Form 8.3 - International Paper Company

LONDON, May 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		20th May 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:		1,984,529		0.571%		760,066		0.219%
(2) Cash-settled derivatives:		1,328		0.000%		814,272		0.234%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		1,264,400		0.364%		462,800		0.133%
TOTAL:		3,250,257		0.936%		2,037,138		0.587%

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	40	41.10
US4601461035	Sale	1,368	41.10
US4601461035	Sale	200	41.40
US4601461035	Purchase	190	41.13
US4601461035	Purchase	721	41.17
US4601461035	Sale	200	41.17
US4601461035	Purchase	32	41.04
US4601461035	Sale	240	41.12
US4601461035	Sale	498	41.39
US4601461035	Purchase	17	41.03
US4601461035	Sale	32	40.95
US4601461035	Sale	16	41.13
US4601461035	Purchase	120	40.82
US4601461035	Sale	220	41.00
US4601461035	Purchase	66	40.99
US4601461035	Sale	1,702	41.01
US4601461035	Purchase	3,900	40.70
US4601461035	Purchase	1,439	40.88
US4601461035	Purchase	100	40.83
US4601461035	Sale	110	41.03
US4601461035	Sale	64	40.95
US4601461035	Purchase	5,500	40.75
US4601461035	Sale	10	41.06
US4601461035	Purchase	3,400	40.85
US4601461035	Sale	4	40.85
US4601461035	Purchase	100	41.08
US4601461035	Sale	128	40.91
US4601461035	Purchase	5,600	40.74
US4601461035	Sale	18	41.09
US4601461035	Purchase	100	40.86
US4601461035	Purchase	400	41.23
US4601461035	Sale	4	41.27
US4601461035	Sale	4	41.25
US4601461035	Purchase	303	41.24
US4601461035	Purchase	35	41.15
US4601461035	Purchase	11,900	40.80
US4601461035	Purchase	220	41.21
US4601461035	Purchase	300	41.18
US4601461035	Sale	426	41.18
US4601461035	Purchase	5	41.10
US4601461035	Sale	5	41.13
US4601461035	Purchase	27	41.04
US4601461035	Purchase	1	41.12
US4601461035	Sale	28	41.12
US4601461035	Sale	115	40.94
US4601461035	Purchase	1	41.22
US4601461035	Purchase	208	41.07
US4601461035	Sale	30	40.96
US4601461035	Sale	1	41.02
US4601461035	Sale	1	40.70
US4601461035	Purchase	15	41.03
US4601461035	Sale	625	40.84
US4601461035	Sale	32	41.06
US4601461035	Purchase	10	41.08
US4601461035	Sale	1,757	41.08
US4601461035	Sale	1,218	40.98
US4601461035	Sale	3	41.11
US4601461035	Purchase	21	41.09
US4601461035	Sale	1	41.09
US4601461035	Purchase	111	41.26
US4601461035	Purchase	126	41.20
US4601461035	Purchase	5	41.15
US4601461035	Sale	8	41.15
US4601461035	Purchase	2	41.29
US4601461035	Purchase	253	41.21
US4601461035	Sale	2,754	41.18
US4601461035	Sale	261	41.40
US4601461035	Sale	706	41.13
US4601461035	Sale	255	41.17
US4601461035	Sale	101	41.04
US4601461035	Sale	515	41.12
US4601461035	Sale	835	40.94
US4601461035	Purchase	2,163	40.73
US4601461035	Sale	724	41.22
US4601461035	Purchase	331	40.76
US4601461035	Sale	286	41.07
US4601461035	Sale	108	40.97
US4601461035	Sale	1,527	41.00
US4601461035	Purchase	77	40.96
US4601461035	Sale	491	40.96
US4601461035	Sale	50	41.02
US4601461035	Sale	1,105	40.99
US4601461035	Sale	541	41.01
US4601461035	Purchase	313	40.88
US4601461035	Purchase	200	40.83
US4601461035	Purchase	84	41.03
US4601461035	Sale	84	40.95
US4601461035	Purchase	504	40.84
US4601461035	Purchase	100	40.85
US4601461035	Purchase	6	41.08
US4601461035	Sale	1	41.08
US4601461035	Sale	3,109	41.11
US4601461035	Sale	2	41.09
US4601461035	Sale	211	41.14
US4601461035	Sale	259	41.23
US4601461035	Sale	302	41.27
US4601461035	Sale	384	41.25
US4601461035	Sale	8	41.26
US4601461035	Sale	174	41.28
US4601461035	Sale	340	41.24
US4601461035	Sale	904	41.20
US4601461035	Sale	1,163	41.16
US4601461035	Sale	12	41.19
US4601461035	Sale	905	41.15
US4601461035	Sale	4	41.29
US4601461035	Sale	7,940	41.18
US4601461035	Purchase	48	41.10
US4601461035	Sale	8	41.10
US4601461035	Purchase	119	41.13
