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	25^th 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:	1,999,152	0.576%	2,485,533	0.716%
(2) Cash-settled derivatives:	11,857	0.003%	1,954,151	0.563%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,700	0.004%	102,800	0.030%
TOTAL:	2,023,709	0.583%	4,542,484	1.308%

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	1,211	48.57
US4601461035	Purchase	64	48.77
US4601461035	Purchase	35	48.65
US4601461035	Purchase	80	48.80
US4601461035	Purchase	1,229	48.59
US4601461035	Purchase	360	48.51
US4601461035	Purchase	1,225	48.54
US4601461035	Purchase	106	48.74
US4601461035	Purchase	9	48.69
US4601461035	Purchase	53	48.70
US4601461035	Purchase	2,445	48.56
US4601461035	Purchase	1,198	48.55
US4601461035	Purchase	10	48.81
US4601461035	Purchase	651	48.73
US4601461035	Purchase	72	48.71
US4601461035	Purchase	261	48.53
US4601461035	Purchase	715	48.52
US4601461035	Purchase	930	48.58
US4601461035	Purchase	150	48.76
US4601461035	Purchase	2,574	48.57
US4601461035	Sale	16,068	48.57
US4601461035	Purchase	432	48.96
US4601461035	Purchase	135	48.63
US4601461035	Purchase	1,103	48.60
US4601461035	Purchase	200	48.50
US4601461035	Purchase	19	48.72
US4601461035	Purchase	407	48.62
US4601461035	Purchase	94	48.66
US4601461035	Purchase	137	48.68
US4601461035	Purchase	6	48.75
US4601461035	Purchase	83	48.45
US4601461035	Purchase	280	48.44
US4601461035	Purchase	530	48.47
US4601461035	Purchase	4	48.82
US4601461035	Purchase	2	48.43
US4601461035	Purchase	113	48.39
US4601461035	Purchase	313	48.61
US4601461035	Purchase	43	48.37
US4601461035	Purchase	89,111	48.57
US4601461035	Sale	87,900	48.57
US4601461035	Purchase	2,867	48.59
US4601461035	Purchase	5,676	48.51
US4601461035	Purchase	5,065	48.54
US4601461035	Sale	113	48.54
US4601461035	Purchase	4,646	48.56
US4601461035	Purchase	8,541	48.55
US4601461035	Purchase	12,107	48.53
US4601461035	Sale	68	48.53
US4601461035	Purchase	5,608	48.52
US4601461035	Purchase	2,287	48.58
US4601461035	Purchase	2,825	48.49
US4601461035	Purchase	2,055	48.48
US4601461035	Purchase	1,215	48.57
US4601461035	Sale	65,914	48.57
US4601461035	Purchase	615	48.60
US4601461035	Purchase	412	48.50
US4601461035	Purchase	106	48.42
US4601461035	Purchase	200	48.45
US4601461035	Purchase	200	48.44
US4601461035	Purchase	100	48.41
US4601461035	Purchase	100	48.43
US4601461035	Purchase	300	48.39
US4601461035	Purchase	618	48.38
US4601461035	Purchase	748	48.65
US4601461035	Purchase	469	48.59
US4601461035	Purchase	118	48.51
US4601461035	Purchase	373	48.54
US4601461035	Purchase	271	48.69
US4601461035	Purchase	1,390	48.70
US4601461035	Purchase	16,312	48.56
US4601461035	Sale	16,073	48.56
US4601461035	Purchase	420	48.55
US4601461035	Purchase	835	48.81
US4601461035	Purchase	15,458	48.73
US4601461035	Purchase	858	48.71
US4601461035	Purchase	3,306	48.53
US4601461035	Sale	243	48.53
US4601461035	Purchase	3,321	48.52
US4601461035	Purchase	545	48.58
US4601461035	Purchase	2	48.49
US4601461035	Purchase	3,777	48.57
US4601461035	Purchase	256	48.79
US4601461035	Purchase	1,389	48.67
US4601461035	Purchase	161	48.60
