| 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: | 06 Sep 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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| 32,703,981 | 2.37% | 28,548,211 | 2.07% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,093,287 | 0.80% | 32,342,607 | 2.34% |
| (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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| 43,797,268 | 3.17% | 60,890,818 | 4.41% |
| (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 | 371,762 | 4.4775 GBP | ||||
| 10p ordinary | Purchase | 181,138 | 4.5220 GBP | ||||
| 10p ordinary | Purchase | 147,384 | 4.5020 GBP | ||||
| 10p ordinary | Purchase | 119,837 | 4.4960 GBP | ||||
| 10p ordinary | Purchase | 85,027 | 4.4717 GBP | ||||
| 10p ordinary | Purchase | 84,199 | 4.4726 GBP | ||||
| 10p ordinary | Purchase | 78,545 | 4.5127 GBP | ||||
| 10p ordinary | Purchase | 52,390 | 4.5181 GBP | ||||
| 10p ordinary | Purchase | 48,480 | 4.5262 GBP | ||||
| 10p ordinary | Purchase | 39,225 | 4.5027 GBP | ||||
| 10p ordinary | Purchase | 28,282 | 4.4994 GBP | ||||
| 10p ordinary | Purchase | 28,011 | 4.5177 GBP | ||||
| 10p ordinary | Purchase | 15,746 | 4.4720 GBP | ||||
| 10p ordinary | Purchase | 15,404 | 4.5189 GBP | ||||
| 10p ordinary | Purchase | 14,947 | 4.5122 GBP | ||||
| 10p ordinary | Purchase | 11,350 | 4.5239 GBP | ||||
| 10p ordinary | Purchase | 10,995 | 4.4962 GBP | ||||
| 10p ordinary | Purchase | 9,805 | 4.4938 GBP | ||||
| 10p ordinary | Purchase | 9,553 | 4.4973 GBP | ||||
| 10p ordinary | Purchase | 9,226 | 4.4941 GBP | ||||
| 10p ordinary | Purchase | 8,490 | 4.4893 GBP | ||||
| 10p ordinary | Purchase | 8,250 | 4.5170 GBP | ||||
| 10p ordinary | Purchase | 8,081 | 4.4935 GBP | ||||
| 10p ordinary | Purchase | 6,195 | 4.4953 GBP | ||||
| 10p ordinary | Purchase | 6,024 | 4.5270 GBP | ||||
| 10p ordinary | Purchase | 4,407 | 4.4926 GBP | ||||
| 10p ordinary | Purchase | 4,335 | 4.5086 GBP | ||||
| 10p ordinary | Purchase | 4,086 | 4.5285 GBP | ||||
| 10p ordinary | Purchase | 4,044 | 4.5300 GBP | ||||
| 10p ordinary | Purchase | 4,016 | 4.5180 GBP | ||||
| 10p ordinary | Purchase | 3,985 | 4.5097 GBP | ||||
| 10p ordinary | Purchase | 3,676 | 4.5000 GBP | ||||
| 10p ordinary | Purchase | 3,481 | 4.4937 GBP | ||||
| 10p ordinary | Purchase | 3,314 | 4.5254 GBP | ||||
| 10p ordinary | Purchase | 3,178 | 4.5295 GBP | ||||
| 10p ordinary | Purchase | 2,845 | 4.4940 GBP | ||||
| 10p ordinary | Purchase | 2,723 | 4.5012 GBP | ||||
| 10p ordinary | Purchase | 2,373 | 4.4967 GBP | ||||
| 10p ordinary | Purchase | 1,992 | 4.5292 GBP | ||||
| 10p ordinary | Purchase | 1,926 | 4.5143 GBP | ||||
| 10p ordinary | Purchase | 1,362 | 4.4888 GBP | ||||
| 10p ordinary | Purchase | 1,311 | 4.5258 GBP | ||||
| 10p ordinary | Purchase | 1,016 | 4.4980 GBP | ||||
| 10p ordinary | Purchase | 990 | 4.4800 GBP | ||||
| 10p ordinary | Purchase | 784 | 4.5280 GBP | ||||
| 10p ordinary | Purchase | 770 | 4.5240 GBP | ||||
| 10p ordinary | Purchase | 739 | 4.4840 GBP | ||||
| 10p ordinary | Purchase | 711 | 4.4855 GBP | ||||
| 10p ordinary | Purchase | 672 | 4.5400 GBP | ||||
| 10p ordinary | Purchase | 626 | 4.5360 GBP | ||||
| 10p ordinary | Purchase | 103 | 4.5230 GBP | ||||
| 10p ordinary | Sale | 780,422 | 4.4720 GBP | ||||
| 10p ordinary | Sale | 325,438 | 4.4990 GBP | ||||
| 10p ordinary | Sale | 182,057 | 4.5220 GBP | ||||
