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Form 8.3 - International Paper Company

LONDON, April 17, 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

16th 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 and Mondi 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.

ADVERTISEMENT

(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:

624,867

0.180%

1,524,872

0.439%

(2) Cash-settled derivatives:

-

-

66,811

0.019%

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

265,800

0.077%

338,100

0.097%

TOTAL:

890,667

0.256%

1,929,783

0.556%

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

1,700

36.30

US4601461035

Sale

18

36.33

US4601461035

Sale

2

36.41

US4601461035

Sale

600

36.31

US4601461035

Sale

2

36.34

US4601461035

Sale

12

36.32

US4601461035

Sale

200

36.09

US4601461035

Sale

212

36.02

US4601461035

Sale

399

35.99

US4601461035

Sale

412

35.92

US4601461035

Sale

400

35.89

US4601461035

Purchase

8,943

35.91

US4601461035

Sale

700

35.91

US4601461035

Sale

200

35.90

US4601461035

Sale

322

35.97

US4601461035

Sale

100

35.84

US4601461035

Sale

203

35.96

US4601461035

Sale

200

36.01

US4601461035

Sale

1,549

35.94

US4601461035

Sale

12

36.13

US4601461035

Sale

101

35.95

US4601461035

Sale

400

35.88

US4601461035

Sale

207

35.93

US4601461035

Sale

1

35.85

US4601461035

Sale

144

35.87

US4601461035

Sale

100

35.83

US4601461035

Sale

747

36.12

US4601461035

Purchase

418

37.00

US4601461035

Sale

1

36.37

US4601461035

Sale

1

36.40

US4601461035

Sale

1

36.32

US4601461035

Purchase

10

36.17

US4601461035

Purchase

2

36.03

US4601461035

Purchase

38

36.04

US4601461035

Purchase

621

35.98

US4601461035

Sale

5

36.00

US4601461035

Purchase

76

35.92

US4601461035

Sale

16

35.89

US4601461035

Purchase

4,000

35.91

US4601461035

Sale

428

35.91

US4601461035

Sale

5

35.97

US4601461035

Purchase

6

36.20

US4601461035

Purchase

7

36.14

US4601461035

Purchase

4

36.13

US4601461035

Purchase

13

36.08

US4601461035

Sale

52

35.88

US4601461035

Purchase

462

35.93

US4601461035

Purchase

1

35.85

US4601461035

Purchase

17

36.10

US4601461035

Purchase

19

36.12

US4601461035

Sale

6

36.39

US4601461035

Sale

6

36.46

US4601461035

Purchase

1,982

36.02

US4601461035

Purchase

44

35.89

US4601461035

Purchase

9,868

35.91

US4601461035

Sale

8,943

35.91

US4601461035

Purchase

6

35.90

US4601461035

Purchase

254

35.96

US4601461035

Purchase

7

35.88

US4601461035

Sale

874

36.49

US4601461035

Sale

456

36.37

US4601461035

Sale

217

36.51

US4601461035

Purchase

100

36.30

US4601461035

Sale

100

36.30

US4601461035

Sale

1,723

36.39

US4601461035

Sale

310

36.38

US4601461035

Sale

1,390

36.46

US4601461035

Sale

144

36.59

US4601461035

Sale

908

36.41

US4601461035

Sale

1,407

36.44

US4601461035

Sale

300

36.52

US4601461035

Sale

1,542

36.50

US4601461035

Purchase

49

36.36

US4601461035

Sale

718

36.36

US4601461035

Sale

2,142

36.40

US4601461035

Sale

182

36.31

US4601461035

Sale

400

36.34

US4601461035

Sale

1,649

36.43

US4601461035

Sale

685

36.45

US4601461035

Sale

497

36.35

US4601461035

Purchase

500

36.06

US4601461035

Purchase

1,349

36.02

US4601461035

Purchase

435

36.04

US4601461035

Purchase

4,968

35.98

US4601461035

Purchase

2,798

35.99

US4601461035

Purchase

1,413

36.00

US4601461035

Purchase

233

35.92

US4601461035

Purchase

683

35.89

US4601461035

Sale

100

35.89

US4601461035

Purchase

2,588

35.91

US4601461035

Sale

1

35.91

US4601461035

Purchase

273

35.90

US4601461035

Purchase

1,409

35.97

US4601461035

Purchase

990

36.05

US4601461035

Purchase

223

35.96

US4601461035

Purchase

1,500

36.01

US4601461035

Purchase

1,118

35.94

US4601461035

Purchase

586

36.19

US4601461035

Purchase

631

35.95

US4601461035

Purchase

281

35.88

US4601461035

Sale

408

35.88

US4601461035

Purchase

514

36.10

US4601461035

Purchase

100

35.86

US4601461035

Sale

100

35.86

US4601461035

Purchase

732

36.49

US4601461035

Sale

631

36.49

US4601461035

Purchase

591

37.00

