| 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 Oct 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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| 33,888,661 | 2.45% | 30,759,773 | 2.23% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 11,208,085 | 0.81% | 32,453,313 | 2.35% |
| (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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| 45,096,746 | 3.27% | 63,213,086 | 4.58% |
| (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 | 268,851 | 4.6500 GBP | ||||
| 10p ordinary | Purchase | 129,684 | 4.6453 GBP | ||||
| 10p ordinary | Purchase | 73,924 | 4.6300 GBP | ||||
| 10p ordinary | Purchase | 49,901 | 4.6117 GBP | ||||
| 10p ordinary | Purchase | 33,623 | 4.6357 GBP | ||||
| 10p ordinary | Purchase | 32,984 | 4.6456 GBP | ||||
| 10p ordinary | Purchase | 6,776 | 4.6133 GBP | ||||
| 10p ordinary | Purchase | 6,414 | 4.6088 GBP | ||||
| 10p ordinary | Purchase | 6,241 | 4.6205 GBP | ||||
| 10p ordinary | Purchase | 6,170 | 4.6087 GBP | ||||
| 10p ordinary | Purchase | 5,363 | 4.6161 GBP | ||||
| 10p ordinary | Purchase | 2,982 | 4.5961 GBP | ||||
| 10p ordinary | Purchase | 2,921 | 4.6169 GBP | ||||
| 10p ordinary | Purchase | 2,500 | 4.6079 GBP | ||||
| 10p ordinary | Purchase | 2,202 | 4.6259 GBP | ||||
| 10p ordinary | Purchase | 1,965 | 4.6030 GBP | ||||
| 10p ordinary | Purchase | 1,855 | 4.6020 GBP | ||||
| 10p ordinary | Purchase | 1,484 | 4.6000 GBP | ||||
| 10p ordinary | Purchase | 1,447 | 4.6152 GBP | ||||
| 10p ordinary | Purchase | 1,354 | 4.6215 GBP | ||||
| 10p ordinary | Purchase | 1,080 | 4.5904 GBP | ||||
| 10p ordinary | Purchase | 662 | 4.6230 GBP | ||||
| 10p ordinary | Purchase | 621 | 4.6031 GBP | ||||
| 10p ordinary | Purchase | 561 | 4.5990 GBP | ||||
| 10p ordinary | Purchase | 494 | 4.6040 GBP | ||||
| 10p ordinary | Purchase | 418 | 4.6090 GBP | ||||
| 10p ordinary | Purchase | 359 | 4.6080 GBP | ||||
| 10p ordinary | Purchase | 290 | 4.5912 GBP | ||||
| 10p ordinary | Purchase | 81 | 4.5720 GBP | ||||
| 10p ordinary | Purchase | 51 | 4.6147 GBP | ||||
| 10p ordinary | Purchase | 13 | 4.6210 GBP | ||||
| 10p ordinary | Purchase | 2 | 4.6450 GBP | ||||
| 10p ordinary | Purchase | 2 | 4.6520 GBP | ||||
| 10p ordinary | Purchase | 1 | 4.6518 GBP | ||||
| 10p ordinary | Sale | 85,344 | 4.6357 GBP | ||||
| 10p ordinary | Sale | 63,689 | 4.6436 GBP | ||||
| 10p ordinary | Sale | 53,794 | 4.6418 GBP | ||||
| 10p ordinary | Sale | 30,380 | 4.6502 GBP | ||||
| 10p ordinary | Sale | 30,260 | 4.6434 GBP | ||||
| 10p ordinary | Sale | 23,897 | 4.6421 GBP | ||||
| 10p ordinary | Sale | 22,513 | 4.6490 GBP | ||||
| 10p ordinary | Sale | 20,357 | 4.6402 GBP | ||||
| 10p ordinary | Sale | 18,525 | 4.6100 GBP | ||||
| 10p ordinary | Sale | 17,342 | 4.6500 GBP | ||||
| 10p ordinary | Sale | 13,848 | 4.6419 GBP | ||||
| 10p ordinary | Sale | 13,635 | 4.6417 GBP | ||||
| 10p ordinary | Sale | 11,182 | 4.6284 GBP | ||||
| 10p ordinary | Sale | 10,540 | 4.6266 GBP | ||||
| 10p ordinary | Sale | 9,053 | 4.5952 GBP | ||||
| 10p ordinary | Sale | 5,363 | 4.6166 GBP | ||||
| 10p ordinary | Sale | 4,190 | 4.6194 GBP | ||||
| 10p ordinary | Sale | 3,153 | 4.6064 GBP | ||||
| 10p ordinary | Sale | 3,062 | 4.6297 GBP | ||||
| 10p ordinary | Sale | 2,921 | 4.6174 GBP | ||||
| 10p ordinary | Sale | 2,795 | 4.6462 GBP | ||||
| 10p ordinary | Sale | 2,236 | 4.6128 GBP | ||||
| 10p ordinary | Sale | 1,855 | 4.6020 GBP | ||||
| 10p ordinary | Sale | 1,652 | 4.6265 GBP | ||||
| 10p ordinary | Sale | 1,475 | 4.6139 GBP | ||||
| 10p ordinary | Sale | 1,447 | 4.6156 GBP | ||||
| 10p ordinary | Sale | 1,354 | 4.6219 GBP | ||||
| 10p ordinary | Sale | 702 | 4.6048 GBP | ||||
| 10p ordinary | Sale | 662 | 4.6230 GBP | ||||
| 10p ordinary | Sale | 662 | 4.6234 GBP | ||||
| 10p ordinary | Sale | 507 | 4.6280 GBP | ||||
| 10p ordinary | Sale | 237 | 4.6360 GBP | ||||
| 10p ordinary | Sale | 157 | 4.6125 GBP | ||||
| 10p ordinary | Sale | 2 | 4.6520 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 Short | 3,153 | 4.6064 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 2,236 | 4.6128 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 1,475 | 4.6139 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,994 | 4.6322 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 85,344 | 4.6357 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,357 | 4.6402 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 21,898 | 4.6409 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 15,244 | 4.6413 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 23,897 | 4.6421 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 206 | 4.6433 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 30,260 | 4.6434 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 13,299 | 4.6458 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 20,070 | 4.6475 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 22,513 | 4.6490 GBP | |||
| 10p ordinary | SWAP | Decreasing Short | 10,247 | 4.6500 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 242 | 4.6020 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 1,965 | 4.6030 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 621 | 4.6031 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 759 | 4.6057 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,414 | 4.6088 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 49,901 | 4.6117 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 5,024 | 4.6159 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 6,241 | 4.6204 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 33 | 4.6254 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 2,202 | 4.6259 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 17,165 | 4.6356 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 33,623 | 4.6357 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 113,269 | 4.6467 GBP | |||
| 10p ordinary | SWAP | Increasing Short | 253,719 | 4.6500 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 2,021 | 4.6188 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 799 | 4.6400 GBP | |||
| 10p ordinary | CFD | Decreasing Short | 13,485 | 4.6500 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,855 | 4.6020 GBP | |||
| 10p ordinary | CFD | Increasing Short | 1,917 | 4.6035 GBP | |||
| 10p ordinary | CFD | Increasing Short | 51 | 4.6147 GBP | |||
| 10p ordinary | CFD | Increasing Short | 799 | 4.6400 GBP | |||
| 10p ordinary | CFD | Increasing Short | 5 | 4.6500 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 Oct 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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