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	13^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:	4,883,459	1.406%	2,083,928	0.600%
(2) Cash-settled derivatives:	19,699	0.006%	907,134	0.261%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	149,200	0.043%
TOTAL:	4,915,758	1.415%	3,140,262	0.904%

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	21	54.91
US4601461035	Purchase	378	55.29
US4601461035	Purchase	20	54.93
US4601461035	Purchase	802	55.27
US4601461035	Purchase	1,606	55.33
US4601461035	Purchase	1,315	55.44
US4601461035	Purchase	189	55.30
US4601461035	Purchase	744	55.35
US4601461035	Purchase	43	55.25
US4601461035	Purchase	303	55.36
US4601461035	Purchase	7	55.53
US4601461035	Purchase	361	55.43
US4601461035	Purchase	287	55.26
US4601461035	Purchase	1,543	55.28
US4601461035	Purchase	20	55.42
US4601461035	Purchase	153	55.34
US4601461035	Sale	8,857	55.54
US4601461035	Purchase	2,662	55.31
US4601461035	Purchase	116	55.32
US4601461035	Purchase	48	55.01
US4601461035	Purchase	651	55.45
US4601461035	Purchase	32	55.40
US4601461035	Purchase	2,000	55.23
US4601461035	Purchase	350	55.24
US4601461035	Purchase	511	55.39
US4601461035	Purchase	115	54.96
US4601461035	Purchase	22	55.14
US4601461035	Purchase	16	55.41
US4601461035	Purchase	330	55.38
US4601461035	Purchase	56	54.89
US4601461035	Purchase	72	55.19
US4601461035	Purchase	298	55.37
US4601461035	Purchase	83	55.12
US4601461035	Purchase	33	55.13
US4601461035	Purchase	640	55.20
US4601461035	Purchase	147	55.16
US4601461035	Purchase	103	55.03
US4601461035	Purchase	3	55.48
US4601461035	Purchase	4	55.10
US4601461035	Purchase	4	55.11
US4601461035	Sale	304	54.91
US4601461035	Sale	123	54.93
US4601461035	Sale	127	54.95
US4601461035	Sale	124	54.92
US4601461035	Sale	23	55.30
US4601461035	Sale	3	55.21
US4601461035	Sale	55	55.25
US4601461035	Sale	77	55.26
US4601461035	Purchase	24,313	55.54
US4601461035	Sale	46	55.23
US4601461035	Sale	95	55.39
US4601461035	Sale	55	54.96
US4601461035	Sale	113	55.52
US4601461035	Sale	2	55.41
US4601461035	Sale	966	55.46
US4601461035	Sale	13,219	55.38
US4601461035	Sale	6	55.17
US4601461035	Sale	16	55.19
US4601461035	Sale	8	55.18
US4601461035	Sale	47	54.87
US4601461035	Sale	8,400	55.37
US4601461035	Sale	6	55.20
US4601461035	Sale	497	55.48
US4601461035	Sale	1	55.09
US4601461035	Purchase	151	54.86
US4601461035	Purchase	2,463	55.29
US4601461035	Purchase	226	55.27
US4601461035	Purchase	1,147	54.90
US4601461035	Purchase	14,025	55.33
US4601461035	Purchase	8,814	55.44
US4601461035	Purchase	1,400	55.02
US4601461035	Purchase	5,897	55.30
US4601461035	Purchase	7,348	55.35
US4601461035	Purchase	5,819	55.25
US4601461035	Purchase	3,912	55.36
US4601461035	Purchase	2,978	55.53
US4601461035	Purchase	21,546	55.43
US4601461035	Purchase	1,157	55.26
US4601461035	Purchase	1,147	55.47
US4601461035	Purchase	6,209	55.28
US4601461035	Purchase	2,193	55.42
US4601461035	Purchase	3,420	55.34
US4601461035	Purchase	60,528	55.54
US4601461035	Purchase	3,983	55.31
US4601461035	Purchase	2,560	55.32
