| 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: | 26 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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| 31,749,663 | 2.30% | 23,462,007 | 1.70% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,306,818 | 0.89% | 30,668,477 | 2.22% |
| (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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| 44,056,481 | 3.19% | 54,130,484 | 3.92% |
| (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 | 541,377 | 5.9400 GBP | ||||
| 10p ordinary | Purchase | 150,331 | 5.9397 GBP | ||||
| 10p ordinary | Purchase | 147,796 | 5.9414 GBP | ||||
| 10p ordinary | Purchase | 91,789 | 5.9299 GBP | ||||
| 10p ordinary | Purchase | 88,014 | 5.9524 GBP | ||||
| 10p ordinary | Purchase | 72,000 | 5.9819 GBP | ||||
| 10p ordinary | Purchase | 51,500 | 5.9374 GBP | ||||
| 10p ordinary | Purchase | 50,000 | 5.9826 GBP | ||||
| 10p ordinary | Purchase | 25,812 | 5.9457 GBP | ||||
| 10p ordinary | Purchase | 24,392 | 5.9489 GBP | ||||
| 10p ordinary | Purchase | 18,044 | 5.9116 GBP | ||||
| 10p ordinary | Purchase | 10,998 | 5.9817 GBP | ||||
| 10p ordinary | Purchase | 9,987 | 5.9360 GBP | ||||
| 10p ordinary | Purchase | 6,570 | 5.9534 GBP | ||||
| 10p ordinary | Purchase | 5,934 | 5.9370 GBP | ||||
| 10p ordinary | Purchase | 5,884 | 5.9100 GBP | ||||
| 10p ordinary | Purchase | 3,743 | 5.9900 GBP | ||||
| 10p ordinary | Purchase | 3,398 | 5.9150 GBP | ||||
| 10p ordinary | Purchase | 2,907 | 5.9364 GBP | ||||
| 10p ordinary | Purchase | 2,507 | 5.9349 GBP | ||||
| 10p ordinary | Purchase | 2,359 | 5.9756 GBP | ||||
| 10p ordinary | Purchase | 2,340 | 5.9800 GBP | ||||
| 10p ordinary | Purchase | 2,137 | 5.9443 GBP | ||||
| 10p ordinary | Purchase | 2,038 | 5.9166 GBP | ||||
| 10p ordinary | Purchase | 2,031 | 5.9000 GBP | ||||
| 10p ordinary | Purchase | 2,023 | 5.9425 GBP | ||||
| 10p ordinary | Purchase | 1,999 | 5.9296 GBP | ||||
| 10p ordinary | Purchase | 1,884 | 5.9281 GBP | ||||
| 10p ordinary | Purchase | 1,705 | 5.9257 GBP | ||||
| 10p ordinary | Purchase | 1,671 | 6.0000 GBP | ||||
| 10p ordinary | Purchase | 1,662 | 5.9835 GBP | ||||
| 10p ordinary | Purchase | 1,055 | 5.9850 GBP | ||||
| 10p ordinary | Purchase | 1,035 | 5.9178 GBP | ||||
| 10p ordinary | Purchase | 890 | 5.9550 GBP | ||||
| 10p ordinary | Purchase | 889 | 5.9651 GBP | ||||
| 10p ordinary | Purchase | 882 | 5.9350 GBP | ||||
| 10p ordinary | Purchase | 802 | 6.0150 GBP | ||||
| 10p ordinary | Purchase | 747 | 5.9750 GBP | ||||
| 10p ordinary | Purchase | 736 | 5.9175 GBP | ||||
| 10p ordinary | Purchase | 353 | 5.9351 GBP | ||||
| 10p ordinary | Purchase | 305 | 5.9401 GBP | ||||
| 10p ordinary | Purchase | 94 | 5.9950 GBP | ||||
| 10p ordinary | Purchase | 60 | 5.9369 GBP | ||||
| 10p ordinary | Purchase | 43 | 5.9544 GBP | ||||
| 10p ordinary | Sale | 434,715 | 5.9376 GBP | ||||
| 10p ordinary | Sale | 431,681 | 5.9400 GBP | ||||
| 10p ordinary | Sale | 203,247 | 5.9844 GBP | ||||
| 10p ordinary | Sale | 83,712 | 5.9495 GBP | ||||
| 10p ordinary | Sale | 67,766 | 5.9430 GBP | ||||
| 10p ordinary | Sale | 55,323 | 5.9440 GBP | ||||
| 10p ordinary | Sale | 47,830 | 5.9433 GBP | ||||
| 10p ordinary | Sale | 29,593 | 5.9342 GBP | ||||
| 10p ordinary | Sale | 27,108 | 5.9703 GBP | ||||
| 10p ordinary | Sale | 23,556 | 5.9468 GBP | ||||
| 10p ordinary | Sale | 20,549 | 5.9388 GBP | ||||
| 10p ordinary | Sale | 18,813 | 5.9857 GBP | ||||
| 10p ordinary | Sale | 18,743 | 5.9833 GBP | ||||
| 10p ordinary | Sale | 18,596 | 5.9438 GBP | ||||
| 10p ordinary | Sale | 13,998 | 5.9481 GBP | ||||
| 10p ordinary | Sale | 11,301 | 5.9531 GBP | ||||
| 10p ordinary | Sale | 9,274 | 5.9768 GBP | ||||
| 10p ordinary | Sale | 7,952 | 5.9425 GBP | ||||
| 10p ordinary | Sale | 6,747 | 5.9100 GBP | ||||
| 10p ordinary | Sale | 6,393 | 5.9379 GBP | ||||
| 10p ordinary | Sale | 6,049 | 5.9385 GBP | ||||
| 10p ordinary | Sale | 5,973 | 5.9611 GBP | ||||
