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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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06
Jan 2025
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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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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
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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)
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Relevant securities owned
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and/or controlled:
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32,646,510
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2.36%
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16,164,974
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1.17%
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(2)
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Cash-settled derivatives:
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and/or controlled:
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12,568,349
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0.91%
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31,211,389
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2.26%
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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%
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0
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0.00%
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TOTAL:
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45,214,859
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3.28%
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47,376,363
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3.43%
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(b)
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Rights to subscribe for new securities (including directors
and other executive
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options)
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Class of relevant security in relation to
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which subscription right exists
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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
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Price per
unit
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|
security
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|
securities
|
|
|
10p
ordinary
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Purchase
|
346,499
|
5.4393 GBP
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|
10p
ordinary
|
Purchase
|
145,384
|
5.4400 GBP
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|
10p
ordinary
|
Purchase
|
100,435
|
5.4386 GBP
|
|
10p
ordinary
|
Purchase
|
68,028
|
5.4061 GBP
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|
10p
ordinary
|
Purchase
|
28,783
|
5.4342 GBP
|
|
10p
ordinary
|
Purchase
|
25,987
|
5.4275 GBP
|
|
10p
ordinary
|
Purchase
|
12,770
|
5.4141 GBP
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|
10p
ordinary
|
Purchase
|
11,864
|
5.4178 GBP
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|
10p
ordinary
|
Purchase
|
9,922
|
5.4200 GBP
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|
10p
ordinary
|
Purchase
|
7,734
|
5.4083 GBP
|
|
10p
ordinary
|
Purchase
|
7,686
|
5.4224 GBP
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|
10p
ordinary
|
Purchase
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7,159
|
5.4147 GBP
|
|
10p
ordinary
|
Purchase
|
6,825
|
5.4177 GBP
|
|
10p
ordinary
|
Purchase
|
6,524
|
5.4180 GBP
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|
10p
ordinary
|
Purchase
|
6,254
|
5.4347 GBP
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|
10p
ordinary
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Purchase
|
5,799
|
5.4050 GBP
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|
10p
ordinary
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Purchase
|
5,006
|
5.4241 GBP
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|
10p
ordinary
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Purchase
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4,121
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5.4199 GBP
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|
10p
ordinary
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Purchase
|
3,873
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5.4154 GBP
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|
10p
ordinary
|
Purchase
|
3,637
|
5.4150 GBP
|
|
10p
ordinary
|
Purchase
|
3,527
|
5.4111 GBP
|
|
10p
ordinary
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Purchase
|
2,854
|
5.4174 GBP
|
|
10p
ordinary
|
Purchase
|
1,862
|
5.4100 GBP
|
|
10p
ordinary
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Purchase
|
1,356
|
5.3900 GBP
|
|
10p
ordinary
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Purchase
|
1,331
|
5.4387 GBP
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|
10p
ordinary
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Purchase
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1,282
|
5.4033 GBP
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|
10p
ordinary
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Purchase
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1,225
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5.4350 GBP
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|
10p
ordinary
|
Purchase
|
1,225
|
5.4156 GBP
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|
10p
ordinary
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Purchase
|
839
|
5.4125 GBP
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|
10p
ordinary
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Purchase
|
746
|
5.4148 GBP
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|
10p
ordinary
|
Purchase
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625
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5.4175 GBP
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|
10p
ordinary
|
Purchase
|
563
|
5.4375 GBP
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|
10p
ordinary
|
Purchase
|
458
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5.4500 GBP
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|
10p
ordinary
|
Purchase
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2
|
5.4000 GBP
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|
10p
ordinary
|
Sale
|
273,863
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5.4382 GBP
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|
10p
ordinary
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Sale
|
207,177
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5.4328 GBP
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|
10p
ordinary
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Sale
|
113,168
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5.4373 GBP
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|
10p
ordinary
