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FORM 8.3
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE
BY
|
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A
PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%
OR
|
|
MORE
|
|
Rule 8.3 of the Takeover Code
(the "Code")
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1.
|
KEY
INFORMATION
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(a)
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Full name of discloser:
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Barclays PLC.
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(b)
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Owner or controller of interest and short
|
|
|
|
positions disclosed, if different from 1(a):
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(c)
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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
|
|
|
|
offeror/offeree, state this and specify identity
of
|
|
|
offeror/offeree:
|
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(e)
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Date position held/dealing undertaken:
|
27
Dec 2024
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|
(f)
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In
addition to the company in 1(c) above, is the discloser
making
|
YES:
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|
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|
|
disclosures in respect of any other party to the
offer?
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INTERNATIONAL PAPER COMPANY
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2.
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POSITIONS OF THE PERSON MAKING THE DISCLOSURE
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|
(a)
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Interests and short positions in the relevant securities of
the offeror or offeree
|
|
|
|
to
which the disclosure relates following the dealing(if
any)
|
|
|
Class of relevant security:
|
10p
ordinary
|
|
|
Interests
|
Short
Positions
|
|
|
Number
|
(%)
|
Number
|
(%)
|
|
(1)
|
Relevant securities owned
|
|
|
|
|
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and/or controlled:
|
|
|
33,131,635
|
2.40%
|
16,707,606
|
1.21%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
|
|
12,888,857
|
0.93%
|
31,694,132
|
2.30%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
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and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
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0.00%
|
|
|
|
|
|
|
|
|
|
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TOTAL:
|
|
|
46,020,492
|
3.33%
|
48,401,738
|
3.51%
|
|
(b)
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Rights to subscribe for new securities (including directors
and other executive
|
|
|
|
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.
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DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL
TRADER
|
|
(a)
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Purchases and sales
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|
|
|
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Class of
relevant
|
Purchase/sale
|
Number of
|
Price per
unit
|
|
security
|
|
securities
|
|
|
10p
ordinary
|
Purchase
|
340,911
|
5.4274 GBP
|
|
10p
ordinary
|
Purchase
|
165,489
|
5.4250 GBP
|
|
10p
ordinary
|
Purchase
|
89,860
|
5.4856 GBP
|
|
10p
ordinary
|
Purchase
|
43,447
|
5.4942 GBP
|
|
10p
ordinary
|
Purchase
|
30,214
|
5.4578 GBP
|
|
10p
ordinary
|
Purchase
|
28,918
|
5.4673 GBP
|
|
10p
ordinary
|
Purchase
|
17,170
|
5.4854 GBP
|
|
10p
ordinary
|
Purchase
|
15,201
|
5.4835 GBP
|
|
10p
ordinary
|
Purchase
|
15,013
|
5.4859 GBP
|
|
10p
ordinary
|
Purchase
|
13,406
|
5.4721 GBP
|
|
10p
ordinary
|
Purchase
|
13,350
|
5.4917 GBP
|
|
10p
ordinary
|
Purchase
|
13,038
|
5.4959 GBP
|
|
10p
ordinary
|
Purchase
|
11,575
|
5.4986 GBP
|
|
10p
