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	17^th June 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:	1,922,236	0.553%	1,970,244	0.567%
(2) Cash-settled derivatives:	328	0.000%	523,926	0.151%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	837,000	0.241%	2,800	0.001%
TOTAL:	2,759,564	0.795%	2,496,970	0.719%

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	Sale	200	44.89
US4601461035	Sale	10	45.33
US4601461035	Purchase	2,399	45.15
US4601461035	Sale	8	45.15
US4601461035	Sale	100	45.19
US4601461035	Sale	100	44.96
US4601461035	Sale	1,233	45.32
US4601461035	Sale	400	45.29
US4601461035	Sale	31	45.27
US4601461035	Sale	804	45.20
US4601461035	Sale	6	45.30
US4601461035	Sale	777	45.31
US4601461035	Sale	1,407	45.37
US4601461035	Sale	31	45.34
US4601461035	Sale	215	45.35
US4601461035	Sale	14	44.89
US4601461035	Sale	100	44.68
US4601461035	Sale	218	44.95
US4601461035	Sale	793	44.85
US4601461035	Sale	131	44.90
US4601461035	Sale	816	44.80
US4601461035	Sale	6	44.77
US4601461035	Sale	100	44.97
US4601461035	Sale	112	44.50
US4601461035	Sale	6,322	45.33
US4601461035	Sale	450	44.99
US4601461035	Sale	139	44.78
US4601461035	Sale	595	44.76
US4601461035	Sale	200	44.67
US4601461035	Sale	66	44.74
US4601461035	Sale	200	44.88
US4601461035	Sale	2,399	45.15
US4601461035	Sale	400	44.69
US4601461035	Sale	15	44.72
US4601461035	Sale	380	44.75
US4601461035	Sale	2,178	44.84
US4601461035	Sale	327	44.79
US4601461035	Sale	16	44.82
US4601461035	Sale	14	45.19
US4601461035	Sale	726	44.96
US4601461035	Sale	1,510	45.32
US4601461035	Sale	1,100	44.71
US4601461035	Sale	17,787	44.98
US4601461035	Sale	130	45.29
US4601461035	Sale	3	45.23
US4601461035	Sale	165	45.27
US4601461035	Sale	200	44.94
US4601461035	Sale	1,067	45.17
US4601461035	Sale	206	45.20
US4601461035	Sale	557	45.28
US4601461035	Sale	324	45.04
US4601461035	Sale	21	45.16
US4601461035	Sale	1	45.24
US4601461035	Sale	596	44.91
US4601461035	Sale	3,443	45.09
US4601461035	Sale	47	45.01
US4601461035	Sale	859	45.30
US4601461035	Sale	3,925	45.31
US4601461035	Sale	6,622	45.37
US4601461035	Sale	43	45.34
US4601461035	Sale	26	44.87
US4601461035	Sale	2	45.39
US4601461035	Sale	18	45.36
US4601461035	Sale	1,100	45.35
US4601461035	Sale	574	45.03
US4601461035	Sale	43	45.08
US4601461035	Sale	141	45.02
US4601461035	Sale	49	45.13
US4601461035	Sale	214	45.06
US4601461035	Sale	50	44.80
US4601461035	Sale	6	44.77
US4601461035	Sale	5,594	45.33
US4601461035	Sale	4,378	44.99
US4601461035	Purchase	83	44.76
US4601461035	Sale	50	44.76
US4601461035	Sale	75	44.74
US4601461035	Sale	273	44.88
US4601461035	Sale	357	45.05
US4601461035	Sale	360	45.12
US4601461035	Sale	436	44.96
US4601461035	Sale	169	45.18
US4601461035	Sale	761	45.32
US4601461035	Sale	5,011	45.00
US4601461035	Sale	2,603	45.29
US4601461035	Sale	334	45.23
US4601461035	Sale	131	45.22
US4601461035	Sale	100	45.27
US4601461035	Sale	609	45.20
US4601461035	Sale	2,600	45.28
US4601461035	Sale	329	45.04
US4601461035	Sale	49	45.16
US4601461035	Sale	3	45.24
US4601461035	Sale	199	45.09
US4601461035	Sale	1,000	45.01
US4601461035	Sale	3,574	45.30
US4601461035	Sale	13,528	45.31
US4601461035	Sale	8,130	45.37
US4601461035	Sale	300	45.38
US4601461035	Sale	2,524	45.35
US4601461035	Sale	993	45.03
US4601461035	Sale	601	45.08
US4601461035	Sale	145	45.44
US4601461035	Sale	1,092	45.13
US4601461035	Sale	5	45.43
US4601461035	Sale	100	45.48
US4601461035	Sale	25	44.89
US4601461035	Purchase	1,392	44.95
US4601461035	Sale	795	44.95
US4601461035	Sale	9	44.85
US4601461035	Purchase	8	44.77
US4601461035	Sale	8	44.97
US4601461035	Purchase	10	44.50
US4601461035	Purchase	134	44.64
US4601461035	Sale	1	44.64
US4601461035	Purchase	200	45.33
US4601461035	Sale	347	45.33
US4601461035	Purchase	242	44.99
US4601461035	Purchase	153	44.78
US4601461035	Purchase	573	44.76
US4601461035	Sale	1	44.70
US4601461035	Purchase	44	44.74
US4601461035	Sale	38	44.74
US4601461035	Purchase	4	45.15
US4601461035	Sale	18	45.15
US4601461035	Purchase	200	44.69
US4601461035	Purchase	4,160	44.83
US4601461035	Sale	2	44.83
US4601461035	Purchase	535	44.75
US4601461035	Purchase	9	44.84
US4601461035	Sale	12	44.84
US4601461035	Purchase	370	44.79
US4601461035	Purchase	16	44.82
US4601461035	Purchase	369	45.19
US4601461035	Sale	7	45.19
US4601461035	Sale	109	45.12
US4601461035	Purchase	182	44.96
US4601461035	Sale	143	44.96
US4601461035	Purchase	496	45.18
US4601461035	Purchase	209	45.32
US4601461035	Sale	78	45.32
US4601461035	Purchase	1,554	44.71
US4601461035	Purchase	63	45.00
US4601461035	Sale	13	45.00
US4601461035	Purchase	371	45.29
US4601461035	Sale	156	45.29
US4601461035	Purchase	83	45.23
US4601461035	Sale	66	45.23
