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 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:	4,566,265	1.315%	1,678,564	0.483%
(2) Cash-settled derivatives:	2,226	0.001%	900,966	0.259%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	131,400	0.038%
TOTAL:	4,581,091	1.319%	2,710,930	0.781%

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	5	59.32
US4601461035	Purchase	200	59.83
US4601461035	Purchase	3	59.55
US4601461035	Purchase	100	59.67
US4601461035	Purchase	301	59.56
US4601461035	Purchase	11,304	59.57
US4601461035	Sale	4,098	59.57
US4601461035	Purchase	100	59.35
US4601461035	Purchase	100	59.28
US4601461035	Purchase	2,334	59.54
US4601461035	Purchase	100	59.68
US4601461035	Purchase	1,986	59.53
US4601461035	Purchase	345	59.51
US4601461035	Purchase	300	59.46
US4601461035	Purchase	100	60.26
US4601461035	Purchase	237	59.71
US4601461035	Purchase	28	59.62
US4601461035	Purchase	3,412	59.57
US4601461035	Purchase	453	59.55
US4601461035	Purchase	1,306	59.78
US4601461035	Purchase	1,300	59.50
US4601461035	Purchase	629	59.79
US4601461035	Purchase	90	59.91
US4601461035	Purchase	2,095	59.56
US4601461035	Purchase	4,183	59.57
US4601461035	Sale	984	59.57
US4601461035	Purchase	200	60.00
US4601461035	Purchase	100	59.64
US4601461035	Purchase	204	59.39
US4601461035	Purchase	191	59.88
US4601461035	Purchase	1	59.70
US4601461035	Purchase	27	59.72
US4601461035	Purchase	114	59.73
US4601461035	Purchase	2,565	59.63
US4601461035	Purchase	710	59.81
US4601461035	Purchase	332	59.34
US4601461035	Purchase	5	59.37
US4601461035	Purchase	1	59.26
US4601461035	Purchase	518	59.35
US4601461035	Purchase	1	59.29
US4601461035	Purchase	300	59.40
US4601461035	Purchase	1,755	59.47
US4601461035	Purchase	52	59.92
US4601461035	Purchase	589	59.28
US4601461035	Purchase	642	59.94
US4601461035	Purchase	1,937	59.54
US4601461035	Purchase	596	59.53
US4601461035	Purchase	311	59.49
US4601461035	Purchase	467	59.52
US4601461035	Purchase	38	59.36
US4601461035	Purchase	576	59.46
US4601461035	Purchase	2	59.44
US4601461035	Purchase	3,800	59.61
US4601461035	Sale	587	59.55
US4601461035	Purchase	32	59.91
US4601461035	Purchase	26	59.57
US4601461035	Purchase	530	59.81
US4601461035	Purchase	5,336	59.58
US4601461035	Sale	5,336	59.58
US4601461035	Purchase	62	60.21
US4601461035	Purchase	500	59.80
US4601461035	Purchase	18	60.22
US4601461035	Purchase	15	60.15
US4601461035	Purchase	5,336	60.12
US4601461035	Purchase	16	60.07
US4601461035	Sale	3	59.68
US4601461035	Sale	5	59.66
US4601461035	Purchase	6,129	59.83
US4601461035	Sale	28	59.55
US4601461035	Sale	1	59.50
US4601461035	Sale	2	59.67
US4601461035	Purchase	547	59.56
US4601461035	Sale	548	59.56
US4601461035	Purchase	49,368	59.57
US4601461035	Sale	6	59.57
US4601461035	Purchase	3,002	60.00
US4601461035	Sale	9	59.64
US4601461035	Sale	15	59.70
US4601461035	Purchase	174	59.85
US4601461035	Sale	6	59.63
US4601461035	Purchase	175	59.37
US4601461035	Purchase	14,394	59.61
US4601461035	Sale	14,436	59.61
US4601461035	Purchase	1	59.82
US4601461035	Sale	1,548	59.58
US4601461035	Purchase	2	59.38
US4601461035	Purchase	20	59.80
US4601461035	Sale	5	59.60
US4601461035	Sale	953	59.54
US4601461035	Purchase	120	60.20
US4601461035	Sale	17	59.53
US4601461035	Purchase	1	60.09
US4601461035	Purchase	10	59.46
US4601461035	Sale	1	59.44
US4601461035	Sale	11	59.74
US4601461035	Purchase	6,044	60.04
US4601461035	Purchase	105	60.11
US4601461035	Purchase	1	59.31
US4601461035	Purchase	2	59.43
US4601461035	Sale	2	59.43
US4601461035	Purchase	1	59.41
US4601461035	Sale	1	59.48
US4601461035	Purchase	111	59.97
US4601461035	Purchase	100	60.03
US4601461035	Purchase	68	59.62
US4601461035	Sale	143	59.59
US4601461035	Purchase	984	59.57
US4601461035	Sale	257	59.57
US4601461035	Sale	27	60.16
US4601461035	Sale	100	60.19
US4601461035	Sale	300	60.08
US4601461035	Sale	300	60.23
US4601461035	Purchase	3	59.32
US4601461035	Sale	49	59.32
US4601461035	Sale	27	59.83
US4601461035	Purchase	419	59.55
US4601461035	Sale	196	59.55
US4601461035	Purchase	4	59.78
US4601461035	Purchase	1	59.50
US4601461035	Sale	107	59.50
US4601461035	Purchase	29	59.67
US4601461035	Sale	129	59.79
US4601461035	Purchase	9,950	59.56
US4601461035	Sale	7,880	59.56
US4601461035	Purchase	12,684	59.57
US4601461035	Sale	6,038	59.57
US4601461035	Purchase	211	60.16
US4601461035	Sale	3,012	60.00
US4601461035	Sale	20	59.64
US4601461035	Purchase	19	59.39
US4601461035	Sale	14	59.70
US4601461035	Purchase	38	60.19
US4601461035	Purchase	68	59.73
US4601461035	Purchase	10	59.33
US4601461035	Sale	200	59.33
US4601461035	Sale	64	60.05
US4601461035	Sale	84	59.85
US4601461035	Purchase	262	59.63
US4601461035	Sale	310	59.63
US4601461035	Purchase	3	59.81
US4601461035	Sale	2	59.34
US4601461035	Purchase	13	59.37
US4601461035	Sale	97	59.37
US4601461035	Purchase	1	59.84
US4601461035	Purchase	66	59.35
US4601461035	Sale	36	59.35
US4601461035	Purchase	99	59.61
US4601461035	Sale	2	59.61
US4601461035	Purchase	66	59.82
US4601461035	Sale	260	59.82
US4601461035	Purchase	1	59.90
US4601461035	Purchase	6	59.29
US4601461035	Purchase	4	59.58
US4601461035	Sale	101	59.58
US4601461035	Purchase	17	59.38
US4601461035	Sale	2	59.38
US4601461035	Purchase	6	59.40
US4601461035	Sale	126	59.40
US4601461035	Purchase	2	59.80
US4601461035	Purchase	2	59.60
US4601461035	Sale	169	59.60
US4601461035	Purchase	44	60.22
US4601461035	Purchase	2	60.15
US4601461035	Sale	185	60.15
US4601461035	Sale	42	59.47
US4601461035	Sale	1	59.28
US4601461035	Purchase	269	59.94
US4601461035	Sale	278	59.54
US4601461035	Sale	30	59.75
US4601461035	Purchase	5	59.87
US4601461035	Purchase	216	59.68
US4601461035	Sale	37	59.68
US4601461035	Purchase	4	59.22
US4601461035	Purchase	5	59.66
US4601461035	Sale	12	59.66
US4601461035	Purchase	6	59.53
US4601461035	Sale	45	59.53
US4601461035	Sale	1	59.49
US4601461035	Sale	1,055	59.52
US4601461035	Sale	19	59.51
US4601461035	Purchase	1	60.23
US4601461035	Sale	1	60.23
US4601461035	Purchase	112	59.36
US4601461035	Sale	76	59.36
US4601461035	Purchase	1	59.46
US4601461035	Sale	104	59.44
US4601461035	Purchase	467	59.74
US4601461035	Sale	60	59.74
US4601461035	Sale	51	60.04
US4601461035	Sale	3	59.45
US4601461035	Purchase	136	59.25
US4601461035	Sale	2	59.31
US4601461035	Sale	2	59.65
US4601461035	Purchase	47	59.43
US4601461035	Sale	50	59.43
US4601461035	Purchase	6	59.21
US4601461035	Purchase	4	59.89
US4601461035	Sale	63	59.89
US4601461035	Purchase	8	59.27
US4601461035	Purchase	12	59.41
US4601461035	Sale	25	59.41
US4601461035	Purchase	16	59.48
US4601461035	Sale	15	59.48
US4601461035	Purchase	38	60.13
US4601461035	Purchase	2	60.33
US4601461035	Purchase	12	59.30
US4601461035	Sale	7	59.30
US4601461035	Purchase	2	60.03
US4601461035	Purchase	5	59.71
US4601461035	Sale	38	59.62
US4601461035	Sale	4,771	59.98
US4601461035	Purchase	276	59.59
US4601461035	Sale	161	59.59
US4601461035	Purchase	412	59.69
US4601461035	Sale	99	59.69
US4601461035	Purchase	6	59.19
US4601461035	Purchase	60	59.24
US4601461035	Purchase	349	59.83
US4601461035	Sale	5,636	59.83
US4601461035	Purchase	378	59.55
US4601461035	Purchase	77	59.67
US4601461035	Sale	9	59.79
US4601461035	Purchase	4,771	59.56
US4601461035	Sale	2,571	59.56
US4601461035	Purchase	229	59.57
US4601461035	Sale	512	59.57
US4601461035	Purchase	100	60.16
US4601461035	Sale	56	60.16
US4601461035	Purchase	10	60.00
US4601461035	Purchase	415	59.88
US4601461035	Purchase	100	60.19
US4601461035	Sale	2,551	59.72
US4601461035	Purchase	90	59.73
US4601461035	Sale	750	59.73
US4601461035	Purchase	400	59.42
US4601461035	Sale	1	59.85
US4601461035	Purchase	1,100	59.63
US4601461035	Sale	1,100	59.63
US4601461035	Purchase	200	59.34
US4601461035	Purchase	7	59.37
US4601461035	Purchase	718	59.84
US4601461035	Purchase	300	59.35
US4601461035	Purchase	13,642	59.61
US4601461035	Sale	13,595	59.61
US4601461035	Purchase	1,642	59.58
US4601461035	Sale	121	59.58
US4601461035	Purchase	65	59.76
US4601461035	Sale	6,135	59.76
US4601461035	Purchase	307	59.38
US4601461035	Purchase	17	59.60
US4601461035	Purchase	108	60.15
US4601461035	Purchase	2	59.28
US4601461035	Purchase	928	59.54
US4601461035	Purchase	100	60.14
US4601461035	Purchase	100	59.68
US4601461035	Sale	13	60.20
US4601461035	Purchase	1,300	59.53
US4601461035	Sale	100	59.53
US4601461035	Purchase	72	59.49
US4601461035	Purchase	5,055	59.52
US4601461035	Sale	1	60.23
US4601461035	Sale	19	59.36
US4601461035	Sale	7,000	59.74
US4601461035	Purchase	145	59.43
US4601461035	Purchase	5	59.41
US4601461035	Purchase	125	59.97
US4601461035	Sale	400	59.71
US4601461035	Purchase	52	59.62
US4601461035	Sale	100	59.59
US4601461035	Purchase	200	59.69
US4601461035	Purchase	200	60.10
US4601461035	Sale	9,080	60.10
US4601461035	Purchase	22	59.77
US4601461035	Purchase	2,471	59.96
US4601461035	Sale	3,412	59.57
US4601461035	Purchase	880	59.50
US4601461035	Purchase	1,110	59.57
US4601461035	Purchase	681	59.64
US4601461035	Purchase	9	59.34
US4601461035	Purchase	16	59.58
US4601461035	Purchase	73	59.47
US4601461035	Purchase	60	59.54
US4601461035	Purchase	47	59.49
US4601461035	Purchase	10	59.45
US4601461035	Purchase	100	59.69
US4601461035	Sale	50	59.57
US4601461035	Sale	2,600	59.57
US4601461035	Sale	152	59.55
US4601461035	Sale	391	59.67
US4601461035	Purchase	18	59.79
US4601461035	Purchase	3	59.57
US4601461035	Purchase	349	59.64
US4601461035	Purchase	61	59.63
US4601461035	Sale	116	59.61
US4601461035	Sale	884	59.58
US4601461035	Purchase	1	59.76
US4601461035	Sale	569	59.92
US4601461035	Purchase	10	59.54
US4601461035	Sale	2	59.54
US4601461035	Purchase	6	60.12
US4601461035	Purchase	38	59.22
US4601461035	Purchase	14	59.53
US4601461035	Purchase	728	59.49

(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	442	59.57 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	1,500	57.50	American	17/01/2025	1.25

(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 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	12,200	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: 1263323

Time of Receipt (offset from UTC): 20241126T153131+0000