Form 8.3 - International Paper Company

LONDON, July 02, 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		1st July 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:		3,089,737		0.890%		2,480,539		0.714%
(2) Cash-settled derivatives:		33,912		0.010%		943,224		0.272%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		637,200		0.183%		22,000		0.006%
TOTAL:		3,760,849		1.083%		3,445,763		0.992%

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	Purchase	3,142	42.96
US4601461035	Sale	204	42.95
US4601461035	Purchase	1,831	42.93
US4601461035	Purchase	2,048	43.01
US4601461035	Purchase	1,024	43.11
US4601461035	Purchase	414	42.99
US4601461035	Purchase	1,788	42.91
US4601461035	Sale	395	43.35
US4601461035	Sale	1,484	43.29
US4601461035	Purchase	179	42.88
US4601461035	Sale	721	43.33
US4601461035	Sale	1,657	43.34
US4601461035	Sale	1,080	43.26
US4601461035	Sale	2	43.20
US4601461035	Sale	27	43.32
US4601461035	Sale	40	43.38
US4601461035	Purchase	1,704	42.97
US4601461035	Purchase	3,469	42.90
US4601461035	Purchase	538	43.01
US4601461035	Purchase	873	42.75
US4601461035	Purchase	1,589	42.96
US4601461035	Purchase	211	42.84
US4601461035	Purchase	420	42.80
US4601461035	Purchase	1,180	42.92
US4601461035	Purchase	3,748	42.89
US4601461035	Purchase	1,206	42.95
US4601461035	Purchase	1,674	42.93
US4601461035	Purchase	914	42.99
US4601461035	Purchase	8	43.15
US4601461035	Purchase	407	42.91
US4601461035	Purchase	380	43.35
US4601461035	Purchase	200	43.29
US4601461035	Purchase	60	43.31
US4601461035	Purchase	79	43.03
US4601461035	Purchase	2,900	42.88
US4601461035	Purchase	23	43.05
US4601461035	Purchase	1,740	42.98
US4601461035	Purchase	126	42.81
US4601461035	Purchase	342	43.33
US4601461035	Purchase	7,289	43.34
US4601461035	Sale	25,047	43.34
US4601461035	Purchase	1,311	42.94
US4601461035	Purchase	7	43.07
US4601461035	Purchase	110	43.04
US4601461035	Purchase	185	43.10
US4601461035	Purchase	776	43.00
US4601461035	Purchase	1	43.26
US4601461035	Purchase	200	43.20
US4601461035	Purchase	483	43.38
US4601461035	Purchase	172	43.02
US4601461035	Purchase	802	43.12
US4601461035	Purchase	2,000	43.16
US4601461035	Purchase	36	43.06
US4601461035	Purchase	102	43.08
US4601461035	Purchase	5,986	42.85
US4601461035	Purchase	100	43.21
US4601461035	Purchase	226	42.83
US4601461035	Purchase	100	42.77
US4601461035	Purchase	275	42.86
US4601461035	Purchase	871	42.87
US4601461035	Purchase	125	42.73
US4601461035	Purchase	2,745	42.82
US4601461035	Purchase	49	42.78
US4601461035	Purchase	112	42.79
US4601461035	Purchase	2,699	43.17
US4601461035	Purchase	1,635	43.25
US4601461035	Purchase	600	43.40
US4601461035	Purchase	147	43.39
US4601461035	Purchase	200	43.24
US4601461035	Purchase	135	43.30
US4601461035	Purchase	208	43.36
US4601461035	Purchase	100	43.27
US4601461035	Purchase	100	43.46
US4601461035	Purchase	2,400	43.37
US4601461035	Purchase	45	43.22
US4601461035	Purchase	156	43.44
US4601461035	Purchase	47	43.47
US4601461035	Purchase	69	43.34
US4601461035	Sale	69	43.34
US4601461035	Sale	100	42.75
US4601461035	Sale	2,166	42.84
US4601461035	Sale	1,354	43.03
US4601461035	Sale	300	42.81
US4601461035	Sale	1,091	43.33
US4601461035	Purchase	51,762	43.34
US4601461035	Sale	6,580	43.34
US4601461035	Sale	711	43.38
US4601461035	Sale	22,002	43.12
US4601461035	Sale	338	42.83
US4601461035	Sale	600	42.77
US4601461035	Sale	100	42.71
US4601461035	Sale	100	42.74
US4601461035	Sale	25,231	42.87
US4601461035	Sale	400	42.78
US4601461035	Sale	3,300	43.40
US4601461035	Sale	5,861	43.37
US4601461035	Sale	1	42.96