US4601461035	Purchase	1,163	41.17
US4601461035	Sale	236	41.17
US4601461035	Purchase	1,220	41.04
US4601461035	Purchase	156	41.12
US4601461035	Sale	6	41.12
US4601461035	Purchase	308	40.94
US4601461035	Purchase	115	40.82
US4601461035	Purchase	746	40.73
US4601461035	Sale	50	40.73
US4601461035	Purchase	28	40.71
US4601461035	Purchase	1,098	41.22
US4601461035	Purchase	338	41.07
US4601461035	Sale	3	41.07
US4601461035	Purchase	608	40.97
US4601461035	Purchase	57	41.00
US4601461035	Sale	14	41.00
US4601461035	Purchase	505	40.96
US4601461035	Sale	5	40.96
US4601461035	Purchase	1,264	41.02
US4601461035	Sale	7	41.02
US4601461035	Purchase	494	40.99
US4601461035	Sale	210	40.99
US4601461035	Purchase	949	41.01
US4601461035	Sale	217	41.01
US4601461035	Sale	150	40.88
US4601461035	Purchase	50	41.03
US4601461035	Sale	1,216	41.03
US4601461035	Purchase	45	40.95
US4601461035	Sale	102	40.95
US4601461035	Purchase	84	41.05
US4601461035	Sale	8	41.05
US4601461035	Purchase	392	41.06
US4601461035	Sale	67	41.06
US4601461035	Purchase	240	41.08
US4601461035	Sale	21	41.08
US4601461035	Sale	399	40.93
US4601461035	Purchase	423	40.98
US4601461035	Purchase	131	41.11
US4601461035	Purchase	143	41.09
US4601461035	Purchase	1,097	41.14
US4601461035	Sale	279	41.14
US4601461035	Purchase	749	41.23
US4601461035	Purchase	492	41.27
US4601461035	Sale	152	41.27
US4601461035	Purchase	367	41.25
US4601461035	Purchase	118	41.26
US4601461035	Sale	100	41.26
US4601461035	Purchase	123	41.28
US4601461035	Sale	1,266	41.28
US4601461035	Purchase	356	41.24
US4601461035	Sale	10	41.24
US4601461035	Purchase	2,768	41.20
US4601461035	Sale	100	41.20
US4601461035	Purchase	1,133	41.16
US4601461035	Sale	437	41.16
US4601461035	Purchase	1,528	41.19
US4601461035	Sale	5,776	41.19
US4601461035	Purchase	1,292	41.15
US4601461035	Sale	174	41.15
US4601461035	Purchase	153	41.29
US4601461035	Purchase	3,339	41.21
US4601461035	Sale	9	41.21
US4601461035	Purchase	10,511	41.18
US4601461035	Sale	27,463	41.18
US4601461035	Purchase	4,672	41.10
US4601461035	Sale	650	41.10
US4601461035	Purchase	6,835	41.13
US4601461035	Sale	698	41.13
US4601461035	Purchase	26,189	41.17
US4601461035	Purchase	8,341	41.04
US4601461035	Sale	7,361	41.04
US4601461035	Purchase	6,981	41.12
US4601461035	Sale	1,413	41.12
US4601461035	Purchase	8,403	40.94
US4601461035	Sale	2	40.94
US4601461035	Purchase	100	40.82
US4601461035	Purchase	797	40.73
US4601461035	Purchase	100	40.71
US4601461035	Purchase	300	40.79
US4601461035	Purchase	6,218	41.22
US4601461035	Sale	412	41.22
US4601461035	Purchase	139	40.78
US4601461035	Purchase	4,084	41.07
US4601461035	Sale	9,768	41.07
US4601461035	Purchase	2,964	40.97
US4601461035	Purchase	9,423	41.00
US4601461035	Sale	2,308	41.00
US4601461035	Purchase	2,798	40.96
US4601461035	Purchase	12,337	41.02
US4601461035	Sale	675	41.02
US4601461035	Purchase	1,531	40.99
US4601461035	Sale	3,287	40.99
US4601461035	Purchase	22,227	41.01
US4601461035	Sale	4,441	41.01
US4601461035	Purchase	1,995	40.88
US4601461035	Purchase	494	40.69
US4601461035	Purchase	527	40.67
US4601461035	Purchase	100	40.83
US4601461035	Purchase	9,806	41.03
US4601461035	Sale	3,042	41.03
US4601461035	Purchase	7,864	40.95
US4601461035	Purchase	282	40.75
US4601461035	Purchase	8,244	41.05
US4601461035	Sale	1,465	41.05
US4601461035	Purchase	10,643	41.06
US4601461035	Sale	2,427	41.06
US4601461035	Purchase	10,699	41.08
US4601461035	Sale	3,041	41.08
US4601461035	Purchase	125	40.63
US4601461035	Purchase	1,166	40.92
US4601461035	Purchase	1,415	40.87
US4601461035	Purchase	877	40.93
US4601461035	Purchase	1,319	40.98
US4601461035	Sale	221	40.98
US4601461035	Purchase	717	40.91
US4601461035	Purchase	100	40.68
