|
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:
|
08
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:
|
|
|
32,435,387
|
2.35%
|
16,460,874
|
1.19%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
|
|
12,840,397
|
0.93%
|
31,025,315
|
2.25%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
45,275,784
|
3.28%
|
47,486,189
|
3.44%
|
|
(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
|
500,000
|
5.4727 GBP
|
|
10p
ordinary
|
Purchase
|
200,714
|
5.5215 GBP
|
|
10p
ordinary
|
Purchase
|
132,976
|
5.5174 GBP
|
|
10p
ordinary
|
Purchase
|
84,032
|
5.4892 GBP
|
|
10p
ordinary
|
Purchase
|
74,861
|
5.5400 GBP
|
|
10p
ordinary
|
Purchase
|
68,167
|
5.5160 GBP
|
|
10p
ordinary
|
Purchase
|
29,086
|
5.4914 GBP
|
|
10p
ordinary
|
Purchase
|
28,263
|
5.4777 GBP
|
|
10p
ordinary
|
Purchase
|
26,684
|
5.5020 GBP
|
|
10p
ordinary
|
Purchase
|
26,474
|
5.5089 GBP
|
|
10p
ordinary
|
Purchase
|
23,394
|
5.5365 GBP
|
|
10p
ordinary
|
Purchase
|
21,084
|
5.5366 GBP
|
|
10p
ordinary
|
Purchase
|
20,796
|
5.5047 GBP
|
|
10p
ordinary
|
Purchase
|
19,885
|
5.5036 GBP
|
|
10p
ordinary
|
Purchase
|
19,486
|
5.5227 GBP
|
|
10p
ordinary
|
Purchase
|
16,156
|
5.4741 GBP
|
|
10p
ordinary
|
Purchase
|
15,742
|
5.5002 GBP
|
|
10p
ordinary
|
Purchase
|
13,302
|
5.5076 GBP
|
|
10p
ordinary
|
Purchase
|
12,627
|
5.4852 GBP
|
|
10p
ordinary
|
Purchase
|
11,105
|
5.4842 GBP
|
|
10p
ordinary
|
Purchase
|
10,328
|
5.4795 GBP
|
|
10p
ordinary
|
Purchase
|
6,864
|
5.4846 GBP
|
|
10p
ordinary
|
Purchase
|
5,954
|
5.5135 GBP
|
|
10p
ordinary
|
Purchase
|
5,879
|
5.5230 GBP
|
|
10p
ordinary
|
Purchase
|
5,258
|
5.5267 GBP
|
|
10p
ordinary
|
Purchase
|
4,998
|
5.5261 GBP
|
|
10p
ordinary
|
Purchase
|
4,920
|
5.5241 GBP
|
|
10p
ordinary
|
Purchase
|
4,683
|
5.4979 GBP
|
|
10p
ordinary
|
Purchase
|
4,282
|
5.5074 GBP
|
|
10p
ordinary
|
Purchase
|
4,017
|
5.4673 GBP
|
|
10p
ordinary
|
Purchase
|
3,779
|
5.4570 GBP
|
|
10p
ordinary
|
Purchase
|
3,635
|
5.5200 GBP
|
|
10p
ordinary
|
Purchase
|
3,557
|
5.5350 GBP
|
|
10p
ordinary
|
Purchase
|
3,489
|
5.4863 GBP
|
|
10p
ordinary
|
Purchase
|
3,371
|
5.5450 GBP
|
|
10p
ordinary
|
Purchase
|
3,230
|
5.4600 GBP
|
|
10p
ordinary
|
Purchase
|
3,208
|
5.4841 GBP
|
|
10p
ordinary
|
Purchase
|
2,689
|
5.4750 GBP
|
|
10p
ordinary
|
Purchase
|
2,663
|
5.4736 GBP
|
|
10p
ordinary
|
Purchase
|
2,646
|
5.4650 GBP
|
|
10p
ordinary
|
Purchase
|
2,264
|
5.5150 GBP
|
|
10p
ordinary
|
Purchase
|
2,146
|
5.4811 GBP
|
|
10p
ordinary
|
Purchase
|
2,121
|
5.4967 GBP
|
|
10p
ordinary
|
Purchase
|
1,700
|
5.4800 GBP
|
|
10p
ordinary
|
Purchase
|
1,679
|
5.4700 GBP
|
|
10p
ordinary
|
Purchase
|
1,434
|
5.4706 GBP
|
|
10p
ordinary
|
Purchase
|
1,310
|
5.4679 GBP
|
|
10p
ordinary
|
Purchase
|
950
|
5.4975 GBP
|
|
10p
ordinary
|
Purchase
|
774
|
5.5300 GBP
|
|
10p
ordinary
|
Purchase
|
589
|
5.5013 GBP
|
|
10p
ordinary
|
Purchase
|
585
|
5.5375 GBP
|
|
10p
ordinary
|
Purchase
|
567
|
5.5050 GBP
|
|
10p
ordinary
|
Purchase
|
546
|
5.5325 GBP
|
|
10p
ordinary
|
Purchase
|
516
|
5.5000 GBP
|
|
10p
ordinary
|
Purchase
|
484
|
5.4651 GBP
|
|
10p
ordinary
|
Purchase
|
454
|
5.5100 GBP
|
|
10p
ordinary
|
Purchase
|
454
|
5.4550 GBP
|
|
10p
ordinary
|
Purchase
|
52
|
5.4500 GBP
|
|
10p
ordinary
|
Sale
|
395,210
|
5.5139 GBP
|
|
10p
ordinary
|
Sale
|
153,306
|
5.5245 GBP
|
|
10p
ordinary
|
Sale
|
133,812
|
5.4766 GBP
|
|
10p
ordinary
|
Sale
|
105,164
|
5.4955 GBP
|
|
10p
ordinary
|
Sale
|
82,150
|
5.5400 GBP
|
|
10p
ordinary
|
Sale
|
74,484
|
5.5312 GBP
|
|
10p
ordinary
|
Sale
|
67,087
|
5.5121 GBP
|
|
10p
ordinary
|
Sale
|
62,489
|
5.5004 GBP
|
|
10p
ordinary
|
Sale
|
41,553
|
5.4639 GBP
|
|
10p
ordinary
|
Sale
|
41,022
|
5.4940 GBP
|
|
10p
ordinary
|
Sale
|
39,412
|
5.5011 GBP
|
|
10p
ordinary
|
Sale
|
23,394
|
5.5366 GBP
|
|
10p
ordinary
|
Sale
|
12,854
|
5.4713 GBP
|
|
10p
ordinary
|
Sale
|
12,757
|
5.4641 GBP
|
|
10p
ordinary
|
Sale
|
12,201
|
5.5032 GBP
|
|
10p
ordinary
|
Sale
|
10,463
|
5.4874 GBP
|
|
10p
ordinary
|
Sale
|
9,210
|
5.4764 GBP
|
|
10p
ordinary
|
Sale
|
8,724
|
5.4877 GBP
|
|
10p
ordinary
|
Sale
|
7,696
|
5.4652 GBP
|
|
10p
ordinary
|
Sale
|
6,538
|
5.5007 GBP
|
|
10p
ordinary
|
Sale
