| 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: | 27 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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| 33,131,635 | 2.40% | 16,707,606 | 1.21% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,888,857 | 0.93% | 31,694,132 | 2.30% |
| (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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| 46,020,492 | 3.33% | 48,401,738 | 3.51% |
| (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 | 340,911 | 5.4274 GBP | ||||
| 10p ordinary | Purchase | 165,489 | 5.4250 GBP | ||||
| 10p ordinary | Purchase | 89,860 | 5.4856 GBP | ||||
| 10p ordinary | Purchase | 43,447 | 5.4942 GBP | ||||
| 10p ordinary | Purchase | 30,214 | 5.4578 GBP | ||||
| 10p ordinary | Purchase | 28,918 | 5.4673 GBP | ||||
| 10p ordinary | Purchase | 17,170 | 5.4854 GBP | ||||
| 10p ordinary | Purchase | 15,201 | 5.4835 GBP | ||||
| 10p ordinary | Purchase | 15,013 | 5.4859 GBP | ||||
| 10p ordinary | Purchase | 13,406 | 5.4721 GBP | ||||
| 10p ordinary | Purchase | 13,350 | 5.4917 GBP | ||||
| 10p ordinary | Purchase | 13,038 | 5.4959 GBP | ||||
| 10p ordinary | Purchase | 11,575 | 5.4986 GBP | ||||
| 10p ordinary | Purchase | 10,175 | 5.4886 GBP | ||||
| 10p ordinary | Purchase | 6,930 | 5.4904 GBP | ||||
| 10p ordinary | Purchase | 6,057 | 5.5158 GBP | ||||
| 10p ordinary | Purchase | 4,989 | 5.4700 GBP | ||||
| 10p ordinary | Purchase | 4,889 | 5.4880 GBP | ||||
| 10p ordinary | Purchase | 4,518 | 5.4397 GBP | ||||
| 10p ordinary | Purchase | 4,188 | 5.4750 GBP | ||||
| 10p ordinary | Purchase | 3,722 | 5.5062 GBP | ||||
| 10p ordinary | Purchase | 3,488 | 5.4981 GBP | ||||
| 10p ordinary | Purchase | 2,982 | 5.4950 GBP | ||||
| 10p ordinary | Purchase | 2,648 | 5.4922 GBP | ||||
| 10p ordinary | Purchase | 2,448 | 5.5121 GBP | ||||
| 10p ordinary | Purchase | 2,291 | 5.4845 GBP | ||||
| 10p ordinary | Purchase | 1,981 | 5.4475 GBP | ||||
| 10p ordinary | Purchase | 1,861 | 5.4500 GBP | ||||
| 10p ordinary | Purchase | 1,780 | 5.5400 GBP | ||||
| 10p ordinary | Purchase | 1,744 | 5.4550 GBP | ||||
| 10p ordinary | Purchase | 1,679 | 5.4807 GBP | ||||
| 10p ordinary | Purchase | 1,643 | 5.5030 GBP | ||||
| 10p ordinary | Purchase | 1,578 | 5.5050 GBP | ||||
| 10p ordinary | Purchase | 1,401 | 5.4504 GBP | ||||
| 10p ordinary | Purchase | 1,241 | 5.5000 GBP | ||||
| 10p ordinary | Purchase | 1,176 | 5.5300 GBP | ||||
| 10p ordinary | Purchase | 1,171 | 5.4850 GBP | ||||
| 10p ordinary | Purchase | 1,068 | 5.5450 GBP | ||||
| 10p ordinary | Purchase | 947 | 5.4900 GBP | ||||
| 10p ordinary | Purchase | 612 | 5.5169 GBP | ||||
| 10p ordinary | Purchase | 603 | 5.4100 GBP | ||||
| 10p ordinary | Purchase | 586 | 5.4800 GBP | ||||
| 10p ordinary | Purchase | 524 | 5.4725 GBP | ||||
| 10p ordinary | Purchase | 374 | 5.5350 GBP | ||||
| 10p ordinary | Sale | 424,283 | 5.4250 GBP | ||||
| 10p ordinary | Sale | 199,841 | 5.4842 GBP | ||||
| 10p ordinary | Sale | 72,433 | 5.4331 GBP | ||||
| 10p ordinary | Sale | 69,268 | 5.4859 GBP | ||||
| 10p ordinary | Sale | 30,776 | 5.4744 GBP | ||||
| 10p ordinary | Sale | 23,020 | 5.4747 GBP | ||||
| 10p ordinary | Sale | 17,956 | 5.4752 GBP | ||||
| 10p ordinary | Sale | 16,316 | 5.4992 GBP | ||||
| 10p ordinary | Sale | 15,524 | 5.4778 GBP | ||||
| 10p ordinary | Sale | 15,248 | 5.4775 GBP | ||||
| 10p ordinary | Sale | 13,708 | 5.4849 GBP | ||||
| 10p ordinary | Sale | 12,477 | 5.4931 GBP | ||||
| 10p ordinary | Sale | 11,575 | 5.4991 GBP | ||||
| 10p ordinary | Sale | 7,004 | 5.4906 GBP | ||||
| 10p ordinary | Sale | 6,393 | 5.4722 GBP | ||||
| 10p ordinary | Sale | 6,057 | 5.5164 GBP | ||||
| 10p ordinary | Sale | 5,748 | 5.4942 GBP | ||||
| 10p ordinary | Sale | 5,614 | 5.4700 GBP | ||||