| 10p ordinary | Sale | 95,699 | 4.5191 GBP | ||||
| 10p ordinary | Sale | 87,929 | 4.4756 GBP | ||||
| 10p ordinary | Sale | 87,179 | 4.4724 GBP | ||||
| 10p ordinary | Sale | 48,480 | 4.5262 GBP | ||||
| 10p ordinary | Sale | 23,498 | 4.4981 GBP | ||||
| 10p ordinary | Sale | 19,490 | 4.5209 GBP | ||||
| 10p ordinary | Sale | 15,583 | 4.5296 GBP | ||||
| 10p ordinary | Sale | 11,731 | 4.5009 GBP | ||||
| 10p ordinary | Sale | 7,098 | 4.5071 GBP | ||||
| 10p ordinary | Sale | 6,036 | 4.5297 GBP | ||||
| 10p ordinary | Sale | 6,024 | 4.5270 GBP | ||||
| 10p ordinary | Sale | 3,720 | 4.5077 GBP | ||||
| 10p ordinary | Sale | 3,314 | 4.5254 GBP | ||||
| 10p ordinary | Sale | 3,171 | 4.5000 GBP | ||||
| 10p ordinary | Sale | 2,912 | 4.4893 GBP | ||||
| 10p ordinary | Sale | 2,540 | 4.4960 GBP | ||||
| 10p ordinary | Sale | 2,101 | 4.5119 GBP | ||||
| 10p ordinary | Sale | 1,464 | 4.4810 GBP | ||||
| 10p ordinary | Sale | 1,409 | 4.4996 GBP | ||||
| 10p ordinary | Sale | 1,311 | 4.5258 GBP | ||||
| 10p ordinary | Sale | 1,202 | 4.5300 GBP | ||||
| 10p ordinary | Sale | 1,145 | 4.5100 GBP | ||||
| 10p ordinary | Sale | 990 | 4.4800 GBP | ||||
| 10p ordinary | Sale | 990 | 4.4801 GBP | ||||
| 10p ordinary | Sale | 895 | 4.4820 GBP | ||||
| 10p ordinary | Sale | 810 | 4.5080 GBP | ||||
| 10p ordinary | Sale | 784 | 4.5280 GBP | ||||
| 10p ordinary | Sale | 539 | 4.5180 GBP | ||||
| 10p ordinary | Sale | 370 | 4.5060 GBP | ||||
| 10p ordinary | Sale | 290 | 4.4947 GBP | ||||
| 10p ordinary | Sale | 111 | 4.4804 GBP | ||||
| 10p ordinary | Sale | 103 | 4.5234 GBP | ||||
| 10p ordinary | Sale | 83 | 4.4752 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 | Increasing Short | 16,289 | 4.4950 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 710,118 | 4.4720 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 78,263 | 4.4729 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,130 | 4.4960 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 83 | 4.5000 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,417 | 4.5020 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,098 | 4.5071 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,720 | 4.5077 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15,583 | 4.5296 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 103,029 | 4.4720 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,204 | 4.4722 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 32,319 | 4.4726 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 253,370 | 4.4783 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 12,805 | 4.5021 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,060 | 4.5024 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 39,225 | 4.5027 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,180 | 4.5040 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,335 | 4.5086 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 78,545 | 4.5127 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 9,378 | 4.5155 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 626 | 4.5360 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 83 | 4.4753 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 6,270 | 4.4966 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: | 09 Sep 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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