US4601461035	Purchase	4,295	55.45
US4601461035	Purchase	6,151	55.40
US4601461035	Purchase	898	55.23
US4601461035	Purchase	300	55.24
US4601461035	Purchase	8,624	55.39
US4601461035	Purchase	300	55.51
US4601461035	Purchase	1,459	54.96
US4601461035	Purchase	1,834	55.50
US4601461035	Purchase	1,180	54.97
US4601461035	Purchase	200	55.14
US4601461035	Purchase	1,574	55.49
US4601461035	Purchase	2,590	55.52
US4601461035	Purchase	4,345	55.41
US4601461035	Purchase	1,385	55.46
US4601461035	Purchase	17,987	55.38
US4601461035	Purchase	101	54.89
US4601461035	Purchase	142	55.19
US4601461035	Purchase	100	55.18
US4601461035	Purchase	12,499	55.37
US4601461035	Purchase	2,400	55.55
US4601461035	Purchase	300	55.16
US4601461035	Purchase	2,582	55.48
US4601461035	Purchase	100	55.59
US4601461035	Purchase	20	55.11
US4601461035	Purchase	200	55.00
US4601461035	Purchase	1,008	55.56
US4601461035	Purchase	830	55.58
US4601461035	Purchase	700	55.05
US4601461035	Purchase	100	54.80
US4601461035	Purchase	379	55.57
US4601461035	Purchase	4,814	55.29
US4601461035	Purchase	614	55.27
US4601461035	Purchase	1,108	54.90
US4601461035	Purchase	302	55.33
US4601461035	Purchase	300	55.44
US4601461035	Purchase	300	55.02
US4601461035	Purchase	100	54.92
US4601461035	Purchase	3,344	55.30
US4601461035	Purchase	900	55.21
US4601461035	Purchase	299	55.35
US4601461035	Purchase	45	55.25
US4601461035	Purchase	212	54.84
US4601461035	Purchase	406	55.36
US4601461035	Purchase	1,550	55.53
US4601461035	Purchase	6	55.43
US4601461035	Purchase	124	55.26
US4601461035	Purchase	18	55.47
US4601461035	Purchase	74	55.28
US4601461035	Purchase	1,340	55.42
US4601461035	Sale	987	55.42
US4601461035	Purchase	465	55.34
US4601461035	Purchase	386	55.54
US4601461035	Sale	200	55.54
US4601461035	Purchase	3,127	55.31
US4601461035	Purchase	4,036	55.32
US4601461035	Purchase	453	55.01
US4601461035	Purchase	221	55.45
US4601461035	Sale	121	55.45
US4601461035	Purchase	1,224	55.50
US4601461035	Purchase	206	55.49
US4601461035	Purchase	600	55.52
US4601461035	Purchase	789	55.41
US4601461035	Purchase	105	55.19
US4601461035	Purchase	6	55.18
US4601461035	Purchase	8	55.37
US4601461035	Purchase	401	55.13
US4601461035	Purchase	79	55.55
US4601461035	Sale	34	55.25
US4601461035	Sale	21	55.53
US4601461035	Purchase	1,507	55.54
US4601461035	Sale	24,313	55.54
US4601461035	Sale	6	55.17
US4601461035	Sale	2	55.15
US4601461035	Sale	125	54.93
US4601461035	Sale	100	55.44
US4601461035	Sale	1,325	55.53
US4601461035	Sale	302	55.47
US4601461035	Purchase	8,857	55.54
US4601461035	Sale	4,864	55.54
US4601461035	Sale	40	55.45
US4601461035	Sale	603	55.51
US4601461035	Sale	100	54.96
US4601461035	Sale	505	55.50
US4601461035	Sale	74	55.49
US4601461035	Sale	585	55.52
US4601461035	Sale	97	54.88
US4601461035	Sale	100	55.60
US4601461035	Sale	37	55.59
US4601461035	Purchase	2	54.91
US4601461035	Sale	12	54.91
US4601461035	Purchase	24	55.29
US4601461035	Sale	4,461	55.29
US4601461035	Sale	48	54.93
US4601461035	Purchase	228	55.27
US4601461035	Sale	481	55.27
US4601461035	Purchase	8	54.90
US4601461035	Purchase	131	55.33
