| 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: | 03 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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| 33,504,188 | 2.43% | 23,176,196 | 1.68% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,018,747 | 0.87% | 32,450,988 | 2.35% |
| (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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| 45,522,935 | 3.30% | 55,627,184 | 4.03% |
| (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 | 155,681 | 5.8411 GBP | ||||
| 10p ordinary | Purchase | 150,227 | 5.8443 GBP | ||||
| 10p ordinary | Purchase | 83,223 | 5.8433 GBP | ||||
| 10p ordinary | Purchase | 73,890 | 5.8499 GBP | ||||
| 10p ordinary | Purchase | 43,275 | 5.8500 GBP | ||||
| 10p ordinary | Purchase | 18,917 | 5.8250 GBP | ||||
| 10p ordinary | Purchase | 18,771 | 5.8345 GBP | ||||
| 10p ordinary | Purchase | 17,900 | 5.8369 GBP | ||||
| 10p ordinary | Purchase | 16,771 | 5.8413 GBP | ||||
| 10p ordinary | Purchase | 12,028 | 5.8340 GBP | ||||
| 10p ordinary | Purchase | 9,113 | 5.8431 GBP | ||||
| 10p ordinary | Purchase | 7,036 | 5.8427 GBP | ||||
| 10p ordinary | Purchase | 6,919 | 5.8375 GBP | ||||
| 10p ordinary | Purchase | 4,571 | 5.8176 GBP | ||||
| 10p ordinary | Purchase | 3,863 | 5.8372 GBP | ||||
| 10p ordinary | Purchase | 3,707 | 5.8511 GBP | ||||
| 10p ordinary | Purchase | 3,122 | 5.8328 GBP | ||||
| 10p ordinary | Purchase | 2,998 | 5.8313 GBP | ||||
| 10p ordinary | Purchase | 2,381 | 5.8324 GBP | ||||
| 10p ordinary | Purchase | 2,328 | 5.8188 GBP | ||||
| 10p ordinary | Purchase | 2,273 | 5.8422 GBP | ||||
| 10p ordinary | Purchase | 2,268 | 5.8244 GBP | ||||
| 10p ordinary | Purchase | 1,704 | 5.8287 GBP | ||||
| 10p ordinary | Purchase | 1,282 | 5.8454 GBP | ||||
| 10p ordinary | Purchase | 1,177 | 5.8403 GBP | ||||
| 10p ordinary | Purchase | 1,095 | 5.8575 GBP | ||||
| 10p ordinary | Purchase | 515 | 5.8300 GBP | ||||
| 10p ordinary | Purchase | 229 | 5.8212 GBP | ||||
| 10p ordinary | Purchase | 119 | 5.8450 GBP | ||||
| 10p ordinary | Sale | 164,880 | 5.8500 GBP | ||||
| 10p ordinary | Sale | 102,400 | 5.8320 GBP | ||||
| 10p ordinary | Sale | 50,752 | 5.8513 GBP | ||||
| 10p ordinary | Sale | 50,000 | 5.8339 GBP | ||||
| 10p ordinary | Sale | 12,056 | 5.8438 GBP | ||||
| 10p ordinary | Sale | 8,975 | 5.8354 GBP | ||||
| 10p ordinary | Sale | 7,316 | 5.8381 GBP | ||||
| 10p ordinary | Sale | 6,270 | 5.8427 GBP | ||||
| 10p ordinary | Sale | 6,088 | 5.8265 GBP | ||||
| 10p ordinary | Sale | 4,317 | 5.8496 GBP | ||||
| 10p ordinary | Sale | 3,562 | 5.8395 GBP | ||||
| 10p ordinary | Sale | 1,030 | 5.8454 GBP | ||||
| 10p ordinary | Sale | 271 | 5.8140 GBP | ||||
| 10p ordinary | Sale | 250 | 5.8399 GBP | ||||
| 10p ordinary | Sale | 56 | 5.8250 GBP | ||||
| 10p ordinary | Sale | 35 | 5.8200 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 | 26,687 | 5.8414 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,088 | 5.8265 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 102,400 | 5.8320 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8,975 | 5.8354 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,316 | 5.8381 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 250 | 5.8399 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 26,687 | 5.8487 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,509 | 5.8500 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 9,874 | 5.8295 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,381 | 5.8324 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,332 | 5.8325 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 12,028 | 5.8340 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17,900 | 5.8368 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 155,681 | 5.8411 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 83,223 | 5.8433 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 119 | 5.8450 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 27,835 | 5.8497 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,788 | 5.8500 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,707 | 5.8511 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 14,125 | 5.8500 GBP | |||
| 10p ordinary | CFD | Increasing Short | 136 | 5.8253 GBP | |||
| 10p ordinary | CFD | Increasing Short | 35,224 | 5.8500 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: | 04 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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