Form 8.3 - International Paper Company

LONDON, June 21, 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		20th 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:		2,488,578		0.717%		2,265,411		0.652%
(2) Cash-settled derivatives:		328		0.000%		479,926		0.138%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		752,000		0.217%		2,800		0.001%
TOTAL:		3,240,906		0.933%		2,748,137		0.791%

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	36	46.55
US4601461035	Sale	1	46.38
US4601461035	Sale	1	46.46
US4601461035	Sale	6	46.61
US4601461035	Sale	9	46.52
US4601461035	Sale	3	46.44
US4601461035	Sale	12	46.54
US4601461035	Sale	4	46.64
US4601461035	Purchase	6,087	46.55
US4601461035	Sale	11	46.38
US4601461035	Sale	800	46.60
US4601461035	Sale	996	46.53
US4601461035	Sale	1,849	46.55
US4601461035	Sale	700	46.46
US4601461035	Sale	197	46.59
US4601461035	Sale	100	46.50
US4601461035	Sale	19	46.47
US4601461035	Sale	205	46.68
US4601461035	Sale	422	46.43
US4601461035	Sale	94	46.67
US4601461035	Sale	143	46.61
US4601461035	Sale	409	46.63
US4601461035	Sale	100	46.71
US4601461035	Sale	12,515	46.65
US4601461035	Sale	1,637	46.52
US4601461035	Sale	10,648	46.57
US4601461035	Sale	1,574	46.66
US4601461035	Sale	134	46.45
US4601461035	Sale	1,689	46.48
US4601461035	Sale	610	46.56
US4601461035	Sale	5	46.44
US4601461035	Sale	2,179	46.58
US4601461035	Sale	820	46.54
US4601461035	Sale	206	46.51
US4601461035	Sale	197	46.49
US4601461035	Sale	9	46.64
US4601461035	Sale	1,316	46.38
US4601461035	Sale	374	46.37
US4601461035	Sale	152	46.60
US4601461035	Sale	3,748	46.53
US4601461035	Sale	5,305	46.55
US4601461035	Sale	13	46.46
US4601461035	Sale	1,459	46.59
US4601461035	Sale	76	46.50
US4601461035	Sale	3,493	46.62
US4601461035	Sale	44	46.47
US4601461035	Sale	2	46.72
US4601461035	Sale	6	46.68
US4601461035	Sale	1	46.40
US4601461035	Sale	192	46.43
US4601461035	Sale	1,233	46.36
US4601461035	Sale	340	46.41
US4601461035	Sale	639	46.19
US4601461035	Sale	7	46.67
US4601461035	Sale	118	46.61
US4601461035	Sale	28	46.63
US4601461035	Sale	6	46.71
US4601461035	Sale	11,308	46.65
US4601461035	Sale	12	46.52
US4601461035	Sale	16,658	46.57
US4601461035	Sale	4,052	46.66
US4601461035	Sale	720	46.45
US4601461035	Sale	817	46.48
US4601461035	Sale	3,097	46.42
US4601461035	Sale	3,397	46.56
US4601461035	Sale	2,233	46.44
US4601461035	Sale	2,791	46.58
US4601461035	Sale	793	46.54
US4601461035	Sale	178	46.70
US4601461035	Sale	1,991	46.51
US4601461035	Sale	19	46.49
US4601461035	Sale	151	46.69
US4601461035	Sale	216	46.64
US4601461035	Sale	5	46.73
US4601461035	Sale	2	46.39
US4601461035	Sale	3	46.76
US4601461035	Purchase	146	46.27
US4601461035	Purchase	119	46.46
US4601461035	Sale	760	46.38
US4601461035	Sale	423	46.37
US4601461035	Sale	4,002	46.60
US4601461035	Sale	1,470	46.53
US4601461035	Sale	24,850	46.55
US4601461035	Sale	1,850	46.46
US4601461035	Sale	1,629	46.59
US4601461035	Sale	1,321	46.50
US4601461035	Sale	10,832	46.62
US4601461035	Sale	267	46.47
US4601461035	Sale	274	46.68
US4601461035	Sale	100	46.40
US4601461035	Sale	400	46.43
US4601461035	Sale	20	46.41
US4601461035	Sale	241	46.33
US4601461035	Sale	1,386	46.67
US4601461035	Sale	2	46.61
US4601461035	Sale	5,912	46.63
US4601461035	Sale	21	46.71
US4601461035	Sale	5,911	46.65
US4601461035	Sale	6	46.52
US4601461035	Sale	1,206	46.57
US4601461035	Sale	2,218	46.66
US4601461035	Sale	1,385	46.45
US4601461035	Sale	20	46.42
US4601461035	Sale	695	46.56
US4601461035	Sale	109	46.44
US4601461035	Sale	3,624	46.58
US4601461035	Sale	5,909	46.54
US4601461035	Sale	160	46.70
US4601461035	Sale	1,072	46.51
US4601461035	Sale	58	46.69
US4601461035	Sale	720	46.64
US4601461035	Sale	100	46.75
US4601461035	Purchase	37	46.38
US4601461035	Purchase	31	46.37
US4601461035	Purchase	53	46.60
US4601461035	Purchase	325	46.53
US4601461035	Purchase	1,509	46.27
US4601461035	Purchase	5,679	46.55
US4601461035	Purchase	308	46.46
US4601461035	Purchase	44	46.59
US4601461035	Purchase	16	46.50
US4601461035	Purchase	36	46.62
US4601461035	Purchase	49	46.40
US4601461035	Purchase	13	46.36
US4601461035	Purchase	71	46.61
US4601461035	Purchase	1	46.63
US4601461035	Purchase	1	46.65
