Form 8.3 - DS SMITH PLC

Barclays PLC

22 May 2024

 

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:				21 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:			26,900,392	1.95%	19,338,458	1.40%
(2)	Cash-settled derivatives:
	and/or controlled:			8,162,376	0.59%	25,377,579	1.84%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			35,062,768	2.54%	44,716,037	3.24%
(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		552,677		3.6826  GBP
10p ordinary		Purchase		527,150		3.6750  GBP
10p ordinary		Purchase		249,206		3.6888  GBP
10p ordinary		Purchase		206,663		3.6718  GBP
10p ordinary		Purchase		186,673		3.6825  GBP
10p ordinary		Purchase		158,720		3.6874  GBP
10p ordinary		Purchase		117,815		3.6740  GBP
10p ordinary		Purchase		107,044		3.6846  GBP
10p ordinary		Purchase		100,000		3.6749  GBP
10p ordinary		Purchase		92,039		3.6837  GBP
10p ordinary		Purchase		85,889		3.6720  GBP
10p ordinary		Purchase		68,850		3.7570  GBP
10p ordinary		Purchase		32,565		3.6823  GBP
10p ordinary		Purchase		30,122		3.6844  GBP
10p ordinary		Purchase		23,926		3.6851  GBP
10p ordinary		Purchase		16,536		3.6780  GBP
10p ordinary		Purchase		12,633		3.6824  GBP
10p ordinary		Purchase		11,072		3.6792  GBP
10p ordinary		Purchase		9,086		3.6746  GBP
10p ordinary		Purchase		8,112		3.6806  GBP
10p ordinary		Purchase		7,063		3.6809  GBP
10p ordinary		Purchase		6,551		3.6786  GBP
10p ordinary		Purchase		4,619		3.6859  GBP
10p ordinary		Purchase		3,983		3.6758  GBP
10p ordinary		Purchase		3,095		3.6766  GBP
10p ordinary		Purchase		2,722		3.6890  GBP
10p ordinary		Purchase		2,510		3.6849  GBP
10p ordinary		Purchase		2,088		3.6781  GBP
10p ordinary		Purchase		1,651		3.6840  GBP
10p ordinary		Purchase		1,335		3.6951  GBP
10p ordinary		Purchase		1,307		3.6920  GBP
10p ordinary		Purchase		1,212		3.6820  GBP
10p ordinary		Purchase		1,027		3.7020  GBP
10p ordinary		Purchase		898		3.6600  GBP
10p ordinary		Purchase		311		3.6814  GBP
10p ordinary		Purchase		156		3.6940  GBP
10p ordinary		Purchase		16		3.6709  GBP
10p ordinary		Sale		439,930		3.6720  GBP
10p ordinary		Sale		250,827		3.6749  GBP
10p ordinary		Sale		185,868		3.6733  GBP
10p ordinary		Sale		127,090		3.6772  GBP
10p ordinary		Sale		95,894		3.6890  GBP
10p ordinary		Sale		40,755		3.6849  GBP
10p ordinary		Sale		37,849		3.6889  GBP
10p ordinary		Sale		33,426		3.6941  GBP
10p ordinary		Sale		32,629		3.6861  GBP
10p ordinary		Sale		25,558		3.6700  GBP
10p ordinary		Sale		25,362		3.6884  GBP
10p ordinary		Sale		13,148		3.6887  GBP
10p ordinary		Sale		5,950		3.6793  GBP
10p ordinary		Sale		4,665		3.6883  GBP
10p ordinary		Sale		3,803		3.6936  GBP
10p ordinary		Sale		3,137		3.6847  GBP
10p ordinary		Sale		2,956		3.6920  GBP
10p ordinary		Sale		2,621		3.6825  GBP
10p ordinary		Sale		2,500		3.6786  GBP
10p ordinary		Sale		2,100		3.6800  GBP
10p ordinary		Sale		1,894		3.6713  GBP
10p ordinary		Sale		1,685		3.6898  GBP
10p ordinary		Sale		1,665		3.6828  GBP
10p ordinary		Sale		1,307		3.6921  GBP
10p ordinary		Sale		1,212		3.6820  GBP
10p ordinary		Sale		1,027		3.7020  GBP
10p ordinary		Sale		921		3.6791  GBP
10p ordinary		Sale		880		3.6780  GBP
10p ordinary		Sale		713		3.6840  GBP
10p ordinary		Sale		525		3.6680  GBP
10p ordinary		Sale		524		3.6773  GBP
10p ordinary		Sale		379		3.6860  GBP
10p ordinary		Sale		95		3.6830  GBP
10p ordinary		Sale		39		3.6709  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		Closing Short		6,791	3.6720  GBP
10p ordinary		SWAP		Decreasing Long		156	3.6940  GBP
10p ordinary		SWAP		Decreasing Long		92,039	3.6837  GBP
10p ordinary		CFD		Decreasing Short		10	3.7140  GBP
10p ordinary		SWAP		Decreasing Short		524	3.6773  GBP
10p ordinary		SWAP		Decreasing Short		3,803	3.6937  GBP
10p ordinary		SWAP		Decreasing Short		14,795	3.6851  GBP
10p ordinary		SWAP		Decreasing Short		40,755	3.6849  GBP
10p ordinary		SWAP		Decreasing Short		64,770	3.6812  GBP
10p ordinary		CFD		Decreasing Short		84,462	3.6719  GBP
10p ordinary		SWAP		Decreasing Short		127,090	3.6772  GBP
10p ordinary		CFD		Decreasing Short		261,443	3.6720  GBP
10p ordinary		SWAP		Increasing Long		921	3.6791  GBP
10p ordinary		CFD		Increasing Short		138	3.6720  GBP
10p ordinary		SWAP		Increasing Short		473	3.6920  GBP
10p ordinary		CFD		Increasing Short		1,212	3.6819  GBP
10p ordinary		SWAP		Increasing Short		1,335	3.6951  GBP
10p ordinary		SWAP		Increasing Short		4,619	3.6859  GBP
10p ordinary		CFD		Increasing Short		30,187	3.6728  GBP
10p ordinary		SWAP		Increasing Short		70,444	3.6837  GBP
10p ordinary		SWAP		Increasing Short		97,890	3.6844  GBP
10p ordinary		SWAP		Increasing Short		100,000	3.6749  GBP
10p ordinary		SWAP		Increasing Short		158,720	3.6874  GBP
10p ordinary		SWAP		Increasing Short		186,673	3.6825  GBP
10p ordinary		SWAP		Increasing Short		360,639	3.6720  GBP
10p ordinary		SWAP		Increasing Short		552,677	3.6826  GBP
10p ordinary		SWAP		Opening Long		13,317	3.6818  GBP
10p ordinary		SWAP		Opening Short		211,000	3.6789  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:				22 May 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END