Form 8.3 - International Paper Company

LONDON, April 25, 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		24th April 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:		787,329		0.227%		1,752,876		0.505%
(2) Cash-settled derivatives:		-		-		247,208		0.071%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		302,400		0.087%		279,500		0.080%
TOTAL:		1,089,729		0.314%		2,279,584		0.656%

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	Sale	859	34.06
US4601461035	Sale	6	34.20
US4601461035	Sale	128	34.26
US4601461035	Sale	5	34.22
US4601461035	Sale	3	34.18
US4601461035	Sale	17	34.05
US4601461035	Sale	6	34.23
US4601461035	Purchase	2,508	34.43
US4601461035	Sale	307	34.25
US4601461035	Sale	6	34.15
US4601461035	Sale	35	34.24
US4601461035	Sale	3	34.28
US4601461035	Sale	5	34.04
US4601461035	Sale	331	34.21
US4601461035	Sale	372	33.98
US4601461035	Sale	74	34.11
US4601461035	Sale	351	34.14
US4601461035	Purchase	32,381	34.43
US4601461035	Purchase	23	34.41
US4601461035	Purchase	9,455	34.28
US4601461035	Purchase	13,852	34.12
US4601461035	Purchase	5	34.39
US4601461035	Sale	209	34.47
US4601461035	Purchase	263	34.09
US4601461035	Purchase	71	34.38
US4601461035	Purchase	40	34.37
US4601461035	Purchase	1,552	34.43
US4601461035	Sale	2,508	34.43
US4601461035	Purchase	773	34.34
US4601461035	Purchase	38	34.36
US4601461035	Purchase	100	34.39
US4601461035	Purchase	1	34.37
US4601461035	Sale	5	33.96
US4601461035	Purchase	509	34.06
US4601461035	Purchase	4,033	34.31
US4601461035	Purchase	2,218	34.10
US4601461035	Purchase	208	34.00
US4601461035	Sale	2,083	34.45
US4601461035	Purchase	1,023	34.32
US4601461035	Sale	100	34.32
US4601461035	Purchase	10	34.20
US4601461035	Purchase	1,228	34.26
US4601461035	Purchase	419	34.30
US4601461035	Purchase	799	34.13
US4601461035	Purchase	374	34.22
US4601461035	Purchase	610	34.18
US4601461035	Purchase	760	34.23
US4601461035	Sale	15,198	34.43
US4601461035	Sale	2,687	34.41
US4601461035	Sale	720	34.40
US4601461035	Purchase	873	34.25
US4601461035	Purchase	2,308	34.33
US4601461035	Purchase	300	34.35
US4601461035	Purchase	680	34.34
US4601461035	Purchase	4,465	34.29
US4601461035	Sale	197	34.29
US4601461035	Purchase	4,392	34.15
US4601461035	Purchase	19	34.24
US4601461035	Purchase	944	34.28
US4601461035	Sale	30	34.28
US4601461035	Purchase	100	34.08
US4601461035	Purchase	1,851	34.27
US4601461035	Purchase	2,037	34.12
US4601461035	Purchase	2	34.21
US4601461035	Sale	3,338	34.42
US4601461035	Purchase	350	34.36
US4601461035	Sale	123	34.36
US4601461035	Purchase	1,008	34.16
US4601461035	Purchase	572	34.11
US4601461035	Sale	224	34.39
US4601461035	Sale	312	34.47
US4601461035	Purchase	1,958	34.09
US4601461035	Purchase	3,051	34.14
US4601461035	Purchase	174	34.46
US4601461035	Sale	300	34.46
US4601461035	Purchase	176	34.38
US4601461035	Sale	612	34.44
US4601461035	Purchase	3,166	34.19
US4601461035	Purchase	100	34.37
US4601461035	Sale	271	34.37
US4601461035	Purchase	3,340	34.17
US4601461035	Sale	103	34.49
US4601461035	Purchase	189	34.03
US4601461035	Purchase	100	33.93
US4601461035	Sale	243	34.06
US4601461035	Purchase	3	34.31
US4601461035	Sale	3,277	34.31
US4601461035	Purchase	34	34.10
US4601461035	Sale	2,000	34.10
US4601461035	Purchase	9	34.02
US4601461035	Sale	598	34.02
US4601461035	Purchase	144	34.00
US4601461035	Sale	321	34.00
US4601461035	Sale	300	34.45
US4601461035	Sale	10	34.51
US4601461035	Purchase	3	34.32
US4601461035	Sale	5,503	34.32
US4601461035	Purchase	7	34.20
US4601461035	Sale	2,085	34.20
US4601461035	Purchase	15	34.26
US4601461035	Sale	3,605	34.26
US4601461035	Purchase	31	34.30
US4601461035	Sale	2,171	34.30
US4601461035	Purchase	32	34.13
US4601461035	Sale	413	34.13
US4601461035	Sale	1,700	34.22
US4601461035	Sale	124	34.18
US4601461035	Purchase	2	34.05
US4601461035	Sale	2,153	34.05
US4601461035	Sale	1,177	34.23
US4601461035	Purchase	10,461	34.43
US4601461035	Sale	60,561	34.43
US4601461035	Sale	23	34.41
US4601461035	Sale	1,442	34.40
US4601461035	Purchase	11	34.25
US4601461035	Sale	4,435	34.25
US4601461035	Sale	1,846	34.33
US4601461035	Sale	3,510	34.35
US4601461035	Purchase	3	34.34
