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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 | |||||
| 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 | ||||||
| offeror/offeree: | ||||||
(e) | Date position held/dealing undertaken: | 23 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 | ||||||
| Interests | Short Positions | |||||
| Number | (%) | Number | (%) | |||
(1) | Relevant securities owned |
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| and/or controlled: |
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| 27,451,733 | 1.99% | 19,404,498 | 1.41% |
(2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 8,422,572 | 0.61% | 26,171,450 | 1.90% |
(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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| 35,874,305 | 2.60% | 45,575,948 | 3.30% |
(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 | 547,632 | 3.7725 GBP | ||||
10p ordinary | Purchase | 508,565 | 3.7640 GBP | ||||
10p ordinary | Purchase | 365,063 | 3.7754 GBP | ||||
10p ordinary | Purchase | 242,900 | 3.7784 GBP | ||||
10p ordinary | Purchase | 226,583 | 3.7750 GBP | ||||
10p ordinary | Purchase | 203,107 | 3.7818 GBP | ||||
10p ordinary | Purchase | 178,788 | 3.7766 GBP | ||||
10p ordinary | Purchase | 177,692 | 3.7660 GBP | ||||
10p ordinary | Purchase | 168,774 | 3.7762 GBP | ||||
10p ordinary | Purchase | 153,666 | 3.7817 GBP | ||||
10p ordinary | Purchase | 111,974 | 3.7699 GBP | ||||
10p ordinary | Purchase | 68,494 | 3.7924 GBP | ||||
10p ordinary | Purchase | 42,783 | 3.7862 GBP | ||||
10p ordinary | Purchase | 30,061 | 3.8006 GBP | ||||
10p ordinary | Purchase | 28,910 | 3.7803 GBP | ||||
10p ordinary | Purchase | 27,366 | 3.7770 GBP | ||||
10p ordinary | Purchase | 25,611 | 3.7824 GBP | ||||
10p ordinary | Purchase | 25,611 | 3.7822 GBP | ||||
10p ordinary | Purchase | 22,237 | 3.7769 GBP | ||||
10p ordinary | Purchase | 20,650 | 3.7804 GBP | ||||
10p ordinary | Purchase | 18,728 | 3.7800 GBP | ||||
10p ordinary | Purchase | 17,713 | 3.7953 GBP | ||||
10p ordinary | Purchase | 16,128 | 3.7765 GBP | ||||
10p ordinary | Purchase | 15,053 | 3.7899 GBP | ||||
10p ordinary | Purchase | 13,089 | 3.7700 GBP | ||||
10p ordinary | Purchase | 12,010 | 3.7690 GBP | ||||
10p ordinary | Purchase | 11,952 | 3.7860 GBP | ||||
10p ordinary | Purchase | 11,869 | 3.7794 GBP | ||||
10p ordinary | Purchase | 11,853 | 3.7788 GBP | ||||
10p ordinary | Purchase | 11,675 | 3.8018 GBP | ||||
10p ordinary | Purchase | 11,489 | 3.8000 GBP | ||||
10p ordinary | Purchase | 10,236 | 3.7820 GBP | ||||
10p ordinary | Purchase | 10,054 | 3.7780 GBP | ||||
10p ordinary | Purchase | 9,454 | 3.7740 GBP | ||||
10p ordinary | Purchase | 8,752 | 3.7758 GBP | ||||
10p ordinary | Purchase | 6,791 | 3.7854 GBP | ||||
10p ordinary | Purchase | 6,742 | 3.7723 GBP | ||||
10p ordinary | Purchase | 6,318 | 3.7783 GBP | ||||
10p ordinary | Purchase | 5,219 | 3.7814 GBP | ||||
10p ordinary | Purchase | 5,125 | 3.7747 GBP | ||||
10p ordinary | Purchase | 3,291 | 3.7948 GBP | ||||
10p ordinary | Purchase | 3,179 | 3.7811 GBP | ||||
10p ordinary | Purchase | 2,820 | 3.7749 GBP | ||||
10p ordinary | Purchase | 2,737 | 3.7760 GBP | ||||
10p ordinary | Purchase | 2,480 | 3.7812 GBP | ||||
10p ordinary | Purchase | 2,358 | 3.7613 GBP | ||||
10p ordinary | Purchase | 2,274 | 3.7810 GBP | ||||
10p ordinary | Purchase | 2,189 | 3.7901 GBP | ||||
