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 | |||||
| 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 | ||||||
| offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 10 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 | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 32,570,359 | 2.36% | 28,636,766 | 2.07% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 10,977,491 | 0.80% | 32,170,922 | 2.33% |
(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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| 43,547,850 | 3.16% | 60,807,688 | 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 |
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10p ordinary | Purchase | 905,390 | 4.5171 GBP | ||||
10p ordinary | Purchase | 263,756 | 4.5429 GBP | ||||
10p ordinary | Purchase | 150,000 | 4.5430 GBP | ||||
10p ordinary | Purchase | 108,053 | 4.5250 GBP | ||||
10p ordinary | Purchase | 80,668 | 4.5495 GBP | ||||
10p ordinary | Purchase | 70,000 | 4.4961 GBP | ||||
10p ordinary | Purchase | 46,824 | 4.5440 GBP | ||||
10p ordinary | Purchase | 45,425 | 4.5253 GBP | ||||
10p ordinary | Purchase | 39,893 | 4.5424 GBP | ||||
10p ordinary | Purchase | 31,561 | 4.5441 GBP | ||||
10p ordinary | Purchase | 28,128 | 4.5408 GBP | ||||
10p ordinary | Purchase | 27,210 | 4.5413 GBP | ||||
10p ordinary | Purchase | 26,448 | 4.5261 GBP | ||||
10p ordinary | Purchase | 7,166 | 4.5160 GBP | ||||
10p ordinary | Purchase | 5,837 | 4.5251 GBP | ||||
10p ordinary | Purchase | 5,686 | 4.5308 GBP | ||||
10p ordinary | Purchase | 5,432 | 4.5279 GBP | ||||
10p ordinary | Purchase | 4,975 | 4.5399 GBP | ||||
10p ordinary | Purchase | 4,907 | 4.5221 GBP | ||||
10p ordinary | Purchase | 4,673 | 4.5302 GBP | ||||
10p ordinary | Purchase | 4,650 | 4.5264 GBP | ||||
10p ordinary | Purchase | 3,542 | 4.5480 GBP | ||||
10p ordinary | Purchase | 3,234 | 4.5400 GBP | ||||
10p ordinary | Purchase | 2,711 | 4.5378 GBP | ||||
10p ordinary | Purchase | 2,073 | 4.5453 GBP | ||||
10p ordinary | Purchase | 1,688 | 4.5260 GBP | ||||
10p ordinary | Purchase | 1,397 | 4.5180 GBP | ||||
10p ordinary | Purchase | 1,225 | 4.5265 GBP | ||||
10p ordinary | Purchase | 1,128 | 4.5300 GBP | ||||
10p ordinary | Purchase | 853 | 4.5280 GBP | ||||
10p ordinary | Purchase | 789 | 4.5396 GBP | ||||
10p ordinary | Purchase | 698 | 4.5383 GBP | ||||
10p ordinary | Purchase | 302 | 4.5382 GBP | ||||
10p ordinary | Purchase | 233 | 4.5462 GBP | ||||
10p ordinary | Purchase | 187 | 4.5246 GBP | ||||
10p ordinary | Purchase | 173 | 4.5313 GBP | ||||
10p ordinary | Purchase | 127 | 4.5442 GBP | ||||
10p ordinary | Purchase | 44 | 4.5356 GBP | ||||
10p ordinary | Purchase | 15 | 4.5336 GBP | ||||
10p ordinary | Purchase | 12 | 4.5516 GBP | ||||
10p ordinary | Sale | 439,000 | 4.5180 GBP | ||||
10p ordinary | Sale | 400,000 | 4.5140 GBP | ||||
10p ordinary | Sale | 265,181 | 4.5440 GBP | ||||
10p ordinary | Sale | 150,000 | 4.5237 GBP | ||||
10p ordinary | Sale | 127,683 | 4.5437 GBP | ||||
10p ordinary | Sale | 113,125 | 4.5326 GBP | ||||
10p ordinary | Sale | 111,226 | 4.5260 GBP | ||||
10p ordinary | Sale | 101,793 | 4.5377 GBP | ||||
10p ordinary | Sale | 67,965 | 4.5438 GBP | ||||
10p ordinary | Sale | 64,242 | 4.5402 GBP | ||||
10p ordinary | Sale | 55,613 | 4.5460 GBP | ||||
10p ordinary | Sale | 34,293 | 4.5277 GBP | ||||
10p ordinary | Sale | 31,693 | 4.5353 GBP | ||||
10p ordinary | Sale | 28,953 | 4.5384 GBP | ||||
10p ordinary | Sale | 18,786 | 4.5287 GBP | ||||
10p ordinary | Sale | 12,665 | 4.5254 GBP | ||||
