| 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: | 09 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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| 29,359,048 | 2.13% | 25,674,804 | 1.86% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,696,731 | 0.85% | 27,963,321 | 2.03% |
| (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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| 41,055,779 | 2.97% | 53,638,125 | 3.89% |
| (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 | 413,969 | 4.5901 GBP | ||||
| 10p ordinary | Purchase | 357,833 | 4.5920 GBP | ||||
| 10p ordinary | Purchase | 215,003 | 4.6114 GBP | ||||
| 10p ordinary | Purchase | 177,904 | 4.5942 GBP | ||||
| 10p ordinary | Purchase | 169,007 | 4.5917 GBP | ||||
| 10p ordinary | Purchase | 164,049 | 4.5728 GBP | ||||
| 10p ordinary | Purchase | 138,698 | 4.5970 GBP | ||||
| 10p ordinary | Purchase | 84,890 | 4.5921 GBP | ||||
| 10p ordinary | Purchase | 83,384 | 4.5960 GBP | ||||
| 10p ordinary | Purchase | 58,273 | 4.5749 GBP | ||||
| 10p ordinary | Purchase | 43,462 | 4.5705 GBP | ||||
| 10p ordinary | Purchase | 38,257 | 4.5807 GBP | ||||
| 10p ordinary | Purchase | 34,068 | 4.6035 GBP | ||||
| 10p ordinary | Purchase | 29,451 | 4.5923 GBP | ||||
| 10p ordinary | Purchase | 24,775 | 4.5911 GBP | ||||
| 10p ordinary | Purchase | 23,179 | 4.5720 GBP | ||||
| 10p ordinary | Purchase | 22,175 | 4.5941 GBP | ||||
| 10p ordinary | Purchase | 19,905 | 4.6109 GBP | ||||
| 10p ordinary | Purchase | 16,850 | 4.6118 GBP | ||||
| 10p ordinary | Purchase | 16,482 | 4.6115 GBP | ||||
| 10p ordinary | Purchase | 14,760 | 4.6132 GBP | ||||
| 10p ordinary | Purchase | 13,592 | 4.5932 GBP | ||||
| 10p ordinary | Purchase | 13,049 | 4.5724 GBP | ||||
| 10p ordinary | Purchase | 12,928 | 4.6036 GBP | ||||
| 10p ordinary | Purchase | 8,703 | 4.5734 GBP | ||||
| 10p ordinary | Purchase | 8,063 | 4.6200 GBP | ||||
| 10p ordinary | Purchase | 7,163 | 4.6181 GBP | ||||
| 10p ordinary | Purchase | 6,460 | 4.6077 GBP | ||||
| 10p ordinary | Purchase | 5,095 | 4.6117 GBP | ||||
| 10p ordinary | Purchase | 4,715 | 4.5858 GBP | ||||
| 10p ordinary | Purchase | 3,732 | 4.6108 GBP | ||||
| 10p ordinary | Purchase | 3,665 | 4.6106 GBP | ||||
| 10p ordinary | Purchase | 3,186 | 4.5868 GBP | ||||
| 10p ordinary | Purchase | 2,891 | 4.5830 GBP | ||||
| 10p ordinary | Purchase | 2,627 | 4.5680 GBP | ||||
| 10p ordinary | Purchase | 2,516 | 4.5745 GBP | ||||
| 10p ordinary | Purchase | 1,423 | 4.5820 GBP | ||||
| 10p ordinary | Purchase | 1,028 | 4.5710 GBP | ||||
| 10p ordinary | Purchase | 887 | 4.5760 GBP | ||||
| 10p ordinary | Purchase | 885 | 4.5940 GBP | ||||
| 10p ordinary | Purchase | 790 | 4.5980 GBP | ||||
| 10p ordinary | Purchase | 683 | 4.5930 GBP | ||||
| 10p ordinary | Purchase | 481 | 4.6000 GBP | ||||
| 10p ordinary | Purchase | 231 | 4.5700 GBP | ||||
| 10p ordinary | Purchase | 145 | 4.5800 GBP | ||||
| 10p ordinary | Sale | 391,801 | 4.5920 GBP | ||||
| 10p ordinary | Sale | 385,735 | 4.5919 GBP | ||||
| 10p ordinary | Sale | 198,002 | 4.5733 GBP | ||||
| 10p ordinary | Sale | 117,198 | 4.5853 GBP | ||||
| 10p ordinary | Sale | 65,421 | 4.5747 GBP | ||||
| 10p ordinary | Sale | 44,220 | 4.5706 GBP | ||||
| 10p ordinary | Sale | 24,275 | 4.5723 GBP | ||||
| 10p ordinary | Sale | 18,062 | 4.5820 GBP | ||||
