Form 8.3 - Smith (DS) plc

RNS Number : 5137V

Barclays PLC

31 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:				30 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:			38,210,330	2.77%	13,253,204	0.96%
(2)	Cash-settled derivatives:
	and/or controlled:			13,060,675	0.95%	35,678,423	2.58%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			51,271,005	3.71%	48,931,627	3.54%
(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		3,196,572		5.9700 GBP
10p ordinary		Purchase		369,593		5.8592 GBP
10p ordinary		Purchase		204,122		5.8367 GBP
10p ordinary		Purchase		160,848		5.8606 GBP
10p ordinary		Purchase		131,804		5.8850 GBP
10p ordinary		Purchase		96,719		5.8853 GBP
10p ordinary		Purchase		93,629		5.8288 GBP
10p ordinary		Purchase		84,830		5.7055 GBP
10p ordinary		Purchase		55,684		5.8300 GBP
10p ordinary		Purchase		48,706		5.8435 GBP
10p ordinary		Purchase		47,972		5.9705 GBP
10p ordinary		Purchase		45,443		5.8231 GBP
10p ordinary		Purchase		35,323		5.9062 GBP
10p ordinary		Purchase		32,386		5.8677 GBP
10p ordinary		Purchase		27,842		5.8050 GBP
10p ordinary		Purchase		25,000		5.8867 GBP
10p ordinary		Purchase		12,606		5.7281 GBP
10p ordinary		Purchase		11,967		5.9856 GBP
10p ordinary		Purchase		9,755		5.8773 GBP
10p ordinary		Purchase		9,159		5.8415 GBP
10p ordinary		Purchase		9,042		5.8284 GBP
10p ordinary		Purchase		7,515		5.7985 GBP
10p ordinary		Purchase		5,000		5.9850 GBP
10p ordinary		Purchase		4,607		5.9543 GBP
10p ordinary		Purchase		2,931		5.7935 GBP
10p ordinary		Purchase		2,501		5.9131 GBP
10p ordinary		Purchase		2,301		5.8475 GBP
10p ordinary		Purchase		1,782		5.7664 GBP
10p ordinary		Purchase		1,660		5.7917 GBP
10p ordinary		Purchase		1,636		5.9925 GBP
10p ordinary		Purchase		1,250		5.9975 GBP
10p ordinary		Purchase		944		5.7300 GBP
10p ordinary		Purchase		886		5.6600 GBP
10p ordinary		Purchase		832		5.8250 GBP
10p ordinary		Purchase		792		5.9875 GBP
10p ordinary		Purchase		716		5.7829 GBP
10p ordinary		Purchase		666		5.7750 GBP
10p ordinary		Purchase		616		5.8605 GBP
10p ordinary		Purchase		615		5.7100 GBP
10p ordinary		Purchase		611		5.8732 GBP
10p ordinary		Purchase		558		5.7700 GBP
10p ordinary		Purchase		533		5.9037 GBP
10p ordinary		Purchase		360		5.6950 GBP
10p ordinary		Purchase		270		5.7350 GBP
10p ordinary		Purchase		71		5.8500 GBP
10p ordinary		Purchase		10		5.8610 GBP
10p ordinary		Sale		510,884		5.8754 GBP
10p ordinary		Sale		183,342		5.8131 GBP
10p ordinary		Sale		156,940		5.8850 GBP
10p ordinary		Sale		141,000		5.8270 GBP
10p ordinary		Sale		96,719		5.8853 GBP
10p ordinary		Sale		81,599		5.8406 GBP
10p ordinary		Sale		60,991		5.8136 GBP
10p ordinary		Sale		53,092		5.7922 GBP
10p ordinary		Sale		43,620		5.8603 GBP
10p ordinary		Sale		32,700		5.8659 GBP
10p ordinary		Sale		28,805		5.7763 GBP
10p ordinary		Sale		26,463		5.7957 GBP
10p ordinary		Sale		24,690		5.7947 GBP
10p ordinary		Sale		23,700		5.8989 GBP
10p ordinary		Sale		20,434		5.8966 GBP
10p ordinary		Sale		15,838		5.8728 GBP
10p ordinary		Sale		12,213		5.7861 GBP
