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:
|
14
May 2024
|
(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:
|
|
|
24,711,781
|
1.79%
|
19,147,293
|
1.39%
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
and/or controlled:
|
|
|
8,165,075
|
0.59%
|
23,282,256
|
1.69%
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
32,876,856
|
2.38%
|
42,429,549
|
3.08%
|
(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
|
632,888
|
3.7001 GBP
|
10p
ordinary
|
Purchase
|
415,725
|
3.7231 GBP
|
10p
ordinary
|
Purchase
|
215,000
|
3.7060 GBP
|
10p
ordinary
|
Purchase
|
179,924
|
3.7000 GBP
|
10p
ordinary
|
Purchase
|
140,000
|
3.7025 GBP
|
10p
ordinary
|
Purchase
|
127,767
|
3.6995 GBP
|
10p
ordinary
|
Purchase
|
110,661
|
3.6991 GBP
|
10p
ordinary
|
Purchase
|
100,000
|
3.6946 GBP
|
10p
ordinary
|
Purchase
|
50,847
|
3.6939 GBP
|
10p
ordinary
|
Purchase
|
40,453
|
3.6984 GBP
|
10p
ordinary
|
Purchase
|
28,282
|
3.7109 GBP
|
10p
ordinary
|
Purchase
|
25,646
|
3.7206 GBP
|
10p
ordinary
|
Purchase
|
17,999
|
3.7199 GBP
|
10p
ordinary
|
Purchase
|
17,646
|
3.7042 GBP
|
10p
ordinary
|
Purchase
|
17,590
|
3.7179 GBP
|
10p
ordinary
|
Purchase
|
15,717
|
3.6940 GBP
|
10p
ordinary
|
Purchase
|
14,923
|
3.7211 GBP
|
10p
ordinary
|
Purchase
|
12,295
|
3.6919 GBP
|
10p
ordinary
|
Purchase
|
8,670
|
3.6955 GBP
|
10p
ordinary
|
Purchase
|
7,850
|
3.7210 GBP
|
10p
ordinary
|
Purchase
|
7,737
|
3.7006 GBP
|
10p
ordinary
|
Purchase
|
6,488
|
3.6916 GBP
|
10p
ordinary
|
Purchase
|
6,414
|
3.7014 GBP
|
10p
ordinary
|
Purchase
|
5,821
|
3.7193 GBP
|
10p
ordinary
|
Purchase
|
4,177
|
3.7120 GBP
|
10p
ordinary
|
Purchase
|
4,140
|
3.7033 GBP
|
10p
ordinary
|
Purchase
|
3,614
|
3.7005 GBP
|
10p
ordinary
|
Purchase
|
3,361
|
3.7200 GBP
|
10p
ordinary
|
Purchase
|
3,327
|
3.6996 GBP
|
10p
ordinary
|
Purchase
|
2,946
|
3.6913 GBP
|
10p
ordinary
|
Purchase
|
2,644
|
3.6960 GBP
|
10p
ordinary
|
Purchase
|
2,405
|
3.7171 GBP
|
10p
ordinary
|
Purchase
|
2,357
|
3.7004 GBP
|
10p
ordinary
|
Purchase
|
2,234
|
3.6950 GBP
|
10p
ordinary
|
Purchase
|
1,723
|
3.6976 GBP
|
10p
ordinary
|
Purchase
|
1,676
|
3.7008 GBP
|
10p
ordinary
|
Purchase
|
1,506
|
3.6860 GBP
|
10p
ordinary
|
Purchase
|
1,498
|
3.7244 GBP
|
10p
ordinary
|
Purchase
|
1,397
|
3.7096 GBP
|
10p
ordinary
|
Purchase
|
1,272
|
3.6981 GBP
|
10p
ordinary
|
Purchase
|
1,101
|
3.7130 GBP
|
10p
ordinary
|
Purchase
|
785
|
3.6867 GBP
|
10p
ordinary
|
Purchase
|
736
|
3.7100 GBP
|
10p
ordinary
|
Purchase
|
256
|
3.6989 GBP
|
10p
ordinary
|
Purchase
|
147
|
3.7300 GBP
|
10p
ordinary
|
Sale
|
274,291
|
3.7114 GBP
|
10p
ordinary
|
Sale
|
266,817
|
3.7055 GBP
|
10p
ordinary
|
Sale
|
147,561
|
3.6917 GBP
|
10p
ordinary
|
Sale
|
138,857
|
3.7000 GBP
|
10p
ordinary
|
Sale
|
127,218
|
3.7162 GBP
|
10p
ordinary
|
Sale
|
120,438
|
3.6813 GBP
|
10p
ordinary
|
Sale
|
106,631
|
3.6926 GBP
|
10p
ordinary
|
Sale
|
102,586
|
3.7133 GBP
|
10p
ordinary
|
Sale
|
102,586
|
3.7141 GBP
|
10p
ordinary
|
Sale
|
89,350
|
3.6954 GBP
|
10p
ordinary
|
Sale
|
88,852
|
3.7078 GBP
|
10p
ordinary
|
Sale
|
80,435
|
3.7142 GBP
|
10p
ordinary
|
Sale
|
64,322
|
3.7002 GBP
|
10p
ordinary
|
Sale
|
50,643
|
3.7204 GBP
|
10p
ordinary
|
Sale
|
49,735
|
3.6913 GBP
|
10p
ordinary
|
Sale
|
42,564
|
3.7086 GBP
|
10p
ordinary
|
Sale
|
34,009
|
3.7131 GBP
|
10p
ordinary
|
Sale
|
30,331
|
3.7175 GBP
|
10p
ordinary
|
Sale
|
29,106
|
3.7015 GBP
|
10p
ordinary
|
Sale
|
18,483
|
3.7172 GBP
|
10p
ordinary
|
Sale
|
14,980
|
3.7137 GBP
|
10p
ordinary
|
Sale
|
14,923
