20th Jan 2025 14:26
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: | 17 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: | 686,783 | 0.20% | 644,162 | 0.19% | |||
(2) | Cash-settled derivatives: | ||||||
and/or controlled: | 544,466 | 0.16% | 13,660 | 0.00% | |||
(3) | Stock-settled derivatives (including options) | ||||||
and agreements to purchase/sell: | 0 | 0.00% | 35,000 | 0.01% | |||
TOTAL: | 1,231,249 | 0.35% | 692,822 | 0.20% | |||
(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 | 130,151 | 56.5500 USD | ||||
common stock | Purchase | 127,834 | 56.8121 USD | ||||
common stock | Purchase | 78,025 | 56.9291 USD | ||||
common stock | Purchase | 71,311 | 56.7798 USD | ||||
common stock | Purchase | 46,009 | 56.8484 USD | ||||
common stock | Purchase | 43,178 | 56.8676 USD | ||||
common stock | Purchase | 34,709 | 56.9301 USD | ||||
common stock | Purchase | 32,825 | 56.9268 USD | ||||
common stock | Purchase | 32,125 | 56.7885 USD | ||||
common stock | Purchase | 29,925 | 56.5999 USD | ||||
common stock | Purchase | 29,900 | 56.6000 USD | ||||
common stock | Purchase | 25,168 | 56.7834 USD | ||||
common stock | Purchase | 14,160 | 56.7877 USD | ||||
common stock | Purchase | 13,125 | 56.7768 USD | ||||
common stock | Purchase | 12,623 | 56.7567 USD | ||||
common stock | Purchase | 10,797 | 56.7205 USD | ||||
common stock | Purchase | 9,267 | 56.7443 USD | ||||
common stock | Purchase | 7,165 | 56.7855 USD | ||||
common stock | Purchase | 5,554 | 56.7703 USD | ||||
common stock | Purchase | 4,432 | 56.7350 USD | ||||
common stock | Purchase | 4,098 | 56.8021 USD | ||||
common stock | Purchase | 4,043 | 56.7721 USD | ||||
common stock | Purchase | 3,941 | 56.8500 USD | ||||
common stock | Purchase | 3,615 | 56.7489 USD | ||||
common stock | Purchase | 3,571 | 56.9300 USD | ||||
common stock | Purchase | 3,524 | 56.7867 USD | ||||
common stock | Purchase | 3,496 | 56.8027 USD | ||||
common stock | Purchase | 3,355 | 56.7649 USD | ||||
common stock | Purchase | 3,236 | 56.7800 USD | ||||
common stock | Purchase | 2,833 | 56.7442 USD | ||||
common stock | Purchase | 2,590 | 56.7550 USD | ||||
common stock | Purchase | 2,477 | 56.7873 USD | ||||
common stock | Purchase | 2,393 | 56.7598 USD | ||||
common stock | Purchase | 2,204 | 56.7786 USD | ||||
common stock | Purchase | 2,198 | 56.7676 USD | ||||
common stock | Purchase | 2,052 | 56.7503 USD | ||||
common stock | Purchase | 1,800 | 56.8527 USD | ||||
common stock | Purchase | 1,788 | 56.9040 USD | ||||
common stock | Purchase | 1,252 | 56.7515 USD | ||||
common stock | Purchase | 1,134 | 56.8079 USD | ||||
common stock | Purchase | 1,086 | 56.7748 USD | ||||
common stock | Purchase | 1,030 | 56.8088 USD | ||||
common stock | Purchase | 854 | 56.7634 USD | ||||
common stock | Purchase | 808 | 56.7565 USD | ||||
common stock | Purchase | 781 | 56.7847 USD | ||||
common stock | Purchase | 775 | 56.7819 USD | ||||
common stock | Purchase | 742 | 56.7901 USD | ||||
common stock | Purchase | 740 | 56.7826 USD | ||||
common stock | Purchase | 632 | 56.7620 USD | ||||
common stock | Purchase | 617 | 56.8310 USD | ||||
common stock | Purchase | 608 | 56.7661 USD | ||||
common stock | Purchase | 514 | 56.7305 USD | ||||
common stock | Purchase | 505 | 56.7730 USD | ||||
common stock | Purchase | 500 | 56.6790 USD | ||||
common stock | Purchase | 491 | 56.7394 USD | ||||
common stock | Purchase | 478 | 56.8015 USD | ||||
common stock | Purchase | 447 | 56.7992 USD | ||||
common stock | Purchase | 400 | 56.8050 USD | ||||
common stock | Purchase | 400 | 56.8750 USD | ||||
common stock | Purchase | 400 | 56.6800 USD | ||||
common stock | Purchase | 400 | 56.7975 USD | ||||
common stock | Purchase | 379 | 56.8085 USD | ||||
common stock | Purchase | 333 | 56.7820 USD | ||||
common stock | Purchase | 303 | 56.7600 USD | ||||
common stock | Purchase | 301 | 56.7899 USD | ||||
common stock | Purchase | 300 | 56.7733 USD | ||||
common stock | Purchase | 300 | 56.8533 USD | ||||
common stock | Purchase | 300 | 56.7500 USD | ||||
common stock | Purchase | 248 | 56.8058 USD | ||||
common stock | Purchase | 226 | 56.8000 USD | ||||
common stock | Purchase | 202 | 56.8298 USD | ||||
common stock | Purchase | 200 | 56.7950 USD | ||||
common stock | Purchase | 187 | 56.8041 USD | ||||
