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	18-06-2024
(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:	14,866,606	1.08	0	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	14,866,606	1.08	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	146	351.40
10p ordinary share	Equity swap	increasing a long position	668	345.00
10p ordinary share	Equity swap	increasing a long position	789	349.80
10p ordinary share	Equity swap	increasing a long position	943	345.20
10p ordinary share	Equity swap	increasing a long position	1631	347.40
10p ordinary share	Equity swap	increasing a long position	2114	345.80
10p ordinary share	Equity swap	increasing a long position	2671	350.80
10p ordinary share	Equity swap	increasing a long position	2701	347.20
10p ordinary share	Equity swap	increasing a long position	2716	347.60
10p ordinary share	Equity swap	increasing a long position	2891	348.00
10p ordinary share	Equity swap	increasing a long position	3431	345.40
10p ordinary share	Equity swap	increasing a long position	4227	347.80
10p ordinary share	Equity swap	increasing a long position	4303	351.00
10p ordinary share	Equity swap	increasing a long position	4721	348.80
10p ordinary share	Equity swap	increasing a long position	5039	351.20
10p ordinary share	Equity swap	increasing a long position	5686	346.80
10p ordinary share	Equity swap	increasing a long position	5819	350.60
10p ordinary share	Equity swap	increasing a long position	6720	347.00
10p ordinary share	Equity swap	increasing a long position	6842	345.60
10p ordinary share	Equity swap	increasing a long position	8845	346.40
10p ordinary share	Equity swap	increasing a long position	9420	348.60
10p ordinary share	Equity swap	increasing a long position	9584	346.20
10p ordinary share	Equity swap	increasing a long position	11444	346.60
10p ordinary share	Equity swap	increasing a long position	12310	348.40
10p ordinary share	Equity swap	increasing a long position	15307	349.40
10p ordinary share	Equity swap	increasing a long position	17247	350.00
10p ordinary share	Equity swap	increasing a long position	20374	348.20
10p ordinary share	Equity swap	increasing a long position	31161	349.60
10p ordinary share	Equity swap	increasing a long position	34955	346.00
10p ordinary share	Equity swap	increasing a long position	48576	349.00
10p ordinary share	Equity swap	increasing a long position	59415	349.20
10p ordinary share	Equity swap	increasing a long position	170554	350.40
10p ordinary share	Equity swap	decreasing a long position	471	346.00
10p ordinary share	Equity swap	decreasing a long position	801	350.52
10p ordinary share	Equity swap	decreasing a long position	949	346.20
10p ordinary share	Equity swap	decreasing a long position	949	349.40
10p ordinary share	Equity swap	decreasing a long position	1036	347.60
10p ordinary share	Equity swap	decreasing a long position	1362	350.32
10p ordinary share	Equity swap	decreasing a long position	1520	346.40
10p ordinary share	Equity swap	decreasing a long position	1681	349.60
10p ordinary share	Equity swap	decreasing a long position	1770	348.20
10p ordinary share	Equity swap	decreasing a long position	2374	350.00
10p ordinary share	Equity swap	decreasing a long position	2976	349.92
10p ordinary share	Equity swap	decreasing a long position	3092	349.20
10p ordinary share	Equity swap	decreasing a long position	3208	349.00
10p ordinary share	Equity swap	decreasing a long position	3233	348.80
10p ordinary share	Equity swap	decreasing a long position	3879	350.02
10p ordinary share	Equity swap	decreasing a long position	9738	350.42
10p ordinary share	Equity swap	decreasing a long position	9867	350.82
10p ordinary share	Equity swap	decreasing a long position	11303	348.00
10p ordinary share	Equity swap	decreasing a long position	25506	351.02
10p ordinary share	Equity swap	decreasing a long position	27716	351.00
10p ordinary share	Equity swap	decreasing a long position	101048	350.40
10p ordinary share	Equity swap	decreasing a long position	133441	349.82
10p ordinary share	Equity swap	decreasing a long position	212430	350.22
10p ordinary share	Equity swap	decreasing a long position	103221	349.5718

(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:	19-06-2024
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: 1237258

Time of Receipt (offset from UTC): 20240619T140720+0100