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:	Qube Research & Technologies Limited
(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	05-12-2024
(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 - DS Smith 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
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0.0	6,723,273	1.93
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	10,400	0.003	9,100	0.002
TOTAL:	10,400	0.003	6,732,373	1.933

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:	0
Details, including nature of the rights concerned and relevant percentages:	0

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)
Common Stock	Sale	18	56.98
Common Stock	Sale	20	57.32
Common Stock	Sale	100	56.88
Common Stock	Sale	200	57.20
Common Stock	Sale	295	57.31
Common Stock	Sale	669	57.17
Common Stock	Sale	2000	56.71
Common Stock	Purchase	1	57.11
Common Stock	Purchase	1	57.27
Common Stock	Purchase	9	57.26
Common Stock	Purchase	12	56.94
Common Stock	Purchase	12	57.13
Common Stock	Purchase	35	57.05
Common Stock	Purchase	40	56.91
Common Stock	Purchase	40	57.19
Common Stock	Purchase	50	56.84
Common Stock	Purchase	55	56.91
Common Stock	Purchase	56	57.08
Common Stock	Purchase	65	57.01
Common Stock	Purchase	88	57.41
Common Stock	Purchase	100	56.87
Common Stock	Purchase	100	56.88
Common Stock	Purchase	100	56.88
Common Stock	Purchase	100	57.09
Common Stock	Purchase	100	57.23
Common Stock	Purchase	100	57.34
Common Stock	Purchase	116	57.17
Common Stock	Purchase	121	56.62
Common Stock	Purchase	130	56.73
Common Stock	Purchase	130	57.16
Common Stock	Purchase	139	57.14
Common Stock	Purchase	142	57.24
Common Stock	Purchase	177	57.28
Common Stock	Purchase	183	56.90
Common Stock	Purchase	192	56.77
Common Stock	Purchase	235	57.22
Common Stock	Purchase	240	56.76
Common Stock	Purchase	266	57.21
Common Stock	Purchase	289	56.98
Common Stock	Purchase	312	57.09
Common Stock	Purchase	383	57.23
Common Stock	Purchase	385	56.79
Common Stock	Purchase	393	56.95
Common Stock	Purchase	415	57.12
Common Stock	Purchase	431	57.03
Common Stock	Purchase	460	57.07
Common Stock	Purchase	501	56.99
Common Stock	Purchase	548	57.19
Common Stock	Purchase	551	56.75
Common Stock	Purchase	566	57.29
Common Stock	Purchase	567	56.68
Common Stock	Purchase	616	57.15
Common Stock	Purchase	649	56.98
Common Stock	Purchase	659	56.73
Common Stock	Purchase	726	56.92
Common Stock	Purchase	735	57.18
Common Stock	Purchase	742	56.67
Common Stock	Purchase	783	56.80
Common Stock	Purchase	786	56.82
Common Stock	Purchase	858	56.65
Common Stock	Purchase	883	56.96
Common Stock	Purchase	913	57.01
Common Stock	Purchase	924	56.85
Common Stock	Purchase	943	56.70
Common Stock	Purchase	1000	56.86
Common Stock	Purchase	1006	57.02
Common Stock	Purchase	1029	57.04
Common Stock	Purchase	1121	56.84
Common Stock	Purchase	1124	56.87
Common Stock	Purchase	1319	56.97
Common Stock	Purchase	1387	56.93
Common Stock	Purchase	1419	56.68
Common Stock	Purchase	1420	56.63
Common Stock	Purchase	1505	56.74
Common Stock	Purchase	1554	56.81
Common Stock	Purchase	1576	56.66
Common Stock	Purchase	1635	56.69
Common Stock	Purchase	1715	56.76
Common Stock	Purchase	1734	56.83
Common Stock	Purchase	1763	56.90
Common Stock	Purchase	1815	56.91
Common Stock	Purchase	1843	57.20
Common Stock	Purchase	1860	57.30
Common Stock	Purchase	1867	56.72
Common Stock	Purchase	1906	57.06
Common Stock	Purchase	1964	56.78
Common Stock	Purchase	2026	56.79
Common Stock	Purchase	2069	56.73
Common Stock	Purchase	2069	56.89
Common Stock	Purchase	2263	56.80
Common Stock	Purchase	2271	56.75
Common Stock	Purchase	2429	56.94
Common Stock	Purchase	2703	56.64
Common Stock	Purchase	3235	57.05
Common Stock	Purchase	3465	56.88
Common Stock	Purchase	4775	56.77
Common Stock	Purchase	8628	57.10
Common Stock	Purchase	10873	57.00
Common Stock	Purchase	87772	56.71

(b) Cash-settled derivative transactions

Class of relevant security

Product description e.g. call option

Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of securities

Exercise price per unit (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

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
0	0	0	0	0

(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)
0	0	0	0

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:	06-12-2024
Contact name:	Janice Falcao
Telephone number:	00442033140679

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

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.

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:	Qube Research & Technologies Limited
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	Type e.g. American, European etc.	Expiry date
Common Stock	Put Option IP US 12/20/24 P57.5 Equity	Purchase	3,200	USD 57.5	American	12/20/24
Common Stock	Call Option IP US 06/20/25 C52.5 Equity	Purchase	2,000	USD 52.5	American	06/20/25
Common Stock	Call Option IP US 04/17/25 C47.5 Equity	Purchase	1,000	USD 47.5	American	04/17/25
Common Stock	Call Option IP US 10/17/25 C42.5 Equity	Purchase	700	USD 42.5	American	10/17/25
Common Stock	Call Option IP US 04/17/25 C52.5 Equity	Purchase	600	USD 52.5	American	04/17/25
Common Stock	Call Option IP US 09/19/25 C42.5 Equity	Purchase	600	USD 42.5	American	09/19/25
Common Stock	Call Option IP US 10/17/25 C55 Equity	Purchase	500	USD 55	American	10/17/25
Common Stock	Call Option IP US 01/16/26 C50 Equity	Purchase	500	USD 50	American	01/16/26
Common Stock	Call Option IP US 01/16/26 C60 Equity	Purchase	300	USD 60	American	01/16/26
Common Stock	Call Option IP US 06/20/25 C50 Equity	Purchase	300	USD 50	American	06/20/25
Common Stock	Call Option IP US 12/20/24 C50 Equity	Purchase	300	USD 50	American	12/20/24
Common Stock	Call Option IP US 01/17/25 C47.5 Equity	Purchase	200	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 04/17/25 C50 Equity	Purchase	200	USD 50	American	04/17/25
Common Stock	Call Option IP US 01/17/25 C60 Equity	Written	300	USD 60	American	01/17/25
Common Stock	Put Option IP US 04/17/25 P45 Equity	Written	300	USD 45	American	04/17/25
Common Stock	Put Option IP US 01/17/25 P47.5 Equity	Written	400	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 01/17/25 C55 Equity	Written	500	USD 55	American	01/17/25
Common Stock	Call Option IP US 12/20/24 C55 Equity	Written	600	USD 55	American	12/20/24
Common Stock	Put Option IP US 04/17/25 P47.5 Equity	Written	2,400	USD 47.5	American	04/17/25
Common Stock	Put Option IP US 01/16/26 P42.5 Equity	Written	4,600	USD 42.5	American	01/16/26

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: 1265388

Time of Receipt (offset from UTC): 20241206T145012+0000