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	20-11-2024
(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	7,286,024	2.09
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	10,400	0.003	9,100	0.002
TOTAL:	10,400	0.003	7,295,124	2.09

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	5	58.13
Common Stock	Sale	6	58.45
Common Stock	Sale	7	57.22
Common Stock	Sale	8	59.15
Common Stock	Sale	10	59.30
Common Stock	Sale	10	59.46
Common Stock	Sale	13	57.63
Common Stock	Sale	13	59.38
Common Stock	Sale	15	57.31
Common Stock	Sale	15	58.05
Common Stock	Sale	18	57.44
Common Stock	Sale	19	58.58
Common Stock	Sale	20	57.38
Common Stock	Sale	20	57.86
Common Stock	Sale	20	58.95
Common Stock	Sale	22	58.61
Common Stock	Sale	22	58.69
Common Stock	Sale	23	58.50
Common Stock	Sale	23	58.52
Common Stock	Sale	24	57.33
Common Stock	Sale	24	60.15
Common Stock	Sale	25	58.83
Common Stock	Sale	28	58.88
Common Stock	Sale	29	58.93
Common Stock	Sale	29	59.44
Common Stock	Sale	30	58.16
Common Stock	Sale	30	59.43
Common Stock	Sale	31	58.97
Common Stock	Sale	32	57.52
Common Stock	Sale	36	59.86
Common Stock	Sale	38	57.88
Common Stock	Sale	39	59.65
Common Stock	Sale	43	57.35
Common Stock	Sale	45	58.41
Common Stock	Sale	49	57.94
Common Stock	Sale	50	59.20
Common Stock	Sale	54	59.36
Common Stock	Sale	55	57.93
Common Stock	Sale	57	57.45
Common Stock	Sale	57	57.80
Common Stock	Sale	59	60.14
Common Stock	Sale	61	57.23
Common Stock	Sale	64	57.61
Common Stock	Sale	66	60.03
Common Stock	Sale	70	57.29
Common Stock	Sale	72	60.12
Common Stock	Sale	75	60.07
Common Stock	Sale	77	57.34
Common Stock	Sale	81	59.87
Common Stock	Sale	82	57.81
Common Stock	Sale	82	60.13
Common Stock	Sale	90	59.28
Common Stock	Sale	90	60.06
Common Stock	Sale	93	57.77
Common Stock	Sale	93	59.77
Common Stock	Sale	95	57.40
Common Stock	Sale	100	57.21
Common Stock	Sale	100	57.28
Common Stock	Sale	100	57.48
Common Stock	Sale	100	57.57
Common Stock	Sale	100	57.75
Common Stock	Sale	100	58.17
Common Stock	Sale	100	58.39
Common Stock	Sale	100	58.51
Common Stock	Sale	100	58.68
Common Stock	Sale	100	58.73
Common Stock	Sale	100	58.75
Common Stock	Sale	100	59.08
Common Stock	Sale	100	59.33
Common Stock	Sale	100	59.35
Common Stock	Sale	100	59.54
Common Stock	Sale	100	59.78
Common Stock	Sale	100	59.86
Common Stock	Sale	100	59.93
Common Stock	Sale	101	57.92
Common Stock	Sale	101	58.81
Common Stock	Sale	103	58.11
Common Stock	Sale	103	58.15
Common Stock	Sale	104	60.01
Common Stock	Sale	105	58.18
Common Stock	Sale	107	57.85
Common Stock	Sale	109	57.30
Common Stock	Sale	109	57.84
Common Stock	Sale	110	58.40
Common Stock	Sale	111	57.48
Common Stock	Sale	112	60.11
Common Stock	Sale	116	60.17
Common Stock	Sale	117	57.41
Common Stock	Sale	119	58.77
Common Stock	Sale	120	57.79
Common Stock	Sale	121	58.22
Common Stock	Sale	121	59.91
Common Stock	Sale	123	58.88
Common Stock	Sale	124	58.57
Common Stock	Sale	125	58.91
Common Stock	Sale	125	59.02
