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	18^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:	4,355,910	1.254%	1,624,155	0.468%
(2) Cash-settled derivatives:	6,013	0.002%	930,071	0.268%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	124,300	0.036%
TOTAL:	4,374,523	1.259%	2,678,526	0.771%

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	319	57.70
US4601461035	Purchase	319	57.41
US4601461035	Sale	1,113	57.70
US4601461035	Purchase	140	57.78
US4601461035	Purchase	490	57.67
US4601461035	Purchase	8,852	57.70
US4601461035	Purchase	667	57.48
US4601461035	Purchase	1,300	57.51
US4601461035	Purchase	1,104	57.58
US4601461035	Purchase	1,403	58.00
US4601461035	Purchase	685	57.56
US4601461035	Purchase	318	57.37
US4601461035	Purchase	3,836	57.64
US4601461035	Purchase	798	57.41
US4601461035	Purchase	100	57.45
US4601461035	Purchase	1,008	57.61
US4601461035	Purchase	1,294	57.62
US4601461035	Purchase	979	57.47
US4601461035	Purchase	2,683	57.52
US4601461035	Purchase	2,626	57.44
US4601461035	Purchase	202	57.46
US4601461035	Purchase	1,769	57.50
US4601461035	Purchase	951	57.55
US4601461035	Purchase	1,521	57.54
US4601461035	Purchase	1,467	57.63
US4601461035	Purchase	1,002	57.71
US4601461035	Purchase	1,711	57.95
US4601461035	Purchase	270	57.65
US4601461035	Purchase	2,329	57.69
US4601461035	Purchase	1,290	57.90
US4601461035	Purchase	349	58.03
US4601461035	Purchase	756	58.15
US4601461035	Purchase	1,630	57.73
US4601461035	Purchase	1,168	57.57
US4601461035	Purchase	1,045	57.74
US4601461035	Purchase	264	57.68
US4601461035	Purchase	910	57.43
US4601461035	Purchase	331	57.60
US4601461035	Purchase	303	57.87
US4601461035	Purchase	421	57.72
US4601461035	Purchase	660	57.36
US4601461035	Purchase	4,118	57.80
US4601461035	Purchase	1,660	57.75
US4601461035	Purchase	200	57.49
US4601461035	Purchase	1,743	57.81
US4601461035	Purchase	2	57.29
US4601461035	Purchase	400	57.93
US4601461035	Purchase	3,961	57.92
US4601461035	Purchase	900	58.04
US4601461035	Purchase	598	57.83
US4601461035	Purchase	2,373	57.59
US4601461035	Purchase	1,509	58.05
US4601461035	Purchase	494	57.94
US4601461035	Purchase	1,099	57.96
US4601461035	Purchase	824	58.09
US4601461035	Purchase	600	57.97
US4601461035	Purchase	302	58.08
US4601461035	Purchase	400	58.02
US4601461035	Purchase	4,502	57.85
US4601461035	Sale	1,719	57.85
US4601461035	Purchase	527	57.66
US4601461035	Purchase	2,407	58.01
US4601461035	Purchase	270	58.07
US4601461035	Purchase	1,420	58.10
US4601461035	Purchase	947	57.99
US4601461035	Purchase	614	57.88
US4601461035	Sale	593	57.88
US4601461035	Sale	5	57.79
US4601461035	Purchase	670	58.16
US4601461035	Purchase	10	57.77
US4601461035	Purchase	400	57.70
US4601461035	Purchase	118	57.48
US4601461035	Purchase	300	57.58
US4601461035	Purchase	899	58.00
US4601461035	Purchase	300	57.42
US4601461035	Purchase	605	57.56
US4601461035	Purchase	5,995	57.64
US4601461035	Purchase	1	57.38
US4601461035	Purchase	2,263	57.61
US4601461035	Purchase	81	57.62
US4601461035	Purchase	721	57.47
US4601461035	Purchase	442	57.52
US4601461035	Purchase	5	57.44
US4601461035	Purchase	2,562	57.50
US4601461035	Purchase	2,061	57.63
US4601461035	Purchase	26	57.84