US4601461035	Sale	81	55.33
US4601461035	Purchase	12	55.44
US4601461035	Sale	4	55.44
US4601461035	Sale	52	55.02
US4601461035	Purchase	44	54.95
US4601461035	Sale	27	54.95
US4601461035	Purchase	2,963	55.30
US4601461035	Sale	2	55.30
US4601461035	Purchase	559	55.21
US4601461035	Purchase	527	55.35
US4601461035	Sale	17	55.35
US4601461035	Purchase	66	55.25
US4601461035	Sale	14	55.25
US4601461035	Purchase	230	55.36
US4601461035	Sale	7	55.36
US4601461035	Purchase	568	55.53
US4601461035	Sale	700	55.53
US4601461035	Purchase	782	55.43
US4601461035	Sale	58	55.43
US4601461035	Purchase	834	55.26
US4601461035	Sale	1	55.26
US4601461035	Purchase	1,020	55.47
US4601461035	Purchase	614	55.28
US4601461035	Sale	23	55.28
US4601461035	Purchase	2,596	55.42
US4601461035	Sale	391	55.42
US4601461035	Purchase	67	55.34
US4601461035	Sale	365	55.34
US4601461035	Purchase	247	55.54
US4601461035	Sale	17,467	55.54
US4601461035	Purchase	1	55.31
US4601461035	Sale	2,914	55.31
US4601461035	Purchase	106	55.32
US4601461035	Sale	3,694	55.32
US4601461035	Purchase	43	55.40
US4601461035	Sale	210	55.40
US4601461035	Purchase	762	55.23
US4601461035	Purchase	417	55.24
US4601461035	Sale	35	55.39
US4601461035	Purchase	838	55.51
US4601461035	Purchase	107	54.96
US4601461035	Sale	493	54.96
US4601461035	Purchase	20	54.97
US4601461035	Sale	6	54.97
US4601461035	Purchase	401	55.14
US4601461035	Sale	24	55.49
US4601461035	Purchase	178	55.52
US4601461035	Purchase	2,000	55.41
US4601461035	Sale	690	55.41
US4601461035	Purchase	108	55.46
US4601461035	Purchase	142	55.38
US4601461035	Sale	4	55.38
US4601461035	Purchase	338	55.17
US4601461035	Sale	663	55.17
US4601461035	Purchase	200	55.19
US4601461035	Sale	917	55.19
US4601461035	Purchase	544	55.18
US4601461035	Purchase	200	55.15
US4601461035	Sale	143	55.15
US4601461035	Sale	27	54.87
US4601461035	Purchase	769	55.37
US4601461035	Sale	71	55.37
US4601461035	Purchase	100	55.12
US4601461035	Purchase	313	55.13
US4601461035	Sale	20	55.13
US4601461035	Purchase	1,793	55.55
US4601461035	Sale	11	55.55
US4601461035	Sale	3	54.88
US4601461035	Purchase	20	55.20
US4601461035	Sale	304	55.20
US4601461035	Purchase	222	55.16
US4601461035	Purchase	18	54.98
US4601461035	Purchase	3	54.94
US4601461035	Purchase	111	55.48
US4601461035	Sale	12	55.48
US4601461035	Sale	3	55.10
US4601461035	Purchase	1,142	55.22
US4601461035	Sale	34	55.22
US4601461035	Purchase	3	55.59
US4601461035	Sale	117	55.09
US4601461035	Purchase	44	55.07
US4601461035	Sale	117	55.07
US4601461035	Purchase	426	55.56
US4601461035	Purchase	22	55.08
US4601461035	Sale	3	55.08
US4601461035	Purchase	7	55.58
US4601461035	Purchase	161	55.29
US4601461035	Sale	6	54.93
US4601461035	Purchase	137	55.27
US4601461035	Sale	1,118	54.90
US4601461035	Purchase	2	55.33
US4601461035	Purchase	18	55.44
US4601461035	Purchase	788	55.30
US4601461035	Purchase	479	55.21
US4601461035	Purchase	60	55.35
US4601461035	Purchase	981	55.25
US4601461035	Purchase	100	54.84
US4601461035	Purchase	725	55.53
US4601461035	Purchase	57	55.43
US4601461035	Purchase	178	55.26
