3rd Feb 2025 13:49
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: | Barclays PLC. | |||||
(b) | Owner or controller of interest and short | ||||||
positions disclosed, if different from 1(a): | |||||||
(c) | Name of offeror/offeree in relation to whose | INTERNATIONAL PAPER COMPANY | |||||
relevant securities this form relates: | |||||||
(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: | 31 Jan 2025 | |||||
(f) | In addition to the company in 1(c) above, is the discloser making | YES: | |||||
disclosures in respect of any other party to the offer? | DS SMITH PLC | ||||||
2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
(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: | 954,166 | 0.27% | 725,150 | 0.21% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 624,672 | 0.18% | 47,760 | 0.01% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 60,100 | 0.02% | 0 | 0.00% | |||
TOTAL: | 1,638,938 | 0.47% | 772,910 | 0.22% | |||
(b) | Rights to subscribe for new securities (including directors and other executive | ||||||
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 EXEMPT PRINCIPAL TRADER | ||||||
(a) | Purchases and sales | ||||||
Class of relevant | Purchase/sale | Number of | Price per unit | ||||
security | securities | ||||||
common stock | Purchase | 1,418,022 | 55.9419 USD | ||||
common stock | Purchase | 363,994 | 55.8458 USD | ||||
common stock | Purchase | 243,940 | 55.6773 USD | ||||
common stock | Purchase | 134,042 | 56.6029 USD | ||||
common stock | Purchase | 125,657 | 56.1462 USD | ||||
common stock | Purchase | 125,484 | 56.4571 USD | ||||
common stock | Purchase | 117,919 | 56.0447 USD | ||||
common stock | Purchase | 113,114 | 55.6300 USD | ||||
common stock | Purchase | 62,347 | 56.8849 USD | ||||
common stock | Purchase | 50,170 | 56.1709 USD | ||||
common stock | Purchase | 41,366 | 56.3482 USD | ||||
common stock | Purchase | 40,922 | 57.3421 USD | ||||
common stock | Purchase | 39,355 | 56.7413 USD | ||||
common stock | Purchase | 32,691 | 55.8178 USD | ||||
common stock | Purchase | 30,942 | 56.4611 USD | ||||
common stock | Purchase | 28,292 | 56.3734 USD | ||||
common stock | Purchase | 24,425 | 56.9712 USD | ||||
common stock | Purchase | 18,000 | 57.2890 USD | ||||
common stock | Purchase | 14,279 | 56.4606 USD | ||||
common stock | Purchase | 11,668 | 56.8422 USD | ||||
common stock | Purchase | 10,456 | 56.4779 USD | ||||
common stock | Purchase | 8,303 | 56.6597 USD | ||||
common stock | Purchase | 7,704 | 56.7500 USD | ||||
common stock | Purchase | 6,327 | 55.9621 USD | ||||
common stock | Purchase | 5,796 | 56.6978 USD | ||||
common stock | Purchase | 5,700 | 56.9800 USD | ||||
common stock | Purchase | 4,690 | 55.7955 USD | ||||
common stock | Purchase | 3,964 | 55.7873 USD | ||||
common stock | Purchase | 3,273 | 55.7593 USD | ||||
common stock | Purchase | 3,184 | 56.3962 USD | ||||
common stock | Purchase | 3,100 | 56.6987 USD | ||||
common stock | Purchase | 3,047 | 56.7242 USD | ||||
common stock | Purchase | 2,987 | 56.7566 USD | ||||
common stock | Purchase | 2,905 | 55.8138 USD | ||||
common stock | Purchase | 2,754 | 55.6688 USD | ||||
common stock | Purchase | 2,600 | 56.9453 USD | ||||
common stock | Purchase | 2,562 | 56.7134 USD | ||||
common stock | Purchase | 2,078 | 56.6861 USD | ||||
common stock | Purchase | 1,775 | 56.5956 USD | ||||
common stock | Purchase | 1,644 | 56.6806 USD | ||||
common stock | Purchase | 1,400 | 56.5907 USD | ||||
common stock | Purchase | 1,368 | 56.7561 USD | ||||
common stock | Purchase | 1,052 | 56.1500 USD | ||||
common stock | Purchase | 1,008 | 57.1257 USD | ||||
common stock | Purchase | 900 | 56.7866 USD | ||||
common stock | Purchase | 733 | 55.7891 USD | ||||
common stock | Purchase | 700 | 57.4829 USD | ||||
common stock | Purchase | 642 | 56.5093 USD | ||||
common stock | Purchase | 612 | 56.5456 USD | ||||
common stock | Purchase | 600 | 56.1266 USD | ||||
common stock | Purchase | 500 | 56.9100 USD | ||||
common stock | Purchase | 481 | 55.7922 USD | ||||
common stock | Purchase | 445 | 56.3118 USD | ||||
