|
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")
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|
1.
|
KEY
INFORMATION
|
|
(a)
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Full name of discloser:
|
|
Barclays PLC.
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|
(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:
|
30
Jan 2025
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|
(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
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|
|
2.
|
POSITIONS OF THE PERSON MAKING THE DISCLOSURE
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|
(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:
|
|
|
38,210,330
|
2.77%
|
13,253,204
|
0.96%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
|
|
13,060,675
|
0.95%
|
35,678,423
|
2.58%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
51,271,005
|
3.71%
|
48,931,627
|
3.54%
|
|
(b)
|
Rights to subscribe for new securities (including directors
and other executive
|
|
|
|
options)
|
|
|
|
|
|
|
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Class of relevant security in relation to
|
|
|
|
|
|
which subscription right exists
|
|
|
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Details, including nature of the rights
|
|
|
|
|
|
concerned and relevant percentages:
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|
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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
|
3,196,572
|
5.9700 GBP
|
|
10p
ordinary
|
Purchase
|
369,593
|
5.8592 GBP
|
|
10p
ordinary
|
Purchase
|
204,122
|
5.8367 GBP
|
|
10p
ordinary
|
Purchase
|
160,848
|
5.8606 GBP
|
|
10p
ordinary
|
Purchase
|
131,804
|
5.8850 GBP
|
|
10p
ordinary
|
Purchase
|
96,719
|
5.8853 GBP
|
|
10p
ordinary
|
Purchase
|
93,629
|
5.8288 GBP
|
|
10p
ordinary
|
Purchase
|
84,830
|
5.7055 GBP
|
|
10p
ordinary
|
Purchase
|
55,684
|
5.8300 GBP
|
|
10p
ordinary
|
Purchase
|
48,706
|
5.8435 GBP
|
|
10p
ordinary
|
Purchase
|
47,972
|
5.9705 GBP
|
|
10p
ordinary
|
Purchase
|
45,443
|
5.8231 GBP
|
|
10p
ordinary
|
Purchase
|
35,323
|
5.9062 GBP
|
|
10p
ordinary
|
Purchase
|
32,386
|
5.8677 GBP
|
|
10p
ordinary
|
Purchase
|
27,842
|
5.8050 GBP
|
|
10p
ordinary
|
Purchase
|
25,000
|
5.8867 GBP
|
|
10p
ordinary
|
Purchase
|
12,606
|
5.7281 GBP
|
|
10p
ordinary
|
Purchase
|
11,967
|
5.9856 GBP
|
|
10p
ordinary
|
Purchase
|
9,755
|
5.8773 GBP
|
|
10p
ordinary
|
Purchase
|
9,159
|
5.8415 GBP
|
|
10p
ordinary
|
Purchase
|
9,042
|
5.8284 GBP
|
|
10p
ordinary
|
Purchase
|
7,515
|
5.7985 GBP
|
|
10p
ordinary
|
Purchase
|
5,000
|
5.9850 GBP
|
|
10p
ordinary
|
Purchase
|
4,607
|
5.9543 GBP
|
|
10p
ordinary
|
Purchase
|
2,931
|
5.7935 GBP
|
|
10p
ordinary
|
Purchase
|
2,501
|
5.9131 GBP
|
|
10p
ordinary
|
Purchase
|
2,301
|
5.8475 GBP
|
|
10p
ordinary
|
Purchase
|
1,782
|
5.7664 GBP
|
|
10p
ordinary
|
Purchase
|
1,660
|
5.7917 GBP
|
|
10p
ordinary
|
Purchase
|
1,636
|
5.9925 GBP
|
|
10p
ordinary
|
Purchase
|
1,250
|
5.9975 GBP
|
|
10p
ordinary
|
Purchase
|
944
|
5.7300 GBP
|
|
10p
ordinary
|
Purchase
|
886
|
5.6600 GBP
|
|
10p
ordinary
|
Purchase
|
832
|
5.8250 GBP
|
|
10p
ordinary
|
Purchase
|
792
|
5.9875 GBP
|
|
10p
ordinary
|
Purchase
|
716
|
5.7829 GBP
|
|
10p
ordinary
|
Purchase
|
666
|
5.7750 GBP
|
|
10p
ordinary
|
Purchase
|
616
|
5.8605 GBP
|
|
10p
ordinary
|
Purchase
|
615
|
5.7100 GBP
|
|
10p
ordinary
|
Purchase
|
611
|
5.8732 GBP
|
|
10p
ordinary
|
Purchase
|
558
|
5.7700 GBP
|
|
10p
ordinary
|
Purchase
|
533
|
5.9037 GBP
|
|
10p
ordinary
|
Purchase
|
360
|
5.6950 GBP
|
|
10p
ordinary
|
Purchase
|
270
|
5.7350 GBP
|
|
10p
ordinary
|
Purchase
|
71
|
5.8500 GBP
|
|
10p
ordinary
|
Purchase
|
10
|
5.8610 GBP
|
|
10p
ordinary
|
Sale
|
510,884
|
5.8754 GBP
|
|
10p
ordinary
|
Sale
|
183,342
|
5.8131 GBP
|
|
10p
ordinary
|
Sale
|
156,940
|
5.8850 GBP
|
|
10p
ordinary
|
Sale
|
141,000
|
5.8270 GBP
|
|
10p
ordinary
|
Sale
|
96,719
|
5.8853 GBP
|
|
10p
ordinary
|
Sale
|
81,599
|
5.8406 GBP
|
|
10p
ordinary
|
Sale
|
60,991
|
5.8136 GBP
|
