|
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:
|
13
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 CO
|
|
|
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:
|
|
|
24,601,025
|
1.78%
|
19,151,603
|
1.39%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
|
|
8,125,639
|
0.59%
|
23,142,772
|
1.68%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
32,726,664
|
2.37%
|
42,294,375
|
3.07%
|
|
(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
|
438,596
|
3.6542 GBP
|
|
10p
ordinary
|
Purchase
|
261,858
|
3.6709 GBP
|
|
10p
ordinary
|
Purchase
|
237,106
|
3.6680 GBP
|
|
10p
ordinary
|
Purchase
|
213,716
|
3.6630 GBP
|
|
10p
ordinary
|
Purchase
|
162,117
|
3.6675 GBP
|
|
10p
ordinary
|
Purchase
|
159,667
|
3.6706 GBP
|
|
10p
ordinary
|
Purchase
|
138,385
|
3.6490 GBP
|
|
10p
ordinary
|
Purchase
|
99,089
|
3.6761 GBP
|
|
10p
ordinary
|
Purchase
|
92,320
|
3.6701 GBP
|
|
10p
ordinary
|
Purchase
|
83,486
|
3.6594 GBP
|
|
10p
ordinary
|
Purchase
|
70,116
|
3.6654 GBP
|
|
10p
ordinary
|
Purchase
|
44,206
|
3.6704 GBP
|
|
10p
ordinary
|
Purchase
|
23,100
|
3.6657 GBP
|
|
10p
ordinary
|
Purchase
|
11,066
|
3.6861 GBP
|
|
10p
ordinary
|
Purchase
|
8,346
|
3.6527 GBP
|
|
10p
ordinary
|
Purchase
|
7,918
|
3.6498 GBP
|
|
10p
ordinary
|
Purchase
|
7,883
|
3.6896 GBP
|
|
10p
ordinary
|
Purchase
|
7,235
|
3.6195 GBP
|
|
10p
ordinary
|
Purchase
|
6,614
|
3.6574 GBP
|
|
10p
ordinary
|
Purchase
|
6,451
|
3.6849 GBP
|
|
10p
ordinary
|
Purchase
|
6,391
|
3.6913 GBP
|
|
10p
ordinary
|
Purchase
|
5,735
|
3.6240 GBP
|
|
10p
ordinary
|
Purchase
|
5,673
|
3.6504 GBP
|
|
10p
ordinary
|
Purchase
|
5,303
|
3.6431 GBP
|
|
10p
ordinary
|
Purchase
|
4,927
|
3.6552 GBP
|
|
10p
ordinary
|
Purchase
|
4,239
|
3.6760 GBP
|
|
10p
ordinary
|
Purchase
|
4,030
|
3.6860 GBP
|
|
10p
ordinary
|
Purchase
|
3,425
|
3.6858 GBP
|
|
10p
ordinary
|
Purchase
|
3,305
|
3.6407 GBP
|
|
10p
ordinary
|
Purchase
|
3,278
|
3.6740 GBP
|
|
10p
ordinary
|
Purchase
|
2,992
|
3.6220 GBP
|
|
10p
ordinary
|
Purchase
|
2,778
|
3.6425 GBP
|
|
10p
ordinary
|
Purchase
|
2,649
|
3.6847 GBP
|
|
10p
ordinary
|
Purchase
|
2,632
|
3.6351 GBP
|
|
10p
ordinary
|
Purchase
|
2,481
|
3.6480 GBP
|
|
10p
ordinary
|
Purchase
|
2,452
|
3.6780 GBP
|
|
10p
ordinary
|
Purchase
|
2,402
|
3.6583 GBP
|
|
10p
ordinary
|
Purchase
|
2,196
|
3.6260 GBP
|
|
10p
ordinary
|
Purchase
|
2,194
|
3.6140 GBP
|
|
10p
ordinary
|
Purchase
|
2,162
|
3.6610 GBP
|
|
10p
ordinary
|
Purchase
|
2,094
|
3.6720 GBP
|
|
10p
ordinary
|
Purchase
|
1,987
|
3.6365 GBP
|
|
10p
ordinary
|
Purchase
|
1,981
|
3.6894 GBP
|
|
10p
ordinary
|
Purchase
|
1,838
|
3.6306 GBP
|
|
10p
ordinary
|
Purchase
|
1,792
|
3.6360 GBP
|
|
10p
ordinary
|
Purchase
|
1,761
|
3.6500 GBP
|
|
10p
ordinary
|
Purchase
|
1,722
|
3.6960 GBP
|
|
10p
ordinary
|
Purchase
|
1,719
|
3.6440 GBP
|
|
10p
ordinary
|
Purchase
|
1,717
|
3.6700 GBP
|
|
10p
ordinary
|
Purchase
|
1,706
|
3.6449 GBP
|
|
10p
ordinary
|
Purchase
|
1,705
|
3.6540 GBP
|
|
10p
ordinary
|
Purchase
|
1,676
|
3.6419 GBP
|
|
10p
ordinary
|
Purchase
|
1,670
|
3.6380 GBP
|
|
10p
ordinary
|
Purchase
|