|
5,751
|
5.5054 GBP
|
|
10p
ordinary
|
Sale
|
5,140
|
5.4979 GBP
|
|
10p
ordinary
|
Sale
|
5,068
|
5.5419 GBP
|
|
10p
ordinary
|
Sale
|
4,615
|
5.4873 GBP
|
|
10p
ordinary
|
Sale
|
4,498
|
5.5077 GBP
|
|
10p
ordinary
|
Sale
|
3,716
|
5.4722 GBP
|
|
10p
ordinary
|
Sale
|
3,635
|
5.5200 GBP
|
|
10p
ordinary
|
Sale
|
3,007
|
5.5143 GBP
|
|
10p
ordinary
|
Sale
|
2,962
|
5.5350 GBP
|
|
10p
ordinary
|
Sale
|
2,854
|
5.5150 GBP
|
|
10p
ordinary
|
Sale
|
2,689
|
5.4750 GBP
|
|
10p
ordinary
|
Sale
|
2,646
|
5.4650 GBP
|
|
10p
ordinary
|
Sale
|
2,574
|
5.5129 GBP
|
|
10p
ordinary
|
Sale
|
2,558
|
5.5052 GBP
|
|
10p
ordinary
|
Sale
|
2,292
|
5.5169 GBP
|
|
10p
ordinary
|
Sale
|
2,194
|
5.4700 GBP
|
|
10p
ordinary
|
Sale
|
2,010
|
5.4550 GBP
|
|
10p
ordinary
|
Sale
|
1,865
|
5.4986 GBP
|
|
10p
ordinary
|
Sale
|
1,719
|
5.4881 GBP
|
|
10p
ordinary
|
Sale
|
1,718
|
5.4600 GBP
|
|
10p
ordinary
|
Sale
|
1,700
|
5.4800 GBP
|
|
10p
ordinary
|
Sale
|
1,655
|
5.4966 GBP
|
|
10p
ordinary
|
Sale
|
1,389
|
5.4543 GBP
|
|
10p
ordinary
|
Sale
|
1,349
|
5.4785 GBP
|
|
10p
ordinary
|
Sale
|
1,202
|
5.5199 GBP
|
|
10p
ordinary
|
Sale
|
1,183
|
5.4825 GBP
|
|
10p
ordinary
|
Sale
|
1,005
|
5.5450 GBP
|
|
10p
ordinary
|
Sale
|
950
|
5.4975 GBP
|
|
10p
ordinary
|
Sale
|
915
|
5.4741 GBP
|
|
10p
ordinary
|
Sale
|
784
|
5.4900 GBP
|
|
10p
ordinary
|
Sale
|
774
|
5.5300 GBP
|
|
10p
ordinary
|
Sale
|
607
|
5.5399 GBP
|
|
10p
ordinary
|
Sale
|
567
|
5.5050 GBP
|
|
10p
ordinary
|
Sale
|
546
|
5.5325 GBP
|
|
10p
ordinary
|
Sale
|
516
|
5.5000 GBP
|
|
10p
ordinary
|
Sale
|
454
|
5.4551 GBP
|
|
10p
ordinary
|
Sale
|
242
|
5.3800 GBP
|
|
10p
ordinary
|
Sale
|
52
|
5.4500 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
|
91,441
|
5.5036 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,389
|
5.4543 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
12,757
|
5.4641 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,716
|
5.4722 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
9,210
|
5.4764 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
133,812
|
5.4766 USD
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
28,104
|
5.4806 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
784
|
5.4900 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
105,164
|
5.4956 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
15,777
|
5.5007 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
34,937
|
5.5014 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
5,751
|
5.5054 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,665
|
5.5103 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
64,013
|
5.5132 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,007
|
5.5142 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
55,703
|
5.5242 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
607
|
5.5399 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
47,347
|
5.5400 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
5,068
|
5.5419 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
70
|
5.3800 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1
|
5.4600 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,087
|
5.4604 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
484
|
5.4651 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,017
|
5.4673 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
500,000
|
5.4727 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,663
|
5.4736 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,282
|
5.5073 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
23,928
|
5.5400 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
18
|
5.4750 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,052
|
5.4853 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
9,955
|
5.5090 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
23,394
|
5.5365 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
153
|
5.5400 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
18
|
5.4750 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
153
|
5.5400 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:
|
09 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|