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 relevant securities this form relates:

DS SMITH PLC

(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:

22 Jul 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?

YES: 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:

35,984,876

2.61%

28,091,122

2.04%

(2) Cash-settled derivatives:

7,656,604

0.55%

35,941,484

2.61%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

0

0.00%

0

0.00%

TOTAL: 

43,641,480

3.16%

64,032,606

4.64%

(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 PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

10p ordinary

Purchase

229,588

4.5277 GBP

10p ordinary

Purchase

183,445

4.5180 GBP

10p ordinary

Purchase

122,204

4.5173 GBP

10p ordinary

Purchase

89,573

4.5117 GBP

10p ordinary

Purchase

86,482

4.5119 GBP

10p ordinary

Purchase

52,682

4.5171 GBP

10p ordinary

Purchase

22,817

4.5072 GBP

10p ordinary

Purchase

6,324

4.4940 GBP

10p ordinary

Purchase

5,703

4.5003 GBP

10p ordinary

Purchase

3,922

4.4850 GBP

10p ordinary

Purchase

2,834

4.5251 GBP

10p ordinary

Purchase

2,759

4.4972 GBP

10p ordinary

Purchase

2,568

4.4945 GBP

10p ordinary

Purchase

2,453

4.5049 GBP

10p ordinary

Purchase

1,278

4.4900 GBP

10p ordinary

Purchase

1,171

4.4680 GBP

10p ordinary

Purchase

733

4.5120 GBP

10p ordinary

Purchase

643

4.4920 GBP

10p ordinary

Purchase

643

4.4915 GBP

10p ordinary

Purchase

631

4.4539 GBP

10p ordinary

Purchase

607

4.5260 GBP

10p ordinary

Purchase

535

4.5310 GBP

10p ordinary

Purchase

395

4.4960 GBP

10p ordinary

Purchase

348

4.4820 GBP

10p ordinary

Purchase

153

4.5320 GBP

10p ordinary

Purchase

69

4.4840 GBP

10p ordinary

Sale

302,879

4.5184 GBP

10p ordinary

Sale

232,054

4.5211 GBP

10p ordinary

Sale

112,034

4.5117 GBP

10p ordinary

Sale

73,893

4.5105 GBP

10p ordinary

Sale

49,552

4.5293 GBP

10p ordinary

Sale

45,192

4.5262 GBP

10p ordinary

Sale

43,894

4.5183 GBP

10p ordinary

Sale

39,039

4.5245 GBP

10p ordinary

Sale

34,902

4.5180 GBP

10p ordinary

Sale

29,026

4.5203 GBP

10p ordinary

Sale

26,426

4.4421 GBP

10p ordinary

Sale

22,446

4.5267 GBP

10p ordinary

Sale

20,776

4.5260 GBP

10p ordinary

Sale

13,480

4.5295 GBP

10p ordinary

Sale

9,330

4.5297 GBP

10p ordinary

Sale

6,860

4.5257 GBP

10p ordinary

Sale

4,327

4.5268 GBP

10p ordinary

Sale

3,171

4.4791 GBP

10p ordinary

Sale

2,460

4.5301 GBP

10p ordinary

Sale

1,512

4.5285 GBP

10p ordinary

Sale

1,171

4.4680 GBP

10p ordinary

Sale

643

4.4920 GBP

10p ordinary

Sale

604

4.4560 GBP

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

10p ordinary

CFD

Decreasing Short

10,287

4.5180 GBP

10p ordinary

CFD

Increasing Short

1,171

4.4680 GBP

10p ordinary

CFD

Increasing Short

69

4.4843 GBP

10p ordinary

CFD

Increasing Short

332

4.5180 GBP

10p ordinary

SWAP

Increasing Long

1,847

4.5172 GBP

10p ordinary

SWAP

Increasing Long

14,325

4.5173 GBP

10p ordinary

SWAP

Decreasing Short

604

4.4560 GBP

10p ordinary

SWAP

Decreasing Short

3,171

4.4791 GBP

10p ordinary

SWAP

Decreasing Short

112,034

4.5117 GBP

10p ordinary

SWAP

Decreasing Short

30,355

4.5175 GBP

10p ordinary

SWAP

Decreasing Short

81,376

4.5180 GBP

10p ordinary

SWAP

Increasing Short

1,200

4.4680 GBP

10p ordinary

SWAP

Increasing Short

348

4.4820 GBP

10p ordinary

SWAP

Increasing Short

3,922

4.4850 GBP

10p ordinary

SWAP

Increasing Short

86,482

4.5119 GBP

10p ordinary

SWAP

Increasing Short

59,656

4.5183 GBP

10p ordinary

SWAP

Increasing Long

29,026

4.5203 GBP

10p ordinary

SWAP

Decreasing Long

5,480

4.5054 GBP

10p ordinary

SWAP

Decreasing Long

17,337

4.5078 GBP

10p ordinary

SWAP

Decreasing Long

30

4.5120 GBP

10p ordinary

SWAP

Decreasing Short

26,426

4.4421 GBP

10p ordinary

SWAP

Decreasing Short

73,893

4.5105 GBP

10p ordinary

SWAP

Decreasing Short

85,327

4.5180 GBP

10p ordinary

SWAP

Increasing Short

631

4.4540 GBP

10p ordinary

SWAP

Increasing Short

37,546

4.5175 GBP

10p ordinary

SWAP

Increasing Short

25,000

4.5180 GBP

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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 person 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:

23 Jul 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213