1,657
|
3.6400 GBP
|
|
10p
ordinary
|
Purchase
|
1,585
|
3.6120 GBP
|
|
10p
ordinary
|
Purchase
|
1,575
|
3.6880 GBP
|
|
10p
ordinary
|
Purchase
|
1,505
|
3.6160 GBP
|
|
10p
ordinary
|
Purchase
|
942
|
3.6180 GBP
|
|
10p
ordinary
|
Purchase
|
880
|
3.6460 GBP
|
|
10p
ordinary
|
Purchase
|
845
|
3.6920 GBP
|
|
10p
ordinary
|
Purchase
|
824
|
3.6570 GBP
|
|
10p
ordinary
|
Purchase
|
821
|
3.6800 GBP
|
|
10p
ordinary
|
Purchase
|
813
|
3.6900 GBP
|
|
10p
ordinary
|
Purchase
|
811
|
3.6940 GBP
|
|
10p
ordinary
|
Purchase
|
805
|
3.6340 GBP
|
|
10p
ordinary
|
Purchase
|
798
|
3.6660 GBP
|
|
10p
ordinary
|
Purchase
|
780
|
3.6280 GBP
|
|
10p
ordinary
|
Purchase
|
775
|
3.7080 GBP
|
|
10p
ordinary
|
Purchase
|
775
|
3.6980 GBP
|
|
10p
ordinary
|
Purchase
|
650
|
3.6300 GBP
|
|
10p
ordinary
|
Sale
|
409,009
|
3.6635 GBP
|
|
10p
ordinary
|
Sale
|
387,422
|
3.6644 GBP
|
|
10p
ordinary
|
Sale
|
128,214
|
3.6672 GBP
|
|
10p
ordinary
|
Sale
|
116,836
|
3.6781 GBP
|
|
10p
ordinary
|
Sale
|
98,202
|
3.6680 GBP
|
|
10p
ordinary
|
Sale
|
92,320
|
3.6701 GBP
|
|
10p
ordinary
|
Sale
|
71,811
|
3.6622 GBP
|
|
10p
ordinary
|
Sale
|
53,175
|
3.6507 GBP
|
|
10p
ordinary
|
Sale
|
44,206
|
3.6704 GBP
|
|
10p
ordinary
|
Sale
|
35,700
|
3.6259 GBP
|
|
10p
ordinary
|
Sale
|
32,294
|
3.6764 GBP
|
|
10p
ordinary
|
Sale
|
30,611
|
3.6863 GBP
|
|
10p
ordinary
|
Sale
|
27,280
|
3.6599 GBP
|
|
10p
ordinary
|
Sale
|
25,105
|
3.6520 GBP
|
|
10p
ordinary
|
Sale
|
24,363
|
3.6373 GBP
|
|
10p
ordinary
|
Sale
|
21,949
|
3.6291 GBP
|
|
10p
ordinary
|
Sale
|
17,183
|
3.6340 GBP
|
|
10p
ordinary
|
Sale
|
16,185
|
3.6700 GBP
|
|
10p
ordinary
|
Sale
|
14,852
|
3.6581 GBP
|
|
10p
ordinary
|
Sale
|
13,625
|
3.6637 GBP
|
|
10p
ordinary
|
Sale
|
12,686
|
3.6486 GBP
|
|
10p
ordinary
|
Sale
|
10,266
|
3.6871 GBP
|
|
10p
ordinary
|
Sale
|
9,728
|
3.6454 GBP
|
|
10p
ordinary
|
Sale
|
9,160
|
3.6536 GBP
|
|
10p
ordinary
|
Sale
|
6,451
|
3.6849 GBP
|
|
10p
ordinary
|
Sale
|
6,391
|
3.6913 GBP
|
|
10p
ordinary
|
Sale
|
6,044
|
3.6901 GBP
|
|
10p
ordinary
|
Sale
|
5,735
|
3.6240 GBP
|
|
10p
ordinary
|
Sale
|
5,625
|
3.6794 GBP
|
|
10p
ordinary
|
Sale
|
5,049
|
3.6609 GBP
|
|
10p
ordinary
|
Sale
|
4,446
|
3.6757 GBP
|
|
10p
ordinary
|
Sale
|
4,239
|
3.6760 GBP
|
|
10p
ordinary
|
Sale
|
4,208
|
3.6860 GBP
|
|
10p
ordinary
|
Sale
|
4,078
|
3.6740 GBP
|
|
10p
ordinary
|
Sale
|
3,971
|
3.6197 GBP
|
|
10p
ordinary
|
Sale
|
3,804
|
3.6636 GBP
|
|
10p
ordinary
|
Sale
|
3,552
|
3.6853 GBP
|
|
10p
ordinary
|
Sale
|
3,414
|
3.6880 GBP
|
|
10p
ordinary
|
Sale
|
3,234
|
3.6617 GBP
|
|
10p
ordinary
|
Sale
|
2,992
|
3.6220 GBP
|
|
10p
ordinary
|
Sale
|
2,976
|
3.6720 GBP
|
|
10p
ordinary
|
Sale
|
2,720
|
3.6960 GBP
|
|
10p
ordinary
|
Sale
|
2,591
|
3.6822 GBP
|
|
10p
ordinary
|
Sale
|
2,521
|
3.6246 GBP
|
|
10p
ordinary
|
Sale
|
2,494
|
3.6540 GBP
|
|
10p
ordinary
|
Sale
|
2,481
|
3.6480 GBP
|
|
10p
ordinary
|
Sale
|
2,475
|
3.6273 GBP
|
|
10p
ordinary
|
Sale
|
2,452
|
3.6780 GBP
|
|
10p
ordinary
|
Sale
|
2,408
|
3.6728 GBP
|
|
10p
ordinary
|
Sale
|
2,330
|
3.6160 GBP
|
|
10p
ordinary
|
Sale
|
2,196
|
3.6260 GBP
