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")
|
1.
|
KEY
INFORMATION
|
(a)
|
Full name of discloser:
|
|
Barclays PLC.
|
(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:
|
07
May 2024
|
(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
|
|
2.
|
POSITIONS OF THE PERSON MAKING THE DISCLOSURE
|
(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:
|
|
|
22,488,403
|
1.63%
|
20,364,114
|
1.48%
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
and/or controlled:
|
|
|
7,985,091
|
0.58%
|
20,493,352
|
1.49%
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
30,473,494
|
2.21%
|
40,857,466
|
2.96%
|
(b)
|
Rights to subscribe for new securities (including directors
and other executive
|
|
|
options)
|
|
|
|
|
|
|
Class of relevant security in relation to
|
|
|
|
|
which subscription right exists
|
|
|
|
|
Details, including nature of the rights
|
|
|
|
|
concerned and relevant percentages:
|
|
|
|
|
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
|
1,612,258
|
3.5847 GBP
|
10p
ordinary
|
Purchase
|
756,540
|
3.5692 GBP
|
10p
ordinary
|
Purchase
|
706,801
|
3.5882 GBP
|
10p
ordinary
|
Purchase
|
481,592
|
3.6113 GBP
|
10p
ordinary
|
Purchase
|
339,154
|
3.5809 GBP
|
10p
ordinary
|
Purchase
|
327,758
|
3.5800 GBP
|
10p
ordinary
|
Purchase
|
308,203
|
3.6250 GBP
|
10p
ordinary
|
Purchase
|
286,964
|
3.6470 GBP
|
10p
ordinary
|
Purchase
|
242,727
|
3.6396 GBP
|
10p
ordinary
|
Purchase
|
218,400
|
3.6222 GBP
|
10p
ordinary
|
Purchase
|
167,687
|
3.6292 GBP
|
10p
ordinary
|
Purchase
|
145,194
|
3.6445 GBP
|
10p
ordinary
|
Purchase
|
97,000
|
3.6793 GBP
|
10p
ordinary
|
Purchase
|
78,017
|
3.6610 GBP
|
10p
ordinary
|
Purchase
|
78,017
|
3.5740 GBP
|
10p
ordinary
|
Purchase
|
68,802
|
3.6376 GBP
|
10p
ordinary
|
Purchase
|
62,778
|
3.6954 GBP
|
10p
ordinary
|
Purchase
|
57,891
|
3.6111 GBP
|
10p
ordinary
|
Purchase
|
56,855
|
3.6331 GBP
|
10p
ordinary
|
Purchase
|
49,733
|
3.6405 GBP
|
10p
ordinary
|
Purchase
|
47,448
|
3.5871 GBP
|
10p
ordinary
|
Purchase
|
47,181
|
3.6041 GBP
|
10p
ordinary
|
Purchase
|
42,160
|
3.6814 GBP
|
10p
ordinary
|
Purchase
|
34,436
|
3.6275 GBP
|
10p
ordinary
|
Purchase
|
32,514
|
3.6700 GBP
|
10p
ordinary
|
Purchase
|
26,437
|
3.6433 GBP
|
10p
ordinary
|
Purchase
|
24,835
|
3.6440 GBP
|
10p
ordinary
|
Purchase
|
24,120
|
3.6583 GBP
|
10p
ordinary
|
Purchase
|
20,497
|
3.6249 GBP
|
10p
ordinary
|
Purchase
|
17,197
|
3.5487 GBP
|
10p
ordinary
|
Purchase
|
15,015
|
3.5983 GBP
|
10p
ordinary
|
Purchase
|
13,960
|
3.6691 GBP
|
10p
ordinary
|
Purchase
|
10,125
|
3.6351 GBP
|
10p
ordinary
|
Purchase
|
9,325
|
3.6422 GBP
|
10p
ordinary
|
Purchase
|
9,002
|
3.6125 GBP
|
10p
ordinary
|
Purchase
|
8,129
|
3.5520 GBP
|
10p
ordinary
|
Purchase
|
7,364
|
3.6666 GBP
|
10p
ordinary
|
Purchase
|
6,747
|
3.6537 GBP
|
10p
ordinary
|
Purchase
|
5,186
|
3.5400 GBP
|
10p
ordinary
|
Purchase
|
4,172
|
3.6465 GBP
|
10p
ordinary
|
Purchase
|
4,047
|
3.6025 GBP
|
10p
ordinary
|
Purchase
|
3,497
|
3.5900 GBP
|
10p
ordinary
|
Purchase
|
3,431
|
3.6527 GBP
|
10p
ordinary
|
Purchase
|
2,868
|
3.6478 GBP
|
10p
ordinary
|
Purchase
|
2,797
|
3.6020 GBP
|
10p
ordinary
|
Purchase
|
2,697
|
3.5691 GBP
|
10p
ordinary
|
Purchase
|
2,619
|
3.6140 GBP
|
10p
ordinary
|
Purchase
|
2,289
|
3.5820 GBP
|
10p
ordinary
|
Purchase
|
2,219
|
3.7020 GBP
|
10p
ordinary
|
Purchase
|
2,215
|
3.6875 GBP
|
10p
ordinary
|
Purchase
|
1,865
|
3.5920 GBP
|
10p
ordinary
|
Purchase
|
1,511
|
3.5780 GBP
|
10p
ordinary
|
Purchase
|
1,471
|
3.5560 GBP
|
10p
ordinary
|
Purchase
|
1,373
|
3.7160 GBP
|
10p
ordinary
|
Purchase
|
1,342
|
3.6602 GBP
|
10p
ordinary
|
Purchase
|
1,260
|
3.5320 GBP
|
10p
ordinary
|
Purchase
|
1,218
|
3.6200 GBP
|
10p
ordinary
|
Purchase
|
1,161
|
3.5500 GBP