US4601461035	Purchase	109	57.95
US4601461035	Purchase	100	57.53
US4601461035	Purchase	473	57.69
US4601461035	Purchase	1,086	57.90
US4601461035	Purchase	1,790	57.73
US4601461035	Purchase	100	57.57
US4601461035	Purchase	1,222	57.74
US4601461035	Purchase	100	57.68
US4601461035	Purchase	110	58.20
US4601461035	Purchase	246	57.87
US4601461035	Purchase	1,950	57.72
US4601461035	Purchase	105	57.80
US4601461035	Purchase	315	57.75
US4601461035	Purchase	427	57.49
US4601461035	Purchase	294	57.81
US4601461035	Purchase	256	57.93
US4601461035	Purchase	81	57.92
US4601461035	Sale	414	57.76
US4601461035	Purchase	30	57.59
US4601461035	Purchase	8	58.05
US4601461035	Purchase	60	57.82
US4601461035	Purchase	1,082	57.94
US4601461035	Purchase	188	57.96
US4601461035	Purchase	30	57.97
US4601461035	Purchase	378	58.02
US4601461035	Purchase	169	58.18
US4601461035	Purchase	34	57.85
US4601461035	Purchase	14	58.17
US4601461035	Purchase	700	57.98
US4601461035	Purchase	2	58.22
US4601461035	Purchase	4,684	58.01
US4601461035	Purchase	42	58.14
US4601461035	Purchase	30	58.06
US4601461035	Purchase	123	58.07
US4601461035	Purchase	400	58.10
US4601461035	Purchase	244	57.86
US4601461035	Sale	34	57.86
US4601461035	Purchase	401	57.99
US4601461035	Purchase	110	57.88
US4601461035	Purchase	392	58.12
US4601461035	Purchase	18	58.21
US4601461035	Purchase	110	57.89
US4601461035	Purchase	109	58.19
US4601461035	Purchase	509	57.79
US4601461035	Sale	531	57.78
US4601461035	Sale	104	57.67
US4601461035	Purchase	319	57.70
US4601461035	Sale	10,178	57.70
US4601461035	Sale	559	57.48
US4601461035	Sale	263	57.51
US4601461035	Sale	4,965	58.00
US4601461035	Sale	100	57.42
US4601461035	Sale	8	57.37
US4601461035	Sale	2,934	57.39
US4601461035	Sale	814	57.64
US4601461035	Sale	4,115	57.41
US4601461035	Sale	1,605	57.45
US4601461035	Sale	1,579	57.61
US4601461035	Sale	14,039	57.62
US4601461035	Sale	202	57.52
US4601461035	Sale	994	57.44
US4601461035	Sale	200	57.50
US4601461035	Sale	450	57.55
US4601461035	Sale	1,997	57.54
US4601461035	Sale	15,225	57.63
US4601461035	Sale	138	57.71
US4601461035	Sale	20	57.95
US4601461035	Sale	124	57.65
US4601461035	Sale	9,752	57.69
US4601461035	Sale	7,793	57.90
US4601461035	Sale	1,597	58.03
US4601461035	Sale	124	58.15
US4601461035	Sale	368	57.73
US4601461035	Sale	2,833	57.57
US4601461035	Sale	540	57.74
US4601461035	Sale	252	57.43
US4601461035	Sale	1,237	57.60
US4601461035	Sale	51	57.40
US4601461035	Sale	21	57.72
US4601461035	Sale	103	57.36
US4601461035	Sale	1	57.80
US4601461035	Sale	1,523	57.91
US4601461035	Sale	100	57.75
US4601461035	Sale	852	57.93
US4601461035	Sale	9,935	57.92
US4601461035	Sale	300	58.04
US4601461035	Sale	22	57.59
US4601461035	Sale	41	57.82
US4601461035	Sale	8,419	57.94
US4601461035	Sale	2,226	58.09
US4601461035	Sale	4,763	57.97
US4601461035	Sale	117	58.08
US4601461035	Sale	41	58.02
US4601461035	Sale	100	58.17
US4601461035	Sale	100	57.98
US4601461035	Sale	100	58.22
US4601461035	Sale	2,935	58.01
US4601461035	Sale	3,787	58.14
US4601461035	Sale	298	58.10
US4601461035	Sale	405	57.99
US4601461035	Purchase	200	57.78
US4601461035	Sale	8	57.78
US4601461035	Purchase	263	57.67
US4601461035	Sale	11	57.67
US4601461035	Purchase	24,250	57.70
