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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
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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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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
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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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offeror/offeree, state this and specify identity of
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offeror/offeree:
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(e)
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Date position held/dealing undertaken:
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25 Apr 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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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:
|
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
|
|
|
|
|
|
|
and/or controlled:
|
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|
19,171,903
|
1.39%
|
7,838,989
|
0.57%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
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|
7,679,926
|
0.56%
|
18,455,158
|
1.34%
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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
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
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TOTAL:
|
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26,851,829
|
1.95%
|
26,294,147
|
1.91%
|
|
(b)
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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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|
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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)
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Purchases and sales
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|
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|
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Class of relevant
|
Purchase/sale
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Number of
|
Price per unit
|
|
security
|
|
securities
|
|
|
10p ordinary
|
Purchase
|
4,326,821
|
3.3982 GBP
|
|
10p ordinary
|
Purchase
|
1,149,289
|
3.4000 GBP
|
|
10p ordinary
|
Purchase
|
637,441
|
3.3720 GBP
|
|
10p ordinary
|
Purchase
|
504,233
|
3.3991 GBP
|
|
10p ordinary
|
Purchase
|
316,315
|
3.3781 GBP
|
|
10p ordinary
|
Purchase
|
285,777
|
3.3863 GBP
|
|
10p ordinary
|
Purchase
|
236,472
|
3.3999 GBP
|
|
10p ordinary
|
Purchase
|
224,009
|
3.3095 GBP
|
|
10p ordinary
|
Purchase
|
197,101
|
3.3935 GBP
|
|
10p ordinary
|
Purchase
|
191,759
|
4.2772 GBP
|
|
10p ordinary
|
Purchase
|
152,100
|
3.4216 GBP
|
|
10p ordinary
|
Purchase
|
136,426
|
3.3481 GBP
|
|
10p ordinary
|
Purchase
|
124,922
|
3.4037 GBP
|
|
10p ordinary
|
Purchase
|
116,343
|
3.3638 GBP
|
|
10p ordinary
|
Purchase
|
102,425
|
3.4544 GBP
|
|
10p ordinary
|
Purchase
|
90,558
|
3.4020 GBP
|
|
10p ordinary
|
Purchase
|
75,671
|
3.4054 GBP
|
|
10p ordinary
|
Purchase
|
75,103
|
3.3814 GBP
|
|
10p ordinary
|
Purchase
|
56,092
|
3.3981 GBP
|
|
10p ordinary
|
Purchase
|
54,615
|
3.3853 GBP
|
|
10p ordinary
|
Purchase
|
48,453
|
3.4181 GBP
|
|
10p ordinary
|
Purchase
|
31,567
|
3.3407 GBP
|
|
10p ordinary
|
Purchase
|
31,227
|
3.4071 GBP
|
|
10p ordinary
|
Purchase
|
29,560
|
3.4170 GBP
|
|
10p ordinary
|
Purchase
|
15,431
|
3.3829 GBP
|
|
10p ordinary
|
Purchase
|
15,360
|
3.3624 GBP
|
|
10p ordinary
|
Purchase
|
10,372
|
3.3784 GBP
|
|
10p ordinary
|
Purchase
|
10,040
|
3.3142 GBP
|
|
10p ordinary
|
Purchase
|
8,412
|
3.4180 GBP
|
|
10p ordinary
|
Purchase
|
7,176
|
3.3053 GBP
|
|
10p ordinary
|
Purchase
|
6,470
|
3.4173 GBP
|
|
10p ordinary
|
Purchase
|
5,782
|
3.4315 GBP
|
|
10p ordinary
|
Purchase
|
4,677
|
3.3600 GBP
|
|
10p ordinary
|
Purchase
|
2,869
|
3.2940 GBP
|
|
10p ordinary
|
Purchase
|
2,790
|
3.4477 GBP
|
|
10p ordinary
|
Purchase
|
2,465
|
3.3470 GBP
|
|
10p ordinary
|
Purchase
|
2,377
|
3.3220 GBP
|
|
10p ordinary
|
Purchase
|
2,343
|
3.3660 GBP
|
|
10p ordinary
|
Purchase
|
2,295
|
3.3526 GBP
|
|
10p ordinary
|
Purchase
|
2,112
|
3.4027 GBP
|
|
10p ordinary
|
