Form 8.3 - Smith (DS) plc

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:

13 Nov 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:

24,246,947

1.75%

23,113,415

1.67%

(2)

Cash-settled derivatives:

and/or controlled:

11,970,516

0.87%

23,250,309

1.68%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

36,217,463

2.62%

46,363,724

3.35%

(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

414,837

5.6250 GBP

10p ordinary

Purchase

325,985

5.6044 GBP

10p ordinary

Purchase

209,680

5.6132 GBP

10p ordinary

Purchase

151,118

5.6063 GBP

10p ordinary

Purchase

140,990

5.6207 GBP

10p ordinary

Purchase

113,042

5.6400 GBP

10p ordinary

Purchase

79,828

5.5902 GBP

10p ordinary

Purchase

51,876

5.6056 GBP

10p ordinary

Purchase

33,323

5.6351 GBP

10p ordinary

Purchase

30,489

5.5939 GBP

10p ordinary

Purchase

24,059

5.6130 GBP

10p ordinary

Purchase

23,307

5.5750 GBP

10p ordinary

Purchase

21,984

5.6146 GBP

10p ordinary

Purchase

17,611

5.6029 GBP

10p ordinary

Purchase

13,430

5.6235 GBP

10p ordinary

Purchase

12,477

5.6049 GBP

10p ordinary

Purchase

11,805

5.6015 GBP

10p ordinary

Purchase

11,227

5.6293 GBP

10p ordinary

Purchase

10,562

5.6178 GBP

10p ordinary

Purchase

9,699

5.6284 GBP

10p ordinary

Purchase

9,660

5.6239 GBP

10p ordinary

Purchase

9,117

5.5769 GBP

10p ordinary

Purchase

8,109

5.6249 GBP

10p ordinary

Purchase

6,139

5.6212 GBP

10p ordinary

Purchase

6,054

5.5582 GBP

10p ordinary

Purchase

4,903

5.6194 GBP

10p ordinary

Purchase

4,760

5.6075 GBP

10p ordinary

Purchase

4,529

5.5638 GBP

10p ordinary

Purchase

3,854

5.5786 GBP

10p ordinary

Purchase

3,489

5.6294 GBP

10p ordinary

Purchase

3,433

5.6269 GBP

10p ordinary

Purchase

2,619

5.6364 GBP

10p ordinary

Purchase

2,441

5.5631 GBP

10p ordinary

Purchase

2,338

5.6300 GBP

10p ordinary

Purchase

2,270

5.6204 GBP

10p ordinary

Purchase

2,124

5.5700 GBP

10p ordinary

Purchase

1,982

5.6417 GBP

10p ordinary

Purchase

1,813

5.5650 GBP

10p ordinary

Purchase

1,449

5.6376 GBP

10p ordinary

Purchase

1,397

5.5816 GBP

10p ordinary

Purchase

1,394

5.5800 GBP

10p ordinary

Purchase

1,288

5.6000 GBP

10p ordinary

Purchase

1,216

5.5600 GBP

10p ordinary

Purchase

1,123

5.5950 GBP

10p ordinary

Purchase

1,048

5.5594 GBP

10p ordinary

Purchase

703

5.5775 GBP

10p ordinary

Purchase

528

5.6150 GBP

10p ordinary

Purchase

430

5.5925 GBP

10p ordinary

Purchase

390

5.5850 GBP

10p ordinary

Sale

200,444

5.6158 GBP

10p ordinary

Sale

135,591

5.6048 GBP

10p ordinary

Sale

117,864

5.5919 GBP

10p ordinary

Sale

94,148

5.6193 GBP

10p ordinary

Sale

72,895

5.6067 GBP

10p ordinary

Sale

71,911

5.5900 GBP

10p ordinary

Sale

62,038

5.6231 GBP

10p ordinary

Sale

54,282

5.5965 GBP

10p ordinary

Sale

32,545

5.6144 GBP

10p ordinary

Sale

24,723

5.6250 GBP

10p ordinary

Sale

24,437

5.6106 GBP

10p ordinary

Sale

23,889

5.6198 GBP

10p ordinary

Sale

21,798

5.5863 GBP

10p ordinary

Sale

20,125

5.6130 GBP

10p ordinary

Sale

17,554

5.5803 GBP

10p ordinary

Sale

17,029

5.5877 GBP

10p ordinary

Sale

16,540

5.6103 GBP

10p ordinary

Sale

15,575

5.5751 GBP

10p ordinary

Sale

14,379

5.6083 GBP

10p ordinary

Sale

11,805

