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:	Qube Research & Technologies Limited
(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	23-12-2024
(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 - DS Smith 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
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0.0	6,184,791	1.78
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	6,900	0.001	8,500	0.002
TOTAL:	6,900	0.001	6,193,291	1.78

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:	0
Details, including nature of the rights concerned and relevant percentages:	0

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)
Common Stock	Sale	1	53.42
Common Stock	Sale	1	53.48
Common Stock	Sale	1	53.60
Common Stock	Sale	1	53.66
Common Stock	Sale	1	53.67
Common Stock	Sale	1	53.88
Common Stock	Sale	1	53.93
Common Stock	Sale	1	53.98
Common Stock	Sale	1	53.99
Common Stock	Sale	1	54.08
Common Stock	Sale	1	54.20
Common Stock	Sale	1	54.20
Common Stock	Sale	1	54.22
Common Stock	Sale	1	54.28
Common Stock	Sale	2	53.45
Common Stock	Sale	2	53.45
Common Stock	Sale	2	53.58
Common Stock	Sale	2	53.76
Common Stock	Sale	2	53.96
Common Stock	Sale	3	53.82
Common Stock	Sale	3	53.98
Common Stock	Sale	3	54.10
Common Stock	Sale	3	54.23
Common Stock	Sale	3	54.40
Common Stock	Sale	5	54.32
Common Stock	Sale	7	54.37
Common Stock	Sale	10	54.19
Common Stock	Sale	11	54.09
Common Stock	Sale	14	53.98
Common Stock	Sale	14	54.08
Common Stock	Sale	15	53.87
Common Stock	Sale	15	54.08
Common Stock	Sale	15	54.08
Common Stock	Sale	15	54.19
Common Stock	Sale	15	54.23
Common Stock	Sale	17	54.18
Common Stock	Sale	18	54.34
Common Stock	Sale	20	54.31
Common Stock	Sale	22	53.51
Common Stock	Sale	22	54.43
Common Stock	Sale	24	53.98
Common Stock	Sale	26	53.43
Common Stock	Sale	26	53.52
Common Stock	Sale	26	53.63
Common Stock	Sale	27	54.40
Common Stock	Sale	28	53.53
Common Stock	Sale	28	53.54
Common Stock	Sale	28	53.58
Common Stock	Sale	30	53.57
Common Stock	Sale	37	54.09
Common Stock	Sale	40	54.30
Common Stock	Sale	46	53.51
Common Stock	Sale	56	54.04
Common Stock	Sale	57	54.19
Common Stock	Sale	59	53.93
Common Stock	Sale	69	54.36
Common Stock	Sale	70	53.37
Common Stock	Sale	75	53.91
Common Stock	Sale	79	53.94
Common Stock	Sale	83	54.10
Common Stock	Sale	84	53.92
Common Stock	Sale	85	53.53
Common Stock	Sale	85	54.47
Common Stock	Sale	90	54.21
Common Stock	Sale	91	53.46
Common Stock	Sale	96	54.18
Common Stock	Sale	98	54.40
Common Stock	Sale	100	53.41
Common Stock	Sale	100	53.42
Common Stock	Sale	100	53.53
Common Stock	Sale	100	53.74
Common Stock	Sale	100	53.88
Common Stock	Sale	100	53.96
Common Stock	Sale	100	53.99
Common Stock	Sale	100	54.12
Common Stock	Sale	100	54.17
Common Stock	Sale	100	54.23
Common Stock	Sale	100	54.33
Common Stock	Sale	100	54.34
Common Stock	Sale	100	54.37
Common Stock	Sale	100	54.41
Common Stock	Sale	100	54.45
Common Stock	Sale	100	54.48
Common Stock	Sale	102	53.97
Common Stock	Sale	114	53.95
Common Stock	Sale	118	53.94
Common Stock	Sale	120	54.34
Common Stock	Sale	123	54.39
Common Stock	Sale	139	54.45
Common Stock	Sale	140	54.38
Common Stock	Sale	158	53.43
Common Stock	Sale	165	54.36
Common Stock	Sale	168	53.53
Common Stock	Sale	169	53.44
Common Stock	Sale	169	53.52
Common Stock	Sale	171	54.26
Common Stock	Sale	176	53.54
Common Stock	Sale	192	53.39
Common Stock	Sale	193	53.39
Common Stock	Sale	200	53.45
Common Stock	Sale	200	53.49
Common Stock	Sale	200	53.57
Common Stock	Sale	200	53.64
Common Stock	Sale	200	53.68
Common Stock	Sale	200	53.85
Common Stock	Sale	200	53.89
Common Stock	Sale	200	53.90
Common Stock	Sale	200	53.91
Common Stock	Sale	200	53.92
Common Stock	Sale	200	53.93
Common Stock	Sale	200	53.94
Common Stock	Sale	200	54.01
Common Stock	Sale	200	54.24
Common Stock	Sale	200	54.25
