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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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16
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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32,943,881
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2.39%
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30,401,044
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2.20%
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(2)
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Cash-settled derivatives:
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and/or controlled:
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12,558,243
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0.91%
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30,960,114
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2.24%
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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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45,502,124
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3.30%
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61,361,158
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4.44%
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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
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|
|
10p
ordinary
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Purchase
|
409,000
|
5.7900 GBP
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|
10p
ordinary
|
Purchase
|
78,862
|
5.7881 GBP
|
|
10p
ordinary
|
Purchase
|
76,157
|
5.7865 GBP
|
|
10p
ordinary
|
Purchase
|
70,893
|
5.7896 GBP
|
|
10p
ordinary
|
Purchase
|
36,267
|
5.7806 GBP
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|
10p
ordinary
|
Purchase
|
33,443
|
5.7736 GBP
|
|
10p
ordinary
|
Purchase
|
28,660
|
5.7894 GBP
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|
10p
ordinary
|
Purchase
|
23,992
|
5.7798 GBP
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|
10p
ordinary
|
Purchase
|
11,813
|
5.7821 GBP
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|
10p
ordinary
|
Purchase
|
10,536
|
5.7975 GBP
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|
10p
ordinary
|
Purchase
|
10,466
|
5.7814 GBP
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|
10p
ordinary
|
Purchase
|
10,049
|
5.7880 GBP
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|
10p
ordinary
|
Purchase
|
9,420
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5.7691 GBP
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|
10p
ordinary
|
Purchase
|
8,497
|
5.7658 GBP
|
|
10p
ordinary
|
Purchase
|
8,078
|
5.7743 GBP
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|
10p
ordinary
|
Purchase
|
7,777
|
5.7866 GBP
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|
10p
ordinary
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Purchase
|
7,677
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5.7810 GBP
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|
10p
ordinary
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Purchase
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6,687
|
5.7753 GBP
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|
10p
ordinary
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Purchase
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6,363
|
5.7741 GBP
|
|
10p
ordinary
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Purchase
|
5,955
|
5.7677 GBP
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|
10p
ordinary
|
Purchase
|
4,786
|
5.7657 GBP
|
|
10p
ordinary
|
Purchase
|
4,682
|
5.7675 GBP
|
|
10p
ordinary
|
Purchase
|
4,547
|
5.7934 GBP
|
|
10p
ordinary
|
Purchase
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4,015
|
5.7678 GBP
|
|
10p
ordinary
|
Purchase
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3,624
|
5.7789 GBP
|
|
10p
ordinary
|
Purchase
|
2,661
|
5.7612 GBP
|
|
10p
ordinary
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Purchase
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1,889
|
5.7611 GBP
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|
10p
ordinary
|
Purchase
|
1,822
|
5.7679 GBP
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|
10p
ordinary
|
Purchase
|
1,605
|
5.7683 GBP
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|
10p
ordinary
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Purchase
|
1,270
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5.8000 GBP
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|
10p
ordinary
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Purchase
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1,228
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5.7600 GBP
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|
10p
ordinary
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Purchase
|
1,200
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5.7550 GBP
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|
10p
ordinary
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Purchase
|
869
|
5.7711 GBP
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|
10p
ordinary
|
Purchase
|
648
|
5.7650 GBP
|
|
10p
ordinary
|
Purchase
|
648
|
5.7648 GBP
|
|
10p
ordinary
|
Purchase
|
637
|
5.7989 GBP
|
|
10p
ordinary
|
Purchase
|
636
|
5.7950 GBP
|
|
10p
ordinary
|
Purchase
