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	3^rd January 2025
(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:	4,886,877	1.407%	2,340,431	0.674%
(2) Cash-settled derivatives:	5,711	0.002%	913,816	0.263%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	163,700	0.047%
TOTAL:	4,905,188	1.412%	3,417,947	0.984%

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	287	53.38
US4601461035	Purchase	1,653	53.23
US4601461035	Purchase	8,146	53.27
US4601461035	Purchase	215	53.25
US4601461035	Purchase	1,229	53.26
US4601461035	Purchase	43	52.83
US4601461035	Purchase	31	53.24
US4601461035	Purchase	500	53.30
US4601461035	Purchase	1,210	53.35
US4601461035	Purchase	2,443	53.28
US4601461035	Purchase	7	52.84
US4601461035	Purchase	3,125	53.29
US4601461035	Purchase	16	52.85
US4601461035	Sale	2,926	52.85
US4601461035	Purchase	21	53.04
US4601461035	Purchase	392	53.31
US4601461035	Purchase	1	52.99
US4601461035	Purchase	427	52.82
US4601461035	Purchase	2	52.91
US4601461035	Purchase	400	53.34
US4601461035	Purchase	22	53.20
US4601461035	Purchase	519	52.90
US4601461035	Purchase	200	52.98
US4601461035	Purchase	225	53.17
US4601461035	Purchase	200	53.33
US4601461035	Purchase	1,531	52.94
US4601461035	Purchase	489	53.36
US4601461035	Purchase	189	52.80
US4601461035	Purchase	2,047	52.88
US4601461035	Purchase	496	53.32
US4601461035	Purchase	114	53.41
US4601461035	Purchase	6	52.93
US4601461035	Purchase	3,611	52.89
US4601461035	Purchase	260	52.81
US4601461035	Purchase	100	53.46
US4601461035	Purchase	400	53.08
US4601461035	Purchase	119	53.16
US4601461035	Purchase	1,244	53.25
US4601461035	Purchase	6	53.30
US4601461035	Purchase	40	53.35
US4601461035	Purchase	14,247	52.85
US4601461035	Sale	16,824	52.85
US4601461035	Purchase	100	53.31
US4601461035	Purchase	471	52.99
US4601461035	Purchase	200	53.39
US4601461035	Purchase	20	53.01
US4601461035	Purchase	5	53.33
US4601461035	Purchase	281	53.36
US4601461035	Purchase	91	53.37
US4601461035	Sale	72,041	52.85
US4601461035	Sale	1,007	53.38
US4601461035	Sale	6,742	53.23
US4601461035	Sale	3,141	53.27
US4601461035	Sale	2,213	53.16
US4601461035	Sale	3,489	53.25
US4601461035	Sale	5,600	53.26
US4601461035	Sale	8,150	52.83
US4601461035	Sale	4,100	53.24
US4601461035	Sale	1,200	53.30
US4601461035	Sale	77	53.40
US4601461035	Sale	355	53.35
US4601461035	Sale	4,985	53.28
US4601461035	Sale	14,558	52.86
US4601461035	Sale	3,100	53.14
US4601461035	Sale	6,134	52.84
US4601461035	Sale	5,015	53.22
US4601461035	Sale	2,000	53.29
US4601461035	Purchase	104,764	52.85
US4601461035	Sale	10,162	52.85
US4601461035	Sale	600	53.04
US4601461035	Sale	567	52.79
US4601461035	Sale	6,353	53.31
US4601461035	Sale	616	53.42
US4601461035	Sale	989	52.99
US4601461035	Sale	200	53.07
US4601461035	Sale	608	52.82
US4601461035	Sale	328	52.91
US4601461035	Sale	500	53.34
US4601461035	Sale	200	52.87
US4601461035	Sale	200	53.01
US4601461035	Sale	300	52.92
US4601461035	Sale	1,056	52.90
US4601461035	Sale	200	52.98
US4601461035	Sale	331	53.17
US4601461035	Sale	300	53.03
US4601461035	Sale	1,355	52.94
US4601461035	Sale	300	52.80
US4601461035	Sale	8,332	52.88
US4601461035	Sale	100	53.02
US4601461035	Sale	500	52.76
US4601461035	Sale	631	53.38
US4601461035	Sale	2,783	53.23
US4601461035	Sale	1,621	53.27
US4601461035	Sale	120	53.16
US4601461035	Sale	87	53.43
US4601461035	Sale	1,594	53.25
US4601461035	Sale	1,166	53.26
US4601461035	Sale	128	52.83
US4601461035	Sale	1,035	53.24
US4601461035	Sale	690	53.30
US4601461035	Sale	304	53.40
US4601461035	Sale	295	53.35
US4601461035	Sale	503	53.28
US4601461035	Sale	718	52.86
US4601461035	Sale	10	53.14
US4601461035	Sale	1,468	52.84
US4601461035	Sale	21	53.22
US4601461035	Sale	1,084	53.29
US4601461035	Purchase	33,681	52.85
