| 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: | 26 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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| 20,348,168 | 1.48% | 7,824,802 | 0.57% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 7,664,070 | 0.56% | 19,660,361 | 1.43% |
| (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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| 28,012,238 | 2.03% | 27,485,163 | 1.99% |
| (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 | 689,736 | 3.3979 GBP | ||||
| 10p ordinary | Purchase | 595,152 | 3.3942 GBP | ||||
| 10p ordinary | Purchase | 433,690 | 3.3872 GBP | ||||
| 10p ordinary | Purchase | 387,824 | 3.4000 GBP | ||||
| 10p ordinary | Purchase | 256,455 | 3.3963 GBP | ||||
| 10p ordinary | Purchase | 130,169 | 3.3790 GBP | ||||
| 10p ordinary | Purchase | 76,311 | 3.3858 GBP | ||||
| 10p ordinary | Purchase | 73,893 | 3.3929 GBP | ||||
| 10p ordinary | Purchase | 68,900 | 3.3861 GBP | ||||
| 10p ordinary | Purchase | 53,505 | 3.3848 GBP | ||||
| 10p ordinary | Purchase | 50,312 | 3.3996 GBP | ||||
| 10p ordinary | Purchase | 35,194 | 3.3969 GBP | ||||
| 10p ordinary | Purchase | 29,163 | 3.4003 GBP | ||||
| 10p ordinary | Purchase | 23,010 | 3.3859 GBP | ||||
| 10p ordinary | Purchase | 20,826 | 3.4052 GBP | ||||
| 10p ordinary | Purchase | 18,222 | 3.3782 GBP | ||||
| 10p ordinary | Purchase | 16,000 | 3.4029 GBP | ||||
| 10p ordinary | Purchase | 14,805 | 3.3999 GBP | ||||
| 10p ordinary | Purchase | 13,303 | 3.3886 GBP | ||||
| 10p ordinary | Purchase | 12,982 | 3.4056 GBP | ||||
| 10p ordinary | Purchase | 10,982 | 3.3774 GBP | ||||
| 10p ordinary | Purchase | 9,529 | 3.3755 GBP | ||||
| 10p ordinary | Purchase | 8,558 | 3.3880 GBP | ||||
| 10p ordinary | Purchase | 8,274 | 3.3730 GBP | ||||
| 10p ordinary | Purchase | 7,414 | 3.3765 GBP | ||||
| 10p ordinary | Purchase | 5,594 | 3.3907 GBP | ||||
| 10p ordinary | Purchase | 5,055 | 3.3737 GBP | ||||
| 10p ordinary | Purchase | 4,767 | 3.3743 GBP | ||||
| 10p ordinary | Purchase | 4,712 | 3.4081 GBP | ||||
| 10p ordinary | Purchase | 4,419 | 3.4062 GBP | ||||
| 10p ordinary | Purchase | 2,825 | 3.3947 GBP | ||||
| 10p ordinary | Purchase | 2,799 | 3.4006 GBP | ||||
| 10p ordinary | Purchase | 2,545 | 3.3720 GBP | ||||
| 10p ordinary | Purchase | 1,995 | 3.4060 GBP | ||||
| 10p ordinary | Purchase | 1,808 | 3.3680 GBP | ||||
| 10p ordinary | Purchase | 1,705 | 3.3740 GBP | ||||
| 10p ordinary | Purchase | 1,517 | 3.3960 GBP | ||||
| 10p ordinary | Purchase | 1,472 | 3.4040 GBP | ||||
| 10p ordinary | Purchase | 1,319 | 3.3640 GBP | ||||
| 10p ordinary | Purchase | 1,319 | 3.4048 GBP | ||||
| 10p ordinary | Purchase | 1,301 | 3.3898 GBP | ||||
| 10p ordinary | Purchase | 1,187 | 3.4210 GBP | ||||
| 10p ordinary | Purchase | 978 | 3.3620 GBP | ||||
| 10p ordinary | Purchase | 774 | 3.3700 GBP | ||||
| 10p ordinary | Purchase | 746 | 3.4005 GBP | ||||
| 10p ordinary | Purchase | 446 | 3.3780 GBP | ||||
| 10p ordinary | Purchase | 296 | 3.3980 GBP | ||||
| 10p ordinary | Sale | 343,078 | 3.3740 GBP | ||||
| 10p ordinary | Sale | 261,364 | 3.3896 GBP | ||||
| 10p ordinary | Sale | 260,468 | 3.3932 GBP | ||||
| 10p ordinary | Sale | 229,426 | 3.4000 GBP | ||||
| 10p ordinary | Sale | 162,137 | 3.3936 GBP | ||||
| 10p ordinary | Sale | 156,259 | 3.3825 GBP | ||||
| 10p ordinary | Sale | 108,947 | 3.4001 GBP | ||||
| 10p ordinary | Sale | 87,780 | 3.4031 GBP | ||||
| 10p ordinary | Sale | 69,918 | 3.4003 GBP | ||||
| 10p ordinary | Sale | 50,312 | 3.3996 GBP | ||||
| 10p ordinary | Sale | 48,406 | 3.3882 GBP | ||||
| 10p ordinary | Sale | 33,725 | 3.3917 GBP | ||||
| 10p ordinary | Sale | 26,900 | 3.3732 GBP | ||||
| 10p ordinary | Sale | 26,082 | 3.3933 GBP | ||||
| 10p ordinary | Sale | 6,654 | 3.3686 GBP | ||||