US4601461035	Purchase	356	55.28
US4601461035	Purchase	998	55.42
US4601461035	Sale	987	55.42
US4601461035	Purchase	226	55.34
US4601461035	Purchase	310	55.54
US4601461035	Sale	15,644	55.54
US4601461035	Purchase	648	55.31
US4601461035	Purchase	247	55.32
US4601461035	Purchase	231	55.45
US4601461035	Sale	121	55.45
US4601461035	Purchase	457	55.40
US4601461035	Purchase	1,149	55.23
US4601461035	Purchase	1,909	55.24
US4601461035	Purchase	39	55.39
US4601461035	Purchase	300	55.51
US4601461035	Purchase	555	54.96
US4601461035	Sale	411	54.96
US4601461035	Purchase	600	55.50
US4601461035	Sale	100	54.97
US4601461035	Purchase	116	55.14
US4601461035	Purchase	100	55.49
US4601461035	Purchase	200	55.52
US4601461035	Purchase	41	55.41
US4601461035	Purchase	100	55.46
US4601461035	Purchase	22	55.38
US4601461035	Purchase	326	55.17
US4601461035	Purchase	100	54.89
US4601461035	Purchase	1,676	55.19
US4601461035	Purchase	971	55.18
US4601461035	Purchase	347	55.15
US4601461035	Purchase	115	55.37
US4601461035	Purchase	22	55.12
US4601461035	Purchase	1,852	55.20
US4601461035	Sale	3	54.94
US4601461035	Purchase	300	55.48
US4601461035	Purchase	100	55.10
US4601461035	Purchase	190	55.22
US4601461035	Purchase	100	54.77
US4601461035	Purchase	1	54.83
US4601461035	Purchase	501	55.21
US4601461035	Purchase	27	55.35
US4601461035	Purchase	332	55.25
US4601461035	Purchase	100	55.26
US4601461035	Purchase	264	55.28
US4601461035	Purchase	100	55.34
US4601461035	Purchase	90	55.54
US4601461035	Purchase	401	55.31
US4601461035	Purchase	447	55.14
US4601461035	Purchase	690	55.41
US4601461035	Purchase	653	55.17
US4601461035	Purchase	143	55.15
US4601461035	Purchase	19	55.13
US4601461035	Purchase	400	55.16
US4601461035	Purchase	79	55.10
US4601461035	Purchase	40,500	57.50
US4601461035	Purchase	90	55.54
US4601461035	Sale	90	55.54
US4601461035	Sale	10,700	55.52
US4601461035	Purchase	1	55.30
US4601461035	Purchase	56	55.21
US4601461035	Sale	130	55.21
US4601461035	Sale	61	55.35
US4601461035	Sale	69	55.36
US4601461035	Purchase	168	55.26
US4601461035	Sale	38	55.28
US4601461035	Sale	926	55.42
US4601461035	Purchase	5,311	55.54
US4601461035	Sale	380	55.45
US4601461035	Sale	138	55.40
US4601461035	Purchase	8	55.23
US4601461035	Sale	598	55.39
US4601461035	Sale	36	55.51
US4601461035	Sale	255	55.50
US4601461035	Sale	629	55.49
US4601461035	Purchase	428	55.46
US4601461035	Sale	654	55.38

(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	1,285	43.82 GBP
US4601461035	Equity Swap	Increasing a long Position	256	55.17 USD
US4601461035	Equity Swap	Increasing a long Position	84	55.24 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	52.50	American	21/02/2025	1.63

(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:	16^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
US4601461035	Put Option	Purchased	1,200	55.00	American	21/02/2025
US4601461035	Put Option	Purchased	3,900	52.50	American	21/02/2025

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: 1267387

Time of Receipt (offset from UTC): 20241216T144902+0000