Form 8.3 - DS SMITH PLC

Barclays PLC

20 January 2025

 

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:				17 Jan 2025
(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:			33,570,009	2.43%	29,353,697	2.13%
(2)	Cash-settled derivatives:
	and/or controlled:			12,782,120	0.93%	31,606,150	2.29%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%
	TOTAL:			46,352,129	3.36%	60,959,847	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		1,283,072		5.8450  GBP
10p ordinary		Purchase		362,597		5.8974  GBP
10p ordinary		Purchase		239,904		5.8950  GBP
10p ordinary		Purchase		171,011		5.8948  GBP
10p ordinary		Purchase		74,370		5.8976  GBP
10p ordinary		Purchase		64,492		5.8953  GBP
10p ordinary		Purchase		59,098		5.8926  GBP
10p ordinary		Purchase		56,925		5.8754  GBP
10p ordinary		Purchase		32,441		5.9038  GBP
10p ordinary		Purchase		24,976		5.8877  GBP
10p ordinary		Purchase		24,535		5.9029  GBP
10p ordinary		Purchase		22,367		5.9062  GBP
10p ordinary		Purchase		21,523		5.8931  GBP
10p ordinary		Purchase		21,002		5.8890  GBP
10p ordinary		Purchase		19,678		5.9012  GBP
10p ordinary		Purchase		18,449		5.8904  GBP
10p ordinary		Purchase		18,406		5.8942  GBP
10p ordinary		Purchase		16,589		5.8993  GBP
10p ordinary		Purchase		15,516		5.9010  GBP
10p ordinary		Purchase		15,499		5.9027  GBP
10p ordinary		Purchase		13,662		5.8906  GBP
10p ordinary		Purchase		13,657		5.9055  GBP
10p ordinary		Purchase		11,909		5.8969  GBP
10p ordinary		Purchase		11,637		5.9047  GBP
10p ordinary		Purchase		7,112		5.9031  GBP
10p ordinary		Purchase		5,786		5.8925  GBP
10p ordinary		Purchase		5,207		5.8992  GBP
10p ordinary		Purchase		5,145		5.9022  GBP
10p ordinary		Purchase		4,113		5.8636  GBP
10p ordinary		Purchase		3,574		5.8990  GBP
10p ordinary		Purchase		3,562		5.8891  GBP
10p ordinary		Purchase		2,352		5.9025  GBP
10p ordinary		Purchase		2,276		5.9026  GBP
10p ordinary		Purchase		2,029		5.8815  GBP
10p ordinary		Purchase		2,004		5.8850  GBP
10p ordinary		Purchase		1,756		5.8777  GBP
10p ordinary		Purchase		1,748		5.9093  GBP
10p ordinary		Purchase		1,089		5.9125  GBP
10p ordinary		Purchase		893		5.8900  GBP
10p ordinary		Purchase		622		5.8881  GBP
10p ordinary		Purchase		581		5.9050  GBP
10p ordinary		Purchase		533		5.9177  GBP
10p ordinary		Purchase		151		5.9199  GBP
10p ordinary		Purchase		2		5.9100  GBP
10p ordinary		Sale		599,646		5.8950  GBP
10p ordinary		Sale		293,243		5.8940  GBP
10p ordinary		Sale		104,523		5.8987  GBP
10p ordinary		Sale		74,266		5.9008  GBP
10p ordinary		Sale		34,515		5.8956  GBP
10p ordinary		Sale		32,182		5.9012  GBP
10p ordinary		Sale		26,360		5.8989  GBP
10p ordinary		Sale		21,523		5.8931  GBP
10p ordinary		Sale		17,601		5.8948  GBP
10p ordinary		Sale		12,066		5.9127  GBP
10p ordinary		Sale		11,930		5.8983  GBP
10p ordinary		Sale		9,723		5.8914  GBP
10p ordinary		Sale		9,570		5.9116  GBP
10p ordinary		Sale		8,393		5.9125  GBP
10p ordinary		Sale		8,379		5.8633  GBP
10p ordinary		Sale		6,456		5.9028  GBP
10p ordinary		Sale		3,779		5.9128  GBP
10p ordinary		Sale		2,751		5.8679  GBP
10p ordinary		Sale		2,442		5.9102  GBP
10p ordinary		Sale		2,004		5.8850  GBP
10p ordinary		Sale		1,757		5.9050  GBP
10p ordinary		Sale		1,748		5.9092  GBP
10p ordinary		Sale		1,633		5.9099  GBP
10p ordinary		Sale		1,560		5.8805  GBP
10p ordinary		Sale		1,128		5.8949  GBP
10p ordinary		Sale		448		5.9250  GBP
10p ordinary		Sale		151		5.9200  GBP
10p ordinary		Sale		2		5.9105  GBP
(b)	Cash-settled derivative transactions
Class of		Product		Nature of dealing		Number of	Price per
relevant		description				reference	unit
security						securities
10p ordinary		SWAP		Increasing Short		12,442	5.8902  GBP
10p ordinary		SWAP		Increasing Short		129,546	5.8979  GBP
10p ordinary		SWAP		Decreasing Short		8,379	5.8633  GBP
10p ordinary		SWAP		Decreasing Short		2,751	5.8679  GBP
10p ordinary		SWAP		Decreasing Short		1,560	5.8805  GBP
10p ordinary		SWAP		Decreasing Short		69,815	5.8947  GBP
10p ordinary		SWAP		Decreasing Short		241,013	5.8950  GBP
10p ordinary		SWAP		Decreasing Short		104,523	5.8987  GBP
10p ordinary		SWAP		Decreasing Short		25,000	5.8989  USD
10p ordinary		SWAP		Decreasing Short		74,266	5.9008  GBP
10p ordinary		SWAP		Decreasing Short		25,640	5.9047  GBP
10p ordinary		SWAP		Decreasing Short		24,576	5.9055  GBP
10p ordinary		SWAP		Increasing Short		280,000	5.7609  USD
10p ordinary		SWAP		Increasing Short		132	5.8450  GBP
10p ordinary		SWAP		Increasing Short		4,113	5.8636  GBP
10p ordinary		SWAP		Increasing Short		56,925	5.8754  GBP
10p ordinary		SWAP		Increasing Short		2,029	5.8815  GBP
10p ordinary		SWAP		Increasing Short		622	5.8880  GBP
10p ordinary		SWAP		Increasing Short		13,662	5.8906  GBP
10p ordinary		SWAP		Increasing Short		21,839	5.8924  GBP
10p ordinary		SWAP		Increasing Short		65,085	5.8940  GBP
10p ordinary		SWAP		Increasing Short		17,913	5.8950  GBP
10p ordinary		SWAP		Increasing Short		459,066	5.9087  GBP
10p ordinary		CFD		Decreasing Short		55,619	5.8950  GBP
10p ordinary		CFD		Decreasing Short		29	5.9096  GBP
10p ordinary		CFD		Decreasing Short		30,000	5.9098  GBP
10p ordinary		CFD		Increasing Short		21,523	5.8931  GBP
10p ordinary		CFD		Increasing Short		433	5.8950  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:				20 Jan 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

 

END