Form 8.3 - DS SMITH PLC

Barclays PLC

25 July 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 Jul 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:			32,893,662	2.38%	28,095,682	2.04%
(2)	Cash-settled derivatives:
	and/or controlled:			7,686,363	0.56%	32,860,896	2.38%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			40,580,025	2.94%	60,956,578	4.42%
(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		523,275		4.4437  GBP
10p ordinary		Purchase		434,556		4.5677  GBP
10p ordinary		Purchase		269,463		4.5580  GBP
10p ordinary		Purchase		208,919		4.4500  GBP
10p ordinary		Purchase		198,754		4.5031  GBP
10p ordinary		Purchase		188,309		4.5356  GBP
10p ordinary		Purchase		186,764		4.5544  GBP
10p ordinary		Purchase		91,926		4.4300  GBP
10p ordinary		Purchase		91,323		4.5370  GBP
10p ordinary		Purchase		78,400		4.5135  GBP
10p ordinary		Purchase		60,565		4.5586  GBP
10p ordinary		Purchase		47,589		4.4007  GBP
10p ordinary		Purchase		46,807		4.4642  GBP
10p ordinary		Purchase		24,893		4.4592  GBP
10p ordinary		Purchase		20,622		4.5372  GBP
10p ordinary		Purchase		20,030		4.5472  GBP
10p ordinary		Purchase		11,211		4.5043  GBP
10p ordinary		Purchase		9,498		4.4151  GBP
10p ordinary		Purchase		8,405		4.4505  GBP
10p ordinary		Purchase		6,858		4.4564  GBP
10p ordinary		Purchase		6,614		4.5033  GBP
10p ordinary		Purchase		6,377		4.3774  GBP
10p ordinary		Purchase		6,233		4.4330  GBP
10p ordinary		Purchase		5,995		4.4839  GBP
10p ordinary		Purchase		5,297		4.4637  GBP
10p ordinary		Purchase		5,039		4.4025  GBP
10p ordinary		Purchase		4,825		4.4948  GBP
10p ordinary		Purchase		4,051		4.5184  GBP
10p ordinary		Purchase		3,850		4.4344  GBP
10p ordinary		Purchase		3,739		4.4524  GBP
10p ordinary		Purchase		3,608		4.5880  GBP
10p ordinary		Purchase		3,485		4.4898  GBP
10p ordinary		Purchase		2,982		4.3920  GBP
10p ordinary		Purchase		2,697		4.4378  GBP
10p ordinary		Purchase		2,654		4.4978  GBP
10p ordinary		Purchase		2,404		4.4950  GBP
10p ordinary		Purchase		2,224		4.4629  GBP
10p ordinary		Purchase		2,182		4.5660  GBP
10p ordinary		Purchase		2,115		4.5700  GBP
10p ordinary		Purchase		2,084		4.5816  GBP
10p ordinary		Purchase		1,713		4.5720  GBP
10p ordinary		Purchase		1,585		4.5825  GBP
10p ordinary		Purchase		1,501		4.5369  GBP
10p ordinary		Purchase		1,381		4.5640  GBP
10p ordinary		Purchase		1,328		4.5395  GBP
10p ordinary		Purchase		1,328		4.5400  GBP
10p ordinary		Purchase		1,200		4.5814  GBP
10p ordinary		Purchase		1,153		4.5710  GBP
10p ordinary		Purchase		1,125		4.5460  GBP
10p ordinary		Purchase		1,067		4.5137  GBP
10p ordinary		Purchase		1,012		4.4780  GBP
10p ordinary		Purchase		840		4.5760  GBP
10p ordinary		Purchase		839		4.5620  GBP
10p ordinary		Purchase		786		4.5800  GBP
10p ordinary		Purchase		689		4.5540  GBP
10p ordinary		Purchase		647		4.5600  GBP
10p ordinary		Purchase		642		4.4320  GBP
10p ordinary		Purchase		610		4.5610  GBP
10p ordinary		Purchase		389		4.4740  GBP
10p ordinary		Purchase		81		4.3985  GBP
10p ordinary		Sale		3,692,000		4.4600  GBP
10p ordinary		Sale		326,859		4.5477  GBP
10p ordinary		Sale		309,922		4.5302  GBP
10p ordinary		Sale		193,218		4.5580  GBP
10p ordinary		Sale		158,458		4.5733  GBP
10p ordinary		Sale		110,949		4.5472  GBP
10p ordinary		Sale		108,974		4.4558  GBP
10p ordinary		Sale		107,435		4.5582  GBP
10p ordinary		Sale		91,323		4.5370  GBP
10p ordinary		Sale		82,615		4.5584  GBP
10p ordinary		Sale		78,565		4.5268  GBP
10p ordinary		Sale		66,115		4.5180  GBP
10p ordinary		Sale		62,941		4.4709  GBP
10p ordinary		Sale		57,498		4.5596  GBP
10p ordinary		Sale		36,429		4.5690  GBP