Common Stock	Sale	200	54.30
Common Stock	Sale	201	53.46
Common Stock	Sale	205	53.48
Common Stock	Sale	205	53.51
Common Stock	Sale	219	54.40
Common Stock	Sale	220	54.18
Common Stock	Sale	233	53.63
Common Stock	Sale	261	54.48
Common Stock	Sale	287	54.46
Common Stock	Sale	300	53.69
Common Stock	Sale	300	53.73
Common Stock	Sale	300	54.00
Common Stock	Sale	300	54.05
Common Stock	Sale	300	54.06
Common Stock	Sale	300	54.10
Common Stock	Sale	300	54.11
Common Stock	Sale	300	54.22
Common Stock	Sale	300	54.28
Common Stock	Sale	300	54.44
Common Stock	Sale	301	53.43
Common Stock	Sale	307	54.29
Common Stock	Sale	308	54.44
Common Stock	Sale	334	54.20
Common Stock	Sale	347	53.47
Common Stock	Sale	384	53.65
Common Stock	Sale	402	53.56
Common Stock	Sale	404	53.46
Common Stock	Sale	427	53.63
Common Stock	Sale	491	54.43
Common Stock	Sale	500	53.95
Common Stock	Sale	522	54.35
Common Stock	Sale	533	54.38
Common Stock	Sale	535	53.35
Common Stock	Sale	600	54.19
Common Stock	Sale	673	54.38
Common Stock	Sale	700	53.67
Common Stock	Sale	700	53.71
Common Stock	Sale	829	54.41
Common Stock	Sale	884	54.21
Common Stock	Sale	902	53.66
Common Stock	Sale	1084	54.32
Common Stock	Sale	1135	54.47
Common Stock	Sale	1656	54.40
Common Stock	Sale	1698	54.39
Common Stock	Sale	1828	54.38
Common Stock	Sale	1999	54.37
Common Stock	Sale	2105	54.42
Common Stock	Sale	2767	54.36
Common Stock	Sale	31,746	54.49
Common Stock	Purchase	1	53.66
Common Stock	Purchase	1	53.67
Common Stock	Purchase	1	53.88
Common Stock	Purchase	1	53.93
Common Stock	Purchase	1	53.94
Common Stock	Purchase	1	53.99
Common Stock	Purchase	1	54.10
Common Stock	Purchase	1	54.20
Common Stock	Purchase	1	54.22
Common Stock	Purchase	1	54.28
Common Stock	Purchase	1	54.36
Common Stock	Purchase	1	54.39
Common Stock	Purchase	1	54.40
Common Stock	Purchase	2	53.45
Common Stock	Purchase	2	53.76
Common Stock	Purchase	2	53.96
Common Stock	Purchase	3	53.82
Common Stock	Purchase	3	53.98
Common Stock	Purchase	3	54.10
Common Stock	Purchase	3	54.40
Common Stock	Purchase	4	54.25
Common Stock	Purchase	4	54.39
Common Stock	Purchase	5	54.32
Common Stock	Purchase	6	53.72
Common Stock	Purchase	8	53.51
Common Stock	Purchase	8	54.19
Common Stock	Purchase	10	54.19
Common Stock	Purchase	11	54.09
Common Stock	Purchase	12	53.97
Common Stock	Purchase	14	53.98
Common Stock	Purchase	14	54.08
Common Stock	Purchase	15	53.87
Common Stock	Purchase	15	54.08
Common Stock	Purchase	15	54.08
Common Stock	Purchase	15	54.19
Common Stock	Purchase	15	54.23
Common Stock	Purchase	16	53.71
Common Stock	Purchase	17	54.18
Common Stock	Purchase	18	54.05
Common Stock	Purchase	18	54.08
Common Stock	Purchase	18	54.34
Common Stock	Purchase	19	53.76
Common Stock	Purchase	22	53.98
Common Stock	Purchase	24	53.98
Common Stock	Purchase	24	54.17
Common Stock	Purchase	26	53.52
Common Stock	Purchase	26	53.63
Common Stock	Purchase	28	53.54
Common Stock	Purchase	28	53.58
Common Stock	Purchase	29	54.43
Common Stock	Purchase	30	53.57
Common Stock	Purchase	37	54.02
Common Stock	Purchase	37	54.09
Common Stock	Purchase	42	53.39
Common Stock	Purchase	42	53.98
Common Stock	Purchase	44	53.47
Common Stock	Purchase	45	53.84
Common Stock	Purchase	46	53.51
Common Stock	Purchase	48	53.74
Common Stock	Purchase	51	53.77
Common Stock	Purchase	56	54.04
Common Stock	Purchase	57	54.19
Common Stock	Purchase	59	53.93
Common Stock	Purchase	61	53.41
Common Stock	Purchase	69	54.36
Common Stock	Purchase	75	53.91
Common Stock	Purchase	75	54.13
Common Stock	Purchase	79	53.94
Common Stock	Purchase	85	53.53
Common Stock	Purchase	90	54.21
Common Stock	Purchase	91	53.46
Common Stock	Purchase	100	53.62
Common Stock	Purchase	100	53.80
Common Stock	Purchase	100	53.80
Common Stock	Purchase	100	53.81
Common Stock	Purchase	100	53.94
Common Stock	Purchase	100	54.01
