Form 8.3 - International Paper Company

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 relevant securities this form relates:

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:

29 Aug 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?

YES: 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:

812,212

0.23%

488,982

0.14%

(2) Cash-settled derivatives:

149,943

0.04%

0

0.00%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell: 

123,800

0.04%

0

0.00%

TOTAL: 

1,085,955

0.31%

488,982

0.14%

(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 PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

common stock

Purchase

34,802

48.1877 USD

common stock

Purchase

33,344

48.1709 USD

common stock

Purchase

21,040

48.1355 USD

common stock

Purchase

16,195

48.1669 USD

common stock

Purchase

13,782

48.2258 USD

common stock

Purchase

9,758

48.1642 USD

common stock

Purchase

8,630

48.2319 USD

common stock

Purchase

8,434

48.2027 USD

common stock

Purchase

5,955

48.1101 USD

common stock

Purchase

4,333

48.1768 USD

common stock

Purchase

4,084

48.2132 USD

common stock

Purchase

3,899

48.1420 USD

common stock

Purchase

3,102

47.9728 USD

common stock

Purchase

2,466

48.1130 USD

common stock

Purchase

2,162

48.1100 USD

common stock

Purchase

1,712

48.3284 USD

common stock

Purchase

1,394

48.1552 USD

common stock

Purchase

1,332

48.2747 USD

common stock

Purchase

981

48.1157 USD

common stock

Purchase

970

48.1937 USD

common stock

Purchase

887

48.2379 USD

common stock

Purchase

811

48.2189 USD

common stock

Purchase

783

48.1563 USD

common stock

Purchase

568

48.1199 USD

common stock

Purchase

500

48.2900 USD

common stock

Purchase

400

48.2575 USD

common stock

Purchase

202

48.1574 USD

common stock

Purchase

200

48.1850 USD

common stock

Purchase

199

48.1281 USD

common stock

Purchase

180

48.1400 USD

common stock

Purchase

100

48.1598 USD

common stock

Purchase

47

48.1750 USD

common stock

Purchase

38

null

common stock

Purchase

37

48.4300 USD

common stock

Purchase

25

48.4284 USD

common stock

Purchase

5

48.2300 USD

common stock

Purchase

3

47.9550 USD

common stock

Purchase

3

48.4266 USD

common stock

Sale

74,683

48.1736 USD

common stock

Sale

47,694

48.2119 USD

common stock

Sale

12,139

48.1551 USD

common stock

Sale

9,860

48.1100 USD

common stock

Sale

6,804

48.1101 USD

common stock

Sale

5,953

48.2254 USD

common stock

Sale

4,363

48.1652 USD

common stock

Sale

4,153

48.2252 USD

common stock

Sale

2,900

47.9600 USD

common stock

Sale

2,481

48.1482 USD

common stock

Sale

2,466

48.1130 USD

common stock

Sale

2,104

48.0971 USD

common stock

Sale

1,877

48.1698 USD

common stock

Sale

1,345

48.1726 USD

common stock

Sale

1,169

48.2111 USD

common stock

Sale

981

48.1157 USD

common stock

Sale

932

48.2243 USD

common stock

Sale

404

48.1574 USD

common stock

Sale

382

48.2684 USD

common stock

Sale

272

48.1863 USD

common stock

Sale

222

48.3017 USD

common stock

Sale

209

48.1105 USD

common stock

Sale

151

48.0615 USD

common stock

Sale

134

48.1682 USD

common stock

Sale

130

48.0453 USD

common stock

Sale

118

48.1989 USD

common stock

Sale

100

47.9550 USD

common stock

Sale

100

48.1628 USD

common stock

Sale

99

48.1501 USD

common stock

Sale

98

48.2016 USD

common stock

Sale

91

48.1428 USD

common stock

Sale

80

48.1400 USD

common stock

Sale

58

48.1300 USD

common stock

Sale

58

48.1900 USD

common stock

Sale

47

48.1750 USD

common stock

Sale

40

48.0500 USD

common stock

Sale

38

48.2400 USD

common stock

Sale

19

48.4994 USD

common stock

Sale

5

48.2300 USD

common stock

Sale

4

48.1700 USD

common stock

Sale

4

48.1500 USD

common stock

Sale

2

48.3300 USD

common stock

Sale

1

48.1800 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

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

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

Option money paid/ received per unit

common stock

Call Options

Purchasing

500

53.0000 USD

American

18 Oct 2024

0.4620 USD

common stock

Call Options

Selling

500

48.0000 USD

American

18 Oct 2024

2.2560 USD

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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 person 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:

30 Aug 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

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 are being disclosed:

Barclays PLC.

Name of offeror/offeree in relation to whose relevant securities this from relates:

INTERNATIONAL PAPER CO

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

Put Options

Written

123,800

45.0000

American

20 Sep 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: