| 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: | 30 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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| 33,912,780 | 2.46% | 30,968,377 | 2.24% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,416,689 | 0.83% | 32,473,610 | 2.35% |
| (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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| 45,329,469 | 3.28% | 63,441,987 | 4.60% |
| (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 | 401,096 | 4.6280 GBP | ||||
| 10p ordinary | Purchase | 271,725 | 4.6180 GBP | ||||
| 10p ordinary | Purchase | 149,459 | 4.6063 GBP | ||||
| 10p ordinary | Purchase | 79,059 | 4.6139 GBP | ||||
| 10p ordinary | Purchase | 57,289 | 4.6151 GBP | ||||
| 10p ordinary | Purchase | 50,000 | 4.6142 GBP | ||||
| 10p ordinary | Purchase | 30,475 | 4.5872 GBP | ||||
| 10p ordinary | Purchase | 29,381 | 4.5800 GBP | ||||
| 10p ordinary | Purchase | 25,342 | 4.6044 GBP | ||||
| 10p ordinary | Purchase | 25,166 | 4.6007 GBP | ||||
| 10p ordinary | Purchase | 23,004 | 4.6189 GBP | ||||
| 10p ordinary | Purchase | 21,112 | 4.6001 GBP | ||||
| 10p ordinary | Purchase | 16,246 | 4.6118 GBP | ||||
| 10p ordinary | Purchase | 13,998 | 4.5934 GBP | ||||
| 10p ordinary | Purchase | 13,681 | 4.5982 GBP | ||||
| 10p ordinary | Purchase | 11,820 | 4.5920 GBP | ||||
| 10p ordinary | Purchase | 10,432 | 4.5963 GBP | ||||
| 10p ordinary | Purchase | 4,806 | 4.5927 GBP | ||||
| 10p ordinary | Purchase | 4,238 | 4.5930 GBP | ||||
| 10p ordinary | Purchase | 3,822 | 4.5845 GBP | ||||
| 10p ordinary | Purchase | 3,598 | 4.5980 GBP | ||||
| 10p ordinary | Purchase | 3,193 | 4.6098 GBP | ||||
| 10p ordinary | Purchase | 3,175 | 4.6080 GBP | ||||
| 10p ordinary | Purchase | 2,441 | 4.6016 GBP | ||||
| 10p ordinary | Purchase | 1,958 | 4.5986 GBP | ||||
| 10p ordinary | Purchase | 1,845 | 4.5791 GBP | ||||
| 10p ordinary | Purchase | 1,591 | 4.6140 GBP | ||||
| 10p ordinary | Purchase | 1,504 | 4.6160 GBP | ||||
| 10p ordinary | Purchase | 1,325 | 4.5680 GBP | ||||
| 10p ordinary | Purchase | 1,324 | 4.5960 GBP | ||||
| 10p ordinary | Purchase | 1,286 | 4.5878 GBP | ||||
| 10p ordinary | Purchase | 1,241 | 4.5798 GBP | ||||
| 10p ordinary | Purchase | 1,203 | 4.5780 GBP | ||||
| 10p ordinary | Purchase | 1,098 | 4.5880 GBP | ||||
| 10p ordinary | Purchase | 978 | 4.5998 GBP | ||||
| 10p ordinary | Purchase | 958 | 4.6100 GBP | ||||
| 10p ordinary | Purchase | 926 | 4.5810 GBP | ||||
| 10p ordinary | Purchase | 899 | 4.5897 GBP | ||||
| 10p ordinary | Purchase | 756 | 4.6000 GBP | ||||
| 10p ordinary | Purchase | 730 | 4.5940 GBP | ||||
| 10p ordinary | Purchase | 704 | 4.6120 GBP | ||||
| 10p ordinary | Purchase | 699 | 4.5860 GBP | ||||
| 10p ordinary | Purchase | 695 | 4.5720 GBP | ||||
| 10p ordinary | Purchase | 679 | 4.5760 GBP | ||||
| 10p ordinary | Purchase | 600 | 4.5835 GBP | ||||
| 10p ordinary | Purchase | 129 | 4.6260 GBP | ||||
| 10p ordinary | Purchase | 114 | 4.6058 GBP | ||||
| 10p ordinary | Sale | 332,844 | 4.6180 GBP | ||||
| 10p ordinary | Sale | 264,242 | 4.6162 GBP | ||||
| 10p ordinary | Sale | 167,062 | 4.6152 GBP | ||||
| 10p ordinary | Sale | 108,581 | 4.6030 GBP | ||||
| 10p ordinary | Sale | 69,275 | 4.6092 GBP | ||||
| 10p ordinary | Sale | 59,703 | 4.6182 GBP | ||||
| 10p ordinary | Sale | 33,008 | 4.6061 GBP | ||||
| 10p ordinary | Sale | 32,649 | 4.5963 GBP | ||||
| 10p ordinary | Sale | 29,770 | 4.5799 GBP | ||||
| 10p ordinary | Sale | 29,075 | 4.5938 GBP | ||||
| 10p ordinary | Sale | 28,584 | 4.6043 GBP | ||||
| 10p ordinary | Sale | 18,712 | 4.6096 GBP | ||||
| 10p ordinary | Sale | 17,834 | 4.5990 GBP | ||||
| 10p ordinary | Sale | 10,266 | 4.6173 GBP | ||||
| 10p ordinary | Sale | 8,696 | 4.6038 GBP | ||||
| 10p ordinary | Sale | 5,169 | 4.5839 GBP | ||||
| 10p ordinary | Sale | 4,610 | 4.5762 GBP | ||||
| 10p ordinary | Sale | 4,607 | 4.6009 GBP | ||||
| 10p ordinary | Sale | 4,601 | 4.5964 GBP | ||||
| 10p ordinary | Sale | 4,032 | 4.6073 GBP | ||||
| 10p ordinary | Sale | 3,169 | 4.6059 GBP | ||||