US4601461035	Sale	18	43.11
US4601461035	Sale	1	42.93
US4601461035	Purchase	38	42.91
US4601461035	Purchase	230	42.88
US4601461035	Sale	4	43.05
US4601461035	Sale	2	43.13
US4601461035	Sale	479	43.33
US4601461035	Purchase	219	43.34
US4601461035	Purchase	39	43.00
US4601461035	Sale	561	43.08
US4601461035	Purchase	29	42.85
US4601461035	Purchase	47	42.83
US4601461035	Purchase	4	42.72
US4601461035	Purchase	11	42.87
US4601461035	Purchase	3	42.82
US4601461035	Purchase	60	42.79
US4601461035	Purchase	9	43.23
US4601461035	Purchase	114	43.24
US4601461035	Sale	100	43.27
US4601461035	Purchase	100	42.97
US4601461035	Purchase	7,060	42.90
US4601461035	Purchase	61	42.75
US4601461035	Purchase	85	42.96
US4601461035	Purchase	3,649	42.84
US4601461035	Purchase	4,285	42.92
US4601461035	Purchase	9,592	42.89
US4601461035	Purchase	267	42.95
US4601461035	Purchase	100	42.93
US4601461035	Purchase	25,181	43.15
US4601461035	Purchase	7,293	42.91
US4601461035	Sale	200	42.91
US4601461035	Purchase	900	43.31
US4601461035	Purchase	603	43.03
US4601461035	Purchase	3,819	42.88
US4601461035	Purchase	100	43.05
US4601461035	Purchase	100	42.98
US4601461035	Purchase	260	42.81
US4601461035	Purchase	9,481	43.13
US4601461035	Purchase	18,328	43.34
US4601461035	Purchase	985	42.94
US4601461035	Purchase	228	43.07
US4601461035	Purchase	100	43.10
US4601461035	Purchase	1,012	43.00
US4601461035	Purchase	552	43.26
US4601461035	Purchase	4,260	43.20
US4601461035	Purchase	200	43.32
US4601461035	Purchase	309	43.38
US4601461035	Purchase	1,200	43.06
US4601461035	Purchase	1,000	43.08
US4601461035	Purchase	1,494	42.85
US4601461035	Purchase	100	43.21
US4601461035	Purchase	184	42.83
US4601461035	Purchase	1,440	43.14
US4601461035	Purchase	7	43.09
US4601461035	Purchase	20	42.77
US4601461035	Purchase	6,683	42.86
US4601461035	Purchase	143	42.72
US4601461035	Purchase	2,059	42.87
US4601461035	Purchase	6,160	42.82
US4601461035	Purchase	538	42.79
US4601461035	Purchase	2,743	43.17
US4601461035	Purchase	7,675	43.23
US4601461035	Purchase	504	43.25
US4601461035	Purchase	8,066	43.19
US4601461035	Purchase	3,112	43.24
US4601461035	Purchase	200	43.30
US4601461035	Purchase	301	43.36
US4601461035	Purchase	3,205	43.27
US4601461035	Purchase	231	43.37
US4601461035	Purchase	74	43.22
US4601461035	Purchase	143	43.41
US4601461035	Purchase	323	43.44
US4601461035	Purchase	38	42.97
US4601461035	Sale	125	42.97
US4601461035	Purchase	1,294	42.90
US4601461035	Sale	2,728	42.90
US4601461035	Purchase	125	43.01
US4601461035	Sale	20	43.01
US4601461035	Purchase	2	42.96
US4601461035	Sale	51	42.96
US4601461035	Purchase	230	42.84
US4601461035	Sale	148	42.84
US4601461035	Sale	31	42.80
US4601461035	Purchase	200	43.11
US4601461035	Sale	126	43.11
US4601461035	Purchase	370	42.92
US4601461035	Purchase	409	42.89
US4601461035	Purchase	306	42.95
US4601461035	Sale	369	42.95
US4601461035	Purchase	21	42.93
US4601461035	Sale	504	42.93
US4601461035	Purchase	276	42.99
US4601461035	Sale	70	42.99
US4601461035	Purchase	139	42.91
US4601461035	Sale	764	42.91
US4601461035	Sale	1,833	43.35
US4601461035	Purchase	120	43.31
US4601461035	Purchase	195	43.03
US4601461035	Sale	135	42.88
US4601461035	Purchase	233	43.05
US4601461035	Purchase	283	42.98
US4601461035	Sale	218	42.98
US4601461035	Purchase	12	42.81
US4601461035	Sale	100	42.81
US4601461035	Purchase	250	43.13
US4601461035	Sale	63	43.13
US4601461035	Purchase	51	43.33
US4601461035	Sale	1,228	43.33
US4601461035	Purchase	26,271	43.34
US4601461035	Sale	22,224	43.34
US4601461035	Purchase	327	42.94
