Form 8.3 - DS Smith Plc

BNP Paribas London

26 April 2024

 

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:	BNP Paribas SA
(b)  Owner or controller of interests and short positions disclosed, if different from 1(a):        The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c)  Name of offeror/offeree in relation to whose relevant securities this form relates:        Use a separate form for each offeror/offeree	Smith (DS) plc
(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:        For an opening position disclosure, state the latest practicable date prior to the disclosure	25/04/2024
(f)  In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?        If it is a cash offer or possible cash offer, state "N/A"	Yes: International Paper Company

2.

POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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:

GB0008220112 (10p ordinary)

Interests

Short Positions

	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	51,077,910	3.70	-46,759,311	-3.39
(2) Cash-settled derivatives:	1,125,942	.08	-17,914,737	-1.30
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0		0
TOTAL:	52,203,852	3.78	-64,674,048	-4.69

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b)

Rights to subscribe for new securities (including directors'' and other employee 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 PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a)

Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
GB0008220112	BUY	447	GBP 3.2840
GB0008220112	BUY	7619	GBP 3.2940
GB0008220112	BUY	37195	GBP 3.2960
GB0008220112	BUY	28415	GBP 3.2980
GB0008220112	BUY	976881	GBP 3.3000
GB0008220112	BUY	18332	GBP 3.3040
GB0008220112	BUY	19019	GBP 3.3060
GB0008220112	BUY	5853	GBP 3.3080
GB0008220112	BUY	15440	GBP 3.3090
GB0008220112	BUY	85733	GBP 3.3100
GB0008220112	BUY	69219	GBP 3.3120
GB0008220112	BUY	4193	GBP 3.3140
GB0008220112	BUY	4601	GBP 3.3160
GB0008220112	BUY	262015	GBP 3.3180
GB0008220112	BUY	178424	GBP 3.3200
GB0008220112	BUY	2893	GBP 3.3220
GB0008220112	BUY	765	GBP 3.3240
GB0008220112	BUY	583	GBP 3.3260
GB0008220112	BUY	5101	GBP 3.3280
GB0008220112	BUY	2573	GBP 3.3290
GB0008220112	BUY	6234	GBP 3.3300
GB0008220112	BUY	2489	GBP 3.3320
GB0008220112	BUY	51212	GBP 3.3340
GB0008220112	BUY	1175	GBP 3.3360
GB0008220112	BUY	47454	GBP 3.3380
GB0008220112	BUY	76989	GBP 3.3400
GB0008220112	BUY	1574	GBP 3.3420
GB0008220112	BUY	307615	GBP 3.3440
GB0008220112	BUY	4142	GBP 3.3460
GB0008220112	BUY	2435	GBP 3.3480
GB0008220112	BUY	4441	GBP 3.3500
GB0008220112	BUY	3102	GBP 3.3520
GB0008220112	BUY	8347	GBP 3.3540
GB0008220112	BUY	192395	GBP 3.3550
GB0008220112	BUY	493366	GBP 3.3560
GB0008220112	BUY	22652	GBP 3.3580
GB0008220112	BUY	665495	GBP 3.3600
GB0008220112	BUY	3459	GBP 3.3620
GB0008220112	BUY	3858	GBP 3.3640
GB0008220112	BUY	2362	GBP 3.3660
GB0008220112	BUY	7244	GBP 3.3670
GB0008220112	BUY	4742	GBP 3.3680
GB0008220112	BUY	708857	GBP 3.3700
GB0008220112	BUY	2568	GBP 3.3720
GB0008220112	BUY	16548	GBP 3.3740
GB0008220112	BUY	8155	GBP 3.3760
GB0008220112	BUY	1328	GBP 3.3780
GB0008220112	BUY	5002	GBP 3.3800
GB0008220112	BUY	2219	GBP 3.3820
GB0008220112	BUY	8760	GBP 3.3840
GB0008220112	BUY	461	GBP 3.3860
GB0008220112	BUY	2778	GBP 3.3880
GB0008220112	BUY	63311	GBP 3.3900
GB0008220112	BUY	32190	GBP 3.3920
GB0008220112	BUY	104881	GBP 3.3940
GB0008220112	BUY	131878	GBP 3.3947
GB0008220112	BUY	26779	GBP 3.3960
GB0008220112	BUY	38499	GBP 3.3980
GB0008220112	BUY	387715	GBP 3.4000
GB0008220112	BUY	13917	GBP 3.4001
GB0008220112	BUY	2030	GBP 3.4020
GB0008220112	BUY	3234	GBP 3.4030
GB0008220112	BUY	4329	GBP 3.4040
GB0008220112	BUY	800000	GBP 3.4056
GB0008220112	BUY	800000	GBP 3.4056
GB0008220112	BUY	3451	GBP 3.4060
GB0008220112	BUY	21553	GBP 3.4080
GB0008220112	BUY	43191	GBP 3.4100
GB0008220112	BUY	2109	GBP 3.4120
GB0008220112	BUY	2693	GBP 3.4128
GB0008220112	BUY	3098	GBP 3.4131
GB0008220112	BUY	74967	GBP 3.4139
GB0008220112	BUY	7405	GBP 3.4140
GB0008220112	BUY	2333	GBP 3.4143
GB0008220112	BUY	18891	GBP 3.4160
GB0008220112	BUY	19392	GBP 3.4171
GB0008220112	BUY	23339	GBP 3.4180
GB0008220112	BUY	32262	GBP 3.4200
GB0008220112	BUY	14635	GBP 3.4210
GB0008220112	BUY	73585	GBP 3.4220
