Form 8.3 - International Paper Company

Business Wire

19 Dec 2024

LONDON, December 19, 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		18^th December 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:	4,759,847	1.370%	1,617,884	0.466%
(2) Cash-settled derivatives:	15,600	0.004%	909,704	0.262%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	12,600	0.004%	152,800	0.044%
TOTAL:	4,788,047	1.379%	2,680,388	0.772%

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	247	55.03
US4601461035	Sale	8,940	53.64
US4601461035	Purchase	122	55.04
US4601461035	Purchase	1	55.02
US4601461035	Purchase	5	55.14
US4601461035	Purchase	24	55.01
US4601461035	Purchase	8	54.77
US4601461035	Purchase	2	54.85
US4601461035	Purchase	126	54.97
US4601461035	Sale	1,061	55.10
US4601461035	Purchase	37,123	53.64
US4601461035	Sale	200	55.24
US4601461035	Sale	100	55.33
US4601461035	Sale	300	55.16
US4601461035	Sale	200	55.42
US4601461035	Sale	2,590	55.02
US4601461035	Sale	10	54.90
US4601461035	Sale	100	54.87
US4601461035	Sale	100	54.88
US4601461035	Sale	250	55.20
US4601461035	Sale	100	54.64
US4601461035	Sale	200	55.38
US4601461035	Sale	182	55.28
US4601461035	Sale	100	55.09
US4601461035	Sale	100	54.95
US4601461035	Sale	100	55.35
US4601461035	Sale	787	55.26
US4601461035	Sale	4,697	53.88
US4601461035	Sale	204	54.96
US4601461035	Sale	536	53.98
US4601461035	Sale	53	55.15
US4601461035	Sale	9	54.92
US4601461035	Sale	696	54.99
US4601461035	Sale	800	55.40
US4601461035	Sale	100	54.86
US4601461035	Sale	313	53.97
US4601461035	Sale	318	55.13
US4601461035	Sale	200	55.25
US4601461035	Sale	100	54.89
US4601461035	Sale	21,887	54.29
US4601461035	Sale	684	54.94
US4601461035	Sale	46	54.65
US4601461035	Purchase	10,663	53.64
US4601461035	Sale	11,040	53.64
US4601461035	Purchase	124	53.62
US4601461035	Purchase	854	53.80
US4601461035	Purchase	40	55.14
US4601461035	Purchase	1,496	55.05
US4601461035	Purchase	1	55.01
US4601461035	Purchase	887	54.28
US4601461035	Purchase	191	54.49
US4601461035	Purchase	204	54.48
US4601461035	Purchase	61	54.20
US4601461035	Purchase	1	55.18
US4601461035	Purchase	236	54.45
US4601461035	Purchase	58	54.36
US4601461035	Purchase	4	54.97
US4601461035	Purchase	8,719	54.01
US4601461035	Purchase	4,697	53.88
US4601461035	Purchase	2	55.00
US4601461035	Purchase	1,701	53.87
US4601461035	Purchase	536	53.98
US4601461035	Purchase	23	55.15
US4601461035	Purchase	24	54.92
US4601461035	Purchase	3	54.99
US4601461035	Purchase	313	53.97
US4601461035	Purchase	40	55.13
US4601461035	Purchase	3	54.93
US4601461035	Purchase	270	54.47
US4601461035	Purchase	1,906	54.52
US4601461035	Purchase	21	54.56
US4601461035	Purchase	1,443	54.07
US4601461035	Purchase	1	54.29
US4601461035	Purchase	406	54.69
US4601461035	Purchase	276	54.94
US4601461035	Purchase	2	54.70
US4601461035	Purchase	18	54.59
US4601461035	Purchase	44	54.46
US4601461035	Purchase	595	54.58
US4601461035	Purchase	3	54.75
US4601461035	Purchase	819	54.39
US4601461035	Purchase	249	54.61
US4601461035	Purchase	36	54.41
US4601461035	Purchase	980	54.55
US4601461035	Purchase	1	54.66
US4601461035	Purchase	162	53.68
US4601461035	Purchase	27	54.54
US4601461035	Purchase	201,864	53.64
US4601461035	Sale	3,879	53.84
US4601461035	Purchase	500	53.64
US4601461035	Purchase	16,778	55.11