US4601461035	Sale	512	42.94
US4601461035	Purchase	77	43.04
US4601461035	Sale	10	43.04
US4601461035	Purchase	200	43.10
US4601461035	Sale	62	... 43.10
US4601461035	Purchase	8	43.00
US4601461035	Purchase	5	43.26
US4601461035	Sale	800	43.26
US4601461035	Purchase	34	43.20
US4601461035	Sale	75	43.20
US4601461035	Purchase	45	43.32
US4601461035	Sale	1	43.32
US4601461035	Purchase	134	43.02
US4601461035	Purchase	16	43.12
US4601461035	Sale	67	43.12
US4601461035	Purchase	481	43.16
US4601461035	Purchase	340	43.06
US4601461035	Purchase	43	42.85
US4601461035	Sale	45	42.85
US4601461035	Sale	321	43.21
US4601461035	Purchase	331	42.83
US4601461035	Sale	116	42.83
US4601461035	Purchase	235	43.14
US4601461035	Purchase	4	42.77
US4601461035	Purchase	138	42.86
US4601461035	Sale	56	42.74
US4601461035	Purchase	25	42.72
US4601461035	Purchase	848	42.87
US4601461035	Sale	13	42.73
US4601461035	Purchase	158	42.82
US4601461035	Sale	52	42.82
US4601461035	Purchase	11	42.78
US4601461035	Sale	64	42.78
US4601461035	Purchase	343	42.79
US4601461035	Purchase	25	43.17
US4601461035	Purchase	36	43.23
US4601461035	Sale	94	43.23
US4601461035	Purchase	55	43.25
US4601461035	Sale	230	43.25
US4601461035	Sale	497	43.40
US4601461035	Purchase	12	43.39
US4601461035	Purchase	17	43.19
US4601461035	Purchase	10	43.24
US4601461035	Sale	1,293	43.24
US4601461035	Purchase	16	43.30
US4601461035	Purchase	66	43.28
US4601461035	Purchase	72	43.27
US4601461035	Sale	3	43.27
US4601461035	Purchase	24	43.46
US4601461035	Sale	207	43.37
US4601461035	Purchase	118	43.22
US4601461035	Purchase	275	43.18
US4601461035	Sale	158	43.18
US4601461035	Purchase	12	43.41
US4601461035	Purchase	34	43.42
US4601461035	Purchase	13	43.47
US4601461035	Purchase	5,659	42.97
US4601461035	Sale	1,464	42.97
US4601461035	Purchase	260	42.90
US4601461035	Sale	3,403	42.90
US4601461035	Purchase	113	43.01
US4601461035	Sale	715	43.01
US4601461035	Purchase	11,801	42.75
US4601461035	Sale	136	42.75
US4601461035	Purchase	6,921	42.96
US4601461035	Sale	782	42.96
US4601461035	Purchase	6,492	42.84
US4601461035	Purchase	829	42.80
US4601461035	Sale	200	42.80
US4601461035	Purchase	5,898	43.11
US4601461035	Purchase	3,743	42.92
US4601461035	Sale	514	42.92
US4601461035	Purchase	886	42.89
US4601461035	Sale	695	42.89
US4601461035	Purchase	1,224	42.95
US4601461035	Sale	348	42.95
US4601461035	Purchase	11	42.76
US4601461035	Sale	38	42.76
US4601461035	Purchase	6,536	42.93
US4601461035	Sale	1,208	42.93
US4601461035	Purchase	402	42.99
US4601461035	Sale	4,677	42.99
US4601461035	Purchase	60	43.15
US4601461035	Sale	23,929	43.15
US4601461035	Purchase	1,849	42.91
US4601461035	Sale	7,608	42.91
US4601461035	Purchase	9,404	43.35
US4601461035	Purchase	7,727	43.29
US4601461035	Purchase	17,457	43.31
US4601461035	Purchase	1,054	43.03
US4601461035	Sale	1,015	43.03
US4601461035	Purchase	1,526	42.88
US4601461035	Sale	606	42.88
US4601461035	Purchase	1,971	42.98
US4601461035	Sale	3,292	42.98
US4601461035	Purchase	114	42.81
US4601461035	Sale	9,040	43.13
US4601461035	Purchase	5,618	43.33
US4601461035	Sale	1	43.33
US4601461035	Purchase	12,866	43.34
US4601461035	Sale	78,777	43.34
US4601461035	Purchase	1,586	42.94
US4601461035	Sale	1,897	42.94
US4601461035	Purchase	5	43.07
US4601461035	Purchase	10	43.04
US4601461035	Sale	90	43.04
US4601461035	Purchase	5,726	43.10
US4601461035	Purchase	405	43.00
US4601461035	Sale	3,845	43.00
US4601461035	Purchase	5,104	43.26
US4601461035	Purchase	12,127	43.32
US4601461035	Purchase	27,213	43.38
US4601461035	Purchase	417	43.02
US4601461035	Sale	1,879	43.02
US4601461035	Purchase	11	43.16
US4601461035	Purchase	6	43.06
US4601461035	Sale	420	43.06
US4601461035	Purchase	561	43.08
US4601461035	Purchase	1,882	42.85
US4601461035	Sale	498	42.85
US4601461035	Purchase	847	43.21
US4601461035	Purchase	780	42.83
US4601461035	Sale	42	42.83
US4601461035	Purchase	461	43.14
US4601461035	Purchase	15	43.09
US4601461035	Purchase	65	42.77
US4601461035	Sale	118	42.77
US4601461035	Purchase	2,606	42.86
US4601461035	Sale	349	42.86
US4601461035	Purchase	8,300	42.71
US4601461035	Sale	49	42.71
US4601461035	Purchase	12,383	42.74
US4601461035	Purchase	1,899	42.72
US4601461035	Purchase	11,573	42.87
US4601461035	Sale	313	42.87
US4601461035	Purchase	925	42.73
US4601461035	Sale	737	42.73
US4601461035	Sale	48	42.82
US4601461035	Purchase	674	42.79
US4601461035	Purchase	100	43.17
US4601461035	Purchase	554	43.23
US4601461035	Sale	9	43.23
US4601461035	Purchase	36,179	43.25
US4601461035	Purchase	3,213	43.40
US4601461035	Purchase	1,700	43.39
US4601461035	Purchase	852	43.19
US4601461035	Purchase	6,280	43.24
US4601461035	Sale	114	43.24
US4601461035	Purchase	10,850	43.36
US4601461035	Purchase	2,941	43.28
US4601461035	Purchase	1,038	43.27
US4601461035	Purchase	183	43.46
US4601461035	Purchase	37,760	43.37
US4601461035	Purchase	1,182	43.18
US4601461035	Purchase	2,644	43.41
US4601461035	Purchase	815	43.42
US4601461035	Purchase	422	43.45
US4601461035	Purchase	100	43.47
US4601461035	Purchase	2,077	42.97
US4601461035	Purchase	320	43.01
US4601461035	Purchase	723	42.96
US4601461035	Purchase	109	42.92
US4601461035	Purchase	389	42.89
US4601461035	Purchase	260	42.95
US4601461035	Purchase	307	42.93
US4601461035	Purchase	315	42.99
US4601461035	Purchase	464	42.88
US4601461035	Purchase	473	42.98
US4601461035	Purchase	1,933	43.34
US4601461035	Purchase	1,195	42.94
US4601461035	Purchase	400	43.07
US4601461035	Purchase	315	43.00
US4601461035	Purchase	400	42.85
US4601461035	Purchase	21	42.86
US4601461035	Purchase	21	42.87
US4601461035	Purchase	300	43.36
US4601461035	Purchase	3,300	43.22
US4601461035	Sale	400	42.90
US4601461035	Sale	6,460	42.89
US4601461035	Sale	100	42.91
US4601461035	Sale	24	43.35
US4601461035	Sale	2,984	42.88
US4601461035	Sale	10	43.33
US4601461035	Sale	7	43.32
US4601461035	Sale	4	43.38
US4601461035	Sale	56	42.87
US4601461035	Sale	4	43.40
US4601461035	Sale	4	43.36
US4601461035	Sale	36	43.37
US4601461035	Purchase	69	43.34
US4601461035	Sale	51,762	43.34
US4601461035	Sale	78,505	42.80
US4601461035	Purchase	78,567	43.34

(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

(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 (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:		2nd July 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	Put Option	Purchased	1,200	35.00	American	19/07/2024
US4601461035	Call Option	Purchased	27,000	37.50	American	19/07/2024
US4601461035	Call Option	Purchased	160,000	42.50	American	20/09/2024
US4601461035	Call Option	Purchased	12,200	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	200,400	45.00	American	18/10/2024
US4601461035	Call Option	Purchased	17,200	45.00	American	20/09/2024
US4601461035	Call Option	Purchased	10,000	50.00	American	20/09/2024
US4601461035	Call Option	Purchased	10,000	47.50	American	20/09/2024
US4601461035	Put Option	Written	200,000	37.50	American	18/10/2024
US4601461035	Put Option	Purchased	20,000	41.00	American	05/07/2024

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/20240702538557/en/

Contacts

Millennium Partners, L.P.