10p ordinary		Sale		9,715		5.9471 GBP
10p ordinary		Sale		9,547		5.9032 GBP
10p ordinary		Sale		7,684		5.7945 GBP
10p ordinary		Sale		6,316		5.9682 GBP
10p ordinary		Sale		4,527		5.7167 GBP
10p ordinary		Sale		3,707		5.8918 GBP
10p ordinary		Sale		3,471		5.7137 GBP
10p ordinary		Sale		3,239		5.8342 GBP
10p ordinary		Sale		3,205		5.6950 GBP
10p ordinary		Sale		2,231		5.7735 GBP
10p ordinary		Sale		1,678		5.6475 GBP
10p ordinary		Sale		1,141		5.7693 GBP
10p ordinary		Sale		1,112		5.8244 GBP
10p ordinary		Sale		999		5.6900 GBP
10p ordinary		Sale		944		5.7300 GBP
10p ordinary		Sale		886		5.6600 GBP
10p ordinary		Sale		832		5.8250 GBP
10p ordinary		Sale		806		5.9712 GBP
10p ordinary		Sale		666		5.7750 GBP
10p ordinary		Sale		625		5.6925 GBP
10p ordinary		Sale		615		5.7100 GBP
10p ordinary		Sale		558		5.7700 GBP
10p ordinary		Sale		540		5.7350 GBP
10p ordinary		Sale		112		5.8400 GBP
10p ordinary		Sale		109		5.8300 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		25,402	5.7690 GBP
10p ordinary		SWAP		Decreasing Short		183,342	5.8132 GBP
10p ordinary		SWAP		Decreasing Short		60,991	5.8136 GBP
10p ordinary		SWAP		Decreasing Short		33,783	5.8157 GBP
10p ordinary		SWAP		Decreasing Short		36,633	5.8300 GBP
10p ordinary		SWAP		Decreasing Short		180,583	5.8386 GBP
10p ordinary		SWAP		Decreasing Short		53,201	5.8709 GBP
10p ordinary		SWAP		Decreasing Short		56,400	5.8797 USD
10p ordinary		SWAP		Decreasing Short		401,326	5.8850 GBP
10p ordinary		SWAP		Decreasing Short		3,707	5.8918 GBP
10p ordinary		SWAP		Decreasing Short		9,547	5.9032 GBP
10p ordinary		SWAP		Increasing Short		45,443	5.8228 USD
10p ordinary		SWAP		Increasing Short		93,629	5.8288 USD
10p ordinary		SWAP		Increasing Short		204,122	5.8367 USD
10p ordinary		SWAP		Increasing Short		160,848	5.8606 GBP
10p ordinary		SWAP		Increasing Short		32,386	5.8677 GBP
10p ordinary		SWAP		Increasing Short		649	5.8850 GBP
10p ordinary		SWAP		Increasing Short		103	5.8853 GBP
10p ordinary		SWAP		Increasing Short		25,000	5.8868 GBP
10p ordinary		SWAP		Increasing Short		44,692	5.8871 GBP
10p ordinary		SWAP		Increasing Short		35,323	5.9062 GBP
10p ordinary		SWAP		Increasing Short		21,648	5.9133 GBP
10p ordinary		SWAP		Increasing Short		14,033	5.9201 GBP
10p ordinary		SWAP		Increasing Short		305	5.9650 GBP
10p ordinary		SWAP		Increasing Short		3,196,572	5.9700 GBP
10p ordinary		CFD		Decreasing Short		2,951	5.8850 GBP
10p ordinary		CFD		Decreasing Short		19	5.8852 GBP
10p ordinary		CFD		Decreasing Short		6,527	5.8982 GBP
10p ordinary		CFD		Increasing Short		40,278	5.7889 GBP
10p ordinary		CFD		Increasing Short		67,738	5.7957 GBP
10p ordinary		CFD		Increasing Short		12,304	5.8526 GBP
10p ordinary		CFD		Increasing Short		2,951	5.8850 GBP
10p ordinary		CFD		Increasing Short		19	5.8852 GBP
10p ordinary		CFD		Increasing Short		96,719	5.8853 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:				31 Jan 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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