Form 8.3 - International Paper Company

Business Wire

23 Dec 2024

LONDON, December 23, 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	20-12-2024
(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	6,198,755	1.78
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	6,900	0.001	8,500	0.002
TOTAL:	6,900	0.001	6,207,255	1.78

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	1	53.68
Common Stock	Sale	1	53.90
Common Stock	Sale	1	53.90
Common Stock	Sale	1	53.91
Common Stock	Sale	1	54.00
Common Stock	Sale	1	54.01
Common Stock	Sale	1	54.05
Common Stock	Sale	1	54.06
Common Stock	Sale	1	54.09
Common Stock	Sale	1	54.14
Common Stock	Sale	1	54.15
Common Stock	Sale	1	54.26
Common Stock	Sale	1	54.26
Common Stock	Sale	1	54.27
Common Stock	Sale	1	54.27
Common Stock	Sale	1	54.28
Common Stock	Sale	1	54.28
Common Stock	Sale	1	54.29
Common Stock	Sale	1	54.30
Common Stock	Sale	1	54.32
Common Stock	Sale	1	54.34
Common Stock	Sale	1	54.34
Common Stock	Sale	2	54.20
Common Stock	Sale	2	54.27
Common Stock	Sale	3	53.73
Common Stock	Sale	3	53.90
Common Stock	Sale	3	54.11
Common Stock	Sale	4	54.20
Common Stock	Sale	5	53.69
Common Stock	Sale	5	53.71
Common Stock	Sale	5	53.87
Common Stock	Sale	5	54.05
Common Stock	Sale	6	53.97
Common Stock	Sale	6	53.98
Common Stock	Sale	6	54.01
Common Stock	Sale	8	54.05
Common Stock	Sale	10	53.68
Common Stock	Sale	10	54.24
Common Stock	Sale	10	54.31
Common Stock	Sale	11	53.98
Common Stock	Sale	11	54.18
Common Stock	Sale	12	54.15
Common Stock	Sale	14	54.15
Common Stock	Sale	19	53.90
Common Stock	Sale	20	53.67
Common Stock	Sale	20	53.77
Common Stock	Sale	20	53.96
Common Stock	Sale	20	54.01
Common Stock	Sale	20	54.46
Common Stock	Sale	24	53.58
Common Stock	Sale	24	53.90
Common Stock	Sale	25	54.35
Common Stock	Sale	26	54.30
Common Stock	Sale	27	54.28
Common Stock	Sale	28	54.21
Common Stock	Sale	45	53.99
Common Stock	Sale	55	53.93
Common Stock	Sale	57	53.66
Common Stock	Sale	100	54.00
Common Stock	Sale	100	54.16
Common Stock	Sale	100	54.18
Common Stock	Sale	100	54.31
Common Stock	Sale	100	54.33
Common Stock	Sale	105	54.30
Common Stock	Sale	110	53.88
Common Stock	Sale	110	53.91
Common Stock	Sale	110	53.97
Common Stock	Sale	110	54.04
Common Stock	Sale	112	53.64
Common Stock	Sale	114	54.41
Common Stock	Sale	115	53.90
Common Stock	Sale	120	53.76
Common Stock	Sale	120	53.98
Common Stock	Sale	130	54.28
Common Stock	Sale	132	53.89
Common Stock	Sale	133	54.40
Common Stock	Sale	138	54.08
Common Stock	Sale	163	54.09
Common Stock	Sale	166	54.38
Common Stock	Sale	188	53.95
Common Stock	Sale	200	53.59
Common Stock	Sale	200	54.02
Common Stock	Sale	200	54.17
Common Stock	Sale	205	54.11
Common Stock	Sale	210	54.06
Common Stock	Sale	229	54.39
Common Stock	Sale	237	54.10
Common Stock	Sale	240	54.27
Common Stock	Sale	275	54.26
Common Stock	Sale	310	54.03
Common Stock	Sale	320	54.07
Common Stock	Sale	335	54.20
Common Stock	Sale	360	54.34
Common Stock	Sale	361	53.92
Common Stock	Sale	377	53.94
Common Stock	Sale	400	54.22
Common Stock	Sale	415	54.29
Common Stock	Sale	433	54.19
Common Stock	Sale	437	54.25
Common Stock	Sale	545	54.23
Common Stock	Sale	565	54.43
Common Stock	Sale	579	54.21
Common Stock	Sale	620	54.31
Common Stock	Sale	710	54.01
Common Stock	Sale	775	54.24
Common Stock	Sale	935	54.32
Common Stock	Sale	19046	53.87
Common Stock	Sale	23827	54.45
Common Stock	Purchase	1	53.90
Common Stock	Purchase	1	54.20
Common Stock	Purchase	1	54.24
Common Stock	Purchase	1	54.28
Common Stock	Purchase	1	54.29
Common Stock	Purchase	1	54.32
Common Stock	Purchase	2	54.15
Common Stock	Purchase	6	53.98
Common Stock	Purchase	7	53.73
Common Stock	Purchase	10	53.76
