| 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: | 02 Dec 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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| 33,226,328 | 2.41% | 23,128,491 | 1.68% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,946,877 | 0.87% | 32,143,553 | 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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| 45,173,205 | 3.27% | 55,272,044 | 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 |
| securities |
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| 10p ordinary | Purchase | 185,158 | 5.8227 GBP | ||||
| 10p ordinary | Purchase | 121,061 | 5.8214 GBP | ||||
| 10p ordinary | Purchase | 88,500 | 5.8250 GBP | ||||
| 10p ordinary | Purchase | 81,076 | 5.8240 GBP | ||||
| 10p ordinary | Purchase | 52,383 | 5.8201 GBP | ||||
| 10p ordinary | Purchase | 45,419 | 5.8119 GBP | ||||
| 10p ordinary | Purchase | 43,819 | 5.8112 GBP | ||||
| 10p ordinary | Purchase | 36,900 | 5.8232 GBP | ||||
| 10p ordinary | Purchase | 34,305 | 5.8171 GBP | ||||
| 10p ordinary | Purchase | 29,046 | 5.8132 GBP | ||||
| 10p ordinary | Purchase | 27,583 | 5.8034 GBP | ||||
| 10p ordinary | Purchase | 21,043 | 5.8303 GBP | ||||
| 10p ordinary | Purchase | 18,491 | 5.8066 GBP | ||||
| 10p ordinary | Purchase | 16,572 | 5.7897 GBP | ||||
| 10p ordinary | Purchase | 16,191 | 5.8147 GBP | ||||
| 10p ordinary | Purchase | 13,051 | 5.7950 GBP | ||||
| 10p ordinary | Purchase | 12,603 | 5.8012 GBP | ||||
| 10p ordinary | Purchase | 12,020 | 5.8305 GBP | ||||
| 10p ordinary | Purchase | 10,724 | 5.8113 GBP | ||||
| 10p ordinary | Purchase | 8,118 | 5.8089 GBP | ||||
| 10p ordinary | Purchase | 7,186 | 5.8000 GBP | ||||
| 10p ordinary | Purchase | 6,786 | 5.8190 GBP | ||||
| 10p ordinary | Purchase | 5,709 | 5.8076 GBP | ||||
| 10p ordinary | Purchase | 5,551 | 5.8327 GBP | ||||
| 10p ordinary | Purchase | 5,485 | 5.8152 GBP | ||||
| 10p ordinary | Purchase | 4,617 | 5.7925 GBP | ||||
| 10p ordinary | Purchase | 2,944 | 5.8199 GBP | ||||
| 10p ordinary | Purchase | 1,385 | 5.8033 GBP | ||||
| 10p ordinary | Purchase | 1,235 | 5.8150 GBP | ||||
| 10p ordinary | Purchase | 1,130 | 5.8450 GBP | ||||
| 10p ordinary | Purchase | 1,095 | 5.7987 GBP | ||||
| 10p ordinary | Purchase | 985 | 5.8298 GBP | ||||
| 10p ordinary | Purchase | 828 | 5.7908 GBP | ||||
| 10p ordinary | Purchase | 660 | 5.8443 GBP | ||||
| 10p ordinary | Purchase | 581 | 5.8300 GBP | ||||
| 10p ordinary | Purchase | 488 | 5.8100 GBP | ||||
| 10p ordinary | Purchase | 363 | 5.8400 GBP | ||||
| 10p ordinary | Purchase | 330 | 5.8500 GBP | ||||
| 10p ordinary | Purchase | 105 | 5.8444 GBP | ||||
| 10p ordinary | Sale | 236,830 | 5.8250 GBP | ||||
| 10p ordinary | Sale | 59,229 | 5.7991 GBP | ||||
| 10p ordinary | Sale | 54,912 | 5.8241 GBP | ||||
| 10p ordinary | Sale | 50,000 | 5.8253 GBP | ||||
| 10p ordinary | Sale | 36,770 | 5.8153 GBP | ||||
| 10p ordinary | Sale | 32,000 | 5.7523 GBP | ||||
| 10p ordinary | Sale | 27,025 | 5.8237 GBP | ||||
| 10p ordinary | Sale | 25,847 | 5.8038 GBP | ||||
| 10p ordinary | Sale | 8,969 | 5.8364 GBP | ||||
| 10p ordinary | Sale | 4,767 | 5.8257 GBP | ||||
| 10p ordinary | Sale | 3,368 | 5.8252 GBP | ||||
| 10p ordinary | Sale | 2,364 | 5.8451 GBP | ||||
| 10p ordinary | Sale | 2,055 | 5.8167 GBP | ||||
| 10p ordinary | Sale | 1,213 | 5.7950 GBP | ||||
| 10p ordinary | Sale | 764 | 5.8450 GBP | ||||
| 10p ordinary | Sale | 581 | 5.8300 GBP | ||||
| 10p ordinary | Sale | 330 | 5.8500 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 | Decreasing Short | 32,000 | 5.7524 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 59,229 | 5.7991 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,479 | 5.8119 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,055 | 5.8167 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 27,025 | 5.8237 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 24,932 | 5.8247 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 210,655 | 5.8250 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,368 | 5.8252 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,394 | 5.8327 USD | |||
| 10p ordinary | SWAP | Increasing Short | 13,974 | 5.8082 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 25,896 | 5.8146 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 10,481 | 5.8154 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 34,305 | 5.8171 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 27,298 | 5.8194 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,944 | 5.8199 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 36,900 | 5.8231 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 81,076 | 5.8240 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 45,925 | 5.8250 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 14,655 | 5.8258 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1,371 | 5.7996 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 348 | 5.8250 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 330 | 5.8500 GBP | |||
| 10p ordinary | CFD | Increasing Short | 5,886 | 5.8130 GBP | |||
| 10p ordinary | CFD | Increasing Short | 80,000 | 5.8229 GBP | |||
| 10p ordinary | CFD | Increasing Short | 12,241 | 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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| (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: | 03 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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