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	27^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:	5,027,085	1.447%	2,290,592	0.659%
(2) Cash-settled derivatives:	3,156	0.001%	911,760	0.263%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	159,700	0.046%
TOTAL:	5,042,841	1.452%	3,362,052	0.968%

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	259	54.48
US4601461035	Purchase	5	54.39
US4601461035	Purchase	100	54.63
US4601461035	Purchase	100	54.61
US4601461035	Purchase	100	54.40
US4601461035	Purchase	70	54.54
US4601461035	Purchase	158	54.42
US4601461035	Purchase	66	54.55
US4601461035	Purchase	278	54.49
US4601461035	Sale	4,734	54.49
US4601461035	Purchase	1,964	54.46
US4601461035	Purchase	100	54.52
US4601461035	Purchase	580	54.50
US4601461035	Purchase	130	55.15
US4601461035	Purchase	503	54.44
US4601461035	Purchase	25	55.09
US4601461035	Purchase	130	54.95
US4601461035	Purchase	24	54.47
US4601461035	Purchase	142	54.45
US4601461035	Sale	57,806	54.49
US4601461035	Sale	68	54.48
US4601461035	Sale	8	54.39
US4601461035	Sale	700	54.93
US4601461035	Sale	2	54.57
US4601461035	Sale	5	54.53
US4601461035	Sale	2	54.40
US4601461035	Sale	315	54.42
US4601461035	Sale	800	54.55
US4601461035	Sale	19	54.76
US4601461035	Sale	14	54.90
US4601461035	Purchase	8,330	54.49
US4601461035	Sale	54	54.49
US4601461035	Sale	848	54.46
US4601461035	Sale	11	55.05
US4601461035	Sale	147	54.50
US4601461035	Sale	115	54.51
US4601461035	Sale	58	54.69
US4601461035	Sale	5	54.44
US4601461035	Sale	1,503	54.70
US4601461035	Sale	300	54.95
US4601461035	Sale	708	54.47
US4601461035	Sale	116	54.43
US4601461035	Sale	2	54.41
US4601461035	Sale	112	54.82
US4601461035	Sale	2,205	54.72
US4601461035	Sale	213	54.73
US4601461035	Sale	4	54.48
US4601461035	Sale	900	54.49
US4601461035	Sale	112	54.46
US4601461035	Purchase	347	54.47
US4601461035	Sale	501	54.48
US4601461035	Sale	23	54.63
US4601461035	Sale	2	54.57
US4601461035	Sale	16	54.61
US4601461035	Purchase	852	54.53
US4601461035	Sale	5	54.54
US4601461035	Sale	22,186	54.49
US4601461035	Purchase	964	54.46
US4601461035	Sale	852	54.46
US4601461035	Sale	25	54.52
US4601461035	Sale	3	54.51
US4601461035	Sale	183	54.59
US4601461035	Sale	1,507	54.47
US4601461035	Sale	16	54.60
US4601461035	Sale	100	54.68
US4601461035	Sale	126	54.40
US4601461035	Sale	119	54.54
US4601461035	Sale	132	54.42
US4601461035	Sale	100	54.97
US4601461035	Sale	301	54.90
US4601461035	Purchase	4,734	54.49
US4601461035	Sale	1,710	54.49
US4601461035	Sale	69	54.46
US4601461035	Sale	207	54.52
US4601461035	Purchase	1,699	54.50
US4601461035	Sale	1,785	54.50
US4601461035	Sale	300	54.89
US4601461035	Sale	43	54.44
US4601461035	Sale	409	54.83
US4601461035	Sale	5	54.59
US4601461035	Sale	100	54.28
US4601461035	Sale	2	55.01
US4601461035	Sale	1,696	54.84
US4601461035	Sale	123	54.60
US4601461035	Sale	100	54.41
US4601461035	Sale	303	54.81
US4601461035	Sale	400	54.80
US4601461035	Sale	100	54.36
US4601461035	Sale	88	54.27
US4601461035	Purchase	711	54.48
US4601461035	Sale	215	54.48
US4601461035	Purchase	162	54.39
US4601461035	Sale	9	54.93
US4601461035	Purchase	32	54.63
US4601461035	Purchase	2,327	55.00
US4601461035	Sale	532	55.00
US4601461035	Purchase	104	54.57
US4601461035	Purchase	23	54.62
US4601461035	Purchase	97	54.61
US4601461035	Sale	712	54.53
US4601461035	Purchase	83	54.40
US4601461035	Sale	233	54.40
US4601461035	Purchase	87	54.54
US4601461035	Purchase	23	54.42
US4601461035	Sale	111	54.42
US4601461035	Purchase	13	54.97
US4601461035	Purchase	51	54.55
US4601461035	Sale	2	54.55
US4601461035	Sale	209	54.76
US4601461035	Purchase	2	54.90
US4601461035	Sale	1	54.90
US4601461035	Purchase	60,037	54.49
US4601461035	Sale	9,105	54.49
US4601461035	Purchase	959	54.46
US4601461035	Sale	1,183	54.46
US4601461035	Purchase	748	54.52
US4601461035	Purchase	110	54.50
US4601461035	Sale	92	54.50
US4601461035	Purchase	1,716	54.51
US4601461035	Sale	3,244	54.51
US4601461035	Sale	46	54.89
US4601461035	Purchase	25	54.69
US4601461035	Sale	102	54.69
US4601461035	Purchase	585	54.99
US4601461035	Purchase	124	54.44
US4601461035	Sale	1,213	54.44
US4601461035	Sale	9	54.83