US4601461035	Purchase	19,068	41.11
US4601461035	Sale	4,067	41.11
US4601461035	Purchase	2,854	41.09
US4601461035	Sale	947	41.09
US4601461035	Purchase	7,137	41.14
US4601461035	Sale	1,253	41.14
US4601461035	Purchase	7,000	41.23
US4601461035	Sale	684	41.23
US4601461035	Purchase	756	41.27
US4601461035	Sale	681	41.27
US4601461035	Purchase	1,138	41.25
US4601461035	Sale	15,605	41.25
US4601461035	Sale	190	41.31
US4601461035	Purchase	1,235	41.26
US4601461035	Sale	414	41.26
US4601461035	Purchase	36,988	41.28
US4601461035	Sale	551	41.28
US4601461035	Purchase	3,040	41.24
US4601461035	Sale	319	41.24
US4601461035	Purchase	18,266	41.20
US4601461035	Sale	9,461	41.20
US4601461035	Purchase	5,908	41.16
US4601461035	Sale	301	41.16
US4601461035	Purchase	42,110	41.19
US4601461035	Sale	100	41.19
US4601461035	Purchase	61,803	41.15
US4601461035	Sale	1,400	41.15
US4601461035	Sale	661	41.29
US4601461035	Purchase	3,873	41.21
US4601461035	Sale	259	41.21
US4601461035	Sale	100	41.35
US4601461035	Purchase	74,753	41.18
US4601461035	Sale	208	41.18
US4601461035	Purchase	32	41.30
US4601461035	Sale	200	41.30
US4601461035	Sale	10	41.32
US4601461035	Purchase	2,511	42.10
US4601461035	Purchase	7,785	41.99
US4601461035	Sale	5,000	41.60
US4601461035	Purchase	100	41.38
US4601461035	Purchase	4,274	42.02
US4601461035	Purchase	90	41.10
US4601461035	Purchase	188	41.04
US4601461035	Purchase	199	41.07
US4601461035	Purchase	155	41.02
US4601461035	Purchase	110	41.03
US4601461035	Purchase	1,188	41.05
US4601461035	Purchase	194	41.06
US4601461035	Purchase	156	41.08
US4601461035	Purchase	24	41.11
US4601461035	Purchase	5,284	41.18
US4601461035	Sale	7,588	41.18
US4601461035	Purchase	1,100	41.10
US4601461035	Purchase	2,531	41.13
US4601461035	Purchase	100	41.17
US4601461035	Purchase	24	41.04
US4601461035	Purchase	5,007	41.12
US4601461035	Purchase	31	41.07
US4601461035	Purchase	200	41.00
US4601461035	Sale	1,000	41.00
US4601461035	Sale	400	41.02
US4601461035	Sale	1,076	40.99
US4601461035	Sale	500	41.01
US4601461035	Purchase	998	41.03
US4601461035	Sale	100	41.03
US4601461035	Sale	100	40.95
US4601461035	Sale	41	41.05
US4601461035	Purchase	256	41.06
US4601461035	Purchase	2,728	41.08
US4601461035	Sale	800	40.98
US4601461035	Purchase	3,245	41.11
US4601461035	Purchase	740	41.09
US4601461035	Purchase	789	41.14
US4601461035	Purchase	100	41.23
US4601461035	Purchase	525	41.15
US4601461035	Purchase	62	41.21
US4601461035	Purchase	308	41.18
US4601461035	Sale	30	41.18
US4601461035	Purchase	123	41.18

(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
US4601461035	Call Option	Purchasing	12,200	45.00	American	1/17/2025

(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:		21st May 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	1/17/2025
US4601461035	Call Option	Purchased	300	40.00	American	1/17/2025
US4601461035	Put Option	Purchased	800	32.50	American	1/17/2025
US4601461035	Put Option	Purchased	800	35.00	American	6/21/2024
US4601461035	Put Option	Purchased	1,200	35.00	American	7/19/2024
US4601461035	Call Option	Purchased	27,000	37.50	American	7/19/2024
US4601461035	Call Option	Written	300,000	50.00	American	10/18/2024
US4601461035	Call Option	Purchased	639,800	42.50	American	6/21/2024
US4601461035	Call Option	Purchased	160,000	40.00	American	7/19/2024
US4601461035	Call Option	Written	160,000	50.00	American	7/19/2024
US4601461035	Call Option	Purchased	300,000	42.50	American	10/18/2024
US4601461035	Put Option	Written	125,000	37.50	American	6/21/2024
US4601461035	Call Option	Purchased	12,200	45.00	American	1/17/2025

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/20240521161032/en/

Contacts

Millennium Partners, L.P.