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:	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	30^th August 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

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:	2,637,626	0.759%	1,837,467	0.529%
(2) Cash-settled derivatives:	1,537	0.000%	1,356,004	0.390%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	320,900	0.092%	93,300	0.027%
TOTAL:	2,960,063	0.852%	3,286,771	0.946%

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 (USD)
US4601461035	Purchase	97	47.85
US4601461035	Purchase	1,813	47.79
US4601461035	Purchase	92	47.91
US4601461035	Purchase	106	48.04
US4601461035	Purchase	1,482	47.86
US4601461035	Purchase	48	48.02
US4601461035	Purchase	725	47.75
US4601461035	Purchase	527	47.80
US4601461035	Purchase	11	48.01
US4601461035	Purchase	62	47.90
US4601461035	Purchase	22	48.12
US4601461035	Purchase	232	47.99
US4601461035	Purchase	375	47.66
US4601461035	Purchase	607	47.89
US4601461035	Purchase	3	48.08
US4601461035	Purchase	314	48.00
US4601461035	Purchase	100	47.92
US4601461035	Sale	16,159	48.42
US4601461035	Purchase	1,594	47.82
US4601461035	Purchase	565	47.98
US4601461035	Purchase	100	47.56
US4601461035	Purchase	346	47.70
US4601461035	Purchase	144	48.19
US4601461035	Purchase	196	48.16
US4601461035	Purchase	258	47.78
US4601461035	Purchase	24	47.96
US4601461035	Purchase	10	48.09
US4601461035	Purchase	1,967	47.76
US4601461035	Purchase	276	47.64
US4601461035	Purchase	192	47.87
US4601461035	Purchase	10	48.13
US4601461035	Purchase	17	47.53
US4601461035	Purchase	155	47.77
US4601461035	Purchase	350	47.74
US4601461035	Purchase	11	48.07
US4601461035	Purchase	1,652	47.93
US4601461035	Purchase	254	47.68
US4601461035	Purchase	448	47.72
US4601461035	Purchase	1	47.65
US4601461035	Purchase	100	47.83
US4601461035	Purchase	6	48.17
US4601461035	Purchase	101	48.18
US4601461035	Purchase	24	48.28
US4601461035	Purchase	3	48.21
US4601461035	Purchase	53	47.84
US4601461035	Purchase	53	48.26
US4601461035	Purchase	106	47.60
US4601461035	Purchase	135	47.61
US4601461035	Purchase	387	47.81
US4601461035	Purchase	5	48.14
US4601461035	Purchase	100	48.06
US4601461035	Purchase	78	48.05
US4601461035	Purchase	1,422	48.12
US4601461035	Purchase	400	48.08
US4601461035	Purchase	2,171	48.42
US4601461035	Purchase	830	47.82
US4601461035	Purchase	100	47.83
US4601461035	Purchase	862	48.39
US4601461035	Sale	862	48.39
US4601461035	Purchase	862	48.18
US4601461035	Purchase	500	48.29
US4601461035	Purchase	200	48.30
US4601461035	Purchase	200	48.21
US4601461035	Purchase	400	48.25
US4601461035	Purchase	2,894	47.84
US4601461035	Purchase	1	48.24
US4601461035	Purchase	200	48.26
US4601461035	Purchase	33	48.43
US4601461035	Purchase	66	48.06
US4601461035	Purchase	384	47.85
US4601461035	Purchase	98	47.79
US4601461035	Purchase	65	47.91
US4601461035	Purchase	6	47.86
US4601461035	Purchase	45	47.75
US4601461035	Purchase	474	47.80
US4601461035	Purchase	19	47.90
US4601461035	Purchase	46	47.99
US4601461035	Purchase	502	47.66
US4601461035	Purchase	43	47.89
US4601461035	Purchase	21	47.95
US4601461035	Purchase	10	48.08
US4601461035	Purchase	20	48.00
US4601461035	Purchase	23	47.92
US4601461035	Purchase	16	47.97
US4601461035	Purchase	42	48.03
US4601461035	Purchase	97	47.55
US4601461035	Purchase	496	47.62
US4601461035	Purchase	14,145	48.42
US4601461035	Sale	3,446	48.42
US4601461035	Purchase	67	47.82
US4601461035	Purchase	109	47.98
US4601461035	Purchase	235	47.56
US4601461035	Purchase	34	47.94
US4601461035	Purchase	31	47.70
US4601461035	Purchase	33	48.19
US4601461035	Purchase	416	47.78
US4601461035	Purchase	21	47.96
US4601461035	Purchase	117	47.76
US4601461035	Purchase	3	47.87
US4601461035	Purchase	507	47.77
US4601461035	Purchase	33	47.74
US4601461035	Purchase	200	48.07
US4601461035	Purchase	42	47.93
US4601461035	Purchase	1,724	47.68
US4601461035	Purchase	381	47.72
US4601461035	Purchase	780	47.67
US4601461035	Purchase	125	47.65
US4601461035	Purchase	62	47.83
US4601461035	Purchase	84	48.18
US4601461035	Purchase	31	47.84
US4601461035	Purchase	800	47.63
US4601461035	Purchase	5	48.24
US4601461035	Purchase	4	47.59
US4601461035	Purchase	1	47.61
US4601461035	Purchase	5	47.58
US4601461035	Purchase	388	47.81
US4601461035	Purchase	5	48.36
US4601461035	Purchase	11	48.34
US4601461035	Purchase	612	47.73
US4601461035	Purchase	503	47.69
US4601461035	Purchase	230	47.88
US4601461035	Sale	1	47.91
US4601461035	Purchase	340	47.90
US4601461035	Purchase	148	48.05
US4601461035	Purchase	1	48.12
US4601461035	Purchase	72	47.99
US4601461035	Purchase	454	47.95
US4601461035	Sale	39	47.95
US4601461035	Purchase	416	48.08
US4601461035	Purchase	1,547	48.00
US4601461035	Purchase	8	48.03
US4601461035	Purchase	53,588	48.42
US4601461035	Purchase	30,657	48.19
US4601461035	Purchase	1	47.96
US4601461035	Sale	10	47.96
US4601461035	Purchase	106	48.17
US4601461035	Sale	61	48.30
US4601461035	Purchase	79	48.21
US4601461035	Purchase	1,337	48.36
US4601461035	Sale	88	48.06
US4601461035	Sale	100	48.02
US4601461035	Sale	441	47.90
US4601461035	Sale	143	48.05
US4601461035	Purchase	16,159	48.42
US4601461035	Sale	2,848	48.42
US4601461035	Sale	352	47.93
US4601461035	Sale	64	48.29
US4601461035	Sale	360	48.28
US4601461035	Sale	200	48.25
US4601461035	Sale	1	48.24
US4601461035	Sale	323	48.34
US4601461035	Sale	116	47.79
US4601461035	Purchase	239	48.04
US4601461035	Sale	9	48.04
US4601461035	Sale	112	47.86
US4601461035	Purchase	245	48.02
US4601461035	Purchase	2,970	47.75
US4601461035	Sale	13	47.80
US4601461035	Purchase	674	48.01
US4601461035	Purchase	2,310	47.90
US4601461035	Purchase	189	48.05
US4601461035	Purchase	308	48.11
US4601461035	Purchase	133	47.99
US4601461035	Purchase	12	47.66
US4601461035	Sale	6	47.89
US4601461035	Purchase	18	47.95
US4601461035	Purchase	911	48.00
US4601461035	Purchase	119	47.92
US4601461035	Sale	1	47.92
US4601461035	Purchase	542	47.97
US4601461035	Purchase	415	48.03
US4601461035	Sale	14	47.62
US4601461035	Purchase	9,086	48.42
US4601461035	Sale	11,155	48.42
US4601461035	Purchase	1,588	47.98
US4601461035	Purchase	128	47.94
US4601461035	Sale	201	47.94
US4601461035	Purchase	10,393	48.19
US4601461035	Purchase	37	47.78
US4601461035	Sale	5	47.78
US4601461035	Purchase	278	47.96
US4601461035	Sale	1	47.96
US4601461035	Sale	4	48.09
US4601461035	Purchase	2	47.76
US4601461035	Sale	5	47.87
US4601461035	Sale	28	47.77
US4601461035	Purchase	188	48.07
US4601461035	Purchase	800	47.93
US4601461035	Sale	1	47.65
US4601461035	Sale	276	47.83
US4601461035	Purchase	8	48.39
US4601461035	Sale	98	48.39
US4601461035	Sale	32	48.29
US4601461035	Sale	16	48.25
US4601461035	Sale	295	48.23
US4601461035	Purchase	6	47.63
US4601461035	Purchase	124	48.31
US4601461035	Sale	186	48.43
US4601461035	Sale	9	47.81
US4601461035	Purchase	296	48.10
US4601461035	Purchase	27	48.34
US4601461035	Sale	10	47.73
US4601461035	Purchase	819	48.35
US4601461035	Sale	43	48.27
US4601461035	Purchase	2	47.54
US4601461035	Purchase	186	48.32
US4601461035	Sale	19	48.20
US4601461035	Purchase	1,409	48.41
US4601461035	Sale	1,040	48.06
US4601461035	Sale	1,839	47.85
US4601461035	Sale	4,928	47.79
US4601461035	Sale	3,248	47.91
US4601461035	Sale	2,557	48.04
US4601461035	Sale	764	47.86
US4601461035	Sale	561	48.02
US4601461035	Sale	12,330	47.75
US4601461035	Purchase	3	47.80
US4601461035	Sale	657	47.80
US4601461035	Sale	14,886	48.01
US4601461035	Purchase	416	47.90
US4601461035	Sale	3,921	47.90
US4601461035	Sale	14,329	48.05
US4601461035	Sale	458	48.12
US4601461035	Sale	17,612	47.99
US4601461035	Sale	1,000	47.66
US4601461035	Sale	9,103	47.89
US4601461035	Sale	5,273	47.95
US4601461035	Sale	880	48.00
US4601461035	Sale	1,200	47.92
US4601461035	Sale	13,329	47.97
US4601461035	Sale	2,301	48.03
US4601461035	Purchase	1	47.55
US4601461035	Sale	1,074	47.62
US4601461035	Purchase	3,989	48.42
US4601461035	Sale	11,643	48.42
US4601461035	Sale	700	47.82
US4601461035	Sale	55,314	47.98
US4601461035	Sale	215	47.56
US4601461035	Sale	344	47.94
US4601461035	Sale	8,712	47.70
US4601461035	Sale	41,150	48.19
US4601461035	Sale	3,091	48.16
US4601461035	Sale	6,196	47.78
US4601461035	Sale	15,997	47.96
US4601461035	Sale	1,587	48.09
US4601461035	Purchase	2	47.76
US4601461035	Sale	6,417	47.76
US4601461035	Sale	1,821	47.64
US4601461035	Sale	7,004	47.87
US4601461035	Sale	583	47.77
US4601461035	Sale	7,044	47.74
US4601461035	Sale	117	48.07
US4601461035	Purchase	1	47.93
US4601461035	Sale	3,267	47.93
US4601461035	Sale	129	47.68
US4601461035	Sale	3,863	47.72
US4601461035	Sale	369	47.67
US4601461035	Sale	314	47.65
US4601461035	Sale	1,668	47.83
US4601461035	Sale	8	48.39
US4601461035	Sale	106	48.17
US4601461035	Sale	1,341	48.29
US4601461035	Purchase	61	48.30
US4601461035	Sale	1,179	48.21
US4601461035	Sale	1,559	48.25
US4601461035	Sale	817	47.84
US4601461035	Sale	3,100	48.23
US4601461035	Sale	3,411	47.63
US4601461035	Sale	636	48.31
US4601461035	Sale	300	48.24
US4601461035	Sale	300	48.26
US4601461035	Sale	600	47.61
US4601461035	Sale	100	47.58
US4601461035	Sale	4,577	47.81
US4601461035	Sale	9,533	48.10
US4601461035	Sale	4,100	48.22
US4601461035	Sale	1,337	48.36
US4601461035	Sale	2,657	48.34
US4601461035	Sale	1,534	47.73
US4601461035	Sale	2,376	47.69
US4601461035	Sale	328	47.57
US4601461035	Sale	400	47.71
US4601461035	Sale	200	48.35
US4601461035	Sale	3,444	47.88
US4601461035	Sale	1,702	48.27
US4601461035	Sale	100	47.54
US4601461035	Sale	400	48.32
US4601461035	Sale	1,600	48.20
US4601461035	Sale	3,300	48.33
US4601461035	Sale	100	48.38
US4601461035	Purchase	100	47.80
US4601461035	Purchase	300	48.42
US4601461035	Purchase	100	47.77
US4601461035	Purchase	83	48.22
US4601461035	Purchase	450	48.11
US4601461035	Purchase	200	48.09
US4601461035	Purchase	700	48.13
US4601461035	Purchase	100	48.15
US4601461035	Purchase	862	48.39
US4601461035	Sale	862	48.39
US4601461035	Purchase	734	48.17
US4601461035	Purchase	116	48.18
US4601461035	Sale	862	48.18
US4601461035	Sale	3	48.31
US4601461035	Purchase	2,700	48.10
US4601461035	Purchase	2,611	47.88
US4601461035	Sale	50	48.33
US4601461035	Purchase	82	48.42
US4601461035	Sale	3,989	48.42
US4601461035	Purchase	688	47.79
US4601461035	Purchase	276	47.91
US4601461035	Purchase	76	47.99
US4601461035	Sale	1,807	47.99
US4601461035	Purchase	681	47.89
US4601461035	Purchase	732	47.95
US4601461035	Purchase	368	48.42
US4601461035	Sale	82	48.42
US4601461035	Sale	649	48.16
US4601461035	Purchase	456	47.87
US4601461035	Purchase	1	47.77
US4601461035	Purchase	380	47.72
US4601461035	Purchase	67	47.83
US4601461035	Purchase	976	48.15
US4601461035	Sale	80	48.28
US4601461035	Sale	27	48.23
US4601461035	Sale	762	48.37
US4601461035	Sale	19	48.31
US4601461035	Sale	152	48.43

(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
US4601461035	Equity Swap	Increasing a short position	4497	36,45 GBP
US4601461035	Equity Swap	Reducing a short position	4829	47,96 USD
US4601461035	Equity Swap	Increasing a long position	42	47,99 USD
US4601461035	Equity Swap	Reducing a long position	93	48.23 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
US4601461035	Put Option	Purchasing	1,400	47.50	American	18/10/2024

(ii) Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit (USD)

(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?

YES

Date of disclosure:	2^nd September 2024
Contact name:	Stephen Glasper
Telephone number:	[phone]

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 [e-mail]. 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:	Millennium International Management LP
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 (USD)	Type e.g. American, European etc.	Expiry date
US4601461035	Call Option	Purchased	100	35.00	American	17/01/2025
US4601461035	Call Option	Purchased	300	40.00	American	17/01/2025
US4601461035	Put Option	Purchased	800	32.50	American	17/01/2025
US4601461035	Call Option	Purchased	12,200	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	400	45.00	American	18/10/2024
US4601461035	Call Option	Purchased	17,200	45.00	American	20/09/2024
US4601461035	Call Option	Purchased	10,000	50.00	American	20/09/2024
US4601461035	Call Option	Purchased	10,000	47.50	American	20/09/2024
US4601461035	Put Option	Written	100,000	37.50	American	18/10/2024
US4601461035	Put Option	Purchased	12,600	42.50	American	20/09/2024
US4601461035	Put Option	Purchased	52,800	45.00	American	17/01/2025
US4601461035	Put Option	Purchased	7,400	45.00	American	18/10/2024
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	6,600	42.50	American	18/10/2024
US4601461035	Call Option	Purchased	37,200	47.50	American	18/10/2024
US4601461035	Put Option	Written	66,700	45.00	European	20/09/2024
US4601461035	Call Option	Purchased	66,700	45.00	European	20/09/2024
US4601461035	Put Option	Purchased	13,100	47.50	American	18/10/2024

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 [phone].

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