Form 8.3 Smith (DS) PLC

RNS Number : 7016V

Barclays PLC

03 February 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:				31 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:			100,608,145	7.26%	13,177,190	0.95%
(2)	Cash-settled derivatives:
	and/or controlled:			13,215,500	0.95%	98,192,033	7.08%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			113,823,645	8.21%	111,369,223	8.03%
(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		70,500,365		5.8250 GBP
10p ordinary		Purchase		38,353,331		5.8256 GBP
10p ordinary		Purchase		26,934,897		5.8251 GBP
10p ordinary		Purchase		12,000,000		5.8252 GBP
10p ordinary		Purchase		2,222,698		5.8255 GBP
10p ordinary		Purchase		2,040,785		5.8245 GBP
10p ordinary		Purchase		1,500,000		5.8998 GBP
10p ordinary		Purchase		1,392,362		5.8279 GBP
10p ordinary		Purchase		1,000,000		5.9354 GBP
10p ordinary		Purchase		696,263		5.8811 GBP
10p ordinary		Purchase		535,750		5.8645 GBP
10p ordinary		Purchase		500,000		5.9076 GBP
10p ordinary		Purchase		500,000		5.8868 GBP
10p ordinary		Purchase		500,000		5.9314 GBP
10p ordinary		Purchase		500,000		5.9259 GBP
10p ordinary		Purchase		471,151		5.7860 GBP
10p ordinary		Purchase		432,552		5.8823 GBP
10p ordinary		Purchase		388,568		5.7828 GBP
10p ordinary		Purchase		344,747		5.9038 GBP
10p ordinary		Purchase		300,000		5.8267 GBP
10p ordinary		Purchase		269,634		5.8041 GBP
10p ordinary		Purchase		256,475		5.8928 GBP
10p ordinary		Purchase		251,948		5.8855 GBP
10p ordinary		Purchase		227,647		5.8925 GBP
10p ordinary		Purchase		200,000		5.8528 GBP
10p ordinary		Purchase		160,794		5.8909 GBP
10p ordinary		Purchase		103,255		5.8034 GBP
10p ordinary		Purchase		94,419		5.8553 GBP
10p ordinary		Purchase		93,517		5.8841 GBP
10p ordinary		Purchase		80,296		5.8122 GBP
10p ordinary		Purchase		78,868		5.8547 GBP
10p ordinary		Purchase		70,662		5.8259 GBP
10p ordinary		Purchase		61,155		5.8566 GBP
10p ordinary		Purchase		58,871		5.8800 GBP
10p ordinary		Purchase		51,778		5.9210 GBP
10p ordinary		Purchase		38,410		5.9454 GBP
10p ordinary		Purchase		37,286		5.8490 GBP
10p ordinary		Purchase		22,321		5.8129 GBP
10p ordinary		Purchase		21,677		5.8701 GBP
10p ordinary		Purchase		21,485		5.9500 GBP
10p ordinary		Purchase		20,844		5.7987 GBP
10p ordinary		Purchase		19,761		5.8946 GBP
10p ordinary		Purchase		18,179		5.8117 GBP
10p ordinary		Purchase		16,210		5.8058 GBP
10p ordinary		Purchase		14,664		5.7935 GBP
10p ordinary		Purchase		13,171		5.8661 GBP
10p ordinary		Purchase		12,719		5.8473 GBP
10p ordinary		Purchase		12,666		5.9381 GBP
10p ordinary		Purchase		12,653		5.8015 GBP
10p ordinary		Purchase		12,215		5.8200 GBP
10p ordinary		Purchase		11,048		5.8186 GBP
10p ordinary		Purchase		11,002		5.7985 GBP
10p ordinary		Purchase		10,604		5.8082 GBP
10p ordinary		Purchase		9,629		5.9550 GBP
10p ordinary		Purchase		8,348		5.7992 GBP