US4601461035	Sale	138	54.19
US4601461035	Sale	16	55.33
US4601461035	Sale	52	53.62
US4601461035	Sale	16,890	53.83
US4601461035	Sale	6,400	53.80
US4601461035	Sale	330	54.28
US4601461035	Purchase	13,922	54.08
US4601461035	Sale	15,622	54.08
US4601461035	Sale	1,089	54.10
US4601461035	Sale	2,931	53.82
US4601461035	Sale	584	54.24
US4601461035	Sale	500	53.92
US4601461035	Purchase	1,148	54.17
US4601461035	Sale	2,856	54.17
US4601461035	Sale	1,100	54.03
US4601461035	Sale	300	54.20
US4601461035	Sale	270	54.01
US4601461035	Purchase	1,708	54.16
US4601461035	Sale	10	53.70
US4601461035	Sale	109	53.88
US4601461035	Sale	2,900	53.71
US4601461035	Sale	568	53.81
US4601461035	Sale	934	53.87
US4601461035	Sale	40,179	53.64
US4601461035	Sale	1	55.21
US4601461035	Purchase	3	54.49
US4601461035	Purchase	4,201	53.82
US4601461035	Sale	4,201	53.82
US4601461035	Purchase	1,443	53.81
US4601461035	Sale	875	53.81
US4601461035	Purchase	5,076	54.58
US4601461035	Sale	132	55.10
US4601461035	Sale	32	55.07
US4601461035	Sale	200	53.84
US4601461035	Purchase	535	53.64
US4601461035	Sale	3,043	53.64
US4601461035	Sale	3	55.24
US4601461035	Sale	200	55.48
US4601461035	Sale	182	55.11
US4601461035	Sale	548	55.16
US4601461035	Sale	147	53.83
US4601461035	Sale	285	54.98
US4601461035	Sale	100	55.08
US4601461035	Sale	100	55.21
US4601461035	Sale	998	53.80
US4601461035	Sale	561	55.02
US4601461035	Sale	305	55.49
US4601461035	Sale	91	54.90
US4601461035	Sale	30	55.61
US4601461035	Sale	2,239	55.14
US4601461035	Sale	101	55.39
US4601461035	Sale	2	54.49
US4601461035	Sale	210	55.36
US4601461035	Sale	5	54.08
US4601461035	Sale	40	55.19
US4601461035	Sale	300	53.74
US4601461035	Sale	600	53.82
US4601461035	Sale	73	54.91
US4601461035	Sale	833	54.17
US4601461035	Sale	361	54.03
US4601461035	Sale	40	55.38
US4601461035	Sale	37	55.17
US4601461035	Sale	2	55.09
US4601461035	Sale	40	54.45
US4601461035	Sale	218	55.34
US4601461035	Sale	200	53.71
US4601461035	Sale	15,774	55.12
US4601461035	Sale	1	54.15
US4601461035	Sale	30	54.60
US4601461035	Sale	664	53.77
US4601461035	Sale	118	53.87
US4601461035	Sale	2	54.96
US4601461035	Sale	300	53.98
US4601461035	Sale	30	53.90
US4601461035	Sale	159	55.15
US4601461035	Sale	90	53.85
US4601461035	Sale	200	53.97
US4601461035	Sale	220	53.96
US4601461035	Sale	288	53.61
US4601461035	Sale	186	54.00
US4601461035	Sale	100	53.86
US4601461035	Purchase	15,774	54.11
US4601461035	Sale	15,774	54.11
US4601461035	Sale	80	54.44
US4601461035	Sale	63	54.51
US4601461035	Sale	100	54.05
US4601461035	Sale	100	53.65
US4601461035	Sale	200	53.76
US4601461035	Sale	100	53.72
US4601461035	Sale	100	53.93
US4601461035	Sale	34	54.52
US4601461035	Sale	400	54.07
US4601461035	Sale	200	53.63
US4601461035	Sale	6	53.91
US4601461035	Sale	100	53.78
US4601461035	Sale	5	55.03
US4601461035	Sale	2,033	55.10
US4601461035	Sale	116	55.07
US4601461035	Purchase	3,209	53.64
US4601461035	Sale	4,125	53.64
US4601461035	Purchase	2	55.04
US4601461035	Purchase	138	54.19
US4601461035	Purchase	108	55.16
US4601461035	Sale	510	55.16
US4601461035	Sale	100	53.62
US4601461035	Purchase	837	53.83
US4601461035	Sale	86	54.98
US4601461035	Purchase	8	55.08
US4601461035	Sale	164	55.08
US4601461035	Purchase	1	55.42
US4601461035	Sale	207	55.42
US4601461035	Purchase	6	55.21
US4601461035	Purchase	2,026	55.51
