| 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: | 02 Jan 2025 | |||||
| (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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| 33,133,792 | 2.40% | 16,404,020 | 1.19% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,602,889 | 0.91% | 31,658,031 | 2.29% |
| (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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| 45,736,681 | 3.31% | 48,062,051 | 3.48% |
| (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 |
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| 10p ordinary | Purchase | 406,928 | 5.4800 GBP | ||||
| 10p ordinary | Purchase | 68,044 | 5.4737 GBP | ||||
| 10p ordinary | Purchase | 51,783 | 5.4776 GBP | ||||
| 10p ordinary | Purchase | 45,572 | 5.4686 GBP | ||||
| 10p ordinary | Purchase | 26,441 | 5.4663 GBP | ||||
| 10p ordinary | Purchase | 26,302 | 5.4658 GBP | ||||
| 10p ordinary | Purchase | 17,324 | 5.4641 GBP | ||||
| 10p ordinary | Purchase | 16,307 | 5.4599 GBP | ||||
| 10p ordinary | Purchase | 10,079 | 5.4777 GBP | ||||
| 10p ordinary | Purchase | 8,386 | 5.4688 GBP | ||||
| 10p ordinary | Purchase | 7,144 | 5.4741 GBP | ||||
| 10p ordinary | Purchase | 7,126 | 5.4541 GBP | ||||
| 10p ordinary | Purchase | 6,815 | 5.4598 GBP | ||||
| 10p ordinary | Purchase | 5,429 | 5.4744 GBP | ||||
| 10p ordinary | Purchase | 5,036 | 5.4479 GBP | ||||
| 10p ordinary | Purchase | 4,155 | 5.4611 GBP | ||||
| 10p ordinary | Purchase | 4,093 | 5.4705 GBP | ||||
| 10p ordinary | Purchase | 3,631 | 5.4640 GBP | ||||
| 10p ordinary | Purchase | 3,628 | 5.4431 GBP | ||||
| 10p ordinary | Purchase | 3,012 | 5.4450 GBP | ||||
| 10p ordinary | Purchase | 2,858 | 5.4335 GBP | ||||
| 10p ordinary | Purchase | 2,228 | 5.5008 GBP | ||||
| 10p ordinary | Purchase | 2,221 | 5.4751 GBP | ||||
| 10p ordinary | Purchase | 2,128 | 5.4366 GBP | ||||
| 10p ordinary | Purchase | 1,938 | 5.4250 GBP | ||||
| 10p ordinary | Purchase | 1,906 | 5.4900 GBP | ||||
| 10p ordinary | Purchase | 1,800 | 5.4321 GBP | ||||
| 10p ordinary | Purchase | 1,581 | 5.4550 GBP | ||||
| 10p ordinary | Purchase | 1,210 | 5.4725 GBP | ||||
| 10p ordinary | Purchase | 1,199 | 5.4950 GBP | ||||
| 10p ordinary | Purchase | 1,172 | 5.4300 GBP | ||||
| 10p ordinary | Purchase | 738 | 5.4633 GBP | ||||
| 10p ordinary | Purchase | 720 | 5.4850 GBP | ||||
| 10p ordinary | Purchase | 597 | 5.4500 GBP | ||||
| 10p ordinary | Purchase | 366 | 5.4814 GBP | ||||
| 10p ordinary | Purchase | 347 | 5.4150 GBP | ||||
| 10p ordinary | Purchase | 150 | 5.4650 GBP | ||||
| 10p ordinary | Purchase | 33 | 5.4200 GBP | ||||
| 10p ordinary | Sale | 159,745 | 5.4803 GBP | ||||
| 10p ordinary | Sale | 132,631 | 5.4800 GBP | ||||
| 10p ordinary | Sale | 43,432 | 5.4695 GBP | ||||
| 10p ordinary | Sale | 29,987 | 5.4720 GBP | ||||
| 10p ordinary | Sale | 18,400 | 5.4461 GBP | ||||
| 10p ordinary | Sale | 16,500 | 5.4763 GBP | ||||
| 10p ordinary | Sale | 14,336 | 5.4667 GBP | ||||
| 10p ordinary | Sale | 12,251 | 5.4692 GBP | ||||
| 10p ordinary | Sale | 8,243 | 5.4671 GBP | ||||
| 10p ordinary | Sale | 7,864 | 5.4504 GBP | ||||
| 10p ordinary | Sale | 4,050 | 5.4600 GBP | ||||
| 10p ordinary | Sale | 3,926 | 5.4565 GBP | ||||
| 10p ordinary | Sale | 3,249 | 5.4683 GBP | ||||
| 10p ordinary | Sale | 3,118 | 5.4445 GBP | ||||
| 10p ordinary | Sale | 2,841 | 5.4450 GBP | ||||
| 10p ordinary | Sale | 2,335 | 5.4982 GBP | ||||
| 10p ordinary | Sale | 1,938 | 5.4250 GBP | ||||
| 10p ordinary | Sale | 1,902 | 5.4178 GBP | ||||
| 10p ordinary | Sale | 1,581 | 5.4550 GBP | ||||
| 10p ordinary | Sale | 1,500 | 5.4610 GBP | ||||
| 10p ordinary | Sale | 1,199 | 5.4950 GBP | ||||
| 10p ordinary | Sale | 1,172 | 5.4300 GBP | ||||
| 10p ordinary | Sale | 973 | 5.4227 GBP | ||||
| 10p ordinary | Sale | 720 | 5.4850 GBP | ||||
| 10p ordinary | Sale | 554 | 5.4349 GBP | ||||
| 10p ordinary | Sale | 483 | 5.4900 GBP | ||||
| 10p ordinary | Sale | 377 | 5.4100 GBP | ||||
| 10p ordinary | Sale | 347 | 5.4150 GBP | ||||
| 10p ordinary | Sale | 33 | 5.4200 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 |
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| securities |
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| 10p ordinary | SWAP | Increasing Short | 67,749 | 5.4708 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 554 | 5.4349 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,841 | 5.4450 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,864 | 5.4504 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,251 | 5.4692 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 43,432 | 5.4695 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 29,987 | 5.4719 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,500 | 5.4763 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 57,470 | 5.4774 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,020 | 5.4785 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 120,760 | 5.4800 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,153 | 5.4807 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,344 | 5.4836 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,390 | 5.4150 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,858 | 5.4335 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,036 | 5.4479 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 16,191 | 5.4643 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 26,441 | 5.4663 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 14,108 | 5.4675 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 62,084 | 5.4769 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 353,382 | 5.4800 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,654 | 5.4802 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 35,519 | 5.4800 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1 | 5.4200 GBP | |||
| 10p ordinary | CFD | Increasing Short | 7,581 | 5.4464 GBP | |||
| 10p ordinary | CFD | Increasing Short | 7,683 | 5.4800 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/ |
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| 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 | ||||
| security |
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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: | 03 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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