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	04^th December 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:	4,872,064	1.403%	2,122,603	0.611%
(2) Cash-settled derivatives:	12,126	0.003%	904,564	0.260%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	140,400	0.040%
TOTAL:	4,896,790	1.410%	3,167,567	0.912%

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	18,592	57.72
US4601461035	Purchase	100	57.72
US4601461035	Sale	9,858	57.72
US4601461035	Purchase	100	57.85
US4601461035	Purchase	300	58.32
US4601461035	Purchase	197	57.63
US4601461035	Purchase	100	58.27
US4601461035	Purchase	100	57.88
US4601461035	Purchase	100	58.33
US4601461035	Purchase	400	57.96
US4601461035	Purchase	100	57.57
US4601461035	Purchase	600	58.03
US4601461035	Purchase	300	58.31
US4601461035	Purchase	435	57.77
US4601461035	Purchase	2,942	57.82
US4601461035	Purchase	400	57.71
US4601461035	Purchase	308	57.70
US4601461035	Purchase	597	57.91
US4601461035	Purchase	600	57.94
US4601461035	Purchase	500	57.62
US4601461035	Purchase	100	57.61
US4601461035	Purchase	3	57.65
US4601461035	Purchase	311	57.83
US4601461035	Purchase	500	57.86
US4601461035	Purchase	400	58.28
US4601461035	Purchase	275	58.18
US4601461035	Purchase	500	58.26
US4601461035	Purchase	500	58.13
US4601461035	Purchase	700	58.12
US4601461035	Purchase	25	58.24
US4601461035	Purchase	1,385	58.01
US4601461035	Purchase	100	58.14
US4601461035	Purchase	200	58.39
US4601461035	Sale	172,670	57.72
US4601461035	Purchase	1,357	58.50
US4601461035	Purchase	15	57.92
US4601461035	Purchase	303	57.72
US4601461035	Sale	3,763	57.72
US4601461035	Purchase	19	57.64
US4601461035	Purchase	3	57.63
US4601461035	Purchase	100	57.71
US4601461035	Purchase	800	57.68
US4601461035	Purchase	176	57.75
US4601461035	Purchase	49	57.62
US4601461035	Purchase	138	57.65
US4601461035	Purchase	57	57.97
US4601461035	Purchase	100	57.58
US4601461035	Purchase	643	57.74
US4601461035	Purchase	3	58.00
US4601461035	Purchase	3,607	57.72
US4601461035	Sale	72,166	57.72
US4601461035	Purchase	200	57.93
US4601461035	Purchase	3,198	57.85
US4601461035	Purchase	2,817	57.79
US4601461035	Purchase	2,558	58.32
US4601461035	Purchase	310	57.63
US4601461035	Purchase	13	57.95
US4601461035	Purchase	111	58.16
US4601461035	Purchase	2,775	57.88
US4601461035	Purchase	5,622	58.30
US4601461035	Purchase	5,139	57.89
US4601461035	Purchase	350	58.33
US4601461035	Purchase	220	57.76
US4601461035	Purchase	1	58.19
US4601461035	Purchase	613	57.98
US4601461035	Purchase	100	57.73
US4601461035	Purchase	596	58.03
US4601461035	Purchase	1,306	57.99
US4601461035	Purchase	3,854	58.31
US4601461035	Purchase	589	57.77
US4601461035	Purchase	17,020	57.82
US4601461035	Purchase	1,912	57.70
US4601461035	Purchase	8,661	57.84
US4601461035	Purchase	2,578	57.94
US4601461035	Purchase	617	57.75
US4601461035	Purchase	132	57.60
US4601461035	Purchase	281	57.61
US4601461035	Purchase	1,091	57.65
