| 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 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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| 33,189,849 | 2.40% | 23,099,126 | 1.67% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,951,392 | 0.87% | 32,139,493 | 2.33% |
| (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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| 45,141,241 | 3.27% | 55,238,619 | 4.00% |
| (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 | 596,995 | 5.8246 GBP | ||||
| 10p ordinary | Purchase | 192,209 | 5.8244 GBP | ||||
| 10p ordinary | Purchase | 94,874 | 5.8197 GBP | ||||
| 10p ordinary | Purchase | 58,662 | 5.8278 GBP | ||||
| 10p ordinary | Purchase | 50,300 | 5.8243 GBP | ||||
| 10p ordinary | Purchase | 44,635 | 5.9238 GBP | ||||
| 10p ordinary | Purchase | 36,221 | 5.8249 GBP | ||||
| 10p ordinary | Purchase | 31,579 | 5.8250 GBP | ||||
| 10p ordinary | Purchase | 27,775 | 5.8215 GBP | ||||
| 10p ordinary | Purchase | 23,983 | 5.8252 GBP | ||||
| 10p ordinary | Purchase | 14,023 | 5.8301 GBP | ||||
| 10p ordinary | Purchase | 12,238 | 5.8261 GBP | ||||
| 10p ordinary | Purchase | 11,938 | 5.8232 GBP | ||||
| 10p ordinary | Purchase | 9,203 | 5.8235 GBP | ||||
| 10p ordinary | Purchase | 6,224 | 5.8242 GBP | ||||
| 10p ordinary | Purchase | 4,988 | 5.8341 GBP | ||||
| 10p ordinary | Purchase | 4,139 | 5.8196 GBP | ||||
| 10p ordinary | Purchase | 3,464 | 5.8283 GBP | ||||
| 10p ordinary | Purchase | 3,379 | 5.8224 GBP | ||||
| 10p ordinary | Purchase | 2,837 | 5.8425 GBP | ||||
| 10p ordinary | Purchase | 1,630 | 5.8400 GBP | ||||
| 10p ordinary | Purchase | 1,538 | 5.8150 GBP | ||||
| 10p ordinary | Purchase | 1,038 | 5.8173 GBP | ||||
| 10p ordinary | Purchase | 1,020 | 5.8050 GBP | ||||
| 10p ordinary | Purchase | 831 | 5.8175 GBP | ||||
| 10p ordinary | Purchase | 524 | 5.8225 GBP | ||||
| 10p ordinary | Purchase | 480 | 5.8100 GBP | ||||
| 10p ordinary | Purchase | 40 | 5.8075 GBP | ||||
| 10p ordinary | Sale | 428,291 | 5.8250 GBP | ||||
| 10p ordinary | Sale | 75,000 | 5.8284 GBP | ||||
| 10p ordinary | Sale | 58,694 | 5.8251 GBP | ||||
| 10p ordinary | Sale | 52,008 | 5.8220 GBP | ||||
| 10p ordinary | Sale | 31,854 | 5.8246 GBP | ||||
| 10p ordinary | Sale | 18,132 | 5.8232 GBP | ||||
| 10p ordinary | Sale | 8,201 | 5.8121 GBP | ||||
| 10p ordinary | Sale | 6,087 | 5.8253 GBP | ||||
| 10p ordinary | Sale | 3,964 | 5.8405 GBP | ||||
| 10p ordinary | Sale | 3,887 | 5.8226 GBP | ||||
| 10p ordinary | Sale | 3,820 | 5.8193 GBP | ||||
| 10p ordinary | Sale | 3,107 | 5.8265 GBP | ||||
| 10p ordinary | Sale | 2,550 | 5.8086 GBP | ||||
| 10p ordinary | Sale | 2,338 | 5.8244 GBP | ||||
| 10p ordinary | Sale | 1,185 | 5.8245 GBP | ||||
| 10p ordinary | Sale | 1,092 | 5.8383 GBP | ||||
| 10p ordinary | Sale | 1,020 | 5.8050 GBP | ||||
| 10p ordinary | Sale | 990 | 5.8349 GBP | ||||
| 10p ordinary | Sale | 958 | 5.8125 GBP | ||||
| 10p ordinary | Sale | 514 | 5.8150 GBP | ||||
| 10p ordinary | Sale | 497 | 5.8400 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 | 11,661 | 5.8255 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,966 | 5.8256 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8,201 | 5.8121 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 52,008 | 5.8220 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,544 | 5.8238 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 31,854 | 5.8246 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,310 | 5.8247 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 63,101 | 5.8249 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 158,638 | 5.8250 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,092 | 5.8383 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 627 | 5.8395 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 136 | 5.8400 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,344 | 5.8406 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 94,874 | 5.8197 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 27,775 | 5.8215 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 50,300 | 5.8243 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 327,998 | 5.8245 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 127,357 | 5.8249 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 124,040 | 5.8250 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,391 | 5.8261 USD | |||
| 10p ordinary | SWAP | Increasing Short | 14,436 | 5.8265 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 23,363 | 5.8272 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,464 | 5.8283 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 44,635 | 5.9238 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 346 | 5.8250 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,020 | 5.8050 GBP | |||
| 10p ordinary | CFD | Increasing Short | 346 | 5.8250 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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| securities | unit | |||
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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: | 02 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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