Common Stock	Purchase	100	54.23
Common Stock	Purchase	100	54.26
Common Stock	Purchase	100	54.42
Common Stock	Purchase	100	54.45
Common Stock	Purchase	100	54.46
Common Stock	Purchase	114	53.95
Common Stock	Purchase	118	53.40
Common Stock	Purchase	118	53.94
Common Stock	Purchase	119	54.45
Common Stock	Purchase	120	53.63
Common Stock	Purchase	123	54.39
Common Stock	Purchase	134	53.75
Common Stock	Purchase	135	53.49
Common Stock	Purchase	147	54.03
Common Stock	Purchase	152	53.50
Common Stock	Purchase	158	53.43
Common Stock	Purchase	158	53.73
Common Stock	Purchase	158	54.12
Common Stock	Purchase	168	53.53
Common Stock	Purchase	169	53.44
Common Stock	Purchase	176	53.54
Common Stock	Purchase	183	53.88
Common Stock	Purchase	184	53.38
Common Stock	Purchase	192	53.39
Common Stock	Purchase	193	53.39
Common Stock	Purchase	200	53.35
Common Stock	Purchase	200	53.48
Common Stock	Purchase	200	53.73
Common Stock	Purchase	200	53.75
Common Stock	Purchase	200	53.98
Common Stock	Purchase	200	54.00
Common Stock	Purchase	200	54.02
Common Stock	Purchase	200	54.30
Common Stock	Purchase	200	54.32
Common Stock	Purchase	200	54.44
Common Stock	Purchase	200	54.47
Common Stock	Purchase	201	53.46
Common Stock	Purchase	205	53.60
Common Stock	Purchase	212	53.70
Common Stock	Purchase	221	53.69
Common Stock	Purchase	233	53.63
Common Stock	Purchase	240	54.20
Common Stock	Purchase	254	53.70
Common Stock	Purchase	259	53.45
Common Stock	Purchase	271	53.68
Common Stock	Purchase	283	54.04
Common Stock	Purchase	300	53.80
Common Stock	Purchase	300	53.85
Common Stock	Purchase	301	53.91
Common Stock	Purchase	315	54.14
Common Stock	Purchase	358	54.41
Common Stock	Purchase	367	53.61
Common Stock	Purchase	387	53.43
Common Stock	Purchase	400	53.86
Common Stock	Purchase	400	53.90
Common Stock	Purchase	403	53.36
Common Stock	Purchase	408	54.34
Common Stock	Purchase	412	53.59
Common Stock	Purchase	425	53.69
Common Stock	Purchase	428	54.23
Common Stock	Purchase	461	53.44
Common Stock	Purchase	479	53.87
Common Stock	Purchase	491	54.11
Common Stock	Purchase	500	54.16
Common Stock	Purchase	500	54.29
Common Stock	Purchase	500	54.35
Common Stock	Purchase	500	54.48
Common Stock	Purchase	508	53.58
Common Stock	Purchase	516	54.36
Common Stock	Purchase	520	53.66
Common Stock	Purchase	522	53.51
Common Stock	Purchase	527	54.05
Common Stock	Purchase	531	54.20
Common Stock	Purchase	536	53.98
Common Stock	Purchase	570	54.09
Common Stock	Purchase	574	54.21
Common Stock	Purchase	600	53.99
Common Stock	Purchase	600	54.48
Common Stock	Purchase	613	54.39
Common Stock	Purchase	644	54.07
Common Stock	Purchase	645	53.89
Common Stock	Purchase	655	53.42
Common Stock	Purchase	664	54.10
Common Stock	Purchase	700	54.38
Common Stock	Purchase	722	53.57
Common Stock	Purchase	752	54.17
Common Stock	Purchase	779	53.46
Common Stock	Purchase	780	53.92
Common Stock	Purchase	782	53.67
Common Stock	Purchase	791	54.08
Common Stock	Purchase	800	54.31
Common Stock	Purchase	809	53.65
Common Stock	Purchase	809	54.19
Common Stock	Purchase	829	54.40
Common Stock	Purchase	863	54.06
Common Stock	Purchase	877	53.79
Common Stock	Purchase	882	53.52
Common Stock	Purchase	963	53.63
Common Stock	Purchase	969	54.18
Common Stock	Purchase	982	54.25
Common Stock	Purchase	1000	54.33
Common Stock	Purchase	1065	54.24
Common Stock	Purchase	1145	53.68
Common Stock	Purchase	1190	53.56
Common Stock	Purchase	1228	53.55
Common Stock	Purchase	1250	54.22
Common Stock	Purchase	1308	53.64
Common Stock	Purchase	1452	53.54
Common Stock	Purchase	1495	53.96
Common Stock	Purchase	1515	54.37
Common Stock	Purchase	1657	53.97
Common Stock	Purchase	1689	53.95
Common Stock	Purchase	1734	53.53
Common Stock	Purchase	1785	53.93
Common Stock	Purchase	2178	53.94
Common Stock	Purchase	31466	54.49

