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:

16 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:

821,925

0.24%

457,859

0.13%

(2) Cash-settled derivatives:

368,872

0.11%

0

0.00%

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

123,800

0.04%

0

0.00%

TOTAL: 

1,314,597

0.38%

457,859

0.13%

(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

111,443

49.8067 USD

common stock

Purchase

54,449

49.7606 USD

common stock

Purchase

42,105

49.8300 USD

common stock

Purchase

34,516

49.6013 USD

common stock

Purchase

23,750

49.6360 USD

common stock

Purchase

15,251

49.5632 USD

common stock

Purchase

10,085

49.1682 USD

common stock

Purchase

9,608

49.8297 USD

common stock

Purchase

8,878

49.6985 USD

common stock

Purchase

8,457

49.6366 USD

common stock

Purchase

8,255

49.7710 USD

common stock

Purchase

5,706

49.7923 USD

common stock

Purchase

5,450

49.1074 USD

common stock

Purchase

2,773

49.2354 USD

common stock

Purchase

2,300

49.9200 USD

common stock

Purchase

2,216

49.5152 USD

common stock

Purchase

2,039

49.7251 USD

common stock

Purchase

1,815

49.9032 USD

common stock

Purchase

1,493

49.7808 USD

common stock

Purchase

1,065

49.8704 USD

common stock

Purchase

1,000

49.8505 USD

common stock

Purchase

890

49.6622 USD

common stock

Purchase

808

49.5518 USD

common stock

Purchase

743

49.7597 USD

common stock

Purchase

550

49.8581 USD

common stock

Purchase

500

49.8270 USD

common stock

Purchase

500

49.6320 USD

common stock

Purchase

500

49.1560 USD

common stock

Purchase

442

49.8401 USD

common stock

Purchase

420

49.8347 USD

common stock

Purchase

400

49.7125 USD

common stock

Purchase

300

49.7966 USD

common stock

Purchase

300

49.3183 USD

common stock

Purchase

201

49.1299 USD

common stock

Purchase

200

49.8125 USD

common stock

Purchase

200

49.9850 USD

common stock

Purchase

200

49.7500 USD

common stock

Purchase

200

49.1780 USD

common stock

Purchase

179

49.5472 USD

common stock

Purchase

100

49.0000 USD

common stock

Purchase

100

49.9100 USD

common stock

Purchase

100

49.2800 USD

common stock

Purchase

73

49.8400 USD

common stock

Purchase

39

49.7400 USD

common stock

Purchase

30

49.1000 USD

common stock

Purchase

12

49.9500 USD

common stock

Purchase

10

49.0400 USD

common stock

Purchase

10

49.4900 USD

common stock

Purchase

2

49.5975 USD

common stock

Purchase

2

49.1200 USD

common stock

Sale

100,411

49.7111 USD

common stock

Sale

32,999

49.8416 USD

common stock

Sale

32,378

49.8300 USD

common stock

Sale

23,493

49.7653 USD

common stock

Sale

22,416

49.7187 USD

common stock

Sale

20,908

49.9113 USD

common stock

Sale

18,015

49.6560 USD

common stock

Sale

14,767

49.6357 USD

common stock

Sale

10,085

49.1682 USD

common stock

Sale

9,608

49.8297 USD

common stock

Sale

8,423

49.6476 USD

common stock

Sale

7,126

49.4799 USD

common stock

Sale

6,616

49.7771 USD

common stock

Sale

6,422

49.7470 USD

common stock

Sale

5,450

49.1074 USD

common stock

Sale

4,571

49.7591 USD

common stock

Sale

4,085

49.7434 USD

common stock

Sale

3,100

49.4419 USD

common stock

Sale

2,892

49.0389 USD

common stock

Sale

2,773

49.2354 USD

common stock

Sale

2,300

49.9200 USD

common stock

Sale

2,039

49.7251 USD

common stock

Sale

1,996

49.2565 USD

common stock

Sale

1,645

49.9116 USD

common stock

Sale

1,416

49.7100 USD

common stock

Sale

1,000

49.9000 USD

common stock

Sale

976

49.4355 USD

common stock

Sale

600

49.0458 USD

common stock

Sale

597

49.8435 USD

common stock

Sale

596

49.8697 USD

common stock

Sale

577

49.7911 USD

common stock

Sale

500

49.1560 USD

common stock

Sale

488

49.8517 USD

common stock

Sale

300

49.0533 USD

common stock

Sale

300

49.3183 USD

common stock

Sale

296

48.9902 USD

common stock

Sale

201

49.1299 USD

common stock

Sale

200

49.1780 USD

common stock

Sale

200

49.9150 USD

common stock

Sale

194

49.8439 USD

common stock

Sale

147

49.0357 USD

common stock

Sale

120

49.9066 USD

common stock

Sale

102

49.0007 USD

common stock

Sale

100

49.0000 USD

common stock

Sale

100

49.8100 USD

common stock

Sale

79

49.0189 USD

common stock

Sale

58

49.0100 USD

common stock

Sale

30

49.1000 USD

common stock

Sale

13

49.9934 USD

common stock

Sale

12

49.9500 USD

common stock

Sale

10

49.0400 USD

common stock

Sale

7

49.8500 USD

common stock

Sale

5

49.2650 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

Increasing Long

4,974

49.0183 USD

common stock

SWAP

Decreasing Long

421

49.8324 USD

common stock

SWAP

Decreasing Long

2,903

49.8325 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

(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:

17 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: