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	19^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:	4,414,880	1.271%	1,633,395	0.470%
(2) Cash-settled derivatives:	5,702	0.002%	931,356	0.268%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	125,700	0.036%
TOTAL:	4,433,182	1.276%	2,690,451	0.775%

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	Purchase	324	56.90
US4601461035	Sale	324	57.84
US4601461035	Sale	86	57.84
US4601461035	Purchase	3,231	57.92
US4601461035	Purchase	741	57.89
US4601461035	Purchase	421	57.88
US4601461035	Purchase	493	57.64
US4601461035	Purchase	535	57.26
US4601461035	Purchase	1,421	57.31
US4601461035	Purchase	399	57.39
US4601461035	Purchase	153	57.84
US4601461035	Sale	9,300	57.84
US4601461035	Purchase	1,899	57.70
US4601461035	Purchase	380	57.15
US4601461035	Sale	10	57.15
US4601461035	Purchase	2,988	57.91
US4601461035	Purchase	58	57.74
US4601461035	Purchase	409	57.48
US4601461035	Purchase	1,802	57.72
US4601461035	Purchase	186	57.20
US4601461035	Purchase	322	56.92
US4601461035	Purchase	1,501	57.73
US4601461035	Sale	266	57.73
US4601461035	Purchase	1,221	57.30
US4601461035	Purchase	228	57.50
US4601461035	Purchase	100	57.07
US4601461035	Purchase	238	57.58
US4601461035	Purchase	681	57.18
US4601461035	Purchase	26	57.78
US4601461035	Purchase	55	57.53
US4601461035	Sale	10	57.05
US4601461035	Purchase	11	56.84
US4601461035	Purchase	112	56.88
US4601461035	Purchase	27	57.87
US4601461035	Purchase	180	57.85
US4601461035	Sale	593	57.85
US4601461035	Purchase	100	57.12
US4601461035	Purchase	139	57.75
US4601461035	Purchase	1,050	57.67
US4601461035	Purchase	1,668	57.69
US4601461035	Purchase	2,702	57.93
US4601461035	Purchase	2,064	57.94
US4601461035	Purchase	1,461	57.90
US4601461035	Purchase	154	57.62
US4601461035	Purchase	100	57.19
US4601461035	Purchase	1	57.52
US4601461035	Purchase	673	57.21
US4601461035	Purchase	891	57.29
US4601461035	Purchase	867	57.95
US4601461035	Purchase	439	57.16
US4601461035	Purchase	1,024	57.77
US4601461035	Purchase	11	56.93
US4601461035	Purchase	367	57.60
US4601461035	Purchase	372	57.35
US4601461035	Purchase	7	57.63
US4601461035	Purchase	800	57.82
US4601461035	Purchase	35	57.51
US4601461035	Purchase	354	57.96
US4601461035	Purchase	300	57.81
US4601461035	Purchase	46	57.41
US4601461035	Purchase	11	57.79
US4601461035	Purchase	100	57.00
US4601461035	Purchase	200	57.92
US4601461035	Purchase	53	57.88
US4601461035	Purchase	966	57.39
US4601461035	Purchase	1,462	57.84
US4601461035	Sale	95	57.84
US4601461035	Purchase	220	56.98
US4601461035	Purchase	1	57.70
US4601461035	Purchase	100	56.99
US4601461035	Purchase	117	57.91
US4601461035	Purchase	68	57.74
US4601461035	Purchase	1,394	57.20
US4601461035	Purchase	14	57.01
US4601461035	Purchase	10	56.95
US4601461035	Purchase	157	57.73
US4601461035	Purchase	778	57.13
US4601461035	Purchase	100	57.05
US4601461035	Purchase	100	56.84
US4601461035	Purchase	23,576	56.91
US4601461035	Purchase	100	56.96
US4601461035	Purchase	611	57.85
US4601461035	Purchase	100	57.10
US4601461035	Purchase	5	57.32
US4601461035	Purchase	203	57.67
US4601461035	Purchase	14	57.69
US4601461035	Purchase	100	57.94
US4601461035	Purchase	730	57.90
US4601461035	Purchase	130	56.97
US4601461035	Purchase	2	57.38
US4601461035	Purchase	100	57.19
US4601461035	Purchase	721	57.17
US4601461035	Purchase	125	57.95
US4601461035	Purchase	100	56.87
US4601461035	Purchase	545	57.60
