| 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: | 25 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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| 30,852,653 | 2.23% | 23,146,038 | 1.68% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,002,656 | 0.87% | 29,795,689 | 2.16% |
| (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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| 42,855,309 | 3.10% | 52,941,727 | 3.83% |
| (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 | 1,097,160 | 5.9147 GBP | ||||
| 10p ordinary | Purchase | 625,133 | 5.9150 GBP | ||||
| 10p ordinary | Purchase | 278,763 | 5.9138 GBP | ||||
| 10p ordinary | Purchase | 156,068 | 5.9533 GBP | ||||
| 10p ordinary | Purchase | 133,690 | 5.9330 GBP | ||||
| 10p ordinary | Purchase | 133,690 | 5.9192 GBP | ||||
| 10p ordinary | Purchase | 63,464 | 5.9160 GBP | ||||
| 10p ordinary | Purchase | 50,800 | 5.9236 GBP | ||||
| 10p ordinary | Purchase | 40,757 | 5.9050 GBP | ||||
| 10p ordinary | Purchase | 39,855 | 5.9415 GBP | ||||
| 10p ordinary | Purchase | 23,362 | 5.9317 GBP | ||||
| 10p ordinary | Purchase | 23,104 | 5.9244 GBP | ||||
| 10p ordinary | Purchase | 21,604 | 5.9280 GBP | ||||
| 10p ordinary | Purchase | 19,022 | 5.9152 GBP | ||||
| 10p ordinary | Purchase | 17,978 | 5.9796 GBP | ||||
| 10p ordinary | Purchase | 16,989 | 5.9183 GBP | ||||
| 10p ordinary | Purchase | 10,485 | 5.8954 GBP | ||||
| 10p ordinary | Purchase | 9,177 | 5.9238 GBP | ||||
| 10p ordinary | Purchase | 8,557 | 5.8992 GBP | ||||
| 10p ordinary | Purchase | 8,359 | 5.9844 GBP | ||||
| 10p ordinary | Purchase | 7,280 | 5.9120 GBP | ||||
| 10p ordinary | Purchase | 5,061 | 5.9068 GBP | ||||
| 10p ordinary | Purchase | 5,043 | 5.9359 GBP | ||||
| 10p ordinary | Purchase | 4,973 | 5.9208 GBP | ||||
| 10p ordinary | Purchase | 4,106 | 5.9173 GBP | ||||
| 10p ordinary | Purchase | 4,018 | 5.9143 GBP | ||||
| 10p ordinary | Purchase | 3,874 | 5.9202 GBP | ||||
| 10p ordinary | Purchase | 3,565 | 5.9590 GBP | ||||
| 10p ordinary | Purchase | 3,105 | 5.9389 GBP | ||||
| 10p ordinary | Purchase | 2,566 | 5.9420 GBP | ||||
| 10p ordinary | Purchase | 2,156 | 5.9214 GBP | ||||
| 10p ordinary | Purchase | 2,047 | 6.0018 GBP | ||||
| 10p ordinary | Purchase | 1,828 | 5.9000 GBP | ||||
| 10p ordinary | Purchase | 1,172 | 5.9525 GBP | ||||
| 10p ordinary | Purchase | 674 | 5.8925 GBP | ||||
| 10p ordinary | Purchase | 511 | 5.8900 GBP | ||||
| 10p ordinary | Purchase | 501 | 6.0050 GBP | ||||
| 10p ordinary | Purchase | 472 | 5.9400 GBP | ||||
| 10p ordinary | Sale | 789,917 | 5.9150 GBP | ||||
| 10p ordinary | Sale | 249,876 | 5.9155 GBP | ||||
| 10p ordinary | Sale | 231,163 | 5.9428 GBP | ||||
| 10p ordinary | Sale | 136,644 | 5.9410 GBP | ||||
| 10p ordinary | Sale | 134,866 | 5.9053 GBP | ||||
| 10p ordinary | Sale | 51,668 | 5.9157 GBP | ||||
| 10p ordinary | Sale | 28,586 | 5.9329 GBP | ||||
| 10p ordinary | Sale | 24,443 | 5.9436 GBP | ||||
| 10p ordinary | Sale | 20,131 | 5.9328 GBP | ||||
| 10p ordinary | Sale | 18,041 | 5.9405 GBP | ||||
| 10p ordinary | Sale | 12,424 | 5.9357 GBP | ||||
| 10p ordinary | Sale | 12,083 | 5.9359 GBP | ||||
| 10p ordinary | Sale | 11,812 | 5.9474 GBP | ||||
| 10p ordinary | Sale | 10,071 | 5.9306 GBP | ||||
| 10p ordinary | Sale | 9,461 | 5.8996 GBP | ||||
| 10p ordinary | Sale | 9,318 | 5.9138 GBP | ||||
| 10p ordinary | Sale | 9,216 | 5.9532 GBP | ||||
| 10p ordinary | Sale | 8,619 | 5.9254 GBP | ||||
| 10p ordinary | Sale | 7,563 | 5.9440 GBP | ||||
| 10p ordinary | Sale | 7,273 | 5.9361 GBP | ||||
| 10p ordinary | Sale | 6,643 | 5.9404 GBP | ||||
| 10p ordinary | Sale | 5,837 | 5.9465 GBP | ||||
| 10p ordinary | Sale | 5,598 | 5.9165 GBP | ||||
| 10p ordinary | Sale | 4,715 | 5.9287 GBP | ||||
| 10p ordinary | Sale | 4,278 | 5.9767 GBP | ||||
| 10p ordinary | Sale | 4,018 | 5.9143 GBP | ||||
| 10p ordinary | Sale | 3,997 | 5.9450 GBP | ||||
| 10p ordinary | Sale | 3,428 | 5.9293 GBP | ||||
| 10p ordinary | Sale | 1,343 | 5.9250 GBP | ||||
| 10p ordinary | Sale | 1,203 | 5.9724 GBP | ||||
| 10p ordinary | Sale | 1,172 | 5.9525 GBP | ||||
| 10p ordinary | Sale | 880 | 5.9000 GBP | ||||
| 10p ordinary | Sale | 816 | 5.9599 GBP | ||||
| 10p ordinary | Sale | 402 | 5.9799 GBP | ||||
| 10p ordinary | Sale | 264 | 5.8950 GBP | ||||
| 10p ordinary | Sale | 102 | 5.9800 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 | Increasing Short | 25,687 | 5.9260 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 264 | 5.8950 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,318 | 5.9138 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 44,164 | 5.9150 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 51,668 | 5.9157 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,131 | 5.9328 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,083 | 5.9359 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,678 | 5.9402 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,022 | 5.9450 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7 | 5.9600 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,278 | 5.9767 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 501,132 | 5.9150 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 62,508 | 5.9163 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,824 | 5.9218 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 50,800 | 5.9235 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,562 | 5.9334 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,043 | 5.9359 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 39,855 | 5.9415 USD | |||
| 10p ordinary | SWAP | Increasing Short | 156,068 | 5.9533 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,635 | 5.9716 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17,978 | 5.9796 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,913 | 6.0026 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 4,018 | 5.9143 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 3,826 | 5.9150 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 231,163 | 5.9428 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 5,362 | 5.9551 GBP | |||
| 10p ordinary | CFD | Increasing Short | 16,115 | 5.9104 GBP | |||
| 10p ordinary | CFD | Increasing Short | 499,747 | 5.9150 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: | 26 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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