10p ordinary		Purchase		8,316		5.8150 GBP
10p ordinary		Purchase		8,235		5.9600 GBP
10p ordinary		Purchase		7,800		5.8365 GBP
10p ordinary		Purchase		7,401		5.8054 GBP
10p ordinary		Purchase		7,137		5.8908 GBP
10p ordinary		Purchase		7,112		5.8053 GBP
10p ordinary		Purchase		6,846		5.7886 GBP
10p ordinary		Purchase		6,148		5.9250 GBP
10p ordinary		Purchase		6,076		5.8350 GBP
10p ordinary		Purchase		5,865		5.8691 GBP
10p ordinary		Purchase		5,831		5.8050 GBP
10p ordinary		Purchase		5,640		5.8017 GBP
10p ordinary		Purchase		5,621		5.9200 GBP
10p ordinary		Purchase		5,145		5.8014 GBP
10p ordinary		Purchase		5,116		5.9400 GBP
10p ordinary		Purchase		5,097		5.8100 GBP
10p ordinary		Purchase		5,015		5.8042 GBP
10p ordinary		Purchase		4,316		5.8055 GBP
10p ordinary		Purchase		4,149		5.7970 GBP
10p ordinary		Purchase		3,917		5.8178 GBP
10p ordinary		Purchase		3,913		5.9150 GBP
10p ordinary		Purchase		3,900		5.9417 GBP
10p ordinary		Purchase		3,809		5.8092 GBP
10p ordinary		Purchase		3,790		5.8037 GBP
10p ordinary		Purchase		3,768		5.9650 GBP
10p ordinary		Purchase		3,766		5.8232 GBP
10p ordinary		Purchase		3,737		5.7900 GBP
10p ordinary		Purchase		3,641		5.8278 GBP
10p ordinary		Purchase		3,510		5.8660 GBP
10p ordinary		Purchase		3,494		5.8300 GBP
10p ordinary		Purchase		3,484		5.7899 GBP
10p ordinary		Purchase		3,409		5.9087 GBP
10p ordinary		Purchase		3,301		5.9350 GBP
10p ordinary		Purchase		3,259		6.0000 GBP
10p ordinary		Purchase		3,099		5.8000 GBP
10p ordinary		Purchase		2,988		5.9750 GBP
10p ordinary		Purchase		2,948		5.8355 GBP
10p ordinary		Purchase		2,944		5.8850 GBP
10p ordinary		Purchase		2,941		5.7850 GBP
10p ordinary		Purchase		2,772		5.7950 GBP
10p ordinary		Purchase		2,582		5.9100 GBP
10p ordinary		Purchase		2,411		5.8450 GBP
10p ordinary		Purchase		2,397		5.9450 GBP
10p ordinary		Purchase		2,313		5.9142 GBP
10p ordinary		Purchase		2,215		5.8750 GBP
10p ordinary		Purchase		2,214		5.8887 GBP
10p ordinary		Purchase		1,876		5.9700 GBP
10p ordinary		Purchase		1,774		5.8091 GBP
10p ordinary		Purchase		1,773		5.9850 GBP
10p ordinary		Purchase		1,766		5.9525 GBP
10p ordinary		Purchase		1,738		5.9042 GBP
10p ordinary		Purchase		1,707		5.8725 GBP
10p ordinary		Purchase		1,692		5.7927 GBP
10p ordinary		Purchase		1,594		5.8175 GBP
10p ordinary		Purchase		1,493		5.8400 GBP
10p ordinary		Purchase		1,416		5.9050 GBP
10p ordinary		Purchase		1,409		5.9675 GBP
10p ordinary		Purchase		1,300		5.8625 GBP
10p ordinary		Purchase		1,266		5.7952 GBP
10p ordinary		Purchase		1,201		5.9000 GBP
10p ordinary		Purchase		1,192		5.9800 GBP
10p ordinary		Purchase		1,183		5.9300 GBP
10p ordinary		Purchase		981		5.8225 GBP
10p ordinary		Purchase		900		5.7975 GBP
10p ordinary		Purchase		861		5.9625 GBP
10p ordinary		Purchase		809		5.7875 GBP
10p ordinary		Purchase		800		6.0100 GBP
10p ordinary		Purchase		737		5.9950 GBP