Purchase
|
1,976
|
3.4540 GBP
|
|
10p ordinary
|
Purchase
|
1,909
|
3.3670 GBP
|
|
10p ordinary
|
Purchase
|
1,662
|
3.4340 GBP
|
|
10p ordinary
|
Purchase
|
1,562
|
3.2900 GBP
|
|
10p ordinary
|
Purchase
|
1,556
|
3.3140 GBP
|
|
10p ordinary
|
Purchase
|
1,386
|
3.2830 GBP
|
|
10p ordinary
|
Purchase
|
1,346
|
3.3120 GBP
|
|
10p ordinary
|
Purchase
|
1,326
|
3.3290 GBP
|
|
10p ordinary
|
Purchase
|
1,232
|
3.3240 GBP
|
|
10p ordinary
|
Purchase
|
1,174
|
3.3020 GBP
|
|
10p ordinary
|
Purchase
|
1,099
|
3.3210 GBP
|
|
10p ordinary
|
Purchase
|
1,097
|
3.4500 GBP
|
|
10p ordinary
|
Purchase
|
1,059
|
3.4580 GBP
|
|
10p ordinary
|
Purchase
|
1,022
|
3.3500 GBP
|
|
10p ordinary
|
Purchase
|
981
|
3.2930 GBP
|
|
10p ordinary
|
Purchase
|
943
|
3.4240 GBP
|
|
10p ordinary
|
Purchase
|
793
|
3.3260 GBP
|
|
10p ordinary
|
Purchase
|
788
|
3.3960 GBP
|
|
10p ordinary
|
Purchase
|
787
|
3.3180 GBP
|
|
10p ordinary
|
Purchase
|
676
|
3.2980 GBP
|
|
10p ordinary
|
Purchase
|
597
|
3.2860 GBP
|
|
10p ordinary
|
Purchase
|
518
|
3.3620 GBP
|
|
10p ordinary
|
Purchase
|
343
|
3.3460 GBP
|
|
10p ordinary
|
Purchase
|
100
|
3.4005 GBP
|
|
10p ordinary
|
Sale
|
1,117,386
|
3.4000 GBP
|
|
10p ordinary
|
Sale
|
669,437
|
3.3969 GBP
|
|
10p ordinary
|
Sale
|
559,421
|
3.4122 GBP
|
|
10p ordinary
|
Sale
|
366,544
|
3.3472 GBP
|
|
10p ordinary
|
Sale
|
276,513
|
3.3825 GBP
|
|
10p ordinary
|
Sale
|
275,302
|
3.4192 GBP
|
|
10p ordinary
|
Sale
|
251,774
|
3.3683 GBP
|
|
10p ordinary
|
Sale
|
236,088
|
3.3716 GBP
|
|
10p ordinary
|
Sale
|
191,759
|
4.2772 GBP
|
|
10p ordinary
|
Sale
|
154,228
|
3.3374 GBP
|
|
10p ordinary
|
Sale
|
153,808
|
3.4300 GBP
|
|
10p ordinary
|
Sale
|
86,054
|
3.3423 GBP
|
|
10p ordinary
|
Sale
|
81,307
|
3.3981 GBP
|
|
10p ordinary
|
Sale
|
80,372
|
3.3569 GBP
|
|
10p ordinary
|
Sale
|
69,437
|
3.3968 GBP
|
|
10p ordinary
|
Sale
|
49,177
|
3.4353 GBP
|
|
10p ordinary
|
Sale
|
46,833
|
3.4191 GBP
|
|
10p ordinary
|
Sale
|
41,231
|
3.3613 GBP
|
|
10p ordinary
|
Sale
|
31,002
|
3.3156 GBP
|
|
10p ordinary
|
Sale
|
30,392
|
3.3728 GBP
|
|
10p ordinary
|
Sale
|
26,295
|
3.4034 GBP
|
|
10p ordinary
|
Sale
|
26,137
|
3.3534 GBP
|
|
10p ordinary
|
Sale
|
25,118
|
3.4292 GBP
|
|
10p ordinary
|
Sale
|
23,684
|
3.2983 GBP
|
|
10p ordinary
|
Sale
|
19,027
|
3.3412 GBP
|
|
10p ordinary
|
Sale
|
18,061
|
3.3694 GBP
|
|
10p ordinary
|
Sale
|
17,191
|
3.3198 GBP
|
|
10p ordinary
|
Sale
|
15,979
|
3.4387 GBP
|
|
10p ordinary
|
Sale
|
14,454
|
3.4021 GBP
|
|
10p ordinary
|
Sale
|
13,904
|
3.4174 GBP
|
|
10p ordinary
|
Sale
|
11,674
|
3.3364 GBP
|
|
10p ordinary
|
Sale
|
9,347
|
3.3430 GBP
|
|
10p ordinary
|
Sale
|
6,903
|
3.3061 GBP
|
|
10p ordinary
|
Sale
|
6,016
|
3.3603 GBP
|
|
10p ordinary
|
Sale
|
4,677
|
3.3600 GBP
|
|
10p ordinary
|
Sale
|
2,869
|
3.2940 GBP
|
|
10p ordinary
|
Sale
|
2,465
|
3.3470 GBP
|
|
10p ordinary
|
Sale
|
2,377
|
3.3220 GBP
|
|
10p ordinary
|
Sale
|
2,370
|
3.2880 GBP
|
|
10p ordinary
|
Sale
|
2,343
|
3.3660 GBP
|
|
10p ordinary
|
Sale
|
1,976
|
3.4540 GBP
|
|
10p ordinary
|
Sale
|
1,748
|
3.4152 GBP
|
|
10p ordinary
|
Sale
|
1,562
|
3.2900 GBP
|
|
10p ordinary
|
Sale
|
1,556
|
3.3140 GBP
|
|
10p ordinary
|
Sale
|
1,386
|
3.2830 GBP
|
|
10p ordinary
|
Sale
|
1,346
|
3.3120 GBP
|
|
10p ordinary
|
Sale
|
1,326
|
3.3290 GBP
|
|
10p ordinary
|
Sale
|
1,321
|
3.4211 GBP
|
|
10p ordinary
|
Sale
|
1,232
|
3.3240 GBP
|
|
10p ordinary
|
Sale
|
1,099
|
3.3210 GBP
|
|
10p ordinary
|
Sale
|
1,059
|
3.4580 GBP
|
|
10p ordinary
|
Sale
|
1,022
|
3.3500 GBP
|
|
10p ordinary
|
Sale
|
981
|
3.2930 GBP
|
|
10p ordinary
|
Sale
|
943
|
3.4240 GBP
|
|
10p ordinary
|
Sale
|
795
|
3.3780 GBP
|
|
10p ordinary
|
Sale
|
793
|
3.3260 GBP
|
|
10p ordinary
|
Sale
|
788
|
3.3960 GBP
|
|
10p ordinary
|
Sale
|
787
|
3.4340 GBP
|
|
10p ordinary
|
Sale
|
787
|
3.3180 GBP
|
|
10p ordinary
|
Sale
|
676
|
3.2980 GBP
|
|
10p ordinary
|
Sale
|
597
|
3.2860 GBP
|
|
10p ordinary
|
Sale
|
518
|
3.3620 GBP
|
|
10p ordinary
|
Sale
|
343
|
3.3460 GBP
|
|
10p ordinary
|
Sale
|
272
|
3.3720 GBP
|
|
10p ordinary
|
Sale
|
2
|
3.4513 GBP
|
|
10p ordinary
|
Sale
|
1
|
3.4483 GBP
|
|
10p ordinary
|
Sale
|
26
|
3.3980 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
|
Decreasing Long
|
100
|
3.4005 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Long
|
