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
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MORE
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Rule 8.3 of the Takeover Code
(the "Code")
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1.
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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
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|
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positions disclosed, if different from 1(a):
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(c)
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Name of offeror/offeree in relation to whose
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DS
SMITH PLC
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relevant securities this form relates:
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(d)
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If
an exempt fund manager connected with an
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|
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offeror/offeree, state this and specify identity
of
|
|
offeror/offeree:
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(e)
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Date position held/dealing undertaken:
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21
May 2024
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(f)
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In
addition to the company in 1(c) above, is the discloser
making
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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
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to
which the disclosure relates following the dealing(if
any)
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Class of relevant security:
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10p
ordinary
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Interests
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Short
Positions
|
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Number
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(%)
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Number
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(%)
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(1)
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Relevant securities owned
|
|
|
|
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and/or controlled:
|
|
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26,900,392
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1.95%
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19,338,458
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1.40%
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(2)
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Cash-settled derivatives:
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|
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|
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and/or controlled:
|
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8,162,376
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0.59%
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25,377,579
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1.84%
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(3)
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Stock-settled derivatives (including
options)
|
|
|
|
|
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and
agreements to purchase/sell:
|
|
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0
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0.00%
|
0
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0.00%
|
|
|
|
|
|
|
|
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TOTAL:
|
|
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35,062,768
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2.54%
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44,716,037
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3.24%
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(b)
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Rights to subscribe for new securities (including directors
and other executive
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|
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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.
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DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL
TRADER
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(a)
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Purchases and sales
|
|
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|
|
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Class of
relevant
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Purchase/sale
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Number of
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Price per
unit
|
security
|
|
securities
|
|
10p
ordinary
|
Purchase
|
552,677
|
3.6826 GBP
|
10p
ordinary
|
Purchase
|
527,150
|
3.6750 GBP
|
10p
ordinary
|
Purchase
|
249,206
|
3.6888 GBP
|
10p
ordinary
|
Purchase
|
206,663
|
3.6718 GBP
|
10p
ordinary
|
Purchase
|
186,673
|
3.6825 GBP
|
10p
ordinary
|
Purchase
|
158,720
|
3.6874 GBP
|
10p
ordinary
|
Purchase
|
117,815
|
3.6740 GBP
|
10p
ordinary
|
Purchase
|
107,044
|
3.6846 GBP
|
10p
ordinary
|
Purchase
|
100,000
|
3.6749 GBP
|
10p
ordinary
|
Purchase
|
92,039
|
3.6837 GBP
|
10p
ordinary
|
Purchase
|
85,889
|
3.6720 GBP
|
10p
ordinary
|
Purchase
|
68,850
|
3.7570 GBP
|
10p
ordinary
|
Purchase
|
32,565
|
3.6823 GBP
|
10p
ordinary
|
Purchase
|
30,122
|
3.6844 GBP
|
10p
ordinary
|
Purchase
|
23,926
|
3.6851 GBP
|
10p
ordinary
|
Purchase
|
16,536
|
3.6780 GBP
|
10p
ordinary
|
Purchase
|
12,633
|
3.6824 GBP
|
10p
ordinary
|
Purchase
|
11,072
|
3.6792 GBP
|
10p
ordinary
|
Purchase
