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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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21
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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|
|
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and/or controlled:
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34,242,544
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2.48%
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29,729,791
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2.15%
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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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12,548,639
|
0.91%
|
32,142,899
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2.33%
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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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46,791,183
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3.39%
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61,872,690
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4.48%
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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
|
|
|
10p
ordinary
|
Purchase
|
429,929
|
6.0150 GBP
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|
10p
ordinary
|
Purchase
|
325,735
|
5.9497 GBP
|
|
10p
ordinary
|
Purchase
|
89,343
|
6.0100 GBP
|
|
10p
ordinary
|
Purchase
|
73,340
|
6.0042 GBP
|
|
10p
ordinary
|
Purchase
|
55,185
|
5.9429 GBP
|
|
10p
ordinary
|
Purchase
|
37,076
|
5.9648 GBP
|
|
10p
ordinary
|
Purchase
|
24,770
|
5.9645 GBP
|
|
10p
ordinary
|
Purchase
|
22,551
|
5.9672 GBP
|
|
10p
ordinary
|
Purchase
|
21,441
|
5.9206 GBP
|
|
10p
ordinary
|
Purchase
|
21,272
|
5.9855 GBP
|
|
10p
ordinary
|
Purchase
|
17,785
|
5.9674 GBP
|
|
10p
ordinary
|
Purchase
|
13,923
|
5.9538 GBP
|
|
10p
ordinary
|
Purchase
|
12,686
|
5.9319 GBP
|
|
10p
ordinary
|
Purchase
|
10,334
|
5.9223 GBP
|
|
10p
ordinary
|
Purchase
|
10,299
|
5.9522 GBP
|
|
10p
ordinary
|
Purchase
|
7,182
|
5.9688 GBP
|
|
10p
ordinary
|
Purchase
|
6,581
|
5.9553 GBP
|
|
10p
ordinary
|
Purchase
|
6,412
|
5.9240 GBP
|
|
10p
ordinary
|
Purchase
|
6,250
|
5.9545 GBP
|
|
10p
ordinary
|
Purchase
|
5,953
|
5.9743 GBP
|
|
10p
ordinary
|
Purchase
|
5,497
|
5.9443 GBP
|
|
10p
ordinary
|
Purchase
|
3,825
|
5.9427 GBP
|
|
10p
ordinary
|
Purchase
|
3,711
|
5.9041 GBP
|
|
10p
ordinary
|
Purchase
|
3,294
|
5.8950 GBP
|
|
10p
ordinary
|
Purchase
|
3,284
|
6.0013 GBP
|
|
10p
ordinary
|
Purchase
|
3,159
|
6.0105 GBP
|
|
10p
ordinary
|
Purchase
|
2,820
|
5.9466 GBP
|
|
10p
ordinary
|
Purchase
|
2,525
|
5.9835 GBP
|
|
10p
ordinary
|
Purchase
|
2,295
|
5.9598 GBP
|
|
10p
ordinary
|
Purchase
|
2,248
|
5.9817 GBP
|
|
10p
ordinary
|
Purchase
|
2,199
|
5.9650 GBP
|
|
10p
ordinary
|
Purchase
|
2,168
|
6.0006 GBP
|
|
10p
ordinary
|
Purchase
|
1,808
|
5.9619 GBP
|
|
10p
ordinary
|
Purchase
|
1,807
|
5.9915 GBP
|
|
10p
ordinary
|
Purchase
|
1,515
|
5.9420 GBP
|
|
10p
ordinary
|
Purchase
|
1,348
|
6.0040 GBP
|
|
10p
ordinary
|
Purchase
|
1,281
|
5.9092 GBP
|
|
10p
ordinary
|
Purchase
|
1,185
|
6.0025 GBP
|
|
10p
ordinary
|
Purchase
|
1,101
|
6.0012 GBP
|
|
10p
ordinary
|
Purchase
|
1,000
|
5.9217 GBP
|
|
10p
ordinary
|
Purchase
|
990
|
5.9968 GBP
|
|
10p
ordinary
|
Purchase
|
561
|
5.9100 GBP
|
|
10p
ordinary
|
Purchase
|
456
|
5.9702 GBP
|
|
10p
ordinary
|
Purchase
|
437
|
6.0068 GBP
|
|
10p
ordinary
|
Purchase
|
358
|
5.9200 GBP
|
|
10p
ordinary
|
Purchase
|
190
|
5.9125 GBP
|
|
10p
ordinary
|
Purchase
|
32
|
6.0248 GBP
|
|
10p
ordinary
|
Purchase
|
32
|
6.0250 GBP
|
|
10p
ordinary
|
Sale
|
174,179
|
5.9962 GBP
|
|
10p
ordinary
|
Sale
|
109,523
|
5.9389 GBP
|
|
10p
ordinary
|
Sale
|
100,000
|
6.0057 GBP
|
|
10p
ordinary
|
Sale
|
95,755
|
6.0150 GBP
|
|
10p
ordinary
|
Sale
|
16,500
|
5.9890 GBP
|
|
10p
ordinary
|
Sale
|
14,836
|
5.9729 GBP
|
|
10p
ordinary
|
Sale
|
14,041
|
5.9822 GBP
|
|
10p
