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	13^th September 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:	1,252,248	0.361%	1,763,633	0.508%
(2) Cash-settled derivatives:	1,272	0.000%	1,814,999	0.523%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	320,900	0.092%	104,400	0.030%
TOTAL:	1,574,420	0.453%	3,683,032	1.060%

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	850	48.83
US4601461035	Purchase	511	48.71
US4601461035	Purchase	500	48.92
US4601461035	Purchase	100	49.31
US4601461035	Purchase	200	49.20
US4601461035	Purchase	200	49.14
US4601461035	Purchase	600	48.87
US4601461035	Purchase	200	49.25
US4601461035	Purchase	1,113	48.72
US4601461035	Purchase	300	48.85
US4601461035	Purchase	400	49.26
US4601461035	Purchase	21	48.84
US4601461035	Purchase	779	48.94
US4601461035	Purchase	200	48.89
US4601461035	Purchase	200	48.80
US4601461035	Purchase	800	48.91
US4601461035	Purchase	200	48.79
US4601461035	Purchase	1,000	48.86
US4601461035	Purchase	139	48.78
US4601461035	Purchase	591	48.88
US4601461035	Purchase	600	48.90
US4601461035	Purchase	500	48.82
US4601461035	Purchase	100	48.75
US4601461035	Purchase	100	48.81
US4601461035	Purchase	2,209	48.77
US4601461035	Purchase	761	48.93
US4601461035	Purchase	100	48.70
US4601461035	Purchase	726	49.12
US4601461035	Purchase	500	49.00
US4601461035	Purchase	200	48.73
US4601461035	Purchase	300	48.66
US4601461035	Sale	6,322	48.70
US4601461035	Purchase	115	48.83
US4601461035	Purchase	3	48.71
US4601461035	Purchase	4	48.92
US4601461035	Purchase	100	48.98
US4601461035	Purchase	100	48.87
US4601461035	Purchase	24	48.72
US4601461035	Purchase	166	48.85
US4601461035	Purchase	401	48.96
US4601461035	Purchase	100	49.21
US4601461035	Purchase	228	48.84
US4601461035	Purchase	801	48.94
US4601461035	Purchase	109	48.89
US4601461035	Purchase	579	48.74
US4601461035	Purchase	403	48.80
US4601461035	Purchase	32	48.79
US4601461035	Purchase	101	48.78
US4601461035	Purchase	200	48.95
US4601461035	Purchase	100	48.82
US4601461035	Purchase	1	48.75
US4601461035	Purchase	101	48.76
US4601461035	Purchase	100	48.93
US4601461035	Purchase	171	49.33
US4601461035	Purchase	1	48.34
US4601461035	Purchase	141	49.34
US4601461035	Purchase	200	49.35
US4601461035	Purchase	101	48.33
US4601461035	Sale	4,785	48.70
US4601461035	Purchase	180	49.12
US4601461035	Purchase	20	48.69
US4601461035	Purchase	200	48.73
US4601461035	Purchase	3	48.67
US4601461035	Purchase	100	48.97
US4601461035	Purchase	100	48.96
US4601461035	Purchase	200	48.89
US4601461035	Purchase	100	48.74
US4601461035	Purchase	36	48.80
US4601461035	Purchase	174	48.79
US4601461035	Purchase	73	48.78
US4601461035	Purchase	100	48.95
US4601461035	Purchase	100	48.90
US4601461035	Purchase	27	48.77
US4601461035	Sale	8,000	48.85
US4601461035	Purchase	104	48.83
US4601461035	Purchase	80	48.92
US4601461035	Purchase	525	48.87
US4601461035	Purchase	1,137	48.85
US4601461035	Purchase	61	48.96
US4601461035	Purchase	246	48.84
US4601461035	Purchase	53	48.94
US4601461035	Purchase	172	48.89
US4601461035	Purchase	111	48.74
US4601461035	Purchase	801	48.80
US4601461035	Purchase	51	48.91
US4601461035	Purchase	9	48.79
US4601461035	Purchase	508	48.86
US4601461035	Purchase	89	48.88
US4601461035	Purchase	272	48.90
