| 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: | 08 Oct 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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| 29,594,142 | 2.14% | 25,798,736 | 1.87% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,843,682 | 0.86% | 28,496,148 | 2.06% |
| (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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| 41,437,824 | 3.00% | 54,294,884 | 3.93% |
| (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 | 602,664 | 4.5779 GBP | ||||
| 10p ordinary | Purchase | 239,625 | 4.5940 GBP | ||||
| 10p ordinary | Purchase | 196,572 | 4.5386 GBP | ||||
| 10p ordinary | Purchase | 130,462 | 4.5376 GBP | ||||
| 10p ordinary | Purchase | 129,581 | 4.5628 GBP | ||||
| 10p ordinary | Purchase | 125,583 | 4.5840 GBP | ||||
| 10p ordinary | Purchase | 106,161 | 4.5574 GBP | ||||
| 10p ordinary | Purchase | 99,715 | 4.5700 GBP | ||||
| 10p ordinary | Purchase | 78,166 | 4.5391 GBP | ||||
| 10p ordinary | Purchase | 56,720 | 4.5356 GBP | ||||
| 10p ordinary | Purchase | 38,781 | 4.5653 GBP | ||||
| 10p ordinary | Purchase | 32,600 | 4.5476 GBP | ||||
| 10p ordinary | Purchase | 32,262 | 4.5644 GBP | ||||
| 10p ordinary | Purchase | 32,012 | 4.5309 GBP | ||||
| 10p ordinary | Purchase | 31,096 | 4.5603 GBP | ||||
| 10p ordinary | Purchase | 22,108 | 4.5640 GBP | ||||
| 10p ordinary | Purchase | 18,442 | 4.5691 GBP | ||||
| 10p ordinary | Purchase | 17,771 | 4.5817 GBP | ||||
| 10p ordinary | Purchase | 16,463 | 4.5441 GBP | ||||
| 10p ordinary | Purchase | 15,532 | 4.5577 GBP | ||||
| 10p ordinary | Purchase | 14,423 | 4.5445 GBP | ||||
| 10p ordinary | Purchase | 11,594 | 4.5693 GBP | ||||
| 10p ordinary | Purchase | 8,606 | 4.5332 GBP | ||||
| 10p ordinary | Purchase | 7,000 | 4.5270 GBP | ||||
| 10p ordinary | Purchase | 6,330 | 4.5343 GBP | ||||
| 10p ordinary | Purchase | 5,238 | 4.5508 GBP | ||||
| 10p ordinary | Purchase | 4,640 | 4.5706 GBP | ||||
| 10p ordinary | Purchase | 4,469 | 4.5534 GBP | ||||
| 10p ordinary | Purchase | 3,500 | 4.5260 GBP | ||||
| 10p ordinary | Purchase | 3,344 | 4.5281 GBP | ||||
| 10p ordinary | Purchase | 3,128 | 4.5705 GBP | ||||
| 10p ordinary | Purchase | 2,365 | 4.5280 GBP | ||||
| 10p ordinary | Purchase | 2,062 | 4.5277 GBP | ||||
| 10p ordinary | Purchase | 1,907 | 4.5619 GBP | ||||
| 10p ordinary | Purchase | 1,827 | 4.5560 GBP | ||||
| 10p ordinary | Purchase | 1,811 | 4.5615 GBP | ||||
| 10p ordinary | Purchase | 1,671 | 4.5740 GBP | ||||
| 10p ordinary | Purchase | 1,435 | 4.5300 GBP | ||||
| 10p ordinary | Purchase | 1,359 | 4.5340 GBP | ||||
| 10p ordinary | Purchase | 1,347 | 4.5400 GBP | ||||
| 10p ordinary | Purchase | 1,321 | 4.5800 GBP | ||||
| 10p ordinary | Purchase | 1,272 | 4.5320 GBP | ||||
| 10p ordinary | Purchase | 1,234 | 4.5600 GBP | ||||
| 10p ordinary | Purchase | 1,184 | 4.5820 GBP | ||||
| 10p ordinary | Purchase | 1,066 | 4.5326 GBP | ||||
| 10p ordinary | Purchase | 877 | 4.5680 GBP | ||||
| 10p ordinary | Purchase | 766 | 4.5420 GBP | ||||
| 10p ordinary | Purchase | 730 | 4.5897 GBP | ||||
| 10p ordinary | Purchase | 641 | 4.5160 GBP | ||||
| 10p ordinary | Purchase | 633 | 4.5790 GBP | ||||
| 10p ordinary | Purchase | 632 | 4.5540 GBP | ||||
| 10p ordinary | Purchase | 619 | 4.5880 GBP | ||||
| 10p ordinary | Purchase | 553 | 4.5220 GBP | ||||
| 10p ordinary | Purchase | 135 | 4.5900 GBP | ||||
| 10p ordinary | Sale | 319,331 | 4.5940 GBP | ||||
| 10p ordinary | Sale | 183,507 | 4.5670 GBP | ||||
| 10p ordinary | Sale | 122,673 | 4.5728 GBP | ||||
| 10p ordinary | Sale | 117,335 | 4.5930 GBP | ||||
| 10p ordinary | Sale | 111,348 | 4.5860 GBP | ||||
| 10p ordinary | Sale | 96,365 | 4.5564 GBP | ||||
| 10p ordinary | Sale | 64,094 | 4.5362 GBP | ||||
| 10p ordinary | Sale | 57,033 | 4.5340 GBP | ||||
| 10p ordinary | Sale | 33,971 | 4.5505 GBP | ||||
| 10p ordinary | Sale | 33,800 | 4.5401 GBP | ||||
| 10p ordinary | Sale | 32,012 | 4.5314 GBP | ||||
| 10p ordinary | Sale | 31,665 | 4.5468 GBP | ||||
| 10p ordinary | Sale | 29,880 | 4.5658 GBP | ||||
