Form 8.3 - International Paper Company

Business Wire

Mon, Oct 21, 2024, 4:51 PM7 min read

In this article:

LONDON, October 21, 2024--(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		18^th October 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:	1,798,405	0.518%	3,151,828	0.907%
(2) Cash-settled derivatives:	14,872	0.004%	2,698,240	0.777%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,700	0.004%	98,900	0.028%
TOTAL:	1,825,977	0.526%	5,948,968	1.713%

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	91	46.26
US4601461035	Purchase	646	46.57
US4601461035	Sale	228	46.57
US4601461035	Purchase	2,500	46.65
US4601461035	Sale	20	46.54
US4601461035	Purchase	228	46.71
US4601461035	Purchase	354	46.36
US4601461035	Sale	2	46.79
US4601461035	Purchase	14	46.41
US4601461035	Purchase	679	46.48
US4601461035	Purchase	266	45.99
US4601461035	Purchase	852	46.44
US4601461035	Purchase	194	46.14
US4601461035	Sale	212	46.74
US4601461035	Purchase	97	46.23
US4601461035	Sale	3	46.23
US4601461035	Purchase	397	46.75
US4601461035	Sale	932	46.49
US4601461035	Sale	4,477	46.78
US4601461035	Purchase	1,102	46.02
US4601461035	Sale	293	46.76
US4601461035	Purchase	155	45.83
US4601461035	Sale	300	46.14
US4601461035	Sale	974	46.45
US4601461035	Purchase	735	46.78
US4601461035	Sale	3,760	46.78
US4601461035	Sale	56	46.08
US4601461035	Sale	15,851	46.47
US4601461035	Sale	200	46.01
US4601461035	Sale	24	46.10
US4601461035	Sale	200	46.11
US4601461035	Sale	170	46.04
US4601461035	Sale	100	46.06
US4601461035	Sale	3	46.36
US4601461035	Sale	2,060	46.50
US4601461035	Purchase	28,257	46.78
US4601461035	Sale	99	46.34
US4601461035	Sale	1	46.32
US4601461035	Sale	4	46.33
US4601461035	Purchase	2,511	46.57
US4601461035	Purchase	100	46.36
US4601461035	Purchase	239	46.41
US4601461035	Purchase	888	46.48
US4601461035	Purchase	1,277	45.99
US4601461035	Purchase	484	46.44
US4601461035	Purchase	45	46.14
US4601461035	Purchase	196	45.88
US4601461035	Purchase	1,227	46.28
US4601461035	Purchase	1,298	46.12
US4601461035	Purchase	208	45.96
US4601461035	Purchase	578	46.25
US4601461035	Purchase	3,417	46.13
US4601461035	Purchase	310	46.16
US4601461035	Purchase	309	45.97
US4601461035	Purchase	94	46.42
US4601461035	Purchase	100	46.21
US4601461035	Purchase	2,306	46.05
US4601461035	Purchase	11	46.40
US4601461035	Purchase	100	46.23
US4601461035	Purchase	121	46.46
US4601461035	Purchase	847	46.45
US4601461035	Purchase	3,303	46.00
US4601461035	Purchase	196	46.31
US4601461035	Purchase	3,570	46.50
US4601461035	Purchase	1,215	46.49
US4601461035	Purchase	6,200	46.78
US4601461035	Purchase	1,939	46.07
US4601461035	Purchase	2,511	46.08
US4601461035	Purchase	4,294	46.39
US4601461035	Purchase	16,046	46.47
US4601461035	Purchase	98	46.34
US4601461035	Purchase	3,480	46.09
US4601461035	Purchase	201	46.35
US4601461035	Purchase	50	45.98
US4601461035	Purchase	919	46.10
US4601461035	Purchase	179	45.76
US4601461035	Purchase	10,508	46.51
US4601461035	Purchase	3,181	46.11
US4601461035	Purchase	758	46.76
US4601461035	Purchase	136	46.20
US4601461035	Purchase	220	46.19
US4601461035	Purchase	348	45.90
US4601461035	Purchase	2,533	46.59
US4601461035	Purchase	231	46.03
US4601461035	Purchase	576	46.60
US4601461035	Purchase	2	45.81
US4601461035	Purchase	113	46.33
US4601461035	Purchase	258	46.43
US4601461035	Purchase	1,916	46.56
US4601461035	Purchase	102	46.68
US4601461035	Purchase	4,360	46.62
