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
positions disclosed, if different from 1(a):
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(c)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
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DS SMITH PLC
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(d)
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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:
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29 Jul 2024
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(f)
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In addition to the company in 1(c) above, is the discloser making
disclosures in respect of any other party to the offer?
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YES:
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)
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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) Relevant securities owned and/or controlled:
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33,951,304
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2.46%
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32,612,145
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2.36%
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(2) Cash-settled derivatives:
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12,208,890
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0.88%
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33,539,677
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2.43%
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(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
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0
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0.00%
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0
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0.00%
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TOTAL:
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46,160,194
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3.34%
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66,151,822
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4.79%
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(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
which subscription right exists
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Details, including nature of the rights
concerned and relevant percentages:
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3.
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DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
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(a)
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Purchase and sales
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Class of relevant
security
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Purchase/sale
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Number of
securities
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Price per unit
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10p ordinary
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Purchase
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348,470
|
4.5720 GBP
|
10p ordinary
|
Purchase
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285,442
|
4.5600 GBP
|
10p ordinary
|
Purchase
|
204,058
|
4.5610 GBP
|
10p ordinary
|
Purchase
|
153,880
|
4.5767 GBP
|
10p ordinary
|
Purchase
|
51,718
|
4.5711 GBP
|
10p ordinary
|
Purchase
|
46,608
|
4.5699 GBP
|
10p ordinary
|
Purchase
|
30,385
|
4.5649 GBP
|
10p ordinary
|
Purchase
|
30,142
|
4.5841 GBP
|
10p ordinary
|
Purchase
|
27,832
|
4.5754 GBP
|
10p ordinary
|
Purchase
|
27,589
|
4.5777 GBP
|
10p ordinary
|
Purchase
|
9,894
|
4.5758 GBP
|
10p ordinary
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Purchase
|
4,854
|
4.5743 GBP
|
10p ordinary
|
Purchase
|
3,747
|
4.5835 GBP
|
10p ordinary
|
Purchase
|
3,519
|
4.5755 GBP
|
10p ordinary
|
Purchase
|
2,843
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4.5960 GBP
|
10p ordinary
|
Purchase
|
2,757
|
4.5821 GBP
|
10p ordinary
|
Purchase
|
2,123
|
4.5820 GBP
|
10p ordinary
|
Purchase
|
1,925
|
4.5802 GBP
|
10p ordinary
|
Purchase
|
1,821
|
4.5769 GBP
|
10p ordinary
|
Purchase
|
1,792
|
4.5805 GBP
|
10p ordinary
|
Purchase
|
1,591
|
4.5811 GBP
|
10p ordinary
|
Purchase
|
1,589
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4.5787 GBP
|
10p ordinary
|
Purchase
|
1,511
|
4.5801 GBP
|
10p ordinary
|
Purchase
|
1,497
|
4.5690 GBP
|
10p ordinary
|
Purchase
|
1,012
|
4.5780 GBP
|
10p ordinary
|
Purchase
|
706
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4.5740 GBP
|
10p ordinary
|
Purchase
|
702
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4.5800 GBP
|
10p ordinary
|
Purchase
|
256
|
4.5710 GBP
|
10p ordinary
|
Purchase
|
214
|
4.5760 GBP
|
10p ordinary
|
Purchase
|
162
|
4.5660 GBP
|
10p ordinary
|
Sale
|
148,910
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4.5600 GBP
|
10p ordinary
|
Sale
|
115,552
|
4.5631 GBP
|
10p ordinary
|
Sale
|
73,395
|
4.5733 GBP
|
10p ordinary
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Sale
|
59,952
|
4.5845 GBP
|
10p ordinary
|
Sale
|
46,461
|
4.5687 GBP
|
10p ordinary
|
Sale
|
33,955
|
4.5720 GBP
|
10p ordinary
|
Sale
|
30,385
|
4.5649 GBP
|
10p ordinary
|
Sale
|
21,145
|
4.5591 GBP
|
10p ordinary
|
Sale
|
17,668
|
4.5760 GBP
|
10p ordinary
|
Sale
|
14,890
|
4.5752 GBP
|
10p ordinary
|
Sale
|
13,969
|
4.6347 GBP
|
10p ordinary
|
Sale
|
13,459
|
4.5763 GBP
|
10p ordinary
|
Sale
|
12,615
|
4.5616 GBP
|
10p ordinary
|
Sale
|
9,891
|
4.5761 GBP
|
10p ordinary
|
Sale
|
7,983
|
4.5801 GBP
|
10p ordinary
|
Sale
|
7,406
|
4.5806 GBP
|
10p ordinary
|
Sale
|
7,328
|
4.5780 GBP
|
10p ordinary
|
Sale
|
4,854
|
4.5743 GBP
|
10p ordinary
|
Sale
|
4,264
|
4.5750 GBP
|
10p ordinary
|
Sale
|
4,150
|
4.5685 GBP
|
10p ordinary
|
Sale
|
4,081
|
4.5742 GBP
|
10p ordinary
|
Sale
|
3,668
|
4.5744 GBP
|
10p ordinary
|
Sale
|
2,938
|
4.5800 GBP
|
10p ordinary
|
Sale
|
1,789
|
4.5805 GBP
|
10p ordinary
|
Sale
|
1,726
|
4.5870 GBP
|
10p ordinary
|
Sale
|
1,504
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4.5880 GBP
|
10p ordinary
|
Sale
|
1,498
|
4.5740 GBP
|
10p ordinary
|
Sale
|
1,248
|
4.5680 GBP
|
