| 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 Apr 2024 | |||||
| (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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| 14,499,692 | 1.05% | 7,433,328 | 0.54% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 7,272,163 | 0.53% | 13,672,114 | 0.99% |
| (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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| 21,771,855 | 1.58% | 21,105,442 | 1.53% |
| (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 | 1,934,463 | 3.4602 GBP | ||||
| 10p ordinary | Purchase | 1,802,679 | 3.4600 GBP | ||||
| 10p ordinary | Purchase | 506,376 | 3.4639 GBP | ||||
| 10p ordinary | Purchase | 227,689 | 3.4645 GBP | ||||
| 10p ordinary | Purchase | 213,981 | 3.4681 GBP | ||||
| 10p ordinary | Purchase | 206,924 | 3.4664 GBP | ||||
| 10p ordinary | Purchase | 108,371 | 3.4606 GBP | ||||
| 10p ordinary | Purchase | 105,852 | 3.4661 GBP | ||||
| 10p ordinary | Purchase | 92,603 | 3.4694 GBP | ||||
| 10p ordinary | Purchase | 82,616 | 3.4705 GBP | ||||
| 10p ordinary | Purchase | 70,657 | 3.4671 GBP | ||||
| 10p ordinary | Purchase | 67,286 | 3.4695 GBP | ||||
| 10p ordinary | Purchase | 61,195 | 3.4685 GBP | ||||
| 10p ordinary | Purchase | 42,049 | 3.4730 GBP | ||||
| 10p ordinary | Purchase | 36,105 | 3.4498 GBP | ||||
| 10p ordinary | Purchase | 24,218 | 3.4714 GBP | ||||
| 10p ordinary | Purchase | 24,063 | 3.4748 GBP | ||||
| 10p ordinary | Purchase | 23,779 | 3.4552 GBP | ||||
| 10p ordinary | Purchase | 22,313 | 3.4793 GBP | ||||
| 10p ordinary | Purchase | 19,197 | 3.4737 GBP | ||||
| 10p ordinary | Purchase | 18,700 | 3.4775 GBP | ||||
| 10p ordinary | Purchase | 18,368 | 3.4640 GBP | ||||
| 10p ordinary | Purchase | 17,300 | 3.4605 GBP | ||||
| 10p ordinary | Purchase | 16,845 | 3.4786 GBP | ||||
| 10p ordinary | Purchase | 14,566 | 3.4734 GBP | ||||
| 10p ordinary | Purchase | 11,609 | 3.4609 GBP | ||||
| 10p ordinary | Purchase | 11,606 | 3.4620 GBP | ||||
| 10p ordinary | Purchase | 11,384 | 3.4660 GBP | ||||
| 10p ordinary | Purchase | 10,886 | 3.4400 GBP | ||||
| 10p ordinary | Purchase | 9,418 | 3.4500 GBP | ||||
| 10p ordinary | Purchase | 9,106 | 3.4560 GBP | ||||
| 10p ordinary | Purchase | 8,035 | 3.4622 GBP | ||||
| 10p ordinary | Purchase | 6,342 | 3.4420 GBP | ||||
| 10p ordinary | Purchase | 5,053 | 3.4540 GBP | ||||
| 10p ordinary | Purchase | 5,042 | 3.4520 GBP | ||||
| 10p ordinary | Purchase | 4,663 | 3.4740 GBP | ||||
| 10p ordinary | Purchase | 4,402 | 3.4580 GBP | ||||
| 10p ordinary | Purchase | 4,287 | 3.4497 GBP | ||||
| 10p ordinary | Purchase | 3,501 | 3.4739 GBP | ||||
| 10p ordinary | Purchase | 3,386 | 3.4480 GBP | ||||
| 10p ordinary | Purchase | 3,303 | 3.4720 GBP | ||||
| 10p ordinary | Purchase | 3,191 | 3.4360 GBP | ||||
| 10p ordinary | Purchase | 2,601 | 3.4492 GBP | ||||
| 10p ordinary | Purchase | 2,428 | 3.4784 GBP | ||||
| 10p ordinary | Purchase | 2,367 | 3.4783 GBP | ||||
| 10p ordinary | Purchase | 2,278 | 3.4680 GBP | ||||
| 10p ordinary | Purchase | 2,007 | 3.4926 GBP | ||||
| 10p ordinary | Purchase | 1,779 | 3.4700 GBP | ||||
| 10p ordinary | Purchase | 1,448 | 3.4380 GBP | ||||
| 10p ordinary | Purchase | 1,173 | 3.4820 GBP | ||||
| 10p ordinary | Purchase | 882 | 3.4860 GBP | ||||
| 10p ordinary | Purchase | 870 | 3.4760 GBP | ||||
| 10p ordinary | Purchase | 841 | 3.4440 GBP | ||||
| 10p ordinary | Purchase | 829 | 3.4900 GBP | ||||
| 10p ordinary | Purchase | 702 | 3.4460 GBP | ||||
| 10p ordinary | Purchase | 326 | 3.4541 GBP | ||||
| 10p ordinary | Purchase | 124 | 3.4920 GBP | ||||
| 10p ordinary | Purchase | 67 | 3.4615 GBP | ||||
| 10p ordinary | Sale | 1,064,789 | 3.4657 GBP | ||||
