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	22-07-2024
(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:	17,263,182	1.25	0	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	17,263,182	1.25	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 (GBp)

(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	74	447.20
10p ordinary share	Equity swap	increasing a long position	136	452.80
10p ordinary share	Equity swap	increasing a long position	153	453.20
10p ordinary share	Equity swap	increasing a long position	162	447.60
10p ordinary share	Equity swap	increasing a long position	348	448.20
10p ordinary share	Equity swap	increasing a long position	502	449.20
10p ordinary share	Equity swap	increasing a long position	551	452.60
10p ordinary share	Equity swap	increasing a long position	585	448.00
10p ordinary share	Equity swap	increasing a long position	613	447.80
10p ordinary share	Equity swap	increasing a long position	631	445.40
10p ordinary share	Equity swap	increasing a long position	647	444.80
10p ordinary share	Equity swap	increasing a long position	964	451.00
10p ordinary share	Equity swap	increasing a long position	989	447.40
10p ordinary share	Equity swap	increasing a long position	1263	451.20
10p ordinary share	Equity swap	increasing a long position	1340	450.80
10p ordinary share	Equity swap	increasing a long position	1473	450.00
10p ordinary share	Equity swap	increasing a long position	1512	446.80
10p ordinary share	Equity swap	increasing a long position	1571	449.60
10p ordinary share	Equity swap	increasing a long position	1879	448.40
10p ordinary share	Equity swap	increasing a long position	1906	448.80
10p ordinary share	Equity swap	increasing a long position	1962	451.40
10p ordinary share	Equity swap	increasing a long position	1979	452.20
10p ordinary share	Equity swap	increasing a long position	2105	448.60
10p ordinary share	Equity swap	increasing a long position	2196	449.80
10p ordinary share	Equity swap	increasing a long position	2696	449.40
10p ordinary share	Equity swap	increasing a long position	3423	453.00
10p ordinary share	Equity swap	increasing a long position	4190	450.60
10p ordinary share	Equity swap	increasing a long position	4208	451.60
10p ordinary share	Equity swap	increasing a long position	8835	452.00
10p ordinary share	Equity swap	increasing a long position	9818	450.20
10p ordinary share	Equity swap	increasing a long position	13422	452.40
10p ordinary share	Equity swap	increasing a long position	80106	451.80
10p ordinary share	Equity swap	decreasing a long position	352	447.40
10p ordinary share	Equity swap	decreasing a long position	604	445.60
10p ordinary share	Equity swap	decreasing a long position	768	453.00
10p ordinary share	Equity swap	decreasing a long position	1179	451.40
10p ordinary share	Equity swap	decreasing a long position	1200	446.80
10p ordinary share	Equity swap	decreasing a long position	1353	449.40
10p ordinary share	Equity swap	decreasing a long position	1501	449.00
10p ordinary share	Equity swap	decreasing a long position	1848	450.80
10p ordinary share	Equity swap	decreasing a long position	2188	451.00
10p ordinary share	Equity swap	decreasing a long position	2518	453.80
10p ordinary share	Equity swap	decreasing a long position	2546	448.80
10p ordinary share	Equity swap	decreasing a long position	2578	451.20
10p ordinary share	Equity swap	decreasing a long position	3284	453.60
10p ordinary share	Equity swap	decreasing a long position	3755	450.00
10p ordinary share	Equity swap	decreasing a long position	3852	450.60
10p ordinary share	Equity swap	decreasing a long position	4109	453.20
10p ordinary share	Equity swap	decreasing a long position	4326	450.20
10p ordinary share	Equity swap	decreasing a long position	4779	452.80
10p ordinary share	Equity swap	decreasing a long position	5467	453.40
10p ordinary share	Equity swap	decreasing a long position	5521	447.80
10p ordinary share	Equity swap	decreasing a long position	5867	450.40
10p ordinary share	Equity swap	decreasing a long position	7075	448.20
10p ordinary share	Equity swap	decreasing a long position	8013	448.60
10p ordinary share	Equity swap	decreasing a long position	8453	449.60
10p ordinary share	Equity swap	decreasing a long position	10158	451.60
10p ordinary share	Equity swap	decreasing a long position	10286	449.20
10p ordinary share	Equity swap	decreasing a long position	10414	452.60
10p ordinary share	Equity swap	decreasing a long position	10620	452.00
10p ordinary share	Equity swap	decreasing a long position	10674	449.80
10p ordinary share	Equity swap	decreasing a long position	14222	452.20
10p ordinary share	Equity swap	decreasing a long position	17132	452.40
10p ordinary share	Equity swap	decreasing a long position	220118	451.80

(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:	23-07-2024
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: 1241664

Time of Receipt (offset from UTC): 20240723T130554+0100