Form 8.3 Smith (DS) PLC

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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