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:

14 Jun 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:

855,002

0.25%

293,905

0.08%

(2) Cash-settled derivatives:

62,460

0.02%

46,190

0.01%

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

0

0.00%

0

0.00%

TOTAL: 

917,462

0.26%

340,095

0.10%

(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

103,440

45.1299 USD

common stock

Purchase

41,974

44.8945 USD

common stock

Purchase

38,733

45.0804 USD

common stock

Purchase

27,214

45.0912 USD

common stock

Purchase

22,299

45.1432 USD

common stock

Purchase

18,787

45.2890 USD

common stock

Purchase

18,498

45.1766 USD

common stock

Purchase

17,958

44.8900 USD

common stock

Purchase

17,090

45.0298 USD

common stock

Purchase

15,795

45.2758 USD

common stock

Purchase

13,796

45.0210 USD

common stock

Purchase

12,778

45.0827 USD

common stock

Purchase

11,399

45.0948 USD

common stock

Purchase

10,632

45.1576 USD

common stock

Purchase

8,780

45.1146 USD

common stock

Purchase

8,731

45.0941 USD

common stock

Purchase

7,277

45.1375 USD

common stock

Purchase

6,983

45.0803 USD

common stock

Purchase

6,872

45.0981 USD

common stock

Purchase

5,000

45.2683 USD

common stock

Purchase

5,000

45.2699 USD

common stock

Purchase

4,106

45.1318 USD

common stock

Purchase

3,970

45.1715 USD

common stock

Purchase

3,800

45.1367 USD

common stock

Purchase

3,463

45.3430 USD

common stock

Purchase

3,164

45.1167 USD

common stock

Purchase

2,875

45.1276 USD

common stock

Purchase

2,531

45.2039 USD

common stock

Purchase

2,466

45.2201 USD

common stock

Purchase

2,409

45.1587 USD

common stock

Purchase

2,409

45.2331 USD

common stock

Purchase

1,949

45.1118 USD

common stock

Purchase

1,922

45.0943 USD

common stock

Purchase

1,870

45.1150 USD

common stock

Purchase

1,805

45.1248 USD

common stock

Purchase

1,701

45.0623 USD

common stock

Purchase

1,589

44.9019 USD

common stock

Purchase

1,490

45.0890 USD

common stock

Purchase

1,185

44.8910 USD

common stock

Purchase

1,014

45.1145 USD

common stock

Purchase

1,010

45.1228 USD

common stock

Purchase

913

45.1025 USD

common stock

Purchase

831

45.3560 USD

common stock

Purchase

811

45.1513 USD

common stock

Purchase

786

45.0291 USD

common stock

Purchase

702

45.4048 USD

common stock

Purchase

692

45.0806 USD

common stock

Purchase

616

45.1016 USD

common stock

Purchase

609

45.3504 USD

common stock

Purchase

595

45.0754 USD

common stock

Purchase

500

45.3460 USD

common stock

Purchase

495

44.9810 USD

common stock

Purchase

402

45.2567 USD

common stock

Purchase

400

45.1075 USD

common stock

Purchase

308

45.0909 USD

common stock

Purchase

300

45.0866 USD

common stock

Purchase

230

45.0887 USD

common stock

Purchase

202

45.1538 USD

common stock

Purchase

200

45.0575 USD

common stock

Purchase

200

45.4250 USD

common stock

Purchase

200

45.3300 USD

common stock

Purchase

182

45.0601 USD

common stock

Purchase

161

45.0748 USD

common stock

Purchase

148

45.1597 USD

common stock

Purchase

133

45.0700 USD

common stock

Purchase

100

44.9500 USD

common stock

Purchase

100

45.1800 USD

common stock

Purchase

100

45.1700 USD

common stock

Purchase

100

45.3450 USD

common stock

Purchase

60

45.1500 USD

common stock

Purchase

60

45.1300 USD

common stock