US4601461035	Purchase	281	48.82
US4601461035	Purchase	329	48.76
US4601461035	Purchase	7,255	48.81
US4601461035	Purchase	13,571	48.70
US4601461035	Sale	446	48.87
US4601461035	Sale	387	48.97
US4601461035	Sale	365	48.94
US4601461035	Sale	5,266	48.86
US4601461035	Sale	1,066	48.88
US4601461035	Sale	43	48.95
US4601461035	Sale	3,836	48.90
US4601461035	Sale	265	48.93
US4601461035	Sale	17	49.38
US4601461035	Purchase	250	48.83
US4601461035	Purchase	3	48.71
US4601461035	Sale	369	48.71
US4601461035	Purchase	14	48.92
US4601461035	Sale	903	48.68
US4601461035	Sale	3,252	48.98
US4601461035	Purchase	133	48.87
US4601461035	Purchase	22	48.72
US4601461035	Sale	1,100	48.72
US4601461035	Purchase	167	48.85
US4601461035	Purchase	1	48.96
US4601461035	Purchase	210	48.84
US4601461035	Purchase	109	48.94
US4601461035	Purchase	2	48.74
US4601461035	Purchase	41	48.80
US4601461035	Purchase	18	48.91
US4601461035	Purchase	475	48.79
US4601461035	Purchase	143	48.86
US4601461035	Purchase	262	48.78
US4601461035	Purchase	16	48.88
US4601461035	Purchase	130	48.95
US4601461035	Purchase	67	48.90
US4601461035	Purchase	520	48.82
US4601461035	Purchase	266	48.75
US4601461035	Purchase	3,285	48.76
US4601461035	Sale	3,252	48.76
US4601461035	Purchase	57	48.81
US4601461035	Purchase	118	48.77
US4601461035	Purchase	3,891	48.70
US4601461035	Sale	1,946	48.70
US4601461035	Purchase	6	48.69
US4601461035	Purchase	35	48.73
US4601461035	Sale	593	48.66
US4601461035	Purchase	2,938	48.83
US4601461035	Purchase	8	48.71
US4601461035	Purchase	149	49.31
US4601461035	Purchase	1,525	48.98
US4601461035	Purchase	1,572	48.87
US4601461035	Purchase	275	48.97
US4601461035	Purchase	502	48.85
US4601461035	Purchase	244	48.96
US4601461035	Purchase	2,333	48.84
US4601461035	Purchase	238	48.94
US4601461035	Purchase	252	48.89
US4601461035	Purchase	5,788	48.74
US4601461035	Purchase	617	48.80
US4601461035	Purchase	531	48.91
US4601461035	Purchase	562	48.79
US4601461035	Purchase	201	48.86
US4601461035	Purchase	1,119	48.78
US4601461035	Purchase	1,772	48.88
US4601461035	Purchase	794	48.95
US4601461035	Purchase	4,596	48.90
US4601461035	Purchase	277	48.82
US4601461035	Purchase	5	48.61
US4601461035	Purchase	1,901	48.75
US4601461035	Purchase	19	48.76
US4601461035	Sale	12,589	48.76
US4601461035	Purchase	10,226	48.77
US4601461035	Purchase	50	48.36
US4601461035	Purchase	1,080	48.93
US4601461035	Purchase	241	48.29
US4601461035	Purchase	7,110	49.18
US4601461035	Purchase	867	48.70
US4601461035	Sale	1,261	48.70
US4601461035	Purchase	58	48.73
US4601461035	Purchase	1,051	49.10
US4601461035	Purchase	50	49.36
US4601461035	Sale	26	48.83
US4601461035	Sale	210	49.20
US4601461035	Sale	3	48.68
US4601461035	Sale	100	48.87
US4601461035	Sale	282	49.09
US4601461035	Sale	118	48.99
US4601461035	Sale	135	48.85
US4601461035	Sale	362	48.84
US4601461035	Sale	280	49.02
US4601461035	Sale	100	48.94
US4601461035	Sale	151	48.89
US4601461035	Sale	170	48.80
US4601461035	Sale	19	48.91
US4601461035	Sale	212	48.86
US4601461035	Sale	6	48.78
US4601461035	Sale	121	48.88
US4601461035	Sale	356	48.95
US4601461035	Sale	7	48.82
US4601461035	Sale	103	48.76
US4601461035	Sale	252	48.77
US4601461035	Sale	200	48.36
US4601461035	Sale	16	48.35
US4601461035	Sale	300	49.37
US4601461035	Sale	100	49.33
US4601461035	Sale	23	49.34
US4601461035	Sale	289	49.11
US4601461035	Sale	23	49.04
US4601461035	Sale	111	48.37
US4601461035	Purchase	4,785	48.70
US4601461035	Sale	1,409	48.70
US4601461035	Sale	100	49.12
US4601461035	Sale	116	48.69
US4601461035	Sale	14	48.73
US4601461035	Sale	1	49.32
US4601461035	Sale	100	48.64
US4601461035	Sale	6	48.62
US4601461035	Sale	216	48.83
US4601461035	Purchase	863	48.71
US4601461035	Sale	30	48.71
US4601461035	Sale	203	48.92
US4601461035	Sale	69	49.31
US4601461035	Purchase	117	49.20
US4601461035	Purchase	271	48.68
US4601461035	Purchase	253	48.98
US4601461035	Sale	327	48.98
US4601461035	Purchase	1	49.14
US4601461035	Purchase	555	48.87
US4601461035	Sale	1,136	48.87
US4601461035	Sale	778	49.09
US4601461035	Sale	89	48.97
US4601461035	Purchase	1,161	48.72
US4601461035	Sale	24	48.72
US4601461035	Purchase	83	48.85
US4601461035	Sale	1,584	48.85
US4601461035	Sale	105	49.26
US4601461035	Sale	25	48.96
US4601461035	Purchase	839	48.31
US4601461035	Sale	452	48.31
US4601461035	Purchase	4,128	48.84
US4601461035	Sale	6,960	48.84
US4601461035	Purchase	195	49.02
US4601461035	Purchase	237	48.94
US4601461035	Sale	56	48.94
US4601461035	Sale	112	48.89
US4601461035	Purchase	2,010	48.74
US4601461035	Sale	24	48.74
US4601461035	Sale	6	48.80
US4601461035	Sale	12	48.91
US4601461035	Purchase	100	48.79
US4601461035	Sale	14	48.79
US4601461035	Purchase	27	48.86
US4601461035	Sale	113	48.86
US4601461035	Purchase	441	48.78
US4601461035	Purchase	9	48.88
US4601461035	Sale	249	48.88
US4601461035	Sale	30	48.95
US4601461035	Purchase	11	48.90
US4601461035	Sale	8	48.90
US4601461035	Sale	51	49.01
US4601461035	Sale	158	48.82
US4601461035	Sale	5,184	48.75
US4601461035	Purchase	289	48.76
US4601461035	Sale	257	48.76
US4601461035	Sale	142	48.81
US4601461035	Purchase	100	48.77
US4601461035	Sale	13	48.77
US4601461035	Sale	50	48.36
US4601461035	Sale	15	48.93
US4601461035	Sale	4,134	49.33
US4601461035	Purchase	10,068	48.70
US4601461035	Sale	47,757	48.70
US4601461035	Purchase	1,454	48.69
US4601461035	Purchase	35	49.00
US4601461035	Purchase	100	48.73
US4601461035	Sale	193	48.73
US4601461035	Sale	12	48.39
US4601461035	Purchase	58	49.03
US4601461035	Purchase	5	49.06
US4601461035	Purchase	100	48.64
US4601461035	Sale	102	49.22
US4601461035	Sale	22	49.23
US4601461035	Purchase	743	48.66
US4601461035	Sale	3	48.71
US4601461035	Purchase	6	49.14
US4601461035	Purchase	6	49.09
US4601461035	Purchase	12	48.99
US4601461035	Purchase	3	48.31
US4601461035	Sale	1	48.79
US4601461035	Purchase	23	48.78
US4601461035	Sale	23	48.78
US4601461035	Sale	1	48.88
US4601461035	Purchase	2,700	48.70
US4601461035	Sale	2,745	48.70
US4601461035	Purchase	23	49.07
US4601461035	Purchase	400	48.87
US4601461035	Purchase	100	48.85
US4601461035	Purchase	600	48.84
US4601461035	Purchase	300	48.89
US4601461035	Purchase	100	48.91
US4601461035	Purchase	151	48.86
US4601461035	Purchase	200	48.88
US4601461035	Purchase	438	48.90
US4601461035	Purchase	6,322	48.70
US4601461035	Sale	23	48.71
US4601461035	Sale	5	48.72
US4601461035	Sale	1	48.74
US4601461035	Purchase	125	48.70
US4601461035	Sale	3	48.70
US4601461035	Sale	9	48.69
US4601461035	Sale	1	48.65
US4601461035	Sale	1	48.63
US4601461035	Purchase	159	48.83
US4601461035	Purchase	17	48.30
US4601461035	Purchase	11	48.71
US4601461035	Purchase	32	48.68
US4601461035	Purchase	97	49.14
US4601461035	Purchase	204	48.28
US4601461035	Purchase	62	49.16
US4601461035	Purchase	96	48.87
US4601461035	Purchase	17	48.32
US4601461035	Purchase	118	48.72
US4601461035	Purchase	57	48.99
US4601461035	Purchase	60	48.31
US4601461035	Purchase	42	48.94
US4601461035	Purchase	737	48.89
US4601461035	Purchase	73	48.74
US4601461035	Purchase	164	48.80
US4601461035	Purchase	666	48.91
US4601461035	Purchase	300	48.79
US4601461035	Purchase	5,348	48.86
US4601461035	Purchase	90	48.78
US4601461035	Purchase	6	48.88
US4601461035	Purchase	3	48.90
US4601461035	Purchase	2	48.61
US4601461035	Purchase	1,145	48.75
US4601461035	Purchase	229	48.76
US4601461035	Purchase	1	48.81
US4601461035	Purchase	67	48.77
US4601461035	Purchase	8	48.93
US4601461035	Purchase	671	48.70
US4601461035	Sale	348	48.70
US4601461035	Purchase	23	49.12
US4601461035	Purchase	149	48.73
US4601461035	Purchase	180	49.17
US4601461035	Purchase	117	49.13
US4601461035	Purchase	90	49.15
US4601461035	Sale	13,571	48.70
US4601461035	Purchase	400	49.31
US4601461035	Purchase	46	49.14
US4601461035	Purchase	25	49.16
US4601461035	Purchase	4,086	48.87
US4601461035	Purchase	31	49.09
US4601461035	Purchase	900	49.19
US4601461035	Purchase	200	48.97
US4601461035	Purchase	105	48.96
US4601461035	Purchase	4	49.21
US4601461035	Purchase	60	49.02
US4601461035	Purchase	400	48.89
US4601461035	Purchase	1,816	48.91
US4601461035	Purchase	685	48.79
US4601461035	Purchase	252	48.86
US4601461035	Purchase	4	48.95
US4601461035	Purchase	1,100	48.90
US4601461035	Purchase	11	49.01
US4601461035	Purchase	145	48.75
US4601461035	Purchase	3	48.76
US4601461035	Purchase	5	48.81
US4601461035	Purchase	100	48.93
US4601461035	Sale	232	48.83
US4601461035	Purchase	38	48.71
US4601461035	Sale	1,080	48.87
US4601461035	Sale	30	49.19
US4601461035	Purchase	266	48.97
US4601461035	Sale	292	49.02
US4601461035	Purchase	1,386	48.94
US4601461035	Purchase	517	48.74
US4601461035	Sale	101	48.74
US4601461035	Sale	832	48.79
US4601461035	Purchase	346	48.86
US4601461035	Purchase	684	48.95
US4601461035	Purchase	43	48.77
US4601461035	Purchase	304	48.69
US4601461035	Sale	38	49.32

(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 long position	1078	48.88 USD
US4601461035	Equity Swap	Reducing a short position	61	48.92 USD
US4601461035	Equity Swap	Increasing a short position	2242	48.77 USD
US4601461035	Equity Swap	Increasing a short position	3212	36.38 GBP
US4601461035	Equity Swap	Increasing a short position	3212	36.38 GBP
US4601461035	Equity Swap	Increasing a short position	64,250	47.23 USD
US4601461035	Equity Swap	Increasing a short position	64,250	47.23 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	900	47.50	American	17/01/2025

(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:	16^th 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	55,900	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	16,100	47.50	American	18/10/2024
US4601461035	Put Option	Purchased	3,100	47.00	American	25/10/2024
US4601461035	Put Option	Purchased	1,900	47.50	American	17/01/2025

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.