|
9,086
|
3.6746 GBP
|
10p
ordinary
|
Purchase
|
8,112
|
3.6806 GBP
|
10p
ordinary
|
Purchase
|
7,063
|
3.6809 GBP
|
10p
ordinary
|
Purchase
|
6,551
|
3.6786 GBP
|
10p
ordinary
|
Purchase
|
4,619
|
3.6859 GBP
|
10p
ordinary
|
Purchase
|
3,983
|
3.6758 GBP
|
10p
ordinary
|
Purchase
|
3,095
|
3.6766 GBP
|
10p
ordinary
|
Purchase
|
2,722
|
3.6890 GBP
|
10p
ordinary
|
Purchase
|
2,510
|
3.6849 GBP
|
10p
ordinary
|
Purchase
|
2,088
|
3.6781 GBP
|
10p
ordinary
|
Purchase
|
1,651
|
3.6840 GBP
|
10p
ordinary
|
Purchase
|
1,335
|
3.6951 GBP
|
10p
ordinary
|
Purchase
|
1,307
|
3.6920 GBP
|
10p
ordinary
|
Purchase
|
1,212
|
3.6820 GBP
|
10p
ordinary
|
Purchase
|
1,027
|
3.7020 GBP
|
10p
ordinary
|
Purchase
|
898
|
3.6600 GBP
|
10p
ordinary
|
Purchase
|
311
|
3.6814 GBP
|
10p
ordinary
|
Purchase
|
156
|
3.6940 GBP
|
10p
ordinary
|
Purchase
|
16
|
3.6709 GBP
|
10p
ordinary
|
Sale
|
439,930
|
3.6720 GBP
|
10p
ordinary
|
Sale
|
250,827
|
3.6749 GBP
|
10p
ordinary
|
Sale
|
185,868
|
3.6733 GBP
|
10p
ordinary
|
Sale
|
127,090
|
3.6772 GBP
|
10p
ordinary
|
Sale
|
95,894
|
3.6890 GBP
|
10p
ordinary
|
Sale
|
40,755
|
3.6849 GBP
|
10p
ordinary
|
Sale
|
37,849
|
3.6889 GBP
|
10p
ordinary
|
Sale
|
33,426
|
3.6941 GBP
|
10p
ordinary
|
Sale
|
32,629
|
3.6861 GBP
|
10p
ordinary
|
Sale
|
25,558
|
3.6700 GBP
|
10p
ordinary
|
Sale
|
25,362
|
3.6884 GBP
|
10p
ordinary
|
Sale
|
13,148
|
3.6887 GBP
|
10p
ordinary
|
Sale
|
5,950
|
3.6793 GBP
|
10p
ordinary
|
Sale
|
4,665
|
3.6883 GBP
|
10p
ordinary
|
Sale
|
3,803
|
3.6936 GBP
|
10p
ordinary
|
Sale
|
3,137
|
3.6847 GBP
|
10p
ordinary
|
Sale
|
2,956
|
3.6920 GBP
|
10p
ordinary
|
Sale
|
2,621
|
3.6825 GBP
|
10p
ordinary
|
Sale
|
2,500
|
3.6786 GBP
|
10p
ordinary
|
Sale
|
2,100
|
3.6800 GBP
|
10p
ordinary
|
Sale
|
1,894
|
3.6713 GBP
|
10p
ordinary
|
Sale
|
1,685
|
3.6898 GBP
|
10p
ordinary
|
Sale
|
1,665
|
3.6828 GBP
|
10p
ordinary
|
Sale
|
1,307
|
3.6921 GBP
|
10p
ordinary
|
Sale
|
1,212
|
3.6820 GBP
|
10p
ordinary
|
Sale
|
1,027
|
3.7020 GBP
|
10p
ordinary
|
Sale
|
921
|
3.6791 GBP
|
10p
ordinary
|
Sale
|
880
|
3.6780 GBP
|
10p
ordinary
|
Sale
|
713
|
3.6840 GBP
|
10p
ordinary
|
Sale
|
525
|
3.6680 GBP
|
10p
ordinary
|
Sale
|
524
|
3.6773 GBP
|
10p
ordinary
|
Sale
|
379
|
3.6860 GBP
|
10p
ordinary
|
Sale
|
95
|
3.6830 GBP
|
10p
ordinary
|
Sale
|
39
|
3.6709 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
|
Closing
Short
|
6,791
|
3.6720 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
156
|
3.6940 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
92,039
|
3.6837 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
10
|
3.7140 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
524
|
3.6773 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,803
|
3.6937 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
14,795
|
3.6851 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
40,755
|
3.6849 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
64,770
|
3.6812 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
84,462
|
3.6719 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
127,090
|
3.6772 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
261,443
|
3.6720 GBP
|
10p
ordinary
|
SWAP
|
Increasing Long
|
921
|
3.6791 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
138
|
3.6720 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
473
|
3.6920 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
1,212
|
3.6819 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,335
|
3.6951 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,619
|
3.6859 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
30,187
|
3.6728 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
70,444
|
3.6837 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
97,890
|
3.6844 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
100,000
|
3.6749 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
158,720
|
3.6874 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
186,673
|
3.6825 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
360,639
|
3.6720 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
552,677
|
3.6826 GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
13,317
|
3.6818 GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
211,000
|
3.6789 GBP
|
|
|
|
|
|
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(c)
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Stock-settled derivative transactions (including
options)
|
|
(i)
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Writing, selling, purchasing or varying
|
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Class
|
Product
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Writing,
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Number
|
Exercise
|
Type
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Expiry
|
Option
|
of
|
description
|
purchasing,
|
of
|
price
|
|
date
|
money
|
relevant
|
|
selling,
|
securities
|
per unit
|
|
|
paid/
|
security
|
|
varying etc
|
to which
|
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|
received
|
|
|
|
option
|
|
|
|
per unit
|
|
|
|
relates
|
|
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(ii)
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Exercising
|
|
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|
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Class of
relevant
|
Product
description
|
Exercising/ exercised
against
|
Number of
|
Exercise price
per
|
security
|
|
|
securities
|
unit
|
|
|
|
|
|
|
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(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:
|
|
|
|
|
|
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NONE
|
(c)
|
Attachments
|
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|
Is
a Supplemental Form 8 (Open Positions) attached?
|
NO
|
Date of disclosure:
|
22 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
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