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	17-06-2024
(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:	15,016,927	1.09	0	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	15,016,927	1.09	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 (GBp)
10p ordinary share	Equity swap	increasing a long position	1	354.60
10p ordinary share	Equity swap	increasing a long position	3	355.00
10p ordinary share	Equity swap	increasing a long position	172	354.40
10p ordinary share	Equity swap	increasing a long position	206	350.60
10p ordinary share	Equity swap	increasing a long position	234	352.80
10p ordinary share	Equity swap	increasing a long position	364	352.40
10p ordinary share	Equity swap	increasing a long position	397	345.20
10p ordinary share	Equity swap	increasing a long position	708	351.00
10p ordinary share	Equity swap	increasing a long position	794	354.00
10p ordinary share	Equity swap	increasing a long position	936	356.20
10p ordinary share	Equity swap	increasing a long position	1000	355.40
10p ordinary share	Equity swap	increasing a long position	1204	350.40
10p ordinary share	Equity swap	increasing a long position	1288	347.00
10p ordinary share	Equity swap	increasing a long position	1336	346.80
10p ordinary share	Equity swap	increasing a long position	1804	346.50
10p ordinary share	Equity swap	increasing a long position	1851	345.80
10p ordinary share	Equity swap	increasing a long position	2443	352.60
10p ordinary share	Equity swap	increasing a long position	2850	346.30
10p ordinary share	Equity swap	increasing a long position	3889	346.60
10p ordinary share	Equity swap	increasing a long position	3967	345.60
10p ordinary share	Equity swap	increasing a long position	4292	356.40
10p ordinary share	Equity swap	increasing a long position	5197	346.00
10p ordinary share	Equity swap	increasing a long position	5247	345.40
10p ordinary share	Equity swap	increasing a long position	6437	346.20
10p ordinary share	Equity swap	increasing a long position	9806	350.00
10p ordinary share	Equity swap	increasing a long position	14503	345.00
10p ordinary share	Equity swap	increasing a long position	21005	346.40
10p ordinary share	Equity swap	increasing a long position	179236	347.20
10p ordinary share	Equity swap	decreasing a long position	192	349.00
10p ordinary share	Equity swap	decreasing a long position	490	354.80
10p ordinary share	Equity swap	decreasing a long position	900	351.60
10p ordinary share	Equity swap	decreasing a long position	913	353.60
10p ordinary share	Equity swap	decreasing a long position	922	352.00
10p ordinary share	Equity swap	decreasing a long position	941	357.00
10p ordinary share	Equity swap	decreasing a long position	976	356.40
10p ordinary share	Equity swap	decreasing a long position	1018	348.40
10p ordinary share	Equity swap	decreasing a long position	1033	356.00
10p ordinary share	Equity swap	decreasing a long position	1049	350.00
10p ordinary share	Equity swap	decreasing a long position	1188	355.00
10p ordinary share	Equity swap	decreasing a long position	1192	353.00
10p ordinary share	Equity swap	decreasing a long position	1207	345.60
10p ordinary share	Equity swap	decreasing a long position	1246	356.80
10p ordinary share	Equity swap	decreasing a long position	1260	349.80
10p ordinary share	Equity swap	decreasing a long position	1356	354.20
10p ordinary share	Equity swap	decreasing a long position	1481	346.00
10p ordinary share	Equity swap	decreasing a long position	1530	352.20
10p ordinary share	Equity swap	decreasing a long position	1633	349.60
10p ordinary share	Equity swap	decreasing a long position	1670	353.80
10p ordinary share	Equity swap	decreasing a long position	1736	353.40
10p ordinary share	Equity swap	decreasing a long position	1753	350.20
10p ordinary share	Equity swap	decreasing a long position	1763	345.40
10p ordinary share	Equity swap	decreasing a long position	1831	350.40
10p ordinary share	Equity swap	decreasing a long position	2307	346.40
10p ordinary share	Equity swap	decreasing a long position	2654	344.60
10p ordinary share	Equity swap	decreasing a long position	3355	345.20
10p ordinary share	Equity swap	decreasing a long position	4247	345.80
10p ordinary share	Equity swap	decreasing a long position	4503	348.80
10p ordinary share	Equity swap	decreasing a long position	4753	350.80
10p ordinary share	Equity swap	decreasing a long position	5331	345.00
10p ordinary share	Equity swap	decreasing a long position	6149	346.20
10p ordinary share	Equity swap	decreasing a long position	6427	349.40
10p ordinary share	Equity swap	decreasing a long position	7133	354.00
10p ordinary share	Equity swap	decreasing a long position	45853	347.20
10p ordinary share	Equity swap	decreasing a long position	103221	350.8751
10p ordinary share	Equity swap	decreasing a long position	51611	352.88
10p ordinary share	Equity swap	decreasing a long position	25805	353.682

(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 (GBp)

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:	18-06-2024
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: 1236751

Time of Receipt (offset from UTC): 20240618T130608+0100