Form 8.3 -DS SMITH PLC

RNS Number : 3399V

Barclays PLC

30 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:				29 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:			34,728,577	2.52%	13,256,567	0.96%
(2)	Cash-settled derivatives:
	and/or controlled:			13,066,452	0.95%	32,329,104	2.34%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			47,795,029	3.46%	45,585,671	3.30%
(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		463,418		6.0274 GBP
10p ordinary		Purchase		387,830		6.0040 GBP
10p ordinary		Purchase		293,189		6.0019 GBP
10p ordinary		Purchase		179,296		6.0237 GBP
10p ordinary		Purchase		134,000		6.0422 GBP
10p ordinary		Purchase		128,014		6.0051 GBP
10p ordinary		Purchase		125,802		5.9901 GBP
10p ordinary		Purchase		125,768		5.9700 GBP
10p ordinary		Purchase		115,975		6.0217 GBP
10p ordinary		Purchase		91,722		5.9835 GBP
10p ordinary		Purchase		56,829		5.9815 GBP
10p ordinary		Purchase		36,788		6.0137 GBP
10p ordinary		Purchase		22,431		5.9881 GBP
10p ordinary		Purchase		20,956		6.0700 GBP
10p ordinary		Purchase		20,617		6.0107 GBP
10p ordinary		Purchase		19,289		6.0254 GBP
10p ordinary		Purchase		15,000		6.0336 GBP
10p ordinary		Purchase		12,249		6.0175 GBP
10p ordinary		Purchase		10,000		5.9717 GBP
10p ordinary		Purchase		9,327		5.9965 GBP
10p ordinary		Purchase		8,771		5.9600 GBP
10p ordinary		Purchase		7,936		5.9729 GBP
10p ordinary		Purchase		7,238		5.9772 GBP
10p ordinary		Purchase		5,962		5.9940 GBP
10p ordinary		Purchase		5,504		5.9800 GBP
10p ordinary		Purchase		5,165		5.9936 GBP
10p ordinary		Purchase		5,105		5.9929 GBP
10p ordinary		Purchase		4,064		6.0000 GBP
10p ordinary		Purchase		3,902		5.9658 GBP
10p ordinary		Purchase		3,887		5.9886 GBP
10p ordinary		Purchase		3,307		5.9963 GBP
10p ordinary		Purchase		2,948		5.9561 GBP
10p ordinary		Purchase		2,881		6.0108 GBP
10p ordinary		Purchase		2,705		6.0285 GBP
10p ordinary		Purchase		2,654		5.9575 GBP
10p ordinary		Purchase		2,493		5.9875 GBP
10p ordinary		Purchase		2,172		6.0160 GBP
10p ordinary		Purchase		1,895		6.0150 GBP
10p ordinary		Purchase		1,123		6.0466 GBP
10p ordinary		Purchase		1,094		5.9850 GBP
10p ordinary		Purchase		1,048		5.9972 GBP
10p ordinary		Purchase		715		6.0750 GBP
10p ordinary		Purchase		569		6.0100 GBP
10p ordinary		Purchase		553		6.0250 GBP
10p ordinary		Sale		177,700		5.9951 GBP
10p ordinary		Sale		133,810		5.9918 GBP
10p ordinary		Sale		97,049		5.9869 GBP
10p ordinary		Sale		50,000		5.9948 GBP
10p ordinary		Sale		39,609		5.9758 GBP
10p ordinary		Sale		31,665		6.0035 GBP
10p ordinary		Sale		29,684		6.0369 GBP
10p ordinary		Sale		29,389		5.9908 GBP
10p ordinary		Sale		27,882		6.0236 GBP
10p ordinary		Sale		23,790		5.9700 GBP
10p ordinary		Sale		22,972		6.0187 GBP
10p ordinary		Sale		20,956		6.0700 GBP
10p ordinary		Sale		18,017		6.0303 GBP
10p ordinary		Sale		16,250		5.9837 GBP
10p ordinary		Sale		10,577		6.0582 GBP
