Form 8.3 - International Paper Company

LONDON--()-- 

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

 

28th March 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 and Mondi 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:

 

607,928

 

0.176%

 

756,109

 

0.219%

(2) Cash-settled derivatives:

 

 

-

 

 

 

-

 

 

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

 

23,300

 

0.007%

 

124,100

 

0.036%

 

TOTAL:

 

631,228

 

0.182%

 

880,209

 

0.254%

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 (GBP)

US4601461035

Sale

27

38.91

US4601461035

Sale

404

39.47

US4601461035

Sale

100

38.96

US4601461035

Sale

100

38.99

US4601461035

Purchase

2,256

39.02

US4601461035

Sale

35

38.92

US4601461035

Sale

981

38.97

US4601461035

Sale

174

38.90

US4601461035

Sale

22

38.74

US4601461035

Sale

16

38.76

US4601461035

Sale

384

38.98

US4601461035

Sale

11

38.89

US4601461035

Sale

2

38.85

US4601461035

Purchase

180

38.87

US4601461035

Purchase

5

39.29

US4601461035

Purchase

135

38.96

US4601461035

Purchase

325

38.99

US4601461035

Purchase

5,224

39.02

US4601461035

Purchase

691

38.97

US4601461035

Purchase

135

38.90

US4601461035

Purchase

201

38.74

US4601461035

Purchase

99

38.76

US4601461035

Purchase

114

38.87

US4601461035

Purchase

71

38.83

US4601461035

Purchase

25

39.01

US4601461035

Purchase

23

38.96

US4601461035

Purchase

5,200

39.02

US4601461035

Purchase

15

39.19

US4601461035

Purchase

54

39.08

US4601461035

Purchase

6

38.93

US4601461035

Purchase

6

38.97

US4601461035

Purchase

191

38.90

US4601461035

Purchase

12

38.81

US4601461035

Purchase

78

38.86

US4601461035

Purchase

2

38.69

US4601461035

Purchase

135

38.75

US4601461035

Purchase

187

38.85

US4601461035

Purchase

7

38.79

US4601461035

Purchase

3

38.65

US4601461035

Sale

6

38.87

US4601461035

Purchase

21

39.12

US4601461035

Sale

43

39.12

US4601461035

Sale

36

38.91

US4601461035

Sale

18

39.16

US4601461035

Purchase

438

39.13

US4601461035

Purchase

629

39.29

US4601461035

Sale

9

39.20

US4601461035

Purchase

2

38.96

US4601461035

Sale

582

38.96

US4601461035

Sale

271

39.02

US4601461035

Sale

46

39.19

US4601461035

Sale

12

39.08

US4601461035

Sale

72

38.97

US4601461035

Sale

15

38.88

US4601461035

Sale

55

38.98

US4601461035

Purchase

8

38.70

US4601461035

Purchase

44

38.72

US4601461035

Purchase

23

38.66

US4601461035

Sale

8

38.87

US4601461035

Sale

213

38.96

US4601461035

Sale

8,826

39.02

US4601461035

Purchase

19

39.08

US4601461035

Purchase

371

38.93

US4601461035

Sale

59

38.93

US4601461035

Purchase

72

38.97

US4601461035

Sale

11

38.97

US4601461035

Sale

285

38.88

US4601461035

Purchase

5

39.04

US4601461035

Purchase

6

38.71

US4601461035

Sale

39

38.86

US4601461035

Purchase

3

39.07

US4601461035

Purchase

7

39.06

US4601461035

Purchase

100

38.75

US4601461035

Purchase

100

38.85

US4601461035

Sale

23

38.66

US4601461035

Sale

144

38.82

US4601461035

Sale

430

38.83

US4601461035

Sale

760

39.01

US4601461035

Sale

203

39.12

US4601461035

Sale

122

39.11

US4601461035

Sale

100

39.10

US4601461035

Purchase

133

38.95

US4601461035

Sale

736

38.95

US4601461035

Sale

3,801

38.91

US4601461035

Purchase

392

39.29

US4601461035

Sale

357

39.00

US4601461035

Sale

246

39.14

US4601461035

Sale

600

39.32

US4601461035

Sale

251

39.17

US4601461035

Sale

518

39.15

US4601461035

Purchase

551

38.96

US4601461035

Sale

878

38.96

US4601461035

Sale

131

38.99

US4601461035

Sale

6,711

39.02

US4601461035

Purchase

828

38.92

US4601461035

Sale

702

38.92

US4601461035

Sale

100

39.40

US4601461035

Sale

3

38.77

US4601461035

Sale

3,520

38.93

US4601461035

Purchase

316

38.97

US4601461035

Sale

2,752

38.97

US4601461035

Sale

7,343

38.90

US4601461035

Sale

326

38.74

US4601461035

Sale

1,969

38.88

US4601461035

Sale

97

38.71

US4601461035

Sale

3,413

38.98

US4601461035

Sale

101

39.09

US4601461035

Sale

1,649

38.86

US4601461035

Sale

200

38.69

US4601461035

Sale

287

39.05

US4601461035

Sale

107

38.70

US4601461035

Purchase

73

38.89

US4601461035

Sale

2,118

38.89

US4601461035

Sale

828

38.94

US4601461035

Sale

1,096

39.06

US4601461035

Sale

100

38.75

US4601461035

Sale

179

38.72

US4601461035

Sale

770

38.63

US4601461035

Sale

116

38.80

US4601461035

Sale

1,001

38.85

US4601461035

Sale

153

38.79

US4601461035

Purchase

1,088

38.87

US4601461035

Sale

753

38.87

US4601461035

Purchase

74

38.83

US4601461035

Sale

71

38.83

US4601461035

Purchase

1

39.01

US4601461035

Sale

1,864

39.01

US4601461035

Sale

50

39.12

US4601461035

Sale

286

39.10

US4601461035

Sale

886

38.95

US4601461035

Purchase

351

38.91

US4601461035

Sale

1,537

38.91

US4601461035

Purchase

80

39.16

US4601461035

Purchase

315

39.18

US4601461035

Sale

579

39.03

US4601461035

Purchase

5

39.13

US4601461035

Sale

195

39.13

US4601461035

Purchase

552

39.29

US4601461035

Sale

1,608

39.29

US4601461035

Purchase

1

39.00

US4601461035

Sale

7,441

39.00

US4601461035

Sale

36

39.15

US4601461035

Purchase

494

38.96

US4601461035

Sale

1,042

38.96

US4601461035

Purchase

1

38.99

US4601461035

Sale

10,344

38.99

US4601461035

Purchase

45,769

39.02

US4601461035

Sale

16,910

39.02

US4601461035

Purchase

152

38.92

US4601461035

Sale

1,163

38.92

US4601461035

Purchase

1,039

38.77

US4601461035

Sale

100

38.77

US4601461035

Purchase

17

38.93

US4601461035

Sale

3,232

38.93

US4601461035

Purchase

2,439

38.97

US4601461035

Sale

2,215

38.97

US4601461035

Purchase

121

38.90

US4601461035

Sale

200

38.90

US4601461035

Purchase

53

38.74

US4601461035

Sale

19

38.74

US4601461035

Purchase

108

38.81

US4601461035

Sale

226

38.81

US4601461035

Purchase

285

38.88

US4601461035

Sale

805

38.88

US4601461035

Purchase

442

39.04

US4601461035

Sale

946

39.04

US4601461035

Purchase

675

38.98

US4601461035

Sale

3,620

38.98

US4601461035

Sale

715

38.86

US4601461035

Purchase

197

39.05

US4601461035

Sale

276

39.05

US4601461035

Purchase

222

38.89

US4601461035

Sale

874

38.89

US4601461035

Purchase

265

39.07

US4601461035

Sale

105

39.07

US4601461035

Purchase

257

38.94

US4601461035

Sale

1,352

38.94

US4601461035

Sale

155

39.06

US4601461035

Purchase

116

38.75

US4601461035

Sale

300

38.75

US4601461035

Purchase

200

38.84

US4601461035

Sale

500

38.84

US4601461035

Purchase

100

38.72

US4601461035

Sale

94

38.72