|
3.7211 GBP
|
10p
ordinary
|
Sale
|
14,543
|
3.6996 GBP
|
10p
ordinary
|
Sale
|
8,882
|
3.7203 GBP
|
10p
ordinary
|
Sale
|
8,670
|
3.6955 GBP
|
10p
ordinary
|
Sale
|
7,467
|
3.7016 GBP
|
10p
ordinary
|
Sale
|
7,278
|
3.7235 GBP
|
10p
ordinary
|
Sale
|
7,236
|
3.7199 GBP
|
10p
ordinary
|
Sale
|
7,024
|
3.7206 GBP
|
10p
ordinary
|
Sale
|
6,851
|
3.7022 GBP
|
10p
ordinary
|
Sale
|
6,567
|
3.6973 GBP
|
10p
ordinary
|
Sale
|
5,874
|
3.7196 GBP
|
10p
ordinary
|
Sale
|
5,821
|
3.7193 GBP
|
10p
ordinary
|
Sale
|
5,131
|
3.7132 GBP
|
10p
ordinary
|
Sale
|
4,864
|
3.6937 GBP
|
10p
ordinary
|
Sale
|
4,700
|
3.6938 GBP
|
10p
ordinary
|
Sale
|
3,995
|
3.7023 GBP
|
10p
ordinary
|
Sale
|
3,371
|
3.7103 GBP
|
10p
ordinary
|
Sale
|
3,155
|
3.6960 GBP
|
10p
ordinary
|
Sale
|
2,618
|
3.7076 GBP
|
10p
ordinary
|
Sale
|
2,405
|
3.7171 GBP
|
10p
ordinary
|
Sale
|
2,166
|
3.7262 GBP
|
10p
ordinary
|
Sale
|
2,069
|
3.7102 GBP
|
10p
ordinary
|
Sale
|
1,757
|
3.6919 GBP
|
10p
ordinary
|
Sale
|
1,723
|
3.6976 GBP
|
10p
ordinary
|
Sale
|
1,676
|
3.7008 GBP
|
10p
ordinary
|
Sale
|
1,506
|
3.6860 GBP
|
10p
ordinary
|
Sale
|
1,504
|
3.6940 GBP
|
10p
ordinary
|
Sale
|
1,498
|
3.7244 GBP
|
10p
ordinary
|
Sale
|
1,412
|
3.6934 GBP
|
10p
ordinary
|
Sale
|
1,216
|
3.7110 GBP
|
10p
ordinary
|
Sale
|
1,216
|
3.6992 GBP
|
10p
ordinary
|
Sale
|
876
|
3.7080 GBP
|
10p
ordinary
|
Sale
|
829
|
3.6980 GBP
|
10p
ordinary
|
Sale
|
826
|
3.7240 GBP
|
10p
ordinary
|
Sale
|
785
|
3.6867 GBP
|
10p
ordinary
|
Sale
|
736
|
3.7100 GBP
|
10p
ordinary
|
Sale
|
527
|
3.7200 GBP
|
10p
ordinary
|
Sale
|
419
|
3.7300 GBP
|
10p
ordinary
|
Sale
|
302
|
3.7220 GBP
|
10p
ordinary
|
Sale
|
109
|
3.7180 GBP
|
10p
ordinary
|
Sale
|
1
|
3.7139 GBP
|
10p
ordinary
|
Sale
|
-105
|
3.6989 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
|
3,614
|
3.7005 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Long
|
17,590
|
3.7179 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,041
|
3.7000 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,392
|
3.7000 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
22,962
|
3.6997 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
40,142
|
3.7000 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
58,988
|
3.7193 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
80,435
|
3.7142 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
205,172
|
3.7137 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
274,291
|
3.7114 GBP
|
10p
ordinary
|
SWAP
|
Increasing Long
|
1
|
3.7139 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
527
|
3.7200 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,272
|
3.6981 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,177
|
3.7120 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
6,414
|
3.7014 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
17,646
|
3.7042 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
44,465
|
3.6989 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
52,977
|
3.7000 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
61,000
|
3.7060 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
65,604
|
3.7000 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
154,000
|
3.7060 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
415,725
|
3.7231 GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
60,639
|
3.7077 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:
|
15 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
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