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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
|
DS
SMITH PLC
|
|
|
relevant securities this form relates:
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(d)
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If
an exempt fund manager connected with an
|
|
|
|
offeror/offeree, state this and specify identity
of
|
|
|
offeror/offeree:
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(e)
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Date position held/dealing undertaken:
|
22
May 2024
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(f)
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In
addition to the company in 1(c) above, is the discloser
making
|
YES:
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|
|
|
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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
|
|
|
|
to
which the disclosure relates following the dealing(if
any)
|
|
|
Class of relevant security:
|
10p
ordinary
|
|
|
Interests
|
Short
Positions
|
|
|
Number
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(%)
|
Number
|
(%)
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|
(1)
|
Relevant securities owned
|
|
|
|
|
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|
and/or controlled:
|
|
|
27,096,755
|
1.96%
|
19,673,876
|
1.43%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
|
|
8,475,804
|
0.61%
|
25,735,000
|
1.87%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
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TOTAL:
|
|
|
35,572,559
|
2.58%
|
45,408,876
|
3.29%
|
|
(b)
|
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
|
Purchase/sale
|
Number of
|
Price per
unit
|
|
security
|
|
securities
|
|
|
10p
ordinary
|
Purchase
|
547,562
|
3.7680 GBP
|
|
10p
ordinary
|
Purchase
|
450,000
|
3.7343 GBP
|
|
10p
ordinary
|
Purchase
|
344,803
|
3.7585 GBP
|
|
10p
ordinary
|
Purchase
|
144,781
|
3.7355 GBP
|
|
10p
ordinary
|
Purchase
|
129,918
|
3.7060 GBP
|
|
10p
ordinary
|
Purchase
|
126,175
|
3.7080 GBP
|
|
10p
ordinary
|
Purchase
|
125,000
|
3.7085 GBP
|
|
10p
ordinary
|
Purchase
|
125,000
|
3.7087 GBP
|
|
10p
ordinary
|
Purchase
|
125,000
|
3.6927 GBP
|
|
10p
ordinary
|
Purchase
|
125,000
|
3.6928 GBP
|
|
10p
ordinary
|
Purchase
|
125,000
|
3.7119 GBP
|
|
10p
ordinary
|
Purchase
|
125,000
|
3.6963 GBP
|
|
10p
ordinary
|
Purchase
|
125,000
|
3.7100 GBP
|
|
10p
ordinary
|
Purchase
|
84,312
|
3.7109 GBP
|
|
10p
ordinary
|
Purchase
|
70,973
|
3.6884 GBP
|
|
10p
ordinary
|
Purchase
|
65,564
|
3.7466 GBP
|
|
10p
ordinary
|
Purchase
|
43,185
|
3.7360 GBP
|
|
10p
ordinary
|
Purchase
|
28,755
|
3.7357 GBP
|
|
10p
ordinary
|
Purchase
|
24,771
|
3.7241 GBP
|
|
10p
ordinary
|
Purchase
|
23,259
|
3.7361 GBP
|
|
10p
ordinary
|
Purchase
|
20,117
|
3.7312 GBP
|
|
10p
ordinary
|
Purchase
|
19,275
|
3.7370 GBP
|
|
10p
ordinary
|
Purchase
|
19,071
|
3.6944 GBP
|
|
10p
ordinary
|
Purchase
|
18,699
|
3.7368 GBP
|
|
10p
ordinary
|
Purchase
|
17,800
|
3.7341 GBP
|
|
10p
ordinary
|
Purchase
|
16,869
|
3.7464 GBP
|
|
10p
ordinary
|
Purchase
|
12,070
|
3.6733 GBP
|
|
10p
ordinary
|
Purchase
|
11,326
|
3.7383 GBP
|
|
10p
ordinary
|
Purchase
|
8,325
|
3.7261 GBP
|
|
10p
ordinary
|
Purchase
|
6,075
|
3.7338 GBP
|
|
10p
ordinary
|
Purchase
|
5,799
|
3.6871 GBP
|
|
10p
ordinary
|
Purchase
|
5,294
|
3.6899 GBP
|
|
10p
ordinary
|
Purchase
|
3,867
|
3.7253 GBP
|
|
10p
ordinary
|
Purchase
|
3,484
|
3.7400 GBP
|
|
10p
ordinary
|
Purchase
|
2,442
|
3.6814 GBP
|
|
10p
ordinary
|
Purchase
|
1,513
|
3.6900 GBP
|
|
10p
ordinary
|
Purchase
|
1,483
|
3.6904 GBP
|
|
10p
ordinary
|
Purchase
|
1,085
|
3.7440 GBP
|
|
10p
ordinary
|
Purchase
|
905
|
3.7449 GBP
|
|
10p
ordinary
|
Purchase
|
780
|
3.6740 GBP
|
|
10p
ordinary
|
Purchase
|
771
|
3.6660 GBP
|
|
10p
ordinary
|
Purchase
|
762
|
3.7180 GBP
|
|
10p
ordinary
|
Purchase
|
725
|
3.6400 GBP
|
|
10p
ordinary
|
Purchase
|
601
|
3.7040 GBP
|
|
10p
ordinary
|
Purchase
|
485
|
3.6960 GBP
|
|
10p
ordinary
|
Purchase
|
400
|
3.7510 GBP
|
|
10p
ordinary
|
Purchase
|
301
|
3.7320 GBP
|
|
10p
ordinary
|
Purchase
|
1
|
3.7669 GBP
|
|
10p
ordinary
|
Sale
|
1,963,795
|
3.7648 GBP
|
|
10p
ordinary
|
Sale
|
589,838
|
3.7291 GBP
|
|
10p
ordinary
|
Sale
|
315,661
|
3.7063 GBP
|
|
10p
ordinary
|
Sale
|
306,027
|
3.7015 GBP
|
|
10p
ordinary
|
Sale
|
239,045
|
3.7375 GBP
|
|
10p
ordinary
|
Sale
|
236,559
|
3.7078 GBP
|
|
10p
ordinary
|
Sale
|
232,638
|
3.7677 GBP
|
|
10p
ordinary
|
Sale
|
232,369
|