US4601461035	Purchase	153	57.87
US4601461035	Purchase	607	57.97
US4601461035	Purchase	150	58.35
US4601461035	Purchase	17	58.15
US4601461035	Purchase	367	58.18
US4601461035	Purchase	60	58.26
US4601461035	Purchase	700	58.13
US4601461035	Purchase	38	58.09
US4601461035	Purchase	160	58.12
US4601461035	Purchase	151	58.34
US4601461035	Purchase	83	58.20
US4601461035	Purchase	134	58.14
US4601461035	Purchase	561	58.23
US4601461035	Purchase	1,597	58.29
US4601461035	Purchase	400	58.21
US4601461035	Purchase	600	58.25
US4601461035	Purchase	5	58.17
US4601461035	Purchase	112	58.10
US4601461035	Purchase	6,600	57.72
US4601461035	Sale	1,900	57.72
US4601461035	Sale	6	57.64
US4601461035	Purchase	5	57.93
US4601461035	Purchase	22	57.85
US4601461035	Sale	202	57.79
US4601461035	Sale	65	57.63
US4601461035	Purchase	516	57.78
US4601461035	Sale	642	57.78
US4601461035	Sale	112	57.95
US4601461035	Sale	1	58.16
US4601461035	Purchase	4	57.88
US4601461035	Purchase	1	57.89
US4601461035	Sale	101	57.89
US4601461035	Sale	100	57.96
US4601461035	Purchase	463	57.76
US4601461035	Sale	5,798	57.76
US4601461035	Purchase	1,337	57.67
US4601461035	Sale	200	57.67
US4601461035	Purchase	2,426	57.81
US4601461035	Purchase	300	57.57
US4601461035	Purchase	1	57.99
US4601461035	Sale	9	57.99
US4601461035	Purchase	32,079	57.80
US4601461035	Purchase	6	57.90
US4601461035	Sale	10	57.90
US4601461035	Purchase	50,979	57.77
US4601461035	Sale	53,122	57.77
US4601461035	Purchase	23,288	57.71
US4601461035	Sale	46	57.70
US4601461035	Sale	19	57.84
US4601461035	Sale	6	57.91
US4601461035	Purchase	49	57.68
US4601461035	Sale	12	57.68
US4601461035	Purchase	10	57.94
US4601461035	Purchase	1,400	57.75
US4601461035	Purchase	28,671	57.61
US4601461035	Purchase	59	57.87
US4601461035	Sale	53	57.87
US4601461035	Purchase	3	57.59
US4601461035	Purchase	2	57.97
US4601461035	Sale	103	57.97
US4601461035	Sale	1,074	57.83
US4601461035	Purchase	1	58.00
US4601461035	Sale	23	58.02
US4601461035	Purchase	13,338	57.92
US4601461035	Purchase	3,661	57.72
US4601461035	Purchase	143	57.93
US4601461035	Purchase	842	57.85
US4601461035	Purchase	1,359	58.32
US4601461035	Purchase	614	57.78
US4601461035	Purchase	100	58.27
US4601461035	Purchase	65	58.30
US4601461035	Purchase	6,178	57.89
US4601461035	Purchase	15	57.96
US4601461035	Purchase	2,500	57.76
US4601461035	Purchase	26	58.19
US4601461035	Purchase	43	57.67
US4601461035	Purchase	9	57.99
US4601461035	Purchase	300	58.31
US4601461035	Purchase	871	57.80
US4601461035	Purchase	14,282	57.77
US4601461035	Sale	14,206	57.77
US4601461035	Purchase	157	57.94
US4601461035	Purchase	38	57.61
US4601461035	Purchase	258	57.65
US4601461035	Purchase	53	57.87
US4601461035	Purchase	100	58.05
US4601461035	Purchase	101	57.56
US4601461035	Sale	14,300	57.92
US4601461035	Purchase	22,355	57.72
US4601461035	Sale	2,316	57.72
US4601461035	Sale	6	57.93
US4601461035	Sale	425	57.85