ordinary
|
Purchase
|
10,175
|
5.4886 GBP
|
|
10p
ordinary
|
Purchase
|
6,930
|
5.4904 GBP
|
|
10p
ordinary
|
Purchase
|
6,057
|
5.5158 GBP
|
|
10p
ordinary
|
Purchase
|
4,989
|
5.4700 GBP
|
|
10p
ordinary
|
Purchase
|
4,889
|
5.4880 GBP
|
|
10p
ordinary
|
Purchase
|
4,518
|
5.4397 GBP
|
|
10p
ordinary
|
Purchase
|
4,188
|
5.4750 GBP
|
|
10p
ordinary
|
Purchase
|
3,722
|
5.5062 GBP
|
|
10p
ordinary
|
Purchase
|
3,488
|
5.4981 GBP
|
|
10p
ordinary
|
Purchase
|
2,982
|
5.4950 GBP
|
|
10p
ordinary
|
Purchase
|
2,648
|
5.4922 GBP
|
|
10p
ordinary
|
Purchase
|
2,448
|
5.5121 GBP
|
|
10p
ordinary
|
Purchase
|
2,291
|
5.4845 GBP
|
|
10p
ordinary
|
Purchase
|
1,981
|
5.4475 GBP
|
|
10p
ordinary
|
Purchase
|
1,861
|
5.4500 GBP
|
|
10p
ordinary
|
Purchase
|
1,780
|
5.5400 GBP
|
|
10p
ordinary
|
Purchase
|
1,744
|
5.4550 GBP
|
|
10p
ordinary
|
Purchase
|
1,679
|
5.4807 GBP
|
|
10p
ordinary
|
Purchase
|
1,643
|
5.5030 GBP
|
|
10p
ordinary
|
Purchase
|
1,578
|
5.5050 GBP
|
|
10p
ordinary
|
Purchase
|
1,401
|
5.4504 GBP
|
|
10p
ordinary
|
Purchase
|
1,241
|
5.5000 GBP
|
|
10p
ordinary
|
Purchase
|
1,176
|
5.5300 GBP
|
|
10p
ordinary
|
Purchase
|
1,171
|
5.4850 GBP
|
|
10p
ordinary
|
Purchase
|
1,068
|
5.5450 GBP
|
|
10p
ordinary
|
Purchase
|
947
|
5.4900 GBP
|
|
10p
ordinary
|
Purchase
|
612
|
5.5169 GBP
|
|
10p
ordinary
|
Purchase
|
603
|
5.4100 GBP
|
|
10p
ordinary
|
Purchase
|
586
|
5.4800 GBP
|
|
10p
ordinary
|
Purchase
|
524
|
5.4725 GBP
|
|
10p
ordinary
|
Purchase
|
374
|
5.5350 GBP
|
|
10p
ordinary
|
Sale
|
424,283
|
5.4250 GBP
|
|
10p
ordinary
|
Sale
|
199,841
|
5.4842 GBP
|
|
10p
ordinary
|
Sale
|
72,433
|
5.4331 GBP
|
|
10p
ordinary
|
Sale
|
69,268
|
5.4859 GBP
|
|
10p
ordinary
|
Sale
|
30,776
|
5.4744 GBP
|
|
10p
ordinary
|
Sale
|
23,020
|
5.4747 GBP
|
|
10p
ordinary
|
Sale
|
17,956
|
5.4752 GBP
|
|
10p
ordinary
|
Sale
|
16,316
|
5.4992 GBP
|
|
10p
ordinary
|
Sale
|
15,524
|
5.4778 GBP
|
|
10p
ordinary
|
Sale
|
15,248
|
5.4775 GBP
|
|
10p
ordinary
|
Sale
|
13,708
|
5.4849 GBP
|
|
10p
ordinary
|
Sale
|
12,477
|
5.4931 GBP
|
|
10p
ordinary
|
Sale
|
11,575
|
5.4991 GBP
|
|
10p
ordinary
|
Sale
|
7,004
|
5.4906 GBP
|
|
10p
ordinary
|
Sale
|
6,393
|
5.4722 GBP
|
|
10p
ordinary
|
Sale
|
6,057
|
5.5164 GBP
|
|
10p
ordinary
|
Sale
|
5,748
|
5.4942 GBP
|
|
10p
ordinary
|
Sale
|
5,614
|
5.4700 GBP
|
|
10p
ordinary
|
Sale
|
5,477
|
5.5058 GBP
|
|
10p
ordinary
|
Sale
|
4,188
|
5.4750 GBP
|
|
10p
ordinary
|
Sale
|
3,529
|
5.4950 GBP
|
|
10p
ordinary
|
Sale
|
3,409
|
5.5157 GBP
|
|
10p
ordinary
|
Sale
|
3,234
|
5.4707 GBP
|
|
10p
ordinary
|
Sale
|
3,011
|
5.5062 GBP
|
|
10p
ordinary
|
Sale
|
2,291
|
5.4851 GBP
|
|
10p
ordinary
|
Sale
|
1,861
|
5.4500 GBP
|
|
10p
ordinary
|
Sale
|
1,780
|
5.5400 GBP
|
|
10p
ordinary
|
Sale
|
1,744
|
5.4550 GBP
|
|
10p
ordinary
|
Sale
|
1,644
|
5.4531 GBP
|
|
10p
ordinary
|
Sale
|
1,611
|
5.4772 GBP
|
|
10p
ordinary
|
Sale
|
1,578
|
5.5055 GBP
|
|
10p
ordinary
|
Sale
|
1,553
|
5.4913 GBP
|
|
10p
ordinary
|
Sale
|
1,459
|
5.4150 GBP
|
|
10p
ordinary
|
Sale
|
1,402
|
5.4927 GBP
|
|
10p
ordinary
|
Sale
|
1,241
|
5.5000 GBP
|
|
10p
ordinary
|
Sale
|
1,171
|
5.4850 GBP
|
|
10p
ordinary
|
Sale
|
1,105
|
5.5123 GBP
|
|
10p
ordinary
|
Sale
|
1,068
|
5.5450 GBP
|
|
10p
ordinary
|
Sale
|
1,018
|
5.5208 GBP
|
|
10p
ordinary
|
Sale
|
918
|
5.4100 GBP
|
|
10p
ordinary
|
Sale
|
885
|
5.5300 GBP
|
|
10p
ordinary
|
Sale
|
755
|
5.4499 GBP
|
|
10p
ordinary
|
Sale
|
586
|
5.4800 GBP
|
|
10p
ordinary
|
Sale
|
582
|
5.4900 GBP
|
|
10p
ordinary
|
Sale
|
530
|
5.4450 GBP
|
|
10p
ordinary
|
Sale
|
433
|
5.5005 GBP
|
|
10p
ordinary
|
Sale
|
388
|
5.5175 GBP
|
|
10p
ordinary
|
Sale
|
126
|
5.5050 GBP
|
|
10p
ordinary
|
Sale
|
112
|
5.5150 GBP
|
|
10p
ordinary
|
Sale
|
21
|
5.5350 GBP
|
|
10p
ordinary
|
Sale
|
1
|
5.4756 GBP
|
|
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
|
|
Class of
|
Product
|
Nature of
dealing
|
Number of
|
Price per
|
|
relevant
|
description
|
|
reference
|
unit
|
|
security
|
|
|
securities
|
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
