| 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 | | |||||
| | positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | DS SMITH PLC | |||||
| | relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an | | |||||
| | offeror/offeree, state this and specify identity of | ||||||
| | offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 17 Dec 2024 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: | | | |||
| | disclosures in respect of any other party to the offer? | INTERNATIONAL PAPER COMPANY | | ||||
| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree | | |||||
| | to which the disclosure relates following the dealing(if any) | | |||||
| Class of relevant security: | 10p ordinary | ||||||
| | Interests | Short Positions | |||||
| | Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned | | | | | ||
| | and/or controlled: | | | 34,499,758 | 2.50% | 16,443,626 | 1.19% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,610,829 | 0.91% | 33,376,759 | 2.42% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 47,110,587 | 3.41% | 49,820,385 | 3.61% |
| (b) | Rights to subscribe for new securities (including directors and other executive | | |||||
| | options) | | | | | | |
| Class of relevant security in relation to | | | | | |||
| which subscription right exists | | | | | |||
| Details, including nature of the rights | | | | | |||
| concerned and relevant percentages: | | | | | |||
| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales | | | | | | |
| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security | | securities | | ||||
| 10p ordinary | Purchase | 301,107 | 5.4477 GBP | ||||
| 10p ordinary | Purchase | 256,422 | 5.4350 GBP | ||||
| 10p ordinary | Purchase | 98,859 | 5.4229 GBP | ||||
| 10p ordinary | Purchase | 18,509 | 5.4376 GBP | ||||
| 10p ordinary | Purchase | 16,414 | 5.4579 GBP | ||||
| 10p ordinary | Purchase | 12,048 | 5.4621 GBP | ||||
| 10p ordinary | Purchase | 9,496 | 5.4502 GBP | ||||
| 10p ordinary | Purchase | 7,045 | 5.4355 GBP | ||||
| 10p ordinary | Purchase | 4,113 | 5.4434 GBP | ||||
| 10p ordinary | Purchase | 3,932 | 5.4413 GBP | ||||
| 10p ordinary | Purchase | 2,787 | 5.4397 GBP | ||||
| 10p ordinary | Purchase | 2,409 | 5.4488 GBP | ||||
| 10p ordinary | Purchase | 1,534 | 5.4400 GBP | ||||
| 10p ordinary | Purchase | 1,343 | 5.4591 GBP | ||||
| 10p ordinary | Purchase | 1,144 | 5.4388 GBP | ||||
| 10p ordinary | Purchase | 864 | 5.4275 GBP | ||||
| 10p ordinary | Purchase | 805 | 5.4383 GBP | ||||
| 10p ordinary | Purchase | 642 | 5.4250 GBP | ||||
| 10p ordinary | Purchase | 455 | 5.4406 GBP | ||||
| 10p ordinary | Purchase | 444 | 5.4384 GBP | ||||
| 10p ordinary | Purchase | 296 | 5.4550 GBP | ||||
| 10p ordinary | Purchase | 277 | 5.4700 GBP | ||||
| 10p ordinary | Purchase | 80 | 5.4356 GBP | ||||
| 10p ordinary | Purchase | 1 | 5.4450 GBP | ||||
| 10p ordinary | Sale | 136,124 | 5.4350 GBP | ||||
| 10p ordinary | Sale | 71,630 | 5.4344 GBP | ||||
| 10p ordinary | Sale | 39,181 | 5.4445 GBP | ||||
| 10p ordinary | Sale | 36,918 | 5.4396 GBP | ||||
| 10p ordinary | Sale | 35,995 | 5.4240 GBP | ||||
| 10p ordinary | Sale | 35,600 | 5.4437 GBP | ||||
| 10p ordinary | Sale | 29,163 | 5.4459 GBP | ||||
| 10p ordinary | Sale | 28,233 | 5.4311 GBP | ||||
| 10p ordinary | Sale | 23,150 | 5.4233 GBP | ||||
| 10p ordinary | Sale | 17,404 | 5.4250 GBP | ||||
| 10p ordinary | Sale | 17,311 | 5.4385 GBP | ||||
| 10p ordinary | Sale | 13,763 | 5.4455 GBP | ||||
| 10p ordinary | Sale | 13,054 | 5.4482 GBP | ||||
| 10p ordinary | Sale | 10,216 | 5.4442 GBP | ||||
| 10p ordinary | Sale | 7,045 | 5.4355 GBP | ||||
| 10p ordinary | Sale | 6,373 | 5.4441 GBP | ||||
| 10p ordinary | Sale | 6,241 | 5.4540 GBP | ||||
| 10p ordinary | Sale | 6,185 | 5.4420 GBP | ||||
| 10p ordinary | Sale | 5,857 | 5.4677 GBP | ||||
| 10p ordinary | Sale | 5,420 | 5.4549 GBP | ||||
| 10p ordinary | Sale | 4,994 | 5.4431 GBP | ||||
| 10p ordinary | Sale | 3,495 | 5.4377 GBP | ||||
| 10p ordinary | Sale | 3,346 | 5.4552 GBP | ||||
| 10p ordinary | Sale | 2,819 | 5.4475 GBP | ||||
| 10p ordinary | Sale | 2,199 | 5.4612 GBP | ||||
