Form 8.3 - DS Smith plc

LONDON--(BUSINESS WIRE)-- 

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:	Qube Research & Technologies Limited
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	DS Smith plc
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure	30-05-2024
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”	Yes - International Paper Company

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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 share
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0	0	0
(2) Cash-settled derivatives:	15,944,571	1.16	0	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	15,944,571	1.16	0	0

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee options)

Class of relevant security in relation to which subscription right exists:	0
Details, including nature of the rights concerned and relevant percentages:	0

3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. call option	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of securities	Exercise price per unit
10p ordinary share	Equity swap	increasing a long position	4	365.00
10p ordinary share	Equity swap	increasing a long position	5	365.00
10p ordinary share	Equity swap	increasing a long position	6	365.00
10p ordinary share	Equity swap	increasing a long position	8	365.00
10p ordinary share	Equity swap	increasing a long position	11	365.00
10p ordinary share	Equity swap	increasing a long position	13	365.00
10p ordinary share	Equity swap	increasing a long position	15	365.00
10p ordinary share	Equity swap	increasing a long position	17	365.00
10p ordinary share	Equity swap	increasing a long position	17	365.00
10p ordinary share	Equity swap	increasing a long position	17	365.00
10p ordinary share	Equity swap	increasing a long position	18	365.00
10p ordinary share	Equity swap	increasing a long position	18	365.00
10p ordinary share	Equity swap	increasing a long position	18	371.80
10p ordinary share	Equity swap	increasing a long position	19	365.00
10p ordinary share	Equity swap	increasing a long position	21	370.20
10p ordinary share	Equity swap	increasing a long position	25	365.00
10p ordinary share	Equity swap	increasing a long position	25	365.00
10p ordinary share	Equity swap	increasing a long position	35	371.20
10p ordinary share	Equity swap	increasing a long position	38	365.00
10p ordinary share	Equity swap	increasing a long position	67	365.00
10p ordinary share	Equity swap	increasing a long position	116	371.60
10p ordinary share	Equity swap	increasing a long position	126	365.00
10p ordinary share	Equity swap	increasing a long position	200	365.00
10p ordinary share	Equity swap	increasing a long position	237	372.60
10p ordinary share	Equity swap	increasing a long position	244	371.80
10p ordinary share	Equity swap	increasing a long position	244	371.80
10p ordinary share	Equity swap	increasing a long position	295	365.00
10p ordinary share	Equity swap	increasing a long position	297	372.20
10p ordinary share	Equity swap	increasing a long position	298	368.80
10p ordinary share	Equity swap	increasing a long position	310	370.80
10p ordinary share	Equity swap	increasing a long position	332	371.20
10p ordinary share	Equity swap	increasing a long position	377	371.20
10p ordinary share	Equity swap	increasing a long position	417	371.80
10p ordinary share	Equity swap	increasing a long position	503	372.20
10p ordinary share	Equity swap	increasing a long position	512	374.60
10p ordinary share	Equity swap	increasing a long position	512	374.60
10p ordinary share	Equity swap	increasing a long position	512	374.60
10p ordinary share	Equity swap	increasing a long position	512	374.60
10p ordinary share	Equity swap	increasing a long position	512	374.60
10p ordinary share	Equity swap	increasing a long position	512	374.60
10p ordinary share	Equity swap	increasing a long position	518	371.40
10p ordinary share	Equity swap	increasing a long position	553	370.80
10p ordinary share	Equity swap	increasing a long position	557	371.40
10p ordinary share	Equity swap	increasing a long position	579	369.60
10p ordinary share	Equity swap	increasing a long position	601	371.60
10p ordinary share	Equity swap	increasing a long position	700	370.80