US4601461035	Purchase	171	45.22
US4601461035	Sale	23	45.22
US4601461035	Purchase	24	45.27
US4601461035	Purchase	686	44.94
US4601461035	Sale	1	44.94
US4601461035	Purchase	561	45.17
US4601461035	Purchase	892	45.20
US4601461035	Sale	9	45.20
US4601461035	Sale	21	44.92
US4601461035	Purchase	114	45.28
US4601461035	Sale	41	45.28
US4601461035	Purchase	9	44.81
US4601461035	Purchase	20	45.14
US4601461035	Sale	7	45.14
US4601461035	Purchase	277	45.16
US4601461035	Purchase	87	45.24
US4601461035	Purchase	6	45.21
US4601461035	Sale	6	45.21
US4601461035	Purchase	19	44.91
US4601461035	Purchase	4	45.25
US4601461035	Sale	12	45.25
US4601461035	Sale	255	45.41
US4601461035	Purchase	122	45.09
US4601461035	Sale	10	45.09
US4601461035	Purchase	1,671	45.30
US4601461035	Sale	201	45.30
US4601461035	Purchase	410	45.31
US4601461035	Sale	131	45.31
US4601461035	Purchase	4,633	45.37
US4601461035	Sale	2,539	45.37
US4601461035	Sale	386	45.34
US4601461035	Sale	274	45.40
US4601461035	Purchase	4,252	44.87
US4601461035	Sale	84	45.26
US4601461035	Sale	17	45.39
US4601461035	Purchase	261	45.36
US4601461035	Sale	146	45.36
US4601461035	Purchase	1	44.93
US4601461035	Purchase	9	44.52
US4601461035	Purchase	8	44.62
US4601461035	Sale	407	45.38
US4601461035	Sale	70	45.35
US4601461035	Sale	12	45.03
US4601461035	Sale	5	45.07
US4601461035	Purchase	200	44.60
US4601461035	Purchase	30	45.10
US4601461035	Sale	7	45.10
US4601461035	Purchase	100	44.73
US4601461035	Purchase	68	44.66
US4601461035	Purchase	62	44.54
US4601461035	Purchase	30	45.13
US4601461035	Sale	11	45.06
US4601461035	Sale	1	44.57
US4601461035	Sale	619	44.95
US4601461035	Sale	2	44.77
US4601461035	Sale	12	44.97
US4601461035	Purchase	19,727	45.33
US4601461035	Sale	100	45.33
US4601461035	Sale	8	44.74
US4601461035	Sale	759	44.88
US4601461035	Purchase	2,000	45.15
US4601461035	Sale	252	44.79
US4601461035	Purchase	1,339	45.19
US4601461035	Purchase	2,943	45.18
US4601461035	Purchase	24,972	45.32
US4601461035	Sale	721	45.32
US4601461035	Sale	21	44.71
US4601461035	Purchase	3,461	45.29
US4601461035	Sale	1,003	45.29
US4601461035	Purchase	2,451	45.23
US4601461035	Purchase	972	45.22
US4601461035	Purchase	571	45.27
US4601461035	Sale	400	45.27
US4601461035	Purchase	2,183	45.17
US4601461035	Purchase	18,023	45.20
US4601461035	Sale	100	44.92
US4601461035	Purchase	2,020	45.28
US4601461035	Sale	1,400	45.28
US4601461035	Purchase	150	45.14
US4601461035	Purchase	1,750	45.16
US4601461035	Purchase	1,218	45.24
US4601461035	Purchase	5,000	45.21
US4601461035	Purchase	127	45.25
US4601461035	Purchase	1,858	45.41
US4601461035	Purchase	13,569	45.30
US4601461035	Sale	1,500	45.30
US4601461035	Purchase	3,120	45.31
US4601461035	Sale	1,000	45.31
US4601461035	Purchase	101,869	45.37
US4601461035	Purchase	24,874	45.34
US4601461035	Purchase	1,697	45.40
US4601461035	Purchase	300	45.46
US4601461035	Purchase	18,142	45.26
US4601461035	Purchase	7,483	45.39
US4601461035	Purchase	3,600	45.36
US4601461035	Purchase	6,928	45.38
US4601461035	Purchase	16,607	45.35
US4601461035	Sale	152	45.35
US4601461035	Purchase	100	45.33
US4601461035	Purchase	9	45.32
US4601461035	Purchase	500	45.29
US4601461035	Purchase	100	45.28
US4601461035	Purchase	233	45.31
US4601461035	Purchase	12,346	45.37
US4601461035	Purchase	118	45.34
US4601461035	Purchase	90	45.36
US4601461035	Purchase	18	45.38
US4601461035	Purchase	9	45.42
US4601461035	Sale	4,625	45.37
US4601461035	Sale	100	44.95
US4601461035	Sale	142	44.80
US4601461035	Sale	100	44.65
US4601461035	Sale	57	44.83
US4601461035	Sale	100	44.75
US4601461035	Sale	100	44.84
US4601461035	Sale	200	45.19
US4601461035	Sale	100	45.12
US4601461035	Sale	192	44.98
US4601461035	Sale	200	45.00
US4601461035	Sale	100	45.17
US4601461035	Sale	100	45.20
US4601461035	Sale	66	44.92
US4601461035	Sale	300	45.14
US4601461035	Sale	230	45.16
US4601461035	Sale	134	44.91
US4601461035	Sale	100	44.86
US4601461035	Sale	16	45.37
US4601461035	Sale	29	44.87
US4601461035	Sale	100	44.93
US4601461035	Sale	200	45.11
US4601461035	Purchase	855	45.33
US4601461035	Purchase	2,642	45.32
US4601461035	Purchase	895	45.29
US4601461035	Purchase	200	45.27
US4601461035	Purchase	651	45.28
US4601461035	Purchase	157	45.25
US4601461035	Purchase	56	45.41
US4601461035	Purchase	258	45.30
US4601461035	Purchase	407	45.31
US4601461035	Purchase	13,206	45.37
US4601461035	Purchase	100	45.34
US4601461035	Purchase	437	45.38
US4601461035	Purchase	300	45.35
US4601461035	Purchase	177	45.44
US4601461035	Purchase	242	45.43
US4601461035	Sale	20,583	45.37
US4601461035	Purchase	1	45.33
US4601461035	Purchase	80	44.53
US4601461035	Sale	194	45.15
US4601461035	Sale	120	44.83
US4601461035	Sale	40	45.19
US4601461035	Sale	2,316	45.32

