Form 8.3 - International Paper Company

LONDON, May 03, 2024--(BUSINESS WIRE)--

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:		Millennium International Management LP
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree		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: For an opening position disclosure, state the latest practicable date prior to the disclosure		2nd May 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? If it is a cash offer or possible cash offer, state "N/A"		Yes, Smith (DS) plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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 (US4601461035)
		Interests				Short positions
		Number		%		Number		%
(1) Relevant securities owned and/or controlled:		1,502,053		0.432%		356,745		0.103%
(2) Cash-settled derivatives:		683		0.000%		419,467		0.121%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		302,400		0.087%		279,500		0.080%
TOTAL:		1,805,136		0.520%		1,055,712		0.304%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee 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

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit (USD)
US4601461035	Purchase	2,997	35.81
US4601461035	Sale	8,920	35.81
US4601461035	Sale	388	35.81
US4601461035	Purchase	273	35.99
US4601461035	Purchase	234	35.33
US4601461035	Purchase	678	35.22
US4601461035	Purchase	7	35.35
US4601461035	Sale	17	35.35
US4601461035	Purchase	168	35.30
US4601461035	Purchase	132	35.97
US4601461035	Purchase	693	35.34
US4601461035	Sale	1,400	35.37
US4601461035	Purchase	300	35.85
US4601461035	Purchase	34	35.82
US4601461035	Purchase	770	35.49
US4601461035	Purchase	148	35.29
US4601461035	Purchase	88	35.31
US4601461035	Sale	200	35.38
US4601461035	Purchase	100	35.52
US4601461035	Purchase	1,670	35.42
US4601461035	Purchase	142	35.94
US4601461035	Purchase	2,117	35.84
US4601461035	Purchase	211	35.91
US4601461035	Purchase	7,074	35.75
US4601461035	Purchase	300	35.54
US4601461035	Sale	300	35.83
US4601461035	Purchase	9,027	35.77
US4601461035	Purchase	56	35.23
US4601461035	Purchase	53	35.93
US4601461035	Sale	7,941	35.81
US4601461035	Purchase	1,427	35.98
US4601461035	Purchase	61	35.99
US4601461035	Purchase	180	35.97
US4601461035	Purchase	75	35.50
US4601461035	Purchase	5	35.96
US4601461035	Sale	12	35.21
US4601461035	Purchase	26	35.87
US4601461035	Purchase	26	35.85
US4601461035	Purchase	88	35.89
US4601461035	Purchase	550	36.01
US4601461035	Purchase	201	36.00
US4601461035	Purchase	6	35.61
US4601461035	Purchase	97	35.52
US4601461035	Purchase	69	35.53
US4601461035	Purchase	1	36.03
US4601461035	Purchase	33	35.95
US4601461035	Purchase	112	36.02
US4601461035	Purchase	92	35.92
US4601461035	Purchase	244	35.78
US4601461035	Purchase	19	35.91
US4601461035	Purchase	821	35.90
US4601461035	Purchase	36	35.93
US4601461035	Sale	6	35.24
US4601461035	Sale	3,365	35.81
US4601461035	Purchase	700	35.98
US4601461035	Sale	529	35.98
US4601461035	Purchase	371	35.70
US4601461035	Sale	24	35.99
US4601461035	Purchase	301	35.33
US4601461035	Sale	1,080	35.33
US4601461035	Sale	100	35.22
US4601461035	Purchase	100	35.35
US4601461035	Sale	193	35.35
US4601461035	Purchase	611	35.30
US4601461035	Sale	242	35.30
US4601461035	Sale	624	35.88
US4601461035	Sale	200	35.86
US4601461035	Purchase	3	35.34
US4601461035	Sale	1,288	35.34
US4601461035	Purchase	213	35.50
US4601461035	Purchase	200	35.37
US4601461035	Purchase	331	35.51
US4601461035	Sale	2,150	35.32
US4601461035	Purchase	604	35.87
US4601461035	Sale	1,846	35.87
US4601461035	Sale	1,581	35.85
US4601461035	Sale	48	35.89
US4601461035	Purchase	2	35.27
US4601461035	Sale	400	35.27
US4601461035	Sale	351	36.00
US4601461035	Purchase	402	35.82
US4601461035	Sale	83	35.82
US4601461035	Purchase	2	35.49
US4601461035	Purchase	304	35.71
US4601461035	Sale	300	35.26
US4601461035	Purchase	140	35.29
US4601461035	Sale	79	35.29
US4601461035	Purchase	100	35.31
US4601461035	Sale	1,258	35.31
US4601461035	Purchase	616	35.39