10p ordinary share	Equity swap	increasing a long position	714	370.20
10p ordinary share	Equity swap	increasing a long position	742	370.20
10p ordinary share	Equity swap	increasing a long position	763	371.40
10p ordinary share	Equity swap	increasing a long position	792	370.60
10p ordinary share	Equity swap	increasing a long position	827	374.60
10p ordinary share	Equity swap	increasing a long position	854	371.60
10p ordinary share	Equity swap	increasing a long position	874	374.60
10p ordinary share	Equity swap	increasing a long position	913	371.80
10p ordinary share	Equity swap	increasing a long position	950	370.20
10p ordinary share	Equity swap	increasing a long position	1016	370.40
10p ordinary share	Equity swap	increasing a long position	1090	374.60
10p ordinary share	Equity swap	increasing a long position	1161	370.80
10p ordinary share	Equity swap	increasing a long position	1175	371.60
10p ordinary share	Equity swap	increasing a long position	1182	369.60
10p ordinary share	Equity swap	increasing a long position	1212	371.20
10p ordinary share	Equity swap	increasing a long position	1254	370.60
10p ordinary share	Equity swap	increasing a long position	1310	374.60
10p ordinary share	Equity swap	increasing a long position	1310	374.60
10p ordinary share	Equity swap	increasing a long position	1310	374.60
10p ordinary share	Equity swap	increasing a long position	1323	374.60
10p ordinary share	Equity swap	increasing a long position	1351	374.60
10p ordinary share	Equity swap	increasing a long position	1351	374.60
10p ordinary share	Equity swap	increasing a long position	1351	374.60
10p ordinary share	Equity swap	increasing a long position	1356	370.40
10p ordinary share	Equity swap	increasing a long position	1378	374.60
10p ordinary share	Equity swap	increasing a long position	1378	374.60
10p ordinary share	Equity swap	increasing a long position	1384	370.60
10p ordinary share	Equity swap	increasing a long position	1405	374.60
10p ordinary share	Equity swap	increasing a long position	1433	374.60
10p ordinary share	Equity swap	increasing a long position	1446	374.60
10p ordinary share	Equity swap	increasing a long position	1627	371.80
10p ordinary share	Equity swap	increasing a long position	2021	374.60
10p ordinary share	Equity swap	increasing a long position	2647	374.60
10p ordinary share	Equity swap	increasing a long position	5238	374.60
10p ordinary share	Equity swap	increasing a long position	6014	371.00
10p ordinary share	Equity swap	increasing a long position	6339	374.60
10p ordinary share	Equity swap	increasing a long position	11027	374.60
10p ordinary share	Equity swap	increasing a long position	11247	374.60
10p ordinary share	Equity swap	increasing a long position	11357	374.60
10p ordinary share	Equity swap	increasing a long position	15218	374.60
10p ordinary share	Equity swap	increasing a long position	18145	374.60
10p ordinary share	Equity swap	decreasing a long position	14	372.40
10p ordinary share	Equity swap	decreasing a long position	18	371.80
10p ordinary share	Equity swap	decreasing a long position	24	371.00
10p ordinary share	Equity swap	decreasing a long position	30	372.00
10p ordinary share	Equity swap	decreasing a long position	31	365.00
10p ordinary share	Equity swap	decreasing a long position	33	370.80
10p ordinary share	Equity swap	decreasing a long position	35	371.20
10p ordinary share	Equity swap	decreasing a long position	78	372.40
10p ordinary share	Equity swap	decreasing a long position	78	372.60
10p ordinary share	Equity swap	decreasing a long position	79	371.60
10p ordinary share	Equity swap	decreasing a long position	85	372.40
10p ordinary share	Equity swap	decreasing a long position	86	371.00
10p ordinary share	Equity swap	decreasing a long position	100	371.20
10p ordinary share	Equity swap	decreasing a long position	100	371.20
10p ordinary share	Equity swap	decreasing a long position	100	371.20
10p ordinary share	Equity swap	decreasing a long position	100	371.20
10p ordinary share	Equity swap	decreasing a long position	100	371.20
10p ordinary share	Equity swap	decreasing a long position	100	371.20
10p ordinary share	Equity swap	decreasing a long position	100	371.40
10p ordinary share	Equity swap	decreasing a long position	100	371.40
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.60
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	371.80
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.00
10p ordinary share	Equity swap	decreasing a long position	100	372.40
10p ordinary share	Equity swap	decreasing a long position	100	372.60
10p ordinary share	Equity swap	decreasing a long position	100	372.80
10p ordinary share	Equity swap	decreasing a long position	130	370.60
10p ordinary share	Equity swap	decreasing a long position	136	371.40
10p ordinary share	Equity swap	decreasing a long position	166	371.20
10p ordinary share	Equity swap	decreasing a long position	177	365.00
10p ordinary share	Equity swap	decreasing a long position	225	365.00
10p ordinary share	Equity swap	decreasing a long position	233	370.40
10p ordinary share	Equity swap	decreasing a long position	238	370.60
10p ordinary share	Equity swap	decreasing a long position	240	370.40
10p ordinary share	Equity swap	decreasing a long position	245	372.40
10p ordinary share	Equity swap	decreasing a long position	256	365.00
10p ordinary share	Equity swap	decreasing a long position	263	370.80
10p ordinary share	Equity swap	decreasing a long position	264	372.00
10p ordinary share	Equity swap	decreasing a long position	264	372.20
10p ordinary share	Equity swap	decreasing a long position	268	369.80
10p ordinary share	Equity swap	decreasing a long position	283	372.00
10p ordinary share	Equity swap	decreasing a long position	299	371.60
10p ordinary share	Equity swap	decreasing a long position	301	371.80
10p ordinary share	Equity swap	decreasing a long position	333	370.40
10p ordinary share	Equity swap	decreasing a long position	333	370.40
10p ordinary share	Equity swap	decreasing a long position	333	370.40
10p ordinary share	Equity swap	decreasing a long position	333	370.40
10p ordinary share	Equity swap	decreasing a long position	333	370.80
10p ordinary share	Equity swap	decreasing a long position	333	371.00
10p ordinary share	Equity swap	decreasing a long position	333	371.20
10p ordinary share	Equity swap	decreasing a long position	354	370.80
10p ordinary share	Equity swap	decreasing a long position	354	370.40
10p ordinary share	Equity swap	decreasing a long position	356	371.40
10p ordinary share	Equity swap	decreasing a long position	366	370.80
10p ordinary share	Equity swap	decreasing a long position	377	371.20
10p ordinary share	Equity swap	decreasing a long position	392	370.20
10p ordinary share	Equity swap	decreasing a long position	406	369.20
10p ordinary share	Equity swap	decreasing a long position	407	371.00
10p ordinary share	Equity swap	decreasing a long position	417	370.60
10p ordinary share	Equity swap	decreasing a long position	443	370.40
10p ordinary share	Equity swap	decreasing a long position	453	371.00
10p ordinary share	Equity swap	decreasing a long position	484	369.00
10p ordinary share	Equity swap	decreasing a long position	489	371.00
10p ordinary share	Equity swap	decreasing a long position	499	371.20
10p ordinary share	Equity swap	decreasing a long position	500	370.40
10p ordinary share	Equity swap	decreasing a long position	501	371.20
10p ordinary share	Equity swap	decreasing a long position	510	370.60
10p ordinary share	Equity swap	decreasing a long position	533	370.40
10p ordinary share	Equity swap	decreasing a long position	544	372.40
10p ordinary share	Equity swap	decreasing a long position	548	370.80
10p ordinary share	Equity swap	decreasing a long position	564	370.60
10p ordinary share	Equity swap	decreasing a long position	573	370.80
10p ordinary share	Equity swap	decreasing a long position	590	370.20
10p ordinary share	Equity swap	decreasing a long position	600	372.40
10p ordinary share	Equity swap	decreasing a long position	600	372.60
10p ordinary share	Equity swap	decreasing a long position	603	371.00
10p ordinary share	Equity swap	decreasing a long position	604	370.60
10p ordinary share	Equity swap	decreasing a long position	610	371.20
10p ordinary share	Equity swap	decreasing a long position	615	371.60
10p ordinary share	Equity swap	decreasing a long position	629	372.40
10p ordinary share	Equity swap	decreasing a long position	674	371.80
