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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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27
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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|
34,772,041
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2.52%
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12,652,422
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0.92%
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(2)
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Cash-settled derivatives:
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|
|
|
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and/or controlled:
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12,483,102
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0.90%
|
32,303,501
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2.34%
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(3)
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Stock-settled derivatives (including
options)
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|
|
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and
agreements to purchase/sell:
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0
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0.00%
|
0
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0.00%
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|
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TOTAL:
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47,255,143
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3.42%
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44,955,923
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3.26%
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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
|
10,916,585
|
6.1101 GBP
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|
10p
ordinary
|
Purchase
|
6,180,075
|
6.1100 GBP
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|
10p
ordinary
|
Purchase
|
261,657
|
6.0946 GBP
|
|
10p
ordinary
|
Purchase
|
150,000
|
6.1138 GBP
|
|
10p
ordinary
|
Purchase
|
133,305
|
6.1237 GBP
|
|
10p
ordinary
|
Purchase
|
108,825
|
6.1316 GBP
|
|
10p
ordinary
|
Purchase
|
63,537
|
6.0700 GBP
|
|
10p
ordinary
|
Purchase
|
31,099
|
6.1201 GBP
|
|
10p
ordinary
|
Purchase
|
27,503
|
6.0709 GBP
|
|
10p
ordinary
|
Purchase
|
24,391
|
6.1104 GBP
|
|
10p
ordinary
|
Purchase
|
24,290
|
6.0706 GBP
|
|
10p
ordinary
|
Purchase
|
24,102
|
6.1108 GBP
|
|
10p
ordinary
|
Purchase
|
20,202
|
6.0732 GBP
|
|
10p
ordinary
|
Purchase
|
14,250
|
6.1046 GBP
|
|
10p
ordinary
|
Purchase
|
10,285
|
6.1258 GBP
|
|
10p
ordinary
|
Purchase
|
9,680
|
6.1570 GBP
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|
10p
ordinary
|
Purchase
|
8,157
|
6.0926 GBP
|
|
10p
ordinary
|
Purchase
|
6,551
|
6.1205 GBP
|
|
10p
ordinary
|
Purchase
|
5,803
|
6.1323 GBP
|
|
10p
ordinary
|
Purchase
|
5,773
|
6.1227 GBP
|
|
10p
ordinary
|
Purchase
|
5,652
|
6.1367 GBP
|
|
10p
ordinary
|
Purchase
|
5,556
|
6.1192 GBP
|
|
10p
ordinary
|
Purchase
|
5,240
|
6.1385 GBP
|
|
10p
ordinary
|
Purchase
|
4,244
|
6.0844 GBP
|
|
10p
ordinary
|
Purchase
|
3,436
|
6.1193 GBP
|
|
10p
ordinary
|
Purchase
|
1,685
|
6.1178 GBP
|
|
10p
ordinary
|
Purchase
|
1,081
|
6.0973 GBP
|
|
10p
ordinary
|
Purchase
|
1,021
|
6.0948 GBP
|
|
10p
ordinary
|
Purchase
|
975
|
6.1425 GBP
|
|
10p
ordinary
|
Purchase
|
825
|
6.1450 GBP
|
|
10p
ordinary
|
Purchase
|
525
|
6.1525 GBP
|
|
10p
ordinary
|
Purchase
|
365
|
6.0995 GBP
|
|
10p
ordinary
|
Purchase
|
363
|
6.0900 GBP
|
|
10p
ordinary
|
Purchase
|
256
|
6.0800 GBP
|
|
10p
ordinary
|
Purchase
|
150
|
6.1300 GBP
|
|
10p
ordinary
|
Purchase
|
137
|
6.0912 GBP
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|
10p
ordinary
|
Purchase
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8
|
6.1200 GBP
|
|
10p
ordinary
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Purchase
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2
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6.0850 GBP
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|
10p
ordinary
|
Sale
|
117,666
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6.0958 GBP
|
|
10p
ordinary
|
Sale
|
84,109
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6.0944 GBP
|
|
10p
ordinary
|
Sale
|
67,221
|
6.0888 GBP
|
|
10p
ordinary
|
Sale
|
64,309
|
6.0903 GBP
|
|
10p
ordinary
|
Sale
|
61,215
|
6.1313 GBP
|
|
10p
ordinary
|
Sale
|