| 10p ordinary | Sale | 2,978 | 4.6140 GBP | ||||
| 10p ordinary | Sale | 2,859 | 4.6078 GBP | ||||
| 10p ordinary | Sale | 2,671 | 4.5993 GBP | ||||
| 10p ordinary | Sale | 2,458 | 4.6080 GBP | ||||
| 10p ordinary | Sale | 1,521 | 4.5830 GBP | ||||
| 10p ordinary | Sale | 1,504 | 4.6160 GBP | ||||
| 10p ordinary | Sale | 1,325 | 4.5680 GBP | ||||
| 10p ordinary | Sale | 1,324 | 4.5960 GBP | ||||
| 10p ordinary | Sale | 1,098 | 4.5880 GBP | ||||
| 10p ordinary | Sale | 996 | 4.5726 GBP | ||||
| 10p ordinary | Sale | 981 | 4.6170 GBP | ||||
| 10p ordinary | Sale | 958 | 4.6100 GBP | ||||
| 10p ordinary | Sale | 887 | 4.5760 GBP | ||||
| 10p ordinary | Sale | 760 | 4.5980 GBP | ||||
| 10p ordinary | Sale | 704 | 4.6120 GBP | ||||
| 10p ordinary | Sale | 699 | 4.5860 GBP | ||||
| 10p ordinary | Sale | 695 | 4.5720 GBP | ||||
| 10p ordinary | Sale | 601 | 4.6179 GBP | ||||
| 10p ordinary | Sale | 600 | 4.5840 GBP | ||||
| 10p ordinary | Sale | 547 | 4.6280 GBP | ||||
| 10p ordinary | Sale | 46 | 4.5752 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 | 996 | 4.5726 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,521 | 4.5830 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,169 | 4.5839 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 108,581 | 4.6030 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,889 | 4.6034 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8,696 | 4.6038 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,169 | 4.6059 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,246 | 4.6066 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 69,275 | 4.6092 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,308 | 4.6106 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 99,647 | 4.6135 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 981 | 4.6170 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 79,323 | 4.6170 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 10,266 | 4.6173 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 601 | 4.6179 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 222,231 | 4.6180 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,035 | 4.5720 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,363 | 4.5772 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,845 | 4.5791 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,241 | 4.5798 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 926 | 4.5810 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,822 | 4.5845 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 30,475 | 4.5872 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,104 | 4.5920 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 54,947 | 4.5927 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,939 | 4.5947 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,581 | 4.6002 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 121,333 | 4.6038 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 114 | 4.6058 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 769 | 4.6080 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,943 | 4.6163 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 45,300 | 4.6178 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,806 | 4.6180 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 23,004 | 4.6189 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 46 | 4.5752 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 3,917 | 4.5817 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 80,551 | 4.6180 GBP | |||
| 10p ordinary | CFD | Increasing Short | 978 | 4.5998 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,673 | 4.6079 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,801 | 4.6094 GBP | |||
| 10p ordinary | CFD | Increasing Short | 12,238 | 4.6126 GBP | |||
| 10p ordinary | CFD | Increasing Short | 635 | 4.6180 GBP | |||
| 10p ordinary | CFD | Increasing Short | 400,549 | 4.6280 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: | 01 Oct 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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