10p ordinary share	Equity swap	decreasing a long position	694	370.80
10p ordinary share	Equity swap	decreasing a long position	694	370.80
10p ordinary share	Equity swap	decreasing a long position	710	370.00
10p ordinary share	Equity swap	decreasing a long position	724	372.60
10p ordinary share	Equity swap	decreasing a long position	741	371.00
10p ordinary share	Equity swap	decreasing a long position	764	371.60
10p ordinary share	Equity swap	decreasing a long position	770	368.60
10p ordinary share	Equity swap	decreasing a long position	800	370.60
10p ordinary share	Equity swap	decreasing a long position	808	370.00
10p ordinary share	Equity swap	decreasing a long position	840	371.80
10p ordinary share	Equity swap	decreasing a long position	844	371.40
10p ordinary share	Equity swap	decreasing a long position	867	370.80
10p ordinary share	Equity swap	decreasing a long position	869	370.80
10p ordinary share	Equity swap	decreasing a long position	899	370.20
10p ordinary share	Equity swap	decreasing a long position	901	371.00
10p ordinary share	Equity swap	decreasing a long position	901	370.00
10p ordinary share	Equity swap	decreasing a long position	923	371.20
10p ordinary share	Equity swap	decreasing a long position	946	370.40
10p ordinary share	Equity swap	decreasing a long position	947	370.60
10p ordinary share	Equity swap	decreasing a long position	971	371.40
10p ordinary share	Equity swap	decreasing a long position	988	370.40
10p ordinary share	Equity swap	decreasing a long position	996	371.00
10p ordinary share	Equity swap	decreasing a long position	999	370.60
10p ordinary share	Equity swap	decreasing a long position	1000	370.80
10p ordinary share	Equity swap	decreasing a long position	1000	371.20
10p ordinary share	Equity swap	decreasing a long position	1000	370.60
10p ordinary share	Equity swap	decreasing a long position	1024	370.80
10p ordinary share	Equity swap	decreasing a long position	1028	370.40
10p ordinary share	Equity swap	decreasing a long position	1035	371.20
10p ordinary share	Equity swap	decreasing a long position	1050	372.40
10p ordinary share	Equity swap	decreasing a long position	1062	370.00
10p ordinary share	Equity swap	decreasing a long position	1071	370.80
10p ordinary share	Equity swap	decreasing a long position	1072	370.80
10p ordinary share	Equity swap	decreasing a long position	1077	370.80
10p ordinary share	Equity swap	decreasing a long position	1081	370.40
10p ordinary share	Equity swap	decreasing a long position	1082	370.80
10p ordinary share	Equity swap	decreasing a long position	1085	371.00
10p ordinary share	Equity swap	decreasing a long position	1090	374.60
10p ordinary share	Equity swap	decreasing a long position	1100	371.00
10p ordinary share	Equity swap	decreasing a long position	1100	371.20
10p ordinary share	Equity swap	decreasing a long position	1100	372.40
10p ordinary share	Equity swap	decreasing a long position	1118	371.00
10p ordinary share	Equity swap	decreasing a long position	1128	370.80
10p ordinary share	Equity swap	decreasing a long position	1131	370.60
10p ordinary share	Equity swap	decreasing a long position	1132	371.00
10p ordinary share	Equity swap	decreasing a long position	1132	371.40
10p ordinary share	Equity swap	decreasing a long position	1132	371.80
10p ordinary share	Equity swap	decreasing a long position	1151	371.00
10p ordinary share	Equity swap	decreasing a long position	1162	372.20
10p ordinary share	Equity swap	decreasing a long position	1175	371.20
10p ordinary share	Equity swap	decreasing a long position	1175	371.40
10p ordinary share	Equity swap	decreasing a long position	1175	371.60
10p ordinary share	Equity swap	decreasing a long position	1175	371.80
10p ordinary share	Equity swap	decreasing a long position	1175	371.20
10p ordinary share	Equity swap	decreasing a long position	1175	371.00
10p ordinary share	Equity swap	decreasing a long position	1188	371.20
10p ordinary share	Equity swap	decreasing a long position	1199	372.40
10p ordinary share	Equity swap	decreasing a long position	1200	370.80
10p ordinary share	Equity swap	decreasing a long position	1254	370.60
10p ordinary share	Equity swap	decreasing a long position	1280	370.60
