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:

26 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:

804,103

0.23%

489,188

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: 

1,077,846

0.31%

489,188

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

47,300

48.8089 USD

common stock

Purchase

24,071

48.7116 USD

common stock

Purchase

16,132

48.8449 USD

common stock

Purchase

15,490

48.6855 USD

common stock

Purchase

10,444

48.7587 USD

common stock

Purchase

7,123

48.8452 USD

common stock

Purchase

5,876

48.8369 USD

common stock

Purchase

5,232

48.8292 USD

common stock

Purchase

5,005

48.6600 USD

common stock

Purchase

2,309

48.8282 USD

common stock

Purchase

2,120

48.9107 USD

common stock

Purchase

2,104

48.6622 USD

common stock

Purchase

2,048

48.8450 USD

common stock

Purchase

1,784

48.6715 USD

common stock

Purchase

910

48.9309 USD

common stock

Purchase

800

48.6447 USD

common stock

Purchase

665

48.7600 USD

common stock

Purchase

500

48.8300 USD

common stock

Purchase

465

48.8002 USD

common stock

Purchase

408

48.9523 USD

common stock

Purchase

360

48.8856 USD

common stock

Purchase

357

48.8363 USD

common stock

Purchase

352

49.0234 USD

common stock

Purchase

263

48.7520 USD

common stock

Purchase

230

48.8445 USD

common stock

Purchase

221

48.8735 USD

common stock

Purchase

149

48.6500 USD

common stock

Purchase

112

48.8466 USD

common stock

Purchase

66

48.9862 USD

common stock

Purchase

20

48.8200 USD

common stock

Purchase

1

44.0500 EUR

common stock

Sale

62,916

48.7673 USD

common stock

Sale

18,587

48.6908 USD

common stock

Sale

17,004

48.6975 USD

common stock

Sale

15,529

49.0497 USD

common stock

Sale

4,980

48.6600 USD

common stock

Sale

4,051

48.7265 USD

common stock

Sale

3,261

48.8618 USD

common stock

Sale

2,983

48.8155 USD

common stock

Sale

2,500

48.8712 USD

common stock

Sale

2,104

48.6622 USD

common stock

Sale

2,100

48.8010 USD

common stock

Sale

1,900

48.7989 USD

common stock

Sale

1,784

48.6715 USD

common stock

Sale

1,632

48.7612 USD

common stock

Sale

1,005

48.7437 USD

common stock

Sale

962

48.8621 USD

common stock

Sale

922

48.8593 USD

common stock

Sale

900

48.8288 USD

common stock

Sale

815

48.8514 USD

common stock

Sale

694

48.8395 USD

common stock

Sale

653

48.8203 USD

common stock

Sale

564

48.7787 USD

common stock

Sale

500

48.7600 USD

common stock

Sale

412

48.8251 USD

common stock

Sale

397

48.8146 USD

common stock

Sale

293

48.8128 USD

common stock

Sale

270

48.8800 USD

common stock

Sale

230

48.8445 USD

common stock

Sale

122

48.9589 USD

common stock

Sale

115

48.7513 USD

common stock

Sale

111

48.8432 USD

common stock

Sale

105

48.7842 USD

common stock

Sale

100

48.9300 USD

common stock

Sale

100

48.8100 USD

common stock

Sale

79

48.8500 USD

common stock

Sale

76

48.8281 USD

common stock

Sale

50

48.7800 USD

common stock

Sale

25

48.8300 USD

common stock

Sale

12

48.9700 USD

common stock

Sale

3

48.9800 USD

common stock

Sale

1

44.0500 EUR

(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

(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:

27 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: