Form 8.3 - International Paper Company

LONDON, June 24, 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:	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	21-06-2024
(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	3,990,787	1.14
(2) Cash-settled derivatives:	0	0	0	0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	400,000*	0.115	0	0
TOTAL:	400,000*	0.115	3,990,787	1.14

*This long position relates to a reverse collar transaction. See supplemental form 8 for full details

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	5	45.69
Common Stock	Sale	5	45.78
Common Stock	Sale	10	45.61
Common Stock	Sale	10	45.87
Common Stock	Sale	10	45.95
Common Stock	Sale	10	46.09
Common Stock	Sale	10	46.11
Common Stock	Sale	18	45.72
Common Stock	Sale	23	45.91
Common Stock	Sale	29	46.42
Common Stock	Sale	30	46.32
Common Stock	Sale	34	46.27
Common Stock	Sale	50	45.94
Common Stock	Sale	59	46.10
Common Stock	Sale	59	46.50
Common Stock	Sale	60	46.23
Common Stock	Sale	88	46.35
Common Stock	Sale	91	46.28
Common Stock	Sale	100	45.79
Common Stock	Sale	100	45.99
Common Stock	Sale	100	46.04
Common Stock	Sale	100	46.08
Common Stock	Sale	100	46.31
Common Stock	Sale	100	46.37
Common Stock	Sale	102	46.40
Common Stock	Sale	106	46.30
Common Stock	Sale	110	46.13
Common Stock	Sale	120	46.24
Common Stock	Sale	135	45.76
Common Stock	Sale	135	45.86
Common Stock	Sale	158	45.92
Common Stock	Sale	159	46.17
Common Stock	Sale	169	46.47
Common Stock	Sale	185	45.77
Common Stock	Sale	185	46.14
Common Stock	Sale	200	46.02
Common Stock	Sale	200	46.06
Common Stock	Sale	200	46.39
Common Stock	Sale	201	46.15
Common Stock	Sale	215	46.19
Common Stock	Sale	234	46.20
Common Stock	Sale	250	45.81
Common Stock	Sale	267	46.46
Common Stock	Sale	297	45.93
Common Stock	Sale	322	45.96
Common Stock	Sale	329	45.98
Common Stock	Sale	369	46.05
Common Stock	Sale	383	46.16
Common Stock	Sale	384	46.29
Common Stock	Sale	398	46.22
Common Stock	Sale	433	46.43
Common Stock	Sale	446	46.38
Common Stock	Sale	497	46.44
Common Stock	Sale	500	46.26
Common Stock	Sale	521	46.01
Common Stock	Sale	526	46.41
Common Stock	Sale	598	46.21
Common Stock	Sale	844	46.00
Common Stock	Sale	938	45.97
Common Stock	Sale	964	45.99
Common Stock	Sale	1021	46.04
Common Stock	Sale	1141	46.03
Common Stock	Sale	1157	46.06
Common Stock	Sale	1317	46.02
Common Stock	Sale	1768	46.07
Common Stock	Sale	2037	46.05
Common Stock	Sale	8979	46.25
Common Stock	Sale	22808	46.08
Common Stock	Purchase	1	45.97
Common Stock	Purchase	1	46.31
Common Stock	Purchase	11	45.91
Common Stock	Purchase	15	45.73
Common Stock	Purchase	21	46.22
Common Stock	Purchase	23	46.34
Common Stock	Purchase	41	45.69
Common Stock	Purchase	69	46.36
Common Stock	Purchase	91	45.99
Common Stock	Purchase	100	45.58
Common Stock	Purchase	100	45.68
Common Stock	Purchase	100	45.80
Common Stock	Purchase	100	45.85
Common Stock	Purchase	100	45.90
Common Stock	Purchase	100	45.93
Common Stock	Purchase	100	45.95
Common Stock	Purchase	100	46.02
Common Stock	Purchase	100	46.12
Common Stock	Purchase	100	46.20
Common Stock	Purchase	100	46.35
Common Stock	Purchase	100	46.45
Common Stock	Purchase	105	46.16
Common Stock	Purchase	108	45.62
Common Stock	Purchase	109	45.61
Common Stock	Purchase	115	45.59
Common Stock	Purchase	115	45.71
Common Stock	Purchase	141	46.48
Common Stock	Purchase	145	46.37
Common Stock	Purchase	146	46.44
Common Stock	Purchase	198	45.65
Common Stock	Purchase	200	45.60
Common Stock	Purchase	200	45.83
Common Stock	Purchase	200	45.83
Common Stock	Purchase	200	45.86
Common Stock	Purchase	200	45.88
Common Stock	Purchase	200	45.98
Common Stock	Purchase	200	46.02
Common Stock	Purchase	200	46.04
Common Stock	Purchase	200	46.27
Common Stock	Purchase	201	46.42
Common Stock	Purchase	212	46.41
Common Stock	Purchase	226	46.12
Common Stock	Purchase	288	46.06
Common Stock	Purchase	290	46.23
Common Stock	Purchase	300	45.88
Common Stock	Purchase	300	45.93
Common Stock	Purchase	300	46.12
Common Stock	Purchase	300	46.13
Common Stock	Purchase	300	46.15
Common Stock	Purchase	300	46.26
Common Stock	Purchase	302	45.66
Common Stock	Purchase	318	46.05
Common Stock	Purchase	398	46.24
Common Stock	Purchase	400	46.11
Common Stock	Purchase	400	46.28
Common Stock	Purchase	404	46.33
Common Stock	Purchase	417	45.78
Common Stock	Purchase	421	45.76
Common Stock	Purchase	423	46.11
Common Stock	Purchase	481	45.81
Common Stock	Purchase	510	46.09
Common Stock	Purchase	510	46.31
Common Stock	Purchase	530	46.43
Common Stock	Purchase	561	45.84
Common Stock	Purchase	568	46.39
Common Stock	Purchase	570	46.21
Common Stock	Purchase	600	45.91
Common Stock	Purchase	600	45.91
Common Stock	Purchase	620	45.77
Common Stock	Purchase	637	45.87
Common Stock	Purchase	675	45.79
Common Stock	Purchase	688	46.38
Common Stock	Purchase	700	45.75
Common Stock	Purchase	712	46.40
Common Stock	Purchase	754	45.72
Common Stock	Purchase	768	45.80
Common Stock	Purchase	822	46.05
Common Stock	Purchase	888	46.30
Common Stock	Purchase	900	45.94
Common Stock	Purchase	900	46.15
Common Stock	Purchase	961	45.74
Common Stock	Purchase	983	45.99
Common Stock	Purchase	995	45.82
Common Stock	Purchase	1000	46.18
Common Stock	Purchase	1008	46.19
Common Stock	Purchase	1125	45.92
Common Stock	Purchase	1142	45.95
Common Stock	Purchase	1155	46.04
Common Stock	Purchase	1186	45.90
Common Stock	Purchase	1200	46.08
Common Stock	Purchase	1264	46.14
Common Stock	Purchase	1268	46.10
Common Stock	Purchase	1459	46.17
Common Stock	Purchase	1465	45.96
Common Stock	Purchase	1677	46.01
Common Stock	Purchase	1720	45.89
Common Stock	Purchase	1875	45.88
Common Stock	Purchase	2211	46.16
Common Stock	Purchase	2273	45.98
Common Stock	Purchase	2300	45.97
Common Stock	Purchase	2582	46.00
Common Stock	Purchase	2946	46.02
Common Stock	Purchase	2960	46.09
Common Stock	Purchase	3904	46.03
Common Stock	Purchase	4231	46.05
Common Stock	Purchase	4511	46.06
Common Stock	Purchase	6538	46.07
Common Stock	Purchase	11563	46.25
Common Stock	Purchase	68846	46.08

(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?

NO

Date of disclosure:	24-06-2024
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	Put Option IP US 07/19/24 P40 Equity	Written	60,000	USD 40	American	07/19/24
Common Stock	Call option IP US 09/20/24 C50 Equity	Purchase	120,000	USD 50	American	09/20/24
Common Stock	Put Option IP US07/19/24 P37.5 Equity	Written	60,000	USD 37.5	American	07/19/24
Common Stock	Put Option IP US 07/19/24 P40 Equity	Written	140,000	USD 40	American	07/19/24
Common Stock	Call Option IP US 09/20/24 C50 Equity	Purchase	280,000	USD 50	American	09/20/24
Common Stock	Put Option IP US 07/19/24 P37.5 Equity	Written	140,000	USD 37.5	American	07/19/24

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/20240624467451/en/

Contacts

Qube Research & Technologies LTD