10p ordinary		Sale		33,306		4.5620  GBP
10p ordinary		Sale		31,400		4.4162  GBP
10p ordinary		Sale		28,304		4.5383  GBP
10p ordinary		Sale		25,540		4.4618  GBP
10p ordinary		Sale		15,196		4.4723  GBP
10p ordinary		Sale		14,696		4.5009  GBP
10p ordinary		Sale		13,111		4.5217  GBP
10p ordinary		Sale		10,887		4.5644  GBP
10p ordinary		Sale		10,129		4.5011  GBP
10p ordinary		Sale		9,969		4.5648  GBP
10p ordinary		Sale		6,384		4.4832  GBP
10p ordinary		Sale		6,377		4.3778  GBP
10p ordinary		Sale		6,321		4.5655  GBP
10p ordinary		Sale		5,508		4.5636  GBP
10p ordinary		Sale		5,297		4.4637  GBP
10p ordinary		Sale		4,825		4.4948  GBP
10p ordinary		Sale		3,850		4.4348  GBP
10p ordinary		Sale		3,608		4.5880  GBP
10p ordinary		Sale		3,009		4.4362  GBP
10p ordinary		Sale		2,700		4.4307  GBP
10p ordinary		Sale		2,481		4.5311  GBP
10p ordinary		Sale		2,347		4.5645  GBP
10p ordinary		Sale		1,713		4.5720  GBP
10p ordinary		Sale		1,647		4.5638  GBP
10p ordinary		Sale		1,585		4.5830  GBP
10p ordinary		Sale		1,570		4.5664  GBP
10p ordinary		Sale		1,381		4.5640  GBP
10p ordinary		Sale		1,328		4.5400  GBP
10p ordinary		Sale		1,257		4.5573  GBP
10p ordinary		Sale		1,153		4.5715  GBP
10p ordinary		Sale		1,022		4.5820  GBP
10p ordinary		Sale		1,022		4.5790  GBP
10p ordinary		Sale		1,012		4.4780  GBP
10p ordinary		Sale		840		4.5764  GBP
10p ordinary		Sale		689		4.5540  GBP
10p ordinary		Sale		656		4.4360  GBP
10p ordinary		Sale		612		4.5660  GBP
10p ordinary		Sale		610		4.5610  GBP
10p ordinary		Sale		451		4.3900  GBP
10p ordinary		Sale		81		4.3990  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
10p ordinary		CFD		Decreasing Short		23,780	4.4600  GBP
10p ordinary		CFD		Decreasing Short		10,064	4.5402  GBP
10p ordinary		CFD		Decreasing Short		12,782	4.5580  GBP
10p ordinary		CFD		Decreasing Short		1,381	4.5639  GBP
10p ordinary		CFD		Increasing Short		3,762	4.3762  GBP
10p ordinary		CFD		Increasing Short		23,780	4.4600  GBP
10p ordinary		CFD		Increasing Short		161,904	4.5579  GBP
10p ordinary		CFD		Increasing Short		690	4.5580  GBP
10p ordinary		CFD		Increasing Short		90,980	4.5612  GBP
10p ordinary		SWAP		Decreasing Long		646	4.4656  GBP
10p ordinary		SWAP		Decreasing Long		400	4.3913  GBP
10p ordinary		SWAP		Increasing Long		1,257	4.5573  GBP
10p ordinary		SWAP		Increasing Short		59,480	4.5586  GBP
10p ordinary		SWAP		Increasing Short		1,085	4.5586  GBP
10p ordinary		SWAP		Decreasing Short		656	4.4360  GBP
10p ordinary		SWAP		Decreasing Short		3,009	4.4362  GBP
10p ordinary		SWAP		Decreasing Short		2,769,000	4.4600  GBP
10p ordinary		SWAP		Decreasing Short		110,949	4.5473  GBP
10p ordinary		SWAP		Decreasing Short		77,604	4.5569  GBP
10p ordinary		SWAP		Decreasing Short		64,030	4.5580  GBP
10p ordinary		SWAP		Increasing Short		284	4.4140  GBP
10p ordinary		SWAP		Increasing Short		6,233	4.4330  GBP
10p ordinary		SWAP		Increasing Short		523,275	4.4437  GBP
10p ordinary		SWAP		Increasing Short		5,097	4.4658  GBP
10p ordinary		SWAP		Increasing Long		78,565	4.5268  GBP
10p ordinary		SWAP		Decreasing Long		47,589	4.4007  GBP
10p ordinary		SWAP		Decreasing Long		5,107	4.4911  GBP
10p ordinary		SWAP		Decreasing Long		1,507	4.5447  GBP
10p ordinary		SWAP		Decreasing Short		15,196	4.4723  GBP
10p ordinary		SWAP		Decreasing Short		923,000	4.4600  GBP
10p ordinary		SWAP		Decreasing Short		49,458	4.5580  GBP
10p ordinary		SWAP		Decreasing Short		57,498	4.5596  GBP
10p ordinary		SWAP		Increasing Short		208,310	4.4500  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:				25 Jul 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END