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	15^th November 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:	4,243,196	1.222%	1,686,501	0.486%
(2) Cash-settled derivatives:	6,423	0.002%	928,144	0.267%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	123,000	0.035%
TOTAL:	4,262,219	1.227%	2,737,645	0.788%

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	1,437	57.58
US4601461035	Purchase	455	56.58
US4601461035	Purchase	581	56.61
US4601461035	Purchase	1	56.55
US4601461035	Purchase	100	56.53
US4601461035	Purchase	300	56.57
US4601461035	Sale	1,609	57.58
US4601461035	Sale	52	57.26
US4601461035	Sale	450	57.30
US4601461035	Purchase	347	57.52
US4601461035	Sale	347	57.52
US4601461035	Sale	12,596	57.58
US4601461035	Purchase	49	56.76
US4601461035	Sale	1,900	57.25
US4601461035	Purchase	104	57.01
US4601461035	Purchase	26	56.81
US4601461035	Purchase	347	57.23
US4601461035	Purchase	4	56.92
US4601461035	Sale	22	57.20
US4601461035	Purchase	602	57.26
US4601461035	Purchase	10	57.30
US4601461035	Purchase	1	57.52
US4601461035	Purchase	202	57.58
US4601461035	Purchase	218	57.25
US4601461035	Purchase	10	56.81
US4601461035	Purchase	16	57.23
US4601461035	Purchase	20	56.47
US4601461035	Sale	950	56.19
US4601461035	Purchase	34	56.63
US4601461035	Purchase	1,057	56.67
US4601461035	Purchase	95	56.74
US4601461035	Purchase	193	56.58
US4601461035	Purchase	36	56.66
US4601461035	Purchase	402	56.69
US4601461035	Purchase	157	57.20
US4601461035	Purchase	5,400	56.65
US4601461035	Purchase	208	56.59
US4601461035	Purchase	5	56.73
US4601461035	Purchase	9,085	56.61
US4601461035	Purchase	396	56.60
US4601461035	Purchase	147	56.77
US4601461035	Purchase	252	56.64
US4601461035	Purchase	7,258	56.62
US4601461035	Purchase	67	57.03
US4601461035	Purchase	9	56.55
US4601461035	Purchase	704	56.68
US4601461035	Purchase	31	56.54
US4601461035	Purchase	769	57.27
US4601461035	Purchase	143	56.53
US4601461035	Purchase	1	56.72
US4601461035	Purchase	426	57.31
US4601461035	Purchase	27	56.49
US4601461035	Purchase	24	56.57
US4601461035	Purchase	7	56.70
US4601461035	Purchase	131	57.39
US4601461035	Purchase	110	56.80
US4601461035	Purchase	360	57.28
US4601461035	Purchase	82	56.56
US4601461035	Purchase	6	56.78
US4601461035	Purchase	127	57.33
US4601461035	Purchase	90	57.24
US4601461035	Purchase	206	57.34
US4601461035	Purchase	13	57.36
US4601461035	Purchase	80	57.13
US4601461035	Purchase	193	57.32
US4601461035	Purchase	15	57.15
US4601461035	Purchase	580	57.10
US4601461035	Purchase	95	57.51
US4601461035	Purchase	2	57.49
US4601461035	Purchase	34	57.00
US4601461035	Purchase	17	56.94
US4601461035	Purchase	68	56.93
US4601461035	Purchase	3	57.43
US4601461035	Purchase	6,910	57.29
US4601461035	Sale	7,013	57.29
US4601461035	Purchase	1,267	57.38
US4601461035	Sale	1,272	57.38
US4601461035	Purchase	4	56.95
US4601461035	Purchase	173	57.02
US4601461035	Purchase	201	57.17
US4601461035	Purchase	37	57.42
US4601461035	Purchase	230	56.86
US4601461035	Purchase	61	56.83
US4601461035	Purchase	24	57.35
US4601461035	Purchase	11	57.08
US4601461035	Purchase	6	57.41
US4601461035	Purchase	339	57.12
US4601461035	Purchase	3	57.37
US4601461035	Purchase	12	57.50
US4601461035	Purchase	1,812	56.85
US4601461035	Purchase	8	57.45
US4601461035	Purchase	41	57.47
US4601461035	Purchase	3	57.22
US4601461035	Purchase	40	56.98
US4601461035	Purchase	24	57.53
US4601461035	Sale	483	57.30
US4601461035	Sale	222	57.52
US4601461035	Purchase	1,437	57.58
US4601461035	Sale	2,419	57.58
US4601461035	Sale	200	56.76
US4601461035	Sale	600	56.63
US4601461035	Sale	1,595	56.67
US4601461035	Sale	125	56.58
US4601461035	Sale	1,594	56.66
US4601461035	Sale	2,780	56.65
US4601461035	Sale	11	56.59
US4601461035	Sale	325	56.73
US4601461035	Sale	746	56.61
US4601461035	Sale	5	56.77
US4601461035	Sale	2,061	56.64
US4601461035	Sale	15	56.62
US4601461035	Sale	585	56.55
US4601461035	Sale	1,453	56.68