US4601461035	Purchase	100	35.61
US4601461035	Purchase	389	35.38
US4601461035	Purchase	167	35.52
US4601461035	Purchase	713	35.53
US4601461035	Sale	110	35.53
US4601461035	Purchase	6	35.43
US4601461035	Sale	8	35.66
US4601461035	Purchase	100	35.45
US4601461035	Purchase	1,700	35.67
US4601461035	Purchase	100	35.94
US4601461035	Sale	183	35.94
US4601461035	Purchase	8	35.41
US4601461035	Sale	64	35.41
US4601461035	Purchase	31	35.28
US4601461035	Sale	90	35.28
US4601461035	Sale	276	35.40
US4601461035	Sale	102	35.95
US4601461035	Sale	800	35.56
US4601461035	Sale	900	35.84
US4601461035	Purchase	247	35.25
US4601461035	Sale	200	35.25
US4601461035	Sale	50,865	35.69
US4601461035	Sale	500	35.92
US4601461035	Purchase	300	35.78
US4601461035	Sale	2,071	35.91
US4601461035	Sale	1,674	35.90
US4601461035	Purchase	353	35.46
US4601461035	Sale	7,074	35.75
US4601461035	Purchase	95	35.58
US4601461035	Sale	101	35.83
US4601461035	Sale	9,027	35.77
US4601461035	Sale	200	35.63
US4601461035	Purchase	290	35.23
US4601461035	Purchase	329	35.79
US4601461035	Sale	769	35.93
US4601461035	Sale	57	36.04
US4601461035	Purchase	13	35.62
US4601461035	Purchase	10	35.17
US4601461035	Purchase	100	35.64
US4601461035	Purchase	35,155	35.81
US4601461035	Sale	38,926	35.81
US4601461035	Sale	2	35.73
US4601461035	Purchase	8	35.98
US4601461035	Sale	8	35.98
US4601461035	Sale	5	35.72
US4601461035	Sale	76	35.99
US4601461035	Purchase	271	35.33
US4601461035	Sale	124	35.33
US4601461035	Sale	102	35.22
US4601461035	Purchase	15	35.35
US4601461035	Sale	949	35.35
US4601461035	Purchase	318	35.30
US4601461035	Sale	2,326	35.30
US4601461035	Sale	212	35.88
US4601461035	Sale	17	35.97
US4601461035	Sale	47	35.86
US4601461035	Purchase	50	35.34
US4601461035	Sale	5,165	35.34
US4601461035	Purchase	5	35.96
US4601461035	Sale	152	35.96
US4601461035	Sale	45	35.37
US4601461035	Sale	4	35.51
US4601461035	Purchase	964	35.32
US4601461035	Sale	710	35.32
US4601461035	Sale	1,034	35.87
US4601461035	Sale	1,539	35.85
US4601461035	Sale	2,049	35.89
US4601461035	Sale	1,425	35.27
US4601461035	Sale	2	36.00
US4601461035	Sale	72	35.82
US4601461035	Sale	1,157	35.26
US4601461035	Purchase	210	35.29
US4601461035	Sale	111	35.29
US4601461035	Purchase	229	35.31
US4601461035	Sale	3,979	35.31
US4601461035	Sale	492	35.39
US4601461035	Purchase	11	35.38
US4601461035	Sale	142	35.38
US4601461035	Sale	11	35.52
US4601461035	Purchase	1,557	35.53
US4601461035	Sale	1,545	35.53
US4601461035	Purchase	100	35.43
US4601461035	Sale	218	35.43
US4601461035	Purchase	48	35.42
US4601461035	Sale	516	35.42
US4601461035	Purchase	12	35.45
US4601461035	Sale	99	35.45
US4601461035	Sale	323	35.94
US4601461035	Purchase	100	35.28
US4601461035	Sale	856	35.28
US4601461035	Purchase	2	35.40
US4601461035	Sale	899	35.40
US4601461035	Sale	711	35.95
US4601461035	Purchase	50	35.36
US4601461035	Sale	262	35.36
US4601461035	Sale	100	36.02
US4601461035	Purchase	500	35.84
US4601461035	Sale	568	35.84
US4601461035	Sale	543	35.25
US4601461035	Sale	1	35.57
US4601461035	Sale	237	35.91
US4601461035	Sale	17	35.20
US4601461035	Sale	6	35.16
US4601461035	Purchase	39	35.90
US4601461035	Sale	78	35.90
US4601461035	Sale	164	35.46
US4601461035	Sale	4	35.75
US4601461035	Purchase	32	35.58
US4601461035	Sale	44	35.58
US4601461035	Purchase	1	35.83
US4601461035	Sale	1,454	35.83
US4601461035	Sale	100	35.14
US4601461035	Sale	6	35.77
US4601461035	Sale	9	35.63
US4601461035	Sale	59	35.23
US4601461035	Sale	63	35.79
US4601461035	Sale	54	35.93
US4601461035	Sale	9	35.74
US4601461035	Purchase	109	35.44
US4601461035	Sale	96	35.44
US4601461035	Sale	143	35.24
US4601461035	Purchase	40,661	35.81
US4601461035	Sale	4,957	35.81
US4601461035	Purchase	200	35.73
US4601461035	Purchase	8,524	35.98
US4601461035	Purchase	106	35.70
US4601461035	Purchase	532	35.72
US4601461035	Purchase	1,802	35.99
US4601461035	Purchase	387	35.33
US4601461035	Sale	209	35.33
US4601461035	Sale	20	35.22
US4601461035	Purchase	52	35.35
US4601461035	Sale	7,816	35.35
US4601461035	Purchase	351	35.30
US4601461035	Sale	2,400	35.30
US4601461035	Purchase	6,525	35.88
US4601461035	Sale	1,734	35.88
US4601461035	Purchase	16,493	35.97
US4601461035	Sale	2,230	35.97
US4601461035	Purchase	14,279	35.86
US4601461035	Sale	448	35.86
US4601461035	Purchase	536	35.34
US4601461035	Sale	9,050	35.34
US4601461035	Purchase	5	35.50
US4601461035	Purchase	2,798	35.96
US4601461035	Sale	443	35.96
US4601461035	Purchase	71	35.37
US4601461035	Sale	2,812	35.37
US4601461035	Purchase	412	35.51
US4601461035	Purchase	51	35.32
US4601461035	Sale	688	35.32
US4601461035	Purchase	17,745	35.87
US4601461035	Purchase	1,750	35.85
US4601461035	Sale	509	35.85
US4601461035	Purchase	1,205	35.89
US4601461035	Purchase	148	35.27
US4601461035	Purchase	3,160	36.01
US4601461035	Purchase	2,218	36.00
US4601461035	Purchase	442	35.82
US4601461035	Sale	100	35.82
US4601461035	Purchase	158	35.49
US4601461035	Sale	770	35.49
US4601461035	Purchase	1,685	35.71
US4601461035	Purchase	1,855	35.80
US4601461035	Purchase	65	35.26
US4601461035	Purchase	110	35.29
US4601461035	Sale	1,046	35.29
US4601461035	Purchase	85	35.31
US4601461035	Sale	1,718	35.31
US4601461035	Purchase	42	35.39
US4601461035	Sale	1,500	35.39
US4601461035	Purchase	1,686	35.38
US4601461035	Purchase	429	35.52
US4601461035	Purchase	1,098	35.53
US4601461035	Purchase	16	35.43
US4601461035	Sale	200	35.43
US4601461035	Purchase	8	35.66
US4601461035	Sale	168	35.42
US4601461035	Purchase	1,698	36.03
US4601461035	Purchase	54	35.45
US4601461035	Purchase	3,247	35.94
US4601461035	Sale	6,273	35.94
US4601461035	Purchase	8	35.28
US4601461035	Sale	795	35.28
US4601461035	Sale	100	35.40
US4601461035	Purchase	6,755	35.95
US4601461035	Sale	1,487	35.95
US4601461035	Purchase	47	35.36
US4601461035	Sale	3,843	35.36
US4601461035	Purchase	377	36.02
US4601461035	Purchase	29,517	35.84
US4601461035	Sale	1,614	35.84
US4601461035	Purchase	188	35.48
US4601461035	Purchase	291	35.25
US4601461035	Purchase	50,865	35.69
US4601461035	Purchase	29,046	35.92
US4601461035	Sale	4,830	35.92
US4601461035	Purchase	87	35.47
US4601461035	Purchase	1,300	35.78
US4601461035	Purchase	2,512	35.91
US4601461035	Sale	1,253	35.91
US4601461035	Purchase	8,529	35.90
US4601461035	Purchase	16	35.46
US4601461035	Purchase	136	35.75
US4601461035	Purchase	119	35.54
US4601461035	Purchase	100	35.59
US4601461035	Purchase	500	35.76
US4601461035	Purchase	312	35.83
US4601461035	Sale	451	35.83
US4601461035	Purchase	705	35.77
US4601461035	Purchase	4,633	35.93
US4601461035	Sale	4,777	35.93
US4601461035	Purchase	200	36.04
US4601461035	Purchase	105	35.55
US4601461035	Purchase	800	35.74
US4601461035	Purchase	100	36.06
US4601461035	Sale	40	35.81
US4601461035	Sale	11	35.99
US4601461035	Sale	42	35.97
US4601461035	Sale	4	35.96
US4601461035	Sale	32	35.89
US4601461035	Sale	1	35.80
US4601461035	Purchase	140	35.81
US4601461035	Sale	55	35.81
US4601461035	Sale	2,511	35.81
US4601461035	Sale	79	35.33
US4601461035	Sale	197	35.35
US4601461035	Sale	2	35.50
US4601461035	Sale	367	35.51
US4601461035	Sale	7	35.32
US4601461035	Sale	727	35.29
US4601461035	Sale	24	35.39
US4601461035	Sale	202	35.61
US4601461035	Sale	100	35.38
US4601461035	Sale	200	35.43
US4601461035	Sale	20	35.42
US4601461035	Sale	12	35.41
US4601461035	Sale	6	35.40
US4601461035	Sale	39	35.48
US4601461035	Sale	100	35.25
US4601461035	Sale	6	35.59
US4601461035	Sale	202	35.23
US4601461035	Purchase	4,801	35.81
US4601461035	Purchase	539	35.81
US4601461035	Purchase	2,291	35.72
US4601461035	Sale	29	35.97
US4601461035	Sale	242	35.86
US4601461035	Purchase	40	35.34
US4601461035	Sale	1	35.37
US4601461035	Sale	600	35.89
US4601461035	Purchase	241	35.82
US4601461035	Sale	10	35.80
US4601461035	Sale	684	35.61
US4601461035	Sale	987	35.66
US4601461035	Sale	3,681	35.42
US4601461035	Sale	7,744	35.67
US4601461035	Purchase	120	35.28
US4601461035	Purchase	2,767	35.36
US4601461035	Sale	40	35.36
US4601461035	Sale	3,234	35.92
US4601461035	Sale	1,141	35.60
US4601461035	Sale	47	35.63
US4601461035	Sale	723	35.62

