| 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: | 01 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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| 21,980,171 | 1.59% | 7,919,087 | 0.57% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 8,658,945 | 0.63% | 21,496,645 | 1.56% |
| (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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| 30,639,116 | 2.22% | 29,415,732 | 2.13% |
| (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 |
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| 10p ordinary | Purchase | 251,405 | 3.5420 GBP | ||||
| 10p ordinary | Purchase | 51,212 | 3.4686 GBP | ||||
| 10p ordinary | Purchase | 46,733 | 3.5418 GBP | ||||
| 10p ordinary | Purchase | 38,254 | 3.4865 GBP | ||||
| 10p ordinary | Purchase | 29,519 | 3.5090 GBP | ||||
| 10p ordinary | Purchase | 22,156 | 3.5018 GBP | ||||
| 10p ordinary | Purchase | 13,478 | 3.5104 GBP | ||||
| 10p ordinary | Purchase | 10,565 | 3.4805 GBP | ||||
| 10p ordinary | Purchase | 5,285 | 3.5232 GBP | ||||
| 10p ordinary | Purchase | 4,051 | 3.4831 GBP | ||||
| 10p ordinary | Purchase | 2,706 | 3.5060 GBP | ||||
| 10p ordinary | Purchase | 823 | 3.5140 GBP | ||||
| 10p ordinary | Purchase | 576 | 3.4983 GBP | ||||
| 10p ordinary | Purchase | 230 | 3.5116 GBP | ||||
| 10p ordinary | Purchase | 112 | 3.4780 GBP | ||||
| 10p ordinary | Purchase | 100 | 3.5110 GBP | ||||
| 10p ordinary | Sale | 212,145 | 3.5411 GBP | ||||
| 10p ordinary | Sale | 80,982 | 3.5347 GBP | ||||
| 10p ordinary | Sale | 66,524 | 3.5121 GBP | ||||
| 10p ordinary | Sale | 29,818 | 3.5232 GBP | ||||
| 10p ordinary | Sale | 28,714 | 3.5420 GBP | ||||
| 10p ordinary | Sale | 23,264 | 3.5400 GBP | ||||
| 10p ordinary | Sale | 14,094 | 3.5047 GBP | ||||
| 10p ordinary | Sale | 11,627 | 3.4957 GBP | ||||
| 10p ordinary | Sale | 11,458 | 3.5264 GBP | ||||
| 10p ordinary | Sale | 6,361 | 3.5184 GBP | ||||
| 10p ordinary | Sale | 5,823 | 3.5472 GBP | ||||
| 10p ordinary | Sale | 3,903 | 3.4801 GBP | ||||
| 10p ordinary | Sale | 3,456 | 3.5017 GBP | ||||
| 10p ordinary | Sale | 2,938 | 3.5176 GBP | ||||
| 10p ordinary | Sale | 2,607 | 3.4656 GBP | ||||
| 10p ordinary | Sale | 2,552 | 3.5004 GBP | ||||
| 10p ordinary | Sale | 2,365 | 3.5145 GBP | ||||
| 10p ordinary | Sale | 2,230 | 3.4872 GBP | ||||
| 10p ordinary | Sale | 2,108 | 3.5034 GBP | ||||
| 10p ordinary | Sale | 1,716 | 3.5161 GBP | ||||
| 10p ordinary | Sale | 1,673 | 3.5281 GBP | ||||
| 10p ordinary | Sale | 1,524 | 3.5180 GBP | ||||
| 10p ordinary | Sale | 1,141 | 3.5320 GBP | ||||
| 10p ordinary | Sale | 729 | 3.5135 GBP | ||||
| 10p ordinary | Sale | 576 | 3.4986 GBP | ||||
| 10p ordinary | Sale | 320 | 3.5040 GBP | ||||
| 10p ordinary | Sale | 112 | 3.4780 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 | 100 | 3.5110 GBP | |||
| 10p ordinary | SWAP | Decreasing Long | 38,254 | 3.4865 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 112 | 3.4780 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 234 | 3.5419 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 508 | 3.4980 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 1,524 | 3.5176 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,673 | 3.5281 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 5,853 | 3.5248 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 10,254 | 3.5420 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 11,458 | 3.5264 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 20,000 | 3.5417 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 20,475 | 3.5179 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,618 | 3.5243 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 66,524 | 3.5121 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 121,994 | 3.5420 GBP | |||
| 10p ordinary | SWAP | Increasing Long | 5,823 | 3.5472 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 37 | 3.4780 GBP | |||
| 10p ordinary | CFD | Increasing Short | 234 | 3.5419 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 823 | 3.5140 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,697 | 3.5420 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,285 | 3.5232 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 10,079 | 3.4871 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 10,565 | 3.4805 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 18,834 | 3.5063 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 29,519 | 3.5090 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 51,212 | 3.4686 GBP | |||
| 10p ordinary | CFD | Increasing Short | 129,018 | 3.5420 GBP | |||
| 10p ordinary | SWAP | Opening Long | 72,154 | 3.5094 GBP | |||
| 10p ordinary | SWAP | Opening Short | 230 | 3.5116 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: | 02 May 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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