US4601461035	Purchase	143	57.02
US4601461035	Purchase	400	57.35
US4601461035	Purchase	24,875	57.63
US4601461035	Sale	25,169	57.63
US4601461035	Purchase	10	57.76
US4601461035	Purchase	154	57.96
US4601461035	Purchase	8	57.36
US4601461035	Purchase	53	57.43
US4601461035	Purchase	400	57.59
US4601461035	Sale	3,544	57.44
US4601461035	Sale	321	57.00
US4601461035	Sale	837	57.49
US4601461035	Sale	362	57.08
US4601461035	Sale	328	57.92
US4601461035	Sale	4,719	57.89
US4601461035	Sale	52	56.83
US4601461035	Sale	407	57.42
US4601461035	Sale	2,566	57.88
US4601461035	Sale	2	57.14
US4601461035	Sale	4,024	57.86
US4601461035	Purchase	324	57.84
US4601461035	Sale	4,439	57.84
US4601461035	Sale	4	57.15
US4601461035	Sale	471	57.91
US4601461035	Sale	62	57.74
US4601461035	Sale	100	57.72
US4601461035	Sale	2,438	57.18
US4601461035	Sale	729	57.13
US4601461035	Sale	111	57.78
US4601461035	Sale	34	57.53
US4601461035	Sale	1,229	57.87
US4601461035	Sale	100	57.75
US4601461035	Sale	156	57.67
US4601461035	Sale	247	57.93
US4601461035	Sale	80	57.83
US4601461035	Sale	897	57.94
US4601461035	Sale	326	57.46
US4601461035	Sale	1,970	57.90
US4601461035	Sale	1,292	57.95
US4601461035	Sale	448	57.24
US4601461035	Sale	468	57.82
US4601461035	Sale	202	57.11
US4601461035	Sale	842	57.36
US4601461035	Sale	204	56.82
US4601461035	Purchase	2,021	56.90
US4601461035	Purchase	105	57.00
US4601461035	Purchase	75	57.08
US4601461035	Purchase	21	57.92
US4601461035	Sale	770	57.92
US4601461035	Sale	202	57.89
US4601461035	Purchase	11	56.83
US4601461035	Purchase	168	57.14
US4601461035	Sale	3	57.86
US4601461035	Purchase	713	57.84
US4601461035	Sale	14,049	57.84
US4601461035	Purchase	72	56.98
US4601461035	Purchase	99	56.99
US4601461035	Sale	2,107	57.91
US4601461035	Sale	19	57.48
US4601461035	Purchase	285	56.92
US4601461035	Purchase	88	57.01
US4601461035	Sale	59	57.01
US4601461035	Purchase	385	56.95
US4601461035	Purchase	1	57.07
US4601461035	Purchase	100	57.05
US4601461035	Purchase	3	56.84
US4601461035	Purchase	114	56.91
US4601461035	Purchase	60	56.88
US4601461035	Sale	20	56.88
US4601461035	Purchase	175	56.96
US4601461035	Purchase	286	57.85
US4601461035	Sale	376	57.85
US4601461035	Purchase	42	57.12
US4601461035	Sale	414	57.75
US4601461035	Purchase	5	57.06
US4601461035	Purchase	520	57.67
US4601461035	Sale	520	57.67
US4601461035	Sale	260	57.69
US4601461035	Sale	9	57.93
US4601461035	Purchase	6	57.83
US4601461035	Sale	9	57.83
US4601461035	Sale	1,306	57.94
US4601461035	Sale	49	57.46
US4601461035	Purchase	74	57.04
US4601461035	Sale	98	57.90
US4601461035	Sale	103	57.66
US4601461035	Purchase	27	56.97
US4601461035	Sale	103	56.97
US4601461035	Purchase	2	57.19
US4601461035	Sale	24	57.19
US4601461035	Purchase	3	56.81
US4601461035	Purchase	60	57.21
US4601461035	Sale	18	57.29
US4601461035	Sale	1,234	57.95
US4601461035	Purchase	65	56.87
US4601461035	Purchase	2	56.85
US4601461035	Purchase	40	57.16
US4601461035	Purchase	14	56.93
US4601461035	Sale	325	57.60
US4601461035	Purchase	2	57.02
US4601461035	Sale	143	57.02
US4601461035	Sale	291	57.76
US4601461035	Sale	11	57.34
US4601461035	Sale	5	57.82
US4601461035	Sale	4,061	57.51
US4601461035	Purchase	78	57.96
US4601461035	Sale	888	57.96
US4601461035	Purchase	17	57.79
US4601461035	Sale	55	57.79
US4601461035	Sale	19	57.68
US4601461035	Purchase	81	56.86
US4601461035	Sale	973	57.40
US4601461035	Sale	1	57.65
US4601461035	Purchase	2	56.79
US4601461035	Sale	14	57.55
