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	22^nd 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:	4,497,738	1.295%	1,702,673	0.490%
(2) Cash-settled derivatives:	1,784	0.001%	900,966	0.259%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	129,900	0.037%
TOTAL:	4,512,122	1.299%	2,733,539	0.787%

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	200	58.94
US4601461035	Purchase	232	59.29
US4601461035	Purchase	269	59.26
US4601461035	Purchase	39	59.65
US4601461035	Purchase	7,240	59.32
US4601461035	Sale	2,109	59.32
US4601461035	Purchase	7	59.18
US4601461035	Purchase	227	59.62
US4601461035	Purchase	66	59.47
US4601461035	Purchase	322	59.28
US4601461035	Purchase	100	59.69
US4601461035	Purchase	100	59.41
US4601461035	Purchase	700	58.90
US4601461035	Purchase	478	59.57
US4601461035	Purchase	559	59.37
US4601461035	Purchase	94	59.64
US4601461035	Purchase	200	59.42
US4601461035	Purchase	418	59.31
US4601461035	Purchase	700	59.70
US4601461035	Purchase	194	59.36
US4601461035	Purchase	200	58.91
US4601461035	Purchase	255	59.34
US4601461035	Purchase	367	59.38
US4601461035	Purchase	48	59.22
US4601461035	Purchase	401	59.55
US4601461035	Purchase	112	59.25
US4601461035	Purchase	988	59.43
US4601461035	Purchase	3	59.58
US4601461035	Purchase	454	59.21
US4601461035	Purchase	300	58.93
US4601461035	Purchase	525	59.52
US4601461035	Purchase	27	59.23
US4601461035	Purchase	68	59.56
US4601461035	Purchase	52	59.30
US4601461035	Purchase	398	59.51
US4601461035	Purchase	3	59.49
US4601461035	Purchase	16	59.20
US4601461035	Purchase	845	59.35
US4601461035	Purchase	1,385	59.59
US4601461035	Purchase	234	59.27
US4601461035	Purchase	1,022	59.17
US4601461035	Purchase	474	59.45
US4601461035	Purchase	821	59.19
US4601461035	Purchase	200	58.92
US4601461035	Purchase	157	59.44
US4601461035	Purchase	374	59.54
US4601461035	Purchase	56	59.94
US4601461035	Purchase	1,421	59.32
US4601461035	Sale	1,394	59.47
US4601461035	Sale	25	59.70
US4601461035	Sale	2	59.72
US4601461035	Purchase	1,494	58.94
US4601461035	Purchase	1	59.26
US4601461035	Sale	1,992	59.32
US4601461035	Purchase	2	59.28
US4601461035	Purchase	4	59.37
US4601461035	Purchase	3	59.31
US4601461035	Purchase	488	59.22
US4601461035	Purchase	628	59.29
US4601461035	Purchase	692	59.26
US4601461035	Purchase	3,473	59.65
US4601461035	Purchase	8,649	59.32
US4601461035	Sale	34,526	59.32
US4601461035	Purchase	100	59.66
US4601461035	Purchase	1,394	59.47
US4601461035	Purchase	300	59.78
US4601461035	Purchase	970	59.28
US4601461035	Purchase	100	59.69
US4601461035	Purchase	234	59.57
US4601461035	Purchase	300	59.37
US4601461035	Purchase	1,117	59.80
US4601461035	Purchase	11	59.42
US4601461035	Purchase	741	59.31
US4601461035	Purchase	27	59.71
US4601461035	Purchase	700	59.77
US4601461035	Purchase	100	59.70
US4601461035	Purchase	100	59.36
US4601461035	Purchase	50	59.53
US4601461035	Purchase	544	59.38
US4601461035	Purchase	8	59.40
US4601461035	Purchase	100	59.87
US4601461035	Purchase	1,200	59.22
US4601461035	Purchase	2,400	59.24
US4601461035	Purchase	392	59.43
US4601461035	Purchase	203	59.58
US4601461035	Purchase	100	59.21
US4601461035	Purchase	1,600	59.23
US4601461035	Purchase	100	59.50
US4601461035	Purchase	100	59.56
US4601461035	Purchase	292	59.60
US4601461035	Purchase	545	59.68
US4601461035	Purchase	363	59.30
US4601461035	Purchase	400	59.51
US4601461035	Purchase	100	59.49
US4601461035	Purchase	100	59.35
US4601461035	Purchase	300	59.74
US4601461035	Purchase	1,000	59.45
US4601461035	Purchase	200	59.75
US4601461035	Purchase	200	59.19
