| 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: | 30 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: |
|
| 33,105,445 | 2.40% | 16,424,025 | 1.19% |
| (2) | Cash-settled derivatives: |
|
|
|
| ||
|
| and/or controlled: |
|
| 12,603,423 | 0.91% | 31,671,112 | 2.29% |
| (3) | Stock-settled derivatives (including options) |
|
|
|
| ||
|
| and agreements to purchase/sell: |
|
| 0 | 0.00% | 0 | 0.00% |
|
|
|
|
|
|
|
|
|
|
| TOTAL: |
|
| 45,708,868 | 3.31% | 48,095,137 | 3.48% |
| (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 | 309,347 | 5.4200 GBP | ||||
| 10p ordinary | Purchase | 43,230 | 5.3979 GBP | ||||
| 10p ordinary | Purchase | 30,128 | 5.4041 GBP | ||||
| 10p ordinary | Purchase | 29,766 | 5.4098 GBP | ||||
| 10p ordinary | Purchase | 27,242 | 5.4074 GBP | ||||
| 10p ordinary | Purchase | 22,152 | 5.3915 GBP | ||||
| 10p ordinary | Purchase | 16,406 | 5.3951 GBP | ||||
| 10p ordinary | Purchase | 11,812 | 5.3910 GBP | ||||
| 10p ordinary | Purchase | 5,627 | 5.3840 GBP | ||||
| 10p ordinary | Purchase | 5,198 | 5.3843 GBP | ||||
| 10p ordinary | Purchase | 4,542 | 5.3903 GBP | ||||
| 10p ordinary | Purchase | 4,448 | 5.3919 GBP | ||||
| 10p ordinary | Purchase | 4,288 | 5.3914 GBP | ||||
| 10p ordinary | Purchase | 3,828 | 5.4050 GBP | ||||
| 10p ordinary | Purchase | 3,384 | 5.3900 GBP | ||||
| 10p ordinary | Purchase | 2,881 | 5.3892 GBP | ||||
| 10p ordinary | Purchase | 2,644 | 5.3975 GBP | ||||
| 10p ordinary | Purchase | 2,581 | 5.3800 GBP | ||||
| 10p ordinary | Purchase | 2,222 | 5.3803 GBP | ||||
| 10p ordinary | Purchase | 2,149 | 5.3797 GBP | ||||
| 10p ordinary | Purchase | 1,981 | 5.3828 GBP | ||||
| 10p ordinary | Purchase | 1,853 | 5.3984 GBP | ||||
| 10p ordinary | Purchase | 1,797 | 5.3808 GBP | ||||
| 10p ordinary | Purchase | 1,734 | 5.3942 GBP | ||||
| 10p ordinary | Purchase | 1,515 | 5.3946 GBP | ||||
| 10p ordinary | Purchase | 1,101 | 5.3993 GBP | ||||
| 10p ordinary | Purchase | 845 | 5.3854 GBP | ||||
| 10p ordinary | Purchase | 718 | 5.3750 GBP | ||||
| 10p ordinary | Purchase | 572 | 5.3925 GBP | ||||
| 10p ordinary | Purchase | 504 | 5.4030 GBP | ||||
| 10p ordinary | Purchase | 125 | 5.4100 GBP | ||||
| 10p ordinary | Sale | 136,635 | 5.4193 GBP | ||||
| 10p ordinary | Sale | 85,184 | 5.4200 GBP | ||||
| 10p ordinary | Sale | 27,436 | 5.3889 GBP | ||||
| 10p ordinary | Sale | 23,752 | 5.3887 GBP | ||||
| 10p ordinary | Sale | 3,170 | 5.4093 GBP | ||||
| 10p ordinary | Sale | 2,366 | 5.3838 GBP | ||||
| 10p ordinary | Sale | 2,130 | 5.4090 GBP | ||||
| 10p ordinary | Sale | 2,103 | 5.3807 GBP | ||||
| 10p ordinary | Sale | 2,012 | 5.4031 GBP | ||||
| 10p ordinary | Sale | 1,150 | 5.3843 GBP | ||||
| 10p ordinary | Sale | 1,110 | 5.4000 GBP | ||||
| 10p ordinary | Sale | 754 | 5.3907 GBP | ||||
| 10p ordinary | Sale | 568 | 5.3700 GBP | ||||
| 10p ordinary | Sale | 504 | 5.3950 GBP | ||||
| 10p ordinary | Sale | 355 | 5.4199 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 | 40,201 | 5.3925 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,366 | 5.3838 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 23,752 | 5.3887 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,075 | 5.4000 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,512 | 5.4073 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,170 | 5.4093 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 46,147 | 5.4182 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 587 | 5.4197 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 355 | 5.4199 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 64,174 | 5.4200 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 718 | 5.3750 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 845 | 5.3854 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,160 | 5.3900 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 22,152 | 5.3915 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,280 | 5.3948 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 23,253 | 5.3986 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 30,128 | 5.4041 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 27,242 | 5.4074 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,461 | 5.4083 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,385 | 5.4120 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 175 | 5.4150 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,433 | 5.4192 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 268,577 | 5.4200 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,456 | 5.4202 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 62,511 | 5.4200 GBP | |||
| 10p ordinary | CFD | Increasing Short | 16,998 | 5.3931 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,599 | 5.4200 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: | 31 Dec 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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.