US4601461035	Purchase	250	57.80
US4601461035	Sale	10	57.80
US4601461035	Purchase	26	56.94
US4601461035	Sale	12	57.27
US4601461035	Purchase	208	56.90
US4601461035	Sale	30	56.90
US4601461035	Purchase	200	57.00
US4601461035	Purchase	2,839	57.92
US4601461035	Purchase	10,029	57.89
US4601461035	Sale	262	57.89
US4601461035	Purchase	4,526	57.88
US4601461035	Sale	581	57.88
US4601461035	Purchase	100	57.14
US4601461035	Purchase	28,875	57.84
US4601461035	Sale	289	57.84
US4601461035	Purchase	361	56.98
US4601461035	Sale	12	56.98
US4601461035	Purchase	218	57.70
US4601461035	Purchase	1,305	57.91
US4601461035	Purchase	648	57.72
US4601461035	Purchase	184	57.20
US4601461035	Sale	5	56.92
US4601461035	Purchase	1,718	57.01
US4601461035	Sale	52	57.01
US4601461035	Purchase	786	57.73
US4601461035	Sale	34	57.07
US4601461035	Purchase	917	57.18
US4601461035	Purchase	600	57.78
US4601461035	Sale	23,576	56.91
US4601461035	Purchase	100	56.88
US4601461035	Purchase	6	56.96
US4601461035	Purchase	2,436	57.87
US4601461035	Purchase	238	57.85
US4601461035	Sale	27	57.85
US4601461035	Purchase	100	57.10
US4601461035	Purchase	155	57.75
US4601461035	Purchase	400	57.06
US4601461035	Purchase	1	57.56
US4601461035	Purchase	78	57.67
US4601461035	Sale	13	57.67
US4601461035	Purchase	463	57.69
US4601461035	Purchase	1,395	57.93
US4601461035	Purchase	934	57.94
US4601461035	Purchase	1	57.90
US4601461035	Purchase	2,461	57.66
US4601461035	Purchase	956	57.03
US4601461035	Purchase	100	56.97
US4601461035	Purchase	560	57.38
US4601461035	Purchase	23,276	57.62
US4601461035	Sale	23,276	57.62
US4601461035	Purchase	1,168	57.17
US4601461035	Sale	452	56.81
US4601461035	Purchase	312	57.21
US4601461035	Sale	699	57.21
US4601461035	Purchase	152	57.29
US4601461035	Purchase	1,810	57.95
US4601461035	Purchase	100	57.16
US4601461035	Purchase	26	57.77
US4601461035	Purchase	17	57.60
US4601461035	Purchase	13	57.02
US4601461035	Sale	9	57.02
US4601461035	Purchase	1,199	57.35
US4601461035	Purchase	3,431	57.63
US4601461035	Sale	300	57.63
US4601461035	Purchase	700	57.76
US4601461035	Purchase	1,585	57.34
US4601461035	Purchase	1,700	57.11
US4601461035	Purchase	445	57.96
US4601461035	Purchase	37	57.59
US4601461035	Purchase	203	57.79
US4601461035	Purchase	452	57.65
US4601461035	Sale	452	57.65
US4601461035	Sale	26	56.79
US4601461035	Purchase	30	57.55
US4601461035	Purchase	40	56.94
US4601461035	Purchase	100	57.47
US4601461035	Sale	36	57.09
US4601461035	Purchase	300	57.27
US4601461035	Purchase	500	57.45
US4601461035	Purchase	385	57.23
US4601461035	Purchase	501	57.97
US4601461035	Purchase	86	57.84
US4601461035	Sale	86	57.84
US4601461035	Purchase	1,004	57.42
US4601461035	Purchase	53	57.57
US4601461035	Purchase	2	57.39
US4601461035	Sale	2,557	57.84
US4601461035	Sale	38	57.91
US4601461035	Sale	481	57.74
US4601461035	Sale	233	57.58
US4601461035	Sale	1,713	57.71
US4601461035	Sale	364	57.85
US4601461035	Sale	975	57.56
US4601461035	Sale	38	57.67

(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	Reducing a long position	311	56.90 USD
US4601461035	Equity Swap	Increasing a short position	1285	45.07 GBP

(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	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:	20^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	6,500	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: 1261906

Time of Receipt (offset from UTC): 20241120T151633+0000