| 10p ordinary | Sale | 5,917 | 5.9161 GBP | ||||
| 10p ordinary | Sale | 5,546 | 5.9519 GBP | ||||
| 10p ordinary | Sale | 5,286 | 5.9420 GBP | ||||
| 10p ordinary | Sale | 5,068 | 5.9826 GBP | ||||
| 10p ordinary | Sale | 4,649 | 5.9427 GBP | ||||
| 10p ordinary | Sale | 4,417 | 5.9653 GBP | ||||
| 10p ordinary | Sale | 4,413 | 5.9613 GBP | ||||
| 10p ordinary | Sale | 3,398 | 5.9150 GBP | ||||
| 10p ordinary | Sale | 2,996 | 5.9275 GBP | ||||
| 10p ordinary | Sale | 2,888 | 5.9550 GBP | ||||
| 10p ordinary | Sale | 2,606 | 5.9103 GBP | ||||
| 10p ordinary | Sale | 2,518 | 5.9396 GBP | ||||
| 10p ordinary | Sale | 2,308 | 5.9200 GBP | ||||
| 10p ordinary | Sale | 2,077 | 5.9665 GBP | ||||
| 10p ordinary | Sale | 1,969 | 5.9579 GBP | ||||
| 10p ordinary | Sale | 1,920 | 5.9626 GBP | ||||
| 10p ordinary | Sale | 1,671 | 6.0000 GBP | ||||
| 10p ordinary | Sale | 1,583 | 5.9659 GBP | ||||
| 10p ordinary | Sale | 1,534 | 5.9794 GBP | ||||
| 10p ordinary | Sale | 1,515 | 5.9232 GBP | ||||
| 10p ordinary | Sale | 1,464 | 5.9676 GBP | ||||
| 10p ordinary | Sale | 1,165 | 5.9529 GBP | ||||
| 10p ordinary | Sale | 990 | 5.9339 GBP | ||||
| 10p ordinary | Sale | 988 | 5.9281 GBP | ||||
| 10p ordinary | Sale | 922 | 5.9500 GBP | ||||
| 10p ordinary | Sale | 882 | 5.9350 GBP | ||||
| 10p ordinary | Sale | 802 | 6.0150 GBP | ||||
| 10p ordinary | Sale | 747 | 5.9750 GBP | ||||
| 10p ordinary | Sale | 627 | 5.9575 GBP | ||||
| 10p ordinary | Sale | 554 | 5.9850 GBP | ||||
| 10p ordinary | Sale | 471 | 5.9175 GBP | ||||
| 10p ordinary | Sale | 336 | 5.9483 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 | Decreasing Short | 203,247 | 5.9844 USD | |||
| 10p ordinary | SWAP | Increasing Short | 25,554 | 5.9458 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 14 | 5.9100 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 988 | 5.9281 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 11,432 | 5.9309 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,549 | 5.9388 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,518 | 5.9396 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 314,438 | 5.9400 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 67,766 | 5.9430 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,768 | 5.9438 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 83,712 | 5.9495 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 27,108 | 5.9703 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,274 | 5.9768 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,999 | 5.9296 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,507 | 5.9348 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,597 | 5.9355 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,907 | 5.9364 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 51,500 | 5.9373 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,172 | 5.9382 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 124,678 | 5.9397 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 30,505 | 5.9399 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,164 | 5.9400 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,023 | 5.9425 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,392 | 5.9489 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 400,000 | 5.9500 USD | |||
| 10p ordinary | SWAP | Increasing Short | 72,000 | 5.9819 USD | |||
| 10p ordinary | SWAP | Increasing Short | 460,000 | 6.0093 USD | |||
| 10p ordinary | CFD | Decreasing Short | 2,227 | 5.9100 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 11,097 | 5.9133 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 215 | 5.9400 GBP | |||
| 10p ordinary | CFD | Increasing Short | 112,981 | 5.9400 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 | ||||
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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: | 27 Nov 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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