| 10p ordinary | Sale | 761,634 | 3.4734 GBP | ||||
| 10p ordinary | Sale | 692,071 | 3.4600 GBP | ||||
| 10p ordinary | Sale | 342,905 | 3.4605 GBP | ||||
| 10p ordinary | Sale | 230,135 | 3.4586 GBP | ||||
| 10p ordinary | Sale | 96,051 | 3.4669 GBP | ||||
| 10p ordinary | Sale | 87,831 | 3.4576 GBP | ||||
| 10p ordinary | Sale | 60,591 | 3.4620 GBP | ||||
| 10p ordinary | Sale | 54,848 | 3.4629 GBP | ||||
| 10p ordinary | Sale | 47,400 | 3.4610 GBP | ||||
| 10p ordinary | Sale | 30,050 | 3.4633 GBP | ||||
| 10p ordinary | Sale | 27,800 | 3.4490 GBP | ||||
| 10p ordinary | Sale | 26,120 | 3.4546 GBP | ||||
| 10p ordinary | Sale | 22,786 | 3.4645 GBP | ||||
| 10p ordinary | Sale | 21,595 | 3.4609 GBP | ||||
| 10p ordinary | Sale | 19,515 | 3.4709 GBP | ||||
| 10p ordinary | Sale | 17,097 | 3.4499 GBP | ||||
| 10p ordinary | Sale | 16,903 | 3.4517 GBP | ||||
| 10p ordinary | Sale | 16,563 | 3.4711 GBP | ||||
| 10p ordinary | Sale | 15,101 | 3.4559 GBP | ||||
| 10p ordinary | Sale | 11,215 | 3.4516 GBP | ||||
| 10p ordinary | Sale | 11,076 | 3.4644 GBP | ||||
| 10p ordinary | Sale | 10,922 | 3.4677 GBP | ||||
| 10p ordinary | Sale | 10,459 | 3.4500 GBP | ||||
| 10p ordinary | Sale | 9,106 | 3.4560 GBP | ||||
| 10p ordinary | Sale | 8,435 | 3.4640 GBP | ||||
| 10p ordinary | Sale | 7,269 | 3.4580 GBP | ||||
| 10p ordinary | Sale | 6,342 | 3.4420 GBP | ||||
| 10p ordinary | Sale | 6,186 | 3.4778 GBP | ||||
| 10p ordinary | Sale | 5,615 | 3.4800 GBP | ||||
| 10p ordinary | Sale | 5,252 | 3.4481 GBP | ||||
| 10p ordinary | Sale | 5,053 | 3.4540 GBP | ||||
| 10p ordinary | Sale | 5,042 | 3.4520 GBP | ||||
| 10p ordinary | Sale | 4,663 | 3.4740 GBP | ||||
| 10p ordinary | Sale | 4,487 | 3.4612 GBP | ||||
| 10p ordinary | Sale | 4,354 | 3.4480 GBP | ||||
| 10p ordinary | Sale | 4,176 | 3.4521 GBP | ||||
| 10p ordinary | Sale | 3,623 | 3.4400 GBP | ||||
| 10p ordinary | Sale | 3,423 | 3.4700 GBP | ||||
| 10p ordinary | Sale | 3,303 | 3.4720 GBP | ||||
| 10p ordinary | Sale | 3,230 | 3.4542 GBP | ||||
| 10p ordinary | Sale | 3,191 | 3.4360 GBP | ||||
| 10p ordinary | Sale | 3,174 | 3.4655 GBP | ||||
| 10p ordinary | Sale | 2,291 | 3.4369 GBP | ||||
| 10p ordinary | Sale | 2,278 | 3.4680 GBP | ||||
| 10p ordinary | Sale | 2,239 | 3.4792 GBP | ||||
| 10p ordinary | Sale | 1,711 | 3.4440 GBP | ||||
| 10p ordinary | Sale | 1,585 | 3.4732 GBP | ||||
| 10p ordinary | Sale | 1,514 | 3.4660 GBP | ||||
| 10p ordinary | Sale | 1,457 | 3.4510 GBP | ||||
| 10p ordinary | Sale | 1,448 | 3.4380 GBP | ||||
| 10p ordinary | Sale | 1,284 | 3.4452 GBP | ||||
| 10p ordinary | Sale | 1,173 | 3.4820 GBP | ||||
| 10p ordinary | Sale | 1,105 | 3.4802 GBP | ||||
| 10p ordinary | Sale | 970 | 3.4760 GBP | ||||
| 10p ordinary | Sale | 929 | 3.4880 GBP | ||||
| 10p ordinary | Sale | 882 | 3.4860 GBP | ||||
| 10p ordinary | Sale | 829 | 3.4900 GBP | ||||
| 10p ordinary | Sale | 702 | 3.4460 GBP | ||||
| 10p ordinary | Sale | 593 | 3.4723 GBP | ||||
| 10p ordinary | Sale | 581 | 3.4819 GBP | ||||
| 10p ordinary | Sale | 124 | 3.4920 GBP | ||||
| 10p ordinary | Sale | 87 | 3.4776 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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| 10p ordinary | CFD | Closing Long | 57 | 3.4900 GBP | |||
| 10p ordinary | SWAP | Closing Long | 2,082 | 3.4499 GBP | |||
| 10p ordinary | SWAP | Closing Long | 2,399 | 3.4579 GBP | |||
| 10p ordinary | SWAP | Closing Long | 5,252 | 3.4481 GBP | |||
| 10p ordinary | SWAP | Closing Long | 21,820 | 3.4649 GBP | |||
| 10p ordinary | SWAP | Closing Long | 87,831 | 3.4576 GBP | |||
| 10p ordinary | SWAP | Closing Long | 97,601 | 3.4587 GBP | |||