US4601461035

Purchase

94

38.63

US4601461035

Purchase

2,003

38.78

US4601461035

Sale

36

38.78

US4601461035

Purchase

440

38.80

US4601461035

Sale

747

38.85

US4601461035

Purchase

1

38.68

US4601461035

Sale

325

38.79

US4601461035

Sale

317

39.39

US4601461035

Purchase

55

38.87

US4601461035

Sale

15,574

38.87

US4601461035

Purchase

40

38.82

US4601461035

Sale

5,588

38.82

US4601461035

Sale

6,183

38.83

US4601461035

Sale

3,543

39.01

US4601461035

Sale

700

39.11

US4601461035

Sale

400

39.10

US4601461035

Purchase

1

38.95

US4601461035

Sale

39,184

38.95

US4601461035

Purchase

22

38.91

US4601461035

Sale

27,189

38.91

US4601461035

Sale

841

39.16

US4601461035

Sale

2,218

39.18

US4601461035

Sale

2,431

39.30

US4601461035

Sale

1,749

39.03

US4601461035

Sale

901

39.21

US4601461035

Sale

508

39.13

US4601461035

Sale

3,818

39.29

US4601461035

Sale

2,373

39.28

US4601461035

Sale

7,355

39.00

US4601461035

Sale

2,154

39.20

US4601461035

Sale

575

39.32

US4601461035

Sale

100

39.17

US4601461035

Sale

1,057

39.15

US4601461035

Purchase

316

38.96

US4601461035

Sale

56,376

38.96

US4601461035

Sale

2,332

38.99

US4601461035

Purchase

114

39.02

US4601461035

Sale

21,585

39.02

US4601461035

Sale

44,590

38.92

US4601461035

Sale

101

39.40

US4601461035

Sale

5,428

39.19

US4601461035

Sale

18,200

39.27

US4601461035

Sale

2,235

39.22

US4601461035

Sale

1,761

38.77

US4601461035

Sale

108

39.23

US4601461035

Sale

98

39.38

US4601461035

Sale

1,745

39.24

US4601461035

Sale

6,579

39.34

US4601461035

Sale

1,925

39.08

US4601461035

Sale

1,285

39.35

US4601461035

Sale

29,916

38.93

US4601461035

Sale

8,633

38.97

US4601461035

Purchase

17

38.90

US4601461035

Sale

15,801

38.90

US4601461035

Purchase

1,120

38.74

US4601461035

Sale

1,060

38.74

US4601461035

Purchase

5

38.81

US4601461035

Sale

9,883

38.81

US4601461035

Purchase

2

38.88

US4601461035

Sale

41,284

38.88

US4601461035

Sale

911

39.04

US4601461035

Purchase

15

38.76

US4601461035

Sale

447

38.76

US4601461035

Purchase

2,439

38.71

US4601461035

Sale

102

38.71

US4601461035

Sale

8,137

38.98

US4601461035

Sale

556

39.09

US4601461035

Purchase

76

38.86

US4601461035

Sale

4,994

38.86

US4601461035

Purchase

68

38.69

US4601461035

Sale

385

39.05

US4601461035

Purchase

292

38.70

US4601461035

Sale

20,534

38.89

US4601461035

Sale

264

39.36

US4601461035

Sale

1,473

39.07

US4601461035

Purchase

5

38.94

US4601461035

Sale

16,576

38.94

US4601461035

Sale

200

39.06

US4601461035

Sale

1,439

39.31

US4601461035

Purchase

1

38.75

US4601461035

Sale

825

38.75

US4601461035

Sale

500

39.45

US4601461035

Purchase

803

38.73

US4601461035

Sale

1,064

38.73

US4601461035

Sale

3,468

38.84

US4601461035

Purchase

2,128

38.72

US4601461035

Sale

1,019

38.72

US4601461035

Sale

2,544

38.78

US4601461035

Sale

1,066

38.80

US4601461035

Sale

2,620

38.85

US4601461035

Sale

5,351

38.79

US4601461035

Sale

196

39.25

US4601461035

Purchase

2

38.95

US4601461035

Purchase

175

38.91

US4601461035

Purchase

500

39.29

US4601461035

Purchase

6,993

39.02

US4601461035

Sale

6,889

39.02

US4601461035

Purchase

84

38.92

US4601461035

Purchase

67

38.93

US4601461035

Purchase

38

38.97

US4601461035

Purchase

34

38.76

US4601461035

Purchase

38

38.75

US4601461035

Purchase

9

38.68

US4601461035

Purchase

9

38.83

US4601461035

Purchase

4

38.93

US4601461035

Purchase

20

38.74

US4601461035

Purchase

9

38.81

US4601461035

Purchase

97

38.76

US4601461035

Purchase

23

38.73

US4601461035

Purchase

32

38.72

US4601461035

Purchase

27

38.79

US4601461035

Sale

8,600

39.12

US4601461035

Sale

725

39.11

US4601461035

Sale

1,300

39.10

US4601461035

Sale

11,200

39.16

US4601461035

Sale

10,300

39.14

US4601461035

Purchase

4,920

39.02

US4601461035

Sale

387

39.02

US4601461035

Sale

101

38.87

US4601461035

Sale

403

38.83

US4601461035

Sale

80

39.01

US4601461035

Sale

61

38.95

US4601461035

Sale

97

38.91

US4601461035

Sale

74

38.96

US4601461035

Sale

60

38.99

US4601461035

Sale

21,963

39.02

US4601461035

Sale

440

38.92

US4601461035

Sale

99

38.77

US4601461035

Sale

32

38.97

US4601461035

Sale

204

38.90

US4601461035

Sale

192

38.88

US4601461035

Sale

34

38.76

US4601461035

Sale

153

38.98

US4601461035

Sale

132

38.89

US4601461035

Sale

127

39.07

US4601461035

Sale

1

38.72

US4601461035

Sale

81

38.85

US4601461035

Sale

111

38.79

US4601461035

Purchase

36

38.87

US4601461035

Sale

40

38.82

US4601461035

Purchase

3,224

38.83

US4601461035

Purchase

3

39.01

US4601461035

Purchase

118

39.11

US4601461035

Purchase

2,744

38.95

US4601461035

Purchase

240

38.91

US4601461035

Sale

786

38.91

US4601461035

Purchase

853

39.03

US4601461035

Purchase

1,351

39.00

US4601461035

Sale

1,996

38.96

US4601461035

Sale

2,222

38.99

US4601461035

Sale

2,611

38.92

US4601461035

Sale

9

38.77

(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

(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

 

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

 

 

 

 

 

 

 

 

 

 

(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?

 

NO

Date of disclosure:

 

29th March 2024

Contact name:

 

Stephen Glasper

Telephone number:

 

+44 203 398 2166

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 monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

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:

Ageas SA/NV

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

(EUR)

Type

e.g. American, European etc.

Expiry date

US4601461035

Call Option

Purchased

100

35.00

American

1/17/2025

US4601461035

Call Option

Purchased

300

40.00

American

1/17/2025

US4601461035

Put Option

Purchased

6,500

32.50

American

4/19/2024

US4601461035

Call Option

Purchased

4,200

32.50

American

4/19/2024

US4601461035

Call Option

Purchased

18,700

35.00

American

4/19/2024

US4601461035

Put Option

Purchased

800

32.50

American

1/17/2025

US4601461035

Put Option

Purchased

35,700

35.00

American

4/19/2024

US4601461035

Put Option

Purchased

31,100

38.00

American

4/19/2024

US4601461035

Put Option

Purchased

50,000

39.00

American

4/19/2024

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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Category Code: RET
Sequence Number: 1219266
Time of Receipt (offset from UTC): 20240329T111131+0000

Contacts

Millennium Partners, L.P.

Contacts

Millennium Partners, L.P.