|
10p
ordinary
|
Purchase
|
1,075
|
3.5640 GBP
|
10p
ordinary
|
Purchase
|
1,068
|
3.5880 GBP
|
10p
ordinary
|
Purchase
|
1,065
|
3.6540 GBP
|
10p
ordinary
|
Purchase
|
1,001
|
3.7060 GBP
|
10p
ordinary
|
Purchase
|
999
|
3.6660 GBP
|
10p
ordinary
|
Purchase
|
985
|
3.5660 GBP
|
10p
ordinary
|
Purchase
|
952
|
3.6000 GBP
|
10p
ordinary
|
Purchase
|
937
|
3.5460 GBP
|
10p
ordinary
|
Purchase
|
933
|
3.5760 GBP
|
10p
ordinary
|
Purchase
|
902
|
3.6080 GBP
|
10p
ordinary
|
Purchase
|
866
|
3.5940 GBP
|
10p
ordinary
|
Purchase
|
852
|
3.6160 GBP
|
10p
ordinary
|
Purchase
|
778
|
3.6180 GBP
|
10p
ordinary
|
Purchase
|
778
|
3.6100 GBP
|
10p
ordinary
|
Purchase
|
410
|
3.5840 GBP
|
10p
ordinary
|
Purchase
|
367
|
3.6600 GBP
|
10p
ordinary
|
Purchase
|
276
|
3.5789 GBP
|
10p
ordinary
|
Purchase
|
194
|
3.6860 GBP
|
10p
ordinary
|
Purchase
|
154
|
3.6480 GBP
|
10p
ordinary
|
Purchase
|
121
|
3.6120 GBP
|
10p
ordinary
|
Sale
|
11,123,514
|
3.6700 GBP
|
10p
ordinary
|
Sale
|
702,408
|
3.5800 GBP
|
10p
ordinary
|
Sale
|
532,103
|
3.6376 GBP
|
10p
ordinary
|
Sale
|
526,533
|
3.5762 GBP
|
10p
ordinary
|
Sale
|
521,923
|
3.5830 GBP
|
10p
ordinary
|
Sale
|
432,728
|
3.6069 GBP
|
10p
ordinary
|
Sale
|
394,713
|
3.5785 GBP
|
10p
ordinary
|
Sale
|
389,327
|
3.6063 GBP
|
10p
ordinary
|
Sale
|
383,669
|
3.6384 GBP
|
10p
ordinary
|
Sale
|
378,709
|
3.5692 GBP
|
10p
ordinary
|
Sale
|
350,983
|
3.6120 GBP
|
10p
ordinary
|
Sale
|
323,052
|
3.5633 GBP
|
10p
ordinary
|
Sale
|
167,321
|
3.5271 GBP
|
10p
ordinary
|
Sale
|
143,300
|
3.6415 GBP
|
10p
ordinary
|
Sale
|
141,274
|
3.5516 GBP
|
10p
ordinary
|
Sale
|
97,000
|
3.4806 GBP
|
10p
ordinary
|
Sale
|
78,017
|
3.5740 GBP
|
10p
ordinary
|
Sale
|
65,851
|
3.5313 GBP
|
10p
ordinary
|
Sale
|
54,399
|
3.6589 GBP
|
10p
ordinary
|
Sale
|
50,167
|
3.6083 GBP
|
10p
ordinary
|
Sale
|
47,448
|
3.5874 GBP
|
10p
ordinary
|
Sale
|
47,181
|
3.6045 GBP
|
10p
ordinary
|
Sale
|
27,169
|
3.5907 GBP
|
10p
ordinary
|
Sale
|
26,069
|
3.6592 GBP
|
10p
ordinary
|
Sale
|
14,121
|
3.5975 GBP
|
10p
ordinary
|
Sale
|
12,572
|
3.5734 GBP
|
10p
ordinary
|
Sale
|
12,430
|
3.6614 GBP
|
10p
ordinary
|
Sale
|
11,694
|
3.5805 GBP
|
10p
ordinary
|
Sale
|
7,993
|
3.5871 GBP
|
10p
ordinary
|
Sale
|
6,033
|
3.5173 GBP
|
10p
ordinary
|
Sale
|
5,186
|
3.5400 GBP
|
10p
ordinary
|
Sale
|
4,365
|
3.6475 GBP
|
10p
ordinary
|
Sale
|
3,687
|
3.5326 GBP
|
10p
ordinary
|
Sale
|
3,497
|
3.5900 GBP
|
10p
ordinary
|
Sale
|
2,815
|
3.5695 GBP
|
10p
ordinary
|
Sale
|
2,797
|
3.6020 GBP
|
10p
ordinary
|
Sale
|
2,740
|
3.5337 GBP
|
10p
ordinary
|
Sale
|
2,697
|
3.5694 GBP
|
10p
ordinary
|
Sale
|
2,619
|
3.6140 GBP
|
10p
ordinary
|
Sale
|
2,560
|
3.6060 GBP
|
10p
ordinary
|
Sale
|
2,523
|
3.5860 GBP
|
10p
ordinary
|
Sale
|
2,289
|
3.5820 GBP
|
10p
ordinary
|
Sale
|
2,223
|
3.5881 GBP
|
10p
ordinary
|
Sale
|
2,219
|
3.7020 GBP
|
10p
ordinary
|
Sale
|
1,865
|
3.5920 GBP
|
10p
ordinary
|
Sale
|
1,511
|
3.5780 GBP
|
10p
ordinary
|
Sale
|
1,471
|
3.5560 GBP
|
10p
ordinary
|
Sale
|
1,294
|
3.7060 GBP
|
10p
ordinary
|
Sale
|
1,260
|
3.5320 GBP
|
10p
ordinary
|
Sale
|
1,218
|
3.6200 GBP
|
10p
ordinary
|
Sale
|
1,161
|
3.5500 GBP
|
10p
ordinary
|
Sale
|
1,079
|
3.6596 GBP
|
10p
ordinary
|
Sale
|
1,075
|
3.5640 GBP
|
10p
ordinary
|
Sale
|
1,068
|
3.5880 GBP
|
10p
ordinary
|
Sale
|
1,065
|
3.6540 GBP
|
10p
ordinary
|
Sale
|
1,002
|
3.5720 GBP
|
10p
ordinary
|
Sale
|
999
|
3.6660 GBP
|
10p
ordinary
|
Sale
|
985
|
3.5660 GBP
|
10p
ordinary
|
Sale
|
952
|
3.6000 GBP
|
10p
ordinary
|
Sale
|
942
|
3.5340 GBP
|
10p
ordinary
|
Sale
|
937
|
3.5460 GBP
|
10p
ordinary
|
Sale
|
933
|
3.5760 GBP
|
10p
ordinary
|
Sale
|
902
|
3.6080 GBP
|
10p
ordinary
|
Sale
|
885
|
3.6440 GBP
|
10p
ordinary
|
Sale
|
852
|
3.6160 GBP
