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	5^th November 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:	3,430,894	0.988%	1,341,286	0.386%
(2) Cash-settled derivatives:	16,720	0.005%	1,114,391	0.321%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,700	0.004%	117,300	0.034%
TOTAL:	3,460,314	0.996%	2,572,977	0.741%

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	Sale	100	57.62
US4601461035	Sale	529	57.55
US4601461035	Sale	835	57.60
US4601461035	Sale	100	57.61
US4601461035	Purchase	829	57.56
US4601461035	Sale	2,281	57.56
US4601461035	Sale	100	57.29
US4601461035	Sale	2,381	57.40
US4601461035	Sale	692	57.44
US4601461035	Sale	3,686	57.52
US4601461035	Sale	7,747	57.54
US4601461035	Sale	676	57.35
US4601461035	Sale	300	57.42
US4601461035	Sale	1,022	57.59
US4601461035	Sale	652	57.65
US4601461035	Sale	3,259	57.50
US4601461035	Sale	319	57.32
US4601461035	Sale	10,112	57.49
US4601461035	Sale	1,044	57.25
US4601461035	Sale	732	57.53
US4601461035	Sale	296	57.63
US4601461035	Sale	1,563	57.47
US4601461035	Sale	223	57.41
US4601461035	Sale	365	57.69
US4601461035	Sale	185	57.51
US4601461035	Sale	200	57.28
US4601461035	Sale	13,347	57.58
US4601461035	Sale	100	57.66
US4601461035	Sale	5,899	57.48
US4601461035	Sale	356	57.43
US4601461035	Sale	747	57.45
US4601461035	Sale	390	57.27
US4601461035	Sale	40	57.64
US4601461035	Purchase	4,483	57.56
US4601461035	Sale	3,913	57.56
US4601461035	Sale	28	57.40
US4601461035	Sale	1	57.39
US4601461035	Sale	67	57.52
US4601461035	Sale	24	57.54
US4601461035	Sale	305	57.49
US4601461035	Sale	58	57.41
US4601461035	Sale	72	57.51
US4601461035	Sale	48	57.48
US4601461035	Purchase	5	57.62
US4601461035	Purchase	264	57.55
US4601461035	Purchase	84	57.60
US4601461035	Purchase	1,159	56.90
US4601461035	Purchase	46	57.56
US4601461035	Sale	9,362	57.56
US4601461035	Purchase	18	57.46
US4601461035	Purchase	22	57.40
US4601461035	Purchase	164	57.39
US4601461035	Purchase	9	57.44
US4601461035	Purchase	43	57.52
US4601461035	Purchase	5,893	57.54
US4601461035	Purchase	662	57.19
US4601461035	Purchase	7	57.59
US4601461035	Purchase	1	57.65
US4601461035	Purchase	412	57.49
US4601461035	Purchase	107	57.53
US4601461035	Purchase	1	57.37
US4601461035	Purchase	146	57.57
US4601461035	Purchase	20	57.51
US4601461035	Purchase	45	57.34
US4601461035	Purchase	21	57.58
US4601461035	Purchase	246	57.43
US4601461035	Purchase	19	57.45
US4601461035	Purchase	1	57.70
US4601461035	Purchase	5	57.31
US4601461035	Purchase	80	57.10
US4601461035	Purchase	15	57.60
US4601461035	Purchase	25	57.56
US4601461035	Sale	6,104	57.56
US4601461035	Purchase	35	57.29
US4601461035	Purchase	100	57.17
US4601461035	Purchase	30	57.44
US4601461035	Purchase	1,802	57.54
US4601461035	Purchase	57	56.88
US4601461035	Purchase	96	57.35
US4601461035	Purchase	100	57.12
US4601461035	Purchase	5	57.24
US4601461035	Purchase	19	57.42
US4601461035	Purchase	260	57.19
US4601461035	Purchase	419	57.32
US4601461035	Purchase	84	57.05