US4601461035	Purchase	10,000	58.89
US4601461035	Purchase	200	59.88
US4601461035	Purchase	100	59.85
US4601461035	Purchase	200	59.94
US4601461035	Purchase	1,114	59.73
US4601461035	Purchase	114	59.93
US4601461035	Purchase	100	59.92
US4601461035	Purchase	214	59.89
US4601461035	Purchase	200	59.79
US4601461035	Purchase	1,941	59.76
US4601461035	Purchase	811	59.67
US4601461035	Purchase	38,550	59.65
US4601461035	Purchase	1,462	59.32
US4601461035	Sale	7,200	59.32
US4601461035	Purchase	100	58.94
US4601461035	Purchase	843	59.29
US4601461035	Purchase	326	59.26
US4601461035	Purchase	300	59.65
US4601461035	Purchase	325	59.32
US4601461035	Purchase	100	58.62
US4601461035	Purchase	676	59.62
US4601461035	Purchase	603	59.66
US4601461035	Purchase	574	59.47
US4601461035	Purchase	607	59.28
US4601461035	Sale	3	59.28
US4601461035	Purchase	6,402	59.69
US4601461035	Purchase	300	58.90
US4601461035	Purchase	100	59.37
US4601461035	Purchase	242	59.71
US4601461035	Purchase	124	58.69
US4601461035	Purchase	200	58.60
US4601461035	Purchase	102	59.63
US4601461035	Purchase	2	58.97
US4601461035	Purchase	100	58.75
US4601461035	Purchase	309	59.70
US4601461035	Purchase	100	59.36
US4601461035	Purchase	200	59.72
US4601461035	Purchase	7,615	58.80
US4601461035	Purchase	9,127	59.38
US4601461035	Purchase	26	59.33
US4601461035	Purchase	827	59.22
US4601461035	Purchase	100	59.55
US4601461035	Purchase	2,926	59.25
US4601461035	Purchase	792	59.24
US4601461035	Purchase	305	59.43
US4601461035	Purchase	200	59.58
US4601461035	Purchase	2,463	59.21
US4601461035	Purchase	1,449	59.23
US4601461035	Purchase	267	58.87
US4601461035	Purchase	12	59.56
US4601461035	Purchase	900	59.30
US4601461035	Purchase	143	59.20
US4601461035	Purchase	100	59.35
US4601461035	Purchase	798	59.59
US4601461035	Purchase	100	58.77
US4601461035	Purchase	1,922	59.27
US4601461035	Purchase	200	59.48
US4601461035	Purchase	28	59.74
US4601461035	Purchase	100	59.45
US4601461035	Purchase	1	59.75
US4601461035	Purchase	44	59.19
US4601461035	Purchase	967	59.46
US4601461035	Purchase	200	59.44
US4601461035	Sale	9,749	59.39
US4601461035	Sale	26	59.29
US4601461035	Sale	1,037	59.26
US4601461035	Sale	112	59.65
US4601461035	Purchase	72,839	59.32
US4601461035	Sale	2,294	59.32
US4601461035	Sale	1,046	59.62
US4601461035	Sale	2,624	59.61
US4601461035	Sale	1	59.66
US4601461035	Sale	500	59.47
US4601461035	Sale	2	59.69
US4601461035	Sale	3,705	59.41
US4601461035	Sale	100	59.57
US4601461035	Sale	2,248	59.64
US4601461035	Sale	400	59.01
US4601461035	Sale	767	59.31
US4601461035	Sale	4,211	59.63
US4601461035	Sale	928	59.77
US4601461035	Sale	1,600	59.34
US4601461035	Sale	263	59.87
US4601461035	Sale	1,153	59.55
US4601461035	Sale	6	59.25
US4601461035	Sale	287	59.24
US4601461035	Sale	21	59.02
US4601461035	Sale	300	59.23
US4601461035	Purchase	665	58.94
US4601461035	Sale	5	58.94
US4601461035	Purchase	126	59.29
US4601461035	Sale	419	59.29
US4601461035	Purchase	10	59.26
US4601461035	Sale	348	59.26
US4601461035	Purchase	426	59.65
US4601461035	Purchase	2,226	59.32
US4601461035	Sale	2,222	59.32
US4601461035	Purchase	10	59.18
US4601461035	Purchase	100	58.62
US4601461035	Sale	7	58.62
US4601461035	Purchase	8	59.62
US4601461035	Sale	1,396	59.62
US4601461035	Purchase	44	59.61
US4601461035	Sale	1	59.61
US4601461035	Purchase	598	59.66
US4601461035	Sale	280	59.66
US4601461035	Sale	2	59.47
US4601461035	Sale	58	59.90
US4601461035	Purchase	14	59.78
US4601461035	Purchase	363	59.28
US4601461035	Sale	248	59.28
US4601461035	Purchase	6	59.69
US4601461035	Sale	163	59.69
US4601461035	Purchase	10	59.41
US4601461035	Purchase	2	58.90
US4601461035	Purchase	414	59.57
US4601461035	Sale	36	59.57
US4601461035	Purchase	5	59.37
US4601461035	Sale	32	59.37
US4601461035	Purchase	105	59.64
US4601461035	Sale	349	59.64
US4601461035	Purchase	10	59.80
US4601461035	Purchase	393	59.42
US4601461035	Purchase	232	59.01
US4601461035	Purchase	94	59.31
US4601461035	Sale	72	59.31
US4601461035	Purchase	389	59.71
US4601461035	Sale	711	59.71
US4601461035	Purchase	48	59.63
US4601461035	Purchase	151	58.97
US4601461035	Sale	2	58.97
US4601461035	Sale	1,368	59.77
US4601461035	Purchase	2,753	59.36
US4601461035	Sale	2,715	59.36
US4601461035	Purchase	3	58.91
US4601461035	Purchase	34	59.72
US4601461035	Sale	45	59.72
US4601461035	Sale	2,715	58.80
US4601461035	Purchase	178	59.34
US4601461035	Purchase	36	59.38
US4601461035	Sale	2	59.40
US4601461035	Sale	13	59.33
US4601461035	Purchase	97	59.22
US4601461035	Sale	55	59.22
US4601461035	Purchase	249	59.55
US4601461035	Sale	85	59.55
US4601461035	Purchase	189	59.25
US4601461035	Sale	37	59.25
US4601461035	Purchase	105	59.24
US4601461035	Sale	4	59.24
US4601461035	Purchase	141	59.43
US4601461035	Purchase	156	59.58
US4601461035	Sale	127	59.58
US4601461035	Purchase	29	59.21
US4601461035	Sale	70	59.21
US4601461035	Purchase	26	58.93
US4601461035	Sale	39	59.52
US4601461035	Purchase	84	59.23
US4601461035	Purchase	2	58.87
US4601461035	Purchase	8	59.50
US4601461035	Sale	31	59.50
US4601461035	Sale	1	58.86
US4601461035	Purchase	308	59.56
US4601461035	Sale	5	59.56
US4601461035	Sale	20	59.60
US4601461035	Purchase	31	59.68
US4601461035	Purchase	100	59.30
US4601461035	Sale	82	59.30
US4601461035	Purchase	1	59.49
US4601461035	Purchase	42	58.88
US4601461035	Sale	5	58.88
US4601461035	Purchase	5	59.20
US4601461035	Sale	126	59.20
US4601461035	Purchase	27	59.35
US4601461035	Purchase	152	58.83
US4601461035	Purchase	231	59.59
US4601461035	Purchase	10	59.27
US4601461035	Sale	12	59.27
US4601461035	Sale	5	59.48
US4601461035	Purchase	100	58.98
US4601461035	Sale	11	58.64
US4601461035	Purchase	397	59.74
US4601461035	Purchase	79	58.82
US4601461035	Purchase	166	59.17
US4601461035	Sale	21	59.19
US4601461035	Purchase	1	58.89
US4601461035	Purchase	5	58.95
US4601461035	Purchase	100	58.67
US4601461035	Purchase	23	59.00
US4601461035	Purchase	100	58.70
US4601461035	Purchase	467	58.92
US4601461035	Purchase	3	58.84
US4601461035	Purchase	50	59.44
US4601461035	Purchase	327	59.54
US4601461035	Sale	1,315	59.54
US4601461035	Purchase	41	58.85
US4601461035	Sale	61	59.82
US4601461035	Sale	1,267	59.88
US4601461035	Purchase	3,511	58.96
US4601461035	Sale	87	59.91
US4601461035	Purchase	693	58.99
US4601461035	Sale	2	59.39
US4601461035	Sale	90	59.85
US4601461035	Purchase	10	59.86
US4601461035	Sale	646	59.86
US4601461035	Sale	2	59.03
US4601461035	Sale	56	59.84
US4601461035	Purchase	168	58.66
US4601461035	Sale	5	59.73
US4601461035	Sale	71	59.93
US4601461035	Sale	53	59.92
US4601461035	Purchase	10	59.89
US4601461035	Sale	13	59.89
US4601461035	Sale	51	59.79
US4601461035	Sale	77	59.76
US4601461035	Purchase	48	59.67
US4601461035	Sale	4	59.67
US4601461035	Purchase	57	58.94
US4601461035	Sale	413	58.94
US4601461035	Purchase	212	59.29
US4601461035	Sale	78	59.29
US4601461035	Purchase	800	59.26
US4601461035	Purchase	349	59.65
US4601461035	Purchase	35,663	59.32
US4601461035	Sale	35,015	59.32
US4601461035	Purchase	33	59.61
US4601461035	Purchase	2,184	59.47
US4601461035	Sale	2,084	59.47
US4601461035	Purchase	234	59.90
US4601461035	Purchase	1	59.78
US4601461035	Purchase	151	59.28
US4601461035	Sale	3	59.28
US4601461035	Purchase	7	59.69
US4601461035	Purchase	413	59.41
US4601461035	Sale	18	59.41
US4601461035	Purchase	339	59.57
US4601461035	Purchase	100	59.37
US4601461035	Purchase	5	59.64
US4601461035	Purchase	5	59.80
US4601461035	Purchase	8	59.31
US4601461035	Purchase	23	59.63
US4601461035	Purchase	2	59.70
US4601461035	Purchase	4,985	59.36
US4601461035	Sale	4,900	59.36
US4601461035	Sale	4,900	58.80
US4601461035	Purchase	195	59.38
US4601461035	Purchase	36	59.33
US4601461035	Purchase	2	59.87
US4601461035	Purchase	168	59.22
US4601461035	Purchase	325	59.25
US4601461035	Sale	2,086	59.25
US4601461035	Purchase	235	59.24
US4601461035	Purchase	48	59.43
US4601461035	Purchase	4	59.21
US4601461035	Sale	1	59.21
US4601461035	Purchase	8	58.87
US4601461035	Sale	3	59.50
US4601461035	Purchase	104	58.86
US4601461035	Purchase	100	59.56
US4601461035	Purchase	200	59.68
US4601461035	Purchase	82	59.30
US4601461035	Purchase	17	59.51
US4601461035	Purchase	155	59.20
US4601461035	Purchase	511	59.35
US4601461035	Purchase	298	59.59
US4601461035	Purchase	24	59.27
US4601461035	Purchase	2	59.45
US4601461035	Sale	2	59.45
US4601461035	Purchase	12	59.75
US4601461035	Purchase	33	58.89
US4601461035	Purchase	200	59.46
US4601461035	Purchase	300	59.54
US4601461035	Purchase	8	58.85
US4601461035	Purchase	4	59.88
US4601461035	Purchase	178	59.91
US4601461035	Purchase	54	59.39
US4601461035	Purchase	200	59.85
US4601461035	Purchase	45	59.86
US4601461035	Purchase	10	59.84
US4601461035	Purchase	100	59.92
US4601461035	Purchase	100	59.89
US4601461035	Purchase	110	59.67
US4601461035	Purchase	64	59.83
US4601461035	Purchase	68	59.26
US4601461035	Purchase	24	59.32
US4601461035	Purchase	73	59.28
US4601461035	Purchase	2	59.37
US4601461035	Purchase	4	59.34
US4601461035	Purchase	12	59.25
US4601461035	Purchase	35	59.30
US4601461035	Purchase	146	59.20
US4601461035	Purchase	62	59.27
US4601461035	Purchase	349	59.32
US4601461035	Sale	2,916	59.32
US4601461035	Sale	12,952	59.32
US4601461035	Sale	57,895	59.32
US4601461035	Sale	900	59.32
US4601461035	Sale	1,141	59.32
US4601461035	Purchase	4	59.62
US4601461035	Purchase	2	59.37
US4601461035	Sale	2	59.37
US4601461035	Sale	203	59.42
US4601461035	Purchase	654	59.36
US4601461035	Sale	1,188	59.53
US4601461035	Purchase	190	59.38
US4601461035	Purchase	152	59.40
US4601461035	Purchase	304	59.33
US4601461035	Purchase	165	59.24
US4601461035	Purchase	108	59.13
US4601461035	Sale	46	59.52
US4601461035	Sale	105	59.50
US4601461035	Purchase	98	59.56
US4601461035	Purchase	105	59.60
US4601461035	Sale	6	59.68
US4601461035	Purchase	13	59.30
US4601461035	Purchase	693	59.49

(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	1,285	46.75 GBP
US4601461035	Equity Swap	Reducing a long Position	363	59.06 USD
US4601461035	Equity Swap	Reducing a long Position	221	59.53 USD
US4601461035	Equity Swap	Reducing a long Position	414	59.53 USD
US4601461035	Equity Swap	Reducing a long Position	260	59.53 USD
US4601461035	Equity Swap	Reducing a long Position	638	59.53 USD
US4601461035	Equity Swap	Closing a short Position	34,245	59.32 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	1,400	57.50	American	17/01/2025	1.28

(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:	25^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	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	Put Option	Purchased	10,700	55.00	American	17/01/2025
US4601461035	Put Option	Purchased	10,700	57.50	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.