10p ordinary		Sale		8,771		5.9600 GBP
10p ordinary		Sale		6,684		5.9973 GBP
10p ordinary		Sale		6,666		6.0296 GBP
10p ordinary		Sale		6,253		6.0186 GBP
10p ordinary		Sale		5,349		5.9870 GBP
10p ordinary		Sale		5,088		6.0435 GBP
10p ordinary		Sale		4,223		5.9904 GBP
10p ordinary		Sale		3,990		5.9711 GBP
10p ordinary		Sale		3,972		6.0650 GBP
10p ordinary		Sale		3,902		5.9664 GBP
10p ordinary		Sale		3,547		5.9712 GBP
10p ordinary		Sale		2,948		5.9567 GBP
10p ordinary		Sale		2,337		6.0167 GBP
10p ordinary		Sale		1,895		6.0150 GBP
10p ordinary		Sale		1,560		6.0050 GBP
10p ordinary		Sale		1,267		6.0000 GBP
10p ordinary		Sale		1,105		6.0200 GBP
10p ordinary		Sale		1,072		6.0047 GBP
10p ordinary		Sale		1,049		5.9900 GBP
10p ordinary		Sale		715		6.0750 GBP
10p ordinary		Sale		617		5.9550 GBP
10p ordinary		Sale		553		6.0250 GBP
10p ordinary		Sale		548		5.9850 GBP
10p ordinary		Sale		47		6.0531 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		81,341	5.9700 GBP
10p ordinary		SWAP		Decreasing Short		39,609	5.9758 GBP
10p ordinary		SWAP		Decreasing Short		1,049	5.9900 GBP
10p ordinary		SWAP		Decreasing Short		70,767	5.9939 GBP
10p ordinary		SWAP		Decreasing Short		1,560	6.0050 GBP
10p ordinary		SWAP		Decreasing Short		47	6.0530 GBP
10p ordinary		SWAP		Decreasing Short		10,577	6.0582 GBP
10p ordinary		SWAP		Increasing Short		2,654	5.9576 USD
10p ordinary		SWAP		Increasing Short		106,454	5.9700 GBP
10p ordinary		SWAP		Increasing Short		14,055	5.9707 GBP
10p ordinary		SWAP		Increasing Short		77,730	5.9905 GBP
10p ordinary		SWAP		Increasing Short		30,000	5.9907 GBP
10p ordinary		SWAP		Increasing Short		5,484	6.0004 GBP
10p ordinary		SWAP		Increasing Short		387,830	6.0040 USD
10p ordinary		SWAP		Increasing Short		63,025	6.0063 GBP
10p ordinary		SWAP		Increasing Short		25,000	6.0089 GBP
10p ordinary		SWAP		Increasing Short		15,249	6.0107 GBP
10p ordinary		SWAP		Increasing Short		2,881	6.0108 GBP
10p ordinary		SWAP		Increasing Short		115,975	6.0217 GBP
10p ordinary		SWAP		Increasing Short		179,296	6.0237 USD
10p ordinary		SWAP		Increasing Short		19,289	6.0254 GBP
10p ordinary		SWAP		Increasing Short		463,418	6.0274 GBP
10p ordinary		SWAP		Increasing Short		23,024	6.0765 USD
10p ordinary		CFD		Decreasing Short		8,771	5.9600 GBP
10p ordinary		CFD		Decreasing Short		1	5.9700 GBP
10p ordinary		CFD		Decreasing Short		13,071	5.9765 GBP
10p ordinary		CFD		Decreasing Short		50,000	5.9811 GBP
10p ordinary		CFD		Increasing Short		82,951	5.9579 GBP
10p ordinary		CFD		Increasing Short		1	5.9700 GBP
10p ordinary		CFD		Increasing Short		5,753	6.0003 GBP
10p ordinary		CFD		Increasing Short		74,383	6.0199 GBP
10p ordinary		CFD		Increasing Short		103,999	6.0369 GBP
10p ordinary		CFD		Increasing Short		20,956	6.0700 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:				30 Jan 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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