GB0008220112	BUY	27024	GBP 3.4223
GB0008220112	BUY	4323	GBP 3.4230
GB0008220112	BUY	8534	GBP 3.4240
GB0008220112	BUY	800000	GBP 3.4240
GB0008220112	BUY	3000000	GBP 3.4240
GB0008220112	BUY	4400000	GBP 3.4240
GB0008220112	BUY	5000000	GBP 3.4258
GB0008220112	BUY	13447	GBP 3.4260
GB0008220112	BUY	12476	GBP 3.4280
GB0008220112	BUY	20041	GBP 3.4304
GB0008220112	BUY	7287	GBP 3.4310
GB0008220112	BUY	32411	GBP 3.4320
GB0008220112	BUY	200000	GBP 3.4329
GB0008220112	BUY	200000	GBP 3.4329
GB0008220112	BUY	45204	GBP 3.4340
GB0008220112	BUY	563491	GBP 3.4360
GB0008220112	BUY	117450	GBP 3.4380
GB0008220112	BUY	526	GBP 3.4388
GB0008220112	BUY	481930	GBP 3.4400
GB0008220112	BUY	10977	GBP 3.4410
GB0008220112	BUY	85683	GBP 3.4420
GB0008220112	BUY	13139	GBP 3.4430
GB0008220112	BUY	24372	GBP 3.4440
GB0008220112	BUY	7089	GBP 3.4460
GB0008220112	BUY	11726	GBP 3.4480
GB0008220112	BUY	10140	GBP 3.4500
GB0008220112	BUY	3255	GBP 3.4520
GB0008220112	BUY	5673	GBP 3.4540
GB0008220112	BUY	26997	GBP 3.4560
GB0008220112	BUY	16505	GBP 3.4580
GB0008220112	BUY	19782	GBP 3.4600
GB0008220112	SALE	-6044	GBP 3.3100
GB0008220112	SALE	-4386	GBP 3.3199
GB0008220112	SALE	-1320	GBP 3.3200
GB0008220112	SALE	-40631	GBP 3.3404
GB0008220112	SALE	-2295	GBP 3.3527
GB0008220112	SALE	-6669	GBP 3.3535
GB0008220112	SALE	-1228	GBP 3.3560
GB0008220112	SALE	-284	GBP 3.3580
GB0008220112	SALE	-5000	GBP 3.3590
GB0008220112	SALE	-290613	GBP 3.3600
GB0008220112	SALE	-9789	GBP 3.3610
GB0008220112	SALE	-10458	GBP 3.3613
GB0008220112	SALE	-60	GBP 3.3614
GB0008220112	SALE	-23723	GBP 3.3620
GB0008220112	SALE	-2776	GBP 3.3630
GB0008220112	SALE	-6611	GBP 3.3640
GB0008220112	SALE	-2257	GBP 3.3650
GB0008220112	SALE	-412	GBP 3.3660
GB0008220112	SALE	-6887	GBP 3.3670
GB0008220112	SALE	-1361	GBP 3.3680
GB0008220112	SALE	-23946	GBP 3.3683
GB0008220112	SALE	-8142	GBP 3.3690
GB0008220112	SALE	-70097	GBP 3.3700
GB0008220112	SALE	-11322	GBP 3.3710
GB0008220112	SALE	-2500	GBP 3.3720
GB0008220112	SALE	-4097	GBP 3.3730
GB0008220112	SALE	-8	GBP 3.3740
GB0008220112	SALE	-91	GBP 3.3750
GB0008220112	SALE	-6642	GBP 3.3760
GB0008220112	SALE	-5498	GBP 3.3770
GB0008220112	SALE	-9269	GBP 3.3780
GB0008220112	SALE	-11447	GBP 3.3790
GB0008220112	SALE	-1736	GBP 3.3800
GB0008220112	SALE	-121	GBP 3.3820
GB0008220112	SALE	-2961	GBP 3.3830
GB0008220112	SALE	-6516	GBP 3.3840
GB0008220112	SALE	-10018	GBP 3.3850
GB0008220112	SALE	-16769	GBP 3.3860
GB0008220112	SALE	-5125	GBP 3.3870
GB0008220112	SALE	-1466	GBP 3.3880
GB0008220112	SALE	-8987695	GBP 3.3897
GB0008220112	SALE	-13273	GBP 3.3996
GB0008220112	SALE	-2842059	GBP 3.4000
GB0008220112	SALE	-945	GBP 3.4020
GB0008220112	SALE	-169	GBP 3.4040
GB0008220112	SALE	-800000	GBP 3.4056
GB0008220112	SALE	-6805	GBP 3.4060
GB0008220112	SALE	-2000000	GBP 3.4068
GB0008220112	SALE	-15196	GBP 3.4080
GB0008220112	SALE	-33877	GBP 3.4100
GB0008220112	SALE	-117788	GBP 3.4113
GB0008220112	SALE	-216	GBP 3.4120
GB0008220112	SALE	-3098	GBP 3.4131
GB0008220112	SALE	-6800	GBP 3.4140
GB0008220112	SALE	-2333	GBP 3.4143
GB0008220112	SALE	-17309	GBP 3.4160
GB0008220112	SALE	-8035	GBP 3.4180
GB0008220112	SALE	-62034	GBP 3.4190
GB0008220112	SALE	-7874	GBP 3.4197
GB0008220112	SALE	-177127	GBP 3.4200
GB0008220112	SALE	-28817	GBP 3.4210
GB0008220112	SALE	-1622	GBP 3.4211
GB0008220112	SALE	-55390	GBP 3.4220
GB0008220112	SALE	-2336	GBP 3.4230
GB0008220112	SALE	-2731	GBP 3.4240
GB0008220112	SALE	-1000000	GBP 3.4247
GB0008220112	SALE	-105974	GBP 3.4260
GB0008220112	SALE	-1734	GBP 3.4270
GB0008220112	SALE	-6200000	GBP 3.4273
GB0008220112	SALE	-7780	GBP 3.4280
GB0008220112	SALE	-6	GBP 3.4310
GB0008220112	SALE	-18186	GBP 3.4320
GB0008220112	SALE	-26247	GBP 3.4325
GB0008220112	SALE	-200000	GBP 3.4329
GB0008220112	SALE	-24041	GBP 3.4350
GB0008220112	SALE	-58458	GBP 3.4360
GB0008220112	SALE	-28205	GBP 3.4380
GB0008220112	SALE	-526	GBP 3.4388
GB0008220112	SALE	-126330	GBP 3.4400
GB0008220112	SALE	-5375	GBP 3.4410
GB0008220112	SALE	-21020	GBP 3.4420
GB0008220112	SALE	-8839	GBP 3.4440
GB0008220112	SALE	-1393	GBP 3.4460
GB0008220112	SALE	-133476	GBP 3.4500
GB0008220112	SALE	-18364	GBP 3.4520
GB0008220112	SALE	-15344	GBP 3.4540
GB0008220112	SALE	-8905	GBP 3.4560
GB0008220112	SALE	-445379	GBP 3.4400

