Form 8.3 - DS SMITH PLC

Barclays PLC
23 September 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:

20 Sep 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:



34,945,254

2.53%

26,708,073

1.93%

(2)

Cash-settled derivatives:






and/or controlled:



11,241,660

0.81%

33,714,594

2.44%

(3)

Stock-settled derivatives (including options)






and agreements to purchase/sell:



0

0.00%

0

0.00%










TOTAL:



46,186,914

3.35%

60,422,667

4.38%

(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

2,005,768

4.7840  GBP

10p ordinary

Purchase

1,773,903

4.7062  GBP

10p ordinary

Purchase

460,373

4.6840  GBP

10p ordinary

Purchase

355,587

4.7012  GBP

10p ordinary

Purchase

327,454

4.7190  GBP

10p ordinary

Purchase

165,950

4.8060  GBP

10p ordinary

Purchase

118,744

4.7967  GBP

10p ordinary

Purchase

107,641

4.7211  GBP

10p ordinary

Purchase

82,134

4.7293  GBP

10p ordinary

Purchase

60,521

4.7304  GBP

10p ordinary

Purchase

39,673

4.7216  GBP

10p ordinary

Purchase

39,214

4.7782  GBP

10p ordinary

Purchase

25,824

4.6835  GBP

10p ordinary

Purchase

23,572

4.7903  GBP

10p ordinary

Purchase

23,375

4.6879  GBP

10p ordinary

Purchase

15,621

4.7305  GBP

10p ordinary

Purchase

14,003

4.7965  GBP

10p ordinary

Purchase

12,311

4.6898  GBP

10p ordinary

Purchase

12,264

4.7375  GBP

10p ordinary

Purchase

12,111

4.8053  GBP

10p ordinary

Purchase

10,657

4.7199  GBP

10p ordinary

Purchase

8,835

4.7639  GBP

10p ordinary

Purchase

8,733

4.7526  GBP

10p ordinary

Purchase

7,218

4.7473  GBP

10p ordinary

Purchase

6,006

4.6849  GBP

10p ordinary

Purchase

5,556

4.7010  GBP

10p ordinary

Purchase

4,326

4.7764  GBP

10p ordinary

Purchase

3,353

4.6882  GBP

10p ordinary

Purchase

2,997

4.6974  GBP

10p ordinary

Purchase

2,560

4.7200  GBP

10p ordinary

Purchase

2,137

4.8105  GBP

10p ordinary

Purchase

1,954

4.7365  GBP

10p ordinary

Purchase

1,660

4.7378  GBP

10p ordinary

Purchase

1,311

4.6873  GBP

10p ordinary

Purchase

723

4.8200  GBP

10p ordinary

Purchase

702

4.7040  GBP

10p ordinary

Purchase

75

4.6990  GBP

10p ordinary

Purchase

57

4.7800  GBP

10p ordinary

Purchase

32

4.6900  GBP

10p ordinary

Purchase

11

4.7100  GBP

10p ordinary

Sale

856,288

4.6840  GBP

10p ordinary

Sale

355,587

4.7012  GBP

10p ordinary

Sale

173,890

4.7621  GBP

10p ordinary

Sale

96,215

4.7968  GBP

10p ordinary

Sale

85,357

4.7275  GBP

10p ordinary

Sale

26,613

4.7891  GBP

10p ordinary

Sale

23,572

4.7907  GBP

10p ordinary

Sale

19,618

4.7683  GBP

10p ordinary

Sale

16,688

4.7951  GBP

10p ordinary

Sale

14,972

4.8124  GBP

10p ordinary

Sale

12,544

4.7452  GBP

10p ordinary

Sale

12,311

4.6898  GBP

10p ordinary

Sale

12,111

4.8058  GBP

10p ordinary

Sale

9,982

4.7915  GBP

10p ordinary

Sale

8,835

4.7644  GBP

10p ordinary

Sale

8,209

4.7944  GBP

10p ordinary

Sale

6,916

4.7887  GBP

10p ordinary

Sale

4,894

4.7818  GBP

10p ordinary

Sale

3,703

4.8209  GBP

10p ordinary

Sale

2,997

4.6979  GBP

10p ordinary

Sale

2,089

4.7892  GBP

10p ordinary

Sale

2,000

4.7871  GBP

10p ordinary

Sale

1,683

4.7198  GBP

10p ordinary

Sale

1,452

4.7732  GBP

10p ordinary

Sale

1,280

4.7204  GBP

10p ordinary

Sale

1,280

4.7200  GBP

10p ordinary

Sale

1,040

4.8010  GBP

10p ordinary

Sale

1,020

4.8046  GBP

10p ordinary

Sale

723

4.8200  GBP

10p ordinary

Sale

699

4.7080  GBP

10p ordinary

Sale

515

4.8140  GBP

10p ordinary

Sale

181

4.8060  GBP

10p ordinary

Sale

20

4.7050  GBP

10p ordinary

Sale

11

4.7100  GBP

10p ordinary

Sale

10

4.7020  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 Short

12,838

4.6837  GBP

10p ordinary

SWAP

Decreasing Short

45,529

4.6856  GBP

10p ordinary

SWAP

Decreasing Short

6,818

4.7870  GBP

10p ordinary

SWAP

Decreasing Short

6,019

4.7874  GBP

10p ordinary

SWAP

Decreasing Short

1,040

4.8010  GBP

10p ordinary

SWAP

Decreasing Short

1,020

4.8046  GBP

10p ordinary

SWAP

Decreasing Short

461

4.8060  GBP

10p ordinary

SWAP

Decreasing Short

14,972

4.8124  GBP

10p ordinary

SWAP

Increasing Short

493,549

4.6840  GBP

10p ordinary

SWAP

Increasing Short

3,844

4.7014  GBP

10p ordinary

SWAP

Increasing Short

702

4.7040  GBP

10p ordinary

SWAP

Increasing Short

9,545

4.7045  GBP

10p ordinary

SWAP

Increasing Short

59,287

4.7157  GBP

10p ordinary

SWAP

Increasing Short

39,673

4.7216  GBP

10p ordinary

SWAP

Increasing Short

63,617

4.7263  GBP

10p ordinary

SWAP

Increasing Short

431,022

4.7583  GBP

10p ordinary

SWAP

Increasing Short

4,326

4.7764  GBP

10p ordinary

CFD

Decreasing Short

2,450

4.7922  GBP

10p ordinary

CFD

Increasing Short

12,311

4.6898  GBP

10p ordinary

CFD

Increasing Short

355,587

4.7012  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 Sep 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

























 

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