10p ordinary		Purchase		715		5.7600 GBP
10p ordinary		Purchase		648		5.9275 GBP
10p ordinary		Purchase		639		6.0050 GBP
10p ordinary		Purchase		622		5.9425 GBP
10p ordinary		Purchase		618		5.8075 GBP
10p ordinary		Purchase		614		5.7800 GBP
10p ordinary		Purchase		579		5.9375 GBP
10p ordinary		Purchase		560		5.9575 GBP
10p ordinary		Purchase		557		5.9125 GBP
10p ordinary		Purchase		553		5.9875 GBP
10p ordinary		Purchase		538		5.9225 GBP
10p ordinary		Purchase		364		5.8650 GBP
10p ordinary		Purchase		348		5.8900 GBP
10p ordinary		Purchase		180		5.9007 GBP
10p ordinary		Purchase		126		5.8165 GBP
10p ordinary		Purchase		4		5.8144 GBP
10p ordinary		Sale		38,096,661		5.8258 GBP
10p ordinary		Sale		25,845,299		5.8250 GBP
10p ordinary		Sale		22,498,120		5.8253 GBP
10p ordinary		Sale		9,930,104		5.8255 GBP
10p ordinary		Sale		2,500,000		5.8273 GBP
10p ordinary		Sale		1,162,466		5.8939 GBP
10p ordinary		Sale		740,785		5.7926 GBP
10p ordinary		Sale		252,644		5.8893 GBP
10p ordinary		Sale		191,028		5.9338 GBP
10p ordinary		Sale		172,716		5.9270 GBP
10p ordinary		Sale		145,979		5.9639 GBP
10p ordinary		Sale		129,632		5.7995 GBP
10p ordinary		Sale		128,601		5.8966 GBP
10p ordinary		Sale		119,018		5.8945 GBP
10p ordinary		Sale		115,675		5.9472 GBP
10p ordinary		Sale		100,991		5.9099 GBP
10p ordinary		Sale		90,736		5.9045 GBP
10p ordinary		Sale		84,655		5.8982 GBP
10p ordinary		Sale		83,341		5.9022 GBP
10p ordinary		Sale		82,450		5.9219 GBP
10p ordinary		Sale		79,230		5.9292 GBP
10p ordinary		Sale		77,008		5.9233 GBP
10p ordinary		Sale		68,696		5.8099 GBP
10p ordinary		Sale		58,508		5.8673 GBP
10p ordinary		Sale		58,058		5.9315 GBP
10p ordinary		Sale		53,438		5.9393 GBP
10p ordinary		Sale		49,579		5.9107 GBP
10p ordinary		Sale		49,500		5.8923 GBP
10p ordinary		Sale		34,018		5.8078 GBP
10p ordinary		Sale		31,500		5.8739 GBP
10p ordinary		Sale		25,665		5.9391 GBP
10p ordinary		Sale		20,844		5.7987 GBP
10p ordinary		Sale		19,946		5.8010 GBP
10p ordinary		Sale		17,808		5.9014 GBP
10p ordinary		Sale		17,612		5.8005 GBP
10p ordinary		Sale		17,314		5.9357 GBP
10p ordinary		Sale		14,987		5.8973 GBP
10p ordinary		Sale		12,518		5.8200 GBP
10p ordinary		Sale		11,830		5.9280 GBP
10p ordinary		Sale		9,629		5.9550 GBP
10p ordinary		Sale		8,320		5.8150 GBP
10p ordinary		Sale		8,235		5.9600 GBP
10p ordinary		Sale		8,142		5.8964 GBP
10p ordinary		Sale		7,069		5.8001 GBP
10p ordinary		Sale		6,998		5.8782 GBP
10p ordinary		Sale		6,271		5.9595 GBP
10p ordinary		Sale		6,148		5.9250 GBP
10p ordinary		Sale		6,076		5.8350 GBP
10p ordinary		Sale		5,750		5.9200 GBP
10p ordinary		Sale		5,628		5.9500 GBP
10p ordinary		Sale		5,116		5.9400 GBP
10p ordinary		Sale		5,049		5.7984 GBP
10p ordinary		Sale		4,498		5.8100 GBP
10p ordinary		Sale		4,491		5.8011 GBP
10p ordinary		Sale		3,913		5.9150 GBP
10p ordinary		Sale		3,768		5.9650 GBP
