| 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: | 07 Jan 2025 | |||||
| (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: | | | 32,359,905 | 2.34% | 16,459,374 | 1.19% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,809,944 | 0.93% | 30,928,101 | 2.24% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 45,169,849 | 3.27% | 47,387,475 | 3.43% |
| (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 | 399,065 | 5.4288 GBP | ||||
| 10p ordinary | Purchase | 151,676 | 5.4300 GBP | ||||
| 10p ordinary | Purchase | 133,226 | 5.4117 GBP | ||||
| 10p ordinary | Purchase | 88,962 | 5.4277 GBP | ||||
| 10p ordinary | Purchase | 78,613 | 5.4251 GBP | ||||
| 10p ordinary | Purchase | 61,391 | 5.4227 GBP | ||||
| 10p ordinary | Purchase | 28,654 | 5.4228 GBP | ||||
| 10p ordinary | Purchase | 21,324 | 5.4147 GBP | ||||
| 10p ordinary | Purchase | 17,093 | 5.4234 GBP | ||||
| 10p ordinary | Purchase | 11,946 | 5.4193 GBP | ||||
| 10p ordinary | Purchase | 9,510 | 5.4028 GBP | ||||
| 10p ordinary | Purchase | 9,000 | 5.3793 GBP | ||||
| 10p ordinary | Purchase | 8,928 | 5.4052 GBP | ||||
| 10p ordinary | Purchase | 8,378 | 5.4208 GBP | ||||
| 10p ordinary | Purchase | 7,610 | 5.4050 GBP | ||||
| 10p ordinary | Purchase | 7,462 | 5.4194 GBP | ||||
| 10p ordinary | Purchase | 7,442 | 5.4303 GBP | ||||
| 10p ordinary | Purchase | 6,434 | 5.4085 GBP | ||||
| 10p ordinary | Purchase | 6,305 | 5.4115 GBP | ||||
| 10p ordinary | Purchase | 5,056 | 5.4114 GBP | ||||
| 10p ordinary | Purchase | 4,848 | 5.3900 GBP | ||||
| 10p ordinary | Purchase | 4,266 | 5.4100 GBP | ||||
| 10p ordinary | Purchase | 4,139 | 5.4049 GBP | ||||
| 10p ordinary | Purchase | 4,078 | 5.4264 GBP | ||||
| 10p ordinary | Purchase | 3,536 | 5.3966 GBP | ||||
| 10p ordinary | Purchase | 3,080 | 5.3873 GBP | ||||
| 10p ordinary | Purchase | 2,850 | 5.4260 GBP | ||||
| 10p ordinary | Purchase | 2,783 | 5.4433 GBP | ||||
| 10p ordinary | Purchase | 2,757 | 5.4150 GBP | ||||
| 10p ordinary | Purchase | 2,343 | 5.4092 GBP | ||||
| 10p ordinary | Purchase | 2,318 | 5.4069 GBP | ||||
| 10p ordinary | Purchase | 2,213 | 5.4009 GBP | ||||
| 10p ordinary | Purchase | 2,137 | 5.4109 GBP | ||||
| 10p ordinary | Purchase | 1,998 | 5.4000 GBP | ||||
| 10p ordinary | Purchase | 1,703 | 5.4075 GBP | ||||
| 10p ordinary | Purchase | 1,571 | 5.3950 GBP | ||||
| 10p ordinary | Purchase | 1,541 | 5.4550 GBP | ||||
| 10p ordinary | Purchase | 1,443 | 5.4250 GBP | ||||
| 10p ordinary | Purchase | 1,400 | 5.4400 GBP | ||||
| 10p ordinary | Purchase | 1,287 | 5.4200 GBP | ||||
| 10p ordinary | Purchase | 1,159 | 5.4235 GBP | ||||
| 10p ordinary | Purchase | 1,135 | 5.4544 GBP | ||||
| 10p ordinary | Purchase | 1,091 | 5.3775 GBP | ||||
| 10p ordinary | Purchase | 1,006 | 5.3975 GBP | ||||
| 10p ordinary | Purchase | 974 | 5.4500 GBP | ||||
| 10p ordinary | Purchase | 895 | 5.3800 GBP | ||||
| 10p ordinary | Purchase | 724 | 5.4450 GBP | ||||
| 10p ordinary | Purchase | 623 | 5.3550 GBP | ||||
| 10p ordinary | Purchase | 593 | 5.3850 GBP | ||||
| 10p ordinary | Purchase | 376 | 5.4375 GBP | ||||
| 10p ordinary | Sale | 328,894 | 5.4261 GBP | ||||
| 10p ordinary | Sale | 243,724 | 5.4300 GBP | ||||
| 10p ordinary | Sale | 171,511 | 5.4311 GBP | ||||
| 10p ordinary | Sale | 155,184 | 5.4293 GBP | ||||
| 10p ordinary | Sale | 142,106 | 5.4129 GBP | ||||
| 10p ordinary | Sale | 105,349 | 5.4177 GBP | ||||
| 10p ordinary | Sale | 63,418 | 5.4100 GBP | ||||
| 10p ordinary | Sale | 45,351 | 5.4188 GBP | ||||
| 10p ordinary | Sale | 43,847 | 5.4416 GBP | ||||
| 10p ordinary | Sale | 42,458 | 5.4170 GBP | ||||
| 10p ordinary | Sale | 31,924 | 5.4136 GBP | ||||
| 10p ordinary | Sale | 31,179 | 5.4141 GBP | ||||
| 10p ordinary | Sale | 29,875 | 5.4000 GBP | ||||
| 10p ordinary | Sale | 27,877 | 5.3551 GBP | ||||
| 10p ordinary | Sale | 26,374 | 5.4131 GBP | ||||
| 10p ordinary | Sale | 20,257 | 5.4117 GBP | ||||
| 10p ordinary | Sale | 19,114 | 5.4344 GBP | ||||
| 10p ordinary | Sale | 18,214 | 5.4462 GBP | ||||
| 10p ordinary | Sale | 16,260 | 5.4304 GBP | ||||
| 10p ordinary | Sale | 15,220 | 5.4444 GBP | ||||