6,700
|
3.3364 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Long
|
9,063
|
3.4209 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Long
|
27,646
|
3.4206 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Long
|
31,694
|
3.3454 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Long
|
116,343
|
3.3638 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
234
|
3.3020 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
795
|
3.3780 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
1,748
|
3.4152 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
1,785
|
3.3991 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
3,412
|
3.4269 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
5,316
|
3.3915 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
6,016
|
3.3603 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
9,347
|
3.3430 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
38,755
|
3.3960 GBP
|
|
10p ordinary
|
CFD
|
Decreasing Short
|
40,000
|
3.3652 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
49,177
|
3.4353 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
113,711
|
3.4210 GBP
|
|
10p ordinary
|
CFD
|
Decreasing Short
|
153,808
|
3.4300 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
276,513
|
3.3825 GBP
|
|
10p ordinary
|
SWAP
|
Decreasing Short
|
559,421
|
3.4122 GBP
|
|
10p ordinary
|
CFD
|
Decreasing Short
|
626,389
|
3.4000 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
34
|
3.3529 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
176
|
3.4141 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
576
|
3.3947 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
677
|
3.3513 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
1,321
|
3.4211 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
1,425
|
3.3724 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
6,225
|
3.3589 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
8,960
|
3.3530 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
11,706
|
3.3379 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
16,460
|
3.3686 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
17,191
|
3.3198 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
26,137
|
3.3534 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
41,231
|
3.3613 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
73,571
|
3.3565 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
141,845
|
3.3373 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Long
|
251,774
|
3.3683 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
50
|
3.4306 GBP
|
|
10p ordinary
|
CFD
|
Increasing Short
|
395
|
3.3264 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
468
|
3.3020 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
875
|
3.4340 GBP
|
|
10p ordinary
|
CFD
|
Increasing Short
|
1,611
|
3.4115 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
1,909
|
3.3670 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
2,110
|
3.3020 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
6,240
|
3.3058 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
10,372
|
3.3784 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
64,476
|
3.4086 GBP
|
|
10p ordinary
|
CFD
|
Increasing Short
|
65,360
|
3.4003 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
102,425
|
3.4544 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
140,942
|
3.4018 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
167,852
|
3.3936 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
193,048
|
3.4094 GBP
|
|
10p ordinary
|
CFD
|
Increasing Short
|
210,315
|
3.4070 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
285,777
|
3.3863 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
286,303
|
3.3970 GBP
|
|
10p ordinary
|
CFD
|
Increasing Short
|
293,687
|
3.4009 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
637,169
|
3.3720 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
733,388
|
3.4012 GBP
|
|
10p ordinary
|
CFD
|
Increasing Short
|
838,359
|
3.4000 GBP
|
|
10p ordinary
|
SWAP
|
Increasing Short
|
2,626,340
|
3.4000 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:
|
26 Apr 2024
|
|
Contact name:
|
Large Holdings Regulatory Operations
|
|
Telephone number:
|
020 3134 7213
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|