US4601461035	Purchase	10	48.50
US4601461035	Purchase	1,966	48.62
US4601461035	Purchase	275	48.66
US4601461035	Purchase	510	48.44
US4601461035	Purchase	138	48.41
US4601461035	Purchase	451	48.43
US4601461035	Purchase	1,152	48.61
US4601461035	Purchase	249	48.85
US4601461035	Purchase	102	48.37
US4601461035	Purchase	454	48.46
US4601461035	Purchase	6	48.40
US4601461035	Purchase	55	48.33
US4601461035	Sale	42	48.77
US4601461035	Sale	14	48.80
US4601461035	Sale	253	48.74
US4601461035	Purchase	16,258	48.56
US4601461035	Sale	16,258	48.56
US4601461035	Sale	16,258	48.73
US4601461035	Sale	191	48.76
US4601461035	Purchase	16,068	48.57
US4601461035	Sale	2,696	48.57
US4601461035	Sale	10	48.79
US4601461035	Sale	1	48.72
US4601461035	Sale	282	48.75
US4601461035	Sale	18	48.78
US4601461035	Purchase	373	48.77
US4601461035	Purchase	156	48.65
US4601461035	Sale	8	48.65
US4601461035	Purchase	596	48.80
US4601461035	Purchase	3	48.59
US4601461035	Sale	904	48.59
US4601461035	Purchase	25	48.51
US4601461035	Sale	141	48.51
US4601461035	Purchase	84	48.54
US4601461035	Sale	1,606	48.54
US4601461035	Sale	35	48.74
US4601461035	Purchase	53	48.69
US4601461035	Purchase	105	48.70
US4601461035	Sale	290	48.70
US4601461035	Purchase	400	48.56
US4601461035	Sale	3,798	48.56
US4601461035	Purchase	463	48.55
US4601461035	Sale	266	48.55
US4601461035	Purchase	67	48.81
US4601461035	Purchase	179	48.73
US4601461035	Sale	102	48.73
US4601461035	Purchase	159	48.71
US4601461035	Purchase	727	48.53
US4601461035	Sale	38	48.53
US4601461035	Purchase	56	48.52
US4601461035	Sale	1,086	48.52
US4601461035	Purchase	417	48.58
US4601461035	Sale	169	48.58
US4601461035	Purchase	56	48.76
US4601461035	Sale	401	48.76
US4601461035	Purchase	104	48.48
US4601461035	Purchase	775	48.57
US4601461035	Sale	22,600	48.57
US4601461035	Purchase	3	48.79
US4601461035	Purchase	3,714	48.96
US4601461035	Purchase	691	48.64
US4601461035	Sale	26	48.64
US4601461035	Purchase	99	48.63
US4601461035	Purchase	101	48.67
US4601461035	Sale	648	48.67
US4601461035	Purchase	143	48.60
US4601461035	Sale	39	48.60
US4601461035	Purchase	73	48.50
US4601461035	Purchase	152	48.42
US4601461035	Purchase	457	48.72
US4601461035	Sale	1,442	48.72
US4601461035	Purchase	100	48.62
US4601461035	Sale	139	48.62
US4601461035	Purchase	396	48.66
US4601461035	Sale	2	48.66
US4601461035	Purchase	551	48.68
US4601461035	Purchase	515	48.75
US4601461035	Purchase	3	48.41
US4601461035	Purchase	43	48.47
US4601461035	Sale	196	48.47
US4601461035	Purchase	70	48.43
US4601461035	Purchase	19	48.39
US4601461035	Sale	2	48.39
US4601461035	Purchase	40	48.38
US4601461035	Purchase	303	48.35
US4601461035	Purchase	279	48.61
US4601461035	Sale	166	48.61
US4601461035	Purchase	1	48.78
US4601461035	Purchase	263	48.37
US4601461035	Sale	24	48.37
US4601461035	Purchase	97	48.46
US4601461035	Purchase	402	48.36
US4601461035	Sale	80	48.34
US4601461035	Purchase	9	48.33
US4601461035	Sale	25	48.33
US4601461035	Sale	2	48.31
US4601461035	Purchase	232	48.77
US4601461035	Purchase	499	48.65
US4601461035	Purchase	2	48.80
US4601461035	Purchase	2,116	48.59
US4601461035	Purchase	2,083	48.51
