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:

31 Oct 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:

25,144,274

1.82%

24,916,594

1.80%

(2)

Cash-settled derivatives:

and/or controlled:

11,820,184

0.86%

22,699,670

1.64%

(3)

Stock-settled derivatives (including options)

and agreements to purchase/sell:

0

0.00%

0

0.00%

TOTAL:

36,964,458

2.68%

47,616,264

3.44%

(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

494,198

5.2907 GBP

10p ordinary

Purchase

481,611

4.7980 GBP

10p ordinary

Purchase

250,311

5.4508 GBP

10p ordinary

Purchase

231,480

5.3609 GBP

10p ordinary

Purchase

150,505

4.8408 GBP

10p ordinary

Purchase

128,462

5.4550 GBP

10p ordinary

Purchase

111,334

5.4300 GBP

10p ordinary

Purchase

97,518

5.1579 GBP

10p ordinary

Purchase

51,754

5.4065 GBP

10p ordinary

Purchase

50,000

4.7663 GBP

10p ordinary

Purchase

48,033

5.4249 GBP

10p ordinary

Purchase

39,165

5.1367 GBP

10p ordinary

Purchase

28,790

5.1050 GBP

10p ordinary

Purchase

24,647

4.8480 GBP

10p ordinary

Purchase

16,030

5.0872 GBP

10p ordinary

Purchase

15,542

4.9983 GBP

10p ordinary

Purchase

9,551

4.9276 GBP

10p ordinary

Purchase

9,005

4.8550 GBP

10p ordinary

Purchase

6,399

4.7976 GBP

10p ordinary

Purchase

5,000

5.0400 GBP

10p ordinary

Purchase

4,967

5.0038 GBP

10p ordinary

Purchase

2,790

4.9323 GBP

10p ordinary

Purchase

2,566

5.4758 GBP

10p ordinary

Purchase

2,144

4.9724 GBP

10p ordinary

Purchase

1,421

4.8883 GBP

10p ordinary

Purchase

1,329

4.8600 GBP

10p ordinary

Purchase

1,320

5.2729 GBP

10p ordinary

Purchase

938

5.4000 GBP

10p ordinary

Purchase

935

4.7560 GBP

10p ordinary

Purchase

766

5.4445 GBP

10p ordinary

Purchase

740

4.7962 GBP

10p ordinary

Purchase

665

5.3675 GBP

10p ordinary

Purchase

650

5.2250 GBP

10p ordinary

Purchase

558

4.7340 GBP

10p ordinary

Purchase

536

4.9120 GBP

10p ordinary

Purchase

500

5.4100 GBP

10p ordinary

Purchase

490

5.4777 GBP

10p ordinary

Purchase

455

4.9040 GBP

10p ordinary

Purchase

449

5.4907 GBP

10p ordinary

Purchase

363

4.7480 GBP

10p ordinary

Purchase

319

4.8520 GBP

10p ordinary

Purchase

268

4.7520 GBP

10p ordinary

Purchase

213

4.7280 GBP

10p ordinary

Purchase

202

4.9440 GBP

10p ordinary

Purchase

166

5.4125 GBP

10p ordinary

Purchase

67

5.4596 GBP

10p ordinary

Purchase

23

4.9002 GBP

10p ordinary

Purchase

12

5.4150 GBP

10p ordinary

Sale

527,159

5.3502 GBP

10p ordinary

Sale

480,320

5.1066 GBP

10p ordinary

Sale

444,523

5.4497 GBP

10p ordinary

Sale

250,311

5.4508 GBP

10p ordinary

Sale

205,215

5.1929 GBP

10p ordinary

Sale

195,432

5.2907 GBP

10p ordinary

Sale

171,789

5.3188 GBP

10p ordinary

Sale

131,070

5.0853 GBP

10p ordinary

Sale

85,645

4.8157 GBP

10p ordinary

Sale

85,452

5.4552 GBP

10p ordinary

Sale

68,713

4.8485 GBP

10p ordinary

Sale

49,820

5.3638 GBP

10p ordinary

Sale

41,748

5.1714 GBP

10p ordinary

Sale

36,647

5.0023 GBP

10p ordinary

Sale

27,915

5.3862 GBP

10p ordinary

Sale

27,719

5.2584 GBP

10p ordinary

Sale

24,065

5.4369 GBP

10p ordinary

Sale

19,993

5.0643 GBP

10p ordinary

Sale

19,777

5.4539 GBP

10p ordinary

Sale

18,706

5.4250 GBP

10p ordinary

Sale

18,621

5.4550 GBP

10p ordinary

Sale

14,731

5.4439 GBP

10p ordinary

Sale

11,465

5.2489 GBP