| 10p ordinary | Sale | 16,075 | 4.6081 GBP | ||||
| 10p ordinary | Sale | 12,210 | 4.5939 GBP | ||||
| 10p ordinary | Sale | 12,150 | 4.5728 GBP | ||||
| 10p ordinary | Sale | 8,751 | 4.5922 GBP | ||||
| 10p ordinary | Sale | 8,633 | 4.5772 GBP | ||||
| 10p ordinary | Sale | 7,695 | 4.5787 GBP | ||||
| 10p ordinary | Sale | 7,544 | 4.5927 GBP | ||||
| 10p ordinary | Sale | 7,126 | 4.5720 GBP | ||||
| 10p ordinary | Sale | 6,641 | 4.5871 GBP | ||||
| 10p ordinary | Sale | 5,434 | 4.5913 GBP | ||||
| 10p ordinary | Sale | 4,528 | 4.6179 GBP | ||||
| 10p ordinary | Sale | 2,770 | 4.5933 GBP | ||||
| 10p ordinary | Sale | 2,673 | 4.5923 GBP | ||||
| 10p ordinary | Sale | 2,627 | 4.5680 GBP | ||||
| 10p ordinary | Sale | 2,371 | 4.5759 GBP | ||||
| 10p ordinary | Sale | 1,948 | 4.5897 GBP | ||||
| 10p ordinary | Sale | 1,781 | 4.5959 GBP | ||||
| 10p ordinary | Sale | 1,728 | 4.5980 GBP | ||||
| 10p ordinary | Sale | 1,555 | 4.5734 GBP | ||||
| 10p ordinary | Sale | 1,423 | 4.5821 GBP | ||||
| 10p ordinary | Sale | 914 | 4.5880 GBP | ||||
| 10p ordinary | Sale | 481 | 4.6000 GBP | ||||
| 10p ordinary | Sale | 231 | 4.5700 GBP | ||||
| 10p ordinary | Sale | 181 | 4.5940 GBP | ||||
| 10p ordinary | Sale | 145 | 4.5800 GBP | ||||
| 10p ordinary | Sale | 145 | 4.5804 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 | Opening Long | 1,000,000 | 4.5959 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 2,371 | 4.5759 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,695 | 4.5787 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,947 | 4.5838 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 74,325 | 4.5911 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 273,576 | 4.5920 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 31,858 | 4.5923 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,456 | 4.5999 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,075 | 4.6081 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,528 | 4.6179 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 38,257 | 4.5807 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,715 | 4.5858 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 152,225 | 4.5889 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 19,725 | 4.5898 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 237,872 | 4.5920 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 9,477 | 4.5921 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 168 | 4.5926 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 192 | 4.5927 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 25,719 | 4.5933 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 177,904 | 4.5942 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,916 | 4.5957 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 83,384 | 4.5960 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 790 | 4.5980 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 99,402 | 4.6009 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 100,319 | 4.6013 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 173 | 4.5920 GBP | |||
| 10p ordinary | CFD | Increasing Short | 173 | 4.5920 GBP | |||
| 10p ordinary | CFD | Increasing Short | 84,890 | 4.5921 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: | 10 Oct 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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