| 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: | 24 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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| 34,707,725 | 2.51% | 29,740,670 | 2.15% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,524,385 | 0.91% | 32,263,657 | 2.34% |
| (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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| 47,232,110 | 3.42% | 62,004,327 | 4.49% |
| (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 |
| securities |
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| 10p ordinary | Purchase | 594,437 | 6.0822 GBP | ||||
| 10p ordinary | Purchase | 201,810 | 6.1500 GBP | ||||
| 10p ordinary | Purchase | 146,388 | 6.1233 GBP | ||||
| 10p ordinary | Purchase | 95,395 | 6.0814 GBP | ||||
| 10p ordinary | Purchase | 49,120 | 6.0242 GBP | ||||
| 10p ordinary | Purchase | 42,170 | 6.0672 GBP | ||||
| 10p ordinary | Purchase | 37,141 | 6.0889 GBP | ||||
| 10p ordinary | Purchase | 23,845 | 6.0750 GBP | ||||
| 10p ordinary | Purchase | 22,393 | 6.0691 GBP | ||||
| 10p ordinary | Purchase | 21,769 | 6.0670 GBP | ||||
| 10p ordinary | Purchase | 7,848 | 6.0959 GBP | ||||
| 10p ordinary | Purchase | 6,747 | 6.0895 GBP | ||||
| 10p ordinary | Purchase | 5,900 | 6.0963 GBP | ||||
| 10p ordinary | Purchase | 5,000 | 6.0950 GBP | ||||
| 10p ordinary | Purchase | 5,000 | 6.1450 GBP | ||||
| 10p ordinary | Purchase | 4,833 | 6.0250 GBP | ||||
| 10p ordinary | Purchase | 4,272 | 6.0537 GBP | ||||
| 10p ordinary | Purchase | 3,812 | 6.0588 GBP | ||||
| 10p ordinary | Purchase | 2,792 | 6.0489 GBP | ||||
| 10p ordinary | Purchase | 2,777 | 6.0645 GBP | ||||
| 10p ordinary | Purchase | 2,641 | 6.0976 GBP | ||||
| 10p ordinary | Purchase | 2,620 | 6.0398 GBP | ||||
| 10p ordinary | Purchase | 2,416 | 6.0726 GBP | ||||
| 10p ordinary | Purchase | 2,171 | 6.0796 GBP | ||||
| 10p ordinary | Purchase | 1,658 | 6.0720 GBP | ||||
| 10p ordinary | Purchase | 1,454 | 6.0534 GBP | ||||
| 10p ordinary | Purchase | 1,254 | 6.1506 GBP | ||||
| 10p ordinary | Purchase | 1,234 | 6.0450 GBP | ||||
| 10p ordinary | Purchase | 499 | 6.0850 GBP | ||||
| 10p ordinary | Purchase | 497 | 6.0300 GBP | ||||
| 10p ordinary | Purchase | 465 | 6.1425 GBP | ||||
| 10p ordinary | Purchase | 415 | 6.0586 GBP | ||||
| 10p ordinary | Purchase | 386 | 6.0511 GBP | ||||
| 10p ordinary | Purchase | 243 | 6.1225 GBP | ||||
| 10p ordinary | Purchase | 211 | 6.0395 GBP | ||||
| 10p ordinary | Purchase | 174 | 6.0833 GBP | ||||
| 10p ordinary | Purchase | 144 | 6.0650 GBP | ||||
| 10p ordinary | Sale | 371,170 | 6.1500 GBP | ||||
| 10p ordinary | Sale | 272,345 | 6.1272 GBP | ||||
| 10p ordinary | Sale | 233,581 | 6.0730 GBP | ||||
| 10p ordinary | Sale | 100,752 | 6.1071 GBP | ||||
| 10p ordinary | Sale | 54,452 | 6.0251 GBP | ||||
| 10p ordinary | Sale | 33,351 | 6.1087 GBP | ||||
| 10p ordinary | Sale | 31,835 | 6.0859 GBP | ||||
| 10p ordinary | Sale | 28,426 | 6.0752 GBP | ||||
| 10p ordinary | Sale | 27,062 | 6.0775 GBP | ||||
| 10p ordinary | Sale | 26,996 | 6.0715 GBP | ||||
| 10p ordinary | Sale | 26,533 | 6.0903 GBP | ||||
| 10p ordinary | Sale | 24,386 | 6.0437 GBP | ||||
| 10p ordinary | Sale | 23,916 | 6.0987 GBP | ||||
| 10p ordinary | Sale | 18,589 | 6.0790 GBP | ||||
| 10p ordinary | Sale | 10,000 | 6.1481 GBP | ||||
| 10p ordinary | Sale | 10,000 | 6.0481 GBP | ||||
| 10p ordinary | Sale | 7,505 | 6.1376 GBP | ||||
| 10p ordinary | Sale | 6,088 | 6.1499 GBP | ||||
| 10p ordinary | Sale | 4,003 | 6.0200 GBP | ||||
| 10p ordinary | Sale | 3,295 | 6.0830 GBP | ||||
| 10p ordinary | Sale | 3,282 | 6.0612 GBP | ||||
| 10p ordinary | Sale | 2,950 | 6.0611 GBP | ||||
| 10p ordinary | Sale | 2,391 | 6.0741 GBP | ||||
| 10p ordinary | Sale | 1,980 | 6.1171 GBP | ||||
| 10p ordinary | Sale | 1,894 | 6.0234 GBP | ||||
| 10p ordinary | Sale | 1,743 | 6.0901 GBP | ||||
| 10p ordinary | Sale | 1,705 | 6.0338 GBP | ||||
| 10p ordinary | Sale | 1,699 | 6.0350 GBP | ||||
| 10p ordinary | Sale | 1,222 | 6.1256 GBP | ||||
| 10p ordinary | Sale | 1,060 | 6.0420 GBP | ||||
| 10p ordinary | Sale | 994 | 6.1054 GBP | ||||
| 10p ordinary | Sale | 875 | 6.1011 GBP | ||||
| 10p ordinary | Sale | 624 | 6.0550 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 |
| reference | unit | |||
| security |
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| securities |
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| 10p ordinary | SWAP | Increasing Short | 12,976 | 6.0872 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 402 | 6.0050 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 118 | 6.0200 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,894 | 6.0234 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,950 | 6.0611 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 26,996 | 6.0716 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 233,581 | 6.0730 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 138,265 | 6.0959 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,000 | 6.0982 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,393 | 6.1001 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 875 | 6.1011 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 33,351 | 6.1087 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 151,961 | 6.1126 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 54,677 | 6.1272 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 37,995 | 6.1284 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 12,911 | 6.1293 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15,560 | 6.1485 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,792 | 6.0489 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 415 | 6.0587 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 21,888 | 6.0665 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 19,995 | 6.0670 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,416 | 6.0726 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 95,395 | 6.0814 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 9,525 | 6.0828 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 37,141 | 6.0889 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 15,000 | 6.0915 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 136,807 | 6.0941 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,618 | 6.1500 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,254 | 6.1506 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 4,501 | 6.0216 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 241 | 6.0746 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 151,461 | 6.1500 GBP | |||
| 10p ordinary | CFD | Increasing Short | 13,914 | 6.0419 GBP | |||
| 10p ordinary | CFD | Increasing Short | 365,748 | 6.0497 GBP | |||
| 10p ordinary | CFD | Increasing Short | 132,778 | 6.1500 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/ |
| security |
| 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: | 27 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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