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	09^th December 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:	4,814,676	1.386%	2,438,907	0.702%
(2) Cash-settled derivatives:	18,696	0.005%	904,564	0.260%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	144,100	0.041%
TOTAL:	4,845,972	1.395%	3,487,571	1.004%

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	7,396	55.78
US4601461035	Sale	7,436	55.78
US4601461035	Purchase	40	55.75
US4601461035	Sale	66	56.74
US4601461035	Sale	11,635	55.95
US4601461035	Sale	1,256	56.00
US4601461035	Sale	10,782	55.92
US4601461035	Sale	9	56.72
US4601461035	Sale	1,039	55.82
US4601461035	Sale	228	55.87
US4601461035	Sale	6	56.02
US4601461035	Purchase	400	55.78
US4601461035	Sale	2,301	55.78
US4601461035	Sale	9,223	55.74
US4601461035	Sale	364	55.71
US4601461035	Sale	20	56.01
US4601461035	Sale	100	56.04
US4601461035	Sale	2,036	55.93
US4601461035	Sale	1,400	55.91
US4601461035	Sale	3,019	55.96
US4601461035	Sale	122	56.03
US4601461035	Sale	5	55.90
US4601461035	Sale	593	55.85
US4601461035	Sale	1,250	55.79
US4601461035	Sale	3,076	55.77
US4601461035	Sale	6,037	55.75
US4601461035	Sale	250	55.99
US4601461035	Sale	6,506	55.94
US4601461035	Sale	6	56.55
US4601461035	Sale	206	55.98
US4601461035	Sale	3,851	55.88
US4601461035	Sale	1,001	55.97
US4601461035	Sale	5,030	55.73
US4601461035	Sale	308	55.84
US4601461035	Sale	2,423	55.72
US4601461035	Sale	345	55.86
US4601461035	Sale	3	56.64
US4601461035	Sale	477	55.69
US4601461035	Sale	7	56.50
US4601461035	Sale	696	55.80
US4601461035	Sale	200	55.83
US4601461035	Sale	1,900	55.89
US4601461035	Sale	1,084	55.81
US4601461035	Sale	1	56.63
US4601461035	Sale	1	56.47
US4601461035	Sale	4,284	55.76
US4601461035	Sale	5	56.14
US4601461035	Sale	187,606	55.78
US4601461035	Purchase	100	56.68
US4601461035	Purchase	1	57.03
US4601461035	Purchase	58	55.92
US4601461035	Purchase	114	56.13
US4601461035	Purchase	44	56.53
US4601461035	Purchase	100	55.87
US4601461035	Purchase	55	56.85
US4601461035	Purchase	200	56.02
US4601461035	Purchase	1,025	55.78
US4601461035	Sale	2,806	55.78
US4601461035	Purchase	169	55.74
US4601461035	Purchase	16	55.91
US4601461035	Purchase	100	55.96
US4601461035	Purchase	20	56.09
US4601461035	Purchase	724	55.85
US4601461035	Purchase	159	55.79
US4601461035	Purchase	695	55.77
US4601461035	Purchase	520	55.75
US4601461035	Purchase	15	56.70
US4601461035	Purchase	10	55.88
US4601461035	Purchase	404	56.15
US4601461035	Purchase	355	55.97
US4601461035	Purchase	177	55.73
US4601461035	Purchase	200	55.70
US4601461035	Purchase	533	55.72
US4601461035	Purchase	359	55.86
US4601461035	Purchase	120	55.69
US4601461035	Purchase	22	56.43
US4601461035	Purchase	546	56.07
US4601461035	Purchase	660	56.06
US4601461035	Purchase	230	55.80
US4601461035	Purchase	615	56.30
US4601461035	Purchase	123	55.83
US4601461035	Purchase	299	55.89
US4601461035	Purchase	45	56.05
US4601461035	Purchase	14	56.40
US4601461035	Purchase	100	56.61
US4601461035	Purchase	509	56.25
US4601461035	Purchase	100	55.67
US4601461035	Purchase	4,671	55.76
US4601461035	Sale	261,336	55.78
US4601461035	Purchase	400	55.78
US4601461035	Sale	400	55.78