US4601461035	Purchase	3,194	46.53
US4601461035	Purchase	120	46.37
US4601461035	Purchase	205	46.67
US4601461035	Purchase	541	46.52
US4601461035	Sale	313	46.44
US4601461035	Purchase	78	46.46
US4601461035	Sale	78	46.46
US4601461035	Purchase	78	46.00
US4601461035	Sale	735	46.78
US4601461035	Purchase	200	46.20
US4601461035	Sale	53	46.17
US4601461035	Purchase	80	46.26
US4601461035	Purchase	1,433	46.65
US4601461035	Purchase	820	46.36
US4601461035	Purchase	5	46.41
US4601461035	Sale	26,897	46.48
US4601461035	Purchase	313	46.44
US4601461035	Purchase	10	46.28
US4601461035	Purchase	277	46.12
US4601461035	Purchase	267	46.25
US4601461035	Purchase	1,063	46.13
US4601461035	Purchase	4,682	46.16
US4601461035	Purchase	40	46.21
US4601461035	Purchase	7,961	46.29
US4601461035	Purchase	25	46.40
US4601461035	Purchase	70	46.23
US4601461035	Purchase	188	46.31
US4601461035	Purchase	2,768	46.78
US4601461035	Sale	41,039	46.78
US4601461035	Purchase	14,556	46.07
US4601461035	Purchase	100	46.39
US4601461035	Purchase	76	46.09
US4601461035	Purchase	413	46.10
US4601461035	Purchase	435	46.51
US4601461035	Purchase	694	46.32
US4601461035	Purchase	80	46.19
US4601461035	Purchase	5	46.18
US4601461035	Purchase	280	46.24
US4601461035	Purchase	22,197	46.43
US4601461035	Purchase	5,764	46.70
US4601461035	Sale	2,944	46.67
US4601461035	Purchase	7,324	46.38
US4601461035	Purchase	2	46.26
US4601461035	Purchase	11,259	46.57
US4601461035	Sale	11,707	46.57
US4601461035	Sale	205	46.65
US4601461035	Purchase	2	46.54
US4601461035	Sale	145	46.54
US4601461035	Sale	200	46.36
US4601461035	Sale	35	46.79
US4601461035	Purchase	1,527	46.41
US4601461035	Sale	6,738	45.99
US4601461035	Purchase	1	46.14
US4601461035	Sale	353	46.74
US4601461035	Sale	133	45.88
US4601461035	Sale	400	46.28
US4601461035	Purchase	92	46.12
US4601461035	Sale	877	46.12
US4601461035	Purchase	6	45.96
US4601461035	Sale	237	46.25
US4601461035	Purchase	102	46.13
US4601461035	Sale	94	46.13
US4601461035	Sale	6	46.16
US4601461035	Purchase	716	46.42
US4601461035	Purchase	101	46.21
US4601461035	Sale	301	46.29
US4601461035	Sale	100	46.40
US4601461035	Purchase	2	46.23
US4601461035	Purchase	21	46.46
US4601461035	Sale	1,258	46.46
US4601461035	Sale	14	46.31
US4601461035	Purchase	2	46.15
US4601461035	Purchase	110	46.50
US4601461035	Sale	100	46.50
US4601461035	Sale	233	46.75
US4601461035	Sale	346	46.49
US4601461035	Purchase	32,308	46.78
US4601461035	Sale	11,459	46.78
US4601461035	Purchase	38	46.07
US4601461035	Purchase	10	46.39
US4601461035	Purchase	73	46.34
US4601461035	Sale	23	46.34
US4601461035	Sale	12	45.87
US4601461035	Purchase	131	45.89
US4601461035	Sale	406	46.35
US4601461035	Purchase	20	45.98
US4601461035	Sale	148	45.98
US4601461035	Purchase	13	46.10
US4601461035	Sale	27	46.11
US4601461035	Purchase	19	46.76
US4601461035	Sale	50	46.32
US4601461035	Purchase	86	46.20
US4601461035	Sale	144	46.20
US4601461035	Purchase	161	46.17
US4601461035	Sale	1,782	46.17
US4601461035	Purchase	1	46.19
US4601461035	Purchase	41	46.06
US4601461035	Purchase	305	46.18
US4601461035	Sale	135	46.59
US4601461035	Purchase	3	45.93
US4601461035	Sale	100	45.93
US4601461035	Sale	272	46.24
US4601461035	Purchase	240	46.03
US4601461035	Sale	175	46.60
US4601461035	Sale	200	45.94
US4601461035	Sale	101	46.27
US4601461035	Sale	600	46.56
US4601461035	Sale	100	46.68
US4601461035	Sale	115	46.62
US4601461035	Sale	37	46.53
US4601461035	Sale	4,685	46.37
US4601461035	Purchase	239	46.67
US4601461035	Sale	1,045	46.67
US4601461035	Sale	50	46.38
US4601461035	Sale	1,932	45.92
US4601461035	Purchase	164	46.63
US4601461035	Sale	164	46.63
US4601461035	Sale	159	46.58
US4601461035	Sale	144	46.64
US4601461035	Purchase	9	46.77
US4601461035	Sale	23	46.66
US4601461035	Purchase	1	46.80
US4601461035	Sale	161	46.61
US4601461035	Sale	162	46.55
US4601461035	Purchase	88	46.73
US4601461035	Purchase	2,226	46.26
US4601461035	Sale	5,991	46.65
US4601461035	Sale	100	46.54
US4601461035	Sale	504	46.71
US4601461035	Purchase	4,534	46.36
US4601461035	Purchase	369	46.41
US4601461035	Sale	249	46.41
US4601461035	Purchase	600	45.99
US4601461035	Purchase	179	46.44
US4601461035	Sale	763	46.44
US4601461035	Purchase	1	46.14
US4601461035	Sale	216	45.91
US4601461035	Sale	349	45.88
US4601461035	Purchase	2,097	46.28
US4601461035	Sale	72	46.28
US4601461035	Purchase	9,900	46.12
US4601461035	Purchase	105	45.96
US4601461035	Sale	331	45.96
US4601461035	Purchase	2,232	46.25
US4601461035	Purchase	18,763	46.13
US4601461035	Purchase	13,495	46.16
US4601461035	Sale	8,756	46.16
US4601461035	Sale	66	45.97
US4601461035	Purchase	56	46.42
US4601461035	Sale	2,581	46.42
US4601461035	Purchase	300	46.21
US4601461035	Sale	76	46.21
US4601461035	Purchase	165	46.05
US4601461035	Sale	8,167	46.29
US4601461035	Sale	104	46.40
US4601461035	Purchase	300	46.23
US4601461035	Sale	97	46.23
US4601461035	Sale	1,200	46.46
US4601461035	Sale	300	46.45
US4601461035	Purchase	860	46.31
US4601461035	Sale	91	46.31
US4601461035	Purchase	1,528	46.15
US4601461035	Purchase	11,388	46.50
US4601461035	Sale	13,211	46.50
US4601461035	Sale	226	46.75
US4601461035	Sale	95,273	46.78
US4601461035	Purchase	896	46.07
US4601461035	Purchase	800	46.08
US4601461035	Purchase	7,961	46.39
US4601461035	Sale	10,710	46.39
US4601461035	Purchase	23	46.34
US4601461035	Sale	419	45.87
US4601461035	Purchase	700	46.09
US4601461035	Sale	57	46.09
US4601461035	Sale	745	45.89
US4601461035	Purchase	328	46.35
US4601461035	Sale	526	46.35
US4601461035	Purchase	13,165	46.10
US4601461035	Sale	200	46.51
US4601461035	Purchase	23,175	46.11
US4601461035	Purchase	4,056	46.32
US4601461035	Sale	298	46.32
US4601461035	Purchase	1,236	46.30
US4601461035	Sale	20	46.30
US4601461035	Purchase	14	46.20
US4601461035	Sale	116	46.20
US4601461035	Purchase	598	46.17
US4601461035	Sale	189	46.04
US4601461035	Purchase	100	46.19
US4601461035	Sale	106	46.19
US4601461035	Sale	341	45.90
US4601461035	Purchase	1,596	46.18
US4601461035	Sale	200	46.59
US4601461035	Purchase	9,003	46.22
US4601461035	Purchase	100	45.93
US4601461035	Purchase	1,142	46.24
US4601461035	Sale	1	45.81
US4601461035	Sale	564	46.33
US4601461035	Sale	147	46.43
US4601461035	Sale	148	46.27
US4601461035	Sale	700	46.56
US4601461035	Purchase	285	46.68
US4601461035	Sale	8,440	46.68
US4601461035	Sale	135	46.62
US4601461035	Sale	1,800	46.53
US4601461035	Purchase	760	46.37
US4601461035	Sale	1,108	46.37
US4601461035	Purchase	74	46.67
US4601461035	Sale	799	46.38
US4601461035	Sale	204	45.92
US4601461035	Purchase	860	46.63
US4601461035	Sale	3,318	46.63
US4601461035	Sale	200	46.58
US4601461035	Sale	3,260	46.64
US4601461035	Purchase	319	46.77
US4601461035	Sale	39	46.77
US4601461035	Purchase	136	46.66
US4601461035	Purchase	200	46.55
US4601461035	Sale	1,300	46.55
US4601461035	Sale	489	45.95
US4601461035	Sale	418	45.82
US4601461035	Sale	16,100	47.50
US4601461035	Purchase	118	46.26