US4601461035

Sale

930

37.00

US4601461035

Purchase

54

36.37

US4601461035

Purchase

1

36.51

US4601461035

Purchase

2,672

36.29

US4601461035

Purchase

366

36.30

US4601461035

Purchase

1,430

36.33

US4601461035

Sale

1

36.33

US4601461035

Purchase

326

36.39

US4601461035

Purchase

46

36.38

US4601461035

Purchase

1,555

36.47

US4601461035

Sale

2,151

36.47

US4601461035

Purchase

3

37.02

US4601461035

Sale

375

36.55

US4601461035

Purchase

7

36.46

US4601461035

Sale

100

36.46

US4601461035

Purchase

136

36.41

US4601461035

Purchase

185

36.48

US4601461035

Purchase

57

36.44

US4601461035

Sale

104

36.44

US4601461035

Purchase

97

36.58

US4601461035

Purchase

72

36.50

US4601461035

Purchase

143

36.36

US4601461035

Purchase

25

36.40

US4601461035

Purchase

1,236

36.31

US4601461035

Purchase

246

36.34

US4601461035

Purchase

29

36.43

US4601461035

Sale

5

36.43

US4601461035

Purchase

6,150

36.32

US4601461035

Purchase

91

36.35

US4601461035

Sale

19

36.35

US4601461035

Sale

743

36.42

US4601461035

Purchase

6,645

36.23

US4601461035

Purchase

14,194

36.21

US4601461035

Sale

6

36.21

US4601461035

Purchase

4,897

36.22

US4601461035

Purchase

11,228

36.27

US4601461035

Purchase

792

36.17

US4601461035

Purchase

1,614

36.28

US4601461035

Purchase

14

36.03

US4601461035

Purchase

13

36.06

US4601461035

Purchase

100

36.02

US4601461035

Purchase

8

36.04

US4601461035

Purchase

670

35.98

US4601461035

Purchase

4,632

35.99

US4601461035

Sale

100

35.99

US4601461035

Purchase

309

36.00

US4601461035

Purchase

387

35.92

US4601461035

Purchase

1,881

35.89

US4601461035

Purchase

4,952

35.91

US4601461035

Sale

38,874

35.91

US4601461035

Purchase

2,053

35.90

US4601461035

Purchase

207

36.26

US4601461035

Sale

6

36.26

US4601461035

Purchase

1,143

35.97

US4601461035

Purchase

228

36.20

US4601461035

Purchase

154

36.05

US4601461035

Purchase

135

36.24

US4601461035

Sale

18

36.24

US4601461035

Purchase

4,244

35.96

US4601461035

Purchase

2

36.01

US4601461035

Purchase

77

36.15

US4601461035

Purchase

132

35.94

US4601461035

Purchase

16

36.14

US4601461035

Purchase

11

36.16

US4601461035

Purchase

171

36.19

US4601461035

Purchase

7

36.13

US4601461035

Purchase

112

36.07

US4601461035

Purchase

238

36.08

US4601461035

Purchase

567

35.95

US4601461035

Purchase

38

35.88

US4601461035

Sale

10

35.88

US4601461035

Purchase

4,884

35.93

US4601461035

Purchase

28

35.87

US4601461035

Purchase

19

36.10

US4601461035

Purchase

66

36.12

US4601461035

Purchase

3,229

36.25

US4601461035

Sale

231

35.86

US4601461035

Sale

896

36.49

US4601461035

Purchase

26,385

37.00

US4601461035

Sale

100

36.37

US4601461035

Purchase

6

36.51

US4601461035

Sale

2,862

36.51

US4601461035

Sale

196

36.29

US4601461035

Sale

13,878

36.30

US4601461035

Sale

4,128

36.33

US4601461035

Sale

100

36.39

US4601461035

Sale

2,649

36.47

US4601461035

Sale

400

36.57

US4601461035

Purchase

200

36.46

US4601461035

Sale

101

36.46

US4601461035

Purchase

200

36.99

US4601461035

Sale

100

36.41

US4601461035

Purchase

100

36.98

US4601461035

Sale

722

36.48

US4601461035

Sale

100

36.69

US4601461035

Purchase

12

36.44

US4601461035

Sale

100

36.50

US4601461035

Sale

1,300

36.36

US4601461035

Sale

3,661

36.31

US4601461035

Sale

4,038

36.34

US4601461035

Purchase

5,492

36.43

US4601461035

Sale

5,492

36.43

US4601461035

Sale

200

36.60

US4601461035

Purchase

12,136

36.45

US4601461035

Sale

8,232

36.45

US4601461035

Sale

600

36.61

US4601461035

Sale

7,100

36.82

US4601461035

Sale

100

36.70

US4601461035

Sale

1,101

36.32

US4601461035

Purchase

15,000

36.35

US4601461035

Sale

29,679

36.35

US4601461035

Sale

300

36.63

US4601461035

Sale

100

36.72

US4601461035

Purchase

164,394

36.23

US4601461035

Sale

164,394

36.23

US4601461035

Sale

1,259

36.21

US4601461035

Sale

320

36.22

US4601461035

Sale

8,975

36.27

US4601461035

Sale

263

36.17

US4601461035

Sale

8,140

36.28

US4601461035

Sale

200

36.62

US4601461035