US4601461035	Purchase	119	56.68
US4601461035	Purchase	184,126	55.78
US4601461035	Sale	2,627	55.78
US4601461035	Purchase	1	55.74
US4601461035	Sale	12	55.91
US4601461035	Purchase	1,745	55.77
US4601461035	Purchase	2	57.04
US4601461035	Purchase	6	56.70
US4601461035	Purchase	119	55.86
US4601461035	Purchase	2,751	55.69
US4601461035	Purchase	44	55.68
US4601461035	Purchase	62	55.67
US4601461035	Purchase	3,722	55.76
US4601461035	Sale	4,228	55.76
US4601461035	Sale	68	56.00
US4601461035	Sale	251	55.92
US4601461035	Purchase	2,806	55.78
US4601461035	Sale	1,177	55.78
US4601461035	Sale	162	55.71
US4601461035	Sale	91	56.01
US4601461035	Sale	92	55.93
US4601461035	Sale	232	55.91
US4601461035	Sale	138	55.96
US4601461035	Sale	278	55.90
US4601461035	Sale	217	55.88
US4601461035	Sale	100	55.97
US4601461035	Purchase	356	55.95
US4601461035	Sale	622	55.95
US4601461035	Purchase	283	56.00
US4601461035	Sale	14	56.00
US4601461035	Purchase	760	57.03
US4601461035	Purchase	307	55.92
US4601461035	Sale	23	55.92
US4601461035	Sale	6	56.72
US4601461035	Purchase	12	55.82
US4601461035	Sale	94	55.82
US4601461035	Purchase	2,004	55.87
US4601461035	Purchase	16	56.02
US4601461035	Purchase	100	57.06
US4601461035	Purchase	9,474	55.78
US4601461035	Sale	14,788	55.78
US4601461035	Purchase	29	55.74
US4601461035	Sale	342	55.74
US4601461035	Sale	568	55.71
US4601461035	Purchase	9	56.01
US4601461035	Sale	49	56.01
US4601461035	Purchase	38	56.04
US4601461035	Purchase	299	55.93
US4601461035	Sale	283	55.93
US4601461035	Purchase	22	55.91
US4601461035	Sale	93	55.91
US4601461035	Purchase	30	55.96
US4601461035	Sale	114	55.96
US4601461035	Purchase	1	56.03
US4601461035	Sale	173	56.03
US4601461035	Sale	53	56.83
US4601461035	Purchase	16	55.90
US4601461035	Sale	39	55.90
US4601461035	Purchase	4	55.85
US4601461035	Purchase	591	55.79
US4601461035	Sale	11,019	55.79
US4601461035	Purchase	1,359	55.77
US4601461035	Sale	104	57.09
US4601461035	Sale	1	56.69
US4601461035	Purchase	261	55.75
US4601461035	Purchase	116	55.99
US4601461035	Purchase	3	56.81
US4601461035	Purchase	110	55.94
US4601461035	Sale	323	55.94
US4601461035	Purchase	972	55.98
US4601461035	Sale	42	55.98
US4601461035	Sale	23	55.88
US4601461035	Purchase	170	55.97
US4601461035	Sale	83	55.97
US4601461035	Purchase	47	55.73
US4601461035	Sale	236	55.73
US4601461035	Purchase	140	55.84
US4601461035	Purchase	387	55.70
US4601461035	Sale	3	55.70
US4601461035	Purchase	4,444	55.72
US4601461035	Sale	536	55.72
US4601461035	Purchase	411	55.86
US4601461035	Sale	17	57.08
US4601461035	Purchase	340	57.13
US4601461035	Purchase	4	55.69
US4601461035	Sale	37	55.69
US4601461035	Sale	4	56.88
US4601461035	Sale	2	56.07
US4601461035	Purchase	1	56.06
US4601461035	Purchase	188	55.80
US4601461035	Sale	6	55.80
US4601461035	Purchase	122	55.83
US4601461035	Sale	13	56.80
US4601461035	Sale	124	56.08
US4601461035	Sale	27	56.51
US4601461035	Purchase	1,767	55.89
US4601461035	Sale	649	55.89
US4601461035	Purchase	30	56.05
US4601461035	Sale	617	56.05
US4601461035	Sale	3	56.71
US4601461035	Purchase	814	55.81
US4601461035	Sale	837	55.81
US4601461035	Sale	19	56.54
US4601461035	Sale	22	56.63