|
|
10p
ordinary
|
Sale
|
2,194
|
3.6140 GBP
|
|
10p
ordinary
|
Sale
|
1,852
|
3.6250 GBP
|
|
10p
ordinary
|
Sale
|
1,851
|
3.6400 GBP
|
|
10p
ordinary
|
Sale
|
1,792
|
3.6360 GBP
|
|
10p
ordinary
|
Sale
|
1,761
|
3.6500 GBP
|
|
10p
ordinary
|
Sale
|
1,719
|
3.6440 GBP
|
|
10p
ordinary
|
Sale
|
1,670
|
3.6380 GBP
|
|
10p
ordinary
|
Sale
|
1,585
|
3.6120 GBP
|
|
10p
ordinary
|
Sale
|
942
|
3.6180 GBP
|
|
10p
ordinary
|
Sale
|
880
|
3.6460 GBP
|
|
10p
ordinary
|
Sale
|
845
|
3.6920 GBP
|
|
10p
ordinary
|
Sale
|
837
|
3.6560 GBP
|
|
10p
ordinary
|
Sale
|
834
|
3.6970 GBP
|
|
10p
ordinary
|
Sale
|
827
|
3.6510 GBP
|
|
10p
ordinary
|
Sale
|
821
|
3.6800 GBP
|
|
10p
ordinary
|
Sale
|
813
|
3.6900 GBP
|
|
10p
ordinary
|
Sale
|
811
|
3.6940 GBP
|
|
10p
ordinary
|
Sale
|
798
|
3.6660 GBP
|
|
10p
ordinary
|
Sale
|
780
|
3.6280 GBP
|
|
10p
ordinary
|
Sale
|
775
|
3.7080 GBP
|
|
10p
ordinary
|
Sale
|
775
|
3.6980 GBP
|
|
10p
ordinary
|
Sale
|
650
|
3.6300 GBP
|
|
10p
ordinary
|
Sale
|
-6
|
3.6669 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
|
1,838
|
3.6306 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
145
|
3.6680 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
194
|
3.6400 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
650
|
3.6300 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
717
|
3.6300 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
2,475
|
3.6273 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
2,871
|
3.6936 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
9,436
|
3.6499 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
15,208
|
3.6831 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
19,001
|
3.6864 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
30,611
|
3.6863 GBP
|
|
10p
ordinary
|
CFD
|
Decreasing Short
|
89,156
|
3.6775 GBP
|
|
10p
ordinary
|
SWAP
|
Decreasing Short
|
387,422
|
3.6644 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Long
|
71,811
|
3.6622 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,018
|
3.6372 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
1,987
|
3.6365 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,402
|
3.6583 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,632
|
3.6351 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
2,778
|
3.6425 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
5,673
|
3.6504 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
6,179
|
3.6268 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
45,885
|
3.6278 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
45,943
|
3.6615 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
54,058
|
3.6677 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
70,116
|
3.6654 GBP
|
|
10p
ordinary
|
CFD
|
Increasing Short
|
90,832
|
3.6680 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
261,858
|
3.6709 GBP
|
|
10p
ordinary
|
SWAP
|
Increasing Short
|
270,798
|
3.6607 GBP
|
|
10p
ordinary
|
SWAP
|
Opening
Long
|
61,139
|
3.6541 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 May 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|