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Sale
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100,435
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5.4385 GBP
|
|
10p
ordinary
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Sale
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83,332
|
5.4309 GBP
|
|
10p
ordinary
|
Sale
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60,042
|
5.4164 GBP
|
|
10p
ordinary
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Sale
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45,166
|
5.4139 GBP
|
|
10p
ordinary
|
Sale
|
42,941
|
5.4283 GBP
|
|
10p
ordinary
|
Sale
|
31,375
|
5.4070 GBP
|
|
10p
ordinary
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Sale
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20,881
|
5.4133 GBP
|
|
10p
ordinary
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Sale
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20,335
|
5.4286 GBP
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|
10p
ordinary
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Sale
|
17,580
|
5.4125 GBP
|
|
10p
ordinary
|
Sale
|
15,487
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5.4076 GBP
|
|
10p
ordinary
|
Sale
|
13,311
|
5.4236 GBP
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|
10p
ordinary
|
Sale
|
12,746
|
5.4115 GBP
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|
10p
ordinary
|
Sale
|
7,810
|
5.4400 GBP
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|
10p
ordinary
|
Sale
|
6,821
|
5.3928 GBP
|
|
10p
ordinary
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Sale
|
5,715
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5.4167 GBP
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|
10p
ordinary
|
Sale
|
4,833
|
5.4193 GBP
|
|
10p
ordinary
|
Sale
|
4,321
|
5.4111 GBP
|
|
10p
ordinary
|
Sale
|
4,101
|
5.4100 GBP
|
|
10p
ordinary
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Sale
|
3,589
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5.4140 GBP
|
|
10p
ordinary
|
Sale
|
3,310
|
5.4016 GBP
|
|
10p
ordinary
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Sale
|
2,842
|
5.4019 GBP
|
|
10p
ordinary
|
Sale
|
2,841
|
5.4086 GBP
|
|
10p
ordinary
|
Sale
|
2,640
|
5.4329 GBP
|
|
10p
ordinary
|
Sale
|
2,587
|
5.4244 GBP
|
|
10p
ordinary
|
Sale
|
2,550
|
5.4107 GBP
|
|
10p
ordinary
|
Sale
|
2,253
|
5.4150 GBP
|
|
10p
ordinary
|
Sale
|
1,807
|
5.4075 GBP
|
|
10p
ordinary
|
Sale
|
1,504
|
5.4177 GBP
|
|
10p
ordinary
|
Sale
|
1,356
|
5.3900 GBP
|
|
10p
ordinary
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Sale
|
1,225
|
5.4350 GBP
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|
10p
ordinary
|
Sale
|
625
|
5.4175 GBP
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|
10p
ordinary
|
Sale
|
609
|
5.4200 GBP
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|
10p
ordinary
|
Sale
|
458
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5.4500 GBP
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|
10p
ordinary
|
Sale
|
202
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5.4380 GBP
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|
10p
ordinary
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Sale
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2
|
5.4000 GBP
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(b)
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Cash-settled derivative transactions
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Class of
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Product
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Nature of
dealing
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Number of
|
Price per
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|
relevant
|
description
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|
reference
|
unit
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|
security
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|
securities
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|
10p
ordinary
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SWAP
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Increasing Short
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44,219
|
5.4186 GBP
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|
10p
ordinary
|
SWAP
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Decreasing Short
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1,586
|
5.4100 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
8,635
|
5.4111 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
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12,746
|
5.4115 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
4,707
|
5.4163 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
60,042
|
5.4164 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
625
|
5.4175 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
13,311
|
5.4235 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
7,631
|
5.4242 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
2,587
|
5.4244 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
94,461
|
5.4285 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
93,070
|
5.4287 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
2,640
|
5.4329 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
148,633
|
5.4376 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
32,255
|
5.4397 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
61,951
|
5.4400 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
364
|
5.4050 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
746
|
5.4148 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
24,492
|
5.4276 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
28,783
|
5.4342 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
112,925
|
5.4379 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,331
|
5.4387 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
963
|
5.4400 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
156
|
5.4500 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
55,000
|
5.4735 USD
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
890
|
5.4096 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
66,670
|
5.4345 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
262
|
5.4400 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
458
|
5.4500 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,147
|
5.4550 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
100,435
|
5.4385 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
9,331
|
5.4400 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
2,147
|
5.4550 GBP
|
|
|
|
|
|
|
|
|
|
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(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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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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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|
(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:
|
07 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
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