US4601461035	Sale	1	56.56
US4601461035	Sale	5	56.61
US4601461035	Purchase	829	55.76
US4601461035	Sale	626	55.76
US4601461035	Sale	3	56.57
US4601461035	Sale	154	56.11
US4601461035	Sale	182	55.66
US4601461035	Sale	184	55.64
US4601461035	Sale	449	55.95
US4601461035	Sale	176	56.00
US4601461035	Purchase	3	57.03
US4601461035	Sale	1,068	55.92
US4601461035	Sale	2,641	55.82
US4601461035	Sale	1,438	55.87
US4601461035	Sale	1	56.02
US4601461035	Purchase	261,336	55.78
US4601461035	Sale	52,277	55.78
US4601461035	Sale	43,295	55.74
US4601461035	Purchase	15	55.71
US4601461035	Sale	12,303	55.71
US4601461035	Sale	140	56.01
US4601461035	Sale	68	56.04
US4601461035	Sale	1,430	55.93
US4601461035	Sale	3,992	55.91
US4601461035	Sale	205	55.96
US4601461035	Sale	15	56.03
US4601461035	Sale	1,523	55.90
US4601461035	Sale	1,146	55.85
US4601461035	Sale	2,126	55.79
US4601461035	Sale	11,291	55.77
US4601461035	Sale	22,590	55.75
US4601461035	Sale	59	55.99
US4601461035	Sale	100	56.70
US4601461035	Sale	370	55.94
US4601461035	Sale	2,046	55.98
US4601461035	Sale	398	55.88
US4601461035	Sale	310	55.97
US4601461035	Sale	28,493	55.73
US4601461035	Sale	1,708	55.84
US4601461035	Sale	417	55.70
US4601461035	Purchase	2	55.72
US4601461035	Sale	12,297	55.72
US4601461035	Sale	603	55.86
US4601461035	Sale	2,777	55.69
US4601461035	Purchase	301	55.80
US4601461035	Sale	3,014	55.80
US4601461035	Purchase	1,126	55.83
US4601461035	Sale	3,281	55.83
US4601461035	Sale	200	56.51
US4601461035	Sale	1,074	55.89
US4601461035	Sale	24	55.68
US4601461035	Sale	3,541	55.81
US4601461035	Sale	416	55.67
US4601461035	Purchase	3,825	55.76
US4601461035	Sale	7,437	55.76
US4601461035	Sale	54	56.11
US4601461035	Sale	48	57.17
US4601461035	Sale	459	57.01
US4601461035	Sale	5	56.90
US4601461035	Sale	84	56.18
US4601461035	Sale	100	56.39
US4601461035	Sale	106	56.44
US4601461035	Sale	632	56.35
US4601461035	Sale	41	56.10
US4601461035	Sale	33	56.26
US4601461035	Sale	41	55.65
US4601461035	Purchase	497	55.78
US4601461035	Purchase	3,480	55.78
US4601461035	Purchase	89	55.78
US4601461035	Purchase	8,149	55.87
US4601461035	Sale	497	55.78
US4601461035	Sale	1,000	55.78
US4601461035	Sale	36	55.82
US4601461035	Sale	1,890	55.78
US4601461035	Purchase	76	55.90
US4601461035	Sale	959	55.85
US4601461035	Sale	53	55.79
US4601461035	Purchase	38	55.77
US4601461035	Purchase	39	55.75
US4601461035	Sale	215	55.98
US4601461035	Purchase	209	55.88
US4601461035	Purchase	38	55.73
US4601461035	Purchase	13	55.70
US4601461035	Purchase	1	55.72
US4601461035	Purchase	654	55.86
US4601461035	Sale	5	55.69
US4601461035	Sale	27	55.81

(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	531	55.97 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	56.00	American	24/01/2025	1.96

(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:	10^th December 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	21,200	57.50	American	17/01/2025
US4601461035	Put Option	Purchased	800	57.50	American	17/04/2025
US4601461035	Put Option	Purchased	2,900	56.00	American	24/01/2025

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: 1266480

Time of Receipt (offset from UTC): 20241210T151105+0000