Form 8.3 - International Paper Company

LONDON, June 26, 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		25th June 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:		2,553,030		0.749%		2,062,633		0.594%
(2) Cash-settled derivatives:						204,926		0.059%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		322,200		0.093%		2,000		0.001%
TOTAL:		2,924,205		0.842%		2,269,559		0.653%

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	48,823	46.59
US4601461035	Purchase	48,823	46.59
US4601461035	Purchase	2	47.24
US4601461035	Purchase	618	46.51
US4601461035	Purchase	52	47.32
US4601461035	Purchase	487	47.14
US4601461035	Purchase	4,108	46.59
US4601461035	Sale	4,794	46.59
US4601461035	Purchase	2,942	46.98
US4601461035	Purchase	2	47.25
US4601461035	Purchase	800	46.97
US4601461035	Purchase	873	46.84
US4601461035	Sale	4	46.84
US4601461035	Purchase	131	46.94
US4601461035	Purchase	710	47.19
US4601461035	Purchase	141	47.17
US4601461035	Sale	1	46.60
US4601461035	Purchase	2,105	46.93
US4601461035	Purchase	76	46.85
US4601461035	Purchase	393	46.86
US4601461035	Purchase	51	47.21
US4601461035	Purchase	1,012	46.83
US4601461035	Purchase	241	47.29
US4601461035	Purchase	35	46.80
US4601461035	Purchase	100	46.82
US4601461035	Purchase	81	47.02
US4601461035	Purchase	336	46.95
US4601461035	Purchase	140	46.79
US4601461035	Purchase	32	47.00
US4601461035	Purchase	15,248	46.92
US4601461035	Purchase	142	46.57
US4601461035	Purchase	615	46.56
US4601461035	Sale	2	46.56
US4601461035	Purchase	834	46.48
US4601461035	Purchase	600	46.46
US4601461035	Purchase	7,185	46.40
US4601461035	Purchase	687	46.41
US4601461035	Purchase	39	46.38
US4601461035	Purchase	6,849	46.53
US4601461035	Purchase	109	46.39
US4601461035	Sale	8	46.39
US4601461035	Purchase	106	46.58
US4601461035	Purchase	83	46.37
US4601461035	Sale	3	46.50
US4601461035	Purchase	623	46.44
US4601461035	Purchase	1,035	46.43
US4601461035	Purchase	187	46.45
US4601461035	Purchase	153	46.52
US4601461035	Purchase	543	46.61
US4601461035	Sale	2	47.24
US4601461035	Sale	5	46.51
US4601461035	Sale	652	47.20
US4601461035	Sale	100	47.14
US4601461035	Purchase	10,669	46.59
US4601461035	Sale	74	46.59
US4601461035	Sale	100	47.15
US4601461035	Sale	200	46.84
US4601461035	Sale	5,288	46.90
US4601461035	Sale	38	46.94
US4601461035	Sale	1	47.34
US4601461035	Sale	3	46.60
US4601461035	Sale	17	46.85
US4601461035	Sale	21	46.86
US4601461035	Sale	2,639	46.83
US4601461035	Sale	20	46.80
US4601461035	Sale	47	46.81
US4601461035	Sale	10	46.88
US4601461035	Sale	5	46.76
US4601461035	Sale	10	46.73
US4601461035	Sale	50	46.78
US4601461035	Sale	10	46.92
US4601461035	Sale	16	46.57
US4601461035	Sale	20	46.49
US4601461035	Sale	327	46.56
US4601461035	Sale	385	46.48
US4601461035	Sale	20	46.46
US4601461035	Sale	1,228	46.40
US4601461035	Sale	162	46.54
US4601461035	Sale	351	46.47
US4601461035	Sale	671	46.41
US4601461035	Sale	930	46.38
US4601461035	Sale	18	46.53
US4601461035	Sale	4,885	46.39
US4601461035	Sale	15	46.55
US4601461035	Sale	41	46.58
US4601461035	Sale	571	46.37
US4601461035	Sale	100	46.50
US4601461035	Sale	303	46.36
US4601461035	Sale	569	46.42
US4601461035	Sale	140	46.34
US4601461035	Sale	771	46.44
US4601461035	Sale	120	46.43
US4601461035	Sale	115	46.45
US4601461035	Sale	204	46.35
US4601461035	Sale	109	46.52
US4601461035	Sale	9	46.65
US4601461035	Purchase	87	47.24
US4601461035	Purchase	300	47.35
US4601461035	Purchase	500	47.33
US4601461035	Sale	2,467	46.51
US4601461035	Sale	11,373	46.59
US4601461035	Sale	26	47.15
US4601461035	Sale	483	47.10
US4601461035	Sale	100	47.09
US4601461035	Sale	100	46.84
