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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
|
|
MORE
|
|
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
|
|
|
|
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:
|
|
(d)
|
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:
|
13
Jan 2025
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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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|
|
|
|
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
|
(%)
|
Number
|
(%)
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|
(1)
|
Relevant securities owned
|
|
|
|
|
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and/or controlled:
|
|
|
32,462,123
|
2.35%
|
17,824,861
|
1.29%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
|
|
12,942,130
|
0.94%
|
30,878,864
|
2.24%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
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|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
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TOTAL:
|
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45,404,253
|
3.29%
|
48,703,725
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3.53%
|
|
(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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|
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Class of
relevant
|
Purchase/sale
|
Number of
|
Price per
unit
|
|
security
|
|
securities
|
|
|
10p
ordinary
|
Purchase
|
111,507
|
5.5950 GBP
|
|
10p
ordinary
|
Purchase
|
109,069
|
5.6102 GBP
|
|
10p
ordinary
|
Purchase
|
101,787
|
5.6150 GBP
|
|
10p
ordinary
|
Purchase
|
99,121
|
5.5450 GBP
|
|
10p
ordinary
|
Purchase
|
93,027
|
5.5968 GBP
|
|
10p
ordinary
|
Purchase
|
83,630
|
5.5400 GBP
|
|
10p
ordinary
|
Purchase
|
55,000
|
5.5415 GBP
|
|
10p
ordinary
|
Purchase
|
50,635
|
5.6129 GBP
|
|
10p
ordinary
|
Purchase
|
38,642
|
5.6155 GBP
|
|
10p
ordinary
|
Purchase
|
31,390
|
5.5622 GBP
|
|
10p
ordinary
|
Purchase
|
29,074
|
5.5781 GBP
|
|
10p
ordinary
|
Purchase
|
14,938
|
5.5835 GBP
|
|
10p
ordinary
|
Purchase
|
13,355
|
5.6009 GBP
|
|
10p
ordinary
|
Purchase
|
13,251
|
5.5680 GBP
|
|
10p
ordinary
|
Purchase
|
12,249
|
5.5621 GBP
|
|
10p
ordinary
|
Purchase
|
8,470
|
5.5475 GBP
|
|
10p
ordinary
|
Purchase
|
8,448
|
5.5721 GBP
|
|
10p
ordinary
|
Purchase
|
8,362
|
5.5586 GBP
|
|
10p
ordinary
|
Purchase
|
7,032
|
5.6076 GBP
|
|
10p
ordinary
|
Purchase
|
6,668
|
5.5461 GBP
|
|
10p
ordinary
|
Purchase
|
6,596
|
5.6123 GBP
|
|
10p
ordinary
|
Purchase
|
5,407
|
5.5729 GBP
|
|
10p
ordinary
|
Purchase
|
5,255
|
5.5546 GBP
|
|
10p
ordinary
|
Purchase
|
4,966
|
5.5937 GBP
|
|
10p
ordinary
|
Purchase
|
4,863
|
5.5888 GBP
|
|
10p
ordinary
|
Purchase
|
4,761
|
5.6094 GBP
|
|
10p
ordinary
|
Purchase
|
4,376
|
5.5700 GBP
|
|
10p
ordinary
|
Purchase
|
3,878
|
5.5708 GBP
|
|
10p
ordinary
|
Purchase
|
3,871
|
5.5699 GBP
|
|
10p
ordinary
|
Purchase
|
3,767
|
5.5517 GBP
|
|
10p
ordinary
|
Purchase
|
3,721
|
5.5923 GBP
|
|
10p
ordinary
|
Purchase
|
3,653
|
5.5748 GBP
|
|
10p
ordinary
|
Purchase
|
3,628
|
5.5514 GBP
|
|
10p
ordinary
|
Purchase
|
3,450
|
5.5673 GBP
|
|
10p
ordinary
|
Purchase
|
3,243
|
5.6179 GBP
|
|
10p
ordinary
|
Purchase
|
2,676
|
5.5736 GBP
|
|
10p
ordinary
|
Purchase
|
2,380
|
5.6138 GBP
|
|
10p
ordinary
|
Purchase
|
2,172
|
5.5737 GBP
|
|
10p
ordinary
|
Purchase
|
1,870
|
5.5834 GBP
|
|
10p
ordinary
|
Purchase
|
1,485
|
5.6116 GBP
|
|
10p
ordinary
|
Purchase
|
1,245
|
5.5598 GBP
|
|
10p
ordinary
|
Purchase
|
1,201
|
5.6000 GBP
|
|
10p
ordinary
|
Purchase
|
1,186
|
5.6050 GBP
|
|
10p
ordinary
|
Purchase
|
1,116
|
5.6300 GBP
|
|
10p
ordinary
|
Purchase
|
1,096
|
5.6200 GBP
|
|
10p
ordinary
|
Purchase
|
910
|
5.6100 GBP
|
|
10p
ordinary
|
Purchase
|
875
|
5.6250 GBP
|
|
10p
ordinary
|
Purchase
|
793
|
5.6175 GBP
|
|
10p
ordinary
|
Purchase
|
708
|
5.6125 GBP
|
|
10p
ordinary
|
Purchase
|
502
|
5.5750 GBP
|
|
10p
ordinary
|
Purchase
|
340
|
5.5776 GBP
|
|
10p
ordinary
|
Sale
|
352,293
|
5.6150 GBP
|
|
10p
ordinary
|
Sale
|
251,318
|