US4601461035	Purchase	2,618	48.54
US4601461035	Purchase	1,737	48.74
US4601461035	Purchase	3,427	48.69
US4601461035	Purchase	4,091	48.70
US4601461035	Purchase	4,717	48.56
US4601461035	Sale	2,147	48.56
US4601461035	Purchase	3,926	48.55
US4601461035	Purchase	100	48.81
US4601461035	Purchase	2,930	48.73
US4601461035	Sale	905	48.71
US4601461035	Purchase	5,746	48.53
US4601461035	Sale	243	48.53
US4601461035	Purchase	3,475	48.52
US4601461035	Sale	48	48.52
US4601461035	Purchase	6,450	48.58
US4601461035	Sale	243	48.58
US4601461035	Purchase	5,315	48.49
US4601461035	Purchase	739	48.76
US4601461035	Purchase	114	48.48
US4601461035	Purchase	77,234	48.57
US4601461035	Sale	157,241	48.57
US4601461035	Purchase	6	48.79
US4601461035	Sale	11	48.79
US4601461035	Purchase	1,346	48.96
US4601461035	Purchase	1,840	48.64
US4601461035	Sale	2	48.64
US4601461035	Purchase	3,950	48.63
US4601461035	Purchase	1,501	48.67
US4601461035	Purchase	2,836	48.60
US4601461035	Purchase	4,342	48.50
US4601461035	Purchase	300	48.42
US4601461035	Purchase	225	48.72
US4601461035	Purchase	4,946	48.62
US4601461035	Purchase	1,569	48.66
US4601461035	Purchase	7,806	48.68
US4601461035	Sale	6	48.68
US4601461035	Purchase	846	48.75
US4601461035	Purchase	195	48.44
US4601461035	Purchase	53	48.41
US4601461035	Purchase	402	48.47
US4601461035	Purchase	12	48.82
US4601461035	Purchase	266	48.43
US4601461035	Purchase	438	48.39
US4601461035	Purchase	424	48.38
US4601461035	Purchase	1,829	48.61
US4601461035	Sale	5,408	48.61
US4601461035	Purchase	715	48.78
US4601461035	Sale	149	48.78
US4601461035	Purchase	100	48.37
US4601461035	Purchase	126	48.46
US4601461035	Purchase	63	48.40
US4601461035	Purchase	105	48.36
US4601461035	Purchase	250	48.34
US4601461035	Purchase	561	48.33
US4601461035	Purchase	943	48.57
US4601461035	Sale	943	48.56
US4601461035	Sale	268	48.57
US4601461035	Purchase	268	48.57
US4601461035	Purchase	5,694	48.57
US4601461035	Sale	5,679	48.57
US4601461035	Purchase	161,293	48.57
US4601461035	Purchase	65,914	48.57
US4601461035	Purchase	5,679	48.57
US4601461035	Sale	71,593	48.57
US4601461035	Sale	695	48.59
US4601461035	Sale	114	48.54
US4601461035	Purchase	345	48.56
US4601461035	Purchase	51	48.55
US4601461035	Sale	1,367	48.55
US4601461035	Purchase	557	48.52
US4601461035	Purchase	2,191	48.57
US4601461035	Sale	1,944	48.57
US4601461035	Sale	3	48.60
US4601461035	Purchase	307	48.50
US4601461035	Sale	885	48.50
US4601461035	Purchase	864	48.72

(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	Closing a short Position	148	48.66 USD
US4601461035	Equity Swap	Reducing a long Position	817	48.51 USD
US4601461035	Equity Swap	Increasing a long Position	2,017	48.74 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 (USD)
US4601461035	Put Option	Purchasing	1,300	47.50	American	17/01/2025	2.12

(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:	28^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	Put Option	Purchased	64,300	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	36,700	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: 1257750

Time of Receipt (offset from UTC): 20241028T134808+0000