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
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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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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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03
Jun 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
|
|
Interests
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Short
Positions
|
|
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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30,120,213
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2.18%
|
24,705,565
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1.79%
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(2)
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Cash-settled derivatives:
|
|
|
|
|
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and/or controlled:
|
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7,827,601
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0.57%
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29,008,988
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2.10%
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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:
|
|
|
37,947,814
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2.75%
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53,714,553
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3.89%
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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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|
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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.
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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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Class of
relevant
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Purchase/sale
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Number of
|
Price per
unit
|
security
|
|
securities
|
|
10p
ordinary
|
Purchase
|
491,972
|
3.8243 GBP
|
10p
ordinary
|
Purchase
|
436,926
|
3.8240 GBP
|
10p
ordinary
|
Purchase
|
309,649
|
3.8263 GBP
|
10p
ordinary
|
Purchase
|
70,300
|
3.8234 GBP
|
10p
ordinary
|
Purchase
|
37,861
|
3.8343 GBP
|
10p
ordinary
|
Purchase
|
30,578
|
3.8378 GBP
|
10p
ordinary
|
Purchase
|
15,890
|
3.8500 GBP
|
10p
ordinary
|
Purchase
|
13,341
|
3.8348 GBP
|
10p
ordinary
|
Purchase
|
11,775
|
3.8406 GBP
|
10p
ordinary
|
Purchase
|
7,370
|
3.8290 GBP
|
10p
ordinary
|
Purchase
|
6,031
|
3.8448 GBP
|
10p
ordinary
|
Purchase
|
5,384
|
3.8449 GBP
|
10p
ordinary
|
Purchase
|
3,396
|
3.8480 GBP
|
10p
ordinary
|
Purchase
|
3,143
|
3.8536 GBP
|
10p
ordinary
|
Purchase
|
3,086
|
3.8486 GBP
|
10p
ordinary
|
Purchase
|
2,594
|
3.8423 GBP
|
10p
ordinary
|
Purchase
|
2,414
|
3.8458 GBP
|
10p
ordinary
|
Purchase
|
1,730
|
3.8258 GBP
|
10p
ordinary
|
Purchase
|
1,511
|
3.8860 GBP
|
10p
ordinary
|
Purchase
|
1,327
|
3.8160 GBP
|
10p
ordinary
|
Purchase
|
1,135
|
3.8344 GBP
|
10p
ordinary
|
Purchase
|
992
|
3.8494 GBP
|
10p
ordinary
|
Purchase
|
957
|
3.8382 GBP
|
10p
ordinary
|
Purchase
|
928
|
3.8399 GBP
|
10p
ordinary
|
Purchase
|
761
|
3.8000 GBP
|
10p
ordinary
|
Purchase
|
750
|
3.8478 GBP
|
10p
ordinary
|
Purchase
|
671
|
3.8320 GBP
|
10p
ordinary
|
Purchase
|
602
|
3.8483 GBP
|
10p
ordinary
|
Purchase
|
449
|
3.8427 GBP
|
10p
ordinary
|
Purchase
|
288
|
3.8210 GBP
|
10p
ordinary
|
Purchase
|
119
|
3.8241 GBP
|
10p
ordinary
|
Purchase
|
11
|
3.8456 GBP
|
10p
ordinary
|
Purchase
|
9
|
3.8229 GBP
|
10p
ordinary
|
Purchase
|
3
|
3.8360 GBP
|
10p
ordinary
|
Purchase
|
1
|
3.8336 GBP
|
10p
ordinary
|
Sale
|
5,700,075
|
3.8860 GBP
|
10p
ordinary
|
Sale
|
418,972
|
3.8240 GBP
|
10p
ordinary
|
Sale
|
124,498
|
3.8285 GBP
|
10p
ordinary
|
Sale
|
103,880
|
3.8279 GBP
|
10p
ordinary
|
Sale
|
74,874
|
3.8376 GBP
|
10p
ordinary
|
Sale
|
50,836
|
3.8480 GBP
|
10p
ordinary
|
Sale
|
44,697
|
3.8040 GBP
|
10p
ordinary
|
Sale
|
36,278
|
3.8348 GBP
|
10p
ordinary
|
Sale
|
35,329
|
3.8386 GBP
|
10p
ordinary
|
Sale
|
16,863
|
3.8383 GBP
|
10p
ordinary
|
Sale
|
13,701
|
3.8311 GBP
|
10p
ordinary
|
Sale
|
9,526
|
3.8278 GBP
|
10p
ordinary
|
Sale
|
5,702
|
3.8351 GBP
|
10p
ordinary
|
Sale
|
5,685
|
3.8416 GBP
|
10p
ordinary
|
Sale
|
4,607
|
3.8500 GBP
|
10p
ordinary
|
Sale
|
3,680
|
3.8088 GBP
|
10p
ordinary
|
Sale
|
3,505
|
3.8478 GBP
|
10p
ordinary
|
Sale
|
2,868
|
3.8380 GBP
|
10p
ordinary
|
Sale
|
2,294
|
3.8368 GBP
|
10p
ordinary
|
Sale
|
2,189
|
3.8540 GBP
|
10p
ordinary
|
Sale
|
1,727
|
3.8308 GBP
|
10p
ordinary
|
Sale
|
1,603
|
3.8350 GBP
|
10p
ordinary
|
Sale
|
761
|
3.8000 GBP
|
10p
ordinary
|
Sale
|
5
|
3.8200 GBP
|
10p
ordinary
|
Sale
|
5
|
3.8360 GBP
|
10p
ordinary
|
Sale
|
1
|
3.8340 GBP
|
10p
ordinary
|
Sale
|
57,015
|
3.8229 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
|
1
|
3.8363 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
119
|
3.8240 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
288
|
3.8210 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
449
|
3.8427 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
602
|
3.8483 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
928
|
3.8399 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
957
|
3.8382 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
1,135
|
3.8344 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
1,761
|
3.8480 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
34
|
3.8502 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
194
|
3.8860 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
569
|
3.8200 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
1,511
|
3.8860 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
1,663
|
3.8194 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
2,704
|
3.8240 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,930
|
3.8240 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,505
|
3.8478 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
4,762
|
3.8454 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
5,685
|
3.8416 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
36,278
|
3.8348 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
44,697
|
3.8040 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
74,874
|
3.8376 GBP
|
10p
ordinary
|
SWAP
|
Increasing Long
|
1,162
|
3.8233 GBP
|
10p
ordinary
|
SWAP
|
Increasing Long
|
1,727
|
3.8308 GBP
|
10p
ordinary
|
SWAP
|
Increasing Long
|
35,329
|
3.8386 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
569
|
3.8200 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
992
|
3.8494 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
2,930
|
3.8240 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
5,384
|
3.8449 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
11,775
|
3.8406 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
12,785
|
3.8373 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
30,386
|
3.8240 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
37,861
|
3.8343 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
44,577
|
3.8240 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
124,716
|
3.8243 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
269,111
|
3.8239 GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
237,000
|
3.8312 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
|
|
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
|
|
|
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|
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|
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(ii)
|
Exercising
|
|
|
|
|
|
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Class of
relevant
|
Product
description
|
Exercising/ exercised
against
|
Number of
|
Exercise price
per
|
security
|
|
|
securities
|
unit
|
|
|
|
|
|
|
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|
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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:
|
04 Jun 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
|
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