10p ordinary | Purchase | 2,147 | 3.7680 GBP | ||||
10p ordinary | Purchase | 1,932 | 3.7960 GBP | ||||
10p ordinary | Purchase | 1,895 | 3.7720 GBP | ||||
10p ordinary | Purchase | 1,573 | 3.7746 GBP | ||||
10p ordinary | Purchase | 1,285 | 3.7980 GBP | ||||
10p ordinary | Purchase | 984 | 3.7990 GBP | ||||
10p ordinary | Purchase | 871 | 3.7790 GBP | ||||
10p ordinary | Purchase | 749 | 3.7807 GBP | ||||
10p ordinary | Purchase | 86 | 3.7813 GBP | ||||
10p ordinary | Purchase | 30 | 3.7801 GBP | ||||
10p ordinary | Sale | 504,695 | 3.7860 GBP | ||||
10p ordinary | Sale | 484,545 | 3.7777 GBP | ||||
10p ordinary | Sale | 382,012 | 3.7686 GBP | ||||
10p ordinary | Sale | 214,317 | 3.7769 GBP | ||||
10p ordinary | Sale | 155,164 | 3.7640 GBP | ||||
10p ordinary | Sale | 131,672 | 3.7757 GBP | ||||
10p ordinary | Sale | 108,178 | 3.7641 GBP | ||||
10p ordinary | Sale | 105,127 | 3.7714 GBP | ||||
10p ordinary | Sale | 102,755 | 3.7660 GBP | ||||
10p ordinary | Sale | 80,790 | 3.7762 GBP | ||||
10p ordinary | Sale | 68,856 | 3.7800 GBP | ||||
10p ordinary | Sale | 52,555 | 3.7688 GBP | ||||
10p ordinary | Sale | 51,201 | 3.7754 GBP | ||||
10p ordinary | Sale | 39,643 | 3.7780 GBP | ||||
10p ordinary | Sale | 34,045 | 3.7758 GBP | ||||
10p ordinary | Sale | 27,915 | 3.7763 GBP | ||||
10p ordinary | Sale | 25,238 | 3.7773 GBP | ||||
10p ordinary | Sale | 23,483 | 3.7755 GBP | ||||
10p ordinary | Sale | 22,397 | 3.7793 GBP | ||||
10p ordinary | Sale | 22,383 | 3.7740 GBP | ||||
10p ordinary | Sale | 19,682 | 3.7798 GBP | ||||
10p ordinary | Sale | 17,687 | 3.7795 GBP | ||||
10p ordinary | Sale | 17,562 | 3.7807 GBP | ||||
10p ordinary | Sale | 17,450 | 3.7682 GBP | ||||
10p ordinary | Sale | 17,225 | 3.7742 GBP | ||||
10p ordinary | Sale | 15,288 | 3.7746 GBP | ||||
10p ordinary | Sale | 13,435 | 3.7778 GBP | ||||
10p ordinary | Sale | 13,089 | 3.7700 GBP | ||||
10p ordinary | Sale | 12,834 | 3.7701 GBP | ||||
10p ordinary | Sale | 12,622 | 3.7723 GBP | ||||
10p ordinary | Sale | 9,339 | 3.8000 GBP | ||||
10p ordinary | Sale | 8,625 | 3.7729 GBP | ||||
10p ordinary | Sale | 6,861 | 3.7912 GBP | ||||
10p ordinary | Sale | 6,755 | 3.7771 GBP | ||||
10p ordinary | Sale | 6,696 | 3.7721 GBP | ||||
10p ordinary | Sale | 6,318 | 3.7787 GBP | ||||
10p ordinary | Sale | 6,161 | 3.7781 GBP | ||||
10p ordinary | Sale | 5,814 | 3.8028 GBP | ||||
10p ordinary | Sale | 5,756 | 3.7820 GBP | ||||
10p ordinary | Sale | 4,552 | 3.7741 GBP | ||||
10p ordinary | Sale | 3,578 | 3.7680 GBP | ||||
10p ordinary | Sale | 3,311 | 3.7760 GBP | ||||
10p ordinary | Sale | 3,027 | 3.7718 GBP | ||||
10p ordinary | Sale | 2,274 | 3.7810 GBP | ||||
10p ordinary | Sale | 2,089 | 3.7770 GBP | ||||
10p ordinary | Sale | 2,010 | 3.7699 GBP | ||||
10p ordinary | Sale | 1,959 | 3.7702 GBP | ||||
10p ordinary | Sale | 1,932 | 3.7960 GBP | ||||
10p ordinary | Sale | 1,895 | 3.7720 GBP | ||||
10p ordinary | Sale | 1,683 | 3.7832 GBP | ||||
10p ordinary | Sale | 1,570 | 3.7750 GBP | ||||
10p ordinary | Sale | 1,398 | 3.7862 GBP | ||||
10p ordinary | Sale | 1,285 | 3.7980 GBP | ||||
10p ordinary | Sale | 1,194 | 3.7788 GBP | ||||
10p ordinary | Sale | 984 | 3.7990 GBP | ||||
10p ordinary | Sale | 871 | 3.7790 GBP | ||||
10p ordinary | Sale | 625 | 3.7846 GBP | ||||
10p ordinary | Sale | 364 | 3.7890 GBP | ||||
10p ordinary | Sale | 313 | 3.7823 GBP | ||||
10p ordinary | Sale | 248 | 3.7613 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 | Decreasing Long | 30 | 3.7801 GBP | |||