|
334
|
5.7851 GBP
|
|
10p
ordinary
|
Purchase
|
108
|
5.7769 GBP
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|
10p
ordinary
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Sale
|
3,500,000
|
5.7200 GBP
|
|
10p
ordinary
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Sale
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120,045
|
5.7900 GBP
|
|
10p
ordinary
|
Sale
|
109,789
|
5.7909 GBP
|
|
10p
ordinary
|
Sale
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70,893
|
5.7896 GBP
|
|
10p
ordinary
|
Sale
|
69,163
|
5.7830 GBP
|
|
10p
ordinary
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Sale
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27,008
|
5.7703 GBP
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|
10p
ordinary
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Sale
|
23,556
|
5.7838 GBP
|
|
10p
ordinary
|
Sale
|
22,809
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5.7842 GBP
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|
10p
ordinary
|
Sale
|
22,500
|
5.7695 GBP
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|
10p
ordinary
|
Sale
|
19,154
|
5.7818 GBP
|
|
10p
ordinary
|
Sale
|
14,924
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5.7831 GBP
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|
10p
ordinary
|
Sale
|
12,524
|
5.7911 GBP
|
|
10p
ordinary
|
Sale
|
11,509
|
5.7834 GBP
|
|
10p
ordinary
|
Sale
|
8,014
|
5.7949 GBP
|
|
10p
ordinary
|
Sale
|
6,423
|
5.7549 GBP
|
|
10p
ordinary
|
Sale
|
6,161
|
5.7707 GBP
|
|
10p
ordinary
|
Sale
|
5,761
|
5.7754 GBP
|
|
10p
ordinary
|
Sale
|
4,984
|
5.7743 GBP
|
|
10p
ordinary
|
Sale
|
4,786
|
5.7657 GBP
|
|
10p
ordinary
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Sale
|
4,630
|
5.7812 GBP
|
|
10p
ordinary
|
Sale
|
4,191
|
5.7660 GBP
|
|
10p
ordinary
|
Sale
|
3,227
|
5.7683 GBP
|
|
10p
ordinary
|
Sale
|
2,909
|
5.7809 GBP
|
|
10p
ordinary
|
Sale
|
2,538
|
5.7891 GBP
|
|
10p
ordinary
|
Sale
|
1,808
|
5.7714 GBP
|
|
10p
ordinary
|
Sale
|
1,783
|
5.7847 GBP
|
|
10p
ordinary
|
Sale
|
1,636
|
5.7859 GBP
|
|
10p
ordinary
|
Sale
|
1,219
|
5.7759 GBP
|
|
10p
ordinary
|
Sale
|
1,092
|
5.7803 GBP
|
|
10p
ordinary
|
Sale
|
1,086
|
5.7675 GBP
|
|
10p
ordinary
|
Sale
|
1,002
|
5.7989 GBP
|
|
10p
ordinary
|
Sale
|
993
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5.7850 GBP
|
|
10p
ordinary
|
Sale
|
926
|
5.7750 GBP
|
|
10p
ordinary
|
Sale
|
788
|
5.7655 GBP
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|
10p
ordinary
|
Sale
|
649
|
5.7650 GBP
|
|
10p
ordinary
|
Sale
|
636
|
5.7950 GBP
|
|
10p
ordinary
|
Sale
|
597
|
5.7600 GBP
|
|
10p
ordinary
|
Sale
|
588
|
5.7800 GBP
|
|
10p
ordinary
|
Sale
|
568
|
5.7799 GBP
|
|
10p
ordinary
|
Sale
|
545
|
5.7625 GBP
|
|
10p
ordinary
|
Sale
|
506
|
5.7941 GBP
|
|
10p
ordinary
|
Sale
|
17
|
5.7705 GBP
|
|
|
|
|
|
|
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(b)
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Cash-settled derivative transactions
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|
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Class of
|
Product
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Nature of
dealing
|
Number of
|
Price per
|
|
relevant
|
description
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|
reference
|
unit
|
|
security
|
|
|
securities
|
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
76,271
|
5.7809 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
12,387
|
5.7848 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
44
|
5.7200 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
6,423
|
5.7549 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
22,500
|
5.7695 USD
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,780
|
5.7812 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
19,154
|
5.7818 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
69,163
|
5.7830 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
7,407
|
5.7844 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,783
|
5.7847 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
7,874
|
5.7872 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
85,393
|
5.7886 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
12,524
|
5.7911 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
8,014
|
5.7949 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
631
|
5.7600 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
869
|
5.7711 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
33,443
|
5.7736 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
135,847
|
5.7841 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
13,875
|
5.7845 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
278,663
|
5.7900 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
637
|
5.7988 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
30,000
|
5.7699 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
44,762
|
5.7900 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
70,893
|
5.7896 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
852
|
5.7900 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
8,497
|
5.7658 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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(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:
|
17 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
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