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:

12 Sep 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:

822,449

0.24%

489,348

0.14%

(2) Cash-settled derivatives:

367,532

0.11%

0

0.00%

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

123,800

0.04%

0

0.00%

TOTAL: 

1,313,781

0.38%

489,348

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

94,182

47.6893 USD

common stock

Purchase

37,014

47.8652 USD

common stock

Purchase

31,084

47.9400 USD

common stock

Purchase

30,029

47.8281 USD

common stock

Purchase

11,950

47.6316 USD

common stock

Purchase

10,189

47.8679 USD

common stock

Purchase

7,928

47.6765 USD

common stock

Purchase

6,626

47.7004 USD

common stock

Purchase

6,289

47.5025 USD

common stock

Purchase

1,920

47.6270 USD

common stock

Purchase

1,916

47.3716 USD

common stock

Purchase

1,283

47.6770 USD

common stock

Purchase

1,185

47.4602 USD

common stock

Purchase

1,028

47.4164 USD

common stock

Purchase

706

47.3500 USD

common stock

Purchase

669

47.5593 USD

common stock

Purchase

646

47.5612 USD

common stock

Purchase

597

47.5021 USD

common stock

Purchase

386

47.6378 USD

common stock

Purchase

300

48.0167 USD

common stock

Purchase

295

47.5901 USD

common stock

Purchase

292

47.6415 USD

common stock

Purchase

255

47.5349 USD

common stock

Purchase

189

47.6152 USD

common stock

Purchase

169

47.7878 USD

common stock

Purchase

150

47.6683 USD

common stock

Purchase

140

47.3085 USD

common stock

Purchase

134

47.6068 USD

common stock

Purchase

43

42.8600 EUR

common stock

Purchase

4

47.3400 USD

common stock

Purchase

2

47.5500 USD

common stock

Sale

39,412

47.8335 USD

common stock

Sale

34,131

47.9400 USD

common stock

Sale

28,542

47.6622 USD

common stock

Sale

28,253

47.6926 USD

common stock

Sale

25,312

47.9216 USD

common stock

Sale

13,019

47.7625 USD

common stock

Sale

12,617

47.6391 USD

common stock

Sale

11,811

47.6335 USD

common stock

Sale

11,252

47.6555 USD

common stock

Sale

8,514

47.5728 USD

common stock

Sale

6,010

47.5191 USD

common stock

Sale

5,676

47.9382 USD

common stock

Sale

4,615

47.7315 USD

common stock

Sale

4,004

47.5415 USD

common stock

Sale

3,825

47.9058 USD

common stock

Sale

2,011

47.6290 USD

common stock

Sale

1,920

47.6270 USD

common stock

Sale

1,916

47.3716 USD

common stock

Sale

1,018

47.7897 USD

common stock

Sale

892

47.4489 USD

common stock

Sale

701

47.4336 USD

common stock

Sale

600

47.3100 USD

common stock

Sale

541

47.8234 USD

common stock

Sale

414

47.5417 USD

common stock

Sale

408

47.8592 USD

common stock

Sale

300

47.5100 USD

common stock

Sale

300

48.0167 USD

common stock

Sale

292

47.6415 USD

common stock

Sale

257

47.7578 USD

common stock

Sale

218

47.9459 USD

common stock

Sale

200

47.8050 USD

common stock

Sale

169

47.7878 USD

common stock

Sale

150

47.6683 USD

common stock

Sale

101

47.3009 USD

common stock

Sale

100

47.8300 USD

common stock

Sale

70

47.3086 USD

common stock

Sale

70

47.3085 USD

common stock

Sale

43

42.8600 EUR

common stock

Sale

2

47.9300 USD

common stock

Sale

1

48.0150 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

common stock

SWAP

Decreasing Long

4,513

47.9424 USD

(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

Put Options

Purchasing

50,000

48.0000 USD

American

20 Jun 2025

4.0000 USD

common stock

Call Options

Purchasing

50,000

53.0000 USD

American

20 Jun 2025

2.2500 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?

YES

Date of disclosure:

13 Sep 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: