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	27-11-2024
(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	7,099,802	2.04
(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	7,108,902	2.04

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	39	58.40
Common Stock	Sale	125	58.33
Common Stock	Sale	160	58.28
Common Stock	Sale	300	58.27
Common Stock	Sale	708	58.38
Common Stock	Purchase	6	58.89
Common Stock	Purchase	7	59.00
Common Stock	Purchase	11	58.37
Common Stock	Purchase	11	58.84
Common Stock	Purchase	12	58.87
Common Stock	Purchase	15	59.02
Common Stock	Purchase	16	58.82
Common Stock	Purchase	17	58.58
Common Stock	Purchase	19	59.15
Common Stock	Purchase	20	58.75
Common Stock	Purchase	25	58.31
Common Stock	Purchase	25	59.10
Common Stock	Purchase	32	59.17
Common Stock	Purchase	45	58.34
Common Stock	Purchase	45	58.86
Common Stock	Purchase	50	58.99
Common Stock	Purchase	80	58.30
Common Stock	Purchase	87	58.69
Common Stock	Purchase	98	58.55
Common Stock	Purchase	98	58.85
Common Stock	Purchase	98	59.03
Common Stock	Purchase	100	58.24
Common Stock	Purchase	100	58.38
Common Stock	Purchase	100	58.41
Common Stock	Purchase	100	58.48
Common Stock	Purchase	100	58.50
Common Stock	Purchase	100	58.51
Common Stock	Purchase	100	58.52
Common Stock	Purchase	100	58.52
Common Stock	Purchase	100	58.59
Common Stock	Purchase	100	58.70
Common Stock	Purchase	100	58.92
Common Stock	Purchase	100	59.09
Common Stock	Purchase	106	58.52
Common Stock	Purchase	108	58.45
Common Stock	Purchase	110	58.53
Common Stock	Purchase	117	58.91
Common Stock	Purchase	120	58.41
Common Stock	Purchase	126	59.13
Common Stock	Purchase	144	58.45
Common Stock	Purchase	145	58.25
Common Stock	Purchase	152	58.94
Common Stock	Purchase	178	58.47
Common Stock	Purchase	186	58.56
Common Stock	Purchase	195	58.26
Common Stock	Purchase	197	58.54
Common Stock	Purchase	222	59.13
Common Stock	Purchase	236	58.21
Common Stock	Purchase	312	58.90
Common Stock	Purchase	330	58.34
Common Stock	Purchase	344	58.23
Common Stock	Purchase	436	58.29
Common Stock	Purchase	463	58.88
Common Stock	Purchase	500	58.38
Common Stock	Purchase	526	58.44
Common Stock	Purchase	550	58.32
Common Stock	Purchase	587	58.48
Common Stock	Purchase	633	58.20
Common Stock	Purchase	664	58.30
Common Stock	Purchase	673	58.43
Common Stock	Purchase	681	58.27
Common Stock	Purchase	741	59.26
Common Stock	Purchase	756	58.31
Common Stock	Purchase	886	58.47
Common Stock	Purchase	952	58.51
Common Stock	Purchase	974	58.42
Common Stock	Purchase	995	58.33
Common Stock	Purchase	1071	58.80
Common Stock	Purchase	1109	58.28
Common Stock	Purchase	1166	58.49
Common Stock	Purchase	1471	58.37
Common Stock	Purchase	1675	58.46
Common Stock	Purchase	1861	58.36
Common Stock	Purchase	1910	58.40
Common Stock	Purchase	2243	58.45
Common Stock	Purchase	2798	58.41
Common Stock	Purchase	2919	58.35
Common Stock	Purchase	3205	58.39
Common Stock	Purchase	29854	58.38

(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:	28-11-2024
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: 1263650

Time of Receipt (offset from UTC): 20241128T102703+0000