5.6014 GBP
|
|
10p
ordinary
|
Sale
|
144,823
|
5.5665 GBP
|
|
10p
ordinary
|
Sale
|
63,262
|
5.6137 GBP
|
|
10p
ordinary
|
Sale
|
55,754
|
5.5626 GBP
|
|
10p
ordinary
|
Sale
|
54,029
|
5.5660 GBP
|
|
10p
ordinary
|
Sale
|
38,642
|
5.6155 GBP
|
|
10p
ordinary
|
Sale
|
31,087
|
5.5609 GBP
|
|
10p
ordinary
|
Sale
|
22,192
|
5.6101 GBP
|
|
10p
ordinary
|
Sale
|
19,634
|
5.6138 GBP
|
|
10p
ordinary
|
Sale
|
14,995
|
5.5791 GBP
|
|
10p
ordinary
|
Sale
|
12,249
|
5.5621 GBP
|
|
10p
ordinary
|
Sale
|
12,215
|
5.6081 GBP
|
|
10p
ordinary
|
Sale
|
11,960
|
5.6123 GBP
|
|
10p
ordinary
|
Sale
|
10,864
|
5.5688 GBP
|
|
10p
ordinary
|
Sale
|
9,617
|
5.5700 GBP
|
|
10p
ordinary
|
Sale
|
7,392
|
5.5990 GBP
|
|
10p
ordinary
|
Sale
|
7,032
|
5.6076 GBP
|
|
10p
ordinary
|
Sale
|
6,766
|
5.6033 GBP
|
|
10p
ordinary
|
Sale
|
5,255
|
5.5546 GBP
|
|
10p
ordinary
|
Sale
|
5,181
|
5.6143 GBP
|
|
10p
ordinary
|
Sale
|
4,196
|
5.6090 GBP
|
|
10p
ordinary
|
Sale
|
4,053
|
5.6106 GBP
|
|
10p
ordinary
|
Sale
|
3,923
|
5.5492 GBP
|
|
10p
ordinary
|
Sale
|
3,859
|
5.5507 GBP
|
|
10p
ordinary
|
Sale
|
3,767
|
5.5517 GBP
|
|
10p
ordinary
|
Sale
|
3,578
|
5.5797 GBP
|
|
10p
ordinary
|
Sale
|
3,137
|
5.5400 GBP
|
|
10p
ordinary
|
Sale
|
3,032
|
5.6125 GBP
|
|
10p
ordinary
|
Sale
|
3,000
|
5.5663 GBP
|
|
10p
ordinary
|
Sale
|
2,904
|
5.5945 GBP
|
|
10p
ordinary
|
Sale
|
2,601
|
5.6050 GBP
|
|
10p
ordinary
|
Sale
|
1,578
|
5.6119 GBP
|
|
10p
ordinary
|
Sale
|
1,116
|
5.6300 GBP
|
|
10p
ordinary
|
Sale
|
1,009
|
5.5819 GBP
|
|
10p
ordinary
|
Sale
|
989
|
5.6067 GBP
|
|
10p
ordinary
|
Sale
|
910
|
5.6100 GBP
|
|
10p
ordinary
|
Sale
|
875
|
5.6250 GBP
|
|
10p
ordinary
|
Sale
|
802
|
5.6175 GBP
|
|
10p
ordinary
|
Sale
|
648
|
5.5285 GBP
|
|
10p
ordinary
|
Sale
|
579
|
5.6000 GBP
|
|
10p
ordinary
|
Sale
|
549
|
5.6200 GBP
|
|
10p
ordinary
|
Sale
|
502
|
5.5750 GBP
|
|
10p
ordinary
|
Sale
|
497
|
5.5300 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
|
Increasing Short
|
80,475
|
5.5749 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,923
|
5.5492 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
31,087
|
5.5609 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
55,754
|
5.5626 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
144,823
|
5.5665 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
10,864
|
5.5688 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
16,723
|
5.5697 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
24,348
|
5.5746 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
14,995
|
5.5791 USD
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,578
|
5.5797 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,009
|
5.5819 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
63,923
|
5.5929 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
2,827
|
5.6138 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
232,581
|
5.6150 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
55,000
|
5.5415 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
3,628
|
5.5514 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
13,251
|
5.5680 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
3,653
|
5.5748 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
5,052
|
5.6150 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
512
|
5.6500 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
3,443
|
5.5396 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
6,656
|
5.5978 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
24,957
|
5.6101 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
523
|
5.6150 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
38,642
|
5.6155 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
50,000
|
5.5304 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
34,560
|
5.5640 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
10,807
|
5.6150 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
1,079
|
5.6163 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:
|
14 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
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