US4601461035	Sale	1,863	52.85
US4601461035	Sale	66	53.00
US4601461035	Sale	63	52.79
US4601461035	Sale	355	53.31
US4601461035	Sale	196	53.42
US4601461035	Sale	536	52.99
US4601461035	Sale	534	53.21
US4601461035	Sale	340	53.39
US4601461035	Sale	9	53.07
US4601461035	Sale	569	52.82
US4601461035	Sale	633	52.91
US4601461035	Sale	477	53.34
US4601461035	Sale	172	53.20
US4601461035	Sale	849	52.87
US4601461035	Sale	20	53.01
US4601461035	Sale	161	52.92
US4601461035	Sale	578	52.90
US4601461035	Sale	64	53.05
US4601461035	Sale	75	53.17
US4601461035	Sale	526	53.18
US4601461035	Sale	17	52.95
US4601461035	Sale	181	53.15
US4601461035	Sale	243	53.33
US4601461035	Sale	578	52.94
US4601461035	Sale	749	53.36
US4601461035	Sale	255	52.80
US4601461035	Sale	585	52.88
US4601461035	Sale	20	53.44
US4601461035	Sale	528	53.37
US4601461035	Sale	1,669	53.32
US4601461035	Sale	10	53.47
US4601461035	Sale	212	53.41
US4601461035	Sale	197	52.76
US4601461035	Sale	191	53.10
US4601461035	Sale	30	52.74
US4601461035	Sale	40	53.13
US4601461035	Sale	30	53.09
US4601461035	Sale	4,730	53.19
US4601461035	Sale	10	53.48
US4601461035	Sale	8	53.11
US4601461035	Sale	70	53.12
US4601461035	Sale	10	53.45
US4601461035	Sale	21	52.93
US4601461035	Sale	40	52.97
US4601461035	Sale	136	52.89
US4601461035	Sale	261	52.81
US4601461035	Sale	150	52.73
US4601461035	Sale	2	52.72
US4601461035	Sale	86	52.96
US4601461035	Sale	149	52.75
US4601461035	Sale	19	52.78
US4601461035	Sale	110	52.71
US4601461035	Sale	48,705	52.85
US4601461035	Purchase	226	53.38
US4601461035	Purchase	5	53.43
US4601461035	Purchase	242	53.25
US4601461035	Purchase	12,431	53.26
US4601461035	Purchase	9	53.40
US4601461035	Sale	104,764	52.85
US4601461035	Purchase	12,428	52.99
US4601461035	Sale	12,428	52.99
US4601461035	Purchase	87	53.20
US4601461035	Sale	24	53.01
US4601461035	Sale	98	52.95
US4601461035	Sale	2	53.35
US4601461035	Sale	130	52.86
US4601461035	Sale	42,355	52.85
US4601461035	Sale	4	52.82
US4601461035	Sale	94	52.91
US4601461035	Sale	41	52.87
US4601461035	Sale	10	53.33
US4601461035	Sale	23	52.88
US4601461035	Sale	1	52.89
US4601461035	Sale	1,015	53.25
US4601461035	Purchase	2,926	52.85
US4601461035	Sale	1,911	52.85
US4601461035	Purchase	104	53.38
US4601461035	Sale	310	53.38
US4601461035	Purchase	62	53.23
US4601461035	Sale	400	53.23
US4601461035	Purchase	9	53.27
US4601461035	Sale	668	53.27
US4601461035	Sale	347	53.16
US4601461035	Purchase	9	53.43
US4601461035	Purchase	104	53.25
US4601461035	Sale	1,207	53.25
US4601461035	Sale	216	53.26
US4601461035	Purchase	40	52.83
US4601461035	Sale	310	52.83
US4601461035	Purchase	2	53.24
US4601461035	Sale	64	53.24
US4601461035	Purchase	84	53.40
US4601461035	Sale	30	53.40
US4601461035	Purchase	92	53.35
US4601461035	Sale	121	53.28
US4601461035	Purchase	875	52.86
US4601461035	Sale	153	52.86
US4601461035	Sale	17	53.14
US4601461035	Purchase	278	52.84
US4601461035	Sale	457	52.84
US4601461035	Purchase	3	53.22
US4601461035	Sale	1,834	53.22
US4601461035	Purchase	1	53.29
US4601461035	Sale	282	53.29
US4601461035	Purchase	18,506	52.85
US4601461035	Sale	12,463	52.85
US4601461035	Purchase	2	53.00
US4601461035	Purchase	179	52.79
US4601461035	Purchase	1,781	53.31
US4601461035	Sale	373	53.31
US4601461035	Sale	100	53.42
US4601461035	Purchase	64	52.99
US4601461035	Purchase	56	53.21
US4601461035	Sale	100	53.21
US4601461035	Purchase	15	53.39
US4601461035	Sale	100	53.39
US4601461035	Purchase	20	53.07
US4601461035	Purchase	64	52.82
US4601461035	Sale	200	52.82
US4601461035	Sale	7	52.91
US4601461035	Purchase	19	53.34
US4601461035	Sale	696	53.20
US4601461035	Purchase	349	52.87
US4601461035	Sale	5	52.87
US4601461035	Purchase	247	52.92
US4601461035	Sale	987	52.92
US4601461035	Purchase	23	52.90