5.6015 GBP

10p ordinary

Sale

10,605

5.6268 GBP

10p ordinary

Sale

10,292

5.5976 GBP

10p ordinary

Sale

9,420

5.6035 GBP

10p ordinary

Sale

9,169

5.6350 GBP

10p ordinary

Sale

9,117

5.5775 GBP

10p ordinary

Sale

8,784

5.6292 GBP

10p ordinary

Sale

8,084

5.6036 GBP

10p ordinary

Sale

7,424

5.5750 GBP

10p ordinary

Sale

6,054

5.5587 GBP

10p ordinary

Sale

5,894

5.5759 GBP

10p ordinary

Sale

5,013

5.6295 GBP

10p ordinary

Sale

4,181

5.6255 GBP

10p ordinary

Sale

4,045

5.5772 GBP

10p ordinary

Sale

3,806

5.6022 GBP

10p ordinary

Sale

3,088

5.5958 GBP

10p ordinary

Sale

2,825

5.6108 GBP

10p ordinary

Sale

2,619

5.6364 GBP

10p ordinary

Sale

2,441

5.5636 GBP

10p ordinary

Sale

2,338

5.6300 GBP

10p ordinary

Sale

2,264

5.5600 GBP

10p ordinary

Sale

2,124

5.5700 GBP

10p ordinary

Sale

1,921

5.6050 GBP

10p ordinary

Sale

1,850

5.6260 GBP

10p ordinary

Sale

1,748

5.6448 GBP

10p ordinary

Sale

1,704

5.6325 GBP

10p ordinary

Sale

1,665

5.6400 GBP

10p ordinary

Sale

1,639

5.6333 GBP

10p ordinary

Sale

1,449

5.6376 GBP

10p ordinary

Sale

1,137

5.5954 GBP

10p ordinary

Sale

1,075

5.6126 GBP

10p ordinary

Sale

1,073

5.5650 GBP

10p ordinary

Sale

730

5.6373 GBP

10p ordinary

Sale

695

5.5925 GBP

10p ordinary

Sale

668

5.6399 GBP

10p ordinary

Sale

609

5.6000 GBP

10p ordinary

Sale

549

5.5950 GBP

10p ordinary

Sale

528

5.6150 GBP

10p ordinary

Sale

505

5.6425 GBP

10p ordinary

Sale

309

5.5500 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

Decreasing Short

117,864

5.5919 GBP

10p ordinary

SWAP

Decreasing Short

1,137

5.5954 GBP

10p ordinary

SWAP

Decreasing Short

3,088

5.5958 GBP

10p ordinary

SWAP

Decreasing Short

7,714

5.6026 GBP

10p ordinary

SWAP

Decreasing Short

21,694

5.6052 GBP

10p ordinary

SWAP

Decreasing Short

72,895

5.6067 GBP

10p ordinary

SWAP

Decreasing Short

35,487

5.6086 GBP

10p ordinary

SWAP

Decreasing Short

19,068

5.6105 GBP

10p ordinary

SWAP

Decreasing Short

66,892

5.6241 GBP

10p ordinary

SWAP

Decreasing Short

730

5.6373 GBP

10p ordinary

SWAP

Decreasing Short

668

5.6399 GBP

10p ordinary

SWAP

Increasing Short

8,016

5.5773 GBP

10p ordinary

SWAP

Increasing Short

1,397

5.5816 GBP

10p ordinary

SWAP

Increasing Short

430

5.5925 GBP

10p ordinary

SWAP

Increasing Short

2,020

5.5939 GBP

10p ordinary

SWAP

Increasing Short

574

5.5950 GBP

10p ordinary

SWAP

Increasing Short

151,118

5.6063 GBP

10p ordinary

SWAP

Increasing Short

7,940

5.6073 GBP

10p ordinary

SWAP

Increasing Short

166,820

5.6135 GBP

10p ordinary

SWAP

Increasing Short

67,999

5.6228 GBP

10p ordinary

SWAP

Increasing Short

61,139

5.6248 GBP

10p ordinary

SWAP

Increasing Short

312,571

5.6250 GBP

10p ordinary

SWAP

Increasing Short

33,323

5.6351 USD

10p ordinary

SWAP

Increasing Short

1,982

5.6417 GBP

10p ordinary

CFD

Decreasing Short

11,805

5.6015 GBP

10p ordinary

CFD

Decreasing Short

7,703

5.6159 GBP

10p ordinary

CFD

Decreasing Short

70,000

5.6242 GBP

10p ordinary

CFD

Increasing Short

60,000

5.5887 GBP

10p ordinary

CFD

Increasing Short

4,584

5.6250 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:

14 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213