20241220_DS SMITH PLC_8.5 EPT RI_UK_MLI

23 December 2024, 10:56

Source - LSE Regulatory

RNS Number : 1387R

Bank of America Merrill Lynch

23 December 2024

FORM 8.5 (EPT/RI)

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the "Code")

1.	KEY INFORMATION

(a)	Name of exempt principal trader:

Merrill Lynch International

(b)	Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree

DS SMITH PLC

(c)	Name of the party to the offer with which exempt principal trader is connected:

INTERNATIONAL PAPER CO

(d)	Date dealing undertaken:

20/12/2024

(e)	In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer? If it is a cash offer or possible cash offer, state "N/A"

YES

If YES, specify which:

(INTERNATIONAL PAPER CO)

2.	DEALINGS BY THE EXEMPT PRINCIPAL TRADER

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class
of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)	Purchases and sales

Class of relevant security	Purchases/ sales	Total number of securities	Highest price per unit paid/received	Lowest price per unit paid/received
10p ordinary	Purchase	739,959	5.435 GBP	5.32 GBP
10p ordinary	Sale	160,178	5.435 GBP	5.33 GBP

(b)	Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	559	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	355	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	584	5.367 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	262	5.385 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,029	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,066	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,412	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	383	5.377 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2	5.401 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	356	5.367 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,755	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,606	5.38 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	398	5.395 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	317	5.389 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	6,993	5.38 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	73	5.389 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	93	5.395 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,632	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	912	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	190	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Long Position	125	5.405 GBP
10p ordinary	Swaps - Equity Swaps	Opening a Long Position	125	5.41 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	69,194	5.364 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	6,567	5.4 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Long Position	3,600	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	50	5.38 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	225	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	65	5.395 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	793	5.38 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,776	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	625	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	250	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	686	5.38 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	234	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	945	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	168	5.377 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	128	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	33	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	5	5.401 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	84	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	154	5.368 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,604	5.38 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	988	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	16	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,139	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	54	5.395 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	44	5.389 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,224	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	110	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,933	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	217	5.395 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,443	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	265	5.385 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,725	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	188	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,141	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	157	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,446	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	655	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	550	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	430	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	856	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,251	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	144	5.359 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	142	5.38 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	131	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	490	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	165	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	411	5.38 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	284	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	4	5.401 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	122	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	87	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	325	5.367 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	23	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	651	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	170	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	49	5.395 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	429	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	245	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	127	5.389 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,358	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,028	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2,103	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	340	5.368 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,582	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	358	5.359 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	26	5.359 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	423	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	914	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	1,281	5.367 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	552	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	278	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	114	5.395 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	230	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	107	5.385 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	2	5.401 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	39	5.359 GBP
10p ordinary	Swaps - Equity Swaps	Closing a Short Position	72	5.368 GBP
10p ordinary	Swaps - Equity Swaps	Increasing a Short Position	535,502	5.4 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Long Position	2,299	5.373 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Long Position	200	5.373 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Long Position	6,433	5.368 GBP
10p ordinary	Swaps - Equity Swaps	Opening a Short Position	9,866	5.368 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	3,349	5.366 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	10,344	5.381 GBP
10p ordinary	Swaps - Equity Swaps	Opening a Short Position	21,834	5.359 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	412	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	558	5.387 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	235	5.359 GBP
10p ordinary	Swaps - Equity Swaps	Reducing a Short Position	461	5.377 GBP

(c)	Stock-settled derivative transactions (including options)

(i)	Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise Price per unit
N/A	N/A	N/A	N/A	N/A

(d)	Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
N/A	N/A	N/A	N/A

3.	OTHER INFORMATION

(a)	Indemnity and other dealing 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:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

None

(b)	Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader 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 or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state "none"

None

Date of disclosure:	23/12/2024
Contact name:	Frank Lui
Telephone number:	+44207 996 6418

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information
Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's
dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

FERPPGAAPUPCGUW

Related Charts

Smith (Ds) PLC (SMDS)

Most Read

Market Overview

UK 350 Risers and Fallers

20241220_DS SMITH PLC_8.5 EPT RI_UK_MLI

Related Charts

Smith (Ds) PLC (SMDS)

Most Read

Receive our daily news email

Subscribe to the latest investing news by entering your email address below

For five days a week you will get

Plus more useful investment content and occasional promotional offers.

Market Overview

UK 350 Risers and Fallers

Receive our
daily news email