10p ordinary		Sale		3,766		5.8232 GBP
10p ordinary		Sale		3,737		5.7900 GBP
10p ordinary		Sale		3,494		5.8300 GBP
10p ordinary		Sale		3,301		5.9350 GBP
10p ordinary		Sale		3,259		6.0000 GBP
10p ordinary		Sale		3,099		5.8000 GBP
10p ordinary		Sale		2,988		5.9750 GBP
10p ordinary		Sale		2,944		5.8850 GBP
10p ordinary		Sale		2,941		5.7850 GBP
10p ordinary		Sale		2,888		5.9110 GBP
10p ordinary		Sale		2,868		5.8996 GBP
10p ordinary		Sale		2,853		5.8750 GBP
10p ordinary		Sale		2,687		5.9422 GBP
10p ordinary		Sale		2,630		5.7950 GBP
10p ordinary		Sale		2,582		5.9100 GBP
10p ordinary		Sale		2,513		5.9618 GBP
10p ordinary		Sale		2,499		5.8050 GBP
10p ordinary		Sale		2,411		5.8450 GBP
10p ordinary		Sale		2,397		5.9450 GBP
10p ordinary		Sale		2,333		5.8938 GBP
10p ordinary		Sale		2,283		5.8725 GBP
10p ordinary		Sale		2,184		5.8175 GBP
10p ordinary		Sale		1,876		5.9700 GBP
10p ordinary		Sale		1,773		5.9850 GBP
10p ordinary		Sale		1,766		5.9525 GBP
10p ordinary		Sale		1,641		5.9739 GBP
10p ordinary		Sale		1,416		5.9050 GBP
10p ordinary		Sale		1,409		5.9675 GBP
10p ordinary		Sale		1,399		5.8800 GBP
10p ordinary		Sale		1,367		5.8379 GBP
10p ordinary		Sale		1,300		5.8625 GBP
10p ordinary		Sale		1,266		5.7957 GBP
10p ordinary		Sale		1,222		5.8686 GBP
10p ordinary		Sale		1,222		5.9714 GBP
10p ordinary		Sale		1,201		5.9000 GBP
10p ordinary		Sale		1,192		5.9800 GBP
10p ordinary		Sale		1,183		5.9300 GBP
10p ordinary		Sale		1,123		5.8619 GBP
10p ordinary		Sale		1,000		5.9975 GBP
10p ordinary		Sale		981		5.8225 GBP
10p ordinary		Sale		931		5.8650 GBP
10p ordinary		Sale		861		5.9625 GBP
10p ordinary		Sale		800		6.0100 GBP
10p ordinary		Sale		737		5.9950 GBP
10p ordinary		Sale		715		5.7600 GBP
10p ordinary		Sale		648		5.9275 GBP
10p ordinary		Sale		639		6.0050 GBP
10p ordinary		Sale		622		5.9425 GBP
10p ordinary		Sale		612		5.8958 GBP
10p ordinary		Sale		597		5.8105 GBP
10p ordinary		Sale		579		5.9375 GBP
10p ordinary		Sale		560		5.9575 GBP
10p ordinary		Sale		557		5.9125 GBP
10p ordinary		Sale		553		5.9875 GBP
10p ordinary		Sale		538		5.9225 GBP
10p ordinary		Sale		348		5.8900 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		210,248	5.8250 GBP
10p ordinary		SWAP		Decreasing Short		1,123	5.8619 GBP
10p ordinary		SWAP		Decreasing Short		567	5.8650 GBP
10p ordinary		SWAP		Decreasing Short		576	5.8725 GBP
10p ordinary		SWAP		Decreasing Short		31,500	5.8740 GBP
10p ordinary		SWAP		Decreasing Short		117	5.8800 GBP
10p ordinary		SWAP		Decreasing Short		2,333	5.8939 GBP
10p ordinary		SWAP		Decreasing Short		239,644	5.8979 GBP
10p ordinary		SWAP		Decreasing Short		120,105	5.8990 GBP
10p ordinary		SWAP		Decreasing Short		17,314	5.9357 GBP
10p ordinary		SWAP		Decreasing Short		54,574	5.9464 GBP
10p ordinary		SWAP		Decreasing Short		497	5.9477 GBP
10p ordinary		SWAP		Decreasing Short		9,761	5.9547 GBP
10p ordinary		SWAP		Decreasing Short		145,979	5.9639 GBP
