Form 8.3 - DS Smith Plc

BNP Paribas London
13 May 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

10/05/2024

 (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:

          29,250,978

   2.12

         -25,620,467

  -1.86

  (2) Cash-settled derivatives:

 

           1,181,824

    .09

          -5,321,733

   -.39

  (3) Stock-settled derivatives (including options) and agreements to purchase/sell:

                   0


                   0


       TOTAL:

          30,432,802

   2.21

         -30,942,200

  -2.24

 

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

Sale

-      4,000,000

3.6288 GBP

GB0008220112

Sale

-      1,107,494

3.6040 GBP

GB0008220112

Sale

-      1,072,732

3.6100 GBP

GB0008220112

Sale

-         754,869

3.5940 GBP

GB0008220112

Sale

-         722,085

3.6048 GBP

GB0008220112

Sale

-         519,267

3.6260 GBP

GB0008220112

Sale

-         350,000

3.5970 GBP

GB0008220112

Sale

-         258,140

3.6350 GBP

GB0008220112

Sale

-         256,723

3.6300 GBP

GB0008220112

Sale

-         253,904

3.6220 GBP

GB0008220112

Sale

-         237,555

3.6240 GBP

GB0008220112

Sale

-         196,784

3.6000 GBP

GB0008220112

Sale

-         194,056

3.6160 GBP

GB0008220112

Sale

-         176,900

3.6070 GBP

GB0008220112

Sale

-            72,475

3.6300 GBP

GB0008220112

Sale

-            55,563

3.6200 GBP

GB0008220112

Sale

-            47,918

3.6280 GBP

GB0008220112

Sale

-            46,405

3.6020 GBP

GB0008220112

Sale

-            36,755

3.6281 GBP

GB0008220112

Sale

-            33,350

3.6010 GBP

GB0008220112

Sale

-            19,818

3.6120 GBP

GB0008220112

Sale

-            17,570

3.6194 GBP

GB0008220112

Sale

-            16,188

3.5900 GBP

GB0008220112

Sale

-            12,998

3.6090 GBP

GB0008220112

Sale

-            12,484

3.5980 GBP

GB0008220112

Sale

-            10,494

3.6060 GBP

GB0008220112

Sale

-              8,627

3.6140 GBP

GB0008220112

Sale

-              7,862

3.5920 GBP

GB0008220112

Sale

-              5,359

3.6380 GBP

GB0008220112

Sale

-              5,335

3.6030 GBP

GB0008220112

Sale

-              5,308

3.6050 GBP

GB0008220112

Sale

-              4,736

3.6320 GBP

GB0008220112

Sale

-              4,299

3.5880 GBP

GB0008220112

Sale

-              3,572

3.6080 GBP

GB0008220112

Sale

-              2,490

3.6340 GBP

GB0008220112

Sale

-              2,438

3.5960 GBP

GB0008220112

Sale

-              2,163

3.6180 GBP

GB0008220112

Sale

-              1,934

3.5820 GBP

GB0008220112

Sale

-              1,850

3.5780 GBP

GB0008220112

Sale

-              1,583

3.6480 GBP

GB0008220112

Sale

-              1,500

3.6400 GBP

GB0008220112

Sale

-              1,360

3.5860 GBP

GB0008220112

Sale

-              1,062

3.6360 GBP

GB0008220112

Sale

-                 601

3.6063 GBP

GB0008220112

Sale

-                 520

3.5840 GBP

GB0008220112

Sale

-                 100

3.5930 GBP

GB0008220112

Sale

-                   45

3.6170 GBP

GB0008220112

Sale

-                   34

3.5910 GBP

GB0008220112

Sale

-                   20

3.5870 GBP

GB0008220112

Purchase

                     17

3.6080 GBP

GB0008220112

Purchase

                  524

3.5920 GBP

GB0008220112

Purchase

                  601

3.6063 GBP

GB0008220112

Purchase

                  601

3.6063 GBP

GB0008220112

Purchase

                  706

3.5874 GBP

GB0008220112

Purchase

                  847

3.6060 GBP

GB0008220112

Purchase

                  904

3.5960 GBP

GB0008220112

Purchase

               1,026

3.6040 GBP

GB0008220112

Purchase

               1,947

3.6320 GBP

GB0008220112

Purchase

               2,105

3.6030 GBP

GB0008220112

Purchase

               2,398

3.6230 GBP

GB0008220112

Purchase

               3,039

3.6260 GBP

GB0008220112

Purchase

               3,205

3.5980 GBP

GB0008220112

Purchase

               3,962

3.6250 GBP

GB0008220112

Purchase

               4,053

3.6211 GBP

GB0008220112

Purchase

               4,978

3.5800 GBP

GB0008220112

Purchase

               5,874

3.5780 GBP

GB0008220112

Purchase

               8,197

3.5997 GBP

GB0008220112

Purchase

             11,009

3.5860 GBP

GB0008220112

Purchase

             11,203

3.6220 GBP

GB0008220112

Purchase

             12,793

3.5880 GBP

GB0008220112

Purchase

             13,020

3.6268 GBP

GB0008220112

Purchase

             13,617

3.6120 GBP

GB0008220112

Purchase

             15,166

3.6280 GBP

GB0008220112

Purchase

             20,843

3.6240 GBP

GB0008220112

Purchase

             23,382

3.6270 GBP

GB0008220112

Purchase

             28,923

3.6098 GBP

GB0008220112

Purchase

             72,475

3.6300 GBP

GB0008220112

Purchase

             97,965

3.6200 GBP

GB0008220112

Purchase

           149,261

3.6290 GBP

GB0008220112

Purchase

           150,000

3.5998 GBP

GB0008220112

Purchase

           150,210

3.6000 GBP

GB0008220112

Purchase

           602,635

3.5900 GBP

GB0008220112

Purchase

        1,914,323

3.5999 GBP

GB0008220112

Purchase

        2,100,000

3.6095 GBP

GB0008220112

Purchase

        4,000,000

3.6300 GBP

GB0008220112

Purchase

           494,837

3.6300 GBP

 

(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

Increasing Long Position

              15,741

               3.6300 GBP

GB0008220112

Contract for Difference

Increasing Short Position

              -4,053

               3.6300 GBP

GB0008220112

Contract for Difference

Reducing Long Position

              -4,678

               3.6300 USD

GB0008220112

Contract for Difference

Reducing Short Position

              30,000

               3.6300 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:

 

     13/05/2024

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 +44 (0)20 7638 0129.


 

*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


 

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