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	11-09-2024
(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	0.0	7,800,231	2.24
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	400,000	0.11	0	0
TOTAL:	400,000	0.11	7,800,231	2.24

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 (USD)
Common Stock	Sale	7	46.43
Common Stock	Sale	10	46.66
Common Stock	Sale	11	46.52
Common Stock	Sale	21	46.69
Common Stock	Sale	48	47.11
Common Stock	Sale	50	46.74
Common Stock	Sale	64	46.59
Common Stock	Sale	64	47.15
Common Stock	Sale	65	46.39
Common Stock	Sale	100	46.41
Common Stock	Sale	100	46.62
Common Stock	Sale	100	47.09
Common Stock	Sale	100	47.13
Common Stock	Sale	101	46.37
Common Stock	Sale	126	47.11
Common Stock	Sale	128	46.63
Common Stock	Sale	172	47.03
Common Stock	Sale	213	46.57
Common Stock	Sale	245	47.12
Common Stock	Sale	278	47.10
Common Stock	Sale	281	46.53
Common Stock	Sale	295	47.06
Common Stock	Sale	348	47.16
Common Stock	Sale	358	47.08
Common Stock	Sale	376	46.58
Common Stock	Sale	386	46.67
Common Stock	Sale	400	46.76
Common Stock	Sale	408	46.64
Common Stock	Sale	452	47.17
Common Stock	Sale	475	46.56
Common Stock	Sale	485	46.52
Common Stock	Sale	507	47.09
Common Stock	Sale	574	46.54
Common Stock	Sale	581	46.40
Common Stock	Sale	619	46.43
Common Stock	Sale	625	47.07
Common Stock	Sale	673	46.42
Common Stock	Sale	684	46.65
Common Stock	Sale	826	46.47
Common Stock	Sale	997	46.46
Common Stock	Sale	1237	46.45
Common Stock	Sale	1689	46.51
Common Stock	Sale	1907	46.48
Common Stock	Sale	1999	46.44
Common Stock	Sale	2089	46.50
Common Stock	Sale	2116	46.49
Common Stock	Sale	2167	47.14
Common Stock	Sale	7220	47.13
Common Stock	Purchase	30	47.00
Common Stock	Purchase	44	46.45
Common Stock	Purchase	49	46.64
Common Stock	Purchase	52	46.87
Common Stock	Purchase	61	46.90
Common Stock	Purchase	78	46.34
Common Stock	Purchase	84	46.70
Common Stock	Purchase	100	46.36
Common Stock	Purchase	100	46.49
Common Stock	Purchase	100	46.66
Common Stock	Purchase	100	46.73
Common Stock	Purchase	100	46.77
Common Stock	Purchase	100	46.77
Common Stock	Purchase	100	46.81
Common Stock	Purchase	100	46.93
Common Stock	Purchase	100	46.98
Common Stock	Purchase	100	47.04
Common Stock	Purchase	110	46.52
Common Stock	Purchase	110	46.68
Common Stock	Purchase	110	47.02
Common Stock	Purchase	118	46.37
Common Stock	Purchase	120	47.12
Common Stock	Purchase	127	46.96
Common Stock	Purchase	139	46.63
Common Stock	Purchase	151	46.48
Common Stock	Purchase	162	46.61
Common Stock	Purchase	167	46.86
Common Stock	Purchase	176	46.44
Common Stock	Purchase	182	46.54
Common Stock	Purchase	187	46.84
Common Stock	Purchase	200	46.92
Common Stock	Purchase	200	47.09
Common Stock	Purchase	202	46.35
Common Stock	Purchase	202	46.85
Common Stock	Purchase	208	46.91
Common Stock	Purchase	210	46.42
Common Stock	Purchase	210	47.01
Common Stock	Purchase	241	46.59
Common Stock	Purchase	255	46.79
Common Stock	Purchase	271	46.77
Common Stock	Purchase	279	46.46
Common Stock	Purchase	290	46.88
Common Stock	Purchase	292	46.94
Common Stock	Purchase	294	47.15
Common Stock	Purchase	301	47.02
Common Stock	Purchase	309	46.60
Common Stock	Purchase	324	46.40
Common Stock	Purchase	376	46.72
Common Stock	Purchase	418	46.95
Common Stock	Purchase	420	47.03
Common Stock	Purchase	430	46.97
Common Stock	Purchase	445	47.05
Common Stock	Purchase	500	47.08
Common Stock	Purchase	502	46.65
Common Stock	Purchase	502	47.10
Common Stock	Purchase	517	46.89
Common Stock	Purchase	546	46.43
Common Stock	Purchase	558	47.06
Common Stock	Purchase	570	46.58
Common Stock	Purchase	600	47.14
Common Stock	Purchase	614	46.78
Common Stock	Purchase	630	47.11
Common Stock	Purchase	641	46.75
Common Stock	Purchase	668	47.09
Common Stock	Purchase	687	46.53
Common Stock	Purchase	725	46.48
Common Stock	Purchase	753	47.07
Common Stock	Purchase	803	46.71
Common Stock	Purchase	849	46.47
Common Stock	Purchase	851	46.76
Common Stock	Purchase	918	46.73
Common Stock	Purchase	948	46.56
Common Stock	Purchase	1018	46.74
Common Stock	Purchase	1034	46.67
Common Stock	Purchase	1035	46.93
Common Stock	Purchase	1264	46.66
Common Stock	Purchase	1374	46.55
Common Stock	Purchase	1394	46.69
Common Stock	Purchase	1484	46.49
Common Stock	Purchase	1485	46.57
Common Stock	Purchase	1514	46.50
Common Stock	Purchase	1542	46.68
Common Stock	Purchase	1560	46.54
Common Stock	Purchase	1623	46.51
Common Stock	Purchase	1823	46.70
Common Stock	Purchase	2145	47.08
Common Stock	Purchase	2271	46.45
Common Stock	Purchase	3485	46.52
Common Stock	Purchase	3939	47.13

(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:	12-09-2024
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	Call option IP US 09/20/24 C50 Equity	Purchase	120,000	USD 50	American	09/20/24
Common Stock	Call Option IP US 09/20/24 C50 Equity	Purchase	280,000	USD 50	American	09/20/24

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: 1249394

Time of Receipt (offset from UTC): 20240912T130859+0100