US4601461035	Purchase	75	46.52
US4601461035	Purchase	42	46.57
US4601461035	Purchase	6	46.66
US4601461035	Purchase	190	46.48
US4601461035	Purchase	187	46.56
US4601461035	Purchase	105	46.58
US4601461035	Purchase	18	46.54
US4601461035	Purchase	1	46.70
US4601461035	Purchase	295	46.51
US4601461035	Purchase	26	46.49
US4601461035	Purchase	32	46.64
US4601461035	Purchase	36	46.32
US4601461035	Purchase	1	46.74
US4601461035	Sale	1,031	46.38
US4601461035	Sale	38	46.37
US4601461035	Sale	64	46.31
US4601461035	Sale	122	46.60
US4601461035	Sale	52	46.53
US4601461035	Sale	4,715	46.55
US4601461035	Sale	1,119	46.46
US4601461035	Sale	10,149	46.59
US4601461035	Sale	282	46.50
US4601461035	Sale	376	46.62
US4601461035	Sale	12	46.47
US4601461035	Sale	301	46.72
US4601461035	Sale	7	46.68
US4601461035	Sale	1,000	46.41
US4601461035	Sale	2,863	46.67
US4601461035	Sale	84	46.61
US4601461035	Sale	1,642	46.63
US4601461035	Sale	45	46.71
US4601461035	Sale	1,970	46.65
US4601461035	Sale	30	46.52
US4601461035	Sale	7,440	46.57
US4601461035	Sale	2,814	46.66
US4601461035	Sale	6,661	46.56
US4601461035	Sale	167	46.58
US4601461035	Sale	445	46.54
US4601461035	Sale	2	46.70
US4601461035	Sale	147	46.51
US4601461035	Sale	300	46.49
US4601461035	Sale	87	46.69
US4601461035	Sale	1,450	46.64
US4601461035	Sale	200	46.32
US4601461035	Sale	515	46.39
US4601461035	Sale	1	46.75
US4601461035	Purchase	450	46.38
US4601461035	Purchase	454	46.37
US4601461035	Purchase	4,366	46.60
US4601461035	Purchase	612	46.53
US4601461035	Purchase	1,492	46.27
US4601461035	Purchase	13,629	46.55
US4601461035	Purchase	480	46.46
US4601461035	Purchase	1,012	46.59
US4601461035	Purchase	4,833	46.50
US4601461035	Purchase	766	46.62
US4601461035	Purchase	2,048	46.47
US4601461035	Purchase	242	46.68
US4601461035	Purchase	700	46.40
US4601461035	Purchase	106	46.43
US4601461035	Purchase	100	46.41
US4601461035	Purchase	2,146	46.67
US4601461035	Purchase	3,140	46.61
US4601461035	Purchase	1,487	46.63
US4601461035	Purchase	200	46.71
US4601461035	Purchase	13,498	46.65
US4601461035	Purchase	3,818	46.52
US4601461035	Purchase	206	46.57
US4601461035	Purchase	26,754	46.66
US4601461035	Purchase	252	46.48
US4601461035	Purchase	204	46.42
US4601461035	Purchase	18,573	46.56
US4601461035	Purchase	898	46.44
US4601461035	Purchase	26,622	46.58
US4601461035	Purchase	3	46.54
US4601461035	Purchase	406	46.70
US4601461035	Purchase	1,392	46.49
US4601461035	Purchase	300	46.69
US4601461035	Purchase	1,767	46.64
US4601461035	Purchase	100	46.34
US4601461035	Purchase	674	46.39
US4601461035	Purchase	10	46.28
US4601461035	Purchase	102	46.74
US4601461035	Sale	83	46.38
US4601461035	Sale	125	46.60
US4601461035	Sale	100	46.55
US4601461035	Sale	208	46.46
US4601461035	Sale	100	46.59
US4601461035	Sale	12	46.43
US4601461035	Sale	63	46.36
US4601461035	Sale	100	46.41
US4601461035	Sale	96	46.52
US4601461035	Sale	310	46.56
US4601461035	Sale	6,087	46.55
US4601461035	Purchase	16,894	46.55
US4601461035	Purchase	37	46.57
US4601461035	Purchase	100	46.56
US4601461035	Purchase	100	46.54
US4601461035	Sale	300	46.37
US4601461035	Sale	6,637	46.53
US4601461035	Sale	12	46.55
US4601461035	Sale	100	46.47
US4601461035	Sale	205	46.52
US4601461035	Sale	100	46.58
US4601461035	Sale	842	46.54
US4601461035	Sale	958	46.49
US4601461035	Sale	38	46.32
US4601461035	Sale	781	46.34
US4601461035	Sale	1,071	46.35
US4601461035	Purchase	150	46.55
US4601461035	Sale	150	46.55
US4601461035	Purchase	374	46.55
US4601461035	Purchase	160	46.50
US4601461035	Sale	120	46.60
US4601461035	Sale	2,494	46.53
US4601461035	Sale	40	46.72
US4601461035	Sale	640	46.65
US4601461035	Sale	240	46.56

(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 (GBP)

(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:		21st 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	800	35.00	American	6/21/2024
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	304,800	42.50	American	6/21/2024
US4601461035	Call Option	Purchased	85,000	42.50	American	10/18/2024
US4601461035	Put Option	Written	125,000	37.50	American	6/21/2024
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/20240621280544/en/

Contacts

Millennium Partners, L.P.