US4601461035	Purchase	645	47.13
US4601461035	Purchase	200	47.34
US4601461035	Purchase	100	47.22
US4601461035	Sale	32	47.17
US4601461035	Sale	1	47.16
US4601461035	Sale	159	47.11
US4601461035	Sale	4,297	46.93
US4601461035	Sale	2,321	46.85
US4601461035	Sale	578	46.91
US4601461035	Sale	3,489	46.86
US4601461035	Sale	206	46.83
US4601461035	Sale	1,565	46.89
US4601461035	Purchase	408	47.31
US4601461035	Sale	200	46.80
US4601461035	Sale	731	46.81
US4601461035	Sale	3,008	46.82
US4601461035	Sale	2,010	46.88
US4601461035	Sale	200	47.07
US4601461035	Purchase	458	47.28
US4601461035	Sale	100	46.76
US4601461035	Purchase	81	46.87
US4601461035	Sale	6,775	46.87
US4601461035	Sale	400	46.96
US4601461035	Sale	222	46.77
US4601461035	Sale	3,103	46.49
US4601461035	Sale	1,028	46.48
US4601461035	Sale	1,554	46.46
US4601461035	Sale	710	46.40
US4601461035	Sale	109	46.54
US4601461035	Sale	3,523	46.47
US4601461035	Sale	2,068	46.33
US4601461035	Sale	610	46.39
US4601461035	Sale	475	46.55
US4601461035	Sale	11	46.58
US4601461035	Sale	400	46.37
US4601461035	Sale	24	46.62
US4601461035	Sale	226	46.50
US4601461035	Sale	155	46.36
US4601461035	Sale	8,158	46.42
US4601461035	Sale	13,257	46.44
US4601461035	Sale	3,502	46.43
US4601461035	Sale	617	46.45
US4601461035	Sale	551	46.52
US4601461035	Sale	200	46.61
US4601461035	Sale	11	46.71
US4601461035	Purchase	67	46.51
US4601461035	Sale	36	46.51
US4601461035	Purchase	3	47.20
US4601461035	Purchase	3	47.14
US4601461035	Purchase	69,653	46.59
US4601461035	Sale	14,306	46.59
US4601461035	Sale	84	47.10
US4601461035	Sale	635	46.98
US4601461035	Sale	5	46.97
US4601461035	Purchase	138	46.84
US4601461035	Sale	300	46.84
US4601461035	Purchase	1	47.13
US4601461035	Sale	1,055	47.13
US4601461035	Purchase	238	46.90
US4601461035	Purchase	5	46.94
US4601461035	Sale	11	46.94
US4601461035	Purchase	5	47.22
US4601461035	Purchase	19	46.93
US4601461035	Purchase	191	46.85
US4601461035	Sale	138	46.85
US4601461035	Purchase	154	46.91
US4601461035	Sale	127	46.91
US4601461035	Purchase	959	46.86
US4601461035	Purchase	33	47.21
US4601461035	Sale	9	47.21
US4601461035	Purchase	522	46.89
US4601461035	Purchase	2	46.81
US4601461035	Sale	38	46.81
US4601461035	Purchase	29	46.82
US4601461035	Sale	240	46.82
US4601461035	Purchase	48	46.88
US4601461035	Sale	220	46.88
US4601461035	Sale	126	47.02
US4601461035	Purchase	18	47.07
US4601461035	Sale	9,217	46.95
US4601461035	Purchase	4	46.76
US4601461035	Sale	100	46.73
US4601461035	Purchase	693	46.87
US4601461035	Sale	69	46.87
US4601461035	Purchase	1	46.96
US4601461035	Sale	408	46.96
US4601461035	Purchase	702	46.78
US4601461035	Purchase	485	46.92
US4601461035	Sale	200	46.92
US4601461035	Sale	66	47.01
US4601461035	Purchase	19	47.03
US4601461035	Purchase	4	46.57
US4601461035	Sale	141	46.57
US4601461035	Sale	100	46.56
US4601461035	Purchase	24	46.48
US4601461035	Sale	385	46.48
US4601461035	Sale	200	46.46
US4601461035	Purchase	79	46.40
US4601461035	Sale	130	46.40
US4601461035	Purchase	24	46.54
US4601461035	Purchase	26	46.47
US4601461035	Sale	508	46.47
US4601461035	Purchase	60	46.41
US4601461035	Sale	642	46.41
US4601461035	Purchase	623	46.38
US4601461035	Sale	1,329	46.38
US4601461035	Sale	117	46.64
US4601461035	Purchase	1,762	46.39
US4601461035	Sale	528	46.39
US4601461035	Purchase	8	46.37
US4601461035	Sale	100	46.62
US4601461035	Sale	28	47.08
US4601461035	Purchase	3	46.50
US4601461035	Sale	314	46.50
US4601461035	Purchase	340	46.36
US4601461035	Sale	600	46.42
US4601461035	Sale	391	46.44
US4601461035	Purchase	14	46.43
US4601461035	Sale	47	46.43
US4601461035	Sale	100	46.35
US4601461035	Sale	64	46.52
US4601461035	Purchase	5	46.61