US4601461035	Sale	34	53.18
US4601461035	Purchase	98	52.95
US4601461035	Sale	34	52.95
US4601461035	Purchase	134	53.15
US4601461035	Purchase	3	53.33
US4601461035	Sale	452	53.33
US4601461035	Purchase	1,781	52.94
US4601461035	Sale	1,781	52.94
US4601461035	Purchase	19	53.36
US4601461035	Sale	8	53.36
US4601461035	Purchase	454	52.80
US4601461035	Sale	121	52.80
US4601461035	Purchase	350	52.88
US4601461035	Sale	29	52.88
US4601461035	Purchase	12	53.44
US4601461035	Sale	47	53.44
US4601461035	Sale	5	53.37
US4601461035	Sale	300	53.32
US4601461035	Purchase	1	53.47
US4601461035	Sale	100	53.47
US4601461035	Purchase	179	53.41
US4601461035	Sale	85	53.41
US4601461035	Purchase	2	52.76
US4601461035	Sale	5	53.10
US4601461035	Purchase	104	52.74
US4601461035	Sale	2	52.74
US4601461035	Sale	155	53.13
US4601461035	Purchase	47	53.19
US4601461035	Purchase	6	53.11
US4601461035	Sale	2,221	53.11
US4601461035	Sale	1,708	53.12
US4601461035	Sale	111	53.45
US4601461035	Purchase	1	52.93
US4601461035	Purchase	9	52.97
US4601461035	Sale	35	52.97
US4601461035	Purchase	31	52.89
US4601461035	Sale	282	52.89
US4601461035	Purchase	189	52.81
US4601461035	Purchase	4	52.73
US4601461035	Purchase	108	52.96
US4601461035	Sale	852	53.08
US4601461035	Purchase	163	52.78
US4601461035	Sale	100	53.50
US4601461035	Sale	33	53.38
US4601461035	Sale	8,773	53.27
US4601461035	Purchase	415	53.25
US4601461035	Sale	5,928	53.26
US4601461035	Sale	17	53.40
US4601461035	Sale	249	53.35
US4601461035	Purchase	20	52.86
US4601461035	Sale	20	52.86
US4601461035	Purchase	21	53.22
US4601461035	Purchase	120,946	52.85
US4601461035	Sale	757	52.85
US4601461035	Purchase	354	53.00
US4601461035	Sale	354	53.00
US4601461035	Sale	100	53.42
US4601461035	Sale	20	53.07
US4601461035	Sale	526	53.34
US4601461035	Sale	29	52.87
US4601461035	Purchase	24	53.01
US4601461035	Purchase	13,855	52.98
US4601461035	Sale	13,855	52.98
US4601461035	Sale	534	53.33
US4601461035	Purchase	6	53.36
US4601461035	Sale	307	53.36
US4601461035	Purchase	2	53.44
US4601461035	Sale	2	53.44
US4601461035	Sale	843	53.37
US4601461035	Sale	61	53.32
US4601461035	Sale	198	53.41
US4601461035	Purchase	200	53.14
US4601461035	Purchase	2,271	52.85
US4601461035	Purchase	2	53.00
US4601461035	Purchase	257	52.79
US4601461035	Purchase	22	52.82
US4601461035	Purchase	140	52.91
US4601461035	Purchase	69	53.20
US4601461035	Purchase	46	52.87
US4601461035	Purchase	100	53.01
US4601461035	Purchase	233	52.90
US4601461035	Purchase	100	53.15
US4601461035	Purchase	20	52.94
US4601461035	Purchase	176	52.88
US4601461035	Purchase	1	53.10
US4601461035	Purchase	400	53.13
US4601461035	Purchase	67	52.77
US4601461035	Purchase	200	53.12
US4601461035	Purchase	517	52.89
US4601461035	Purchase	2	52.81
US4601461035	Purchase	870	53.08
US4601461035	Purchase	5,893	52.85
US4601461035	Purchase	283	52.85
US4601461035	Sale	16	52.85
US4601461035	Purchase	1	53.35
US4601461035	Sale	15	52.86
US4601461035	Sale	99	52.84
US4601461035	Purchase	120	52.85
US4601461035	Sale	2,857	52.85
US4601461035	Sale	365	53.04
US4601461035	Sale	6	53.21
US4601461035	Purchase	438	52.90
US4601461035	Purchase	1	52.80
US4601461035	Purchase	568	52.88
US4601461035	Sale	59	52.88
US4601461035	Purchase	292	53.11
US4601461035	Purchase	1,456	53.06
US4601461035	Purchase	190	53.08
US4601461035	Sale	545	53.08

(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	1178	52,88 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	52.50	American	17/04/2025	2.76

(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:	06^th January 2025
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	5,000	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: 1272239

Time of Receipt (offset from UTC): 20250106T152314+0000