US4601461035	Sale	50	58.40
US4601461035	Sale	789	57.79
US4601461035	Sale	1,089	57.78
US4601461035	Sale	7	57.95
US4601461035	Sale	12	58.36
US4601461035	Sale	903	57.88
US4601461035	Sale	227	58.30
US4601461035	Sale	181	57.89
US4601461035	Sale	200	58.33
US4601461035	Sale	50	57.96
US4601461035	Sale	200	57.76
US4601461035	Sale	100	57.81
US4601461035	Sale	15	58.03
US4601461035	Sale	45	57.99
US4601461035	Purchase	14,300	57.77
US4601461035	Sale	14,300	57.77
US4601461035	Sale	105	57.91
US4601461035	Sale	157	57.68
US4601461035	Sale	382	57.97
US4601461035	Sale	79	57.58
US4601461035	Sale	496	57.69
US4601461035	Sale	221	57.74
US4601461035	Purchase	1,143	58.50
US4601461035	Purchase	108	57.92
US4601461035	Sale	370	57.92
US4601461035	Purchase	28,487	57.72
US4601461035	Sale	29,183	57.72
US4601461035	Purchase	122	57.64
US4601461035	Sale	282	57.64
US4601461035	Purchase	226	57.93
US4601461035	Sale	52	57.93
US4601461035	Purchase	37	57.85
US4601461035	Purchase	2	57.79
US4601461035	Sale	8	57.79
US4601461035	Sale	666	57.63
US4601461035	Sale	200	57.78
US4601461035	Sale	8	57.95
US4601461035	Purchase	201	58.16
US4601461035	Purchase	3	57.88
US4601461035	Sale	521	57.88
US4601461035	Sale	8	57.89
US4601461035	Purchase	143	57.96
US4601461035	Sale	2,902	57.96
US4601461035	Purchase	9,716	57.76
US4601461035	Sale	6,504	57.76
US4601461035	Purchase	304	58.19
US4601461035	Purchase	372	57.54
US4601461035	Purchase	1,657	57.67
US4601461035	Sale	14	57.67
US4601461035	Purchase	443	57.98
US4601461035	Sale	117	57.98
US4601461035	Sale	99	57.81
US4601461035	Purchase	228	57.73
US4601461035	Sale	2,814	57.73
US4601461035	Sale	100	57.57
US4601461035	Purchase	223	58.03
US4601461035	Sale	1	57.99
US4601461035	Purchase	126	57.80
US4601461035	Purchase	293	57.90
US4601461035	Sale	7	57.90
US4601461035	Purchase	182	57.77
US4601461035	Purchase	1	57.82
US4601461035	Sale	8	57.82
US4601461035	Purchase	289	57.71
US4601461035	Sale	716	57.71
US4601461035	Purchase	747	57.70
US4601461035	Sale	1,603	57.70
US4601461035	Sale	908	57.84
US4601461035	Sale	99	57.91
US4601461035	Sale	78	57.68
US4601461035	Sale	31	57.94
US4601461035	Purchase	311	57.75
US4601461035	Sale	2	57.61
US4601461035	Sale	1	57.65
US4601461035	Purchase	43	57.87
US4601461035	Sale	274	57.87
US4601461035	Purchase	1,882	57.97
US4601461035	Sale	142	57.97
US4601461035	Purchase	39	57.69
US4601461035	Sale	196	57.69
US4601461035	Purchase	6,432	57.74
US4601461035	Sale	1	57.83
US4601461035	Sale	163	58.00
US4601461035	Purchase	85	58.35
US4601461035	Sale	6	57.86
US4601461035	Purchase	12	58.15
US4601461035	Purchase	109	58.04
US4601461035	Purchase	209	58.09
US4601461035	Purchase	127	58.12
US4601461035	Purchase	197	58.34
US4601461035	Purchase	34	58.20
US4601461035	Purchase	106	58.01
US4601461035	Sale	4	58.01
US4601461035	Purchase	2	58.14
US4601461035	Purchase	1	58.02
US4601461035	Sale	4	58.02
US4601461035	Purchase	145	57.66
US4601461035	Sale	1	57.66
