4.2066 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 19,145 | 4.2093 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,572 | 4.1822 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 515 | 4.1880 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 42,407 | 4.1926 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 172,374 | 4.2007 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 453 | 4.2140 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 150,000 | 3.9319 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,289 | 4.1847 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 78,000 | 4.1870 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 342,000 | 4.1906 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 972 | 4.1955 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 115,583 | 4.2025 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 21,402 | 4.2098 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 209,617 | 4.2100 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 503,407 | 4.2122 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,194,428 | 4.2620 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 94,869 | 4.2026 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,182 | 4.2021 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 22,791 | 4.2140 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 23,312 | 4.0654 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,532 | 4.1745 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,532 | 4.1755 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 33,064 | 4.1922 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 79,689 | 4.2014 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 243,969 | 4.2087 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 350,000 | 3.9319 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 182,000 | 4.1870 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 840,000 | 4.1906 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 170,606 | 4.2100 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,281 | 4.2200 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: | 01 Jul 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
| | | | | | | | |
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