| 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: | 29 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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| 24,821,454 | 1.79% | 25,206,125 | 1.82% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,606,077 | 0.84% | 24,009,497 | 1.74% |
| (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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| 36,427,531 | 2.63% | 49,215,622 | 3.56% |
| (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 | 203,170 | 4.6811 GBP | ||||
| 10p ordinary | Purchase | 102,816 | 4.6697 GBP | ||||
| 10p ordinary | Purchase | 85,022 | 4.6861 GBP | ||||
| 10p ordinary | Purchase | 83,501 | 4.6900 GBP | ||||
| 10p ordinary | Purchase | 60,525 | 4.7246 GBP | ||||
| 10p ordinary | Purchase | 51,802 | 4.7029 GBP | ||||
| 10p ordinary | Purchase | 48,937 | 4.6700 GBP | ||||
| 10p ordinary | Purchase | 38,005 | 4.6989 GBP | ||||
| 10p ordinary | Purchase | 33,748 | 4.6986 GBP | ||||
| 10p ordinary | Purchase | 29,981 | 4.6950 GBP | ||||
| 10p ordinary | Purchase | 28,923 | 4.6887 GBP | ||||
| 10p ordinary | Purchase | 17,515 | 4.7309 GBP | ||||
| 10p ordinary | Purchase | 15,004 | 4.6694 GBP | ||||
| 10p ordinary | Purchase | 7,543 | 4.7232 GBP | ||||
| 10p ordinary | Purchase | 6,927 | 4.7405 GBP | ||||
| 10p ordinary | Purchase | 5,888 | 4.6898 GBP | ||||
| 10p ordinary | Purchase | 3,431 | 4.7383 GBP | ||||
| 10p ordinary | Purchase | 3,078 | 4.7535 GBP | ||||
| 10p ordinary | Purchase | 2,945 | 4.7506 GBP | ||||
| 10p ordinary | Purchase | 2,646 | 4.7530 GBP | ||||
| 10p ordinary | Purchase | 2,363 | 4.7339 GBP | ||||
| 10p ordinary | Purchase | 1,721 | 4.6656 GBP | ||||
| 10p ordinary | Purchase | 1,643 | 4.6652 GBP | ||||
| 10p ordinary | Purchase | 1,610 | 4.7520 GBP | ||||
| 10p ordinary | Purchase | 1,526 | 4.7441 GBP | ||||
| 10p ordinary | Purchase | 944 | 4.7500 GBP | ||||
| 10p ordinary | Purchase | 941 | 4.7460 GBP | ||||
| 10p ordinary | Purchase | 810 | 4.7480 GBP | ||||
| 10p ordinary | Purchase | 625 | 4.7400 GBP | ||||
| 10p ordinary | Purchase | 549 | 4.7980 GBP | ||||
| 10p ordinary | Purchase | 368 | 4.7160 GBP | ||||
| 10p ordinary | Purchase | 334 | 4.6660 GBP | ||||
| 10p ordinary | Purchase | 334 | 4.7320 GBP | ||||
| 10p ordinary | Purchase | 237 | 4.7299 GBP | ||||
| 10p ordinary | Sale | 578,451 | 4.6927 GBP | ||||
| 10p ordinary | Sale | 273,153 | 4.6700 GBP | ||||
| 10p ordinary | Sale | 250,000 | 4.6970 GBP | ||||
| 10p ordinary | Sale | 94,309 | 4.7215 GBP | ||||
| 10p ordinary | Sale | 83,944 | 4.6971 GBP | ||||
| 10p ordinary | Sale | 43,417 | 4.7060 GBP | ||||
| 10p ordinary | Sale | 26,891 | 4.6982 GBP | ||||
| 10p ordinary | Sale | 21,056 | 4.6906 GBP | ||||
| 10p ordinary | Sale | 17,991 | 4.6690 GBP | ||||
| 10p ordinary | Sale | 14,771 | 4.6957 GBP | ||||
| 10p ordinary | Sale | 10,838 | 4.6804 GBP | ||||
| 10p ordinary | Sale | 9,005 | 4.6965 GBP | ||||
| 10p ordinary | Sale | 8,193 | 4.7467 GBP | ||||
| 10p ordinary | Sale | 7,248 | 4.7120 GBP | ||||
| 10p ordinary | Sale | 6,538 | 4.6742 GBP | ||||
| 10p ordinary | Sale | 3,688 | 4.7511 GBP | ||||
| 10p ordinary | Sale | 3,368 | 4.7405 GBP | ||||
| 10p ordinary | Sale | 3,118 | 4.7418 GBP | ||||
| 10p ordinary | Sale | 2,647 | 4.7102 GBP | ||||
| 10p ordinary | Sale | 2,646 | 4.7530 GBP | ||||
| 10p ordinary | Sale | 1,261 | 4.6672 GBP | ||||
| 10p ordinary | Sale | 1,228 | 4.6865 GBP | ||||
| 10p ordinary | Sale | 1,034 | 4.6640 GBP | ||||
| 10p ordinary | Sale | 897 | 4.7499 GBP | ||||
| 10p ordinary | Sale | 860 | 4.7507 GBP | ||||
| 10p ordinary | Sale | 836 | 4.7492 GBP | ||||
| 10p ordinary | Sale | 715 | 4.7119 GBP | ||||
| 10p ordinary | Sale | 687 | 4.6680 GBP | ||||
| 10p ordinary | Sale | 597 | 4.7440 GBP | ||||
| 10p ordinary | Sale | 549 | 4.7980 GBP | ||||
| 10p ordinary | Sale | 381 | 4.7520 GBP | ||||
| 10p ordinary | Sale | 334 | 4.6660 GBP | ||||
| 10p ordinary | Sale | 230 | 4.6980 GBP | ||||
| 10p ordinary | Sale | 166 | 4.7490 GBP | ||||
| 10p ordinary | Sale | 153 | 4.7328 GBP | ||||
| 10p ordinary | Sale | 43 | 4.7420 GBP | ||||
| 10p ordinary | Sale | 41 | 4.7062 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 | |||
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| securities |
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| 10p ordinary | SWAP | Increasing Long | 29,750 | 4.6930 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 17,991 | 4.6690 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14,198 | 4.6700 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 578,451 | 4.6927 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 83,944 | 4.6972 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 23,240 | 4.7058 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 27,460 | 4.7077 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 94,309 | 4.7215 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,977 | 4.7411 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 166 | 4.7490 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 860 | 4.7507 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 33,889 | 4.7670 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 112,735 | 4.7680 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 29,494 | 4.6700 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 43,855 | 4.6733 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 28,923 | 4.6887 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 60,525 | 4.7246 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,242 | 4.7419 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,526 | 4.7441 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 810 | 4.7480 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,945 | 4.7506 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,006 | 4.7517 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 65,481 | 4.7606 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 126,777 | 4.7611 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,208 | 4.7680 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 3,787 | 4.6700 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1,408 | 4.7492 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 549 | 4.7979 GBP | |||
| 10p ordinary | CFD | Increasing Short | 11,776 | 4.6700 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,140 | 4.7005 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: | 30 Oct 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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