10p ordinary share	Equity swap	decreasing a long position	1305	369.00
10p ordinary share	Equity swap	decreasing a long position	1328	370.80
10p ordinary share	Equity swap	decreasing a long position	1338	371.00
10p ordinary share	Equity swap	decreasing a long position	1342	372.20
10p ordinary share	Equity swap	decreasing a long position	1343	374.60
10p ordinary share	Equity swap	decreasing a long position	1439	370.20
10p ordinary share	Equity swap	decreasing a long position	1449	371.00
10p ordinary share	Equity swap	decreasing a long position	1508	371.00
10p ordinary share	Equity swap	decreasing a long position	1538	371.00
10p ordinary share	Equity swap	decreasing a long position	1567	370.80
10p ordinary share	Equity swap	decreasing a long position	1567	370.80
10p ordinary share	Equity swap	decreasing a long position	1567	370.60
10p ordinary share	Equity swap	decreasing a long position	1698	370.60
10p ordinary share	Equity swap	decreasing a long position	1709	374.60
10p ordinary share	Equity swap	decreasing a long position	2089	371.00
10p ordinary share	Equity swap	decreasing a long position	2104	374.60
10p ordinary share	Equity swap	decreasing a long position	2148	371.00
10p ordinary share	Equity swap	decreasing a long position	2302	374.60
10p ordinary share	Equity swap	decreasing a long position	2491	371.00
10p ordinary share	Equity swap	decreasing a long position	2547	371.00
10p ordinary share	Equity swap	decreasing a long position	2811	374.60
10p ordinary share	Equity swap	decreasing a long position	2989	374.60
10p ordinary share	Equity swap	decreasing a long position	3046	371.00
10p ordinary share	Equity swap	decreasing a long position	3207	374.60
10p ordinary share	Equity swap	decreasing a long position	3207	374.60
10p ordinary share	Equity swap	decreasing a long position	3500	374.60
10p ordinary share	Equity swap	decreasing a long position	3600	371.00
10p ordinary share	Equity swap	decreasing a long position	3716	370.80
10p ordinary share	Equity swap	decreasing a long position	4469	374.60
10p ordinary share	Equity swap	decreasing a long position	4477	366.40
10p ordinary share	Equity swap	decreasing a long position	6339	374.60
10p ordinary share	Equity swap	decreasing a long position	7779	374.60
10p ordinary share	Equity swap	decreasing a long position	8324	374.60
10p ordinary share	Equity swap	decreasing a long position	8509	374.60
10p ordinary share	Equity swap	decreasing a long position	8637	374.60
10p ordinary share	Equity swap	decreasing a long position	8881	374.60
10p ordinary share	Equity swap	decreasing a long position	9926	374.60
10p ordinary share	Equity swap	decreasing a long position	10119	374.60
10p ordinary share	Equity swap	decreasing a long position	10450	374.60
10p ordinary share	Equity swap	decreasing a long position	10612	374.60
10p ordinary share	Equity swap	decreasing a long position	10673	374.60
10p ordinary share	Equity swap	decreasing a long position	14374	374.60
10p ordinary share	Equity swap	decreasing a long position	15218	374.60
10p ordinary share	Equity swap	decreasing a long position	16216	374.60
10p ordinary share	Equity swap	decreasing a long position	18627	374.60
10p ordinary share	Equity swap	decreasing a long position	23342	374.60
10p ordinary share	Equity swap	decreasing a long position	27177	374.60
10p ordinary share	Equity swap	decreasing a long position	27585	374.60
10p ordinary share	Equity swap	decreasing a long position	27589	374.60
10p ordinary share	Equity swap	decreasing a long position	37230	374.60

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type e.g. American, European etc.

Expiry date

Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
0	0	0	0	0

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)
0	0	0	0

4. OTHER INFORMATION

(a) Indemnity and other dealing 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 person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	31-05-2024
Contact name:	Stuart Brown
Telephone number:	00442070722969

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on [phone]. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Category Code: RET

Sequence Number: 1230680

Time of Receipt (offset from UTC): 20240531T124749+0100