US4601461035	Sale	44	57.27
US4601461035	Sale	829	57.31
US4601461035	Sale	135	56.70
US4601461035	Sale	1,487	57.28
US4601461035	Sale	127	56.56
US4601461035	Sale	2	56.78
US4601461035	Sale	200	56.71
US4601461035	Sale	27	56.79
US4601461035	Sale	1	57.33
US4601461035	Sale	1	56.75
US4601461035	Sale	46	57.24
US4601461035	Sale	3,048	57.34
US4601461035	Sale	406	56.82
US4601461035	Sale	757	57.36
US4601461035	Sale	187	57.13
US4601461035	Sale	33	56.99
US4601461035	Sale	611	57.11
US4601461035	Sale	1	57.60
US4601461035	Sale	100	56.87
US4601461035	Sale	1,252	57.21
US4601461035	Sale	104	57.32
US4601461035	Sale	345	57.15
US4601461035	Sale	304	57.10
US4601461035	Sale	100	57.51
US4601461035	Sale	2	56.84
US4601461035	Sale	396	57.19
US4601461035	Sale	292	57.09
US4601461035	Sale	141	57.49
US4601461035	Sale	69	57.00
US4601461035	Sale	958	57.29
US4601461035	Sale	1	57.38
US4601461035	Sale	1	57.30
US4601461035	Sale	329	57.52
US4601461035	Purchase	6,203	57.58
US4601461035	Sale	1,361	57.58
US4601461035	Sale	73	56.76
US4601461035	Sale	853	57.25
US4601461035	Sale	89	57.23
US4601461035	Purchase	13	56.92
US4601461035	Purchase	2	56.47
US4601461035	Purchase	172	56.19
US4601461035	Sale	256	56.19
US4601461035	Purchase	155	56.63
US4601461035	Sale	49	56.63
US4601461035	Purchase	17	56.67
US4601461035	Sale	640	56.67
US4601461035	Purchase	105	56.58
US4601461035	Purchase	448	56.66
US4601461035	Sale	23	56.66
US4601461035	Purchase	12	56.69
US4601461035	Sale	78	56.69
US4601461035	Purchase	557	57.20
US4601461035	Sale	557	57.20
US4601461035	Purchase	12	56.65
US4601461035	Sale	639	56.65
US4601461035	Purchase	35	56.59
US4601461035	Sale	41	56.59
US4601461035	Sale	4	56.73
US4601461035	Purchase	212	56.61
US4601461035	Sale	37	56.61
US4601461035	Purchase	129	56.60
US4601461035	Sale	100	56.77
US4601461035	Purchase	206	56.64
US4601461035	Sale	60	56.64
US4601461035	Purchase	33	56.62
US4601461035	Sale	8,464	56.62
US4601461035	Sale	16	57.03
US4601461035	Purchase	101	56.55
US4601461035	Purchase	23	56.68
US4601461035	Sale	220	56.68
US4601461035	Purchase	1	56.54
US4601461035	Purchase	103	56.53
US4601461035	Purchase	2	56.72
US4601461035	Sale	1,355	57.31
US4601461035	Purchase	389	56.57
US4601461035	Purchase	80	56.70
US4601461035	Sale	408	57.39
US4601461035	Purchase	6,644	57.28
US4601461035	Sale	6,671	57.28
US4601461035	Purchase	26	56.56
US4601461035	Purchase	92	56.71
US4601461035	Sale	2	56.71
US4601461035	Sale	1	56.79
US4601461035	Purchase	78	57.33
US4601461035	Sale	277	57.33
US4601461035	Sale	1,589	56.35
US4601461035	Sale	1	56.82
US4601461035	Purchase	34	57.36
US4601461035	Sale	2	57.36
US4601461035	Sale	65	57.13
US4601461035	Sale	47	56.87
US4601461035	Purchase	149	57.51
US4601461035	Sale	42	57.19
US4601461035	Sale	6	57.09
US4601461035	Sale	487	57.56
US4601461035	Purchase	1	56.44
US4601461035	Sale	137	56.29
US4601461035	Sale	1,589	57.16
US4601461035	Sale	9	57.61
US4601461035	Purchase	1,200	57.38
US4601461035	Sale	1,200	57.38
US4601461035	Sale	725	56.95
US4601461035	Sale	177	57.02
US4601461035	Purchase	2	56.91
US4601461035	Sale	100	56.91
US4601461035	Sale	213	57.54
US4601461035	Purchase	1,918	57.22
US4601461035	Purchase	5	56.52
US4601461035	Purchase	3	56.51
US4601461035	Purchase	75	57.46
US4601461035	Sale	418	57.46
US4601461035	Sale	692	57.59
US4601461035	Sale	435	56.98
US4601461035	Sale	100	57.62
US4601461035	Purchase	1	56.89
US4601461035	Sale	1	56.89
US4601461035	Sale	112	57.65
US4601461035	Purchase	9	56.48
US4601461035	Purchase	5	57.57
US4601461035	Purchase	490	57.53
US4601461035	Sale	500	57.53
US4601461035	Sale	7	56.97
US4601461035	Sale	235	57.18
US4601461035	Sale	100	57.64
US4601461035	Purchase	200	57.44
US4601461035	Purchase	1,656	57.26
US4601461035	Purchase	450	57.30
US4601461035	Purchase	315	57.52
US4601461035	Purchase	12,274	57.58
US4601461035	Sale	903	57.58
US4601461035	Purchase	1,857	57.25
US4601461035	Purchase	73	57.23