US4601461035	Sale	11,090	57.70
US4601461035	Sale	171	57.48
US4601461035	Purchase	5	57.58
US4601461035	Purchase	20	57.42
US4601461035	Sale	305	57.56
US4601461035	Purchase	12	57.37
US4601461035	Purchase	15	57.39
US4601461035	Purchase	327	57.64
US4601461035	Purchase	180	57.41
US4601461035	Sale	4	57.41
US4601461035	Purchase	32	57.45
US4601461035	Purchase	33	57.61
US4601461035	Purchase	472	57.62
US4601461035	Purchase	100	57.47
US4601461035	Purchase	12	57.44
US4601461035	Purchase	1	57.55
US4601461035	Purchase	222	57.63
US4601461035	Sale	3	57.63
US4601461035	Purchase	62	57.84
US4601461035	Sale	3	57.84
US4601461035	Purchase	2,697	57.71
US4601461035	Sale	92	57.71
US4601461035	Purchase	3	57.95
US4601461035	Purchase	150	57.65
US4601461035	Purchase	332	57.69
US4601461035	Purchase	42	57.90
US4601461035	Sale	41	57.90
US4601461035	Purchase	52	58.03
US4601461035	Sale	14	58.03
US4601461035	Sale	10	58.15
US4601461035	Purchase	105	57.73
US4601461035	Purchase	35	57.57
US4601461035	Sale	1,021	57.57
US4601461035	Purchase	276	57.74
US4601461035	Purchase	53	57.68
US4601461035	Sale	85	57.68
US4601461035	Purchase	8	57.43
US4601461035	Purchase	23	57.60
US4601461035	Purchase	2	57.87
US4601461035	Purchase	102	57.72
US4601461035	Sale	2,028	57.72
US4601461035	Purchase	16	57.80
US4601461035	Purchase	305	57.75
US4601461035	Sale	305	57.75
US4601461035	Sale	4,483	57.49
US4601461035	Purchase	311	57.81
US4601461035	Purchase	48	57.93
US4601461035	Purchase	197	57.92
US4601461035	Purchase	9	58.04
US4601461035	Purchase	29	57.76
US4601461035	Sale	14	57.76
US4601461035	Purchase	9	57.83
US4601461035	Sale	116	57.83
US4601461035	Purchase	32	57.59
US4601461035	Sale	44	57.59
US4601461035	Sale	16	58.05
US4601461035	Purchase	92	57.94
US4601461035	Sale	522	58.09
US4601461035	Purchase	66	57.97
US4601461035	Sale	919	58.08
US4601461035	Sale	2	58.02
US4601461035	Purchase	155	57.85
US4601461035	Purchase	41	57.66
US4601461035	Purchase	36	57.98
US4601461035	Sale	14	58.14
US4601461035	Purchase	15	58.06
US4601461035	Sale	100	58.06
US4601461035	Sale	5	58.07
US4601461035	Sale	2	58.10
US4601461035	Purchase	111	57.86
US4601461035	Sale	2	57.99
US4601461035	Purchase	728	57.88
US4601461035	Sale	501	57.88
US4601461035	Sale	10	58.21
US4601461035	Purchase	562	57.89
US4601461035	Purchase	5	58.19
US4601461035	Sale	11	58.19
US4601461035	Purchase	649	57.79
US4601461035	Sale	521	57.79
US4601461035	Sale	493	58.11
US4601461035	Sale	38	58.16
US4601461035	Purchase	15	57.77
US4601461035	Purchase	9,227	57.78
US4601461035	Purchase	1,004	57.67
US4601461035	Purchase	52,754	57.70
US4601461035	Sale	1,116	57.70
US4601461035	Purchase	100	57.48
US4601461035	Purchase	1,947	57.51
US4601461035	Purchase	1,798	57.58
US4601461035	Purchase	1,048	58.00
US4601461035	Sale	1,016	58.00
US4601461035	Purchase	102	57.42
US4601461035	Purchase	9,813	57.56
US4601461035	Purchase	8,727	57.64
US4601461035	Purchase	620	57.41
US4601461035	Purchase	1	57.45
US4601461035	Purchase	1,313	57.61
US4601461035	Purchase	1,727	57.62
US4601461035	Purchase	703	57.47
US4601461035	Purchase	1,051	57.52
US4601461035	Sale	142	57.52
US4601461035	Purchase	158	57.44
US4601461035	Purchase	8	57.46