| 10p ordinary | Sale | 15,109 | 5.4060 GBP | ||||
| 10p ordinary | Sale | 13,667 | 5.4063 GBP | ||||
| 10p ordinary | Sale | 10,304 | 5.4500 GBP | ||||
| 10p ordinary | Sale | 9,076 | 5.3801 GBP | ||||
| 10p ordinary | Sale | 8,634 | 5.4009 GBP | ||||
| 10p ordinary | Sale | 8,145 | 5.4149 GBP | ||||
| 10p ordinary | Sale | 7,808 | 5.4050 GBP | ||||
| 10p ordinary | Sale | 5,250 | 5.4262 GBP | ||||
| 10p ordinary | Sale | 4,848 | 5.3900 GBP | ||||
| 10p ordinary | Sale | 4,748 | 5.4128 GBP | ||||
| 10p ordinary | Sale | 4,239 | 5.4143 GBP | ||||
| 10p ordinary | Sale | 3,845 | 5.3859 GBP | ||||
| 10p ordinary | Sale | 3,733 | 5.4263 GBP | ||||
| 10p ordinary | Sale | 2,916 | 5.3927 GBP | ||||
| 10p ordinary | Sale | 2,757 | 5.4150 GBP | ||||
| 10p ordinary | Sale | 2,708 | 5.3977 GBP | ||||
| 10p ordinary | Sale | 2,470 | 5.4309 GBP | ||||
| 10p ordinary | Sale | 2,329 | 5.4450 GBP | ||||
| 10p ordinary | Sale | 1,951 | 5.4021 GBP | ||||
| 10p ordinary | Sale | 1,907 | 5.4303 GBP | ||||
| 10p ordinary | Sale | 1,682 | 5.4190 GBP | ||||
| 10p ordinary | Sale | 1,675 | 5.4001 GBP | ||||
| 10p ordinary | Sale | 1,571 | 5.3950 GBP | ||||
| 10p ordinary | Sale | 1,541 | 5.4550 GBP | ||||
| 10p ordinary | Sale | 1,443 | 5.4250 GBP | ||||
| 10p ordinary | Sale | 1,400 | 5.4400 GBP | ||||
| 10p ordinary | Sale | 1,219 | 5.4104 GBP | ||||
| 10p ordinary | Sale | 1,116 | 5.3875 GBP | ||||
| 10p ordinary | Sale | 1,091 | 5.3775 GBP | ||||
| 10p ordinary | Sale | 728 | 5.4075 GBP | ||||
| 10p ordinary | Sale | 623 | 5.3550 GBP | ||||
| 10p ordinary | Sale | 593 | 5.3850 GBP | ||||
| 10p ordinary | Sale | 479 | 5.4114 GBP | ||||
| 10p ordinary | Sale | 111 | 5.4091 GBP | ||||
| 10p ordinary | Sale | 95 | 5.3800 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 | 54,876 | 5.4155 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 945 | 5.3550 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,091 | 5.3775 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,708 | 5.3977 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,520 | 5.4025 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,667 | 5.4063 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 111 | 5.4091 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 479 | 5.4114 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 113,328 | 5.4129 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,384 | 5.4138 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15,726 | 5.4140 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 31,179 | 5.4141 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,239 | 5.4143 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,027 | 5.4147 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 107,227 | 5.4172 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 91,947 | 5.4185 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 44,611 | 5.4188 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 49,026 | 5.4208 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,937 | 5.4297 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 282,379 | 5.4300 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 19,114 | 5.4344 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,080 | 5.3873 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 519 | 5.4079 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,343 | 5.4092 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,304 | 5.4111 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 14,603 | 5.4207 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 61,391 | 5.4227 USD | |||
| 10p ordinary | SWAP | Increasing Short | 2,850 | 5.4260 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,128 | 5.4291 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 38,911 | 5.4300 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 4,820 | 5.4219 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 423 | 5.4300 GBP | |||
| 10p ordinary | CFD | Increasing Short | 100,000 | 5.4079 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: | 08 Jan 2025 | ||||||
| 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.
