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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)
|
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:
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(e)
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Date position held/dealing undertaken:
|
22
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
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|
|
|
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:
|
|
|
34,657,048
|
2.51%
|
29,744,115
|
2.15%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
|
|
12,624,726
|
0.91%
|
32,264,371
|
2.34%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
47,281,774
|
3.42%
|
62,008,486
|
4.49%
|
|
(b)
|
Rights to subscribe for new securities (including directors
and other executive
|
|
|
|
options)
|
|
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|
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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
|
|
(a)
|
Purchases and sales
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|
|
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|
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Class of
relevant
|
Purchase/sale
|
Number of
|
Price per
unit
|
|
security
|
|
securities
|
|
|
10p
ordinary
|
Purchase
|
198,972
|
5.9907 GBP
|
|
10p
ordinary
|
Purchase
|
195,259
|
6.0100 GBP
|
|
10p
ordinary
|
Purchase
|
135,157
|
6.0130 GBP
|
|
10p
ordinary
|
Purchase
|
131,271
|
6.0009 GBP
|
|
10p
ordinary
|
Purchase
|
105,831
|
5.9900 GBP
|
|
10p
ordinary
|
Purchase
|
88,381
|
5.9922 GBP
|
|
10p
ordinary
|
Purchase
|
84,774
|
6.0049 GBP
|
|
10p
ordinary
|
Purchase
|
58,967
|
5.9903 GBP
|
|
10p
ordinary
|
Purchase
|
56,282
|
6.0000 GBP
|
|
10p
ordinary
|
Purchase
|
55,684
|
6.0150 GBP
|
|
10p
ordinary
|
Purchase
|
45,259
|
6.0019 GBP
|
|
10p
ordinary
|
Purchase
|
39,470
|
6.0007 GBP
|
|
10p
ordinary
|
Purchase
|
23,033
|
6.0064 GBP
|
|
10p
ordinary
|
Purchase
|
22,936
|
6.0050 GBP
|
|
10p
ordinary
|
Purchase
|
15,000
|
5.9917 GBP
|
|
10p
ordinary
|
Purchase
|
10,528
|
5.9982 GBP
|
|
10p
ordinary
|
Purchase
|
10,171
|
6.0078 GBP
|
|
10p
ordinary
|
Purchase
|
10,137
|
5.9993 GBP
|
|
10p
ordinary
|
Purchase
|
10,000
|
6.0068 GBP
|
|
10p
ordinary
|
Purchase
|
9,878
|
6.0017 GBP
|
|
10p
ordinary
|
Purchase
|
9,563
|
6.0018 GBP
|
|
10p
ordinary
|
Purchase
|
8,490
|
6.0028 GBP
|
|
10p
ordinary
|
Purchase
|
8,200
|
6.0158 GBP
|
|
10p
ordinary
|
Purchase
|
7,920
|
5.9952 GBP
|
|
10p
ordinary
|
Purchase
|
7,795
|
6.0044 GBP
|
|
10p
ordinary
|
Purchase
|
4,802
|
5.9995 GBP
|
|
10p
ordinary
|
Purchase
|
4,666
|
5.9944 GBP
|
|
10p
ordinary
|
Purchase
|
4,476
|
6.0034 GBP
|
|
10p
ordinary
|
Purchase
|
4,243
|
5.9958 GBP
|
|
10p
ordinary
|
Purchase
|
3,802
|
6.0004 GBP
|
|
10p
ordinary
|
Purchase
|
2,853
|
6.0073 GBP
|
|
10p
ordinary
|
Purchase
|
2,407
|
6.0046 GBP
|
|
10p
ordinary
|
Purchase
|
1,966
|
6.0077 GBP
|
|
10p
ordinary
|
Purchase
|
1,584
|
5.9950 GBP
|
|
10p
ordinary
|
Purchase
|
1,286
|
5.9963 GBP
|
|
10p
ordinary
|
Purchase
|
1,159
|
5.9999 GBP
|
|
10p
ordinary
|
Purchase
|
1,039
|
6.0024 GBP
|
|
10p
ordinary
|
Purchase
|
944
|
5.9956 GBP
|
|
10p
ordinary
|
Purchase
|
598
|
6.0003 GBP
|
|
10p
ordinary
|
Purchase
|
556
|
6.0025 GBP
|
|
10p
ordinary
|
Purchase
|
280
|
5.9800 GBP
|
|
10p
ordinary
|
Purchase
|
45
|
6.0327 GBP
|
|
10p
ordinary
|
Purchase
|
25
|
6.0350 GBP
|
|
10p
ordinary
|
Purchase
|
20
|
6.0300 GBP
|
|
10p
ordinary
|
Purchase
|
1
|
6.0098 GBP
|
|
10p
ordinary
|
Sale
|
143,048
|
5.9989 GBP
|
|
10p
ordinary
|
Sale
|
138,269
|
6.0000 GBP
|
|
10p
ordinary
|
Sale
|
118,437
|
6.0016 GBP
|
|
10p
ordinary
|
Sale
|
115,607
|
5.9933 GBP
|
|
10p
ordinary
|
Sale
|
105,888
|
5.9900 GBP
|
|
10p
ordinary
|
Sale
|
75,003
|
5.9893 GBP
|
|
10p
ordinary
|
Sale
|
65,376
|
6.0010 GBP
|
|
10p
ordinary
|
Sale
|
58,967
|
5.9903 GBP
|
|
10p
ordinary
|
Sale
|
55,684
|
6.0171 GBP
|
|
10p
ordinary
|
Sale