10p ordinary

Sale

10,397

5.1938 GBP

10p ordinary

Sale

9,690

5.2477 GBP

10p ordinary

Sale

9,483

5.2574 GBP

10p ordinary

Sale

8,990

5.4297 GBP

10p ordinary

Sale

7,406

5.3054 GBP

10p ordinary

Sale

7,387

5.4288 GBP

10p ordinary

Sale

7,095

5.4446 GBP

10p ordinary

Sale

7,034

5.4321 GBP

10p ordinary

Sale

6,435

4.7741 GBP

10p ordinary

Sale

5,177

5.1393 GBP

10p ordinary

Sale

5,064

5.4594 GBP

10p ordinary

Sale

5,063

4.8337 GBP

10p ordinary

Sale

5,000

5.0400 GBP

10p ordinary

Sale

4,461

5.1330 GBP

10p ordinary

Sale

4,446

5.2340 GBP

10p ordinary

Sale

4,383

5.4403 GBP

10p ordinary

Sale

4,189

4.7442 GBP

10p ordinary

Sale

3,949

5.3520 GBP

10p ordinary

Sale

3,885

5.4323 GBP

10p ordinary

Sale

3,550

5.3326 GBP

10p ordinary

Sale

2,128

5.4141 GBP

10p ordinary

Sale

1,823

5.4328 GBP

10p ordinary

Sale

1,642

4.7404 GBP

10p ordinary

Sale

1,240

5.4415 GBP

10p ordinary

Sale

1,210

5.0821 GBP

10p ordinary

Sale

988

4.8834 GBP

10p ordinary

Sale

935

4.7560 GBP

10p ordinary

Sale

717

5.4175 GBP

10p ordinary

Sale

676

5.4050 GBP

10p ordinary

Sale

665

5.3680 GBP

10p ordinary

Sale

650

5.2255 GBP

10p ordinary

Sale

630

4.7460 GBP

10p ordinary

Sale

558

4.7340 GBP

10p ordinary

Sale

536

4.9120 GBP

10p ordinary

Sale

501

5.4100 GBP

10p ordinary

Sale

500

5.4105 GBP

10p ordinary

Sale

455

4.9040 GBP

10p ordinary

Sale

363

4.7480 GBP

10p ordinary

Sale

319

4.8520 GBP

10p ordinary

Sale

287

5.4650 GBP

10p ordinary

Sale

268

4.7520 GBP

10p ordinary

Sale

213

4.7280 GBP

10p ordinary

Sale

202

4.9440 GBP

10p ordinary

Sale

166

5.4130 GBP

10p ordinary

Sale

75

4.7838 GBP

10p ordinary

Sale

67

5.4601 GBP

10p ordinary

Sale

12

5.4155 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 Long

31,422

5.3051 GBP

10p ordinary

SWAP

Decreasing Short

988

4.8834 GBP

10p ordinary

SWAP

Decreasing Short

480,320

5.1066 GBP

10p ordinary

SWAP

Decreasing Short

205,215

5.1930 GBP

10p ordinary

SWAP

Decreasing Short

195,432

5.2907 GBP

10p ordinary

SWAP

Decreasing Short

75,374

5.3088 GBP

10p ordinary

SWAP

Decreasing Short

116,906

5.3127 GBP

10p ordinary

SWAP

Decreasing Short

2,918

5.3700 GBP

10p ordinary

SWAP

Decreasing Short

444,523

5.4497 GBP

10p ordinary

SWAP

Decreasing Short

125,190

5.4506 GBP

10p ordinary

SWAP

Decreasing Short

19,777

5.4539 GBP

10p ordinary

SWAP

Decreasing Short

2,165

5.4550 GBP

10p ordinary

SWAP

Increasing Short

50,000

4.7663 USD

10p ordinary

SWAP

Increasing Short

2,790

4.9323 GBP

10p ordinary

SWAP

Increasing Short

97,518

5.1579 GBP

10p ordinary

SWAP

Increasing Short

938

5.4000 GBP

10p ordinary

SWAP

Increasing Short

125,544

5.4546 GBP

10p ordinary

SWAP

Increasing Short

61,007

5.4550 GBP

10p ordinary

SWAP

Increasing Short

100,915

5.4560 USD

10p ordinary

SWAP

Increasing Short

1,705

5.4662 GBP

10p ordinary

CFD

Decreasing Short

55,681

5.1965 GBP

10p ordinary

CFD

Decreasing Short

100,000

5.4351 GBP

10p ordinary

CFD

Decreasing Short

250,311

5.4508 GBP

10p ordinary

CFD

Decreasing Short

694

5.4550 GBP

10p ordinary

CFD

Increasing Short

197,790

5.0675 GBP

10p ordinary

CFD

Increasing Short

694

5.4550 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:

01 Nov 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213