US4601461035	Purchase	1,982	57.50
US4601461035	Purchase	998	57.55
US4601461035	Purchase	297	57.54
US4601461035	Purchase	6,295	57.63
US4601461035	Purchase	100	57.84
US4601461035	Purchase	5,319	57.71
US4601461035	Purchase	1,342	57.53
US4601461035	Purchase	539	57.65
US4601461035	Purchase	1,200	57.69
US4601461035	Purchase	800	57.90
US4601461035	Purchase	753	58.03
US4601461035	Purchase	1,497	58.15
US4601461035	Purchase	1,727	57.73
US4601461035	Purchase	1,105	57.57
US4601461035	Purchase	854	57.74
US4601461035	Purchase	155	57.68
US4601461035	Purchase	2	58.20
US4601461035	Purchase	6,880	57.60
US4601461035	Purchase	2,200	57.87
US4601461035	Purchase	1,777	57.72
US4601461035	Purchase	2,402	57.80
US4601461035	Purchase	886	57.91
US4601461035	Purchase	3,400	57.75
US4601461035	Purchase	627	57.49
US4601461035	Purchase	444	57.81
US4601461035	Sale	142	57.81
US4601461035	Purchase	898	57.93
US4601461035	Purchase	900	57.92
US4601461035	Purchase	2,565	58.04
US4601461035	Purchase	47	57.83
US4601461035	Purchase	1,729	57.59
US4601461035	Purchase	1,628	58.05
US4601461035	Purchase	100	57.82
US4601461035	Purchase	500	57.96
US4601461035	Purchase	4,096	58.09
US4601461035	Purchase	5,194	57.97
US4601461035	Purchase	2,859	58.08
US4601461035	Purchase	2,218	58.02
US4601461035	Purchase	387	57.85
US4601461035	Purchase	120	57.66
US4601461035	Purchase	1,589	58.17
US4601461035	Purchase	2,083	57.98
US4601461035	Purchase	100	58.22
US4601461035	Purchase	1,167	58.01
US4601461035	Purchase	4,883	58.14
US4601461035	Purchase	1,652	58.06
US4601461035	Purchase	1,524	58.07
US4601461035	Purchase	2,801	58.10
US4601461035	Purchase	110	57.99
US4601461035	Purchase	1,220	57.88
US4601461035	Sale	1,016	57.88
US4601461035	Purchase	3,774	58.12
US4601461035	Purchase	95	58.21
US4601461035	Purchase	225	58.13
US4601461035	Purchase	95	58.19
US4601461035	Purchase	1,263	57.79
US4601461035	Purchase	5,867	58.11
US4601461035	Purchase	655	58.16
US4601461035	Sale	1	57.35
US4601461035	Purchase	1,134	58.03
US4601461035	Purchase	371	58.05
US4601461035	Purchase	700	58.09
US4601461035	Purchase	612	58.02
US4601461035	Purchase	1,100	58.01
US4601461035	Purchase	220	58.06
US4601461035	Purchase	761	58.07
US4601461035	Purchase	1,113	57.70
US4601461035	Sale	1,113	57.70
US4601461035	Sale	600	57.70
US4601461035	Purchase	17	57.47
US4601461035	Sale	1,250	57.63
US4601461035	Purchase	114	57.84
US4601461035	Sale	13,137	57.84
US4601461035	Purchase	1,446	57.71
US4601461035	Sale	46	57.95
US4601461035	Purchase	529	57.73
US4601461035	Purchase	47	57.68
US4601461035	Purchase	129	57.60
US4601461035	Sale	681	57.87
US4601461035	Sale	2,551	57.82
US4601461035	Sale	114	57.89

(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	1927	45.62 GBP
US4601461035	Equity Swap	Reducing a long position	186	57.74 USD
US4601461035	Equity Swap	Reducing a long position	224	57.74 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	1,300	57.50	American	17/01/2025	1.89

(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:	19^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	5,100	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: 1261947

Time of Receipt (offset from UTC): 20241119T151910+0000