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 October 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:	1,268,471	0.365%	2,246,354	0.647%
(2) Cash-settled derivatives:	28,808	0.008%	2,256,554	0.650%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	150,300	0.043%	114,700	0.033%
TOTAL:	1,447,579	0.417%	4,617,608	1.329%

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	221,574	47.95
US4601461035	Purchase	4,619	47.91
US4601461035	Purchase	2,714	47.87
US4601461035	Purchase	712	47.77
US4601461035	Purchase	4,576	47.94
US4601461035	Purchase	4,277	47.93
US4601461035	Purchase	1,478	47.85
US4601461035	Purchase	4,156	47.88
US4601461035	Purchase	629	47.74
US4601461035	Purchase	6,684	48.00
US4601461035	Purchase	100	47.70
US4601461035	Purchase	955	47.90
US4601461035	Purchase	176	47.83
US4601461035	Purchase	3,079	47.84
US4601461035	Purchase	45	47.95
US4601461035	Sale	35,691	47.95
US4601461035	Purchase	208	47.80
US4601461035	Purchase	125	47.76
US4601461035	Purchase	2	47.79
US4601461035	Purchase	5,263	47.86
US4601461035	Purchase	272	47.92
US4601461035	Purchase	5,347	47.89
US4601461035	Purchase	1	47.72
US4601461035	Purchase	100	47.73
US4601461035	Purchase	766	47.82
US4601461035	Purchase	30	47.75
US4601461035	Purchase	61	47.81
US4601461035	Purchase	100	47.65
US4601461035	Purchase	3	48.05
US4601461035	Purchase	100	48.04
US4601461035	Purchase	66	47.96
US4601461035	Purchase	231	47.97
US4601461035	Purchase	97	48.14
US4601461035	Purchase	1,217	47.98
US4601461035	Purchase	13	48.13
US4601461035	Purchase	86	48.08
US4601461035	Purchase	6	48.10
US4601461035	Sale	426,079	47.95
US4601461035	Sale	161,120	47.95
US4601461035	Purchase	100	47.91
US4601461035	Purchase	40	47.77
US4601461035	Purchase	100	47.94
US4601461035	Purchase	100	47.70
US4601461035	Purchase	443	47.90
US4601461035	Sale	443	47.90
US4601461035	Purchase	2	47.83
US4601461035	Purchase	200	47.84
US4601461035	Sale	41	47.95
US4601461035	Purchase	12,028	47.80
US4601461035	Sale	763	47.80
US4601461035	Purchase	700	47.76
US4601461035	Purchase	12,448	47.89
US4601461035	Sale	12,348	47.89
US4601461035	Purchase	200	47.71
US4601461035	Purchase	1,412	47.72
US4601461035	Purchase	400	47.73
US4601461035	Sale	1	47.78
US4601461035	Purchase	100	47.75
US4601461035	Purchase	1,099	47.91
US4601461035	Purchase	268	47.87
US4601461035	Purchase	1,191	47.77
US4601461035	Purchase	3,232	47.94
US4601461035	Purchase	1,570	47.93
US4601461035	Purchase	1,747	47.85
US4601461035	Purchase	25,996	47.88
US4601461035	Sale	43,304	47.88
US4601461035	Purchase	155	47.74
US4601461035	Purchase	539	48.00
US4601461035	Purchase	5,735	47.90
US4601461035	Sale	1,007	47.90
US4601461035	Purchase	2,786	47.83
US4601461035	Purchase	1,918	47.84
US4601461035	Purchase	1,950	47.95
US4601461035	Sale	79,023	47.95
US4601461035	Purchase	4,565	47.80
US4601461035	Purchase	789	47.76
US4601461035	Purchase	5	47.79
US4601461035	Purchase	5	47.69
US4601461035	Purchase	260	47.86
US4601461035	Purchase	3	47.92
US4601461035	Purchase	16,662	47.89
US4601461035	Purchase	341	47.71
US4601461035	Purchase	41	47.72
US4601461035	Purchase	18,648	47.67
US4601461035	Purchase	1,282	47.73
US4601461035	Purchase	18,634	47.82
US4601461035	Purchase	8,176	47.78
US4601461035	Purchase	940	47.75
US4601461035	Purchase	711	47.96
US4601461035	Purchase	772	47.97
US4601461035	Purchase	261	48.14
US4601461035	Purchase	1,385	47.98
US4601461035	Purchase	804	48.08
US4601461035	Purchase	580	48.17
US4601461035	Purchase	284	48.02
US4601461035	Sale	15	47.87
US4601461035	Sale	10	47.88
US4601461035	Purchase	35,691	47.95
US4601461035	Sale	658	47.95
US4601461035	Sale	100	47.82
US4601461035	Purchase	356	47.91
US4601461035	Sale	49	47.91
US4601461035	Purchase	430	47.87
US4601461035	Sale	542	47.87
US4601461035	Purchase	107	47.77
US4601461035	Sale	69	47.77
US4601461035	Purchase	100	47.94
US4601461035	Sale	712	47.94
US4601461035	Purchase	1,908	47.93
US4601461035	Sale	997	47.93
US4601461035	Purchase	2,381	47.85
US4601461035	Sale	1,609	47.85
US4601461035	Purchase	254	47.88
US4601461035	Sale	651	47.88
US4601461035	Purchase	41	47.74
US4601461035	Sale	7	47.74
US4601461035	Purchase	580	47.90
US4601461035	Sale	485	47.90
US4601461035	Purchase	85	47.83
US4601461035	Sale	288	47.83
US4601461035	Purchase	1,095	47.84
US4601461035	Sale	345	47.84
