Form 8.3 - International Paper Company

Business Wire

2024-12-05

LONDON, December 05, 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:	Balyasny Asset 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	04/12/2024
(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: DS Smith 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 ISIN: US4601461035
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	2,942,921	0.84	1,471,389	0.42
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:			195,100	0.05
TOTAL:	2,942,921	0.84	1,666,489	0.47

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
$ Common Stock	Sale	2,526	USD 57.54
$ Common Stock	Purchase	100	USD 57.54
$ Common Stock	Sale	2,147	USD 57.58
$ Common Stock	Purchase	140	USD 57.58
$ Common Stock	Purchase	3	USD 57.59
$ Common Stock	Sale	2,298	USD 57.59
$ Common Stock	Sale	3,037	USD 57.60
$ Common Stock	Sale	3,814	USD 57.60
$ Common Stock	Purchase	164	USD 57.60
$ Common Stock	Sale	1,059	USD 57.61
$ Common Stock	Sale	400	USD 57.62
$ Common Stock	Sale	587	USD 57.62
$ Common Stock	Purchase	213	USD 57.63
$ Common Stock	Sale	718	USD 57.65
$ Common Stock	Sale	450	USD 57.67
$ Common Stock	Sale	200	USD 57.67
$ Common Stock	Sale	2,986	USD 57.67
$ Common Stock	Purchase	150	USD 57.68
$ Common Stock	Sale	172	USD 57.69
$ Common Stock	Purchase	15,006	USD 57.69
$ Common Stock	Purchase	10,000	USD 57.70
$ Common Stock	Purchase	436	USD 57.71
$ Common Stock	Sale	3,107	USD 57.71
$ Common Stock	Sale	5,110	USD 57.72
$ Common Stock	Purchase	2,972	USD 57.72
$ Common Stock	Purchase	111	USD 57.72
$ Common Stock	Purchase	239	USD 57.72
$ Common Stock	Sale	3,195	USD 57.72
$ Common Stock	Purchase	703	USD 57.73
$ Common Stock	Purchase	723	USD 57.75
$ Common Stock	Purchase	168	USD 57.76
$ Common Stock	Purchase	5,800	USD 57.76
$ Common Stock	Purchase	40,263	USD 57.76
$ Common Stock	Sale	2,188	USD 57.78
$ Common Stock	Purchase	15,000	USD 57.80
$ Common Stock	Purchase	25	USD 57.80
$ Common Stock	Sale	75,000	USD 57.80
$ Common Stock	Purchase	4,422	USD 57.80
$ Common Stock	Purchase	26,757	USD 57.81
$ Common Stock	Purchase	10,000	USD 57.81
$ Common Stock	Sale	1,941	USD 57.81
$ Common Stock	Purchase	471	USD 57.81
$ Common Stock	Sale	2,247	USD 57.82
$ Common Stock	Purchase	4,338	USD 57.83
$ Common Stock	Sale	406	USD 57.83
$ Common Stock	Purchase	17,033	USD 57.84
$ Common Stock	Sale	4,015	USD 57.85
$ Common Stock	Purchase	123	USD 57.85
$ Common Stock	Purchase	2	USD 57.86
$ Common Stock	Sale	4,382	USD 57.87
$ Common Stock	Purchase	373	USD 57.87
$ Common Stock	Sale	1,016	USD 57.87
$ Common Stock	Purchase	290	USD 57.87
$ Common Stock	Purchase	137	USD 57.87
$ Common Stock	Purchase	4,550	USD 57.88
$ Common Stock	Purchase	1,234	USD 57.88
$ Common Stock	Sale	3,000	USD 57.88
$ Common Stock	Sale	1,556	USD 57.89
$ Common Stock	Sale	455	USD 57.90
$ Common Stock	Sale	3,717	USD 57.91
$ Common Stock	Purchase	168	USD 57.91
$ Common Stock	Purchase	118	USD 57.91
$ Common Stock	Purchase	7,000	USD 57.92
$ Common Stock	Purchase	25,550	USD 57.92
$ Common Stock	Purchase	72	USD 57.92
$ Common Stock	Sale	400	USD 57.92
$ Common Stock	Purchase	3,522	USD 57.92
$ Common Stock	Sale	1,100	USD 57.93
$ Common Stock	Sale	1,005	USD 57.93
$ Common Stock	Sale	1,246	USD 57.93
$ Common Stock	Purchase	1,086	USD 57.93
$ Common Stock	Sale	1,129	USD 57.94
$ Common Stock	Sale	98	USD 57.94
$ Common Stock	Purchase	157	USD 57.95
$ Common Stock	Sale	900	USD 57.95
$ Common Stock	Sale	111	USD 57.95
$ Common Stock	Sale	1,181	USD 57.95
$ Common Stock	Sale	1,914	USD 57.95
$ Common Stock	Purchase	363	USD 57.95
$ Common Stock	Purchase	42	USD 57.96
$ Common Stock	Purchase	84	USD 57.96
$ Common Stock	Sale	535	USD 57.96
$ Common Stock	Sale	26	USD 57.96
$ Common Stock	Purchase	1,700	USD 57.96
$ Common Stock	Sale	1,129	USD 57.96
$ Common Stock	Sale	650	USD 57.96
$ Common Stock	Sale	531	USD 57.97
$ Common Stock	Sale	980	USD 57.97
$ Common Stock	Purchase	1,120	USD 57.98
$ Common Stock	Sale	200	USD 57.98
$ Common Stock	Sale	344	USD 58.00
$ Common Stock	Sale	2,418	USD 58.00
$ Common Stock	Sale	43	USD 58.00
$ Common Stock	Sale	1,382	USD 58.01
$ Common Stock	Purchase	1,086	USD 58.01
$ Common Stock	Sale	4,319	USD 58.04
$ Common Stock	Sale	242	USD 58.06
$ Common Stock	Purchase	8,603	USD 58.08
$ Common Stock	Sale	96	USD 58.14
$ Common Stock	Sale	145	USD 58.14
$ Common Stock	Sale	100	USD 58.15
$ Common Stock	Sale	242	USD 58.18
$ Common Stock	Sale	8	USD 58.19
$ Common Stock	Sale	4,455	USD 58.27
$ Common Stock	Sale	1,201	USD 58.33
$ Common Stock	Purchase	66	USD 58.34
$ Common Stock	Sale	36	USD 58.50

(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

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

(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:	05/12/2024
Contact name:	Jack Satt
Telephone number*:	+44 208 164 3693

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

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

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

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 SALE ETC.

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

1. KEY INFORMATION

Full name of person making disclosure:	Balyasny Asset 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	Type e.g. American, European etc.	Expiry date
$ common stock	Put Option	Purchased	150,000	USD 52.5	American	16/01/2026
$ common stock	Put Option	Purchased	30,100	USD 55	American	16/01/2026
$ common stock	Call Option	Written	15,000	USD 59	American	06/12/2024

3. AGREEMENTS TO PURCHASE OR SALE 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/20241205827089/en/

Contacts

Balyasny Asset Management LP

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Form 8.3 - International Paper Company

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