10p ordinary | SWAP | Decreasing Long | 86 | 3.7814 GBP | |||
10p ordinary | SWAP | Decreasing Long | 244 | 3.7760 GBP | |||
10p ordinary | SWAP | Decreasing Long | 749 | 3.7807 GBP | |||
10p ordinary | SWAP | Decreasing Long | 937 | 3.7828 GBP | |||
10p ordinary | SWAP | Decreasing Long | 3,179 | 3.7811 GBP | |||
10p ordinary | SWAP | Decreasing Long | 11,348 | 3.7803 GBP | |||
10p ordinary | SWAP | Decreasing Long | 20,650 | 3.7804 GBP | |||
10p ordinary | SWAP | Decreasing Long | 28,938 | 3.7640 GBP | |||
10p ordinary | SWAP | Decreasing Short | 90 | 3.8000 GBP | |||
10p ordinary | SWAP | Decreasing Short | 266 | 3.7660 GBP | |||
10p ordinary | CFD | Decreasing Short | 328 | 3.7739 GBP | |||
10p ordinary | SWAP | Decreasing Short | 625 | 3.7846 GBP | |||
10p ordinary | SWAP | Decreasing Short | 1,194 | 3.7788 GBP | |||
10p ordinary | CFD | Decreasing Short | 37,588 | 3.7665 GBP | |||
10p ordinary | CFD | Decreasing Short | 54,897 | 3.7676 GBP | |||
10p ordinary | SWAP | Decreasing Short | 122,255 | 3.7655 GBP | |||
10p ordinary | CFD | Decreasing Short | 125,954 | 3.7639 GBP | |||
10p ordinary | SWAP | Decreasing Short | 214,317 | 3.7769 GBP | |||
10p ordinary | SWAP | Decreasing Short | 484,545 | 3.7777 GBP | |||
10p ordinary | SWAP | Increasing Long | 12,929 | 3.7740 GBP | |||
10p ordinary | CFD | Increasing Short | 131 | 3.7639 GBP | |||
10p ordinary | CFD | Increasing Short | 328 | 3.7739 GBP | |||
10p ordinary | SWAP | Increasing Short | 1,573 | 3.7746 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,189 | 3.7901 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,480 | 3.7812 GBP | |||
10p ordinary | SWAP | Increasing Short | 2,820 | 3.7749 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,125 | 3.7747 GBP | |||
10p ordinary | SWAP | Increasing Short | 5,219 | 3.7814 GBP | |||
10p ordinary | SWAP | Increasing Short | 6,676 | 3.7640 GBP | |||
10p ordinary | CFD | Increasing Short | 8,506 | 3.8000 GBP | |||
10p ordinary | SWAP | Increasing Short | 9,668 | 3.7790 GBP | |||
10p ordinary | SWAP | Increasing Short | 11,853 | 3.7788 GBP | |||
10p ordinary | SWAP | Increasing Short | 12,970 | 3.7736 GBP | |||
10p ordinary | SWAP | Increasing Short | 19,037 | 3.7640 GBP | |||
10p ordinary | CFD | Increasing Short | 31,020 | 3.7643 GBP | |||
10p ordinary | CFD | Increasing Short | 120,427 | 3.7640 GBP | |||
10p ordinary | SWAP | Increasing Short | 125,409 | 3.7752 GBP | |||
10p ordinary | SWAP | Increasing Short | 178,788 | 3.7766 GBP | |||
10p ordinary | SWAP | Increasing Short | 226,583 | 3.7750 GBP | |||
10p ordinary | SWAP | Increasing Short | 406,507 | 3.7733 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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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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(ii) | Exercising |
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Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security |
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| securities | unit | |||
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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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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: | 24 May 2024 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
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