10p ordinary		SWAP		Decreasing Short		8,637	5.9646 GBP
10p ordinary		SWAP		Decreasing Short		50,000	5.9685 GBP
10p ordinary		SWAP		Decreasing Short		25,560	5.9872 USD
10p ordinary		SWAP		Decreasing Short		225,568	5.9989 USD
10p ordinary		SWAP		Increasing Short		388,568	5.7828 GBP
10p ordinary		SWAP		Increasing Short		5,000	5.8018 GBP
10p ordinary		SWAP		Increasing Short		80,296	5.8122 GBP
10p ordinary		SWAP		Increasing Short		1,179,520	5.8247 GBP
10p ordinary		SWAP		Increasing Short		10,774,332	5.8250 GBP
10p ordinary		SWAP		Increasing Short		1,103,493	5.8251 GBP
10p ordinary		SWAP		Increasing Short		70,662	5.8259 USD
10p ordinary		SWAP		Increasing Short		500,000	5.8264 GBP
10p ordinary		SWAP		Increasing Short		170,000	5.8265 GBP
10p ordinary		SWAP		Increasing Short		200,000	5.8267 GBP
10p ordinary		SWAP		Increasing Short		2,517,379	5.8293 GBP
10p ordinary		SWAP		Increasing Short		111,700	5.8314 GBP
10p ordinary		SWAP		Increasing Short		114,574	5.8328 GBP
10p ordinary		SWAP		Increasing Short		2,088,625	5.8456 GBP
10p ordinary		SWAP		Increasing Short		200,000	5.8528 USD
10p ordinary		SWAP		Increasing Short		535,750	5.8645 GBP
10p ordinary		SWAP		Increasing Short		139,541	5.8743 GBP
10p ordinary		SWAP		Increasing Short		20,148	5.8785 GBP
10p ordinary		SWAP		Increasing Short		500,000	5.8868 USD
10p ordinary		SWAP		Increasing Short		124,944	5.8881 GBP
10p ordinary		SWAP		Increasing Short		2,214	5.8887 GBP
10p ordinary		SWAP		Increasing Short		777,299	5.8918 USD
10p ordinary		SWAP		Increasing Short		256,475	5.8929 GBP
10p ordinary		SWAP		Increasing Short		500,000	5.9076 USD
10p ordinary		SWAP		Increasing Short		2,313	5.9142 GBP
10p ordinary		SWAP		Increasing Short		9,761	5.9215 GBP
10p ordinary		SWAP		Increasing Short		500,000	5.9259 USD
10p ordinary		SWAP		Increasing Short		65,845	5.9275 GBP
10p ordinary		SWAP		Increasing Short		50,000	5.9290 GBP
10p ordinary		SWAP		Increasing Short		500,000	5.9314 USD
10p ordinary		SWAP		Increasing Short		225,568	5.9919 USD
10p ordinary		SWAP		Increasing Short		225,568	5.9989 USD
10p ordinary		SWAP		Increasing Short		114,738	6.0299 USD
10p ordinary		CFD		Decreasing Short		398	5.8250 GBP
10p ordinary		CFD		Decreasing Short		3,541	5.9465 GBP
10p ordinary		CFD		Increasing Short		107,820	5.8044 GBP
10p ordinary		CFD		Increasing Short		15,481,134	5.8250 GBP
10p ordinary		CFD		Increasing Short		11,600,000	5.8251 GBP
10p ordinary		CFD		Increasing Short		12,000,000	5.8252 GBP
10p ordinary		CFD		Increasing Short		32,431	5.8273 GBP
10p ordinary		CFD		Increasing Short		6,282	5.8786 GBP
10p ordinary		CFD		Increasing Short		112,249	5.9503 GBP
10p ordinary		CFD		Increasing Short		157,939	5.9544 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:				03 Feb 2025
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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