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	30-07-2024
(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	7,246,567	2.08
(2) Cash-settled derivatives:	0	0.0	0	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	400,000	0.11	0	0
TOTAL:	400,000	0.11	7,246,567	2.08

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	14	46.54
Common Stock	Sale	22	46.44
Common Stock	Sale	53	46.07
Common Stock	Sale	100	45.88
Common Stock	Sale	100	46.02
Common Stock	Sale	100	46.05
Common Stock	Sale	100	46.08
Common Stock	Sale	100	46.20
Common Stock	Sale	100	46.20
Common Stock	Sale	100	46.23
Common Stock	Sale	100	46.33
Common Stock	Sale	100	46.50
Common Stock	Sale	125	46.27
Common Stock	Sale	134	45.84
Common Stock	Sale	150	46.13
Common Stock	Sale	194	46.39
Common Stock	Sale	200	45.87
Common Stock	Sale	200	45.93
Common Stock	Sale	200	46.04
Common Stock	Sale	200	46.14
Common Stock	Sale	200	46.15
Common Stock	Sale	200	46.24
Common Stock	Sale	200	46.30
Common Stock	Sale	278	45.95
Common Stock	Sale	300	45.85
Common Stock	Sale	300	45.97
Common Stock	Sale	300	46.43
Common Stock	Sale	320	45.89
Common Stock	Sale	357	45.93
Common Stock	Sale	378	46.16
Common Stock	Sale	399	45.83
Common Stock	Sale	400	46.37
Common Stock	Sale	400	46.41
Common Stock	Sale	400	46.46
Common Stock	Sale	500	45.99
Common Stock	Sale	500	46.17
Common Stock	Sale	500	46.40
Common Stock	Sale	522	46.36
Common Stock	Sale	537	46.18
Common Stock	Sale	598	46.06
Common Stock	Sale	700	46.48
Common Stock	Sale	732	46.34
Common Stock	Sale	735	46.24
Common Stock	Sale	746	45.90
Common Stock	Sale	800	46.35
Common Stock	Sale	800	46.45
Common Stock	Sale	865	46.04
Common Stock	Sale	894	45.95
Common Stock	Sale	900	45.91
Common Stock	Sale	953	46.20
Common Stock	Sale	964	46.03
Common Stock	Sale	1000	46.53
Common Stock	Sale	1009	45.91
Common Stock	Sale	1029	45.87
Common Stock	Sale	1050	46.47
Common Stock	Sale	1105	45.94
Common Stock	Sale	1177	46.23
Common Stock	Sale	1209	46.05
Common Stock	Sale	1249	46.21
Common Stock	Sale	1308	46.02
Common Stock	Sale	1322	46.19
Common Stock	Sale	1414	45.97
Common Stock	Sale	1755	46.33
Common Stock	Sale	1788	46.28
Common Stock	Sale	1813	46.01
Common Stock	Sale	1816	45.98
Common Stock	Sale	1976	45.96
Common Stock	Sale	2027	46.30
Common Stock	Sale	2092	46.32
Common Stock	Sale	2182	46.29
Common Stock	Sale	2275	46.38
Common Stock	Sale	2291	46.31
Common Stock	Sale	2356	46.22
Common Stock	Sale	2794	45.99
Common Stock	Sale	3032	46.27
Common Stock	Sale	3343	46.26
Common Stock	Sale	3563	46.25
Common Stock	Sale	4634	46.00
Common Stock	Sale	8609	45.92
Common Stock	Purchase	11	46.54
Common Stock	Purchase	13	46.24
Common Stock	Purchase	23	46.12
Common Stock	Purchase	38	46.36
Common Stock	Purchase	49	46.19
Common Stock	Purchase	100	45.90
Common Stock	Purchase	100	45.91
Common Stock	Purchase	100	46.02
Common Stock	Purchase	105	46.49
Common Stock	Purchase	108	46.51
Common Stock	Purchase	122	45.98
Common Stock	Purchase	131	46.17
Common Stock	Purchase	146	45.99
Common Stock	Purchase	153	46.31
Common Stock	Purchase	166	46.23
Common Stock	Purchase	199	46.50
Common Stock	Purchase	200	46.53
Common Stock	Purchase	206	46.34
Common Stock	Purchase	212	45.85
Common Stock	Purchase	222	46.38
Common Stock	Purchase	233	45.84
Common Stock	Purchase	239	46.45
Common Stock	Purchase	248	46.21
Common Stock	Purchase	261	45.95
Common Stock	Purchase	261	46.39
Common Stock	Purchase	267	46.22
Common Stock	Purchase	301	46.02
Common Stock	Purchase	313	46.01
Common Stock	Purchase	319	46.02
Common Stock	Purchase	324	45.89
Common Stock	Purchase	371	46.18
Common Stock	Purchase	379	46.30
Common Stock	Purchase	391	46.05
Common Stock	Purchase	450	46.40
Common Stock	Purchase	470	45.93
Common Stock	Purchase	486	46.43
Common Stock	Purchase	510	45.88
Common Stock	Purchase	544	46.29
Common Stock	Purchase	618	46.04
Common Stock	Purchase	631	45.91
Common Stock	Purchase	699	46.33
Common Stock	Purchase	710	46.20
Common Stock	Purchase	843	46.25
Common Stock	Purchase	865	46.37
Common Stock	Purchase	884	46.06
Common Stock	Purchase	971	45.96
Common Stock	Purchase	986	46.27
Common Stock	Purchase	1104	46.28
Common Stock	Purchase	1152	45.94
Common Stock	Purchase	1328	46.26
Common Stock	Purchase	1355	46.03
Common Stock	Purchase	1772	45.97
Common Stock	Purchase	2295	45.99
Common Stock	Purchase	2750	46.01
Common Stock	Purchase	3360	45.98
Common Stock	Purchase	3928	46.00
Common Stock	Purchase	18636	45.92

(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:	31-07-2024
Contact name:	Stuart Brown
Telephone number:	00442070722969

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.

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:	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	Call option IP US 09/20/24 C50 Equity	Purchase	120,000	USD 50	American	09/20/24
Common Stock	Call Option IP US 09/20/24 C50 Equity	Purchase	280,000	USD 50	American	09/20/24

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.