Form 8.3 -DS SMITH PLC

Barclays PLC

28 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:				24 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:			31,215,514	2.26%	19,438,719	1.41%
(2)	Cash-settled derivatives:
	and/or controlled:			8,271,143	0.60%	29,424,614	2.13%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			39,486,657	2.86%	48,863,333	3.54%
(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		1,000,000		3.7146  GBP
10p ordinary		Purchase		865,928		3.6957  GBP
10p ordinary		Purchase		428,933		3.7100  GBP
10p ordinary		Purchase		382,252		3.6290  GBP
10p ordinary		Purchase		358,040		3.6956  GBP
10p ordinary		Purchase		330,355		3.6881  GBP
10p ordinary		Purchase		301,907		3.7009  GBP
10p ordinary		Purchase		285,639		3.6960  GBP
10p ordinary		Purchase		201,743		3.6130  GBP
10p ordinary		Purchase		200,274		3.7097  GBP
10p ordinary		Purchase		123,687		3.6589  GBP
10p ordinary		Purchase		123,650		3.6868  GBP
10p ordinary		Purchase		100,000		3.6460  GBP
10p ordinary		Purchase		62,431		3.6994  GBP
10p ordinary		Purchase		61,974		3.6581  GBP
10p ordinary		Purchase		56,060		3.7131  GBP
10p ordinary		Purchase		55,071		3.7120  GBP
10p ordinary		Purchase		52,492		3.6190  GBP
10p ordinary		Purchase		39,632		3.7090  GBP
10p ordinary		Purchase		39,135		3.7167  GBP
10p ordinary		Purchase		26,954		3.7143  GBP
10p ordinary		Purchase		25,911		3.6942  GBP
10p ordinary		Purchase		25,621		3.6150  GBP
10p ordinary		Purchase		18,035		3.7076  GBP
10p ordinary		Purchase		16,285		3.6395  GBP
10p ordinary		Purchase		14,150		3.7094  GBP
10p ordinary		Purchase		11,871		3.6907  GBP
10p ordinary		Purchase		11,753		3.6429  GBP
10p ordinary		Purchase		11,101		3.6600  GBP
10p ordinary		Purchase		9,852		3.6552  GBP
10p ordinary		Purchase		8,490		3.6985  GBP
10p ordinary		Purchase		8,119		3.7151  GBP
10p ordinary		Purchase		7,733		3.6334  GBP
10p ordinary		Purchase		7,579		3.7133  GBP
10p ordinary		Purchase		7,500		3.6705  GBP
10p ordinary		Purchase		5,000		3.6208  GBP
10p ordinary		Purchase		4,532		3.7138  GBP
10p ordinary		Purchase		3,252		3.7199  GBP
10p ordinary		Purchase		2,622		3.7169  GBP
10p ordinary		Purchase		2,612		3.7172  GBP
10p ordinary		Purchase		2,092		3.7140  GBP
10p ordinary		Purchase		2,000		3.7020  GBP
10p ordinary		Purchase		1,851		3.7369  GBP
10p ordinary		Purchase		1,558		3.6400  GBP
10p ordinary		Purchase		1,449		3.7154  GBP
10p ordinary		Purchase		1,405		3.7059  GBP
10p ordinary		Purchase		1,305		3.7163  GBP
10p ordinary		Purchase		1,236		3.7040  GBP
10p ordinary		Purchase		1,150		3.6280  GBP
10p ordinary		Purchase		1,027		3.7060  GBP
10p ordinary		Purchase		856		3.7200  GBP
10p ordinary		Purchase		795		3.7400  GBP
10p ordinary		Purchase		761		3.6980  GBP
10p ordinary		Purchase		740		3.7180  GBP
10p ordinary		Purchase		687		3.7160  GBP
10p ordinary		Purchase		592		3.7360  GBP
10p ordinary		Purchase		341		3.6820  GBP
10p ordinary		Purchase		339		3.6920  GBP
10p ordinary		Sale		1,289,005		3.6960  GBP
10p ordinary		Sale		610,000		3.7280  GBP
10p ordinary		Sale		382,373		3.7029  GBP
10p ordinary		Sale		247,384		3.6456  GBP
10p ordinary		Sale		232,364		3.6138  GBP
10p ordinary		Sale		189,788		3.7101  GBP
10p ordinary		Sale		150,000		3.7161  GBP
10p ordinary		Sale		120,457		3.6962  GBP
10p ordinary		Sale		90,271		3.7067  GBP
10p ordinary		Sale		78,864		3.7043  GBP
10p ordinary		Sale		49,648		3.7078  GBP
10p ordinary		Sale		45,852		3.7111  GBP
10p ordinary		Sale		40,860		3.6433  GBP
10p ordinary		Sale		39,632		3.7093  GBP
10p ordinary		Sale		33,943		3.6490  GBP
10p ordinary		Sale		27,243		3.6400  GBP
10p ordinary		Sale		22,113		3.6961  GBP
10p ordinary		Sale		21,290		3.7076  GBP
10p ordinary		Sale		15,844		3.7128  GBP
10p ordinary		Sale		11,101		3.6600  GBP
10p ordinary		Sale		10,106		3.7063  GBP
10p ordinary		Sale		8,048		3.7099  GBP
10p ordinary		Sale		6,299		3.7053  GBP
10p ordinary		Sale		5,622		3.6878  GBP
10p ordinary		Sale		3,754		3.7090  GBP