3.6460 GBP
|
|
10p
ordinary
|
Sale
|
129,639
|
3.7293 GBP
|
|
10p
ordinary
|
Sale
|
108,020
|
3.7680 GBP
|
|
10p
ordinary
|
Sale
|
88,807
|
3.7401 GBP
|
|
10p
ordinary
|
Sale
|
87,317
|
3.7382 GBP
|
|
10p
ordinary
|
Sale
|
86,465
|
3.6965 GBP
|
|
10p
ordinary
|
Sale
|
81,422
|
3.7359 GBP
|
|
10p
ordinary
|
Sale
|
74,976
|
3.7119 GBP
|
|
10p
ordinary
|
Sale
|
43,778
|
3.7286 GBP
|
|
10p
ordinary
|
Sale
|
42,772
|
3.7273 GBP
|
|
10p
ordinary
|
Sale
|
27,190
|
3.7239 GBP
|
|
10p
ordinary
|
Sale
|
14,040
|
3.6994 GBP
|
|
10p
ordinary
|
Sale
|
12,651
|
3.6952 GBP
|
|
10p
ordinary
|
Sale
|
11,379
|
3.7068 GBP
|
|
10p
ordinary
|
Sale
|
8,626
|
3.6960 GBP
|
|
10p
ordinary
|
Sale
|
7,342
|
3.6976 GBP
|
|
10p
ordinary
|
Sale
|
7,284
|
3.7396 GBP
|
|
10p
ordinary
|
Sale
|
4,792
|
3.7175 GBP
|
|
10p
ordinary
|
Sale
|
4,155
|
3.6980 GBP
|
|
10p
ordinary
|
Sale
|
3,998
|
3.6892 GBP
|
|
10p
ordinary
|
Sale
|
3,514
|
3.7115 GBP
|
|
10p
ordinary
|
Sale
|
3,225
|
3.7200 GBP
|
|
10p
ordinary
|
Sale
|
3,188
|
3.6920 GBP
|
|
10p
ordinary
|
Sale
|
2,507
|
3.6702 GBP
|
|
10p
ordinary
|
Sale
|
2,371
|
3.6808 GBP
|
|
10p
ordinary
|
Sale
|
2,069
|
3.7080 GBP
|
|
10p
ordinary
|
Sale
|
1,513
|
3.6900 GBP
|
|
10p
ordinary
|
Sale
|
1,369
|
3.7400 GBP
|
|
10p
ordinary
|
Sale
|
1,020
|
3.6500 GBP
|
|
10p
ordinary
|
Sale
|
787
|
3.6701 GBP
|
|
10p
ordinary
|
Sale
|
780
|
3.6740 GBP
|
|
10p
ordinary
|
Sale
|
771
|
3.6660 GBP
|
|
10p
ordinary
|
Sale
|
763
|
3.7380 GBP
|
|
10p
ordinary
|
Sale
|
762
|
3.7180 GBP
|
|
10p
ordinary
|
Sale
|
754
|
3.7100 GBP
|
|
10p
ordinary
|
Sale
|
725
|
3.6400 GBP
|
|
10p
ordinary
|
Sale
|
722
|
3.7440 GBP
|
|
10p
ordinary
|
Sale
|
601
|
3.7040 GBP
|
|
10p
ordinary
|
Sale
|
446
|
3.7395 GBP
|
|
10p
ordinary
|
Sale
|
48
|
3.7669 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
|
363
|
3.7440 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
712
|
3.7537 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,426
|
3.7510 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
2,371
|
3.6808 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,998
|
3.6892 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
10,256
|
3.7374 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
50,127
|
3.7386 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
60,484
|
3.7676 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
64,742
|
3.7328 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
87,317
|
3.7382 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
88,807
|
3.7400 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
94,719
|
3.7680 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
232,025
|
3.7498 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
589,838
|
3.7291 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
604,712
|
3.7680 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
613,148
|
3.7680 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Long
|
81,422
|
3.7359 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Long
|
232,369
|
3.6460 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
301
|
3.7320 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
389
|
3.6400 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
394
|
3.7680 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
400
|
3.7510 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
725
|
3.6400 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
905
|
3.7449 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,190
|
3.7680 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,631
|
3.6812 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
8,904
|
3.6903 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
16,869
|
3.7464 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
19,071
|
3.6944 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
21,288
|
3.6884 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
49,685
|
3.6884 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
63,648
|
3.7337 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
65,564
|
3.7466 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
84,312
|
3.7109 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
135,000
|
3.7343 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
149,827
|
3.7356 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
315,000
|
3.7343 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:
|
23 May 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
|
|
|
|
|
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