Common Stock	Sale	133	59.10
Common Stock	Sale	139	58.80
Common Stock	Sale	142	59.51
Common Stock	Sale	142	59.83
Common Stock	Sale	142	59.89
Common Stock	Sale	166	57.62
Common Stock	Sale	170	59.25
Common Stock	Sale	171	58.10
Common Stock	Sale	172	58.76
Common Stock	Sale	176	59.94
Common Stock	Sale	180	59.81
Common Stock	Sale	191	57.82
Common Stock	Sale	196	59.26
Common Stock	Sale	200	58.32
Common Stock	Sale	200	58.70
Common Stock	Sale	200	58.77
Common Stock	Sale	200	59.62
Common Stock	Sale	203	59.31
Common Stock	Sale	205	59.88
Common Stock	Sale	207	59.37
Common Stock	Sale	207	59.73
Common Stock	Sale	210	57.78
Common Stock	Sale	210	59.00
Common Stock	Sale	210	59.98
Common Stock	Sale	212	58.79
Common Stock	Sale	217	59.99
Common Stock	Sale	218	58.49
Common Stock	Sale	220	59.32
Common Stock	Sale	222	60.00
Common Stock	Sale	224	59.15
Common Stock	Sale	225	57.72
Common Stock	Sale	225	58.63
Common Stock	Sale	230	59.40
Common Stock	Sale	237	58.94
Common Stock	Sale	243	57.98
Common Stock	Sale	243	59.79
Common Stock	Sale	246	58.62
Common Stock	Sale	249	59.05
Common Stock	Sale	253	59.04
Common Stock	Sale	257	59.04
Common Stock	Sale	257	59.14
Common Stock	Sale	260	59.77
Common Stock	Sale	268	59.10
Common Stock	Sale	269	60.10
Common Stock	Sale	272	59.53
Common Stock	Sale	273	58.76
Common Stock	Sale	277	57.74
Common Stock	Sale	282	59.84
Common Stock	Sale	285	58.54
Common Stock	Sale	286	59.47
Common Stock	Sale	291	59.96
Common Stock	Sale	298	59.97
Common Stock	Sale	304	58.33
Common Stock	Sale	304	58.44
Common Stock	Sale	304	58.65
Common Stock	Sale	305	58.47
Common Stock	Sale	309	57.76
Common Stock	Sale	310	58.02
Common Stock	Sale	310	59.23
Common Stock	Sale	314	57.68
Common Stock	Sale	315	58.55
Common Stock	Sale	315	59.58
Common Stock	Sale	323	59.34
Common Stock	Sale	324	59.45
Common Stock	Sale	325	57.66
Common Stock	Sale	326	58.19
Common Stock	Sale	331	57.69
Common Stock	Sale	333	59.09
Common Stock	Sale	334	59.49
Common Stock	Sale	335	57.73
Common Stock	Sale	335	58.98
Common Stock	Sale	339	59.18
Common Stock	Sale	343	59.41
Common Stock	Sale	350	59.77
Common Stock	Sale	358	59.13
Common Stock	Sale	359	58.95
Common Stock	Sale	366	58.70
Common Stock	Sale	370	59.72
Common Stock	Sale	378	57.75
Common Stock	Sale	380	59.06
Common Stock	Sale	381	59.51
Common Stock	Sale	384	59.44
Common Stock	Sale	386	59.20
Common Stock	Sale	392	59.54
Common Stock	Sale	400	57.59
Common Stock	Sale	400	58.25
Common Stock	Sale	410	60.02
Common Stock	Sale	414	59.22
Common Stock	Sale	428	57.64
Common Stock	Sale	438	59.12
Common Stock	Sale	457	59.70
Common Stock	Sale	472	59.63
Common Stock	Sale	473	59.56
Common Stock	Sale	479	57.70
Common Stock	Sale	484	59.52
Common Stock	Sale	510	58.14
Common Stock	Sale	517	59.42
Common Stock	Sale	518	59.48
Common Stock	Sale	554	58.84
Common Stock	Sale	585	59.38
Common Stock	Sale	600	57.67
Common Stock	Sale	600	59.76
Common Stock	Sale	601	59.76
Common Stock	Sale	603	59.71
Common Stock	Sale	617	58.63
Common Stock	Sale	629	57.83
Common Stock	Sale	650	58.16
Common Stock	Sale	656	58.98
Common Stock	Sale	673	58.64
Common Stock	Sale	710	59.90
Common Stock	Sale	722	59.64
Common Stock	Sale	727	59.39
Common Stock	Sale	735	59.10
Common Stock	Sale	738	59.60
Common Stock	Sale	744	59.61
Common Stock	Sale	752	59.80
Common Stock	Sale	770	57.71
Common Stock	Sale	776	59.21
Common Stock	Sale	787	59.59
Common Stock	Sale	790	59.24
Common Stock	Sale	817	59.19
Common Stock	Sale	868	59.66
Common Stock	Sale	890	59.50
Common Stock	Sale	919	59.17
Common Stock	Sale	958	59.16
Common Stock	Sale	965	59.69
Common Stock	Sale	1006	59.75
Common Stock	Sale	1058	59.67
Common Stock	Sale	1151	59.95
Common Stock	Sale	1172	59.62
Common Stock	Sale	1187	59.08
Common Stock	Sale	1260	59.68
Common Stock	Sale	1372	59.82
Common Stock	Sale	1410	58.80
Common Stock	Sale	1430	58.83
Common Stock	Sale	1441	57.65
Common Stock	Sale	1451	58.68
Common Stock	Sale	1455	59.65
Common Stock	Sale	1457	59.57
Common Stock	Sale	1468	59.01
Common Stock	Sale	1657	58.81
Common Stock	Sale	1671	59.11
Common Stock	Sale	1684	59.09
Common Stock	Sale	1722	59.03
Common Stock	Sale	1819	58.76
Common Stock	Sale	1822	58.69
Common Stock	Sale	1837	58.79
Common Stock	Sale	1942	59.04
Common Stock	Sale	1987	58.66
Common Stock	Sale	2027	59.05
Common Stock	Sale	2109	59.07
Common Stock	Sale	2121	58.82
Common Stock	Sale	2174	58.72
Common Stock	Sale	2271	59.02
Common Stock	Sale	2374	58.90
Common Stock	Sale	2456	58.67
Common Stock	Sale	2543	58.73
Common Stock	Sale	2659	59.06
Common Stock	Sale	2695	58.89
Common Stock	Sale	2866	59.00
Common Stock	Sale	3005	58.65
Common Stock	Sale	3099	58.94
Common Stock	Sale	3126	58.71
Common Stock	Sale	3126	58.78
Common Stock	Sale	3282	58.85
Common Stock	Sale	3675	58.88
Common Stock	Sale	3809	58.75
Common Stock	Sale	3863	58.96
Common Stock	Sale	3968	58.99
Common Stock	Sale	4077	58.95
Common Stock	Sale	4255	58.86
Common Stock	Sale	4263	58.91
Common Stock	Sale	4438	58.98
Common Stock	Sale	4559	58.74
Common Stock	Sale	4710	58.97
Common Stock	Sale	4825	58.87
Common Stock	Sale	5056	58.77
Common Stock	Sale	5093	58.93
Common Stock	Sale	6596	58.70
Common Stock	Sale	6685	58.92
Common Stock	Sale	54941	58.84
Common Stock	Purchase	6	59.81
Common Stock	Purchase	7	57.45
Common Stock	Purchase	9	59.73
Common Stock	Purchase	9	59.83
Common Stock	Purchase	10	57.48
Common Stock	Purchase	10	59.99
Common Stock	Purchase	19	59.01
Common Stock	Purchase	20	57.47
Common Stock	Purchase	22	58.84
Common Stock	Purchase	25	60.02
Common Stock	Purchase	28	57.46
Common Stock	Purchase	28	59.95
Common Stock	Purchase	34	57.58
Common Stock	Purchase	34	58.86
Common Stock	Purchase	37	57.43
Common Stock	Purchase	39	57.42
Common Stock	Purchase	40	59.84
Common Stock	Purchase	43	59.89
Common Stock	Purchase	52	57.78
Common Stock	Purchase	59	57.77
Common Stock	Purchase	63	60.11
Common Stock	Purchase	66	60.01