| 10p ordinary | Sale | 24,966 | 4.5732 GBP | ||||
| 10p ordinary | Sale | 17,771 | 4.5817 GBP | ||||
| 10p ordinary | Sale | 12,485 | 4.5581 GBP | ||||
| 10p ordinary | Sale | 11,179 | 4.5477 GBP | ||||
| 10p ordinary | Sale | 10,787 | 4.5610 GBP | ||||
| 10p ordinary | Sale | 10,500 | 4.5266 GBP | ||||
| 10p ordinary | Sale | 8,665 | 4.5684 GBP | ||||
| 10p ordinary | Sale | 6,330 | 4.5347 GBP | ||||
| 10p ordinary | Sale | 6,214 | 4.5350 GBP | ||||
| 10p ordinary | Sale | 5,830 | 4.5334 GBP | ||||
| 10p ordinary | Sale | 5,126 | 4.5640 GBP | ||||
| 10p ordinary | Sale | 4,669 | 4.5591 GBP | ||||
| 10p ordinary | Sale | 3,689 | 4.5512 GBP | ||||
| 10p ordinary | Sale | 3,631 | 4.5280 GBP | ||||
| 10p ordinary | Sale | 3,344 | 4.5286 GBP | ||||
| 10p ordinary | Sale | 3,064 | 4.5445 GBP | ||||
| 10p ordinary | Sale | 3,015 | 4.5413 GBP | ||||
| 10p ordinary | Sale | 2,652 | 4.5600 GBP | ||||
| 10p ordinary | Sale | 2,040 | 4.5417 GBP | ||||
| 10p ordinary | Sale | 1,850 | 4.5840 GBP | ||||
| 10p ordinary | Sale | 1,827 | 4.5560 GBP | ||||
| 10p ordinary | Sale | 1,520 | 4.5751 GBP | ||||
| 10p ordinary | Sale | 1,435 | 4.5300 GBP | ||||
| 10p ordinary | Sale | 1,347 | 4.5400 GBP | ||||
| 10p ordinary | Sale | 1,272 | 4.5320 GBP | ||||
| 10p ordinary | Sale | 1,184 | 4.5820 GBP | ||||
| 10p ordinary | Sale | 935 | 4.5475 GBP | ||||
| 10p ordinary | Sale | 877 | 4.5680 GBP | ||||
| 10p ordinary | Sale | 876 | 4.5713 GBP | ||||
| 10p ordinary | Sale | 766 | 4.5420 GBP | ||||
| 10p ordinary | Sale | 730 | 4.5901 GBP | ||||
| 10p ordinary | Sale | 688 | 4.5800 GBP | ||||
| 10p ordinary | Sale | 641 | 4.5160 GBP | ||||
| 10p ordinary | Sale | 619 | 4.5880 GBP | ||||
| 10p ordinary | Sale | 596 | 4.5700 GBP | ||||
| 10p ordinary | Sale | 430 | 4.5440 GBP | ||||
| 10p ordinary | Sale | 135 | 4.5900 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 | Decreasing Short | 5,830 | 4.5334 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,015 | 4.5413 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,040 | 4.5417 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 935 | 4.5475 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 102,802 | 4.5564 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 54,341 | 4.5623 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8,665 | 4.5684 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 24,966 | 4.5732 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,520 | 4.5751 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 71,048 | 4.5821 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 29,192 | 4.5877 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 492 | 4.5920 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 35,516 | 4.5930 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 208,141 | 4.5940 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,557 | 4.5284 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,066 | 4.5326 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 56,720 | 4.5356 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 130,462 | 4.5376 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 78,166 | 4.5391 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 53,514 | 4.5518 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 89,258 | 4.5557 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,169 | 4.5581 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 300,000 | 4.5607 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 300,000 | 4.5711 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 41,911 | 4.5940 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 300,000 | 4.5947 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 17,771 | 4.5817 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 717 | 4.5940 GBP | |||
| 10p ordinary | CFD | Increasing Short | 4,910 | 4.5352 GBP | |||
| 10p ordinary | CFD | Increasing Short | 102,917 | 4.5940 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 Oct 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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