| 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: | 20 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: | | | 33,508,671 | 2.43% | 29,895,095 | 2.17% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 12,818,526 | 0.93% | 31,612,286 | 2.29% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 46,327,197 | 3.36% | 61,507,381 | 4.46% |
| (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 | 173,677 | 5.8850 GBP | ||||
| 10p ordinary | Purchase | 172,415 | 5.9016 GBP | ||||
| 10p ordinary | Purchase | 44,505 | 5.9007 GBP | ||||
| 10p ordinary | Purchase | 44,056 | 5.8831 GBP | ||||
| 10p ordinary | Purchase | 11,989 | 5.8801 GBP | ||||
| 10p ordinary | Purchase | 8,246 | 5.8973 GBP | ||||
| 10p ordinary | Purchase | 6,104 | 5.9050 GBP | ||||
| 10p ordinary | Purchase | 5,523 | 5.9059 GBP | ||||
| 10p ordinary | Purchase | 4,597 | 5.8815 GBP | ||||
| 10p ordinary | Purchase | 4,359 | 5.8768 GBP | ||||
| 10p ordinary | Purchase | 4,181 | 5.8907 GBP | ||||
| 10p ordinary | Purchase | 3,772 | 5.8713 GBP | ||||
| 10p ordinary | Purchase | 2,795 | 5.9000 GBP | ||||
| 10p ordinary | Purchase | 2,557 | 5.9090 GBP | ||||
| 10p ordinary | Purchase | 2,455 | 5.9025 GBP | ||||
| 10p ordinary | Purchase | 2,246 | 5.8922 GBP | ||||
| 10p ordinary | Purchase | 2,140 | 5.8615 GBP | ||||
| 10p ordinary | Purchase | 1,946 | 5.8930 GBP | ||||
| 10p ordinary | Purchase | 1,522 | 5.8600 GBP | ||||
| 10p ordinary | Purchase | 1,165 | 5.9100 GBP | ||||
| 10p ordinary | Purchase | 1,154 | 5.9207 GBP | ||||
| 10p ordinary | Purchase | 1,085 | 5.9327 GBP | ||||
| 10p ordinary | Purchase | 944 | 5.9250 GBP | ||||
| 10p ordinary | Purchase | 637 | 5.8550 GBP | ||||
| 10p ordinary | Purchase | 472 | 5.9148 GBP | ||||
| 10p ordinary | Purchase | 472 | 5.8940 GBP | ||||
| 10p ordinary | Purchase | 472 | 5.9150 GBP | ||||
| 10p ordinary | Purchase | 362 | 5.8549 GBP | ||||
| 10p ordinary | Purchase | 181 | 5.8650 GBP | ||||
| 10p ordinary | Sale | 584,787 | 5.9250 GBP | ||||
| 10p ordinary | Sale | 96,390 | 5.8881 GBP | ||||
| 10p ordinary | Sale | 76,310 | 5.9013 GBP | ||||
| 10p ordinary | Sale | 70,639 | 5.8895 GBP | ||||
| 10p ordinary | Sale | 62,950 | 5.9007 GBP | ||||
| 10p ordinary | Sale | 59,009 | 5.8850 GBP | ||||
| 10p ordinary | Sale | 20,498 | 5.9035 GBP | ||||
| 10p ordinary | Sale | 16,437 | 5.8970 GBP | ||||
| 10p ordinary | Sale | 16,384 | 5.9088 GBP | ||||
| 10p ordinary | Sale | 10,465 | 5.8997 GBP | ||||
| 10p ordinary | Sale | 10,290 | 5.8910 GBP | ||||
| 10p ordinary | Sale | 9,713 | 5.8963 GBP | ||||
| 10p ordinary | Sale | 9,028 | 5.8825 GBP | ||||
| 10p ordinary | Sale | 7,781 | 5.8918 GBP | ||||
| 10p ordinary | Sale | 7,602 | 5.9018 GBP | ||||
| 10p ordinary | Sale | 7,529 | 5.8975 GBP | ||||
| 10p ordinary | Sale | 7,302 | 5.9074 GBP | ||||
| 10p ordinary | Sale | 7,116 | 5.9096 GBP | ||||
| 10p ordinary | Sale | 5,230 | 5.9047 GBP | ||||
| 10p ordinary | Sale | 4,658 | 5.9019 GBP | ||||
| 10p ordinary | Sale | 3,934 | 5.8899 GBP | ||||
| 10p ordinary | Sale | 3,065 | 5.8725 GBP | ||||
| 10p ordinary | Sale | 1,976 | 5.9224 GBP | ||||
| 10p ordinary | Sale | 1,411 | 5.8798 GBP | ||||
| 10p ordinary | Sale | 1,344 | 5.9000 GBP | ||||
| 10p ordinary | Sale | 1,296 | 5.8738 GBP | ||||
| 10p ordinary | Sale | 1,180 | 5.9075 GBP | ||||
| 10p ordinary | Sale | 1,119 | 5.9050 GBP | ||||
| 10p ordinary | Sale | 999 | 5.8550 GBP | ||||
| 10p ordinary | Sale | 716 | 5.9200 GBP | ||||
| 10p ordinary | Sale | 587 | 5.9245 GBP | ||||
| 10p ordinary | Sale | 537 | 5.9100 GBP | ||||
| 10p ordinary | Sale | 472 | 5.9150 GBP | ||||
| 10p ordinary | Sale | 11 | 5.8884 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 | 32,975 | 5.8914 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,065 | 5.8725 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 6,477 | 5.8776 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 35,043 | 5.8839 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 224 | 5.8850 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,934 | 5.8899 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,290 | 5.8910 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 7,781 | 5.8918 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,281 | 5.9019 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 16,384 | 5.9088 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 181 | 5.8650 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 3,772 | 5.8713 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 11,989 | 5.8801 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 60,264 | 5.8850 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 472 | 5.8939 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 57,060 | 5.8850 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 7 | 5.8857 GBP | |||
| 10p ordinary | CFD | Increasing Short | 2,569 | 5.8850 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,047 | 5.8853 GBP | |||
| 10p ordinary | CFD | Increasing Short | 7 | 5.8857 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: | 21 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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