US4601461035	Sale	706	58.50
US4601461035	Sale	1,988	57.92
US4601461035	Purchase	276,239	57.72
US4601461035	Sale	80,346	57.72
US4601461035	Sale	2,378	57.64
US4601461035	Sale	3,049	57.93
US4601461035	Sale	2,912	57.85
US4601461035	Sale	2,285	57.79
US4601461035	Purchase	9,394	58.32
US4601461035	Sale	1,626	58.32
US4601461035	Sale	3,288	57.63
US4601461035	Purchase	24,027	57.78
US4601461035	Sale	24,322	57.78
US4601461035	Sale	390	57.95
US4601461035	Purchase	1,400	58.36
US4601461035	Sale	400	58.36
US4601461035	Purchase	100	58.27
US4601461035	Sale	8,580	57.88
US4601461035	Purchase	3,505	58.30
US4601461035	Sale	300	58.30
US4601461035	Purchase	1	57.89
US4601461035	Sale	2,974	57.89
US4601461035	Purchase	3,615	58.33
US4601461035	Sale	664	57.96
US4601461035	Purchase	34,409	57.76
US4601461035	Sale	46,667	57.76
US4601461035	Sale	26	58.19
US4601461035	Sale	1,379	57.54
US4601461035	Sale	7,459	57.67
US4601461035	Sale	1,567	57.98
US4601461035	Sale	1,643	57.81
US4601461035	Sale	101	57.73
US4601461035	Purchase	9,327	57.57
US4601461035	Sale	1,838	57.57
US4601461035	Sale	727	58.03
US4601461035	Sale	867	57.99
US4601461035	Purchase	10,013	58.31
US4601461035	Sale	335	58.31
US4601461035	Purchase	3	57.80
US4601461035	Sale	1,211	57.80
US4601461035	Sale	10,882	57.90
US4601461035	Purchase	1,186	57.77
US4601461035	Sale	16,236	57.77
US4601461035	Sale	44,623	57.82
US4601461035	Sale	2,757	57.71
US4601461035	Sale	8,866	57.70
US4601461035	Sale	1,314	57.84
US4601461035	Sale	9,502	57.91
US4601461035	Sale	898	57.68
US4601461035	Sale	489	57.94
US4601461035	Sale	2,388	57.75
US4601461035	Purchase	14,068	57.60
US4601461035	Sale	9,143	57.60
US4601461035	Sale	45,251	57.62
US4601461035	Purchase	450	57.61
US4601461035	Sale	13,395	57.61
US4601461035	Sale	3,894	57.65
US4601461035	Sale	4,057	57.87
US4601461035	Purchase	600	57.59
US4601461035	Sale	13,320	57.59
US4601461035	Sale	2,734	57.97
US4601461035	Purchase	10,400	57.58
US4601461035	Sale	14,290	57.58
US4601461035	Sale	1,729	57.69
US4601461035	Sale	1,619	57.74
US4601461035	Sale	3,743	57.83
US4601461035	Sale	2,571	58.00
US4601461035	Purchase	600	58.35
US4601461035	Sale	200	58.35
US4601461035	Sale	1,835	57.86
US4601461035	Purchase	2	58.05
US4601461035	Purchase	2,441	58.28
US4601461035	Sale	100	58.28
US4601461035	Purchase	16,659	57.56
US4601461035	Sale	2,283	57.56
US4601461035	Purchase	2	58.04
US4601461035	Sale	100	58.04
US4601461035	Purchase	3,078	58.26
US4601461035	Purchase	15	58.12
US4601461035	Purchase	700	58.34
US4601461035	Sale	200	58.24
US4601461035	Sale	614	58.01
US4601461035	Sale	834	58.02
US4601461035	Sale	2,510	57.66
US4601461035	Purchase	1,000	58.39
US4601461035	Sale	100	58.39
US4601461035	Purchase	100	58.29
US4601461035	Sale	400	58.37
US4601461035	Sale	400	58.25
US4601461035	Purchase	14	58.17
US4601461035	Sale	554	57.55
US4601461035	Purchase	11	57.52
US4601461035	Sale	100	57.52