| 10p ordinary | Sale | 6,017 | 3.3738 GBP | ||||
| 10p ordinary | Sale | 5,587 | 3.4040 GBP | ||||
| 10p ordinary | Sale | 3,672 | 3.3852 GBP | ||||
| 10p ordinary | Sale | 2,545 | 3.3720 GBP | ||||
| 10p ordinary | Sale | 2,000 | 3.3660 GBP | ||||
| 10p ordinary | Sale | 1,995 | 3.4060 GBP | ||||
| 10p ordinary | Sale | 1,808 | 3.3680 GBP | ||||
| 10p ordinary | Sale | 1,517 | 3.3960 GBP | ||||
| 10p ordinary | Sale | 1,267 | 3.3734 GBP | ||||
| 10p ordinary | Sale | 1,261 | 3.4090 GBP | ||||
| 10p ordinary | Sale | 978 | 3.3620 GBP | ||||
| 10p ordinary | Sale | 774 | 3.3700 GBP | ||||
| 10p ordinary | Sale | 634 | 3.3820 GBP | ||||
| 10p ordinary | Sale | 586 | 3.3880 GBP | ||||
| 10p ordinary | Sale | 500 | 3.4100 GBP | ||||
| 10p ordinary | Sale | 446 | 3.3780 GBP | ||||
| 10p ordinary | Sale | 7 | 3.3980 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 | Decreasing Long | 394 | 3.3740 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 746 | 3.4005 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 1,272 | 3.3716 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,396 | 3.3735 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 2,799 | 3.4006 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 76,311 | 3.3858 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 8 | 3.3737 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 857 | 3.3763 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,322 | 3.3700 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,000 | 3.3660 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,139 | 3.3777 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 3,672 | 3.3852 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,057 | 3.3704 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 24,192 | 3.3805 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 27,106 | 3.4023 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 50,312 | 3.3996 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 87,780 | 3.4031 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 216,456 | 3.4000 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 276,045 | 3.3740 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 634 | 3.3820 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 2,100 | 3.3732 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 65,328 | 3.3740 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 830 | 3.3739 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,187 | 3.4210 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,319 | 3.4048 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,212 | 3.3730 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 4,419 | 3.4062 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,055 | 3.3737 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 10,982 | 3.3774 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 33,332 | 3.3920 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 48,997 | 3.3889 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 65,917 | 3.3832 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 73,452 | 3.3986 GBP | |||
| 10p ordinary | CFD | Increasing Short | 74,225 | 3.4051 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 76,083 | 3.3890 GBP | |||
| 10p ordinary | CFD | Increasing Short | 101,310 | 3.4049 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 172,729 | 3.3840 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 214,590 | 3.3999 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 254,368 | 3.4000 GBP | |||
| 10p ordinary | CFD | Increasing Short | 342,223 | 3.4000 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 416,919 | 3.3942 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: | 29 Apr 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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