Common Stock	Purchase	73	57.74
Common Stock	Purchase	76	59.74
Common Stock	Purchase	85	58.88
Common Stock	Purchase	88	60.04
Common Stock	Purchase	98	58.85
Common Stock	Purchase	100	58.65
Common Stock	Purchase	100	58.71
Common Stock	Purchase	100	59.79
Common Stock	Purchase	100	59.85
Common Stock	Purchase	100	60.06
Common Stock	Purchase	109	59.94
Common Stock	Purchase	131	57.75
Common Stock	Purchase	139	58.82
Common Stock	Purchase	151	57.81
Common Stock	Purchase	155	58.93
Common Stock	Purchase	156	58.68
Common Stock	Purchase	184	60.03
Common Stock	Purchase	200	60.16
Common Stock	Purchase	300	57.40
Common Stock	Purchase	344	58.75
Common Stock	Purchase	691	58.76
Common Stock	Purchase	774	58.94
Common Stock	Purchase	893	58.89
Common Stock	Purchase	2000	57.59

(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:	21-11-2024
Contact name:	Janice Falcao
Telephone number:	00442033140679

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.

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 12/20/24 P57.5 Equity	Purchase	3,200	USD 57.5	American	12/20/24
Common Stock	Call Option IP US 06/20/25 C52.5 Equity	Purchase	2,000	USD 52.5	American	06/20/25
Common Stock	Call Option IP US 04/17/25 C47.5 Equity	Purchase	1,000	USD 47.5	American	04/17/25
Common Stock	Call Option IP US 10/17/25 C42.5 Equity	Purchase	700	USD 42.5	American	10/17/25
Common Stock	Call Option IP US 04/17/25 C52.5 Equity	Purchase	600	USD 52.5	American	04/17/25
Common Stock	Call Option IP US 09/19/25 C42.5 Equity	Purchase	600	USD 42.5	American	09/19/25
Common Stock	Call Option IP US 10/17/25 C55 Equity	Purchase	500	USD 55	American	10/17/25
Common Stock	Call Option IP US 01/16/26 C50 Equity	Purchase	500	USD 50	American	01/16/26
Common Stock	Call Option IP US 01/16/26 C60 Equity	Purchase	300	USD 60	American	01/16/26
Common Stock	Call Option IP US 06/20/25 C50 Equity	Purchase	300	USD 50	American	06/20/25
Common Stock	Call Option IP US 12/20/24 C50 Equity	Purchase	300	USD 50	American	12/20/24
Common Stock	Call Option IP US 01/17/25 C47.5 Equity	Purchase	200	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 04/17/25 C50 Equity	Purchase	200	USD 50	American	04/17/25
Common Stock	Call Option IP US 01/17/25 C60 Equity	Written	300	USD 60	American	01/17/25
Common Stock	Put Option IP US 04/17/25 P45 Equity	Written	300	USD 45	American	04/17/25
Common Stock	Put Option IP US 01/17/25 P47.5 Equity	Written	400	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 01/17/25 C55 Equity	Written	500	USD 55	American	01/17/25
Common Stock	Call Option IP US 12/20/24 C55 Equity	Written	600	USD 55	American	12/20/24
Common Stock	Put Option IP US 04/17/25 P47.5 Equity	Written	2,400	USD 47.5	American	04/17/25
Common Stock	Put Option IP US 01/16/26 P42.5 Equity	Written	4,600	USD 42.5	American	01/16/26

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: 1262148

Time of Receipt (offset from UTC): 20241121T120259+0000