US4601461035	Purchase	15	57.49
US4601461035	Purchase	230	57.25
US4601461035	Purchase	5	57.63
US4601461035	Purchase	10	57.37
US4601461035	Purchase	10	57.69
US4601461035	Purchase	23	57.51
US4601461035	Purchase	40	57.28
US4601461035	Purchase	25	57.58
US4601461035	Purchase	10	57.66
US4601461035	Purchase	1,430	57.48
US4601461035	Purchase	10	57.36
US4601461035	Purchase	13	57.43
US4601461035	Purchase	400	57.22
US4601461035	Purchase	5	57.74
US4601461035	Purchase	256	57.45
US4601461035	Purchase	490	57.27
US4601461035	Purchase	400	56.90
US4601461035	Purchase	306,511	57.56
US4601461035	Purchase	60	56.92
US4601461035	Purchase	3	57.24
US4601461035	Purchase	15	57.32
US4601461035	Purchase	430	57.53
US4601461035	Purchase	510	57.48
US4601461035	Purchase	30,181	57.56
US4601461035	Purchase	34	57.61
US4601461035	Sale	829	57.56
US4601461035	Purchase	44	57.46
US4601461035	Purchase	11	57.29
US4601461035	Purchase	16	57.17
US4601461035	Purchase	13	57.39
US4601461035	Purchase	21	57.44
US4601461035	Purchase	2	57.50
US4601461035	Purchase	1	57.15
US4601461035	Purchase	528	57.53
US4601461035	Sale	528	57.53
US4601461035	Purchase	11	57.47
US4601461035	Purchase	19	57.41
US4601461035	Purchase	512	57.72
US4601461035	Purchase	12	57.34
US4601461035	Purchase	1	57.58
US4601461035	Purchase	1	57.11
US4601461035	Purchase	54	57.38
US4601461035	Purchase	77	57.45
US4601461035	Purchase	120	57.23
US4601461035	Purchase	525	57.01
US4601461035	Purchase	600	57.31
US4601461035	Purchase	1	56.81
US4601461035	Purchase	18	56.79
US4601461035	Sale	7	57.55
US4601461035	Purchase	11,295	57.10
US4601461035	Purchase	3	57.60
US4601461035	Sale	12	57.60
US4601461035	Purchase	300	56.93
US4601461035	Purchase	1	57.61
US4601461035	Purchase	100	57.14
US4601461035	Purchase	17	56.90
US4601461035	Sale	4,483	57.56
US4601461035	Purchase	4	57.46
US4601461035	Purchase	300	57.07
US4601461035	Purchase	100	56.92
US4601461035	Purchase	8	57.39
US4601461035	Purchase	2	57.44
US4601461035	Purchase	2,807	57.54
US4601461035	Sale	2,807	57.54
US4601461035	Purchase	10	57.42
US4601461035	Purchase	48	57.50
US4601461035	Purchase	1	57.49
US4601461035	Purchase	37,934	57.53
US4601461035	Sale	37,780	57.53
US4601461035	Purchase	100	57.41
US4601461035	Purchase	52	57.51
US4601461035	Purchase	400	57.02
US4601461035	Sale	1	57.58
US4601461035	Purchase	2	57.48
US4601461035	Purchase	317	57.38
US4601461035	Purchase	28,013	57.43
US4601461035	Purchase	1,280	57.45
US4601461035	Purchase	4	57.09
US4601461035	Sale	6	57.62
US4601461035	Sale	200	57.55
US4601461035	Sale	48	56.90
US4601461035	Purchase	9,362	57.56
US4601461035	Sale	5,525	57.56
US4601461035	Sale	6	57.46
US4601461035	Sale	300	57.29
US4601461035	Sale	12	57.40
US4601461035	Sale	110	57.44
US4601461035	Sale	47	57.52
US4601461035	Sale	10	57.24
US4601461035	Sale	77	57.50
US4601461035	Purchase	2,334	57.53
US4601461035	Sale	2,871	57.53
US4601461035	Sale	323	57.47
US4601461035	Sale	104	57.41
US4601461035	Sale	11	57.51
