Form 8.3 - DS Smith PLC

Citadel Group

10 December 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:	Citadel Group
(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.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	DS SMITH PLC
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	9 December 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 Co

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: Common Stock	ISIN GB0008220112 10p ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	53,460	0.00	416	0.00
(2) Cash-settled derivatives:	13,849,579	1.00	96,037	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0.00	0	0.00
TOTAL:	13,903,039	1.00	96,453	0.00

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:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

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
Common	Buy Transaction	4,891	5.5300 GBP
Common	Buy Transaction	31,127	5.5350 GBP
Common	Buy Transaction	17,023	5.5400 GBP
Common	Buy Transaction	14,570	5.5450 GBP
Common	Buy Transaction	3,820	5.5500 GBP
Common	Buy Transaction	2,793	5.5550 GBP
Common	Buy Transaction	8,492	5.5600 GBP
Common	Buy Transaction	3,996	5.5700 GBP
Common	Buy Transaction	327	5.5800 GBP
Common	Buy Transaction	5,767	5.5900 GBP
Common	Buy Transaction	887	5.5950 GBP
Common	Buy Transaction	1,772	5.6000 GBP
Common	Buy Transaction	5,304	5.6050 GBP
Common	Buy Transaction	2,573	5.6100 GBP
Common	Buy Transaction	2,000	5.6150 GBP
Common	Buy Transaction	706	5.6200 GBP
Common	Buy Transaction	2,335	5.6250 GBP
Common	Buy Transaction	3,055	5.6300 GBP
Common	Buy Transaction	351	5.6400 GBP
Common	Buy Transaction	1,556	5.6450 GBP
Common	Buy Transaction	530	5.6500 GBP
Common	Buy Transaction	796	5.6600 GBP
Common	Buy Transaction	1,261	5.6650 GBP
Common	Sell Transaction	2,370	5.5325 GBP
Common	Sell Transaction	19,078	5.5350 GBP
Common	Sell Transaction	10,854	5.5375 GBP
Common	Sell Transaction	31,286	5.5400 GBP
Common	Sell Transaction	11,560	5.5450 GBP
Common	Sell Transaction	1,489	5.5475 GBP
Common	Sell Transaction	4,759	5.5500 GBP
Common	Sell Transaction	9,654	5.5550 GBP
Common	Sell Transaction	4,340	5.5600 GBP
Common	Sell Transaction	611	5.5625 GBP
Common	Sell Transaction	2,455	5.5650 GBP
Common	Sell Transaction	416	5.5750 GBP
Common	Sell Transaction	2,948	5.5925 GBP
Common	Sell Transaction	1,207	5.5950 GBP
Common	Sell Transaction	416	5.6000 GBP
Common	Sell Transaction	10,717	5.6050 GBP
Common	Sell Transaction	385	5.6100 GBP
Common	Sell Transaction	5,754	5.6250 GBP
Common	Sell Transaction	3,098	5.6300 GBP
Common	Sell Transaction	831	5.6350 GBP
Common	Sell Transaction	1	5.6400 GBP
Common	Sell Transaction	3,061	5.6450 GBP
Common	Sell Transaction	147	5.6550 GBP
Common	Sell Transaction	10,555	5.6600 GBP
Common	Sell Transaction	1,248	5.6650 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 reference securities	Price per unit
Common	CFD	Increasing long position	3,601	5.5600 GBP
Common	CFD	Reducing long position	9,025	5.6594 GBP
Common	CFD	Increasing long position	150,000	7.0776 USD
Common	CFD	Increasing long position	150,000	7.1580 USD

(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)        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 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:	10 December 2024
Contact name:	Paula Santos
Telephone number*:	020 7645 9700

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