FORM 8.3
|
PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE
BY
|
A
PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%
OR
|
MORE
|
Rule 8.3 of the Takeover Code
(the "Code")
|
1.
|
KEY
INFORMATION
|
(a)
|
Full name of discloser:
|
|
Barclays PLC.
|
(b)
|
Owner or controller of interest and short
|
|
|
positions disclosed, if different from 1(a):
|
(c)
|
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:
|
(e)
|
Date position held/dealing undertaken:
|
03
Jan 2025
|
(f)
|
In
addition to the company in 1(c) above, is the discloser
making
|
YES:
|
|
|
|
disclosures in respect of any other party to the
offer?
|
INTERNATIONAL PAPER COMPANY
|
|
2.
|
POSITIONS OF THE PERSON MAKING THE DISCLOSURE
|
(a)
|
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
|
|
|
|
|
|
and/or controlled:
|
|
|
32,876,096
|
2.38%
|
16,159,905
|
1.17%
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
and/or controlled:
|
|
|
12,674,620
|
0.92%
|
31,552,075
|
2.29%
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
45,550,716
|
3.30%
|
47,711,980
|
3.46%
|
(b)
|
Rights to subscribe for new securities (including directors
and other executive
|
|
|
options)
|
|
|
|
|
|
|
Class of relevant security in relation to
|
|
|
|
|
which subscription right exists
|
|
|
|
|
Details, including nature of the rights
|
|
|
|
|
concerned and relevant percentages:
|
|
|
|
|
3.
|
DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL
TRADER
|
(a)
|
Purchases and sales
|
|
|
|
|
|
Class of
relevant
|
Purchase/sale
|
Number of
|
Price per
unit
|
security
|
|
securities
|
|
10p
ordinary
|
Purchase
|
407,265
|
5.4600 GBP
|
10p
ordinary
|
Purchase
|
42,523
|
5.4626 GBP
|
10p
ordinary
|
Purchase
|
38,716
|
5.4750 GBP
|
10p
ordinary
|
Purchase
|
19,761
|
5.4713 GBP
|
10p
ordinary
|
Purchase
|
17,888
|
5.4724 GBP
|
10p
ordinary
|
Purchase
|
17,267
|
5.4755 GBP
|
10p
ordinary
|
Purchase
|
13,937
|
5.4696 GBP
|
10p
ordinary
|
Purchase
|
11,337
|
5.4762 GBP
|
10p
ordinary
|
Purchase
|
10,093
|
5.4745 GBP
|
10p
ordinary
|
Purchase
|
9,088
|
5.4731 GBP
|
10p
ordinary
|
Purchase
|
5,403
|
5.4813 GBP
|
10p
ordinary
|
Purchase
|
5,108
|
5.4652 GBP
|
10p
ordinary
|
Purchase
|
4,582
|
5.4598 GBP
|
10p
ordinary
|
Purchase
|
4,552
|
5.4631 GBP
|
10p
ordinary
|
Purchase
|
4,513
|
5.4702 GBP
|
10p
ordinary
|
Purchase
|
3,259
|
5.4709 GBP
|
10p
ordinary
|
Purchase
|
3,243
|
5.4726 GBP
|
10p
ordinary
|
Purchase
|
3,010
|
5.4644 GBP
|
10p
ordinary
|
Purchase
|
2,872
|
5.4818 GBP
|
10p
ordinary
|
Purchase
|
2,446
|
5.4800 GBP
|
10p
ordinary
|
Purchase
|
2,344
|
5.4698 GBP
|
10p
ordinary
|
Purchase
|
1,911
|
5.4900 GBP
|
10p
ordinary
|
Purchase
|
1,781
|
5.4700 GBP
|
10p
ordinary
|
Purchase
|
1,690
|
5.4653 GBP
|
10p
ordinary
|
Purchase
|
1,332
|
5.4838 GBP
|
10p
ordinary
|
Purchase
|
1,294
|
5.4630 GBP
|
10p
ordinary
|
Purchase
|
1,257
|
5.4926 GBP
|
10p
ordinary
|
Purchase
|
625
|
5.4650 GBP
|
10p
ordinary
|
Purchase
|
578
|
5.4850 GBP
|
10p
ordinary
|
Purchase
|
519
|
5.4550 GBP
|
10p
ordinary
|
Purchase
|
469
|
5.4733 GBP
|
10p
ordinary
|
Purchase
|
243
|
5.5000 GBP
|
10p
ordinary
|
Purchase
|
185
|
5.4703 GBP
|
10p
ordinary
|
Purchase
|
94
|
5.4531 GBP
|
10p
ordinary
|
Sale
|
248,917
|
5.4605 GBP
|
10p
ordinary
|
Sale
|
136,917
|
5.4600 GBP
|
10p
ordinary
|
Sale
|
66,512
|
5.4677 GBP
|
10p
ordinary
|
Sale
|
47,755
|
5.4711 GBP
|
10p
ordinary
|
Sale
|
34,665
|
5.4653 GBP
|
10p
ordinary
|
Sale
|
29,649
|
5.4630 GBP
|
10p
ordinary
|
Sale
|
22,789
|
5.4651 GBP
|
10p
ordinary
|
Sale
|
20,424
|
5.4602 GBP
|
10p
ordinary
|
Sale
|
17,888
|
5.4729 GBP
|
10p
ordinary
|
Sale
|
6,091
|
5.4724 GBP
|
10p
ordinary
|
Sale
|
5,403
|
5.4818 GBP
|
10p
ordinary
|
Sale
|
2,785
|
5.4750 GBP
|
10p
ordinary
|
Sale
|
2,344
|
5.4703 GBP
|
10p
ordinary
|
Sale
|
2,183
|
5.4702 GBP
|
10p
ordinary
|
Sale
|
1,952
|
5.4751 GBP
|
10p
ordinary
|
Sale
|
1,870
|
5.4800 GBP
|
10p
ordinary
|
Sale
|
1,781
|
5.4700 GBP
|
10p
ordinary
|
Sale
|
1,550
|
5.4900 GBP
|
10p
ordinary
|
Sale
|
707
|
5.4650 GBP
|
10p
ordinary
|
Sale
|
622
|
5.4559 GBP
|
10p
ordinary
|
Sale
|
578
|
5.4850 GBP
|
10p
ordinary
|
Sale
|
519
|
5.4550 GBP
|
10p
ordinary
|
Sale
|
313
|
5.4710 GBP
|
10p
ordinary
|
Sale
|
290
|
5.4599 GBP
|
10p
ordinary
|
Sale
|
262
|
5.4823 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
|
46,854
|
5.4721 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
4,298
|
5.4578 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
56,647
|
5.4600 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
16,700
|
5.4603 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
930
|
5.4609 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
29,649
|
5.4630 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
21,447
|
5.4636 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,175
|
5.4637 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
13,997
|
5.4655 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
66,512
|
5.4677 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
2,183
|
5.4702 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
6,091
|
5.4724 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,582
|
5.4598 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
939
|
5.4600 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
45,572
|
5.4686 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
3,243
|
5.4726 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
61
|
5.4750 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
11,337
|
5.4762 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,257
|
5.4927 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
313
|
5.4546 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
79,670
|
5.4600 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
172
|
5.4600 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
7,908
|
5.4804 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:
|
06 Jan 2025
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|