(b)

Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position increasing/reducing a long/short position	Number of references securities	Price per unit
GB0008220112	Contract for Difference	Opening Short Position	-8,443	3.4000 GBP
GB0008220112	Contract for Difference	Closing Long Position	-278	3.4000 GBP
GB0008220112	Contract for Difference	Increasing Short Position	-19,392	3.4000 GBP
GB0008220112	Contract for Difference	Increasing Short Position	-28,004	3.4000 GBP
GB0008220112	Contract for Difference	Increasing Short Position	-809	3.4000 GBP
GB0008220112	Contract for Difference	Increasing Short Position	-6,546	3.4000 GBP
GB0008220112	Contract for Difference	Reducing Short Position	1,360,000	3.4000 GBP
GB0008220112	Contract for Difference	Reducing Short Position	640,000	3.4000 GBP
GB0008220112	Contract for Difference	Reducing Short Position	5,710	3.4000 GBP
GB0008220112	Contract for Difference	Reducing Short Position	76,414	3.4000 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American European etc.	Expiry date	Option money paid/ received per unit

(ii)

Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4.

Other Information

(a)

Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)

Indemnity and other dealing arrangements

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 or future acquisition or disposal of any relevant securities to which       any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)

Attachments

Is a supplemental Form 8 (Open Positions) attached?

No

Date of Disclosure:	26/04/2024
Contact Name	Compliance Control Room
Telephone Number:	0207 595 9695

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on [phone].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk

 

END