Sale

645

36.09

US4601461035

Sale

9,376

36.03

US4601461035

Sale

3,637

36.06

US4601461035

Sale

9,882

36.02

US4601461035

Sale

12,460

36.04

US4601461035

Sale

16,682

35.98

US4601461035

Sale

2,358

35.99

US4601461035

Sale

24,602

36.00

US4601461035

Sale

55,480

35.92

US4601461035

Purchase

427

35.89

US4601461035

Sale

57,566

35.89

US4601461035

Purchase

351,672

35.91

US4601461035

Sale

42,508

35.91

US4601461035

Sale

23,595

35.90

US4601461035

Sale

1,979

36.26

US4601461035

Sale

8,151

35.97

US4601461035

Sale

700

36.20

US4601461035

Sale

4,488

36.05

US4601461035

Sale

38,100

36.18

US4601461035

Sale

19,824

35.96

US4601461035

Sale

53,075

36.01

US4601461035

Sale

1,741

36.15

US4601461035

Sale

26,226

35.94

US4601461035

Sale

1,664

36.14

US4601461035

Sale

3,800

36.19

US4601461035

Sale

3,281

36.13

US4601461035

Sale

517

36.07

US4601461035

Sale

1,419

36.08

US4601461035

Sale

901

36.11

US4601461035

Sale

10,462

35.95

US4601461035

Purchase

400

35.88

US4601461035

Sale

8,796

35.88

US4601461035

Sale

36,551

35.93

US4601461035

Sale

100

35.85

US4601461035

Sale

2,654

35.87

US4601461035

Sale

4,998

36.10

US4601461035

Sale

100

35.83

US4601461035

Sale

2,269

36.12

US4601461035

Sale

500

36.25

US4601461035

Sale

1,333

35.86

US4601461035

Purchase

6

36.56

US4601461035

Sale

300

36.43

US4601461035

Sale

2,446

36.42

US4601461035

Purchase

31

35.92

US4601461035

Purchase

622

35.89

US4601461035

Purchase

956

35.91

US4601461035

Purchase

249

35.90

US4601461035

Purchase

136

35.97

US4601461035

Purchase

237

35.94

US4601461035

Purchase

1,189

35.88

US4601461035

Purchase

6

35.87

US4601461035

Sale

42

36.31

US4601461035

Sale

67

36.34

US4601461035

Sale

16

36.21

US4601461035

Sale

48

36.22

US4601461035

Sale

45

36.03

US4601461035

Sale

119

35.98

US4601461035

Sale

43

35.89

US4601461035

Purchase

10

35.91

US4601461035

Sale

203

35.91

US4601461035

Sale

31

35.90

US4601461035

Sale

50

35.84

US4601461035

Sale

149

36.16

US4601461035

Sale

108

36.11

US4601461035

Sale

37

35.88

US4601461035

Sale

35

35.93

US4601461035

Sale

200

36.49

US4601461035

Sale

1,200

36.51

US4601461035

Sale

400

36.57

US4601461035

Sale

700

36.55

US4601461035

Sale

5,700

36.59

US4601461035

Sale

542

36.58

US4601461035

Sale

1,258

36.50

US4601461035

Sale

2,276

36.29

US4601461035

Sale

48

36.59

US4601461035

Sale

320

36.52

US4601461035

Sale

80

36.32

US4601461035

Purchase

2,199

36.23

US4601461035

Purchase

817

36.27

US4601461035

Sale

384

36.27

US4601461035

Purchase

399

36.02

US4601461035

Sale

612

35.92

US4601461035

Sale

1,414

35.91

US4601461035

Purchase

68

36.20

US4601461035

Purchase

760

36.15

US4601461035

Purchase

1,361

36.19

US4601461035

Purchase

912

36.08

US4601461035

Purchase

1,080

35.88

(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

US4601461035

Call Option

Selling

200

32.50

American

19/04/2024

US4601461035

Call Option

Selling

800

35.00

American

19/04/2024

US4601461035

Put Option

Selling

700

35.00

American

19/04/2024

US4601461035

Put Option

Selling

30,000

38.00

American

19/04/2024

(ii) Exercise

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

(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:

17th 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

6,400

32.50

American

4/19/2024

US4601461035

Call Option

Purchased

2,600

32.50

American

4/19/2024

US4601461035

Call Option

Purchased

12,800

35.00

American

4/19/2024

US4601461035

Put Option

Purchased

800

32.50

American

1/17/2025

US4601461035

Put Option

Purchased

29,800

35.00

American

4/19/2024

US4601461035

Put Option

Purchased

1,100

38.00

American

4/19/2024

US4601461035

Put Option

Purchased

50,000

39.00

American

4/19/2024

US4601461035

Call Option

Purchased

250,000

42.50

American

18/10/2024

US4601461035

Call Option

Written

250,000

47.50

American

18/10/2024

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/20240417432918/en/

Contacts

Millennium Partners, L.P.