US4601461035	Purchase	6,758	56.63
US4601461035	Purchase	66	56.67
US4601461035	Purchase	277	56.58
US4601461035	Purchase	172	56.66
US4601461035	Purchase	724	56.69
US4601461035	Purchase	22	57.20
US4601461035	Purchase	2,007	56.65
US4601461035	Purchase	267	56.59
US4601461035	Purchase	16	56.73
US4601461035	Purchase	1,016	56.61
US4601461035	Purchase	3,484	56.60
US4601461035	Purchase	3,229	57.05
US4601461035	Purchase	1,619	56.64
US4601461035	Purchase	1,016	56.62
US4601461035	Purchase	198	57.03
US4601461035	Purchase	1	56.55
US4601461035	Purchase	3	56.68
US4601461035	Purchase	70	56.72
US4601461035	Purchase	345	56.57
US4601461035	Purchase	1	56.70
US4601461035	Purchase	2,127	57.39
US4601461035	Purchase	31	57.28
US4601461035	Sale	31	57.28
US4601461035	Purchase	4	56.71
US4601461035	Purchase	213	56.79
US4601461035	Purchase	1,556	57.33
US4601461035	Purchase	1,589	56.35
US4601461035	Purchase	203	56.75
US4601461035	Purchase	1,354	57.34
US4601461035	Purchase	588	56.82
US4601461035	Purchase	78	56.99
US4601461035	Purchase	338	56.87
US4601461035	Purchase	177	57.21
US4601461035	Purchase	23	57.15
US4601461035	Purchase	32	57.04
US4601461035	Purchase	526	57.51
US4601461035	Purchase	2,538	57.19
US4601461035	Purchase	353	57.09
US4601461035	Purchase	33	57.49
US4601461035	Purchase	350	57.00
US4601461035	Purchase	266	57.43
US4601461035	Purchase	2,146	57.17
US4601461035	Sale	2,146	57.17
US4601461035	Purchase	582	57.42
US4601461035	Purchase	683	56.83
US4601461035	Purchase	436	57.41
US4601461035	Purchase	1,083	57.12
US4601461035	Purchase	100	57.37
US4601461035	Purchase	3,045	57.50
US4601461035	Purchase	101	57.47
US4601461035	Purchase	44	56.91
US4601461035	Purchase	237	56.52
US4601461035	Purchase	65	57.48
US4601461035	Purchase	524	57.46
US4601461035	Purchase	7	56.89
US4601461035	Purchase	1,124	57.18
US4601461035	Purchase	3,192	57.44
US4601461035	Purchase	300	57.06
US4601461035	Purchase	500	56.67
US4601461035	Purchase	9	56.66
US4601461035	Purchase	849	56.69
US4601461035	Purchase	1,520	56.65
US4601461035	Purchase	2,600	56.61
US4601461035	Purchase	36	56.60
US4601461035	Purchase	200	56.64
US4601461035	Purchase	8	56.68
US4601461035	Purchase	1,097	56.70
US4601461035	Purchase	16	56.71
US4601461035	Purchase	335	56.87
US4601461035	Purchase	1,609	57.58
US4601461035	Sale	1,609	57.58
US4601461035	Sale	5,400	57.58
US4601461035	Sale	632	57.58
US4601461035	Sale	1,597	57.23
US4601461035	Purchase	315	56.61
US4601461035	Sale	38	56.61
US4601461035	Purchase	13	56.64
US4601461035	Purchase	1,973	56.62
US4601461035	Sale	76	57.03
US4601461035	Purchase	76	56.53
US4601461035	Sale	25	56.80
US4601461035	Purchase	89	56.78
US4601461035	Purchase	38	56.79
US4601461035	Sale	258	57.33
US4601461035	Sale	1,031	57.13
US4601461035	Sale	266	57.15
US4601461035	Sale	2,069	56.93
US4601461035	Purchase	3	57.56
US4601461035	Sale	2,356	57.16
US4601461035	Sale	43	57.61
US4601461035	Sale	76	57.43
US4601461035	Sale	16,670	56.95

(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 short Position	2,570	44.76 GBP
US4601461035	Equity Swap	Reducing a long Position	347	57.25 USD
US4601461035	Equity Swap	Reducing a long Position	76	57.25 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 (USD)
US4601461035	Put Option	Purchasing	1,400	55.00	American	17/01/2025	1.37

(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:	18^th November 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	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	Put Option	Purchased	65,800	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	40,900	47.50	American	17/01/2025
US4601461035	Put Option	Purchased	1,000	50.00	American	17/01/2025
US4601461035	Put Option	Purchased	10,700	55.00	American	17/01/2025
US4601461035	Put Option	Purchased	3,800	57.50	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: 1261375

Time of Receipt (offset from UTC): 20241118T151937+0000