(b) Cash-settled derivative transactions

Class of relevant security

Product description e.g. call option

Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of securities

Exercise price per unit (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

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
0	0	0	0	0

(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)
0	0	0	0

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:	24-12-2024
Contact name:	Janice Falcao
Telephone number:	00442033140679

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

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.

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:	Qube Research & Technologies Limited
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	Type e.g. American, European etc.	Expiry date
Common Stock	Call Option IP US 06/20/25 C52.5 Equity	Purchase	2,000	USD 52.5	American	06/20/25
Common Stock	Call Option IP US 04/17/25 C47.5 Equity	Purchase	1,000	USD 47.5	American	04/17/25
Common Stock	Call Option IP US 10/17/25 C42.5 Equity	Purchase	700	USD 42.5	American	10/17/25
Common Stock	Call Option IP US 04/17/25 C52.5 Equity	Purchase	600	USD 52.5	American	04/17/25
Common Stock	Call Option IP US 09/19/25 C42.5 Equity	Purchase	600	USD 42.5	American	09/19/25
Common Stock	Call Option IP US 10/17/25 C55 Equity	Purchase	500	USD 55	American	10/17/25
Common Stock	Call Option IP US 01/16/26 C50 Equity	Purchase	500	USD 50	American	01/16/26
Common Stock	Call Option IP US 01/16/26 C60 Equity	Purchase	300	USD 60	American	01/16/26
Common Stock	Call Option IP US 06/20/25 C50 Equity	Purchase	300	USD 50	American	06/20/25
Common Stock	Call Option IP US 01/17/25 C47.5 Equity	Purchase	200	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 04/17/25 C50 Equity	Purchase	200	USD 50	American	04/17/25
Common Stock	Call Option IP US 01/17/25 C60 Equity	Written	300	USD 60	American	01/17/25
Common Stock	Put Option IP US 04/17/25 P45 Equity	Written	300	USD 45	American	04/17/25
Common Stock	Put Option IP US 01/17/25 P47.5 Equity	Written	400	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 01/17/25 C55 Equity	Written	500	USD 55	American	01/17/25
Common Stock	Put Option IP US 04/17/25 P47.5 Equity	Written	2,400	USD 47.5	American	04/17/25
Common Stock	Put Option IP US 01/16/26 P42.5 Equity	Written	4,600	USD 42.5	American	01/16/26

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