US4601461035	Sale	62	46.51
US4601461035	Purchase	13,012	46.59
US4601461035	Sale	4	46.59
US4601461035	Purchase	59	47.10
US4601461035	Purchase	910	47.09
US4601461035	Purchase	6,971	46.84
US4601461035	Purchase	300	46.75
US4601461035	Purchase	270	47.13
US4601461035	Purchase	52	46.90
US4601461035	Purchase	28	47.17
US4601461035	Purchase	1,667	46.85
US4601461035	Purchase	2,157	46.91
US4601461035	Purchase	21,154	46.83
US4601461035	Purchase	39	46.89
US4601461035	Purchase	182	46.80
US4601461035	Purchase	1,213	46.81
US4601461035	Purchase	11,930	46.82
US4601461035	Purchase	572	46.88
US4601461035	Purchase	166	47.02
US4601461035	Purchase	787	46.76
US4601461035	Purchase	142	46.87
US4601461035	Purchase	207	46.74
US4601461035	Purchase	373	46.79
US4601461035	Purchase	453	46.78
US4601461035	Sale	700	46.78
US4601461035	Purchase	1,785	46.77
US4601461035	Sale	6	46.77
US4601461035	Purchase	77	46.92
US4601461035	Sale	6	46.57
US4601461035	Sale	6	46.49
US4601461035	Sale	625	46.48
US4601461035	Sale	2	46.40
US4601461035	Sale	44	46.54
US4601461035	Sale	1	46.38
US4601461035	Sale	6,767	46.53
US4601461035	Sale	127	46.55
US4601461035	Sale	80	46.58
US4601461035	Sale	9	46.44
US4601461035	Sale	3	46.43
US4601461035	Sale	74	46.52
US4601461035	Sale	3	46.61
US4601461035	Purchase	6,000	46.63
US4601461035	Purchase	5,492	46.59
US4601461035	Purchase	200	46.98
US4601461035	Purchase	48	46.60
US4601461035	Purchase	356	46.93
US4601461035	Purchase	4	46.85
US4601461035	Purchase	2	46.86
US4601461035	Purchase	2	46.89
US4601461035	Purchase	25	46.80
US4601461035	Purchase	260	46.82
US4601461035	Purchase	540	46.88
US4601461035	Purchase	40	46.79
US4601461035	Purchase	6	47.00
US4601461035	Purchase	6	46.57
US4601461035	Purchase	300	46.56
US4601461035	Purchase	447	46.48
US4601461035	Purchase	80	46.46
US4601461035	Purchase	100	46.72
US4601461035	Purchase	100	46.40
US4601461035	Purchase	85	46.44
US4601461035	Purchase	502	46.43
US4601461035	Purchase	1	46.35
US4601461035	Purchase	27	46.52
US4601461035	Purchase	39	46.61
US4601461035	Sale	7,649	46.59
US4601461035	Purchase	4,403	46.59
US4601461035	Sale	3,985	46.59
US4601461035	Purchase	116	46.90
US4601461035	Purchase	16	46.94
US4601461035	Purchase	46	46.85
US4601461035	Purchase	4	46.91
US4601461035	Purchase	127	46.86
US4601461035	Purchase	675	46.89
US4601461035	Purchase	52	46.87
US4601461035	Purchase	22	46.92
US4601461035	Sale	66,238	46.59
US4601461035	Purchase	40	46.71
US4601461035	Sale	80	46.51
US4601461035	Purchase	88	47.14
US4601461035	Sale	40	46.59
US4601461035	Sale	40	46.98
US4601461035	Purchase	104	46.97
US4601461035	Purchase	40	46.75
US4601461035	Sale	40	46.60

(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

(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?

YES

Date of disclosure:		26th June 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	Put Option	Purchased	1,200	35.00	American	7/19/2024
US4601461035	Call Option	Purchased	27,000	37.50	American	7/19/2024
US4601461035	Call Option	Purchased	160,000	42.50	American	9/20/2024
US4601461035	Call Option	Purchased	85,000	42.50	American	10/18/2024
US4601461035	Call Option	Purchased	12,200	45.00	American	1/17/2025
US4601461035	Call Option	Purchased	400	45.00	American	10/18/2024
US4601461035	Call Option	Purchased	17,200	45.00	American	9/20/2024
US4601461035	Call Option	Purchased	10,000	50.00	American	9/20/2024
US4601461035	Call Option	Purchased	10,000	47.50	American	9/20/2024

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:

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/20240626730606/en/

Contacts

Millennium Partners, L.P.