common stock | Purchase | 147 | 56.7767 USD | ||||
common stock | Purchase | 134 | 56.9189 USD | ||||
common stock | Purchase | 125 | 56.6920 USD | ||||
common stock | Purchase | 100 | 56.7250 USD | ||||
common stock | Purchase | 100 | 56.8100 USD | ||||
common stock | Purchase | 68 | 56.7900 USD | ||||
common stock | Purchase | 40 | 55.0000 EUR | ||||
common stock | Purchase | 25 | 56.5400 USD | ||||
common stock | Sale | 85,334 | 56.9252 USD | ||||
common stock | Sale | 68,207 | 56.7554 USD | ||||
common stock | Sale | 61,515 | 56.7894 USD | ||||
common stock | Sale | 60,749 | 56.8216 USD | ||||
common stock | Sale | 59,779 | 56.8185 USD | ||||
common stock | Sale | 56,917 | 56.9300 USD | ||||
common stock | Sale | 37,794 | 56.7875 USD | ||||
common stock | Sale | 37,515 | 56.5500 USD | ||||
common stock | Sale | 34,709 | 56.9301 USD | ||||
common stock | Sale | 32,125 | 56.9299 USD | ||||
common stock | Sale | 32,125 | 56.7885 USD | ||||
common stock | Sale | 29,925 | 56.5999 USD | ||||
common stock | Sale | 26,356 | 56.7700 USD | ||||
common stock | Sale | 21,307 | 56.9295 USD | ||||
common stock | Sale | 15,023 | 56.8024 USD | ||||
common stock | Sale | 14,348 | 56.7887 USD | ||||
common stock | Sale | 13,121 | 56.7670 USD | ||||
common stock | Sale | 10,209 | 56.7548 USD | ||||
common stock | Sale | 8,137 | 56.7906 USD | ||||
common stock | Sale | 7,824 | 56.7940 USD | ||||
common stock | Sale | 6,530 | 56.8421 USD | ||||
common stock | Sale | 4,678 | 56.9033 USD | ||||
common stock | Sale | 3,728 | 56.7800 USD | ||||
common stock | Sale | 2,584 | 56.9323 USD | ||||
common stock | Sale | 2,518 | 56.8810 USD | ||||
common stock | Sale | 2,270 | 56.7543 USD | ||||
common stock | Sale | 2,181 | 56.7550 USD | ||||
common stock | Sale | 2,145 | 56.8547 USD | ||||
common stock | Sale | 2,078 | 56.8200 USD | ||||
common stock | Sale | 1,995 | 56.7613 USD | ||||
common stock | Sale | 1,606 | 56.7362 USD | ||||
common stock | Sale | 902 | 56.7807 USD | ||||
common stock | Sale | 742 | 56.7901 USD | ||||
common stock | Sale | 623 | 56.7568 USD | ||||
common stock | Sale | 514 | 56.7305 USD | ||||
common stock | Sale | 478 | 56.8015 USD | ||||
common stock | Sale | 465 | 56.7631 USD | ||||
common stock | Sale | 400 | 56.8975 USD | ||||
common stock | Sale | 310 | 56.8232 USD | ||||
common stock | Sale | 304 | 56.7900 USD | ||||
common stock | Sale | 205 | 56.7504 USD | ||||
common stock | Sale | 143 | 56.7760 USD | ||||
common stock | Sale | 123 | 56.7755 USD | ||||
common stock | Sale | 114 | 56.7994 USD | ||||
common stock | Sale | 100 | 56.8300 USD | ||||
common stock | Sale | 100 | 56.6400 USD | ||||
common stock | Sale | 62 | 56.7146 USD | ||||
common stock | Sale | 57 | 56.4800 USD | ||||
common stock | Sale | 54 | 56.6179 USD | ||||
common stock | Sale | 40 | 55.0000 EUR | ||||
common stock | Sale | 31 | 56.7835 USD | ||||
common stock | Sale | 26 | 56.7457 USD | ||||
common stock | Sale | 19 | 56.8526 USD | ||||
common stock | Sale | 18 | 56.8136 USD | ||||
common stock | Sale | 16 | 56.7656 USD | ||||
common stock | Sale | 13 | 56.7715 USD | ||||
common stock | Sale | 12 | 56.7400 USD | ||||
common stock | Sale | 10 | 56.7350 USD | ||||
common stock | Sale | 9 | 56.8000 USD | ||||
common stock | Sale | 9 | 56.7650 USD | ||||
common stock | Sale | 8 | 56.7100 USD | ||||
common stock | Sale | 7 | 56.7814 USD | ||||
common stock | Sale | 6 | 56.8100 USD | ||||
common stock | Sale | 5 | 56.6300 USD | ||||
common stock | Sale | 5 | 56.7488 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 | 2,703 | 56.9325 USD | |||
common stock | SWAP | Opening Long | 32,125 | 56.9300 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 | |||||||
common stock | Call Options | Purchasing | 700 | 56.0000 USD | American | 31 Jan 2025 | 2.1000 USD |
common stock | Call Options | Purchasing | 2,500 | 59.0000 USD | American | 31 Jan 2025 | 0.7500 USD |
common stock | Put Options | Purchasing | 35,000 | 55.0000 USD | American | 24 Jan 2025 | 0.1998 USD |
(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: | 20 Jan 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 CO | ||||||
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 | Put Options | Purchased | -35,000 | 55.0000 | American | 24 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