| 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: | 09 May 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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| 22,910,505 | 1.66% | 19,153,787 | 1.39% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 7,931,188 | 0.57% | 20,408,225 | 1.48% |
| (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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| 30,841,693 | 2.24% | 39,562,012 | 2.87% |
| (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 | 1,017,796 | 3.6340 GBP | ||||
| 10p ordinary | Purchase | 712,897 | 3.6062 GBP | ||||
| 10p ordinary | Purchase | 446,148 | 3.6303 GBP | ||||
| 10p ordinary | Purchase | 435,500 | 3.6423 GBP | ||||
| 10p ordinary | Purchase | 400,000 | 3.6682 GBP | ||||
| 10p ordinary | Purchase | 320,197 | 3.6262 GBP | ||||
| 10p ordinary | Purchase | 235,159 | 3.6004 GBP | ||||
| 10p ordinary | Purchase | 156,613 | 3.6217 GBP | ||||
| 10p ordinary | Purchase | 122,519 | 3.6000 GBP | ||||
| 10p ordinary | Purchase | 93,945 | 3.6425 GBP | ||||
| 10p ordinary | Purchase | 51,026 | 3.6541 GBP | ||||
| 10p ordinary | Purchase | 45,519 | 3.6080 GBP | ||||
| 10p ordinary | Purchase | 38,607 | 3.6690 GBP | ||||
| 10p ordinary | Purchase | 20,334 | 3.6718 GBP | ||||
| 10p ordinary | Purchase | 16,078 | 3.6737 GBP | ||||
| 10p ordinary | Purchase | 15,392 | 3.6421 GBP | ||||
| 10p ordinary | Purchase | 14,279 | 3.6712 GBP | ||||
| 10p ordinary | Purchase | 11,999 | 3.6486 GBP | ||||
| 10p ordinary | Purchase | 11,158 | 3.6388 GBP | ||||
| 10p ordinary | Purchase | 10,153 | 3.6688 GBP | ||||
| 10p ordinary | Purchase | 9,283 | 3.6218 GBP | ||||
| 10p ordinary | Purchase | 7,985 | 3.6005 GBP | ||||
| 10p ordinary | Purchase | 7,964 | 3.6401 GBP | ||||
| 10p ordinary | Purchase | 7,363 | 3.6652 GBP | ||||
| 10p ordinary | Purchase | 5,916 | 3.6719 GBP | ||||
| 10p ordinary | Purchase | 4,799 | 3.6708 GBP | ||||
| 10p ordinary | Purchase | 4,681 | 3.6538 GBP | ||||
| 10p ordinary | Purchase | 4,000 | 3.5979 GBP | ||||
| 10p ordinary | Purchase | 3,294 | 3.6648 GBP | ||||
| 10p ordinary | Purchase | 2,975 | 3.6725 GBP | ||||
| 10p ordinary | Purchase | 2,843 | 3.6240 GBP | ||||
| 10p ordinary | Purchase | 2,734 | 3.6776 GBP | ||||
| 10p ordinary | Purchase | 2,062 | 3.6700 GBP | ||||
| 10p ordinary | Purchase | 2,057 | 3.6740 GBP | ||||
| 10p ordinary | Purchase | 2,006 | 3.6400 GBP | ||||
| 10p ordinary | Purchase | 1,892 | 3.6720 GBP | ||||
| 10p ordinary | Purchase | 1,721 | 3.6382 GBP | ||||
| 10p ordinary | Purchase | 1,694 | 3.6300 GBP | ||||
| 10p ordinary | Purchase | 1,541 | 3.6379 GBP | ||||
| 10p ordinary | Purchase | 1,508 | 3.6180 GBP | ||||
| 10p ordinary | Purchase | 1,339 | 3.6620 GBP | ||||
| 10p ordinary | Purchase | 1,295 | 3.6269 GBP | ||||
| 10p ordinary | Purchase | 1,243 | 3.6734 GBP | ||||
| 10p ordinary | Purchase | 1,220 | 3.6770 GBP | ||||
| 10p ordinary | Purchase | 1,090 | 3.6780 GBP | ||||
| 10p ordinary | Purchase | 1,073 | 3.6511 GBP | ||||
| 10p ordinary | Purchase | 980 | 3.6380 GBP | ||||
| 10p ordinary | Purchase | 883 | 3.6480 GBP | ||||
| 10p ordinary | Purchase | 880 | 3.6500 GBP | ||||
| 10p ordinary | Purchase | 873 | 3.6840 GBP | ||||
| 10p ordinary | Purchase | 864 | 3.6640 GBP | ||||
| 10p ordinary | Purchase | 811 | 3.6160 GBP | ||||
| 10p ordinary | Purchase | 681 | 3.6181 GBP | ||||
| 10p ordinary | Purchase | 575 | 3.6230 GBP | ||||
| 10p ordinary | Purchase | 574 | 3.6200 GBP | ||||
| 10p ordinary | Purchase | 562 | 3.6680 GBP | ||||
| 10p ordinary | Purchase | 560 | 3.6220 GBP | ||||
| 10p ordinary | Purchase | 236 | 3.6360 GBP | ||||
| 10p ordinary | Purchase | 4 | 3.6660 GBP | ||||
| 10p ordinary | Purchase | 1 | 3.6280 GBP | ||||
| 10p ordinary | Sale | 463,046 | 3.6000 GBP | ||||
| 10p ordinary | Sale | 444,299 | 3.6058 GBP | ||||
| 10p ordinary | Sale | 355,708 | 3.6026 GBP | ||||
| 10p ordinary | Sale | 235,512 | 3.6413 GBP | ||||
| 10p ordinary | Sale | 150,000 | 3.6720 GBP | ||||
| 10p ordinary | Sale | 122,927 | 3.6375 GBP | ||||
| 10p ordinary | Sale | 112,224 | 3.6475 GBP | ||||
| 10p ordinary | Sale | 81,304 | 3.6091 GBP | ||||
| 10p ordinary | Sale | 48,393 | 3.6485 GBP | ||||
| 10p ordinary | Sale | 44,699 | 3.6277 GBP | ||||
| 10p ordinary | Sale | 38,589 | 3.6299 GBP | ||||
| 10p ordinary | Sale | 35,855 | 3.6349 GBP | ||||
| 10p ordinary | Sale | 35,676 | 3.6362 GBP | ||||
| 10p ordinary | Sale | 23,581 | 3.6598 GBP | ||||
| 10p ordinary | Sale | 19,350 | 3.6096 GBP | ||||
| 10p ordinary | Sale | 18,228 | 3.6386 GBP | ||||
| 10p ordinary | Sale | 17,795 | 3.6372 GBP | ||||
| 10p ordinary | Sale | 12,642 | 3.6507 GBP | ||||
| 10p ordinary | Sale | 11,333 | 3.6462 GBP | ||||
| 10p ordinary | Sale | 9,076 | 3.6263 GBP | ||||
| 10p ordinary | Sale | 7,179 | 3.6422 GBP | ||||
| 10p ordinary | Sale | 7,033 | 3.6318 GBP | ||||
| 10p ordinary | Sale | 6,729 | 3.6274 GBP | ||||
| 10p ordinary | Sale | 5,209 | 3.6140 GBP | ||||
| 10p ordinary | Sale | 4,526 | 3.6240 GBP | ||||
| 10p ordinary | Sale | 4,184 | 3.6286 GBP | ||||
| 10p ordinary | Sale | 3,611 | 3.6326 GBP | ||||
| 10p ordinary | Sale | 3,453 | 3.6383 GBP | ||||
| 10p ordinary | Sale | 2,919 | 3.6394 GBP | ||||
| 10p ordinary | Sale | 2,913 | 3.6400 GBP | ||||
| 10p ordinary | Sale | 2,739 | 3.6227 GBP | ||||
| 10p ordinary | Sale | 2,676 | 3.6371 GBP | ||||
| 10p ordinary | Sale | 2,477 | 3.6290 GBP | ||||
| 10p ordinary | Sale | 2,402 | 3.6309 GBP | ||||
| 10p ordinary | Sale | 2,267 | 3.6436 GBP | ||||
| 10p ordinary | Sale | 2,078 | 3.6359 GBP | ||||
| 10p ordinary | Sale | 2,062 | 3.6700 GBP | ||||
| 10p ordinary | Sale | 2,057 | 3.6740 GBP | ||||
| 10p ordinary | Sale | 1,694 | 3.6300 GBP | ||||
| 10p ordinary | Sale | 1,508 | 3.6180 GBP | ||||
| 10p ordinary | Sale | 1,405 | 3.6220 GBP | ||||
| 10p ordinary | Sale | 1,339 | 3.6620 GBP | ||||
| 10p ordinary | Sale | 1,220 | 3.6770 GBP | ||||
| 10p ordinary | Sale | 1,090 | 3.6780 GBP | ||||
| 10p ordinary | Sale | 883 | 3.6480 GBP | ||||
| 10p ordinary | Sale | 880 | 3.6500 GBP | ||||
| 10p ordinary | Sale | 873 | 3.6840 GBP | ||||
| 10p ordinary | Sale | 864 | 3.6640 GBP | ||||
| 10p ordinary | Sale | 845 | 3.6293 GBP | ||||
| 10p ordinary | Sale | 811 | 3.6160 GBP | ||||
| 10p ordinary | Sale | 579 | 3.6199 GBP | ||||
| 10p ordinary | Sale | 562 | 3.6680 GBP | ||||
| 10p ordinary | Sale | 1 | 3.6280 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 | SWAP | Closing Long | 131,090 | 3.6340 GBP | |||
| 10p ordinary | SWAP | Closing Long | 227,641 | 3.6000 GBP | |||
| 10p ordinary | SWAP | Closing Long | 338,949 | 3.6076 GBP | |||
| 10p ordinary | SWAP | Closing Long | 435,500 | 3.6423 GBP | |||
| 10p ordinary | SWAP | Closing Short | 44,699 | 3.6277 GBP | |||
| 10p ordinary | SWAP | Closing Short | 81,304 | 3.6091 GBP | |||
| 10p ordinary | SWAP | Closing Short | 112,224 | 3.6475 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 605 | 3.6382 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 681 | 3.6181 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,073 | 3.6510 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,682 | 3.6419 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,892 | 3.6720 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,985 | 3.6340 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 4,681 | 3.6538 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 7,985 | 3.6005 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 11,999 | 3.6486 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 51,026 | 3.6541 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 93,945 | 3.6425 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 140 | 3.6280 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 845 | 3.6293 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,676 | 3.6400 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,919 | 3.6394 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 48,644 | 3.6009 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 68,617 | 3.6372 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 235,512 | 3.6413 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 236,285 | 3.6000 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 579 | 3.6199 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1 | 3.6300 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 560 | 3.6220 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,295 | 3.6269 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 29,506 | 3.6341 GBP | |||
| 10p ordinary | CFD | Increasing Short | 65,627 | 3.6000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 78,468 | 3.6023 GBP | |||
| 10p ordinary | CFD | Increasing Short | 88,004 | 3.6003 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 156,613 | 3.6217 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 320,197 | 3.6262 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 419,278 | 3.6000 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,015,811 | 3.6339 GBP | |||
| 10p ordinary | SWAP | Opening Long | 63,839 | 3.6294 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: | 10 May 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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