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	26-11-2024
(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	7,166,114	2.06
(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	7,175,214	2.06

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	51	59.09
Common Stock	Sale	52	58.65
Common Stock	Sale	54	59.23
Common Stock	Sale	55	59.03
Common Stock	Sale	68	59.14
Common Stock	Sale	100	58.71
Common Stock	Sale	100	58.72
Common Stock	Sale	100	58.74
Common Stock	Sale	100	58.78
Common Stock	Sale	100	58.95
Common Stock	Sale	100	58.96
Common Stock	Sale	100	59.00
Common Stock	Sale	100	59.02
Common Stock	Sale	100	59.12
Common Stock	Sale	118	59.07
Common Stock	Sale	138	59.24
Common Stock	Sale	139	59.13
Common Stock	Sale	155	59.44
Common Stock	Sale	160	59.25
Common Stock	Sale	163	58.90
Common Stock	Sale	175	59.16
Common Stock	Sale	200	58.70
Common Stock	Sale	200	58.73
Common Stock	Sale	200	59.06
Common Stock	Sale	226	59.04
Common Stock	Sale	300	58.97
Common Stock	Sale	400	58.93
Common Stock	Sale	400	59.05
Common Stock	Sale	400	59.71
Common Stock	Sale	4356	59.11
Common Stock	Purchase	13	58.75
Common Stock	Purchase	15	58.95
Common Stock	Purchase	20	59.26
Common Stock	Purchase	24	58.83
Common Stock	Purchase	25	58.70
Common Stock	Purchase	34	59.64
Common Stock	Purchase	39	58.91
Common Stock	Purchase	43	59.31
Common Stock	Purchase	44	59.12
Common Stock	Purchase	47	59.22
Common Stock	Purchase	60	58.66
Common Stock	Purchase	60	58.68
Common Stock	Purchase	62	58.81
Common Stock	Purchase	62	58.93
Common Stock	Purchase	68	59.12
Common Stock	Purchase	69	59.34
Common Stock	Purchase	83	58.78
Common Stock	Purchase	84	59.11
Common Stock	Purchase	100	58.64
Common Stock	Purchase	100	59.04
Common Stock	Purchase	100	59.28
Common Stock	Purchase	100	59.61
Common Stock	Purchase	103	58.80
Common Stock	Purchase	125	59.30
Common Stock	Purchase	127	59.50
Common Stock	Purchase	131	58.82
Common Stock	Purchase	138	58.70
Common Stock	Purchase	173	59.23
Common Stock	Purchase	191	58.65
Common Stock	Purchase	197	59.26
Common Stock	Purchase	200	58.77
Common Stock	Purchase	200	58.84
Common Stock	Purchase	213	58.77
Common Stock	Purchase	232	59.24
Common Stock	Purchase	247	59.04
Common Stock	Purchase	290	59.18
Common Stock	Purchase	300	59.05
Common Stock	Purchase	305	58.85
Common Stock	Purchase	310	58.81
Common Stock	Purchase	317	58.73
Common Stock	Purchase	320	58.76
Common Stock	Purchase	341	58.74
Common Stock	Purchase	355	59.16
Common Stock	Purchase	486	58.99
Common Stock	Purchase	585	58.98
Common Stock	Purchase	585	59.19
Common Stock	Purchase	594	58.73
Common Stock	Purchase	604	59.07
Common Stock	Purchase	625	58.72
Common Stock	Purchase	644	59.08
Common Stock	Purchase	659	58.92
Common Stock	Purchase	669	58.89
Common Stock	Purchase	707	58.93
Common Stock	Purchase	736	58.91
Common Stock	Purchase	802	59.09
Common Stock	Purchase	805	58.86
Common Stock	Purchase	820	58.79
Common Stock	Purchase	825	58.97
Common Stock	Purchase	848	59.13
Common Stock	Purchase	862	59.21
Common Stock	Purchase	867	58.71
Common Stock	Purchase	991	58.67
Common Stock	Purchase	1060	59.06
Common Stock	Purchase	1069	59.04
Common Stock	Purchase	1109	58.69
Common Stock	Purchase	1124	58.68
Common Stock	Purchase	1191	58.94
Common Stock	Purchase	1389	58.66
Common Stock	Purchase	1452	58.95
Common Stock	Purchase	1745	59.01
Common Stock	Purchase	1798	59.15
Common Stock	Purchase	1897	59.00
Common Stock	Purchase	1927	59.14
Common Stock	Purchase	1939	58.96
Common Stock	Purchase	1948	58.87
Common Stock	Purchase	1997	58.88
Common Stock	Purchase	2467	59.02
Common Stock	Purchase	2521	59.10
Common Stock	Purchase	3839	59.18
Common Stock	Purchase	3966	59.05
Common Stock	Purchase	4522	58.90
Common Stock	Purchase	6304	59.03
Common Stock	Purchase	98376	59.11

(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:	27-11-2024
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: 1262984

Time of Receipt (offset from UTC): 20241127T104853+0000