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:	Qube Research & Technologies Limited
(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	17-06-2024
(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 - DS Smith 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
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0	3,783,149	1.09
(2) Cash-settled derivatives:	0	0	0	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	400,000*	0.115	0	0
TOTAL:	400,000	0.115	0	0

*This long position relates to a reverse collar transaction. See supplemental form 8 for full details

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:	0
Details, including nature of the rights concerned and relevant percentages:	0

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
Common Stock	Purchase	100	44.61
Common Stock	Purchase	17	44.63
Common Stock	Purchase	100	44.655
Common Stock	Purchase	100	44.67
Common Stock	Purchase	111	44.69
Common Stock	Purchase	100	44.74
Common Stock	Purchase	60	44.75
Common Stock	Purchase	101	44.76
Common Stock	Purchase	146	44.79
Common Stock	Purchase	440	44.83
Common Stock	Purchase	187	44.9
Common Stock	Purchase	1100	44.95
Common Stock	Purchase	100	44.96
Common Stock	Purchase	43	44.99
Common Stock	Purchase	100	45
Common Stock	Purchase	8	45.05
Common Stock	Purchase	111	45.08
Common Stock	Purchase	42	45.11
Common Stock	Purchase	44	45.12
Common Stock	Purchase	19	45.16
Common Stock	Purchase	11	45.17
Common Stock	Purchase	514	45.18
Common Stock	Purchase	9	45.19
Common Stock	Purchase	111	45.21
Common Stock	Purchase	261	45.22
Common Stock	Purchase	53	45.23
Common Stock	Purchase	712	45.27
Common Stock	Purchase	207	45.28
Common Stock	Purchase	1000	45.29
Common Stock	Purchase	1046	45.3
Common Stock	Purchase	1834	45.31
Common Stock	Purchase	1228	45.32
Common Stock	Purchase	354	45.33
Common Stock	Purchase	144	45.34
Common Stock	Purchase	307	45.36
Common Stock	Purchase	1400	45.37
Common Stock	Purchase	150	45.39
Common Stock	Purchase	10	45.395
Common Stock	Purchase	391	45.4
Common Stock	Purchase	1	45.405
Common Stock	Purchase	29	45.41
Common Stock	Purchase	67	45.42
Common Stock	Purchase	12	45.44
Common Stock	Purchase	58	45.48
Common Stock	Purchase	31160	45.37
Common Stock	Sale	91	44.51
Common Stock	Sale	32	44.61
Common Stock	Sale	104	44.62
Common Stock	Sale	65	44.63
Common Stock	Sale	110	44.635
Common Stock	Sale	141	44.64
Common Stock	Sale	5	44.71
Common Stock	Sale	124	44.77
Common Stock	Sale	92	44.78
Common Stock	Sale	203	44.8
Common Stock	Sale	107	44.82
Common Stock	Sale	45	44.83
Common Stock	Sale	100	44.85
Common Stock	Sale	100	44.88
Common Stock	Sale	100	44.89
Common Stock	Sale	64	44.9
Common Stock	Sale	22	44.94
Common Stock	Sale	167	44.96
Common Stock	Sale	200	44.99
Common Stock	Sale	64	45
Common Stock	Sale	61	45.03
Common Stock	Sale	90	45.04
Common Stock	Sale	140	45.05
Common Stock	Sale	81	45.17
Common Stock	Sale	47	45.18
Common Stock	Sale	97	45.19
Common Stock	Sale	100	45.22
Common Stock	Sale	23	45.23
Common Stock	Sale	100	45.265
Common Stock	Sale	834	45.27
Common Stock	Sale	100	45.275
Common Stock	Sale	1086	45.28
Common Stock	Sale	100	45.285
Common Stock	Sale	934	45.29
Common Stock	Sale	300	45.295
Common Stock	Sale	1804	45.3
Common Stock	Sale	100	45.305
Common Stock	Sale	1407	45.31
Common Stock	Sale	300	45.315
Common Stock	Sale	1524	45.32
Common Stock	Sale	350	45.33
Common Stock	Sale	416	45.34
Common Stock	Sale	209	45.35
Common Stock	Sale	281	45.36
Common Stock	Sale	34712	45.37
Common Stock	Sale	119	45.39
Common Stock	Sale	100	45.46

(b) Cash-settled derivative transactions

Class of relevant security

Product description e.g. call option

Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of securities

Exercise price per unit (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

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
0	0	0	0	0

(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)
0	0	0	0

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:	18-06-2024
Contact name:	Stuart Brown
Telephone number:	00442070722969

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

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:	Qube Research & Technologies Limited
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	Type e.g. American, European etc.	Expiry date
Common Stock	Put Option IP US 07/19/24 P40 Equity	Written	60,000	USD 40	American	07/19/24
Common Stock	Call option IP US 09/20/24 C50 Equity	Purchase	120,000	USD 50	American	09/20/24
Common Stock	Put Option IP US07/19/24 P37.5 Equity	Written	60,000	USD 37.5	American	07/19/24
Common Stock	Put Option IP US 07/19/24 P40 Equity	Written	140,000	USD 40	American	07/19/24
Common Stock	Call Option IP US 09/20/24 C50 Equity	Purchase	280,000	USD 50	American	09/20/24
Common Stock	Put Option IP US 07/19/24 P37.5 Equity	Written	140,000	USD 37.5	American	07/19/24

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: 1236111

Time of Receipt (offset from UTC): 20240618T132633+0100