common stock | Purchase | 400 | 55.7650 USD | ||||
common stock | Purchase | 395 | 55.6322 USD | ||||
common stock | Purchase | 336 | 56.6968 USD | ||||
common stock | Purchase | 275 | 56.1655 USD | ||||
common stock | Purchase | 244 | 55.7722 USD | ||||
common stock | Purchase | 201 | 56.8300 USD | ||||
common stock | Purchase | 200 | 56.3300 USD | ||||
common stock | Purchase | 170 | 56.4100 USD | ||||
common stock | Purchase | 145 | 57.6833 USD | ||||
common stock | Purchase | 135 | 57.9400 USD | ||||
common stock | Purchase | 100 | 55.5100 USD | ||||
common stock | Purchase | 75 | 57.1340 USD | ||||
common stock | Purchase | 70 | 55.5800 USD | ||||
common stock | Purchase | 40 | 57.8100 USD | ||||
common stock | Purchase | 18 | 57.2594 USD | ||||
common stock | Purchase | 11 | 55.3400 EUR | ||||
common stock | Purchase | 4 | 55.6000 USD | ||||
common stock | Sale | 1,052,944 | 55.8111 USD | ||||
common stock | Sale | 395,861 | 55.9188 USD | ||||
common stock | Sale | 259,753 | 55.9915 USD | ||||
common stock | Sale | 212,026 | 56.4119 USD | ||||
common stock | Sale | 124,369 | 56.1450 USD | ||||
common stock | Sale | 118,934 | 55.6300 USD | ||||
common stock | Sale | 115,538 | 56.6706 USD | ||||
common stock | Sale | 94,330 | 56.4054 USD | ||||
common stock | Sale | 85,254 | 56.4810 USD | ||||
common stock | Sale | 83,602 | 56.4375 USD | ||||
common stock | Sale | 67,453 | 56.0844 USD | ||||
common stock | Sale | 59,142 | 55.6356 USD | ||||
common stock | Sale | 58,877 | 56.4333 USD | ||||
common stock | Sale | 52,011 | 55.8251 USD | ||||
common stock | Sale | 50,170 | 56.1709 USD | ||||
common stock | Sale | 39,200 | 56.1502 USD | ||||
common stock | Sale | 30,213 | 56.3685 USD | ||||
common stock | Sale | 24,425 | 56.9712 USD | ||||
common stock | Sale | 22,017 | 56.7196 USD | ||||
common stock | Sale | 21,118 | 56.6975 USD | ||||
common stock | Sale | 19,910 | 56.5268 USD | ||||
common stock | Sale | 18,000 | 57.2890 USD | ||||
common stock | Sale | 17,139 | 56.9631 USD | ||||
common stock | Sale | 15,645 | 56.2224 USD | ||||
common stock | Sale | 11,377 | 56.2790 USD | ||||
common stock | Sale | 10,624 | 56.3046 USD | ||||
common stock | Sale | 10,113 | 56.4563 USD | ||||
common stock | Sale | 10,051 | 56.4548 USD | ||||
common stock | Sale | 9,456 | 56.1110 USD | ||||
common stock | Sale | 8,492 | 56.3208 USD | ||||
common stock | Sale | 8,359 | 56.5762 USD | ||||
common stock | Sale | 7,875 | 56.5979 USD | ||||
common stock | Sale | 7,704 | 56.7500 USD | ||||
common stock | Sale | 7,277 | 55.6898 USD | ||||
common stock | Sale | 7,254 | 56.2084 USD | ||||
common stock | Sale | 6,800 | 56.3238 USD | ||||
common stock | Sale | 6,719 | 56.7450 USD | ||||
common stock | Sale | 6,350 | 55.8786 USD | ||||
common stock | Sale | 5,494 | 56.2341 USD | ||||
common stock | Sale | 3,820 | 55.9201 USD | ||||
common stock | Sale | 3,367 | 56.1666 USD | ||||
common stock | Sale | 3,100 | 56.3219 USD | ||||
common stock | Sale | 2,543 | 56.2767 USD | ||||
common stock | Sale | 1,962 | 56.7764 USD | ||||
common stock | Sale | 1,801 | 55.8594 USD | ||||
common stock | Sale | 1,741 | 56.1582 USD | ||||
common stock | Sale | 1,411 | 56.3816 USD | ||||
common stock | Sale | 1,368 | 56.7561 USD | ||||
common stock | Sale | 1,288 | 56.2612 USD | ||||
common stock | Sale | 1,114 | 56.2562 USD | ||||
common stock | Sale | 707 | 56.0785 USD | ||||
common stock | Sale | 643 | 56.5300 USD | ||||
common stock | Sale | 642 | 56.5093 USD | ||||
common stock | Sale | 600 | 56.1116 USD | ||||
common stock | Sale | 600 | 56.5072 USD | ||||
common stock | Sale | 592 | 56.5661 USD | ||||
common stock | Sale | 495 | 56.3607 USD | ||||
common stock | Sale | 400 | 56.5125 USD | ||||
common stock | Sale | 300 | 57.2600 USD | ||||
common stock | Sale | 278 | 56.0067 USD | ||||
common stock | Sale | 233 | 55.7612 USD | ||||
common stock | Sale | 200 | 57.2500 USD | ||||
common stock | Sale | 200 | 55.5300 USD | ||||
common stock | Sale | 140 | 57.3014 USD | ||||
common stock | Sale | 135 | 57.9400 USD | ||||
common stock | Sale | 123 | 55.6765 USD | ||||
common stock | Sale | 104 | 55.6128 USD | ||||