US4601461035	Sale	48	57.34
US4601461035	Sale	200	57.48
US4601461035	Sale	119	57.38
US4601461035	Sale	2,328	57.18
US4601461035	Sale	4	57.75
US4601461035	Sale	8	57.74
US4601461035	Sale	102	57.45
US4601461035	Sale	65	57.64
US4601461035	Sale	7	57.78
US4601461035	Sale	1	57.79
US4601461035	Purchase	282	57.62
US4601461035	Sale	1,467	56.81
US4601461035	Purchase	51	57.55
US4601461035	Sale	1,089	57.55
US4601461035	Purchase	45	57.10
US4601461035	Purchase	201	57.60
US4601461035	Sale	8	57.60
US4601461035	Purchase	478	57.61
US4601461035	Purchase	300	56.90
US4601461035	Purchase	6,668	57.56
US4601461035	Sale	20,930	57.56
US4601461035	Sale	188	56.83
US4601461035	Purchase	1,658	57.46
US4601461035	Sale	1,514	57.46
US4601461035	Purchase	18	57.29
US4601461035	Purchase	51	56.92
US4601461035	Purchase	9	57.39
US4601461035	Sale	6	57.39
US4601461035	Purchase	46	57.44
US4601461035	Sale	12	57.44
US4601461035	Purchase	373	57.52
US4601461035	Sale	397	57.52
US4601461035	Purchase	1,328	57.54
US4601461035	Sale	259	57.54
US4601461035	Purchase	25	57.35
US4601461035	Purchase	600	57.21
US4601461035	Purchase	14	57.42
US4601461035	Purchase	510	57.59
US4601461035	Sale	673	57.59
US4601461035	Purchase	34	57.65
US4601461035	Purchase	28	57.13
US4601461035	Purchase	258	57.50
US4601461035	Sale	100	57.50
US4601461035	Purchase	53	57.32
US4601461035	Purchase	167	57.05
US4601461035	Purchase	369	57.49
US4601461035	Sale	21	57.49
US4601461035	Purchase	128	57.25
US4601461035	Purchase	1,350	57.53
US4601461035	Sale	1,174	57.53
US4601461035	Purchase	275	57.63
US4601461035	Sale	543	57.63
US4601461035	Purchase	493	57.47
US4601461035	Sale	377	57.47
US4601461035	Sale	2	57.41
US4601461035	Purchase	519	57.57
US4601461035	Sale	77	57.57
US4601461035	Purchase	77	57.72
US4601461035	Purchase	455	57.51
US4601461035	Sale	1,820	57.51
US4601461035	Purchase	40	57.28
US4601461035	Purchase	18	57.34
US4601461035	Purchase	1,185	57.58
US4601461035	Sale	102	57.58
US4601461035	Purchase	10	57.66
US4601461035	Purchase	56	57.48
US4601461035	Sale	350	57.48
US4601461035	Purchase	18	57.11
US4601461035	Purchase	22	57.36
US4601461035	Purchase	30	57.43
US4601461035	Sale	100	57.43
US4601461035	Sale	498	57.74
US4601461035	Purchase	481	57.45
US4601461035	Sale	125	57.45
US4601461035	Purchase	211	57.27
US4601461035	Purchase	23	57.64
US4601461035	Sale	24	57.64
US4601461035	Purchase	18	57.73
US4601461035	Purchase	20	57.70
US4601461035	Sale	184	57.70
US4601461035	Sale	12	57.68
US4601461035	Purchase	104	57.30
US4601461035	Purchase	11	57.67
US4601461035	Sale	245	57.67
US4601461035	Sale	16	57.71
US4601461035	Purchase	7	57.26
US4601461035	Sale	4,313	56.60
US4601461035	Sale	456	57.62
US4601461035	Sale	4,804	57.55
US4601461035	Sale	9	57.61
US4601461035	Sale	9,844	57.14
US4601461035	Sale	8,951	56.90
US4601461035	Sale	518,675	57.56
US4601461035	Purchase	800	57.46
US4601461035	Sale	6,578	57.46
US4601461035	Sale	700	57.40
US4601461035	Sale	15,122	57.39
US4601461035	Sale	1,080	57.44
US4601461035	Sale	5,250	57.52
US4601461035	Purchase	374	57.54
US4601461035	Sale	4,759	57.54
US4601461035	Sale	400	56.88
US4601461035	Sale	337	57.12
US4601461035	Sale	800	57.21
US4601461035	Sale	456	57.42
US4601461035	Sale	2	57.19
US4601461035	Sale	1,276	57.59
US4601461035	Sale	2,001	56.94
US4601461035	Sale	12,215	57.50
US4601461035	Sale	1,855	57.15
US4601461035	Sale	558	57.49
US4601461035	Purchase	39,287	57.25
US4601461035	Sale	4,400	57.25
US4601461035	Purchase	35,404	57.53
US4601461035	Sale	35,608	57.53
US4601461035	Sale	40,872	57.63
US4601461035	Sale	1,661	57.20
US4601461035	Sale	100	57.37
US4601461035	Sale	196	57.47
US4601461035	Sale	504	57.41
US4601461035	Purchase	321,250	57.57
US4601461035	Sale	3,528	57.57
US4601461035	Sale	8,334	57.51
US4601461035	Purchase	62,859	57.28
US4601461035	Sale	3,909	57.58
US4601461035	Sale	6,257	57.66
US4601461035	Sale	2,214	57.48
US4601461035	Sale	18,930	57.38
US4601461035	Sale	4,836	57.43
US4601461035	Sale	26,791	57.45
US4601461035	Sale	1,037	57.27
US4601461035	Sale	142	57.64
US4601461035	Sale	2,500	57.68
US4601461035	Sale	1,902	57.71
US4601461035	Sale	585	57.26
US4601461035	Sale	1,617	56.78
US4601461035	Sale	1,400	56.85
US4601461035	Sale	1,988	56.87
US4601461035	Sale	757	57.03
US4601461035	Sale	5,203	56.99
US4601461035	Sale	4,549	57.04
US4601461035	Purchase	321,250	57.06
US4601461035	Sale	400	56.89
US4601461035	Sale	563	56.86
US4601461035	Sale	9,974	57.56
US4601461035	Purchase	277	57.56
US4601461035	Purchase	9,974	57.56
US4601461035	Purchase	181,642	57.56
US4601461035	Purchase	1,429	57.56
US4601461035	Sale	1,824	57.56
US4601461035	Sale	46	57.44
US4601461035	Purchase	395	57.52
US4601461035	Sale	2,293	57.52
US4601461035	Purchase	1,191	57.54
US4601461035	Sale	960	57.54
US4601461035	Sale	228	57.59
US4601461035	Sale	6	57.50
US4601461035	Sale	16,145	57.53
US4601461035	Purchase	2,750	57.47
US4601461035	Sale	57	57.57
US4601461035	Sale	38	57.66
US4601461035	Sale	1,215	57.45
US4601461035	Sale	369	56.95

(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	Reducing a long position	849	57.58 USD
US4601461035	Equity Swap	Reducing a long position	3,888	57.58 USD
US4601461035	Equity Swap	Reducing a long position	2,071	57.47 USD
US4601461035	Equity Swap	Reducing a long position	961	57.47 USD
US4601461035	Equity Swap	Increasing a long position	3,437	57.48 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 (USD)
US4601461035	Put Option	Purchasing	1,300	55.00	American	17/01/2025	1.54

(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:	6^th November 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	Put Option	Purchased	65,800	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	40,900	47.50	American	17/01/2025
US4601461035	Put Option	Purchased	1,000	50.00	American	17/01/2025
US4601461035	Call Option	Written	5,000	56.00	American	08/11/2024
US4601461035	Put Option	Purchased	3,800	55.00	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.