US4601461035	Purchase	5	46.41
US4601461035	Purchase	128	45.99
US4601461035	Purchase	5	46.44
US4601461035	Purchase	65	46.14
US4601461035	Purchase	146	45.91
US4601461035	Purchase	28	46.28
US4601461035	Purchase	520	46.12
US4601461035	Purchase	36	46.25
US4601461035	Purchase	395	46.13
US4601461035	Purchase	50	46.16
US4601461035	Purchase	32	45.97
US4601461035	Purchase	5	46.42
US4601461035	Purchase	47	46.21
US4601461035	Purchase	100	46.05
US4601461035	Purchase	5	46.40
US4601461035	Purchase	974	46.45
US4601461035	Purchase	5	46.31
US4601461035	Purchase	1,118	46.15
US4601461035	Purchase	3,193	46.50
US4601461035	Purchase	1,642	46.78
US4601461035	Purchase	209	46.07
US4601461035	Purchase	59	46.08
US4601461035	Purchase	10	46.39
US4601461035	Purchase	50	46.34
US4601461035	Purchase	378	46.01
US4601461035	Purchase	314	46.09
US4601461035	Purchase	10	46.35
US4601461035	Purchase	239	45.98
US4601461035	Purchase	195	46.10
US4601461035	Purchase	352	46.11
US4601461035	Purchase	27	46.30
US4601461035	Purchase	8	46.20
US4601461035	Purchase	6	46.17
US4601461035	Purchase	254	46.19
US4601461035	Purchase	139	46.06
US4601461035	Purchase	44	45.90
US4601461035	Purchase	336	46.18
US4601461035	Purchase	213	45.93
US4601461035	Purchase	200	46.24
US4601461035	Purchase	20	45.94
US4601461035	Purchase	9	46.43
US4601461035	Purchase	5	46.27
US4601461035	Purchase	25	46.37
US4601461035	Purchase	10	46.38
US4601461035	Purchase	64	45.92
US4601461035	Purchase	135	45.95
US4601461035	Purchase	20,339	46.78
US4601461035	Sale	67	45.91
US4601461035	Sale	25	46.13
US4601461035	Sale	220	45.86
US4601461035	Purchase	3,760	46.78
US4601461035	Sale	378	46.01
US4601461035	Sale	42	45.89
US4601461035	Sale	2	46.06
US4601461035	Sale	32	45.90
US4601461035	Sale	74	45.93
US4601461035	Sale	158	45.81
US4601461035	Sale	135	45.95
US4601461035	Sale	55	45.77
US4601461035	Purchase	400	45.00
US4601461035	Sale	11	45.78
US4601461035	Purchase	21	46.78
US4601461035	Sale	10,508	46.51
US4601461035	Purchase	12,782	46.78
US4601461035	Sale	629	46.13
US4601461035	Sale	67,425	46.16
US4601461035	Purchase	39,918	46.78

(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	1,321	46.38 USD
US4601461035	Equity Swap	Reducing a long Position	3,943	46.38 USD
US4601461035	Equity Swap	Increasing a short Position	12,850	35.17 GBP
US4601461035	Equity Swap	Increasing a short Position	38,550	35.28 GBP

(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

45.00

American

17/01/2025

1.98

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(USD)

US4601461035

Call Option

exercising

400

45.00

US4601461035

Put Option

exercising

16,100

47.50

(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:		21^st October 2024
Contact name:		Stephen Glasper
Telephone number:		+44 203 398 2166

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 monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

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	61,400	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	3,100	47.00	American	25/10/2024
US4601461035	Put Option	Purchased	32,600	47.50	American	17/01/2025
US4601461035	Put Option	Purchased	1,000	50.00	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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241021765800/en/

Contacts

Millennium Partners, L.P.

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Form 8.3 - International Paper Company