common stock | Sale | 100 | 55.5100 USD | ||||
common stock | Sale | 100 | 57.7100 USD | ||||
common stock | Sale | 100 | 55.5200 USD | ||||
common stock | Sale | 100 | 56.4000 USD | ||||
common stock | Sale | 94 | 56.1995 USD | ||||
common stock | Sale | 85 | 56.4100 USD | ||||
common stock | Sale | 75 | 57.1340 USD | ||||
common stock | Sale | 70 | 55.5800 USD | ||||
common stock | Sale | 50 | 56.4900 USD | ||||
common stock | Sale | 45 | 55.5233 USD | ||||
common stock | Sale | 40 | 55.5700 USD | ||||
common stock | Sale | 40 | 57.7150 USD | ||||
common stock | Sale | 39 | 55.5900 USD | ||||
common stock | Sale | 38 | 56.2157 USD | ||||
common stock | Sale | 35 | 56.4700 USD | ||||
common stock | Sale | 11 | 55.3400 EUR | ||||
common stock | Sale | 9 | 56.0044 USD | ||||
common stock | Sale | 8 | 56.7650 USD | ||||
common stock | Sale | 7 | 56.3014 USD | ||||
common stock | Sale | 6 | 55.5662 USD | ||||
common stock | Sale | 3 | 55.6100 USD | ||||
common stock | Sale | 2 | 56.6400 USD | ||||
(b) | Cash-settled derivative transactions | ||||||
Class of | Product | Nature of dealing | Number of | Price per | |||
relevant | description | reference | unit | ||||
security | securities | ||||||
common stock | SWAP | Decreasing Long | 2,124 | 55.6309 USD | |||
common stock | SWAP | Decreasing Long | 55 | 55.6310 USD | |||
common stock | SWAP | Increasing Short | 9,150 | 56.6977 USD | |||
common stock | SWAP | Increasing Long | 4,954 | 55.5911 USD | |||
common stock | SWAP | Increasing Long | 45,000 | 55.7017 USD | |||
common stock | SWAP | Increasing Long | 14,054 | 55.9346 USD | |||
common stock | SWAP | Increasing Long | 12,850 | 56.5727 USD | |||
common stock | SWAP | Increasing Long | 32,125 | 57.0395 USD | |||
common stock | SWAP | Decreasing Long | 12,850 | 56.9814 USD | |||
(c) | Stock-settled derivative transactions (including options) | ||||||
(i) | Writing, selling, purchasing or varying | ||||||
Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
of | description | purchasing, | of | price | date | money | |
relevant | selling, | securities | per unit | paid/ | |||
security | varying etc | to which | received | ||||
option | per unit | ||||||
relates | |||||||
(ii) | Exercising | ||||||
Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
security | securities | unit | |||||
(d) | Other dealings (including subscribing for new securities) | ||||||
Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
security | applicable) | ||||||
4. | OTHER INFORMATION | ||||||
(a) | Indemnity and other dealings 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 exempt principal trader making the disclosure and any party | |||||||
to the offer or any person acting in concert with a party to the offer: | |||||||
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 of future acquisition or disposal of any relevant securities to which | |||||||
any derivative is referenced: | |||||||
NONE | |||||||
(c) | Attachments | ||||||
Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
Date of disclosure: | 03 Feb 2025 | ||||||
Contact name: | Large Holdings Regulatory Operations | ||||||
Telephone number: | 020 3134 7213 | ||||||
DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO | |||||||
PURCHASE OR SELL ETC. | |||||||
Note 5(i) on Rule 8 of the Takeover Code (the "Code") | |||||||
1. | KEY INFORMATION | ||||||
Identity of the person whose positions/dealings | Barclays PLC. | ||||||
are being disclosed: | |||||||
Name of offeror/offeree in relation to whose | INTERNATIONAL PAPER COMPANY | ||||||
relevant securities this from relates: | |||||||
2. | OPTIONS AND DERIVATIVES | ||||||
Class of relevant security | Product description | Writing, purchasing, selling, varying etc | Number of securities to which option relates | Exercise price per unit | Type | Expiry date | |
common stock | Call Options | Purchased | 29,100 | 60.0000 | American | 31 Jan 2025 | |
common stock | Call Options | Purchased | 31,000 | 63.0000 | American | 31 Jan 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: | |||||||
Related Shares:
Barclays