TR-1(i): NOTIFICATION OF MAJOR INTERESTS IN SHARES
1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached (ii):
DS Smith Plc
2. Reason for the notification:
An acquisition or disposal of voting rights: ( X )
An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached: ( )
An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments ( X )
An event changing the breakdown of voting rights: ( )
Other (please specify): ( )
3. Full name of person(s) subject to the notification obligation (iii):
BlackRock, Inc.
4. Full name of shareholder(s) (if different from 3.)
N/A
5. Date of the transaction (and date on which the threshold is crossed or reached if different) (v):
1 December 2016
6. Date on which issuer notified:
2 December 2016
7. Threshold(s) that is/are crossed or reached:
Total holding for BlackRock, Inc. has gone above 5%
8. Notified details:
A: Voting rights attached to shares viii, ix
Class/type of
shares
if possible using
the ISIN CODE
| Situation previous
to the triggering
transaction | Resulting situation after the triggering transaction |
Number
of
Shares | Number
of
Voting
Rights | Number
of shares | Number of voting
rights | % of voting rights x |
Direct | Direct xi | Indirect xii | Direct | Indirect |
GB0008220112 | Below 5% | Below 5% | N/A | N/A | 36,527,429 | N/A | 3.85% |
B: Qualifying Financial Instruments
Resulting situation after the triggering transaction |
Type of financial
instrument | Expiration
date xiii | Exercise/
Conversion Period xiv | Number of voting
rights that may be
acquired if the
instrument is
exercised/ converted. | % of voting
rights |
Securities Lending | | | 1,448,145 | 0.15% |
C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi
Resulting situation after the triggering transaction |
Type of financial
instrument | Exercise price | Expiration date xvii | Exercise/
Conversion period xviii | Number of voting rights instrument refers to | % of voting rights xix, xx |
CFD | | | | 9,571,460 | Nominal | Delta |
1.01% | 1.01% |
Total (A+B+C)
Number of voting rights | Percentage of voting rights |
47,547,034 | 5.02% |
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable (xv):
See Annex 1
Proxy Voting:
10. Name of the proxy holder:
11. Number of voting rights proxy holder will cease to hold:
12. Date on which proxy holder will cease to hold voting rights:
13. Additional information:
BlackRock Regulatory Threshold Reporting Team
14. Contact name:
Marc-Oliver Lesch
15. Contact telephone number:
020 7743 3650
Identity of the notifier, if applicable (xvii)
Full name:
Iain Simm
Contact address:
DS Smith Plc, 7th Floor, 350 Euston Road, London NW1 3AX
Phone number:
020 7756 1800