| 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: | 27 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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| 33,610,080 | 2.43% | 30,680,776 | 2.22% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,130,007 | 0.81% | 32,069,057 | 2.32% |
| (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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| 44,740,087 | 3.24% | 62,749,833 | 4.55% |
| (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 | 632,684 | 4.6360 GBP | ||||
| 10p ordinary | Purchase | 61,068 | 4.6203 GBP | ||||
| 10p ordinary | Purchase | 44,116 | 4.6180 GBP | ||||
| 10p ordinary | Purchase | 41,542 | 4.6181 GBP | ||||
| 10p ordinary | Purchase | 38,708 | 4.6351 GBP | ||||
| 10p ordinary | Purchase | 37,923 | 4.6353 GBP | ||||
| 10p ordinary | Purchase | 34,120 | 4.6213 GBP | ||||
| 10p ordinary | Purchase | 26,051 | 4.6345 GBP | ||||
| 10p ordinary | Purchase | 16,774 | 4.6169 GBP | ||||
| 10p ordinary | Purchase | 13,146 | 4.6216 GBP | ||||
| 10p ordinary | Purchase | 9,876 | 4.6350 GBP | ||||
| 10p ordinary | Purchase | 8,340 | 4.6105 GBP | ||||
| 10p ordinary | Purchase | 7,229 | 4.6167 GBP | ||||
| 10p ordinary | Purchase | 6,642 | 4.6183 GBP | ||||
| 10p ordinary | Purchase | 4,342 | 4.6248 GBP | ||||
| 10p ordinary | Purchase | 4,305 | 4.6260 GBP | ||||
| 10p ordinary | Purchase | 3,136 | 4.6200 GBP | ||||
| 10p ordinary | Purchase | 2,896 | 4.6211 GBP | ||||
| 10p ordinary | Purchase | 2,776 | 4.6310 GBP | ||||
| 10p ordinary | Purchase | 2,659 | 4.6151 GBP | ||||
| 10p ordinary | Purchase | 2,258 | 4.6371 GBP | ||||
| 10p ordinary | Purchase | 2,178 | 4.6171 GBP | ||||
| 10p ordinary | Purchase | 2,112 | 4.6190 GBP | ||||
| 10p ordinary | Purchase | 1,949 | 4.6228 GBP | ||||
| 10p ordinary | Purchase | 1,632 | 4.5900 GBP | ||||
| 10p ordinary | Purchase | 1,420 | 4.6174 GBP | ||||
| 10p ordinary | Purchase | 606 | 4.6380 GBP | ||||
| 10p ordinary | Purchase | 459 | 4.6060 GBP | ||||
| 10p ordinary | Purchase | 236 | 4.6188 GBP | ||||
| 10p ordinary | Purchase | 170 | 4.6297 GBP | ||||
| 10p ordinary | Purchase | 60 | 4.6075 GBP | ||||
| 10p ordinary | Purchase | 42 | 4.6161 GBP | ||||
| 10p ordinary | Purchase | 3 | 4.6250 GBP | ||||
| 10p ordinary | Purchase | 1 | 4.6080 GBP | ||||
| 10p ordinary | Sale | 4,091,913 | 4.5900 GBP | ||||
| 10p ordinary | Sale | 429,392 | 4.6360 GBP | ||||
| 10p ordinary | Sale | 115,286 | 4.6171 GBP | ||||
| 10p ordinary | Sale | 44,752 | 4.6159 GBP | ||||
| 10p ordinary | Sale | 24,525 | 4.6182 GBP | ||||
| 10p ordinary | Sale | 19,689 | 4.6355 GBP | ||||
| 10p ordinary | Sale | 19,606 | 4.6186 GBP | ||||
| 10p ordinary | Sale | 18,340 | 4.6369 GBP | ||||
| 10p ordinary | Sale | 15,176 | 4.6121 GBP | ||||
| 10p ordinary | Sale | 14,833 | 4.6207 GBP | ||||
| 10p ordinary | Sale | 13,551 | 4.6342 GBP | ||||
| 10p ordinary | Sale | 10,388 | 4.6265 GBP | ||||
| 10p ordinary | Sale | 8,553 | 4.6311 GBP | ||||
| 10p ordinary | Sale | 8,145 | 4.6200 GBP | ||||
| 10p ordinary | Sale | 8,143 | 4.6180 GBP | ||||
| 10p ordinary | Sale | 7,071 | 4.6384 GBP | ||||
| 10p ordinary | Sale | 6,929 | 4.6321 GBP | ||||
| 10p ordinary | Sale | 6,642 | 4.6183 GBP | ||||
| 10p ordinary | Sale | 6,248 | 4.6147 GBP | ||||
| 10p ordinary | Sale | 5,976 | 4.6404 GBP | ||||
| 10p ordinary | Sale | 4,986 | 4.6395 GBP | ||||
| 10p ordinary | Sale | 3,860 | 4.6185 GBP | ||||
| 10p ordinary | Sale | 3,705 | 4.6162 GBP | ||||
| 10p ordinary | Sale | 2,994 | 4.6129 GBP | ||||
| 10p ordinary | Sale | 2,351 | 4.6280 GBP | ||||
| 10p ordinary | Sale | 1,671 | 4.6190 GBP | ||||
| 10p ordinary | Sale | 1,462 | 4.6040 GBP | ||||
| 10p ordinary | Sale | 1,398 | 4.6174 GBP | ||||
| 10p ordinary | Sale | 1,387 | 4.6380 GBP | ||||
| 10p ordinary | Sale | 1,250 | 4.6120 GBP | ||||
| 10p ordinary | Sale | 919 | 4.6099 GBP | ||||
| 10p ordinary | Sale | 829 | 4.6160 GBP | ||||
| 10p ordinary | Sale | 736 | 4.6260 GBP | ||||
| 10p ordinary | Sale | 459 | 4.6060 GBP | ||||
| 10p ordinary | Sale | 277 | 4.6396 GBP | ||||
| 10p ordinary | Sale | 244 | 4.6192 GBP | ||||
| 10p ordinary | Sale | 240 | 4.6410 GBP | ||||
| 10p ordinary | Sale | 60 | 4.6080 GBP | ||||
| 10p ordinary | Sale | 42 | 4.6165 GBP | ||||
| 10p ordinary | Sale | 4 | 4.6212 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 Short | 517 | 4.5900 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15,176 | 4.6121 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,671 | 4.6190 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 134 | 4.6260 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 86,415 | 4.6279 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,351 | 4.6280 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 167,530 | 4.6320 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15,365 | 4.6350 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 810 | 4.6352 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,564 | 4.6353 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 35,973 | 4.6180 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 417 | 4.6200 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 61,068 | 4.6204 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,896 | 4.6211 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 34,120 | 4.6213 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 22,201 | 4.6242 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,763 | 4.6249 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 84,160 | 4.6358 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 99,558 | 4.6360 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,747 | 4.6368 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1,632 | 4.5900 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 978 | 4.6148 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1 | 4.6200 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 14 | 4.6357 GBP | |||
| 10p ordinary | CFD | Increasing Short | 23,469 | 4.6243 GBP | |||
| 10p ordinary | CFD | Increasing Short | 170 | 4.6297 GBP | |||
| 10p ordinary | CFD | Increasing Short | 14 | 4.6357 GBP | |||
| 10p ordinary | CFD | Increasing Short | 118,307 | 4.6359 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/ |
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| 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: | 30 Sep 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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