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:	Balyasny Asset 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	24/07/2024
(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 ISIN: US4601461035
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	5,254,962	1.51	1,112,870	0.32
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL:	5,254,962	1.51	1,112,870	0.32

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
$ Common Stock	Purchase	17,786	USD 45.33
$ Common Stock	Purchase	142	USD 45.54
$ Common Stock	Sale	22,084	USD 45.78
$ Common Stock	Purchase	27,389	USD 45.87
$ Common Stock	Purchase	11,238	USD 45.94
$ Common Stock	Purchase	5	USD 46.03
$ Common Stock	Purchase	1,121	USD 46.20
$ Common Stock	Purchase	3,747	USD 46.20
$ Common Stock	Purchase	897	USD 46.28
$ Common Stock	Purchase	358	USD 46.28
$ Common Stock	Sale	5	USD 46.28
$ Common Stock	Sale	4	USD 46.28
$ Common Stock	Sale	3,005	USD 46.38
$ Common Stock	Sale	1,716	USD 46.39
$ Common Stock	Purchase	639	USD 46.41
$ Common Stock	Purchase	811	USD 46.42
$ Common Stock	Sale	2	USD 46.42
$ Common Stock	Purchase	31,311	USD 46.42
$ Common Stock	Sale	23,316	USD 46.45
$ Common Stock	Sale	61,267	USD 46.47
$ Common Stock	Sale	2,226	USD 46.49
$ Common Stock	Sale	134,446	USD 46.52
$ Common Stock	Purchase	22,136	USD 46.54
$ Common Stock	Purchase	36,473	USD 46.55
$ Common Stock	Sale	21,557	USD 46.56
$ Common Stock	Sale	108,372	USD 46.57
$ Common Stock	Purchase	14,130	USD 46.57
$ Common Stock	Purchase	2,311	USD 46.59
$ Common Stock	Sale	6,382	USD 46.60
$ Common Stock	Sale	11,799	USD 46.62
$ Common Stock	Purchase	125	USD 46.63
$ Common Stock	Sale	68	USD 46.64
$ Common Stock	Sale	290	USD 46.64
$ Common Stock	Sale	892	USD 46.65
$ Common Stock	Purchase	50,564	USD 46.65
$ Common Stock	Purchase	17,514	USD 46.66
$ Common Stock	Sale	113,083	USD 46.68
$ Common Stock	Purchase	55	USD 46.68
$ Common Stock	Sale	1,450	USD 46.69
$ Common Stock	Purchase	77	USD 46.69
$ Common Stock	Sale	97,029	USD 46.70
$ Common Stock	Sale	3,967	USD 46.70
$ Common Stock	Sale	3,584	USD 46.70
$ Common Stock	Sale	945	USD 46.70
$ Common Stock	Purchase	41	USD 46.71
$ Common Stock	Sale	700	USD 46.71
$ Common Stock	Sale	97	USD 46.71
$ Common Stock	Sale	499	USD 46.72
$ Common Stock	Sale	79,283	USD 46.72
$ Common Stock	Sale	106,860	USD 46.74
$ Common Stock	Sale	114	USD 46.74
$ Common Stock	Sale	128	USD 46.74
$ Common Stock	Sale	1,357	USD 46.74
$ Common Stock	Sale	13,970	USD 46.75
$ Common Stock	Sale	58	USD 46.75
$ Common Stock	Sale	106,928	USD 46.76
$ Common Stock	Purchase	192	USD 46.76
$ Common Stock	Sale	9,942	USD 46.76
$ Common Stock	Sale	4,389	USD 46.77
$ Common Stock	Purchase	1,379	USD 46.77
$ Common Stock	Sale	5	USD 46.77
$ Common Stock	Sale	7,575	USD 46.77
$ Common Stock	Sale	31,695	USD 46.78
$ Common Stock	Sale	86	USD 46.78
$ Common Stock	Sale	200	USD 46.78
$ Common Stock	Sale	465	USD 46.79
$ Common Stock	Purchase	13	USD 46.80
$ Common Stock	Sale	107,580	USD 46.81
$ Common Stock	Sale	202	USD 46.81
$ Common Stock	Purchase	26	USD 46.83
$ Common Stock	Purchase	55,127	USD 46.83
$ Common Stock	Sale	88	USD 46.83
$ Common Stock	Sale	15,926	USD 46.83
$ Common Stock	Sale	610	USD 46.84
$ Common Stock	Sale	702	USD 46.84
$ Common Stock	Purchase	5,201	USD 46.85
$ Common Stock	Sale	1,198	USD 46.85
$ Common Stock	Sale	4,765	USD 46.87
$ Common Stock	Sale	7,096	USD 46.87
$ Common Stock	Sale	18,537	USD 46.88
$ Common Stock	Sale	157	USD 46.88
$ Common Stock	Sale	295	USD 46.89
$ Common Stock	Sale	1,022	USD 46.89
$ Common Stock	Sale	22,500	USD 46.90
$ Common Stock	Sale	95,419	USD 46.90
$ Common Stock	Purchase	5	USD 46.90
$ Common Stock	Sale	17,399	USD 46.90
$ Common Stock	Sale	6,116	USD 46.90
$ Common Stock	Sale	86	USD 46.90
$ Common Stock	Sale	201	USD 46.90
$ Common Stock	Sale	19,552	USD 46.91
$ Common Stock	Sale	106,791	USD 46.92
$ Common Stock	Sale	10	USD 46.94
$ Common Stock	Sale	43	USD 46.96
$ Common Stock	Sale	240	USD 46.97
$ Common Stock	Purchase	46	USD 46.98
$ Common Stock	Sale	548	USD 46.99
$ Common Stock	Sale	13,991	USD 47.04
$ Common Stock	Purchase	81	USD 47.05
$ Common Stock	Sale	7,155	USD 47.06
$ Common Stock	Sale	106,067	USD 47.07
$ Common Stock	Sale	2	USD 47.07
$ Common Stock	Sale	21,777	USD 47.08
$ Common Stock	Sale	10,889	USD 47.09
$ Common Stock	Sale	267	USD 47.09
$ Common Stock	Sale	12,700	USD 47.09

(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

(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	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
$ Common Stock	Call option	Selling	150,000	USD 49	American	26/07/2024	USD 0.07
$ Common Stock	Call option	Selling	85,000	USD 42.5	American	18/10/2024	USD 5.22

(ii) Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(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?

No

Date of disclosure:	25/07/2024
Contact name:	Jack Satt
Telephone number*:	[phone]

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].

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Category Code: RET

Sequence Number: 1242002

Time of Receipt (offset from UTC): 20240725T151603+0100