10p ordinary		Sale		3,610		3.7292  GBP
10p ordinary		Sale		2,747		3.7100  GBP
10p ordinary		Sale		2,480		3.6725  GBP
10p ordinary		Sale		2,463		3.7170  GBP
10p ordinary		Sale		2,455		3.7054  GBP
10p ordinary		Sale		2,194		3.6862  GBP
10p ordinary		Sale		2,054		3.7008  GBP
10p ordinary		Sale		2,007		3.7360  GBP
10p ordinary		Sale		2,000		3.7020  GBP
10p ordinary		Sale		2,000		3.7120  GBP
10p ordinary		Sale		1,966		3.6512  GBP
10p ordinary		Sale		1,560		3.6678  GBP
10p ordinary		Sale		1,556		3.7140  GBP
10p ordinary		Sale		1,236		3.7040  GBP
10p ordinary		Sale		1,219		3.6980  GBP
10p ordinary		Sale		1,027		3.7060  GBP
10p ordinary		Sale		856		3.7200  GBP
10p ordinary		Sale		761		3.6984  GBP
10p ordinary		Sale		740		3.7180  GBP
10p ordinary		Sale		687		3.7160  GBP
10p ordinary		Sale		536		3.7143  GBP
10p ordinary		Sale		530		3.7158  GBP
10p ordinary		Sale		463		3.6940  GBP
10p ordinary		Sale		383		3.6992  GBP
10p ordinary		Sale		341		3.6820  GBP
10p ordinary		Sale		155		3.7000  GBP
10p ordinary		Sale		81		3.6920  GBP
10p ordinary		Sale		-1,528		3.6933  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 Long		382,252	3.6290  GBP
10p ordinary		SWAP		Decreasing Long		586	3.7100  GBP
10p ordinary		SWAP		Decreasing Long		1,191	3.6960  GBP
10p ordinary		SWAP		Decreasing Long		1,305	3.7163  GBP
10p ordinary		SWAP		Decreasing Long		1,449	3.7154  GBP
10p ordinary		SWAP		Decreasing Long		1,886	3.7095  GBP
10p ordinary		SWAP		Decreasing Long		4,532	3.7138  GBP
10p ordinary		SWAP		Decreasing Long		5,758	3.7000  GBP
10p ordinary		SWAP		Decreasing Long		8,119	3.7151  GBP
10p ordinary		SWAP		Decreasing Long		8,490	3.6985  GBP
10p ordinary		SWAP		Decreasing Long		19,045	3.7131  GBP
10p ordinary		SWAP		Decreasing Long		26,954	3.7143  GBP
10p ordinary		SWAP		Decreasing Long		33,377	3.7196  GBP
10p ordinary		CFD		Decreasing Short		14	3.6957  GBP
10p ordinary		CFD		Decreasing Short		237	3.6959  GBP
10p ordinary		CFD		Decreasing Short		739	3.6823  GBP
10p ordinary		SWAP		Decreasing Short		1,560	3.6678  GBP
10p ordinary		SWAP		Decreasing Short		2,054	3.7008  GBP
10p ordinary		SWAP		Decreasing Short		3,908	3.6600  GBP
10p ordinary		SWAP		Decreasing Short		5,622	3.6878  GBP
10p ordinary		SWAP		Decreasing Short		6,798	3.7131  GBP
10p ordinary		SWAP		Decreasing Short		10,106	3.7063  GBP
10p ordinary		CFD		Decreasing Short		11,101	3.6600  GBP
10p ordinary		SWAP		Decreasing Short		77,443	3.6953  GBP
10p ordinary		SWAP		Decreasing Short		78,864	3.7043  GBP
10p ordinary		CFD		Decreasing Short		167,306	3.7081  GBP
10p ordinary		CFD		Decreasing Short		202,543	3.7052  GBP
10p ordinary		SWAP		Increasing Long		530	3.7158  GBP
10p ordinary		CFD		Increasing Short		14	3.6957  GBP
10p ordinary		CFD		Increasing Short		237	3.6959  GBP
10p ordinary		SWAP		Increasing Short		715	3.7320  GBP
10p ordinary		SWAP		Increasing Short		1,931	3.7400  GBP
10p ordinary		SWAP		Increasing Short		2,622	3.7169  GBP
10p ordinary		SWAP		Increasing Short		3,252	3.7199  GBP
10p ordinary		SWAP		Increasing Short		5,000	3.6208  GBP
10p ordinary		SWAP		Increasing Short		25,606	3.7094  GBP
10p ordinary		CFD		Increasing Short		33,836	3.6956  GBP
10p ordinary		SWAP		Increasing Short		44,956	3.7124  GBP
10p ordinary		SWAP		Increasing Short		51,767	3.7120  GBP
10p ordinary		SWAP		Increasing Short		64,137	3.7130  GBP
10p ordinary		SWAP		Increasing Short		206,741	3.7097  GBP
10p ordinary		CFD		Increasing Short		258,325	3.6960  GBP
10p ordinary		SWAP		Increasing Short		330,355	3.6881  GBP
10p ordinary		SWAP		Increasing Short		527,768	3.6960  GBP
10p ordinary		SWAP		Opening Long		45,999	3.6919  GBP
10p ordinary		SWAP		Opening Long		90,790	3.7101  GBP
10p ordinary		SWAP		Opening Long		358,040	3.6956  GBP
10p ordinary		SWAP		Opening Long		425,600	3.7100  GBP
10p ordinary		SWAP		Opening Long		1,011,149	3.6960  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:				28 May 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END