TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0008220112
Issuer Name
DS SMITH PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights
3. Details of person subject to the notification obligation
Name
JPMorgan Chase & Co.
City of registered office (if applicable)
Country of registered office (if applicable)
US
4. Details of the shareholder
| Name | City of registered office | Country of registered office |
| J.P. Morgan Securities plc | | |
5. Date on which the threshold was crossed or reached
13-Dec-2024
6. Date on which Issuer notified
17-Dec-2024
7. Total positions of person(s) subject to the notification obligation
| % of voting rights attached to shares (total of 8.A) | % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) | Total of both in % (8.A + 8.B) | Total number of voting rights held in issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 4.033503 | 5.310530 | 9.344033 | 128995983 |
| Position of previous notification (if applicable) | 3.836829 | 5.244279 | 9.081108 | |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) | Number of direct voting rights (DTR5.1) | Number of indirect voting rights (DTR5.2.1) | % of direct voting rights (DTR5.1) | % of indirect voting rights (DTR5.2.1) |
| GB0008220112 | | 55682913 | | 4.033503 |
| Sub Total 8.A | 55682913 | 4.033503% | ||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument | Expiration date | Exercise/conversion period | Number of voting rights that may be acquired if the instrument is exercised/converted | % of voting rights |
|
| | | | |
| Sub Total 8.B1 | | | | |
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument | Expiration date | Exercise/conversion period | Physical or cash settlement | Number of voting rights | % of voting rights |
| Cash-settled Equity Swap | 10/02/2025 | 10/02/2025 | Cash | 1103914 | 0.079951 |
| Cash-settled Equity Swap | 08/05/2025 | 08/05/2025 | Cash | 12821765 | 0.928773 |
| Cash-settled Equity Swap | 14/05/2025 | 14/05/2025 | Cash | 11165716 | 0.808813 |
| Cash-settled Equity Swap | 11/06/2025 | 11/06/2025 | Cash | 3276518 | 0.237342 |
| Cash-settled Equity Swap | 17/06/2025 | 17/06/2025 | Cash | 17997765 | 1.303708 |
| Cash-settled Equity Swap | 27/06/2025 | 27/06/2025 | Cash | 2448 | 0.000174 |
| Cash-settled Equity Swap | 30/06/2025 | 30/06/2025 | Cash | 1200000 | 0.086924 |
| Cash-settled Equity Swap | 20/08/2025 | 20/08/2025 | Cash | 4757224 | 0.344600 |
| Cash-settled Equity Swap | 26/08/2025 | 26/08/2025 | Cash | 9073 | 0.000657 |
| Cash-settled Equity Swap | 27/08/2025 | 27/08/2025 | Cash | 47585 | 0.003445 |
| Cash-settled Equity Swap | 02/09/2025 | 02/09/2025 | Cash | 49158 | 0.003557 |
| Cash-settled Equity Swap | 18/09/2025 | 18/09/2025 | Cash | 2609475 | 0.189023 |
| Cash-settled Equity Swap | 24/09/2025 | 24/09/2025 | Cash | 3500000 | 0.253530 |
| Cash-settled Equity Swap | 02/10/2025 | 02/10/2025 | Cash | 218701 | 0.015841 |
| Cash-settled Equity Swap | 08/10/2025 | 08/10/2025 | Cash | 11998510 | 0.869139 |
| Cash-settled Equity Swap | 05/11/2025 | 05/11/2025 | Cash | 6000 | 0.000434 |
| Cash-settled Equity Swap | 19/11/2025 | 19/11/2025 | Cash | 28090 | 0.002030 |
| Cash-settled Equity Swap | 24/11/2025 | 24/11/2025 | Cash | 1492272 | 0.108085 |
| Cash-settled Equity Swap | 02/12/2025 | 02/12/2025 | Cash | 958988 | 0.069448 |
| Cash-settled Equity Swap | 17/12/2025 | 17/12/2025 | Cash | 2013 | 0.000144 |
| Cash-settled Equity Swap | 31/12/2025 | 31/12/2025 | Cash | 28722 | 0.002079 |
| Cash-settled Equity Swap | 30/01/2026 | 30/01/2026 | Cash | 2131 | 0.000154 |
| Cash-settled Equity Swap | 29/07/2026 | 29/07/2026 | Cash | 37002 | 0.002679 |
| Sub Total 8.B2 | | 73313070 | 5.310530% | ||
9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
| Ultimate controlling person | Name of controlled undertaking | % of voting rights if it equals or is higher than the notifiable threshold | % of voting rights through financial instruments if it equals or is higher than the notifiable threshold | Total of both if it equals or is higher than the notifiable threshold |
| JPMorgan Chase & Co. | J.P. Morgan Securities plc | 4.033103 | 5.310530 | 9.343633% |
| JPMorgan Chase & Co. | J.P. Morgan Securities LLC | | | |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Chain of controlled undertakings:
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan Capital Holdings Limited (100%)
J.P. Morgan Securities plc (100%)
JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC (100%)
J.P. Morgan Broker-Dealer Holdings Inc. (100%)
J.P. Morgan Securities LLC (100%)
12. Date of Completion
17-Dec-2024
13. Place Of Completion
London
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