Form 8.3 - International Paper Company

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:	Millennium International Management LP
(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	International Paper Company
(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	25^th September 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, Smith (DS) plc

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:	Common Stock (US4601461035)
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	1,781,442	0.513%	1,556,327	0.448%
(2) Cash-settled derivatives:	19,464	0.006%	1,926,720	0.555%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	150,300	0.043%	108,100	0.031%
TOTAL:	1,951,206	0.562%	3,591,147	1.034%

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:

Details, including nature of the rights concerned and relevant percentages:

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 (USD)
US4601461035	Sale	320	48.24
US4601461035	Sale	72	48.27
US4601461035	Sale	25	48.33
US4601461035	Sale	921	48.25
US4601461035	Sale	446	48.23
US4601461035	Sale	892	48.26
US4601461035	Sale	1	48.34
US4601461035	Sale	51	48.31
US4601461035	Sale	84	48.22
US4601461035	Sale	16	48.30
US4601461035	Sale	20	48.15
US4601461035	Sale	109	48.29
US4601461035	Sale	27	48.28
US4601461035	Sale	44	48.20
US4601461035	Sale	13	48.32
US4601461035	Sale	55	48.21
US4601461035	Sale	11	48.19
US4601461035	Purchase	9,112	48.09
US4601461035	Sale	2	48.16
US4601461035	Sale	2	48.18
US4601461035	Sale	2	48.36
US4601461035	Purchase	29	48.24
US4601461035	Purchase	954	48.27
US4601461035	Purchase	532	48.33
US4601461035	Purchase	5,382	48.25
US4601461035	Purchase	1,453	48.23
US4601461035	Purchase	2,615	48.26
US4601461035	Purchase	296	48.34
US4601461035	Purchase	151	48.31
US4601461035	Purchase	347	48.22
US4601461035	Purchase	1,232	48.30
US4601461035	Purchase	2,690	48.15
US4601461035	Purchase	2,657	48.29
US4601461035	Purchase	2,995	48.28
US4601461035	Purchase	1,507	48.20
US4601461035	Purchase	703	48.32
US4601461035	Purchase	507	48.06
US4601461035	Purchase	5,285	48.17
US4601461035	Purchase	614	48.21
US4601461035	Purchase	5,727	48.19
US4601461035	Purchase	1,054	48.10
US4601461035	Purchase	12,853	48.09
US4601461035	Sale	72,966	48.09
US4601461035	Purchase	410	48.03
US4601461035	Purchase	10,831	48.16
US4601461035	Purchase	3,513	48.18
US4601461035	Purchase	400	48.12
US4601461035	Purchase	100	48.07
US4601461035	Purchase	305	48.11
US4601461035	Purchase	5,702	48.14
US4601461035	Purchase	872	48.08
US4601461035	Purchase	200	47.98
US4601461035	Purchase	362	48.01
US4601461035	Purchase	493	48.13
US4601461035	Purchase	195	48.02
US4601461035	Purchase	9,555	48.09
US4601461035	Purchase	1,179	48.24
US4601461035	Purchase	2	48.27
US4601461035	Purchase	44	48.25
US4601461035	Sale	132	48.25
US4601461035	Purchase	45	48.34
US4601461035	Purchase	289	48.31
US4601461035	Purchase	200	48.22
US4601461035	Sale	5	48.22
US4601461035	Purchase	373	48.30
US4601461035	Sale	280	48.15
US4601461035	Purchase	60	48.29
US4601461035	Purchase	1,479	48.28
US4601461035	Sale	75	48.06
US4601461035	Sale	285	48.05
US4601461035	Purchase	1	48.21
US4601461035	Sale	9	48.21
US4601461035	Sale	401	48.04
US4601461035	Sale	453	48.10
US4601461035	Purchase	104	48.09
US4601461035	Sale	105	48.09
US4601461035	Sale	100	48.03
US4601461035	Purchase	672	48.16
US4601461035	Sale	672	48.16
US4601461035	Purchase	200	48.12
US4601461035	Sale	166	48.12
US4601461035	Sale	1,074	48.07
US4601461035	Sale	293	48.11
US4601461035	Sale	405	48.14
US4601461035	Sale	224	48.08
US4601461035	Sale	2	48.27
US4601461035	Purchase	1	48.23
US4601461035	Sale	24	48.23
US4601461035	Purchase	23	48.22
US4601461035	Purchase	50	48.20
US4601461035	Purchase	265	48.21
US4601461035	Purchase	532	48.19
US4601461035	Purchase	52,593	48.09
US4601461035	Sale	41,348	48.09
US4601461035	Sale	66	48.24
US4601461035	Sale	124	48.31
US4601461035	Sale	195	48.21
US4601461035	Purchase	72,966	48.09
US4601461035	Purchase	24	48.24
US4601461035	Sale	748	48.24
US4601461035	Purchase	30	48.27
US4601461035	Sale	2,482	48.27
US4601461035	Purchase	28	48.33
US4601461035	Sale	195	48.33
US4601461035	Purchase	11	48.25
US4601461035	Sale	230	48.25
US4601461035	Purchase	27	48.23
US4601461035	Sale	525	48.23
US4601461035	Purchase	81	48.26
US4601461035	Sale	1,742	48.26
US4601461035	Purchase	1	48.34
US4601461035	Sale	46	48.34
US4601461035	Purchase	2,755	48.31
US4601461035	Sale	1,091	48.31
US4601461035	Purchase	7	48.22
US4601461035	Sale	580	48.22
US4601461035	Purchase	9	48.30
US4601461035	Sale	181	48.30
US4601461035	Purchase	3	48.15
US4601461035	Sale	128	48.15
US4601461035	Purchase	19	48.29
US4601461035	Sale	353	48.29
US4601461035	Purchase	5	48.28
US4601461035	Sale	143	48.28
US4601461035	Purchase	97	48.20
US4601461035	Sale	236	48.20
US4601461035	Sale	54	48.32
US4601461035	Sale	43	48.06
US4601461035	Sale	192	48.05
US4601461035	Purchase	600	48.17
US4601461035	Sale	257	48.17
US4601461035	Purchase	3	48.21
US4601461035	Sale	808	48.21
US4601461035	Purchase	75	48.19
US4601461035	Sale	1,216	48.19
US4601461035	Purchase	79	48.10
US4601461035	Sale	255	48.10
US4601461035	Purchase	20,570	48.09
US4601461035	Sale	5,732	48.09
US4601461035	Purchase	383	48.16
US4601461035	Sale	620	48.16
US4601461035	Purchase	96	48.18
US4601461035	Sale	519	48.18
US4601461035	Purchase	502	48.12
US4601461035	Sale	314	48.12
US4601461035	Sale	15	48.07
US4601461035	Purchase	846	48.11
US4601461035	Sale	962	48.11
US4601461035	Purchase	114	48.08
US4601461035	Sale	230	48.08
US4601461035	Sale	10	48.37
US4601461035	Sale	3	48.01
US4601461035	Sale	332	48.13
US4601461035	Sale	50	48.35
US4601461035	Purchase	178	48.24
US4601461035	Sale	77	48.24
US4601461035	Purchase	1,623	48.27
US4601461035	Sale	3	48.27
US4601461035	Purchase	3,588	48.25
US4601461035	Sale	51	48.25
US4601461035	Purchase	154	48.23
US4601461035	Sale	100	48.23
US4601461035	Purchase	5,136	48.26
US4601461035	Sale	12	48.26
US4601461035	Purchase	180	48.31
US4601461035	Purchase	2,609	48.22
US4601461035	Sale	620	48.22
US4601461035	Purchase	62	48.30
US4601461035	Purchase	28	48.28
US4601461035	Sale	12	48.28
US4601461035	Purchase	75	48.20
US4601461035	Sale	100	48.20
US4601461035	Purchase	511	48.32
US4601461035	Sale	51	48.06
US4601461035	Sale	600	48.17
US4601461035	Purchase	314	48.21
US4601461035	Sale	87	48.21
US4601461035	Sale	232	48.04
US4601461035	Purchase	100	48.19
US4601461035	Sale	111	48.19
US4601461035	Purchase	19,803	48.09
US4601461035	Sale	29,435	48.09
US4601461035	Sale	715	48.03
US4601461035	Sale	542	48.12
US4601461035	Sale	6	48.14
US4601461035	Sale	114	48.08
US4601461035	Sale	113	48.01
US4601461035	Sale	980	48.02
US4601461035	Sale	100	48.00
US4601461035	Sale	300	47.99
US4601461035	Purchase	2,421	48.09
US4601461035	Sale	52	48.24
US4601461035	Sale	45	48.25
US4601461035	Sale	268	48.23
US4601461035	Sale	45	48.26
US4601461035	Sale	180	48.22
US4601461035	Sale	100	48.21
US4601461035	Purchase	329	48.09
US4601461035	Purchase	104	48.09
US4601461035	Sale	104	48.09
US4601461035	Purchase	17,451	48.09
US4601461035	Purchase	19,728	48.09
US4601461035	Sale	19,728	48.09
US4601461035	Sale	6	48.23
US4601461035	Purchase	39	48.26
US4601461035	Sale	670	48.22
US4601461035	Sale	122	48.15
US4601461035	Sale	190	48.29
US4601461035	Sale	700	48.21
US4601461035	Sale	13	48.19
US4601461035	Purchase	118	48.10
US4601461035	Purchase	1,271	48.09
US4601461035	Purchase	663	48.16
US4601461035	Purchase	148	48.18
US4601461035	Purchase	2	48.12

