RNS Number : 9906Q
Barclays PLC
20 December 2024
 

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:

19 Dec 2024

(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:



32,359,899

2.34%

16,427,151

1.19%

(2)

Cash-settled derivatives:






and/or controlled:



12,605,686

0.91%

31,165,460

2.26%

(3)

Stock-settled derivatives (including options)






and agreements to purchase/sell:



0

0.00%

0

0.00%










TOTAL:



44,965,585

3.26%

47,592,611

3.45%

(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

455,556

5.3700  GBP

10p ordinary

Purchase

212,808

5.3701  GBP

10p ordinary

Purchase

66,237

5.3148  GBP

10p ordinary

Purchase

40,099

5.3128  GBP

10p ordinary

Purchase

18,538

5.3326  GBP

10p ordinary

Purchase

17,812

5.3206  GBP

10p ordinary

Purchase

13,649

5.3285  GBP

10p ordinary

Purchase

10,718

5.3675  GBP

10p ordinary

Purchase

10,253

5.3136  GBP

10p ordinary

Purchase

9,044

5.3189  GBP

10p ordinary

Purchase

8,426

5.3243  GBP

10p ordinary

Purchase

7,425

5.3195  GBP

10p ordinary

Purchase

7,133

5.3205  GBP

10p ordinary

Purchase

6,088

5.3708  GBP

10p ordinary

Purchase

5,677

5.3098  GBP

10p ordinary

Purchase

5,624

5.3151  GBP

10p ordinary

Purchase

4,642

5.3156  GBP

10p ordinary

Purchase

4,465

5.3144  GBP

10p ordinary

Purchase

3,734

5.3172  GBP

10p ordinary

Purchase

3,657

5.3121  GBP

10p ordinary

Purchase

2,984

5.3109  GBP

10p ordinary

Purchase

2,282

5.3254  GBP

10p ordinary

Purchase

2,159

5.2997  GBP

10p ordinary

Purchase

2,121

5.3249  GBP

10p ordinary

Purchase

1,701

5.3100  GBP

10p ordinary

Purchase

1,417

5.3625  GBP

10p ordinary

Purchase

1,201

5.3125  GBP

10p ordinary

Purchase

1,157

5.3250  GBP

10p ordinary

Purchase

769

5.3550  GBP

10p ordinary

Purchase

549

5.3552  GBP

10p ordinary

Purchase

476

5.3200  GBP

10p ordinary

Purchase

261

5.3000  GBP

10p ordinary

Sale

592,055

5.3698  GBP

10p ordinary

Sale

212,808

5.3701  GBP

10p ordinary

Sale

66,034

5.3700  GBP

10p ordinary

Sale

27,741

5.3436  GBP

10p ordinary

Sale

21,882

5.3617  GBP

10p ordinary

Sale

19,851

5.3689  GBP

10p ordinary

Sale

14,633

5.3210  GBP

10p ordinary

Sale

12,794

5.3395  GBP

10p ordinary

Sale

9,758

5.3217  GBP

10p ordinary

Sale

3,575

5.3051  GBP

10p ordinary

Sale

3,565

5.3000  GBP

10p ordinary

Sale

3,343

5.3324  GBP

10p ordinary

Sale

2,435

5.3199  GBP

10p ordinary

Sale

2,382

5.3369  GBP

10p ordinary

Sale

2,278

5.3383  GBP

10p ordinary

Sale

2,204

5.3421  GBP

10p ordinary

Sale

1,885

5.3593  GBP

10p ordinary

Sale

1,805

5.3401  GBP

10p ordinary

Sale

1,728

5.3184  GBP

10p ordinary

Sale

1,567

5.3608  GBP

10p ordinary

Sale

1,107

5.3600  GBP

10p ordinary

Sale

1,012

5.3100  GBP

10p ordinary

Sale

660

5.2925  GBP

10p ordinary

Sale

571

5.3250  GBP

10p ordinary

Sale

538

5.3550  GBP

10p ordinary

Sale

430

5.3625  GBP

10p ordinary

Sale

422

5.3274  GBP

10p ordinary

Sale

390

5.2800  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

752,701

5.4400  GBP

10p ordinary

SWAP

Increasing Short

63,300

5.3221  GBP

10p ordinary

SWAP

Increasing Short

752,701

5.4400  GBP

10p ordinary

SWAP

Decreasing Short

3,575

5.3051  GBP

10p ordinary

SWAP

Decreasing Short

14,633

5.3210  GBP

10p ordinary

SWAP

Decreasing Short

12,128

5.3225  GBP

10p ordinary

SWAP

Decreasing Short

27,741

5.3436  GBP

10p ordinary

SWAP

Decreasing Short

7,043

5.3492  GBP

10p ordinary

SWAP

Decreasing Short

19,851

5.3689  GBP

10p ordinary

SWAP

Decreasing Short

165,038

5.3700  GBP

10p ordinary

SWAP

Increasing Short

40,099

5.3128  GBP

10p ordinary

SWAP

Increasing Short

10,253

5.3136  GBP

10p ordinary

SWAP

Increasing Short

4,642

5.3156  GBP

10p ordinary

SWAP

Increasing Short

3,734

5.3172  GBP

10p ordinary

SWAP

Increasing Short

1,179

5.3250  GBP

10p ordinary

SWAP

Increasing Short

200

5.3300  GBP

10p ordinary

SWAP

Increasing Short

4,230

5.3682  GBP

10p ordinary

SWAP

Increasing Short

4,897

5.3700  GBP

10p ordinary

SWAP

Increasing Short

165

5.3800  GBP

10p ordinary

SWAP

Increasing Short

20,000

5.4859  USD

10p ordinary

CFD

Increasing Short

28,796

5.3082  GBP

10p ordinary

CFD

Increasing Short

20,000

5.3104  GBP

10p ordinary

CFD

Increasing Short

1,943

5.3367  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:

20 Dec 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

























 

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