56,965
|
6.1001 GBP
|
|
10p
ordinary
|
Sale
|
51,795
|
6.1126 GBP
|
|
10p
ordinary
|
Sale
|
27,163
|
6.1108 GBP
|
|
10p
ordinary
|
Sale
|
24,638
|
6.1094 GBP
|
|
10p
ordinary
|
Sale
|
20,202
|
6.0732 GBP
|
|
10p
ordinary
|
Sale
|
19,143
|
6.0700 GBP
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|
10p
ordinary
|
Sale
|
14,042
|
6.1195 GBP
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|
10p
ordinary
|
Sale
|
11,304
|
6.1375 GBP
|
|
10p
ordinary
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Sale
|
10,270
|
6.1179 GBP
|
|
10p
ordinary
|
Sale
|
6,392
|
6.1333 GBP
|
|
10p
ordinary
|
Sale
|
5,803
|
6.1331 GBP
|
|
10p
ordinary
|
Sale
|
5,240
|
6.1393 GBP
|
|
10p
ordinary
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Sale
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5,128
|
6.1200 GBP
|
|
10p
ordinary
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Sale
|
4,571
|
6.1324 GBP
|
|
10p
ordinary
|
Sale
|
4,299
|
6.1122 GBP
|
|
10p
ordinary
|
Sale
|
4,263
|
6.1157 GBP
|
|
10p
ordinary
|
Sale
|
1,721
|
6.1248 GBP
|
|
10p
ordinary
|
Sale
|
1,530
|
6.1015 GBP
|
|
10p
ordinary
|
Sale
|
1,346
|
6.1227 GBP
|
|
10p
ordinary
|
Sale
|
1,118
|
6.1250 GBP
|
|
10p
ordinary
|
Sale
|
1,021
|
6.0948 GBP
|
|
10p
ordinary
|
Sale
|
825
|
6.1450 GBP
|
|
10p
ordinary
|
Sale
|
802
|
6.1204 GBP
|
|
10p
ordinary
|
Sale
|
740
|
6.1081 GBP
|
|
10p
ordinary
|
Sale
|
736
|
6.0991 GBP
|
|
10p
ordinary
|
Sale
|
713
|
6.0650 GBP
|
|
10p
ordinary
|
Sale
|
566
|
6.1114 GBP
|
|
10p
ordinary
|
Sale
|
513
|
6.1050 GBP
|
|
10p
ordinary
|
Sale
|
282
|
6.0799 GBP
|
|
10p
ordinary
|
Sale
|
150
|
6.1300 GBP
|
|
10p
ordinary
|
Sale
|
143
|
6.1099 GBP
|
|
10p
ordinary
|
Sale
|
79
|
6.0940 GBP
|
|
10p
ordinary
|
Sale
|
2
|
6.0850 GBP
|
|
10p
ordinary
|
Sale
|
2
|
6.0851 GBP
|
|
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|
|
|
|
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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
|
|
security
|
|
|
securities
|
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
12,889
|
6.1050 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
227,000
|
6.0259 USD
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,965
|
6.0700 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
282
|
6.0799 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
10,145
|
6.0881 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
67,221
|
6.0888 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
64,309
|
6.0903 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
79
|
6.0934 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
84,109
|
6.0944 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
88,371
|
6.0986 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
736
|
6.0991 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
699
|
6.1100 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
4,299
|
6.1122 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
22,393
|
6.1144 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
29,318
|
6.1150 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
100,766
|
6.0700 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
24,290
|
6.0706 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
7,078
|
6.0712 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
20,000
|
6.0715 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
19,239
|
6.0773 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,593
|
6.0800 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
6,312
|
6.0860 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
391
|
6.0869 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
8,157
|
6.0926 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
24,391
|
6.1104 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
24,102
|
6.1108 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
150,000
|
6.1138 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
3,436
|
6.1193 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
108,825
|
6.1316 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
9,680
|
6.1570 USD
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
8,628
|
6.0700 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
21,316
|
6.1096 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
46,749
|
6.1263 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
83,211
|
6.1264 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:
|
28 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
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|