|
51,615
|
6.0005 GBP
|
|
10p
ordinary
|
Sale
|
27,500
|
5.9971 GBP
|
|
10p
ordinary
|
Sale
|
27,339
|
5.9985 GBP
|
|
10p
ordinary
|
Sale
|
20,993
|
5.9993 GBP
|
|
10p
ordinary
|
Sale
|
19,792
|
5.9931 GBP
|
|
10p
ordinary
|
Sale
|
15,948
|
5.9936 GBP
|
|
10p
ordinary
|
Sale
|
11,496
|
6.0038 GBP
|
|
10p
ordinary
|
Sale
|
7,368
|
5.9967 GBP
|
|
10p
ordinary
|
Sale
|
4,802
|
5.9995 GBP
|
|
10p
ordinary
|
Sale
|
4,537
|
5.9992 GBP
|
|
10p
ordinary
|
Sale
|
4,476
|
6.0034 GBP
|
|
10p
ordinary
|
Sale
|
3,426
|
5.9958 GBP
|
|
10p
ordinary
|
Sale
|
2,549
|
6.0050 GBP
|
|
10p
ordinary
|
Sale
|
1,946
|
6.0041 GBP
|
|
10p
ordinary
|
Sale
|
1,670
|
5.9975 GBP
|
|
10p
ordinary
|
Sale
|
1,164
|
6.0060 GBP
|
|
10p
ordinary
|
Sale
|
752
|
6.0056 GBP
|
|
10p
ordinary
|
Sale
|
579
|
6.0006 GBP
|
|
10p
ordinary
|
Sale
|
552
|
5.9750 GBP
|
|
10p
ordinary
|
Sale
|
333
|
6.0399 GBP
|
|
10p
ordinary
|
Sale
|
81
|
6.0338 GBP
|
|
10p
ordinary
|
Sale
|
81
|
5.9954 GBP
|
|
10p
ordinary
|
Sale
|
36
|
5.9970 GBP
|
|
10p
ordinary
|
Sale
|
25
|
6.0350 GBP
|
|
10p
ordinary
|
Sale
|
20
|
6.0300 GBP
|
|
10p
ordinary
|
Sale
|
19
|
6.0107 GBP
|
|
10p
ordinary
|
Sale
|
1
|
6.0057 GBP
|
|
10p
ordinary
|
Sale
|
1
|
6.0100 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
|
13,024
|
5.9980 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
75,003
|
5.9893 USD
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
3,782
|
5.9900 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
19,792
|
5.9931 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
21,769
|
5.9962 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
27,500
|
5.9971 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
6,125
|
5.9972 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
100,000
|
5.9985 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
400,000
|
5.9985 USD
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
81,606
|
6.0001 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
1,946
|
6.0041 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
752
|
6.0056 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
55,684
|
6.0171 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
333
|
6.0399 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
63
|
6.0400 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
99,850
|
5.9606 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
51,015
|
5.9900 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
57,710
|
5.9908 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
944
|
5.9956 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
100,000
|
5.9985 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
150,000
|
5.9985 USD
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
153,646
|
5.9989 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,159
|
5.9999 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
62,915
|
6.0030 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
78,543
|
6.0049 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
21,556
|
6.0050 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
23,033
|
6.0064 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,966
|
6.0077 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
364
|
6.0100 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
135,157
|
6.0130 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,744
|
5.9900 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
58,967
|
5.9903 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
4,047
|
5.9923 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
30,000
|
5.9979 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
31,132
|
5.9900 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
465
|
6.0503 GBP
|
|
10p
ordinary
|
SWAP
|
Closing
Short
|
4,537
|
5.9993 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 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
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|