39,639
|
5.4898 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
264,076
|
5.4250 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
6,129
|
5.4300 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
11,225
|
5.4485 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
755
|
5.4499 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
24,534
|
5.4532 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,117
|
5.4700 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
13,187
|
5.4737 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
17,956
|
5.4752 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
10,380
|
5.4770 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
69,268
|
5.4859 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
16,316
|
5.4992 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,018
|
5.5208 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
96,432
|
5.4250 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
45,004
|
5.4259 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,365
|
5.4432 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
945
|
5.4478 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,401
|
5.4504 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
30,214
|
5.4578 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,643
|
5.5030 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
3,722
|
5.5062 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
1,516
|
5.4250 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
13
|
5.4253 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,940
|
5.4700 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
400
|
5.5150 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,148
|
5.5245 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
98,368
|
5.4250 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
13
|
5.4253 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
400
|
5.5150 GBP
|
|
|
|
|
|
|
|
|
|
|
(c)
|
Stock-settled derivative transactions (including
options)
|
|
|
(i)
|
Writing, selling, purchasing or varying
|
|
|
Class
|
Product
|
Writing,
|
Number
|
Exercise
|
Type
|
Expiry
|
Option
|
|
of
|
description
|
purchasing,
|
of
|
price
|
|
date
|
money
|
|
relevant
|
|
selling,
|
securities
|
per unit
|
|
|
paid/
|
|
security
|
|
varying etc
|
to which
|
|
|
|
received
|
|
|
|
|
option
|
|
|
|
per unit
|
|
|
|
|
relates
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Exercising
|
|
|
|
|
|
|
|
Class of
relevant
|
Product
description
|
Exercising/ exercised
against
|
Number of
|
Exercise price
per
|
|
security
|
|
|
securities
|
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other dealings (including subscribing for new
securities)
|
|
|
Class of
relevant
|
Nature of
Dealings
|
Details
|
Price per unit
(if
|
|
security
|
|
|
applicable)
|
|
|
|
|
|
|
4.
|
OTHER
INFORMATION
|
|
(a)
|
Indemnity and other dealings arrangements
|
|
|
Details of any indemnity or option arrangement, or any
agreement or understanding,
|
|
|
|
formal or informal, relating to relevant securities which may
be an inducement to deal
|
|
|
|
or
refrain from dealing entered into by the exempt principal trader
making the disclosure and any party
|
|
|
to
the offer or any person acting in concert with a party to the
offer:
|
|
|
|
|
NONE
|
|
(b)
|
Agreements, arrangements or understandings relating to options
or derivatives
|
|
|
Details of any agreement, arrangement or understanding, formal
or informal, between
|
|
|
|
the
person making the disclosure and any other person relating
to:
|
|
|
|
(i) the voting rights of any relevant securities under
any option; or
|
|
|
|
|
(ii) the voting rights of future acquisition or disposal of
any relevant securities to which
|
|
|
|
any
derivative is referenced:
|
|
|
|
|
|
|
|
NONE
|
|
(c)
|
Attachments
|
|
|
|
|
|
|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
NO
|
|
Date of disclosure:
|
30 Dec 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
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|
