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:

27 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:

801,790

0.23%

489,106

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: 

1,075,533

0.31%

489,106

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

96,390

48.9519 USD

common stock

Purchase

50,587

48.8243 USD

common stock

Purchase

31,577

48.9886 USD

common stock

Purchase

29,512

48.9347 USD

common stock

Purchase

11,247

48.7968 USD

common stock

Purchase

8,784

48.7470 USD

common stock

Purchase

8,420

48.8865 USD

common stock

Purchase

7,194

48.8598 USD

common stock

Purchase

7,036

48.8274 USD

common stock

Purchase

5,890

48.9900 USD

common stock

Purchase

5,267

48.7719 USD

common stock

Purchase

4,548

48.9896 USD

common stock

Purchase

3,489

48.8177 USD

common stock

Purchase

1,807

48.9880 USD

common stock

Purchase

851

48.6145 USD

common stock

Purchase

800

48.8993 USD

common stock

Purchase

500

48.7900 USD

common stock

Purchase

246

48.8599 USD

common stock

Purchase

211

48.9000 USD

common stock

Purchase

132

48.3700 USD

common stock

Purchase

124

48.9700 USD

common stock

Purchase

100

48.9600 USD

common stock

Purchase

100

48.8500 USD

common stock

Purchase

91

48.8346 USD

common stock

Purchase

7

48.5050 USD

common stock

Sale

111,302

48.9311 USD

common stock

Sale

42,457

48.8981 USD

common stock

Sale

33,700

48.9900 USD

common stock

Sale

30,519

48.8158 USD

common stock

Sale

6,112

48.8402 USD

common stock

Sale

5,588

48.8706 USD

common stock

Sale

4,585

48.8551 USD

common stock

Sale

4,576

48.8506 USD

common stock

Sale

4,548

48.9896 USD

common stock

Sale

4,214

48.9899 USD

common stock

Sale

4,177

48.9459 USD

common stock

Sale

3,220

48.7934 USD

common stock

Sale

2,179

48.8319 USD

common stock

Sale

2,113

48.7690 USD

common stock

Sale

1,934

48.7640 USD

common stock

Sale

1,807

48.9880 USD

common stock

Sale

1,606

48.8223 USD

common stock

Sale

1,560

48.7047 USD

common stock

Sale

1,542

48.6698 USD

common stock

Sale

1,152

48.8770 USD

common stock

Sale

889

48.9274 USD

common stock

Sale

843

48.7441 USD

common stock

Sale

800

48.8993 USD

common stock

Sale

730

48.8490 USD

common stock

Sale

631

48.8072 USD

common stock

Sale

568

48.9598 USD

common stock

Sale

512

48.7003 USD

common stock

Sale

500

48.7900 USD

common stock

Sale

435

48.7121 USD

common stock

Sale

414

48.6300 USD

common stock

Sale

341

48.8859 USD

common stock

Sale

213

48.7291 USD

common stock

Sale

211

48.9000 USD

common stock

Sale

144

48.9700 USD

common stock

Sale

135

48.9800 USD

common stock

Sale

132

48.3700 USD

common stock

Sale

100

48.6400 USD

common stock

Sale

100

48.7650 USD

common stock

Sale

100

48.8500 USD

common stock

Sale

53

48.9383 USD

common stock

Sale

38

48.6900 USD

common stock

Sale

35

48.6187 USD

common stock

Sale

7

48.5050 USD

common stock

Sale

5

48.8000 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

(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:

28 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: