Form 8.3 - DS Smith Plc

BNP Paribas London

23 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	22/05/2024
(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:	33,274,562	2.41	-29,322,200	-2.13
(2) Cash-settled derivatives:	1,099,841	.08	-8,095,425	-.59
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0		0
TOTAL:	34,374,403	2.49	-37,417,625	-2.71

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	Purchase	1406000	3.6400 GBP
GB0008220112	Purchase	18080	3.6450 GBP
GB0008220112	Purchase	1491	3.6562 GBP
GB0008220112	Purchase	5612	3.6602 GBP
GB0008220112	Purchase	8382	3.6625 GBP
GB0008220112	Purchase	954	3.6704 GBP
GB0008220112	Purchase	500000	3.6760 GBP
GB0008220112	Purchase	6478	3.6766 GBP
GB0008220112	Purchase	11614	3.6900 GBP
GB0008220112	Purchase	2500	3.6910 GBP
GB0008220112	Purchase	13636	3.6920 GBP
GB0008220112	Purchase	14971	3.6940 GBP
GB0008220112	Purchase	27760	3.6960 GBP
GB0008220112	Purchase	29904	3.6980 GBP
GB0008220112	Purchase	223531	3.7000 GBP
GB0008220112	Purchase	1392	3.7040 GBP
GB0008220112	Purchase	1392	3.7060 GBP
GB0008220112	Purchase	3287	3.7085 GBP
GB0008220112	Purchase	6760	3.7140 GBP
GB0008220112	Purchase	9503	3.7145 GBP
GB0008220112	Purchase	8954	3.7160 GBP
GB0008220112	Purchase	14550	3.7180 GBP
GB0008220112	Purchase	183978	3.7200 GBP
GB0008220112	Purchase	11239	3.7280 GBP
GB0008220112	Purchase	76265	3.7300 GBP
GB0008220112	Purchase	4399	3.7320 GBP
GB0008220112	Purchase	9150	3.7340 GBP
GB0008220112	Purchase	1763	3.7350 GBP
GB0008220112	Purchase	17411	3.7360 GBP
GB0008220112	Purchase	3901	3.7370 GBP
GB0008220112	Purchase	1250000	3.7377 GBP
GB0008220112	Purchase	27211	3.7380 GBP
GB0008220112	Purchase	7188	3.7390 GBP
GB0008220112	Purchase	153628	3.7400 GBP
GB0008220112	Purchase	21621	3.7410 GBP
GB0008220112	Purchase	87098	3.7420 GBP
GB0008220112	Purchase	42822	3.7440 GBP
GB0008220112	Purchase	36137	3.7460 GBP
GB0008220112	Purchase	132831	3.7480 GBP
GB0008220112	Purchase	364313	3.7500 GBP
GB0008220112	Purchase	4564	3.7540 GBP
GB0008220112	Purchase	56018	3.7680 GBP
GB0008220112	Sale	-6500000	3.6400 GBP
GB0008220112	Sale	-798	3.6540 GBP
GB0008220112	Sale	-3610	3.6560 GBP
GB0008220112	Sale	-6290	3.6580 GBP
GB0008220112	Sale	-4016	3.6600 GBP
GB0008220112	Sale	-6906	3.6620 GBP
GB0008220112	Sale	-5439	3.6640 GBP
GB0008220112	Sale	-2997	3.6650 GBP
GB0008220112	Sale	-11848	3.6660 GBP
GB0008220112	Sale	-4412	3.6680 GBP
GB0008220112	Sale	-9289	3.6700 GBP
GB0008220112	Sale	-3894	3.6710 GBP
GB0008220112	Sale	-3673	3.6720 GBP
GB0008220112	Sale	-2860	3.6740 GBP
GB0008220112	Sale	-1270	3.6760 GBP
GB0008220112	Sale	-3213	3.6780 GBP
GB0008220112	Sale	-2247	3.6800 GBP
GB0008220112	Sale	-3266	3.6860 GBP
GB0008220112	Sale	-1530	3.6870 GBP
GB0008220112	Sale	-5969	3.6880 GBP
GB0008220112	Sale	-10475	3.6900 GBP
GB0008220112	Sale	-6209	3.6920 GBP
GB0008220112	Sale	-2947	3.6940 GBP
GB0008220112	Sale	-15443	3.6960 GBP
GB0008220112	Sale	-1443	3.6970 GBP
vGB0008220112	Sale	-2153	3.6980 GBP
GB0008220112	Sale	-22325	3.6990 GBP
GB0008220112	Sale	-265179	3.7000 GBP
GB0008220112	Sale	-8338	3.7020 GBP
GB0008220112	Sale	-12604	3.7030 GBP
GB0008220112	Sale	-4132	3.7040 GBP
GB0008220112	Sale	-7328	3.7050 GBP
GB0008220112	Sale	-8752	3.7060 GBP
GB0008220112	Sale	-7483	3.7070 GBP
GB0008220112	Sale	-6408	3.7080 GBP
GB0008220112	Sale	-3269	3.7100 GBP
GB0008220112	Sale	-35	3.7110 GBP
GB0008220112	Sale	-257938	3.7120 GBP
GB0008220112	Sale	-4514	3.7140 GBP
GB0008220112	Sale	-7152	3.6400 GBP
GB0008220112	Sale	-2712	3.6450 GBP
GB0008220112	Sale	-2505	3.6562 GBP
GB0008220112	Sale	-102060	3.6602 GBP
GB0008220112	Sale	-2773	3.6625 GBP
GB0008220112	Sale	-5125	3.6704 GBP
GB0008220112	Sale	-418	3.6760 GBP
GB0008220112	Sale	-10912	3.6766 GBP
GB0008220112	Sale	-9028	3.6900 GBP
GB0008220112	Sale	-16657	3.6910 GBP
GB0008220112	Sale	-22338	3.6920 GBP
GB0008220112	Sale	-274281	3.6940 GBP
GB0008220112	Sale	-515057	3.6960 GBP
GB0008220112	Sale	-700000	3.6980 GBP
GB0008220112	Sale	-13620	3.7000 GBP
GB0008220112	Sale	-3390	3.7040 GBP
GB0008220112	Sale	-32698	3.7060 GBP
GB0008220112	Sale	-141188	3.7085 GBP
GB0008220112	Sale	-72706	3.7140 GBP
GB0008220112	Sale	-4200	3.7145 GBP
GB0008220112	Sale	-36368	3.7160 GBP
GB0008220112	Sale	-23730	3.7180 GBP
GB0008220112	Sale	-5033	3.7200 GBP
GB0008220112	Sale	-236700	3.7280 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	Opening Short Position	-31,493	4.4146 GBP
GB0008220112	Contract for Difference	Closing Short Position	388,500	3.7680 GBP
GB0008220112	Contract for Difference	Closing Short Position	3,681	3.7680
GB0008220112	Contract for Difference	Increasing Long Position	9,519	3.7680 GBP
GB0008220112	Contract for Difference	Increasing Short Position	-4,000	3.7680
GB0008220112	Contract for Difference	Increasing Short Position	-34,519	3.7680 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:	23/05/2024
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 [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