ordinary
|
Sale
|
13,959
|
5.9809 GBP
|
|
10p
ordinary
|
Sale
|
11,542
|
5.9591 GBP
|
|
10p
ordinary
|
Sale
|
7,798
|
5.9858 GBP
|
|
10p
ordinary
|
Sale
|
6,602
|
5.9237 GBP
|
|
10p
ordinary
|
Sale
|
6,543
|
6.0126 GBP
|
|
10p
ordinary
|
Sale
|
5,713
|
5.9687 GBP
|
|
10p
ordinary
|
Sale
|
4,463
|
6.0137 GBP
|
|
10p
ordinary
|
Sale
|
3,960
|
6.0032 GBP
|
|
10p
ordinary
|
Sale
|
3,455
|
5.9147 GBP
|
|
10p
ordinary
|
Sale
|
2,923
|
5.9852 GBP
|
|
10p
ordinary
|
Sale
|
1,923
|
6.0062 GBP
|
|
10p
ordinary
|
Sale
|
1,774
|
5.9200 GBP
|
|
10p
ordinary
|
Sale
|
1,423
|
5.9150 GBP
|
|
10p
ordinary
|
Sale
|
1,092
|
5.9600 GBP
|
|
10p
ordinary
|
Sale
|
994
|
6.0050 GBP
|
|
10p
ordinary
|
Sale
|
548
|
6.0075 GBP
|
|
10p
ordinary
|
Sale
|
418
|
5.9199 GBP
|
|
10p
ordinary
|
Sale
|
32
|
6.0250 GBP
|
|
|
|
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(b)
|
Cash-settled derivative transactions
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|
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Class of
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Product
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Nature of
dealing
|
Number of
|
Price per
|
|
relevant
|
description
|
|
reference
|
unit
|
|
security
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|
|
securities
|
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
116,670
|
5.9704 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
12,857
|
5.9754 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,455
|
5.9147 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
418
|
5.9199 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
5,082
|
5.9386 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
109,523
|
5.9389 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,092
|
5.9600 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
14,836
|
5.9729 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
5,086
|
6.0009 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
4,463
|
6.0137 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
27,732
|
6.0150 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
69,319
|
6.0154 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,281
|
5.9092 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
21,441
|
5.9206 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,000
|
5.9218 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
250,000
|
5.9257 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
16,648
|
5.9284 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
10,526
|
5.9327 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
55,185
|
5.9429 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
456
|
5.9701 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
134,073
|
5.9776 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,248
|
5.9817 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,807
|
5.9915 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
437
|
6.0068 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
29,297
|
6.0137 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
189,536
|
6.0150 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
358
|
5.9200 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
30,000
|
5.9958 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,703
|
6.0150 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
3
|
6.0166 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
239,001
|
5.9296 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
96,064
|
6.0150 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
3
|
6.0166 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,960
|
6.0032 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
100,000
|
6.0058 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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
|
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(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:
|
22 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
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