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:

13 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:

851,401

0.25%

320,348

0.09%

(2) Cash-settled derivatives:

93,360

0.03%

46,190

0.01%

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

0

0.00%

0

0.00%

TOTAL: 

944,761

0.27%

366,538

0.11%

(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

213,767

45.4390 USD

common stock

Purchase

51,631

45.3188 USD

common stock

Purchase

43,439

45.5978 USD

common stock

Purchase

24,370

45.5676 USD

common stock

Purchase

16,288

45.2264 USD

common stock

Purchase

16,142

45.4525 USD

common stock

Purchase

15,109

45.2895 USD

common stock

Purchase

15,061

45.3500 USD

common stock

Purchase

12,432

45.3498 USD

common stock

Purchase

8,570

45.3882 USD

common stock

Purchase

8,376

45.3894 USD

common stock

Purchase

4,736

45.3685 USD

common stock

Purchase

3,818

45.3525 USD

common stock

Purchase

2,063

45.3707 USD

common stock

Purchase

1,925

45.2346 USD

common stock

Purchase

1,300

45.1269 USD

common stock

Purchase

1,234

45.5020 USD

common stock

Purchase

606

45.1186 USD

common stock

Purchase

600

45.6016 USD

common stock

Purchase

600

45.4550 USD

common stock

Purchase

509

45.1359 USD

common stock

Purchase

338

45.2900 USD

common stock

Purchase

300

45.3566 USD

common stock

Purchase

230

45.5742 USD

common stock

Purchase

200

45.4900 USD

common stock

Purchase

159

45.4025 USD

common stock

Purchase

117

45.5633 USD

common stock

Purchase

115

41.8800 EUR

common stock

Purchase

102

45.3598 USD

common stock

Purchase

100

45.1800 USD

common stock

Purchase

100

45.8800 USD

common stock

Purchase

88

45.3475 USD

common stock

Purchase

77

45.5093 USD

common stock

Purchase

77

45.3950 USD

common stock

Purchase

69

45.4400 USD

common stock

Purchase

68

45.4479 USD

common stock

Purchase

63

45.5257 USD

common stock

Purchase

50

45.4300 USD

common stock

Purchase

40

45.5350 USD

common stock

Purchase

40

45.5300 USD

common stock

Purchase

25

45.3944 USD

common stock

Purchase

20

45.5400 USD

common stock

Purchase

12

45.3700 USD

common stock

Sale

96,194

45.4010 USD

common stock

Sale

66,232

45.4664 USD

common stock

Sale

59,830

45.6082 USD

common stock

Sale

53,173

45.3212 USD

common stock

Sale

29,414

45.3500 USD

common stock

Sale

23,720

45.3498 USD

common stock

Sale

20,357

45.4494 USD

common stock

Sale

14,672

45.3607 USD

common stock

Sale

13,094

45.4903 USD

common stock

Sale

12,874

45.3124 USD

common stock

Sale

9,321

45.5009 USD

common stock

Sale

6,830

45.4909 USD

common stock

Sale

6,090

45.4393 USD

common stock

Sale

5,726

45.3860 USD

common stock

Sale

4,736

45.3685 USD

common stock

Sale

3,739

45.4779 USD

common stock

Sale

3,619

45.2301 USD

common stock

Sale

3,000

45.6760 USD

common stock

Sale

1,925

45.2346 USD

common stock

Sale

1,916

45.5548 USD

common stock

Sale

1,913

45.3715 USD

common stock

Sale

1,858

45.3946 USD

common stock

Sale

652

45.2104 USD

common stock

Sale

645

45.5331 USD

common stock

Sale

434

45.1508 USD

common stock

Sale

300

45.6633 USD

common stock

Sale

246

45.3317 USD

common stock

Sale

246

45.6243 USD

common stock

Sale

230

45.5742 USD

common stock

Sale

208

45.3189 USD

common stock

Sale

200

45.1850 USD

common stock

Sale

169

45.2900 USD

common stock

Sale

157

45.2700 USD

common stock

Sale

157

45.3000 USD

common stock

Sale

150

45.3600 USD

common stock

Sale

135

45.6000 USD

common stock

Sale

115

45.4795 USD

common stock

Sale

115

41.8800 EUR

common stock

Sale

100

45.2800 USD

common stock

Sale

100

45.8800 USD

common stock

Sale

90

45.1400 USD

common stock

Sale

88

45.3475 USD

common stock

Sale

68

45.4479 USD

common stock

Sale

50

45.4300 USD

common stock

Sale

25

45.3944 USD

common stock

Sale

15

45.4400 USD

common stock

Sale

12

45.3700 USD

common stock

Sale

12

45.2925 USD

common stock

Sale

5

45.5300 USD

common stock

Sale

1

44.8750 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

2,500

45.0000 USD

TBD

21 Jun 2024

0.9900 USD

common stock

Put Options

Purchasing

3,800

44.0000 USD

American

21 Jun 2024

0.6263 USD

common stock

Call Options

Selling

4,800

50.0000 USD

TBD

19 Jul 2024

1.3906 USD

common stock

Call Options

Selling

11,300

47.5000 USD

TBD

19 Jul 2024

0.6783 USD

common stock

Call Options

Selling

5,100

45.0000 USD

TBD

19 Jul 2024

2.5000 USD

common stock

Call Options

Selling

18,800

45.0000 USD

TBD

19 Jul 2024

1.6707 USD

common stock

Call Options

Selling

100,000

50.0000 USD

TBD

19 Jul 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:

14 Jun 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213