US4601461035	Purchase	700	57.53
US4601461035	Sale	100	57.50
US4601461035	Sale	5,460	57.72
US4601461035	Purchase	173	57.72
US4601461035	Purchase	106	57.92
US4601461035	Purchase	134	57.72
US4601461035	Sale	6,240	57.72
US4601461035	Purchase	8	57.93
US4601461035	Purchase	20	57.79
US4601461035	Purchase	4	57.63
US4601461035	Purchase	529	57.78
US4601461035	Purchase	1,072	57.95
US4601461035	Purchase	51	57.88
US4601461035	Purchase	280	57.89
US4601461035	Purchase	133	57.96
US4601461035	Purchase	206	57.76
US4601461035	Purchase	20	57.98
US4601461035	Purchase	81	57.81
US4601461035	Purchase	10	57.73
US4601461035	Purchase	1	57.90
US4601461035	Purchase	2,127	57.77
US4601461035	Purchase	2	57.71
US4601461035	Purchase	61	57.91
US4601461035	Purchase	254	57.94
US4601461035	Purchase	603	57.75
US4601461035	Purchase	27	57.69
US4601461035	Purchase	417	57.83
US4601461035	Purchase	42	57.86
US4601461035	Purchase	52	58.01
US4601461035	Purchase	13	57.92
US4601461035	Purchase	11	57.72
US4601461035	Purchase	3	57.93
US4601461035	Purchase	22	57.85
US4601461035	Purchase	5	57.96
US4601461035	Purchase	6	57.81
US4601461035	Purchase	10	57.90
US4601461035	Purchase	39	57.82
US4601461035	Purchase	80	57.75
US4601461035	Purchase	26	57.74
US4601461035	Purchase	13	57.83
US4601461035	Purchase	727	57.92
US4601461035	Purchase	113	57.72
US4601461035	Sale	19,310	57.72
US4601461035	Purchase	998	57.96
US4601461035	Purchase	952	57.81
US4601461035	Purchase	596	57.99
US4601461035	Purchase	1,874	57.90
US4601461035	Purchase	1,688	57.77
US4601461035	Purchase	890	57.82
US4601461035	Purchase	991	57.91
US4601461035	Purchase	480	57.94
US4601461035	Purchase	1,617	57.75
US4601461035	Purchase	143	57.65
US4601461035	Purchase	1,226	57.74
US4601461035	Purchase	1,799	57.83
US4601461035	Purchase	1,404	58.00
US4601461035	Purchase	595	57.86
US4601461035	Purchase	23	58.05
US4601461035	Purchase	400	57.56
US4601461035	Purchase	914	58.18
US4601461035	Purchase	950	58.06
US4601461035	Purchase	295	58.17
US4601461035	Purchase	635	58.08
US4601461035	Purchase	45	57.72
US4601461035	Sale	2	57.76
US4601461035	Purchase	555	57.81
US4601461035	Purchase	79	57.73
US4601461035	Purchase	307	57.90
US4601461035	Purchase	99	57.82
US4601461035	Sale	344	57.82
US4601461035	Purchase	266	57.71
US4601461035	Sale	320	57.70
US4601461035	Sale	12	57.68
US4601461035	Purchase	261	57.75
US4601461035	Sale	41	57.75
US4601461035	Sale	8	57.69
US4601461035	Sale	16	57.83

(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	1,028	46.26 GBP
US4601461035	Equity Swap	Reducing a long position	73	58.30 USD
US4601461035	Equity Swap	Increasing a long position	1,139	57.84 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	1,500	57.50	American	17/01/2025	1.70

(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:	05^th December 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	21,200	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.