US4601461035	Purchase	176	54.59
US4601461035	Sale	86	54.70
US4601461035	Purchase	30	54.95
US4601461035	Purchase	1,269	54.47
US4601461035	Sale	816	54.47
US4601461035	Sale	53	54.28
US4601461035	Sale	5	54.74
US4601461035	Sale	6	54.84
US4601461035	Purchase	7	54.92
US4601461035	Purchase	11	54.98
US4601461035	Purchase	100	54.96
US4601461035	Sale	27	54.96
US4601461035	Purchase	183	54.56
US4601461035	Purchase	40	54.43
US4601461035	Sale	557	54.43
US4601461035	Purchase	16	54.41
US4601461035	Sale	703	54.41
US4601461035	Purchase	1,699	54.82
US4601461035	Sale	6	54.82
US4601461035	Purchase	62	54.45
US4601461035	Sale	264	54.45
US4601461035	Sale	23	54.64
US4601461035	Sale	14	54.71
US4601461035	Purchase	80	54.38
US4601461035	Sale	148	54.38
US4601461035	Sale	27	54.72
US4601461035	Purchase	8	54.86
US4601461035	Purchase	856	54.58
US4601461035	Purchase	67	54.91
US4601461035	Sale	5	54.91
US4601461035	Sale	36	55.13
US4601461035	Sale	46	54.88
US4601461035	Sale	7	54.73
US4601461035	Sale	25	54.68
US4601461035	Sale	3	54.35
US4601461035	Sale	5	54.79
US4601461035	Sale	79	54.37
US4601461035	Sale	4	54.67
US4601461035	Sale	1	55.03
US4601461035	Sale	76	54.48
US4601461035	Sale	993	54.61
US4601461035	Purchase	356	54.53
US4601461035	Sale	356	54.53
US4601461035	Sale	132	54.65
US4601461035	Sale	37	54.40
US4601461035	Sale	437	54.42
US4601461035	Sale	8	54.55
US4601461035	Purchase	800	54.49
US4601461035	Sale	983	54.49
US4601461035	Purchase	80	54.46
US4601461035	Sale	127	54.46
US4601461035	Sale	108	54.52
US4601461035	Purchase	384	54.50
US4601461035	Sale	387	54.50
US4601461035	Sale	4	54.87
US4601461035	Sale	585	54.99
US4601461035	Sale	202	54.44
US4601461035	Sale	17	54.83
US4601461035	Purchase	8	54.47
US4601461035	Sale	8	54.47
US4601461035	Sale	100	54.28
US4601461035	Sale	1	54.98
US4601461035	Sale	272	54.43
US4601461035	Sale	190	54.45
US4601461035	Sale	1	54.36
US4601461035	Sale	154	54.64
US4601461035	Sale	100	54.71
US4601461035	Sale	168	54.38
US4601461035	Sale	115	54.72
US4601461035	Sale	11	54.73
US4601461035	Sale	214	54.68
US4601461035	Sale	10	54.67
US4601461035	Sale	13	54.66
US4601461035	Sale	1	54.78
US4601461035	Sale	5	54.77
US4601461035	Sale	69	54.32
US4601461035	Sale	100	54.30
US4601461035	Sale	300	54.29
US4601461035	Purchase	133	54.48
US4601461035	Purchase	46	54.39
US4601461035	Purchase	1	55.00
US4601461035	Purchase	1	54.53
US4601461035	Purchase	1,184	54.54
US4601461035	Purchase	3,440	54.49
US4601461035	Purchase	186	54.46
US4601461035	Purchase	28	54.52
US4601461035	Purchase	1,103	54.50
US4601461035	Purchase	452	54.44
US4601461035	Purchase	141	54.47
US4601461035	Purchase	100	54.43
US4601461035	Purchase	6	54.82
US4601461035	Purchase	4,332	54.49
US4601461035	Sale	294	54.49
US4601461035	Sale	25	54.49
US4601461035	Purchase	800	54.55
US4601461035	Sale	800	54.49
US4601461035	Purchase	1,513	54.48
US4601461035	Purchase	16	54.39
US4601461035	Purchase	85	54.57
US4601461035	Purchase	157	54.54
US4601461035	Purchase	32	54.42
US4601461035	Purchase	38	54.49
US4601461035	Purchase	6	54.46
US4601461035	Sale	836	54.46
US4601461035	Sale	251	54.52
US4601461035	Purchase	221	54.50
US4601461035	Sale	76	54.50
US4601461035	Purchase	1	54.51
US4601461035	Sale	5	54.51
US4601461035	Purchase	503	54.44
US4601461035	Purchase	12	54.47
US4601461035	Purchase	75	54.56
US4601461035	Purchase	87	54.43
US4601461035	Sale	38	54.43
US4601461035	Sale	41	54.41
US4601461035	Purchase	1	54.80
US4601461035	Purchase	85	54.64
US4601461035	Purchase	289	54.58
US4601461035	Sale	76	54.77

(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	960	54.55 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	1,000	55.00	American	17/04/2025	3.48

(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:	30^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	4,800	55.00	American	21/02/2025
US4601461035	Put Option	Purchased	7,900	52.50	American	21/02/2025
US4601461035	Put Option	Purchased	1,000	52.50	American	17/04/2025
US4601461035	Put Option	Purchased	1,900	55.00	American	17/04/2025

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: 1270962

Time of Receipt (offset from UTC): 20241230T144203+0000