10p ordinary | Sale | 12,533 | 4.5431 GBP | ||||
10p ordinary | Sale | 10,298 | 4.5451 GBP | ||||
10p ordinary | Sale | 9,473 | 4.5406 GBP | ||||
10p ordinary | Sale | 9,065 | 4.5333 GBP | ||||
10p ordinary | Sale | 8,886 | 4.5420 GBP | ||||
10p ordinary | Sale | 8,505 | 4.5339 GBP | ||||
10p ordinary | Sale | 8,375 | 4.5397 GBP | ||||
10p ordinary | Sale | 8,356 | 4.5471 GBP | ||||
10p ordinary | Sale | 7,061 | 4.5394 GBP | ||||
10p ordinary | Sale | 6,398 | 4.5354 GBP | ||||
10p ordinary | Sale | 5,694 | 4.5361 GBP | ||||
10p ordinary | Sale | 5,459 | 4.5392 GBP | ||||
10p ordinary | Sale | 4,011 | 4.5248 GBP | ||||
10p ordinary | Sale | 3,340 | 4.5455 GBP | ||||
10p ordinary | Sale | 2,462 | 4.5160 GBP | ||||
10p ordinary | Sale | 2,246 | 4.5167 GBP | ||||
10p ordinary | Sale | 2,219 | 4.5340 GBP | ||||
10p ordinary | Sale | 2,085 | 4.5278 GBP | ||||
10p ordinary | Sale | 1,877 | 4.5540 GBP | ||||
10p ordinary | Sale | 1,684 | 4.5313 GBP | ||||
10p ordinary | Sale | 1,642 | 4.5467 GBP | ||||
10p ordinary | Sale | 1,357 | 4.5305 GBP | ||||
10p ordinary | Sale | 1,183 | 4.5320 GBP | ||||
10p ordinary | Sale | 853 | 4.5280 GBP | ||||
10p ordinary | Sale | 823 | 4.5198 GBP | ||||
10p ordinary | Sale | 606 | 4.5310 GBP | ||||
10p ordinary | Sale | 381 | 4.5520 GBP | ||||
10p ordinary | Sale | 173 | 4.5317 GBP | ||||
10p ordinary | Sale | 136 | 4.5492 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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10p ordinary | SWAP | Increasing Short | 16,592 | 4.5357 GBP | |||
10p ordinary | SWAP | Decreasing Short | 4,011 | 4.5248 GBP | |||
10p ordinary | SWAP | Decreasing Short | 2,085 | 4.5278 GBP | |||
10p ordinary | SWAP | Decreasing Short | 113,125 | 4.5326 GBP | |||
10p ordinary | SWAP | Decreasing Short | 16,100 | 4.5352 GBP | |||
10p ordinary | SWAP | Decreasing Short | 17,351 | 4.5363 GBP | |||
10p ordinary | SWAP | Decreasing Short | 98,619 | 4.5377 USD | |||
10p ordinary | SWAP | Decreasing Short | 64,242 | 4.5402 GBP | |||
10p ordinary | SWAP | Decreasing Short | 32,573 | 4.5434 GBP | |||
10p ordinary | SWAP | Decreasing Short | 33,553 | 4.5440 GBP | |||
10p ordinary | SWAP | Increasing Short | 70,000 | 4.4770 USD | |||
10p ordinary | SWAP | Increasing Short | 2 | 4.5140 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,837 | 4.5251 GBP | |||
10p ordinary | SWAP | Increasing Short | 26,448 | 4.5261 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,225 | 4.5264 GBP | |||
10p ordinary | SWAP | Increasing Short | 4,673 | 4.5302 GBP | |||
10p ordinary | SWAP | Increasing Short | 31,561 | 4.5441 GBP | |||
10p ordinary | SWAP | Increasing Short | 233 | 4.5462 GBP | |||
10p ordinary | SWAP | Increasing Short | 80,668 | 4.5495 GBP | |||
10p ordinary | SWAP | Increasing Short | 595 | 4.5500 GBP | |||
10p ordinary | CFD | Decreasing Short | 2,384 | 4.5264 GBP | |||
10p ordinary | CFD | Decreasing Short | 29 | 4.5393 GBP | |||
10p ordinary | CFD | Decreasing Short | 374 | 4.5440 GBP | |||
10p ordinary | CFD | Increasing Short | 374 | 4.5440 GBP | |||
10p ordinary | CFD | Increasing Short | 127 | 4.5442 GBP | |||
10p ordinary | CFD | Increasing Short | 5,939 | 4.5485 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 | |||
security |
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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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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: | 11 Sep 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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