Form 8.3 - International Paper Company - Amendment

Business Wire

Thu, Sep 19, 2024, 6:02 PM8 min read

In this article:

LONDON, September 19, 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")

***Amendment to section 2a below for the disclosure submitted on 19^th September 2024 for trade date 18^th September 2024***

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	18-09-2024
(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	7,697,564	2.21
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	400,000	0.11	0	0
TOTAL:	400,000	0.11	7,697,564	2.21

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	10	50.02
Common Stock	Sale	14	49.77
Common Stock	Sale	20	49.86
Common Stock	Sale	22	50.19
Common Stock	Sale	26	49.95
Common Stock	Sale	28	49.91
Common Stock	Sale	30	49.61
Common Stock	Sale	30	50.18
Common Stock	Sale	37	49.70
Common Stock	Sale	50	50.00
Common Stock	Sale	51	49.71
Common Stock	Sale	55	50.02
Common Stock	Sale	66	50.32
Common Stock	Sale	69	49.68
Common Stock	Sale	75	49.99
Common Stock	Sale	90	49.78
Common Stock	Sale	92	49.82
Common Stock	Sale	93	49.53
Common Stock	Sale	106	49.83
Common Stock	Sale	118	49.75
Common Stock	Sale	128	49.72
Common Stock	Sale	128	49.92
Common Stock	Sale	136	50.23
Common Stock	Sale	186	50.14
Common Stock	Sale	189	50.33
Common Stock	Sale	190	50.26
Common Stock	Sale	193	50.04
Common Stock	Sale	200	50.36
Common Stock	Sale	210	50.31
Common Stock	Sale	214	50.16
Common Stock	Sale	219	50.12
Common Stock	Sale	277	50.25
Common Stock	Sale	319	50.10
Common Stock	Sale	500	49.90
Common Stock	Sale	900	49.73
Common Stock	Sale	6210	49.54
Common Stock	Purchase	6	49.62
Common Stock	Purchase	8	50.06
Common Stock	Purchase	8	50.31
Common Stock	Purchase	10	49.90
Common Stock	Purchase	10	50.05
Common Stock	Purchase	10	50.29
Common Stock	Purchase	11	49.93
Common Stock	Purchase	25	49.59
Common Stock	Purchase	35	49.52
Common Stock	Purchase	37	49.60
Common Stock	Purchase	38	49.87
Common Stock	Purchase	42	49.86
Common Stock	Purchase	55	49.56
Common Stock	Purchase	58	50.23
Common Stock	Purchase	87	49.65
Common Stock	Purchase	89	50.20
Common Stock	Purchase	96	49.53
Common Stock	Purchase	100	49.76
Common Stock	Purchase	100	49.97
Common Stock	Purchase	100	50.01
Common Stock	Purchase	100	50.15
Common Stock	Purchase	100	50.33
Common Stock	Purchase	120	50.19
Common Stock	Purchase	135	49.68
Common Stock	Purchase	135	49.83
Common Stock	Purchase	140	50.34
Common Stock	Purchase	145	50.40
Common Stock	Purchase	150	50.33
Common Stock	Purchase	156	50.18
Common Stock	Purchase	158	50.26
Common Stock	Purchase	162	50.08
Common Stock	Purchase	180	49.73
Common Stock	Purchase	182	50.36
Common Stock	Purchase	192	49.84
Common Stock	Purchase	200	49.55
Common Stock	Purchase	200	49.65
Common Stock	Purchase	200	49.69
Common Stock	Purchase	204	50.38
Common Stock	Purchase	208	49.66
Common Stock	Purchase	218	50.22
Common Stock	Purchase	230	49.54
Common Stock	Purchase	238	49.58
Common Stock	Purchase	238	49.74
Common Stock	Purchase	256	50.30
Common Stock	Purchase	267	50.13
Common Stock	Purchase	267	50.32
Common Stock	Purchase	267	50.37
Common Stock	Purchase	298	50.02
Common Stock	Purchase	300	49.81
Common Stock	Purchase	309	49.63
Common Stock	Purchase	311	49.63
Common Stock	Purchase	317	50.11
Common Stock	Purchase	322	50.09
Common Stock	Purchase	343	49.66
Common Stock	Purchase	424	50.35
Common Stock	Purchase	430	49.91
Common Stock	Purchase	452	50.17
Common Stock	Purchase	473	49.59
Common Stock	Purchase	497	49.72
Common Stock	Purchase	504	50.31
Common Stock	Purchase	512	50.16
Common Stock	Purchase	532	50.39
Common Stock	Purchase	541	50.25
Common Stock	Purchase	549	49.58
Common Stock	Purchase	582	49.84
Common Stock	Purchase	584	49.71
Common Stock	Purchase	614	50.12
Common Stock	Purchase	618	50.04
Common Stock	Purchase	637	50.28
Common Stock	Purchase	649	50.24
Common Stock	Purchase	796	49.66
Common Stock	Purchase	808	50.27
Common Stock	Purchase	884	50.03
Common Stock	Purchase	906	49.52
Common Stock	Purchase	960	49.55
Common Stock	Purchase	962	49.62
Common Stock	Purchase	968	49.97
Common Stock	Purchase	987	49.87
Common Stock	Purchase	1013	50.07
Common Stock	Purchase	1018	50.06
Common Stock	Purchase	1036	50.14
Common Stock	Purchase	1056	49.55
Common Stock	Purchase	1070	49.69
Common Stock	Purchase	1133	49.96
Common Stock	Purchase	1234	49.98
Common Stock	Purchase	1237	49.94
Common Stock	Purchase	1242	49.93
Common Stock	Purchase	1246	49.80
Common Stock	Purchase	1248	50.02
Common Stock	Purchase	1300	50.05
Common Stock	Purchase	1446	49.77
Common Stock	Purchase	1460	49.68
Common Stock	Purchase	1515	49.90
Common Stock	Purchase	1590	49.85
Common Stock	Purchase	1594	49.79
Common Stock	Purchase	1625	49.75
Common Stock	Purchase	1636	49.64
Common Stock	Purchase	1705	49.88
Common Stock	Purchase	1711	50.10
Common Stock	Purchase	1766	50.01
Common Stock	Purchase	1822	49.86
Common Stock	Purchase	1857	49.95
Common Stock	Purchase	1972	49.91
Common Stock	Purchase	2037	49.78
Common Stock	Purchase	2038	49.99
Common Stock	Purchase	2063	49.67
Common Stock	Purchase	2096	49.70
Common Stock	Purchase	2145	49.65
Common Stock	Purchase	2330	49.89
Common Stock	Purchase	2395	49.81
Common Stock	Purchase	2420	49.83
Common Stock	Purchase	2475	50.00
Common Stock	Purchase	2494	49.56
Common Stock	Purchase	2648	49.57
Common Stock	Purchase	2673	49.76
Common Stock	Purchase	2787	49.84
Common Stock	Purchase	3600	49.92
Common Stock	Purchase	3632	49.82
Common Stock	Purchase	12490	49.54
Common Stock	Purchase	4326	49.54

(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

(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:	19-09-2024
Contact name:	Stuart Brown
Telephone number:	00442070722969

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 +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:*	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 09/20/24 C50 Equity

Purchase

120,000

USD 50

American

09/20/24

Common Stock

Call Option

IP US 09/20/24 C50 Equity

Purchase

280,000

USD 50

American

09/20/24

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/20240919544174/en/

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Qube Research & Technologies LTD

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Form 8.3 - International Paper Company - Amendment