|
10p
ordinary
|
Sale
|
53,092
|
5.7922 GBP
|
|
10p
ordinary
|
Sale
|
43,620
|
5.8603 GBP
|
|
10p
ordinary
|
Sale
|
32,700
|
5.8659 GBP
|
|
10p
ordinary
|
Sale
|
28,805
|
5.7763 GBP
|
|
10p
ordinary
|
Sale
|
26,463
|
5.7957 GBP
|
|
10p
ordinary
|
Sale
|
24,690
|
5.7947 GBP
|
|
10p
ordinary
|
Sale
|
23,700
|
5.8989 GBP
|
|
10p
ordinary
|
Sale
|
20,434
|
5.8966 GBP
|
|
10p
ordinary
|
Sale
|
15,838
|
5.8728 GBP
|
|
10p
ordinary
|
Sale
|
12,213
|
5.7861 GBP
|
|
10p
ordinary
|
Sale
|
9,715
|
5.9471 GBP
|
|
10p
ordinary
|
Sale
|
9,547
|
5.9032 GBP
|
|
10p
ordinary
|
Sale
|
7,684
|
5.7945 GBP
|
|
10p
ordinary
|
Sale
|
6,316
|
5.9682 GBP
|
|
10p
ordinary
|
Sale
|
4,527
|
5.7167 GBP
|
|
10p
ordinary
|
Sale
|
3,707
|
5.8918 GBP
|
|
10p
ordinary
|
Sale
|
3,471
|
5.7137 GBP
|
|
10p
ordinary
|
Sale
|
3,239
|
5.8342 GBP
|
|
10p
ordinary
|
Sale
|
3,205
|
5.6950 GBP
|
|
10p
ordinary
|
Sale
|
2,231
|
5.7735 GBP
|
|
10p
ordinary
|
Sale
|
1,678
|
5.6475 GBP
|
|
10p
ordinary
|
Sale
|
1,141
|
5.7693 GBP
|
|
10p
ordinary
|
Sale
|
1,112
|
5.8244 GBP
|
|
10p
ordinary
|
Sale
|
999
|
5.6900 GBP
|
|
10p
ordinary
|
Sale
|
944
|
5.7300 GBP
|
|
10p
ordinary
|
Sale
|
886
|
5.6600 GBP
|
|
10p
ordinary
|
Sale
|
832
|
5.8250 GBP
|
|
10p
ordinary
|
Sale
|
806
|
5.9712 GBP
|
|
10p
ordinary
|
Sale
|
666
|
5.7750 GBP
|
|
10p
ordinary
|
Sale
|
625
|
5.6925 GBP
|
|
10p
ordinary
|
Sale
|
615
|
5.7100 GBP
|
|
10p
ordinary
|
Sale
|
558
|
5.7700 GBP
|
|
10p
ordinary
|
Sale
|
540
|
5.7350 GBP
|
|
10p
ordinary
|
Sale
|
112
|
5.8400 GBP
|
|
10p
ordinary
|
Sale
|
109
|
5.8300 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 Short
|
25,402
|
5.7690 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
183,342
|
5.8132 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
60,991
|
5.8136 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
33,783
|
5.8157 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
36,633
|
5.8300 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
180,583
|
5.8386 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
53,201
|
5.8709 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
56,400
|
5.8797 USD
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
401,326
|
5.8850 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,707
|
5.8918 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
9,547
|
5.9032 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
45,443
|
5.8228 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
93,629
|
5.8288 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
204,122
|
5.8367 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
160,848
|
5.8606 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
32,386
|
5.8677 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
649
|
5.8850 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
103
|
5.8853 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
25,000
|
5.8868 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
44,692
|
5.8871 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
35,323
|
5.9062 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
21,648
|
5.9133 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
14,033
|
5.9201 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
305
|
5.9650 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
3,196,572
|
5.9700 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,951
|
5.8850 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
19
|
5.8852 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
6,527
|
5.8982 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
40,278
|
5.7889 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
67,738
|
5.7957 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
12,304
|
5.8526 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
2,951
|
5.8850 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
19
|
5.8852 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
96,719
|
5.8853 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:
|
31 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