US4601461035	Sale	1,357	34.34
US4601461035	Purchase	2	34.29
US4601461035	Sale	1,852	34.29
US4601461035	Sale	1,334	34.15
US4601461035	Purchase	346	34.01
US4601461035	Sale	200	34.01
US4601461035	Purchase	7	34.24
US4601461035	Sale	1,038	34.24
US4601461035	Purchase	2	34.28
US4601461035	Sale	2,484	34.28
US4601461035	Purchase	3	34.08
US4601461035	Sale	100	34.08
US4601461035	Purchase	10	34.27
US4601461035	Sale	1,699	34.27
US4601461035	Purchase	2	34.04
US4601461035	Sale	100	34.04
US4601461035	Purchase	25	34.12
US4601461035	Sale	800	34.12
US4601461035	Purchase	7	34.21
US4601461035	Sale	400	34.21
US4601461035	Purchase	1	34.42
US4601461035	Sale	200	34.42
US4601461035	Purchase	8	34.36
US4601461035	Sale	3,105	34.36
US4601461035	Purchase	59	34.16
US4601461035	Sale	768	34.16
US4601461035	Sale	220	33.98
US4601461035	Purchase	20	34.11
US4601461035	Sale	4,404	34.11
US4601461035	Sale	82	33.99
US4601461035	Sale	171	34.39
US4601461035	Purchase	1,084	34.47
US4601461035	Sale	638	34.47
US4601461035	Purchase	13	34.09
US4601461035	Sale	500	34.09
US4601461035	Purchase	4	34.07
US4601461035	Sale	608	34.07
US4601461035	Purchase	32	34.14
US4601461035	Sale	600	34.14
US4601461035	Sale	70	34.38
US4601461035	Sale	200	34.44
US4601461035	Sale	1,679	34.19
US4601461035	Sale	4,366	34.37
US4601461035	Sale	2,239	34.17
US4601461035	Sale	100	34.03
US4601461035	Sale	100	34.54
US4601461035	Sale	498	34.06
US4601461035	Sale	6,120	34.31
US4601461035	Sale	300	34.10
US4601461035	Sale	73	34.02
US4601461035	Sale	100	34.00
US4601461035	Sale	13,779	34.45
US4601461035	Sale	600	34.51
US4601461035	Sale	56,306	34.32
US4601461035	Sale	100	34.20
US4601461035	Sale	787	34.26
US4601461035	Sale	1,951	34.30
US4601461035	Sale	3,978	34.13
US4601461035	Sale	1,064	34.22
US4601461035	Sale	206	34.18
US4601461035	Sale	305	34.05
US4601461035	Sale	3,532	34.23
US4601461035	Purchase	243,107	34.43
US4601461035	Sale	14,168	34.43
US4601461035	Sale	6,141	34.41
US4601461035	Sale	7,503	34.40
US4601461035	Sale	2,106	34.25
US4601461035	Sale	12,389	34.33
US4601461035	Sale	6,815	34.35
US4601461035	Sale	2,622	34.34
US4601461035	Sale	5,127	34.29
US4601461035	Sale	800	34.15
US4601461035	Sale	16,600	34.24
US4601461035	Sale	11,997	34.28
US4601461035	Sale	973	34.08
US4601461035	Sale	1,651	34.27
US4601461035	Sale	300	34.04
US4601461035	Sale	16,797	34.12
US4601461035	Sale	312	34.21
US4601461035	Sale	8,049	34.42
US4601461035	Sale	5,636	34.36
US4601461035	Sale	675	34.16
US4601461035	Sale	285	33.98
US4601461035	Sale	727	34.11
US4601461035	Sale	7,389	34.39
US4601461035	Sale	1,102	34.47
US4601461035	Sale	594	34.09
US4601461035	Sale	1,056	34.07
US4601461035	Sale	3,351	34.14
US4601461035	Sale	2,337	34.46
US4601461035	Sale	550	34.38
US4601461035	Sale	7,844	34.44
US4601461035	Sale	801	34.19
US4601461035	Sale	1,874	34.37
US4601461035	Sale	500	34.17
US4601461035	Sale	300	34.49
US4601461035	Sale	100	34.03
US4601461035	Sale	200	34.48
US4601461035	Sale	6	33.95
US4601461035	Sale	100	34.52
US4601461035	Sale	900	34.50
US4601461035	Sale	199,869	34.43
US4601461035	Purchase	18	34.24
US4601461035	Sale	116	34.43
US4601461035	Sale	42,722	34.43
US4601461035	Purchase	320	34.06
US4601461035	Sale	15,480	34.31
US4601461035	Purchase	88	34.20
US4601461035	Sale	61	34.22
US4601461035	Sale	1,348	34.18
US4601461035	Purchase	3,879	34.23
US4601461035	Sale	678	34.43
US4601461035	Purchase	2,094	34.41
US4601461035	Sale	1,000	34.24
US4601461035	Purchase	1,083	34.27
US4601461035	Purchase	241	34.12
US4601461035	Purchase	289	34.09
US4601461035	Purchase	3,968	34.17

(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		Reducing a long position		292		34.20 USD
US4601461035		Equity Swap		Closing a long position		1,504		34.24 USD
US4601461035		Equity Swap		Opening a short position		177		34.31 USD
US4601461035		Equity Swap		Closing a long position		540		34.34 USD
US4601461035		Equity Swap		Closing a long position		915		34.14 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:		25th April 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/20240425567760/en/

Contacts

Millennium Partners, L.P.