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	Number of reference securities	Price per unit
US4601461035	Equity Swap	Increasing a long position	1,576	48.18 USD
US4601461035	Equity Swap	Increasing a long position	7,221	48.18 USD

(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 (USD)	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
US4601461035	Put Option	Purchasing	1,100	47.50	American	17/01/2025

(ii) Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit (USD)

(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)

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?

YES

Date of disclosure:	26^th September 2024
Contact name:	Stephen Glasper
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail]. 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.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Full name of person making disclosure:	Millennium International Management LP
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	International Paper Company

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit (USD)	Type e.g. American, European etc.	Expiry date
US4601461035	Call Option	Purchased	100	35.00	American	17/01/2025
US4601461035	Call Option	Purchased	300	40.00	American	17/01/2025
US4601461035	Put Option	Purchased	800	32.50	American	17/01/2025
US4601461035	Call Option	Purchased	12,200	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	400	45.00	American	18/10/2024
US4601461035	Put Option	Written	100,000	37.50	American	18/10/2024
US4601461035	Put Option	Purchased	55,900	45.00	American	17/01/2025
US4601461035	Put Option	Purchased	7,400	45.00	American	18/10/2024
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	6,600	42.50	American	18/10/2024
US4601461035	Call Option	Purchased	37,200	47.50	American	18/10/2024
US4601461035	Put Option	Purchased	16,100	47.50	American	18/10/2024
US4601461035	Put Option	Purchased	3,100	47.00	American	25/10/2024
US4601461035	Put Option	Purchased	17,200	47.50	American	17/01/2025
US4601461035	Put Option	Purchased	1000	50.00	American	17/01/2025

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

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: 1252157

Time of Receipt (offset from UTC): 20240926T130144+0100