| 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: | 27 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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| 34,772,041 | 2.52% | 12,652,422 | 0.92% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 12,483,102 | 0.90% | 32,303,501 | 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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| 47,255,143 | 3.42% | 44,955,923 | 3.26% |
| (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 | 10,916,585 | 6.1101 GBP | ||||
| 10p ordinary | Purchase | 6,180,075 | 6.1100 GBP | ||||
| 10p ordinary | Purchase | 261,657 | 6.0946 GBP | ||||
| 10p ordinary | Purchase | 150,000 | 6.1138 GBP | ||||
| 10p ordinary | Purchase | 133,305 | 6.1237 GBP | ||||
| 10p ordinary | Purchase | 108,825 | 6.1316 GBP | ||||
| 10p ordinary | Purchase | 63,537 | 6.0700 GBP | ||||
| 10p ordinary | Purchase | 31,099 | 6.1201 GBP | ||||
| 10p ordinary | Purchase | 27,503 | 6.0709 GBP | ||||
| 10p ordinary | Purchase | 24,391 | 6.1104 GBP | ||||
| 10p ordinary | Purchase | 24,290 | 6.0706 GBP | ||||
| 10p ordinary | Purchase | 24,102 | 6.1108 GBP | ||||
| 10p ordinary | Purchase | 20,202 | 6.0732 GBP | ||||
| 10p ordinary | Purchase | 14,250 | 6.1046 GBP | ||||
| 10p ordinary | Purchase | 10,285 | 6.1258 GBP | ||||
| 10p ordinary | Purchase | 9,680 | 6.1570 GBP | ||||
| 10p ordinary | Purchase | 8,157 | 6.0926 GBP | ||||
| 10p ordinary | Purchase | 6,551 | 6.1205 GBP | ||||
| 10p ordinary | Purchase | 5,803 | 6.1323 GBP | ||||
| 10p ordinary | Purchase | 5,773 | 6.1227 GBP | ||||
| 10p ordinary | Purchase | 5,652 | 6.1367 GBP | ||||
| 10p ordinary | Purchase | 5,556 | 6.1192 GBP | ||||
| 10p ordinary | Purchase | 5,240 | 6.1385 GBP | ||||
| 10p ordinary | Purchase | 4,244 | 6.0844 GBP | ||||
| 10p ordinary | Purchase | 3,436 | 6.1193 GBP | ||||
| 10p ordinary | Purchase | 1,685 | 6.1178 GBP | ||||
| 10p ordinary | Purchase | 1,081 | 6.0973 GBP | ||||
| 10p ordinary | Purchase | 1,021 | 6.0948 GBP | ||||
| 10p ordinary | Purchase | 975 | 6.1425 GBP | ||||
| 10p ordinary | Purchase | 825 | 6.1450 GBP | ||||
| 10p ordinary | Purchase | 525 | 6.1525 GBP | ||||
| 10p ordinary | Purchase | 365 | 6.0995 GBP | ||||
| 10p ordinary | Purchase | 363 | 6.0900 GBP | ||||
| 10p ordinary | Purchase | 256 | 6.0800 GBP | ||||
| 10p ordinary | Purchase | 150 | 6.1300 GBP | ||||
| 10p ordinary | Purchase | 137 | 6.0912 GBP | ||||
| 10p ordinary | Purchase | 8 | 6.1200 GBP | ||||
| 10p ordinary | Purchase | 2 | 6.0850 GBP | ||||
| 10p ordinary | Sale | 117,666 | 6.0958 GBP | ||||
| 10p ordinary | Sale | 84,109 | 6.0944 GBP | ||||
| 10p ordinary | Sale | 67,221 | 6.0888 GBP | ||||
| 10p ordinary | Sale | 64,309 | 6.0903 GBP | ||||
| 10p ordinary | Sale | 61,215 | 6.1313 GBP | ||||
| 10p ordinary | Sale | 56,965 | 6.1001 GBP | ||||
| 10p ordinary | Sale | 51,795 | 6.1126 GBP | ||||
| 10p ordinary | Sale | 27,163 | 6.1108 GBP | ||||
| 10p ordinary | Sale | 24,638 | 6.1094 GBP | ||||
| 10p ordinary | Sale | 20,202 | 6.0732 GBP | ||||
| 10p ordinary | Sale | 19,143 | 6.0700 GBP | ||||
| 10p ordinary | Sale | 14,042 | 6.1195 GBP | ||||
| 10p ordinary | Sale | 11,304 | 6.1375 GBP | ||||
| 10p ordinary | Sale | 10,270 | 6.1179 GBP | ||||
| 10p ordinary | Sale | 6,392 | 6.1333 GBP | ||||
| 10p ordinary | Sale | 5,803 | 6.1331 GBP | ||||
| 10p ordinary | Sale | 5,240 | 6.1393 GBP | ||||
| 10p ordinary | Sale | 5,128 | 6.1200 GBP | ||||
| 10p ordinary | Sale | 4,571 | 6.1324 GBP | ||||