10p ordinary
|
Sale
|
962
|
4.5732 GBP
|
10p ordinary
|
Sale
|
632
|
4.5900 GBP
|
10p ordinary
|
Sale
|
264
|
4.5726 GBP
|
10p ordinary
|
Sale
|
51
|
4.5940 GBP
|
10p ordinary
|
Sale
|
23
|
4.5819 GBP
|
(b)
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Cash-settled derivative transactions
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Class of
relevant
security
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Product description
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Nature of dealing
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Number of
reference
securities
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Price per
unit
|
10p ordinary
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CFD
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Decreasing Short
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2,426
|
4.5600 GBP
|
10p ordinary
|
CFD
|
Decreasing Short
|
6,031
|
4.5743 GBP
|
10p ordinary
|
CFD
|
Increasing Short
|
247,521
|
4.5600 GBP
|
10p ordinary
|
CFD
|
Increasing Short
|
50,000
|
4.5709 GBP
|
10p ordinary
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SWAP
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Closing Long
|
649
|
4.5673 GBP
|
10p ordinary
|
SWAP
|
Opening Long
|
56,561
|
4.5600 GBP
|
10p ordinary
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SWAP
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Increasing Long
|
2
|
4.5700 GBP
|
10p ordinary
|
SWAP
|
Increasing Long
|
18,326
|
4.5813 GBP
|
10p ordinary
|
SWAP
|
Increasing Long
|
13,969
|
4.6347 GBP
|
10p ordinary
|
SWAP
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Decreasing Long
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74,886
|
4.5614 GBP
|
10p ordinary
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SWAP
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Closing Long
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3
|
4.5833 GBP
|
10p ordinary
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SWAP
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Increasing Long
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21,145
|
4.5590 GBP
|
10p ordinary
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SWAP
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Increasing Short
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3,553
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4.5777 GBP
|
10p ordinary
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SWAP
|
Increasing Short
|
63
|
4.5777 GBP
|
10p ordinary
|
SWAP
|
Decreasing Short
|
27,009
|
4.5600 GBP
|
10p ordinary
|
SWAP
|
Decreasing Short
|
239
|
4.5780 GBP
|
10p ordinary
|
SWAP
|
Decreasing Short
|
1,726
|
4.5870 GBP
|
10p ordinary
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SWAP
|
Decreasing Short
|
1,674
|
4.5880 GBP
|
10p ordinary
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SWAP
|
Increasing Short
|
25,359
|
4.5605 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
27,832
|
4.5754 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
153,880
|
4.5767 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
20,359
|
4.5771 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
1,925
|
4.5802 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
1,591
|
4.5811 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
3,391
|
4.5860 GBP
|
10p ordinary
|
SWAP
|
Increasing Long
|
23
|
4.5819 GBP
|
10p ordinary
|
SWAP
|
Decreasing Long
|
30,142
|
4.5841 GBP
|
10p ordinary
|
SWAP
|
Decreasing Long
|
2,464
|
4.5951 GBP
|
10p ordinary
|
SWAP
|
Decreasing Long
|
379
|
4.6020 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
16,133
|
4.5600 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
51,718
|
4.5711 GBP
|
10p ordinary
|
SWAP
|
Increasing Short
|
12,664
|
4.5762 GBP
|
1.7p ordinary
|
SWAP
|
Increasing Long
|
75,000
|
4.5733 GBP
|
|
|
|
|
|
|
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(c)
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Stock-settled derivative transactions
(including options)
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(i)
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Writing, selling, purchasing or varying
|
Class
of
relevant
security
|
Product
description
|
Writing,
purchasing,
selling,
varying etc
|
Number
of
securities
to which
option
relates
|
Exercise
price
per unit
|
Type
|
Expiry
date
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Option
money
paid/
received
per unit
|
|
|
|
|
|
|
|
|
|
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|
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(ii)
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Exercising
|
|
|
|
|
|
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Class of relevant
security
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Product description
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Exercising/ exercised against
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Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
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(d)
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Other dealings (including subscribing for
new securities)
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Class of relevant
security
|
Nature of Dealings
|
Details
|
Price per unit (if
applicable)
|
|
|
|
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4.
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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 person making the disclosure and any party
to the offer or any person acting in concert with a party to the offer:
|
NONE
|
(b)
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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
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(c)
|
Attachments
|
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Is a Supplemental Form 8 (Open Positions) attached?
|
NO
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Date of disclosure:
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30 Jul 2024
|
Contact name:
|
Large Holdings Regulatory Operations
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Telephone number:
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020 3134 7213
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