Purchase

4

45.0900 USD

common stock

Purchase

2

45.3900 USD

common stock

Sale

75,000

45.0906 USD

common stock

Sale

49,834

45.2005 USD

common stock

Sale

42,659

44.8900 USD

common stock

Sale

38,784

45.2141 USD

common stock

Sale

38,733

45.0804 USD

common stock

Sale

32,487

45.0641 USD

common stock

Sale

30,486

44.8928 USD

common stock

Sale

18,123

45.1505 USD

common stock

Sale

17,613

45.1236 USD

common stock

Sale

11,718

44.9034 USD

common stock

Sale

10,982

45.0935 USD

common stock

Sale

9,471

45.0989 USD

common stock

Sale

8,235

45.1535 USD

common stock

Sale

7,979

45.2224 USD

common stock

Sale

6,785

45.1888 USD

common stock

Sale

6,641

45.4014 USD

common stock

Sale

3,993

45.2345 USD

common stock

Sale

3,303

45.2539 USD

common stock

Sale

2,772

45.1323 USD

common stock

Sale

2,000

45.4330 USD

common stock

Sale

1,949

45.1587 USD

common stock

Sale

1,885

44.8906 USD

common stock

Sale

1,763

45.1109 USD

common stock

Sale

1,722

45.2083 USD

common stock

Sale

1,702

45.2042 USD

common stock

Sale

1,509

45.2293 USD

common stock

Sale

1,425

45.3827 USD

common stock

Sale

1,417

45.2094 USD

common stock

Sale

1,362

45.0895 USD

common stock

Sale

1,300

44.9138 USD

common stock

Sale

1,175

45.0832 USD

common stock

Sale

800

45.1837 USD

common stock

Sale

500

45.0660 USD

common stock

Sale

500

45.3460 USD

common stock

Sale

495

44.9810 USD

common stock

Sale

460

45.1586 USD

common stock

Sale

434

44.9719 USD

common stock

Sale

413

45.4052 USD

common stock

Sale

400

45.2400 USD

common stock

Sale

325

45.1500 USD

common stock

Sale

302

45.3900 USD

common stock

Sale

300

45.2416 USD

common stock

Sale

300

45.1400 USD

common stock

Sale

242

45.2350 USD

common stock

Sale

238

45.0277 USD

common stock

Sale

221

45.1007 USD

common stock

Sale

200

45.0750 USD

common stock

Sale

187

45.0022 USD

common stock

Sale

182

45.0601 USD

common stock

Sale

121

45.0781 USD

common stock

Sale

107

45.0700 USD

common stock

Sale

100

45.5600 USD

common stock

Sale

100

44.9550 USD

common stock

Sale

100

44.9800 USD

common stock

Sale

100

45.3450 USD

common stock

Sale

47

45.1682 USD

common stock

Sale

30

45.1416 USD

common stock

Sale

21

45.0200 USD

common stock

Sale

15

45.0733 USD

common stock

Sale

11

45.0000 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

Selling

200

 42.5000 USD

TBD

21 Jun 2024

0.3500 USD

common stock

Call Options

Selling

700

44.5000 USD

TBD

21 Jun 2024

0.8500 USD

common stock

Call Options

Purchasing

2,300

46.5000 USD

TBD

21 Jun 2024

0.5500 USD

common stock

Call Options

Purchasing

8,400

46.5000 USD

TBD

21 Jun 2024

0.6500 USD

common stock

Call Options

Purchasing

11,500

44.0000 USD

TBD

21 Jun 2024

0.7000 USD

common stock

Call Options

Selling

10,700

43.0000 USD

TBD

21 Jun 2024

0.4252 USD

common stock

Call Options

Selling

500

46.5000 USD

TBD

21 Jun 2024

0.5000 USD

common stock

Call Options

Purchasing

2,700

43.0000 USD

TBD

21 Jun 2024

0.5000 USD

common stock

Call Options

Purchasing

11,200

47.0000 USD

TBD

21 Jun 2024

0.4000 USD

common stock

Call Options

Selling

2,900

44.0000 USD

TBD

21 Jun 2024

0.7000 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?

NO

Date of disclosure:

17 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213