(b) Cash-settled derivative transactions

Class of relevant security		Product description e.g. CFD		Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position		Number of reference securities		Price per unit
US4601461035		Equity Swap		Increasing a short position		43,936		27.88 GBP
US4601461035		Equity Swap		Increasing a short position		38,550		28.31 GBP
US4601461035		Equity Swap		Increasing a long position		225		35.27 USD

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit (USD)	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit (USD)

(d) Other dealings (including subscribing for new securities)

Class of relevant security		Nature of dealing e.g. subscription, conversion		Details		Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:		3rd May 2024
Contact name:		Stephen Glasper
Telephone number:		+44 203 398 2166

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Full name of person making disclosure:	Millennium International Management LP
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	International Paper Company

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit (USD)	Type e.g. American, European etc.	Expiry date
US4601461035	Call Option	Purchased	100	35.00	American	1/17/2025
US4601461035	Call Option	Purchased	300	40.00	American	1/17/2025
US4601461035	Put Option	Purchased	800	32.50	American	1/17/2025
US4601461035	Call Option	Purchased	800	35.00	American	6/21/2024
US4601461035	Call Option	Purchased	250,000	40.00	American	10/18/2024
US4601461035	Call Option	Written	250,000	45.00	American	10/18/2024
US4601461035	Put Option	Purchased	1,200	45.00	American	7/19/2024
US4601461035	Put Option	Purchased	27,000	45.00	American	7/19/2024
US4601461035	Call Option	Purchased	25,000	45.00	American	5/17/2025
US4601461035	Put Option	Purchased	26,700	45.00	American	5/17/2025

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:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240503085191/en/

Contacts

Millennium Partners, L.P.