US4601461035	Purchase	306	47.95
US4601461035	Sale	19,765	47.95
US4601461035	Purchase	48	47.80
US4601461035	Sale	1	47.80
US4601461035	Purchase	14	47.76
US4601461035	Sale	125	47.76
US4601461035	Sale	12	47.79
US4601461035	Purchase	131	47.69
US4601461035	Sale	25	47.69
US4601461035	Purchase	709	47.86
US4601461035	Sale	385	47.86
US4601461035	Purchase	414	47.92
US4601461035	Sale	291	47.92
US4601461035	Purchase	1,060	47.89
US4601461035	Sale	797	47.89
US4601461035	Purchase	2	47.71
US4601461035	Sale	66	47.71
US4601461035	Purchase	24	47.72
US4601461035	Sale	81	47.72
US4601461035	Purchase	5	48.23
US4601461035	Purchase	2	47.67
US4601461035	Sale	50	47.67
US4601461035	Purchase	11	48.11
US4601461035	Purchase	51	47.73
US4601461035	Purchase	49	47.82
US4601461035	Sale	1,014	47.82
US4601461035	Purchase	122	47.78
US4601461035	Sale	9	47.78
US4601461035	Purchase	155	47.75
US4601461035	Sale	6	47.75
US4601461035	Purchase	1,445	47.81
US4601461035	Sale	306	47.81
US4601461035	Purchase	30	48.04
US4601461035	Purchase	1	47.96
US4601461035	Sale	92	47.96
US4601461035	Purchase	1	47.97
US4601461035	Purchase	20	48.07
US4601461035	Purchase	87	48.03
US4601461035	Purchase	5	48.14
US4601461035	Sale	23	48.13
US4601461035	Purchase	100	48.15
US4601461035	Sale	4	48.15
US4601461035	Sale	51	48.08
US4601461035	Purchase	12	48.17
US4601461035	Sale	12	48.12
US4601461035	Purchase	5	48.27
US4601461035	Purchase	147	48.06
US4601461035	Sale	135	48.06
US4601461035	Sale	31	48.01
US4601461035	Purchase	145	48.16
US4601461035	Purchase	25	48.09
US4601461035	Sale	30	48.09
US4601461035	Purchase	2	48.20
US4601461035	Purchase	73	48.24
US4601461035	Purchase	6	48.02
US4601461035	Purchase	264	47.99
US4601461035	Sale	153	47.99
US4601461035	Purchase	197	48.18
US4601461035	Purchase	6	47.58
US4601461035	Purchase	2	48.22
US4601461035	Sale	3,884	47.91
US4601461035	Purchase	221	47.87
US4601461035	Sale	12,613	47.87
US4601461035	Purchase	312	47.77
US4601461035	Sale	52,713	47.77
US4601461035	Sale	3,593	47.94
US4601461035	Purchase	317	47.93
US4601461035	Sale	3,219	47.93
US4601461035	Purchase	1,197	47.85
US4601461035	Sale	21,002	47.85
US4601461035	Purchase	25,805	47.88
US4601461035	Sale	30,038	47.88
US4601461035	Sale	2,800	47.74
US4601461035	Sale	2,600	48.00
US4601461035	Purchase	1,297	47.90
US4601461035	Sale	22,397	47.90
US4601461035	Purchase	15	47.83
US4601461035	Sale	3,213	47.83
US4601461035	Purchase	722	47.84
US4601461035	Sale	13,746	47.84
US4601461035	Purchase	426,589	47.95
US4601461035	Sale	26,385	47.95
US4601461035	Purchase	737	47.80
US4601461035	Sale	9,494	47.80
US4601461035	Purchase	100	47.76
US4601461035	Sale	65,498	47.76
US4601461035	Purchase	6	47.79
US4601461035	Sale	36,270	47.79
US4601461035	Purchase	7	47.69
US4601461035	Purchase	327	47.86
US4601461035	Sale	63,686	47.86
US4601461035	Sale	8,503	47.92
US4601461035	Purchase	30,690	47.89
US4601461035	Sale	40,076	47.89
US4601461035	Sale	1,652	47.71
US4601461035	Sale	1,984	47.72
US4601461035	Sale	18,597	47.67
US4601461035	Purchase	55	47.73
US4601461035	Sale	1,200	47.73
US4601461035	Sale	19,226	47.82
US4601461035	Purchase	146	47.78
US4601461035	Sale	1,584	47.78
US4601461035	Sale	10,660	47.75
US4601461035	Purchase	610	47.81
US4601461035	Sale	15,353	47.81
US4601461035	Sale	2,327	47.97
US4601461035	Sale	500	48.07
US4601461035	Sale	100	48.14
US4601461035	Sale	100	48.13
US4601461035	Sale	102	48.08
US4601461035	Sale	164	48.06
US4601461035	Purchase	24	48.09
US4601461035	Sale	100	48.09
US4601461035	Sale	1,226	48.02
US4601461035	Purchase	66	47.66
US4601461035	Purchase	399	47.91
US4601461035	Purchase	1,430	47.87
US4601461035	Purchase	212	47.94
US4601461035	Purchase	595	47.85
US4601461035	Purchase	239	47.88
US4601461035	Purchase	466	47.95
US4601461035	Purchase	108	47.80
US4601461035	Purchase	596	47.86
US4601461035	Purchase	137	47.81
US4601461035	Purchase	100	47.96
US4601461035	Purchase	41	47.95
US4601461035	Sale	41	47.95
US4601461035	Sale	701	47.87
US4601461035	Purchase	114	47.94
US4601461035	Sale	2	47.93
US4601461035	Sale	112	47.85
US4601461035	Purchase	18	47.88
US4601461035	Sale	374	47.88
US4601461035	Sale	53	47.90
US4601461035	Sale	6,980	47.95
US4601461035	Purchase	244	47.80
US4601461035	Sale	1,023	47.86
US4601461035	Purchase	1,250	47.89
US4601461035	Sale	76	48.23

(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	Reducing a long position	1874	47.88 USD
US4601461035	Equity Swap	Reducing a long position	1285	47.85 USD
US4601461035	Equity Swap	Increasing a short position	676	47.95 USD
US4601461035	Equity Swap	Increasing a short position	755	47.90 USD
US4601461035	Equity Swap	Increasing a short position	212,534	36.34 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
US4601461035	Put Option	Purchasing	1,200	47.50	American	17/01/2025

(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:	4^th October 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	17/01/2025
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	Call Option	Purchased	400	45.00	American	18/10/2024
US4601461035	Put Option	Written	100,000	37.50	American	18/10/2024
US4601461035	Put Option	Purchased	55,900	45.00	American	17/01/2025
US4601461035	Put Option	Purchased	7,400	45.00	American	18/10/2024
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	6,600	42.50	American	18/10/2024
US4601461035	Call Option	Purchased	37,200	47.50	American	18/10/2024
US4601461035	Put Option	Purchased	16,100	47.50	American	18/10/2024
US4601461035	Put Option	Purchased	3,100	47.00	American	25/10/2024
US4601461035	Put Option	Purchased	23,800	47.50	American	17/01/2025
US4601461035	Put Option	Purchased	1,000	50.00	American	17/01/2025

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: 1253476

Time of Receipt (offset from UTC): 20241004T145723+0100