Form 8.3 - DS SMITH PLC

Merkur Bank KGaA

€13.30

12:15 20/12/24

-1.48%

-€0.20

RNS Number : 9906Q

Barclays PLC

20 December 2024

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:				19 Dec 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:			32,359,899	2.34%	16,427,151	1.19%
(2)	Cash-settled derivatives:
	and/or controlled:			12,605,686	0.91%	31,165,460	2.26%
(3)	Stock-settled derivatives (including options)
	and agreements to purchase/sell:			0	0.00%	0	0.00%

	TOTAL:			44,965,585	3.26%	47,592,611	3.45%
(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		455,556		5.3700 GBP
10p ordinary		Purchase		212,808		5.3701 GBP
10p ordinary		Purchase		66,237		5.3148 GBP
10p ordinary		Purchase		40,099		5.3128 GBP
10p ordinary		Purchase		18,538		5.3326 GBP
10p ordinary		Purchase		17,812		5.3206 GBP
10p ordinary		Purchase		13,649		5.3285 GBP
10p ordinary		Purchase		10,718		5.3675 GBP
10p ordinary		Purchase		10,253		5.3136 GBP
10p ordinary		Purchase		9,044		5.3189 GBP
10p ordinary		Purchase		8,426		5.3243 GBP
10p ordinary		Purchase		7,425		5.3195 GBP
10p ordinary		Purchase		7,133		5.3205 GBP
10p ordinary		Purchase		6,088		5.3708 GBP
10p ordinary		Purchase		5,677		5.3098 GBP
10p ordinary		Purchase		5,624		5.3151 GBP
10p ordinary		Purchase		4,642		5.3156 GBP
10p ordinary		Purchase		4,465		5.3144 GBP
10p ordinary		Purchase		3,734		5.3172 GBP
10p ordinary		Purchase		3,657		5.3121 GBP
10p ordinary		Purchase		2,984		5.3109 GBP
10p ordinary		Purchase		2,282		5.3254 GBP
10p ordinary		Purchase		2,159		5.2997 GBP
10p ordinary		Purchase		2,121		5.3249 GBP
10p ordinary		Purchase		1,701		5.3100 GBP
10p ordinary		Purchase		1,417		5.3625 GBP
10p ordinary		Purchase		1,201		5.3125 GBP
10p ordinary		Purchase		1,157		5.3250 GBP
10p ordinary		Purchase		769		5.3550 GBP
10p ordinary		Purchase		549		5.3552 GBP
10p ordinary		Purchase		476		5.3200 GBP
10p ordinary		Purchase		261		5.3000 GBP
10p ordinary		Sale		592,055		5.3698 GBP
10p ordinary		Sale		212,808		5.3701 GBP
10p ordinary		Sale		66,034		5.3700 GBP
10p ordinary		Sale		27,741		5.3436 GBP
10p ordinary		Sale		21,882		5.3617 GBP
10p ordinary		Sale		19,851		5.3689 GBP
10p ordinary		Sale		14,633		5.3210 GBP
10p ordinary		Sale		12,794		5.3395 GBP
10p ordinary		Sale		9,758		5.3217 GBP
10p ordinary		Sale		3,575		5.3051 GBP
10p ordinary		Sale		3,565		5.3000 GBP
10p ordinary		Sale		3,343		5.3324 GBP
10p ordinary		Sale		2,435		5.3199 GBP
10p ordinary		Sale		2,382		5.3369 GBP
10p ordinary		Sale		2,278		5.3383 GBP
10p ordinary		Sale		2,204		5.3421 GBP
10p ordinary		Sale		1,885		5.3593 GBP
10p ordinary		Sale		1,805		5.3401 GBP
10p ordinary		Sale		1,728		5.3184 GBP
10p ordinary		Sale		1,567		5.3608 GBP
10p ordinary		Sale		1,107		5.3600 GBP
10p ordinary		Sale		1,012		5.3100 GBP
10p ordinary		Sale		660		5.2925 GBP
10p ordinary		Sale		571		5.3250 GBP
10p ordinary		Sale		538		5.3550 GBP
10p ordinary		Sale		430		5.3625 GBP
10p ordinary		Sale		422		5.3274 GBP
10p ordinary		Sale		390		5.2800 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		752,701	5.4400 GBP
10p ordinary		SWAP		Increasing Short		63,300	5.3221 GBP
10p ordinary		SWAP		Increasing Short		752,701	5.4400 GBP
10p ordinary		SWAP		Decreasing Short		3,575	5.3051 GBP
10p ordinary		SWAP		Decreasing Short		14,633	5.3210 GBP
10p ordinary		SWAP		Decreasing Short		12,128	5.3225 GBP
10p ordinary		SWAP		Decreasing Short		27,741	5.3436 GBP
10p ordinary		SWAP		Decreasing Short		7,043	5.3492 GBP
10p ordinary		SWAP		Decreasing Short		19,851	5.3689 GBP
10p ordinary		SWAP		Decreasing Short		165,038	5.3700 GBP
10p ordinary		SWAP		Increasing Short		40,099	5.3128 GBP
10p ordinary		SWAP		Increasing Short		10,253	5.3136 GBP
10p ordinary		SWAP		Increasing Short		4,642	5.3156 GBP
10p ordinary		SWAP		Increasing Short		3,734	5.3172 GBP
10p ordinary		SWAP		Increasing Short		1,179	5.3250 GBP
10p ordinary		SWAP		Increasing Short		200	5.3300 GBP
10p ordinary		SWAP		Increasing Short		4,230	5.3682 GBP
10p ordinary		SWAP		Increasing Short		4,897	5.3700 GBP
10p ordinary		SWAP		Increasing Short		165	5.3800 GBP
10p ordinary		SWAP		Increasing Short		20,000	5.4859 USD
10p ordinary		CFD		Increasing Short		28,796	5.3082 GBP
10p ordinary		CFD		Increasing Short		20,000	5.3104 GBP
10p ordinary		CFD		Increasing Short		1,943	5.3367 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:				20 Dec 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213

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