| 10p ordinary | Sale | 5,477 | 5.5058 GBP | ||||
| 10p ordinary | Sale | 4,188 | 5.4750 GBP | ||||
| 10p ordinary | Sale | 3,529 | 5.4950 GBP | ||||
| 10p ordinary | Sale | 3,409 | 5.5157 GBP | ||||
| 10p ordinary | Sale | 3,234 | 5.4707 GBP | ||||
| 10p ordinary | Sale | 3,011 | 5.5062 GBP | ||||
| 10p ordinary | Sale | 2,291 | 5.4851 GBP | ||||
| 10p ordinary | Sale | 1,861 | 5.4500 GBP | ||||
| 10p ordinary | Sale | 1,780 | 5.5400 GBP | ||||
| 10p ordinary | Sale | 1,744 | 5.4550 GBP | ||||
| 10p ordinary | Sale | 1,644 | 5.4531 GBP | ||||
| 10p ordinary | Sale | 1,611 | 5.4772 GBP | ||||
| 10p ordinary | Sale | 1,578 | 5.5055 GBP | ||||
| 10p ordinary | Sale | 1,553 | 5.4913 GBP | ||||
| 10p ordinary | Sale | 1,459 | 5.4150 GBP | ||||
| 10p ordinary | Sale | 1,402 | 5.4927 GBP | ||||
| 10p ordinary | Sale | 1,241 | 5.5000 GBP | ||||
| 10p ordinary | Sale | 1,171 | 5.4850 GBP | ||||
| 10p ordinary | Sale | 1,105 | 5.5123 GBP | ||||
| 10p ordinary | Sale | 1,068 | 5.5450 GBP | ||||
| 10p ordinary | Sale | 1,018 | 5.5208 GBP | ||||
| 10p ordinary | Sale | 918 | 5.4100 GBP | ||||
| 10p ordinary | Sale | 885 | 5.5300 GBP | ||||
| 10p ordinary | Sale | 755 | 5.4499 GBP | ||||
| 10p ordinary | Sale | 586 | 5.4800 GBP | ||||
| 10p ordinary | Sale | 582 | 5.4900 GBP | ||||
| 10p ordinary | Sale | 530 | 5.4450 GBP | ||||
| 10p ordinary | Sale | 433 | 5.5005 GBP | ||||
| 10p ordinary | Sale | 388 | 5.5175 GBP | ||||
| 10p ordinary | Sale | 126 | 5.5050 GBP | ||||
| 10p ordinary | Sale | 112 | 5.5150 GBP | ||||
| 10p ordinary | Sale | 21 | 5.5350 GBP | ||||
| 10p ordinary | Sale | 1 | 5.4756 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 | 39,639 | 5.4898 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 264,076 | 5.4250 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,129 | 5.4300 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 11,225 | 5.4485 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 755 | 5.4499 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 24,534 | 5.4532 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,117 | 5.4700 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,187 | 5.4737 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 17,956 | 5.4752 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,380 | 5.4770 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 69,268 | 5.4859 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,316 | 5.4992 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,018 | 5.5208 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 96,432 | 5.4250 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 45,004 | 5.4259 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,365 | 5.4432 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 945 | 5.4478 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,401 | 5.4504 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 30,214 | 5.4578 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,643 | 5.5030 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,722 | 5.5062 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1,516 | 5.4250 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 13 | 5.4253 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,940 | 5.4700 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 400 | 5.5150 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,148 | 5.5245 GBP | |||
| 10p ordinary | CFD | Increasing Short | 98,368 | 5.4250 GBP | |||
| 10p ordinary | CFD | Increasing Short | 13 | 5.4253 GBP | |||
| 10p ordinary | CFD | Increasing Short | 400 | 5.5150 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: | 30 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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