Form 8.3 - International Paper Company

Business Wire

12 Dec 2024

LONDON, December 12, 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:	Qube Research & Technologies Limited
(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	11-12-2024
(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
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	0	0.0	6,269,196	1.80
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	10,400	0.003	9,100	0.002
TOTAL:	10,400	0.003	6,278,296	1.80

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:	0
Details, including nature of the rights concerned and relevant percentages:	0

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)
Common Stock	Sale	10	54.80
Common Stock	Sale	18	54.35
Common Stock	Sale	21	54.58
Common Stock	Sale	22	54.52
Common Stock	Sale	27	54.22
Common Stock	Sale	50	54.44
Common Stock	Sale	100	54.41
Common Stock	Sale	152	54.79
Common Stock	Sale	161	54.48
Common Stock	Purchase	10	54.62
Common Stock	Purchase	12	54.27
Common Stock	Purchase	17	54.79
Common Stock	Purchase	18	54.74
Common Stock	Purchase	19	54.81
Common Stock	Purchase	19	54.82
Common Stock	Purchase	23	54.66
Common Stock	Purchase	30	54.50
Common Stock	Purchase	34	54.36
Common Stock	Purchase	39	54.72
Common Stock	Purchase	40	54.31
Common Stock	Purchase	40	54.75
Common Stock	Purchase	45	54.66
Common Stock	Purchase	50	54.80
Common Stock	Purchase	54	54.26
Common Stock	Purchase	76	54.43
Common Stock	Purchase	80	54.84
Common Stock	Purchase	83	54.15
Common Stock	Purchase	104	54.29
Common Stock	Purchase	108	54.63
Common Stock	Purchase	141	54.68
Common Stock	Purchase	144	54.83
Common Stock	Purchase	174	54.77
Common Stock	Purchase	174	54.78
Common Stock	Purchase	184	54.19
Common Stock	Purchase	197	54.41
Common Stock	Purchase	202	54.24
Common Stock	Purchase	212	54.45
Common Stock	Purchase	223	54.76
Common Stock	Purchase	271	54.61
Common Stock	Purchase	273	54.53
Common Stock	Purchase	282	54.59
Common Stock	Purchase	300	54.23
Common Stock	Purchase	300	54.41
Common Stock	Purchase	342	54.69
Common Stock	Purchase	357	54.44
Common Stock	Purchase	364	54.32
Common Stock	Purchase	382	54.33
Common Stock	Purchase	414	54.62
Common Stock	Purchase	481	54.71
Common Stock	Purchase	486	54.64
Common Stock	Purchase	498	54.23
Common Stock	Purchase	510	54.58
Common Stock	Purchase	540	54.25
Common Stock	Purchase	580	54.20
Common Stock	Purchase	585	54.59
Common Stock	Purchase	605	54.56
Common Stock	Purchase	625	54.65
Common Stock	Purchase	649	54.17
Common Stock	Purchase	653	54.22
Common Stock	Purchase	689	54.54
Common Stock	Purchase	712	54.34
Common Stock	Purchase	737	54.16
Common Stock	Purchase	761	54.30
Common Stock	Purchase	766	54.51
Common Stock	Purchase	782	54.21
Common Stock	Purchase	795	54.46
Common Stock	Purchase	841	54.36
Common Stock	Purchase	860	54.75
Common Stock	Purchase	862	54.48
Common Stock	Purchase	909	54.39
Common Stock	Purchase	952	54.38
Common Stock	Purchase	981	54.40
Common Stock	Purchase	1050	54.73
Common Stock	Purchase	1089	54.37
Common Stock	Purchase	1156	54.63
Common Stock	Purchase	1195	54.42
Common Stock	Purchase	1202	54.67
Common Stock	Purchase	1304	54.45
Common Stock	Purchase	1316	54.35
Common Stock	Purchase	1499	54.60
Common Stock	Purchase	1541	54.47
Common Stock	Purchase	2119	54.31
Common Stock	Purchase	2380	54.57
Common Stock	Purchase	3317	54.49
Common Stock	Purchase	4371	54.70
Common Stock	Purchase	4908	54.50
Common Stock	Purchase	7517	54.55
Common Stock	Purchase	59205	54.52

(b) Cash-settled derivative transactions

Class of relevant security

Product description

e.g. call option

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of securities

Exercise price per unit (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

(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:	12-12-2024
Contact name:	Janice Falcao
Telephone number:	00442033140679

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. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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:*	Qube Research & Technologies Limited
*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 IP US 12/20/24 P57.5 Equity	Purchase	3,200	USD 57.5	American	12/20/24
Common Stock	Call Option IP US 06/20/25 C52.5 Equity	Purchase	2,000	USD 52.5	American	06/20/25
Common Stock	Call Option IP US 04/17/25 C47.5 Equity	Purchase	1,000	USD 47.5	American	04/17/25
Common Stock	Call Option IP US 10/17/25 C42.5 Equity	Purchase	700	USD 42.5	American	10/17/25
Common Stock	Call Option IP US 04/17/25 C52.5 Equity	Purchase	600	USD 52.5	American	04/17/25
Common Stock	Call Option IP US 09/19/25 C42.5 Equity	Purchase	600	USD 42.5	American	09/19/25
Common Stock	Call Option IP US 10/17/25 C55 Equity	Purchase	500	USD 55	American	10/17/25
Common Stock	Call Option IP US 01/16/26 C50 Equity	Purchase	500	USD 50	American	01/16/26
Common Stock	Call Option IP US 01/16/26 C60 Equity	Purchase	300	USD 60	American	01/16/26
Common Stock	Call Option IP US 06/20/25 C50 Equity	Purchase	300	USD 50	American	06/20/25
Common Stock	Call Option IP US 12/20/24 C50 Equity	Purchase	300	USD 50	American	12/20/24
Common Stock	Call Option IP US 01/17/25 C47.5 Equity	Purchase	200	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 04/17/25 C50 Equity	Purchase	200	USD 50	American	04/17/25
Common Stock	Call Option IP US 01/17/25 C60 Equity	Written	300	USD 60	American	01/17/25
Common Stock	Put Option IP US 04/17/25 P45 Equity	Written	300	USD 45	American	04/17/25
Common Stock	Put Option IP US 01/17/25 P47.5 Equity	Written	400	USD 47.5	American	01/17/25
Common Stock	Call Option IP US 01/17/25 C55 Equity	Written	500	USD 55	American	01/17/25
Common Stock	Call Option IP US 12/20/24 C55 Equity	Written	600	USD 55	American	12/20/24
Common Stock	Put Option IP US 04/17/25 P47.5 Equity	Written	2,400	USD 47.5	American	04/17/25
Common Stock	Put Option IP US 01/16/26 P42.5 Equity	Written	4,600	USD 42.5	American	01/16/26

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/20241212477128/en/

Contacts

Qube Research & Technologies LTD

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Form 8.3 - International Paper Company

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