Common Stock	Purchase	10	54.00
Common Stock	Purchase	10	54.37
Common Stock	Purchase	20	54.03
Common Stock	Purchase	21	54.27
Common Stock	Purchase	24	53.58
Common Stock	Purchase	27	54.28
Common Stock	Purchase	33	54.47
Common Stock	Purchase	34	53.69
Common Stock	Purchase	52	53.68
Common Stock	Purchase	58	53.75
Common Stock	Purchase	62	53.82
Common Stock	Purchase	65	54.02
Common Stock	Purchase	66	54.38
Common Stock	Purchase	69	53.71
Common Stock	Purchase	71	54.41
Common Stock	Purchase	75	54.06
Common Stock	Purchase	100	53.78
Common Stock	Purchase	100	53.86
Common Stock	Purchase	100	53.90
Common Stock	Purchase	100	53.93
Common Stock	Purchase	100	54.05
Common Stock	Purchase	100	54.09
Common Stock	Purchase	100	54.12
Common Stock	Purchase	100	54.15
Common Stock	Purchase	100	54.16
Common Stock	Purchase	100	54.16
Common Stock	Purchase	100	54.16
Common Stock	Purchase	100	54.20
Common Stock	Purchase	100	54.23
Common Stock	Purchase	100	54.30
Common Stock	Purchase	102	54.29
Common Stock	Purchase	107	53.95
Common Stock	Purchase	116	53.99
Common Stock	Purchase	118	54.44
Common Stock	Purchase	121	53.83
Common Stock	Purchase	134	54.25
Common Stock	Purchase	136	54.01
Common Stock	Purchase	145	53.70
Common Stock	Purchase	156	54.33
Common Stock	Purchase	168	54.43
Common Stock	Purchase	200	53.63
Common Stock	Purchase	200	54.12
Common Stock	Purchase	200	54.20
Common Stock	Purchase	200	54.23
Common Stock	Purchase	200	54.23
Common Stock	Purchase	200	54.34
Common Stock	Purchase	218	53.94
Common Stock	Purchase	220	53.98
Common Stock	Purchase	225	54.11
Common Stock	Purchase	255	53.89
Common Stock	Purchase	300	53.58
Common Stock	Purchase	300	53.66
Common Stock	Purchase	300	53.67
Common Stock	Purchase	300	53.85
Common Stock	Purchase	300	54.18
Common Stock	Purchase	300	54.20
Common Stock	Purchase	300	54.31
Common Stock	Purchase	360	53.90
Common Stock	Purchase	380	53.88
Common Stock	Purchase	380	54.03
Common Stock	Purchase	400	53.96
Common Stock	Purchase	403	53.93
Common Stock	Purchase	434	54.09
Common Stock	Purchase	467	53.61
Common Stock	Purchase	476	54.40
Common Stock	Purchase	483	53.65
Common Stock	Purchase	483	53.98
Common Stock	Purchase	500	54.34
Common Stock	Purchase	577	53.91
Common Stock	Purchase	729	54.35
Common Stock	Purchase	830	54.41
Common Stock	Purchase	903	54.39
Common Stock	Purchase	936	54.00
Common Stock	Purchase	959	54.10
Common Stock	Purchase	979	54.02
Common Stock	Purchase	1009	53.97
Common Stock	Purchase	1089	54.42
Common Stock	Purchase	1190	54.05
Common Stock	Purchase	1247	54.06
Common Stock	Purchase	1321	53.86
Common Stock	Purchase	1385	54.07
Common Stock	Purchase	1589	54.08
Common Stock	Purchase	1640	54.12
Common Stock	Purchase	1739	54.04
Common Stock	Purchase	2052	54.14
Common Stock	Purchase	2154	54.34
Common Stock	Purchase	2259	53.87
Common Stock	Purchase	2341	54.01
Common Stock	Purchase	2400	53.92
Common Stock	Purchase	2566	54.17
Common Stock	Purchase	2650	54.36
Common Stock	Purchase	2658	54.24
Common Stock	Purchase	2839	53.99
Common Stock	Purchase	2962	54.25
Common Stock	Purchase	3257	54.18
Common Stock	Purchase	3260	54.26
Common Stock	Purchase	3361	54.23
Common Stock	Purchase	3474	54.19
Common Stock	Purchase	3499	54.13
Common Stock	Purchase	3514	54.15
Common Stock	Purchase	3554	54.22
Common Stock	Purchase	3654	54.21
Common Stock	Purchase	3661	54.33
Common Stock	Purchase	3712	54.27
Common Stock	Purchase	4230	54.20
Common Stock	Purchase	4842	54.16
Common Stock	Purchase	4983	54.30
Common Stock	Purchase	5467	54.29
Common Stock	Purchase	5583	54.32
Common Stock	Purchase	5778	54.28
Common Stock	Purchase	7339	54.31
Common Stock	Purchase	53805	54.45

