Form 8.3 - DS SMITH PLC

LONDON, July 05, 2024--(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	04-07-2024
(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:	14,270,975	1.03	0	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	0	0	0	0
TOTAL:	14,270,975	1.03	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	478	427.30
10p ordinary share	Equity swap	increasing a long position	685	424.50
10p ordinary share	Equity swap	increasing a long position	733	429.80
10p ordinary share	Equity swap	increasing a long position	744	430.00
10p ordinary share	Equity swap	increasing a long position	790	426.50
10p ordinary share	Equity swap	increasing a long position	791	426.40
10p ordinary share	Equity swap	increasing a long position	890	426.30
10p ordinary share	Equity swap	increasing a long position	1249	426.00
10p ordinary share	Equity swap	increasing a long position	1712	423.80
10p ordinary share	Equity swap	increasing a long position	1815	422.80
10p ordinary share	Equity swap	increasing a long position	1876	425.20
10p ordinary share	Equity swap	increasing a long position	1963	424.70
10p ordinary share	Equity swap	increasing a long position	2108	428.80
10p ordinary share	Equity swap	increasing a long position	2228	423.10
10p ordinary share	Equity swap	increasing a long position	2305	426.80
10p ordinary share	Equity swap	increasing a long position	2441	425.40
10p ordinary share	Equity swap	increasing a long position	2562	427.70
10p ordinary share	Equity swap	increasing a long position	2629	429.00
10p ordinary share	Equity swap	increasing a long position	2751	423.00
10p ordinary share	Equity swap	increasing a long position	2938	423.60
10p ordinary share	Equity swap	increasing a long position	3003	423.50
10p ordinary share	Equity swap	increasing a long position	3349	425.80
10p ordinary share	Equity swap	increasing a long position	3648	424.81
10p ordinary share	Equity swap	increasing a long position	3841	423.81
10p ordinary share	Equity swap	increasing a long position	3856	426.20
10p ordinary share	Equity swap	increasing a long position	4635	428.60
10p ordinary share	Equity swap	increasing a long position	4761	427.10
10p ordinary share	Equity swap	increasing a long position	4849	423.20
10p ordinary share	Equity swap	increasing a long position	4927	427.00
10p ordinary share	Equity swap	increasing a long position	5096	423.40
10p ordinary share	Equity swap	increasing a long position	5356	428.20
10p ordinary share	Equity swap	increasing a long position	5554	423.41
10p ordinary share	Equity swap	increasing a long position	5621	423.30
10p ordinary share	Equity swap	increasing a long position	6324	427.40
10p ordinary share	Equity swap	increasing a long position	6579	427.90
10p ordinary share	Equity swap	increasing a long position	6624	426.60
10p ordinary share	Equity swap	increasing a long position	6871	427.60
10p ordinary share	Equity swap	increasing a long position	7300	425.60
10p ordinary share	Equity swap	increasing a long position	7303	425.01
10p ordinary share	Equity swap	increasing a long position	7722	429.40
10p ordinary share	Equity swap	increasing a long position	7982	428.10
10p ordinary share	Equity swap	increasing a long position	8520	424.30
10p ordinary share	Equity swap	increasing a long position	8960	427.20
10p ordinary share	Equity swap	increasing a long position	9002	429.60
10p ordinary share	Equity swap	increasing a long position	10305	424.01
10p ordinary share	Equity swap	increasing a long position	13511	427.80
10p ordinary share	Equity swap	increasing a long position	16698	428.00
10p ordinary share	Equity swap	increasing a long position	16739	423.61
10p ordinary share	Equity swap	increasing a long position	16871	424.00
10p ordinary share	Equity swap	increasing a long position	18113	424.80
10p ordinary share	Equity swap	increasing a long position	19600	424.20
10p ordinary share	Equity swap	increasing a long position	24535	424.60
10p ordinary share	Equity swap	increasing a long position	27496	424.40
10p ordinary share	Equity swap	increasing a long position	42446	424.21
10p ordinary share	Equity swap	increasing a long position	227402	424.41
10p ordinary share	Equity swap	increasing a long position	291298	425.00
10p ordinary share	Equity swap	decreasing a long position	104	427.90
10p ordinary share	Equity swap	decreasing a long position	200	424.60
10p ordinary share	Equity swap	decreasing a long position	291	425.80
10p ordinary share	Equity swap	decreasing a long position	366	427.20
10p ordinary share	Equity swap	decreasing a long position	636	424.80
10p ordinary share	Equity swap	decreasing a long position	650	428.80
10p ordinary share	Equity swap	decreasing a long position	720	428.40
10p ordinary share	Equity swap	decreasing a long position	783	429.20
10p ordinary share	Equity swap	decreasing a long position	869	428.00
10p ordinary share	Equity swap	decreasing a long position	1775	427.40
10p ordinary share	Equity swap	decreasing a long position	2213	427.80
10p ordinary share	Equity swap	decreasing a long position	2356	428.20
10p ordinary share	Equity swap	decreasing a long position	2878	427.60
10p ordinary share	Equity swap	decreasing a long position	12920	429.00
10p ordinary share	Equity swap	decreasing a long position	109830	425.00

(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:	05-07-2024
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 +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240705911856/en/

Contacts

Qube Research & Technologies LTD