| 10p ordinary | Sale | 1,745 | 5.4347 GBP | ||||
| 10p ordinary | Sale | 1,319 | 5.4490 GBP | ||||
| 10p ordinary | Sale | 1,273 | 5.4339 GBP | ||||
| 10p ordinary | Sale | 882 | 5.4427 GBP | ||||
| 10p ordinary | Sale | 740 | 5.4425 GBP | ||||
| 10p ordinary | Sale | 671 | 5.4450 GBP | ||||
| 10p ordinary | Sale | 330 | 5.4400 GBP | ||||
| 10p ordinary | Sale | 322 | 5.4449 GBP | ||||
| 10p ordinary | Sale | 277 | 5.4700 GBP | ||||
| | | | | | | | |
| (b) | Cash-settled derivative transactions | | |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description | | reference | unit | |||
| security | | | securities | | |||
| 10p ordinary | SWAP | Increasing Short | 35,793 | 5.4513 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 71,630 | 5.4344 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,068 | 5.4345 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,158 | 5.4350 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,495 | 5.4376 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,900 | 5.4385 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,464 | 5.4420 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 35,600 | 5.4437 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,531 | 5.4438 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 39,181 | 5.4445 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 322 | 5.4449 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,136 | 5.4460 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,054 | 5.4482 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 296 | 5.4850 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 73,647 | 5.5108 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 34,098 | 5.4350 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,840 | 5.4352 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 80 | 5.4356 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,204 | 5.4400 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 301,107 | 5.4477 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,914 | 5.4579 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 500,000 | 5.4997 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 789 | 5.4350 GBP | |||
| 10p ordinary | CFD | Increasing Short | 906 | 5.4457 GBP | |||
| | | | | | | | |
| (c) | Stock-settled derivative transactions (including options) | | |||||
| (i) | Writing, selling, purchasing or varying | | |||||
| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price | | date | money |
| relevant | | selling, | securities | per unit | | | paid/ |
| security | | varying etc | to which | | | | received |
| | | | option | | | | per unit |
| | | | relates | | | | |
| | | | | | | | |
| | | | | | | | |
| (ii) | Exercising | | | | | | |
| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
| security | | | securities | unit | |||
| | | | | | |||
| | | | | | | | |
| (d) | Other dealings (including subscribing for new securities) | | |||||
| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security | | | applicable) | ||||
| | | | | ||||
| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements | | |||||
| Details of any indemnity or option arrangement, or any agreement or understanding, | | | |||||
| formal or informal, relating to relevant securities which may be an inducement to deal | | | |||||
| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party | | ||||||
| to the offer or any person acting in concert with a party to the offer: | | | | ||||
| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives | | |||||
| Details of any agreement, arrangement or understanding, formal or informal, between | | | |||||
| the person making the disclosure and any other person relating to: | | | |||||
| (i) the voting rights of any relevant securities under any option; or | | | | ||||
| (ii) the voting rights of future acquisition or disposal of any relevant securities to which | | | |||||
| any derivative is referenced: | | | | | | | |
| NONE | |||||||
| (c) | Attachments | | | | | | |
| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 18 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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