(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)

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)
Common Stock	Put Option	Reducing a long position	1,200	57.50
Common Stock	Call Option	Reducing a long position	300	50.00
Common Stock	Call Option	Reducing a short position	600	55.00

(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:	23-12-2024
Contact name:	Janice Falcao
Telephone number:	00442033140679

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.

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 06/20/25 C52.5 Equity	Purchase	2,000	USD 52.5	American	06/20/25
Common Stock	Call Option IP US 04/17/25 C47.5 Equity	Purchase	1,000	USD 47.5	American	04/17/25
Common Stock	Call Option IP US 10/17/25 C42.5 Equity	Purchase	700	USD 42.5	American	10/17/25
Common Stock	Call Option IP US 04/17/25 C52.5 Equity	Purchase	600	USD 52.5	American	04/17/25
Common Stock	Call Option IP US 09/19/25 C42.5 Equity	Purchase	600	USD 42.5	American	09/19/25
Common Stock	Call Option IP US 10/17/25 C55 Equity	Purchase	500	USD 55	American	10/17/25
Common Stock	Call Option IP US 01/16/26 C50 Equity	Purchase	500	USD 50	American	01/16/26
Common Stock	Call Option IP US 01/16/26 C60 Equity	Purchase	300	USD 60	American	01/16/26
Common Stock	Call Option IP US 06/20/25 C50 Equity	Purchase	300	USD 50	American	06/20/25
Common Stock	Call Option IP US 01/17/25 C47.5 Equity	Purchase	200	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 04/17/25 C50 Equity	Purchase	200	USD 50	American	04/17/25
Common Stock	Call Option IP US 01/17/25 C60 Equity	Written	300	USD 60	American	01/17/25
Common Stock	Put Option IP US 04/17/25 P45 Equity	Written	300	USD 45	American	04/17/25
Common Stock	Put Option IP US 01/17/25 P47.5 Equity	Written	400	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 01/17/25 C55 Equity	Written	500	USD 55	American	01/17/25
Common Stock	Put Option IP US 04/17/25 P47.5 Equity	Written	2,400	USD 47.5	American	04/17/25
Common Stock	Put Option IP US 01/16/26 P42.5 Equity	Written	4,600	USD 42.5	American	01/16/26

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/20241223570586/en/

Contacts

Qube Research & Technologies LTD

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Form 8.3 - International Paper Company

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