| 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: | 05 Nov 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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| 24,077,321 | 1.74% | 25,312,757 | 1.83% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,192,872 | 0.88% | 23,191,531 | 1.68% |
| (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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| 36,270,193 | 2.62% | 48,504,288 | 3.51% |
| (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 | 277,746 | 5.5750 GBP | ||||
| 10p ordinary | Purchase | 96,268 | 5.5653 GBP | ||||
| 10p ordinary | Purchase | 90,496 | 5.5500 GBP | ||||
| 10p ordinary | Purchase | 77,556 | 5.5900 GBP | ||||
| 10p ordinary | Purchase | 64,088 | 5.5595 GBP | ||||
| 10p ordinary | Purchase | 38,000 | 5.6025 GBP | ||||
| 10p ordinary | Purchase | 16,508 | 5.5428 GBP | ||||
| 10p ordinary | Purchase | 16,257 | 5.5950 GBP | ||||
| 10p ordinary | Purchase | 15,060 | 5.5669 GBP | ||||
| 10p ordinary | Purchase | 12,731 | 5.5636 GBP | ||||
| 10p ordinary | Purchase | 6,977 | 5.5369 GBP | ||||
| 10p ordinary | Purchase | 6,770 | 5.4968 GBP | ||||
| 10p ordinary | Purchase | 5,540 | 5.5791 GBP | ||||
| 10p ordinary | Purchase | 4,136 | 5.5840 GBP | ||||
| 10p ordinary | Purchase | 1,800 | 5.4850 GBP | ||||
| 10p ordinary | Purchase | 1,366 | 5.4815 GBP | ||||
| 10p ordinary | Purchase | 1,248 | 5.5347 GBP | ||||
| 10p ordinary | Purchase | 1,116 | 5.4615 GBP | ||||
| 10p ordinary | Purchase | 890 | 5.4844 GBP | ||||
| 10p ordinary | Purchase | 590 | 5.4894 GBP | ||||
| 10p ordinary | Sale | 1,524,800 | 5.5250 GBP | ||||
| 10p ordinary | Sale | 405,901 | 5.5744 GBP | ||||
| 10p ordinary | Sale | 222,520 | 5.5799 GBP | ||||
| 10p ordinary | Sale | 219,035 | 5.5750 GBP | ||||
| 10p ordinary | Sale | 118,031 | 5.5787 GBP | ||||
| 10p ordinary | Sale | 105,886 | 5.5632 GBP | ||||
| 10p ordinary | Sale | 77,556 | 5.5900 GBP | ||||
| 10p ordinary | Sale | 60,002 | 5.5760 GBP | ||||
| 10p ordinary | Sale | 44,378 | 5.5623 GBP | ||||
| 10p ordinary | Sale | 36,182 | 5.5755 GBP | ||||
| 10p ordinary | Sale | 25,775 | 5.5925 GBP | ||||
| 10p ordinary | Sale | 19,397 | 5.5662 GBP | ||||
| 10p ordinary | Sale | 15,628 | 5.5950 GBP | ||||
| 10p ordinary | Sale | 11,881 | 5.5803 GBP | ||||
| 10p ordinary | Sale | 10,415 | 5.5739 GBP | ||||
| 10p ordinary | Sale | 10,406 | 5.5099 GBP | ||||
| 10p ordinary | Sale | 10,377 | 5.5450 GBP | ||||
| 10p ordinary | Sale | 8,898 | 5.5596 GBP | ||||
| 10p ordinary | Sale | 7,768 | 5.5673 GBP | ||||
| 10p ordinary | Sale | 6,977 | 5.5370 GBP | ||||
| 10p ordinary | Sale | 6,284 | 5.5062 GBP | ||||
| 10p ordinary | Sale | 6,199 | 5.5501 GBP | ||||
| 10p ordinary | Sale | 4,912 | 5.5869 GBP | ||||
| 10p ordinary | Sale | 4,351 | 5.5286 GBP | ||||
| 10p ordinary | Sale | 2,747 | 5.5379 GBP | ||||
| 10p ordinary | Sale | 2,615 | 5.5800 GBP | ||||
| 10p ordinary | Sale | 2,391 | 5.5825 GBP | ||||
| 10p ordinary | Sale | 1,532 | 5.5150 GBP | ||||
| 10p ordinary | Sale | 1,215 | 5.4921 GBP | ||||
| 10p ordinary | Sale | 1,213 | 5.5885 GBP | ||||
| 10p ordinary | Sale | 1,075 | 5.5824 GBP | ||||
| 10p ordinary | Sale | 890 | 5.4850 GBP | ||||
| 10p ordinary | Sale | 673 | 5.4826 GBP | ||||
| 10p ordinary | Sale | 590 | 5.4900 GBP | ||||
| 10p ordinary | Sale | 122 | 5.5199 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 |
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| 10p ordinary | SWAP | Increasing Long | 28,789 | 5.5517 GBP | |||
| 10p ordinary | SWAP | Opening Short | 1,000,000 | 4.7436 USD | |||
| 10p ordinary | SWAP | Increasing Short | 500,000 | 4.7683 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 1,215 | 5.4921 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,406 | 5.5099 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 122 | 5.5199 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,519,364 | 5.5250 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 39,700 | 5.5404 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,415 | 5.5739 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 38,969 | 5.5747 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 125,596 | 5.5750 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 322,233 | 5.5767 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 29,185 | 5.5770 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,078 | 5.5777 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 118,031 | 5.5787 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 222,520 | 5.5799 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 34,239 | 5.5860 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,366 | 5.4815 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,624 | 5.4884 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 750 | 5.4900 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,770 | 5.4968 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 90,496 | 5.5500 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,540 | 5.5534 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,025 | 5.5597 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 78,642 | 5.5750 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 173,728 | 5.5752 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,163 | 5.5950 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 38,000 | 5.6025 USD | |||
| 10p ordinary | CFD | Decreasing Short | 3,095 | 5.4750 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 9,134 | 5.4792 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 589 | 5.5386 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 68,523 | 5.5750 GBP | |||
| 10p ordinary | CFD | Increasing Short | 3,095 | 5.4750 GBP | |||
| 10p ordinary | CFD | Increasing Short | 7,127 | 5.5750 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,060 | 5.5670 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: | 06 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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