| 10p ordinary | CFD | Closing Long | 223,757 | 3.4600 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 925 | 3.4680 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 9,827 | 3.4675 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 9,870 | 3.4660 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 17,300 | 3.4605 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 23,873 | 3.4757 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 47,991 | 3.4685 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 70 | 3.4508 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 581 | 3.4819 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,644 | 3.4700 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,250 | 3.4928 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,878 | 3.4673 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 9,063 | 3.4613 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 41,478 | 3.4657 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 260,937 | 3.4584 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 649 | 3.4809 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 105,852 | 3.4661 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 179,350 | 3.4675 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 190,061 | 3.4642 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 586,546 | 3.4600 GBP | |||
| 10p ordinary | SWAP | Opening Long | 38 | 3.4774 GBP | |||
| 10p ordinary | SWAP | Opening Long | 49 | 3.4778 GBP | |||
| 10p ordinary | SWAP | Opening Long | 165 | 3.4761 GBP | |||
| 10p ordinary | SWAP | Opening Long | 213 | 3.4364 GBP | |||
| 10p ordinary | SWAP | Opening Long | 215 | 3.4747 GBP | |||
| 10p ordinary | SWAP | Opening Long | 283 | 3.4366 GBP | |||
| 10p ordinary | SWAP | Opening Long | 386 | 3.4554 GBP | |||
| 10p ordinary | SWAP | Opening Long | 428 | 3.4645 GBP | |||
| 10p ordinary | SWAP | Opening Long | 492 | 3.4628 GBP | |||
| 10p ordinary | SWAP | Opening Long | 559 | 3.4555 GBP | |||
| 10p ordinary | SWAP | Opening Long | 1,205 | 3.4725 GBP | |||
| 10p ordinary | SWAP | Opening Long | 1,312 | 3.4496 GBP | |||
| 10p ordinary | SWAP | Opening Long | 1,795 | 3.4370 GBP | |||
| 10p ordinary | SWAP | Opening Long | 1,823 | 3.4498 GBP | |||
| 10p ordinary | SWAP | Opening Long | 2,254 | 3.4662 GBP | |||
| 10p ordinary | SWAP | Opening Long | 3,762 | 3.4557 GBP | |||
| 10p ordinary | SWAP | Opening Long | 11,880 | 3.4499 GBP | |||
| 10p ordinary | SWAP | Opening Long | 16,903 | 3.4517 GBP | |||
| 10p ordinary | SWAP | Opening Long | 27,800 | 3.4490 GBP | |||
| 10p ordinary | SWAP | Opening Long | 77,103 | 3.4640 GBP | |||
| 10p ordinary | CFD | Opening Short | 57 | 3.4900 GBP | |||
| 10p ordinary | CFD | Opening Short | 124 | 3.4920 GBP | |||
| 10p ordinary | SWAP | Opening Short | 637 | 3.4920 GBP | |||
| 10p ordinary | SWAP | Opening Short | 920 | 3.4640 GBP | |||
| 10p ordinary | SWAP | Opening Short | 1,370 | 3.4930 GBP | |||
| 10p ordinary | SWAP | Opening Short | 2,367 | 3.4783 GBP | |||
| 10p ordinary | CFD | Opening Short | 2,697 | 3.4643 GBP | |||
| 10p ordinary | SWAP | Opening Short | 3,501 | 3.4739 GBP | |||
| 10p ordinary | CFD | Opening Short | 14,037 | 3.4462 GBP | |||
| 10p ordinary | SWAP | Opening Short | 50,335 | 3.4610 GBP | |||
| 10p ordinary | SWAP | Opening Short | 62,928 | 3.4676 GBP | |||
| 10p ordinary | SWAP | Opening Short | 206,924 | 3.4664 GBP | |||
| 10p ordinary | SWAP | Opening Short | 743,936 | 3.4600 GBP | |||
| 10p ordinary | CFD | Opening Short | 1,566,208 | 3.4600 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: | 25 Apr 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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