|
10p
ordinary
|
Sale
|
778
|
3.6180 GBP
|
10p
ordinary
|
Sale
|
778
|
3.6100 GBP
|
10p
ordinary
|
Sale
|
410
|
3.5840 GBP
|
10p
ordinary
|
Sale
|
367
|
3.6600 GBP
|
10p
ordinary
|
Sale
|
194
|
3.6860 GBP
|
10p
ordinary
|
Sale
|
154
|
3.6480 GBP
|
10p
ordinary
|
Sale
|
110,915
|
3.5789 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
|
145,194
|
3.6445 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
293
|
3.7060 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
4,365
|
3.6475 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
15,473
|
3.5800 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
19,814
|
3.6553 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
170,714
|
3.5710 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
192,059
|
3.6275 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
213,923
|
3.5800 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
237,027
|
3.6324 GBP
|
10p
ordinary
|
CFD
|
Decreasing Short
|
274,689
|
3.5652 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
323,052
|
3.5633 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
378,709
|
3.5692 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
432,728
|
3.6069 GBP
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
526,533
|
3.5762 GBP
|
10p
ordinary
|
SWAP
|
Increasing Long
|
54,399
|
3.6589 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,342
|
3.6602 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,215
|
3.6875 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,240
|
3.6860 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,715
|
3.5823 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
4,047
|
3.6025 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
6,747
|
3.6537 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
7,364
|
3.6666 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
10,125
|
3.6351 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
11,072
|
3.6583 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
13,695
|
3.6406 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
16,325
|
3.5669 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
17,197
|
3.5488 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
32,514
|
3.6700 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
45,423
|
3.5803 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
68,802
|
3.6376 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
84,259
|
3.5841 GBP
|
10p
ordinary
|
CFD
|
Increasing Short
|
104,810
|
3.5800 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
167,687
|
3.6292 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
352,618
|
3.5800 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
406,934
|
3.6269 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
448,631
|
3.6214 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
551,175
|
3.5802 GBP
|
10p
ordinary
|
SWAP
|
Increasing Short
|
756,540
|
3.5692 GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
17,800
|
3.6527 GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
28,780
|
3.5803 GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
33,370
|
3.6013 GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
44,747
|
3.5322 GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
47,800
|
3.4181 GBP
|
10p
ordinary
|
SWAP
|
Opening
Long
|
57,800
|
3.5301 GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
61,933
|
3.6553 GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
218,400
|
3.6222 GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
506,106
|
3.5800 GBP
|
10p
ordinary
|
SWAP
|
Opening
Short
|
568,039
|
3.5873 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:
|
08 May 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|