| 10p ordinary | Sale | 4,299 | 6.1122 GBP | ||||
| 10p ordinary | Sale | 4,263 | 6.1157 GBP | ||||
| 10p ordinary | Sale | 1,721 | 6.1248 GBP | ||||
| 10p ordinary | Sale | 1,530 | 6.1015 GBP | ||||
| 10p ordinary | Sale | 1,346 | 6.1227 GBP | ||||
| 10p ordinary | Sale | 1,118 | 6.1250 GBP | ||||
| 10p ordinary | Sale | 1,021 | 6.0948 GBP | ||||
| 10p ordinary | Sale | 825 | 6.1450 GBP | ||||
| 10p ordinary | Sale | 802 | 6.1204 GBP | ||||
| 10p ordinary | Sale | 740 | 6.1081 GBP | ||||
| 10p ordinary | Sale | 736 | 6.0991 GBP | ||||
| 10p ordinary | Sale | 713 | 6.0650 GBP | ||||
| 10p ordinary | Sale | 566 | 6.1114 GBP | ||||
| 10p ordinary | Sale | 513 | 6.1050 GBP | ||||
| 10p ordinary | Sale | 282 | 6.0799 GBP | ||||
| 10p ordinary | Sale | 150 | 6.1300 GBP | ||||
| 10p ordinary | Sale | 143 | 6.1099 GBP | ||||
| 10p ordinary | Sale | 79 | 6.0940 GBP | ||||
| 10p ordinary | Sale | 2 | 6.0850 GBP | ||||
| 10p ordinary | Sale | 2 | 6.0851 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 | 12,889 | 6.1050 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 227,000 | 6.0259 USD | |||
| 10p ordinary | SWAP | Decreasing Short | 1,965 | 6.0700 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 282 | 6.0799 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,145 | 6.0881 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 67,221 | 6.0888 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 64,309 | 6.0903 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 79 | 6.0934 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 84,109 | 6.0944 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 88,371 | 6.0986 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 736 | 6.0991 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 699 | 6.1100 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 4,299 | 6.1122 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 22,393 | 6.1144 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 29,318 | 6.1150 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 100,766 | 6.0700 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,290 | 6.0706 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 7,078 | 6.0712 USD | |||
| 10p ordinary | SWAP | Increasing Short | 20,000 | 6.0715 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 19,239 | 6.0773 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,593 | 6.0800 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,312 | 6.0860 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 391 | 6.0869 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 8,157 | 6.0926 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,391 | 6.1104 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 24,102 | 6.1108 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 150,000 | 6.1138 USD | |||
| 10p ordinary | SWAP | Increasing Short | 3,436 | 6.1193 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 108,825 | 6.1316 USD | |||
| 10p ordinary | SWAP | Increasing Short | 9,680 | 6.1570 USD | |||
| 10p ordinary | CFD | Increasing Short | 8,628 | 6.0700 GBP | |||
| 10p ordinary | CFD | Increasing Short | 21,316 | 6.1096 GBP | |||
| 10p ordinary | CFD | Increasing Short | 46,749 | 6.1263 GBP | |||
| 10p ordinary | CFD | Increasing Short | 83,211 | 6.1264 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: | 28 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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