(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 (GBP)

(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 (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:	18^th June 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	100	35.00	American	1/17/2025
US4601461035	Call Option	Purchased	300	40.00	American	1/17/2025
US4601461035	Put Option	Purchased	800	32.50	American	1/17/2025
US4601461035	Put Option	Purchased	800	35.00	American	6/21/2024
US4601461035	Put Option	Purchased	1,200	35.00	American	7/19/2024
US4601461035	Call Option	Purchased	27,000	37.50	American	7/19/2024
US4601461035	Call Option	Purchased	160,000	42.50	American	9/20/2024
US4601461035	Call Option	Purchased	304,800	42.50	American	6/21/2024
US4601461035	Call Option	Purchased	170,000	42.50	American	10/18/2024
US4601461035	Put Option	Written	125,000	37.50	American	6/21/2024
US4601461035	Call Option	Purchased	12,200	45.00	American	1/17/2025
US4601461035	Call Option	Purchased	400	45.00	American	10/18/2024
US4601461035	Call Option	Purchased	17,200	45.00	American	9/20/2024
US4601461035	Call Option	Purchased	10,000	50.00	American	9/20/2024
US4601461035	Call Option	Purchased	10,000	47.50	American	9/20/2024

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: 1236772

Time of Receipt (offset from UTC): 20240618T143433+0100