TR-1: Standard form for notification of major holdings
1. Issuer Details
ISIN
GB0008220112
Issuer Name
DS SMITH PLC
UK or Non-UK Issuer
UK
2. Reason for Notification
An acquisition or disposal of voting rights; An acquisition or disposal of financial instruments
3. Details of person subject to the notification obligation
Name
JPMorgan Chase & Co.
City of registered office (if applicable)
Country of registered office (if applicable)
US
4. Details of the shareholder
| Name |
City of registered office |
Country of registered office |
| J.P. Morgan Securities plc |
5. Date on which the threshold was crossed or reached
29-Jan-2025
6. Date on which Issuer notified
31-Jan-2025
7. Total positions of person(s) subject to the notification obligation
| % of voting rights attached to shares (total of 8.A) |
% of voting rights through financial instruments (total of 8.B 1 + 8.B 2) |
Total of both in % (8.A + 8.B) |
Total number of voting rights held in issuer |
|
| Resulting situation on the date on which threshold was crossed or reached |
8.986393 |
0.429854 |
9.416247 |
129991809 |
| Position of previous notification (if applicable) |
6.095080 |
3.369966 |
9.465046 |
8. Notified details of the resulting situation on the date on which the threshold was crossed or reached
8A. Voting rights attached to shares
| Class/Type of shares ISIN code(if possible) |
Number of direct voting rights (DTR5.1) |
Number of indirect voting rights (DTR5.2.1) |
% of direct voting rights (DTR5.1) |
% of indirect voting rights (DTR5.2.1) |
| GB0008220112 |
124057661 |
8.986393 |
||
| Sub Total 8.A |
124057661 |
8.986393% |
||
8B1. Financial Instruments according to (DTR5.3.1R.(1) (a))
| Type of financial instrument |
Expiration date |
Exercise/conversion period |
Number of voting rights that may be acquired if the instrument is exercised/converted |
% of voting rights |
| Sub Total 8.B1 |
||||
8B2. Financial Instruments with similar economic effect according to (DTR5.3.1R.(1) (b))
| Type of financial instrument |
Expiration date |
Exercise/conversion period |
Physical or cash settlement |
Number of voting rights |
% of voting rights |
| Cash-settled Equity Swap |
10/02/2025 |
10/02/2025 |
Cash |
2144758 |
0.155360 |
| Cash-settled Equity Swap |
30/04/2025 |
30/04/2025 |
Cash |
543129 |
0.039343 |
| Cash-settled Equity Swap |
27/06/2025 |
27/06/2025 |
Cash |
1828 |
0.000132 |
| Cash-settled Equity Swap |
27/08/2025 |
27/08/2025 |
Cash |
67201 |
0.004868 |
| Cash-settled Equity Swap |
02/09/2025 |
02/09/2025 |
Cash |
112562 |
0.008154 |
| Cash-settled Equity Swap |
02/10/2025 |
02/10/2025 |
Cash |
223836 |
0.016214 |
| Cash-settled Equity Swap |
05/11/2025 |
05/11/2025 |
Cash |
6000 |
0.000435 |
| Cash-settled Equity Swap |
19/11/2025 |
19/11/2025 |
Cash |
12198 |
0.000884 |
| Cash-settled Equity Swap |
24/11/2025 |
24/11/2025 |
Cash |
778403 |
0.056385 |
| Cash-settled Equity Swap |
02/12/2025 |
02/12/2025 |
Cash |
1657429 |
0.120060 |
| Cash-settled Equity Swap |
17/12/2025 |
17/12/2025 |
Cash |
2013 |
0.000146 |
| Cash-settled Equity Swap |
31/12/2025 |
31/12/2025 |
Cash |
28370 |
0.002055 |
| Cash-settled Equity Swap |
19/01/2026 |
19/01/2026 |
Cash |
6182 |
0.000448 |
| Cash-settled Equity Swap |
10/02/2026 |
10/02/2026 |
Cash |
63100 |
0.004571 |
| Cash-settled Equity Swap |
16/02/2026 |
16/02/2026 |
Cash |
137557 |
0.009964 |
| Cash-settled Equity Swap |
18/02/2026 |
18/02/2026 |
Cash |
12721 |
0.000921 |
| Cash-settled Equity Swap |
25/02/2026 |
25/02/2026 |
Cash |
6762 |
0.000490 |
| Cash-settled Equity Swap |
29/07/2026 |
29/07/2026 |
Cash |
130099 |
0.009424 |
| Sub Total 8.B2 |
5934148 |
0.429854% |
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9. Information in relation to the person subject to the notification obligation
2. Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entities (please add additional rows as necessary)
| Ultimate controlling person |
Name of controlled undertaking |
% of voting rights if it equals or is higher than the notifiable threshold |
% of voting rights through financial instruments if it equals or is higher than the notifiable threshold |
Total of both if it equals or is higher than the notifiable threshold |
| JPMorgan Chase & Co. |
J.P. Morgan Securities plc |
8.980624 |
9.410477% |
|
| JPMorgan Chase & Co. |
J.P. Morgan Securities LLC |
|||
| JPMorgan Chase & Co. |
J.P. Morgan SE |
10. In case of proxy voting
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
11. Additional Information
Chain of controlled undertakings:
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan Capital Holdings Limited (100%)
J.P. Morgan Securities plc (100%)
JPMorgan Chase & Co.
JPMorgan Chase Holdings LLC (100%)
J.P. Morgan Broker-Dealer Holdings Inc. (100%)
J.P. Morgan Securities LLC (100%)
JPMorgan Chase & Co.
JPMorgan Chase Bank, National Association (100%)
J.P. Morgan International Finance Limited (100%)
J.P. Morgan SE (100%)
12. Date of Completion
31-Jan-2025
13. Place Of Completion
London, United Kingdom