| 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: | 09 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: | | | 32,265,859 | 2.34% | 17,776,136 | 1.29% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,846,747 | 0.93% | 30,842,170 | 2.23% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 45,112,606 | 3.27% | 48,618,306 | 3.52% |
| (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 | 126,500 | 5.6708 GBP | ||||
| 10p ordinary | Purchase | 78,339 | 5.6990 GBP | ||||
| 10p ordinary | Purchase | 72,259 | 5.6731 GBP | ||||
| 10p ordinary | Purchase | 43,524 | 5.6750 GBP | ||||
| 10p ordinary | Purchase | 41,555 | 5.6474 GBP | ||||
| 10p ordinary | Purchase | 23,945 | 5.6206 GBP | ||||
| 10p ordinary | Purchase | 17,608 | 5.6600 GBP | ||||
| 10p ordinary | Purchase | 15,223 | 5.6584 GBP | ||||
| 10p ordinary | Purchase | 15,055 | 5.6512 GBP | ||||
| 10p ordinary | Purchase | 13,455 | 5.6446 GBP | ||||
| 10p ordinary | Purchase | 10,511 | 5.6619 GBP | ||||
| 10p ordinary | Purchase | 9,560 | 5.6813 GBP | ||||
| 10p ordinary | Purchase | 5,715 | 5.6755 GBP | ||||
| 10p ordinary | Purchase | 4,851 | 5.6618 GBP | ||||
| 10p ordinary | Purchase | 4,656 | 5.6537 GBP | ||||
| 10p ordinary | Purchase | 4,459 | 5.6829 GBP | ||||
| 10p ordinary | Purchase | 4,075 | 5.6711 GBP | ||||
| 10p ordinary | Purchase | 4,020 | 5.6663 GBP | ||||
| 10p ordinary | Purchase | 2,857 | 5.6648 GBP | ||||
| 10p ordinary | Purchase | 2,797 | 5.6660 GBP | ||||
| 10p ordinary | Purchase | 2,660 | 5.6601 GBP | ||||
| 10p ordinary | Purchase | 2,453 | 5.6637 GBP | ||||
| 10p ordinary | Purchase | 2,301 | 5.6527 GBP | ||||
| 10p ordinary | Purchase | 2,233 | 5.6261 GBP | ||||
| 10p ordinary | Purchase | 2,129 | 5.6611 GBP | ||||
| 10p ordinary | Purchase | 2,039 | 5.6642 GBP | ||||
| 10p ordinary | Purchase | 1,904 | 5.6198 GBP | ||||
| 10p ordinary | Purchase | 1,597 | 5.6621 GBP | ||||
| 10p ordinary | Purchase | 1,414 | 5.6598 GBP | ||||
| 10p ordinary | Purchase | 1,365 | 5.6659 GBP | ||||
| 10p ordinary | Purchase | 1,112 | 5.6546 GBP | ||||
| 10p ordinary | Purchase | 1,039 | 5.6200 GBP | ||||
| 10p ordinary | Purchase | 213 | 5.6500 GBP | ||||
| 10p ordinary | Purchase | 24 | 5.6650 GBP | ||||
| 10p ordinary | Purchase | 7 | 5.6355 GBP | ||||
| 10p ordinary | Sale | 1,283,072 | 5.6000 GBP | ||||
| 10p ordinary | Sale | 257,610 | 5.6745 GBP | ||||
| 10p ordinary | Sale | 170,573 | 5.6695 GBP | ||||
| 10p ordinary | Sale | 77,752 | 5.6750 GBP | ||||
| 10p ordinary | Sale | 53,815 | 5.6564 GBP | ||||
| 10p ordinary | Sale | 27,402 | 5.6502 GBP | ||||
| 10p ordinary | Sale | 26,509 | 5.6595 GBP | ||||
| 10p ordinary | Sale | 25,000 | 5.6585 GBP | ||||
| 10p ordinary | Sale | 16,930 | 5.6665 GBP | ||||
| 10p ordinary | Sale | 15,926 | 5.6512 GBP | ||||
| 10p ordinary | Sale | 10,874 | 5.6690 GBP | ||||
| 10p ordinary | Sale | 8,661 | 5.6594 GBP | ||||
| 10p ordinary | Sale | 6,508 | 5.6580 GBP | ||||
| 10p ordinary | Sale | 5,817 | 5.6751 GBP | ||||
| 10p ordinary | Sale | 5,771 | 5.6647 GBP | ||||
| 10p ordinary | Sale | 4,790 | 5.6600 GBP | ||||
| 10p ordinary | Sale | 3,757 | 5.6350 GBP | ||||
| 10p ordinary | Sale | 2,161 | 5.7018 GBP | ||||
| 10p ordinary | Sale | 1,995 | 5.6510 GBP | ||||
| 10p ordinary | Sale | 1,632 | 5.6634 GBP | ||||
| 10p ordinary | Sale | 1,609 | 5.6633 GBP | ||||
| 10p ordinary | Sale | 605 | 5.6601 GBP | ||||
| 10p ordinary | Sale | 535 | 5.6537 GBP | ||||
| 10p ordinary | Sale | 342 | 5.6128 GBP | ||||
| 10p ordinary | Sale | 187 | 5.6749 GBP | ||||
| 10p ordinary | Sale | 181 | 5.6607 GBP | ||||
| 10p ordinary | Sale | 68 | 5.6523 GBP | ||||
| 10p ordinary | Sale | 54 | 5.6651 GBP | ||||
| 10p ordinary | Sale | 52 | 5.6650 GBP | ||||
| 10p ordinary | Sale | 1 | 5.6300 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 | 35,260 | 5.6660 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 342 | 5.6128 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 27,402 | 5.6502 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,995 | 5.6510 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 871 | 5.6512 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 53,815 | 5.6564 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,060 | 5.6626 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,930 | 5.6665 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 11,291 | 5.6678 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 35,875 | 5.6704 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 187 | 5.6749 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 116,302 | 5.6750 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,945 | 5.3977 USD | |||
| 10p ordinary | SWAP | Increasing Short | 67 | 5.6000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 507 | 5.6204 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,233 | 5.6261 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,455 | 5.6446 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,129 | 5.6611 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 13,498 | 5.6673 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,240 | 5.6750 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 861 | 5.5855 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,828 | 5.6150 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 13,420 | 5.6620 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 7 | 5.6757 GBP | |||
| 10p ordinary | CFD | Increasing Short | 8,000 | 5.6004 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,828 | 5.6150 GBP | |||
| 10p ordinary | CFD | Increasing Short | 15,055 | 5.6512 GBP | |||
| 10p ordinary | CFD | Increasing Short | 5,467 | 5.6555 GBP | |||
| 10p ordinary | CFD | Increasing Short | 7 | 5.6757 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: | 10 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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