US4601461035	Sale	1,031	55.51
US4601461035	Purchase	19	55.02
US4601461035	Purchase	5	54.90
US4601461035	Sale	7	54.90
US4601461035	Purchase	2	55.14
US4601461035	Sale	600	55.14
US4601461035	Sale	3	54.87
US4601461035	Sale	104	55.01
US4601461035	Purchase	449	55.39
US4601461035	Sale	38	54.77
US4601461035	Purchase	2	55.37
US4601461035	Sale	14	55.37
US4601461035	Sale	200	55.20
US4601461035	Sale	41	54.63
US4601461035	Sale	5	55.46
US4601461035	Sale	3	54.49
US4601461035	Sale	25	55.36
US4601461035	Sale	334	54.64
US4601461035	Sale	185	54.48
US4601461035	Sale	43	54.85
US4601461035	Purchase	83	53.82
US4601461035	Sale	100	53.82
US4601461035	Purchase	550	54.24
US4601461035	Sale	24	54.91
US4601461035	Sale	48	54.17
US4601461035	Sale	300	55.28
US4601461035	Sale	637	55.18
US4601461035	Sale	300	55.17
US4601461035	Purchase	1	55.09
US4601461035	Sale	12	55.09
US4601461035	Sale	12	54.34
US4601461035	Purchase	6,857	53.89
US4601461035	Sale	6,857	53.89
US4601461035	Purchase	16	54.45
US4601461035	Purchase	10	54.36
US4601461035	Sale	300	54.74
US4601461035	Purchase	22	55.34
US4601461035	Sale	21	54.97
US4601461035	Purchase	270	54.01
US4601461035	Sale	32	54.16
US4601461035	Purchase	10	53.70
US4601461035	Sale	100	53.70
US4601461035	Purchase	7	55.30
US4601461035	Sale	616	55.00
US4601461035	Purchase	45	55.12
US4601461035	Purchase	34	54.15
US4601461035	Purchase	3	54.60
US4601461035	Sale	4	54.60
US4601461035	Purchase	4	54.96
US4601461035	Sale	356	54.96
US4601461035	Sale	2	53.98
US4601461035	Purchase	13	55.15
US4601461035	Sale	700	55.15
US4601461035	Sale	14	54.92
US4601461035	Purchase	3	53.85
US4601461035	Sale	54	54.99
US4601461035	Sale	47	55.41
US4601461035	Sale	130	55.06
US4601461035	Sale	3	54.86
US4601461035	Sale	20	53.97
US4601461035	Purchase	53	55.13
US4601461035	Purchase	185	53.61
US4601461035	Sale	49	53.61
US4601461035	Sale	118	53.86
US4601461035	Purchase	22	54.93
US4601461035	Sale	15	54.93
US4601461035	Sale	56	54.51
US4601461035	Purchase	2	53.65
US4601461035	Sale	16	54.73
US4601461035	Purchase	3	53.63
US4601461035	Purchase	35	54.69
US4601461035	Sale	48	54.94
US4601461035	Purchase	45	54.50
US4601461035	Sale	17	54.50
US4601461035	Purchase	5	54.68
US4601461035	Sale	83	54.32
US4601461035	Sale	3	53.69
US4601461035	Sale	105	54.65
US4601461035	Purchase	22	54.37
US4601461035	Sale	217	54.67
US4601461035	Sale	389	54.53
US4601461035	Purchase	416	54.33
US4601461035	Sale	445	54.33
US4601461035	Sale	4,824	54.58
US4601461035	Purchase	12	54.75
US4601461035	Sale	30	54.30
US4601461035	Sale	12	53.95
US4601461035	Sale	11	54.72
US4601461035	Sale	202	54.02
US4601461035	Purchase	5	54.13
US4601461035	Sale	17	54.13
US4601461035	Sale	48	54.82
US4601461035	Sale	14	54.27
US4601461035	Sale	73	54.61
US4601461035	Purchase	97	54.18
US4601461035	Sale	1,701	55.10
US4601461035	Sale	2	55.07
US4601461035	Sale	275	53.84
US4601461035	Purchase	11,040	53.64
US4601461035	Sale	14,466	53.64
US4601461035	Sale	6	55.11
US4601461035	Sale	70	55.33
US4601461035	Sale	16	55.16
US4601461035	Sale	733	53.83
US4601461035	Purchase	1,976	55.21
US4601461035	Sale	110	55.14
US4601461035	Sale	449	55.39
US4601461035	Purchase	28	54.88
US4601461035	Purchase	1,046	55.20
US4601461035	Sale	14	55.20
US4601461035	Purchase	23	54.08
US4601461035	Sale	23	54.08
US4601461035	Purchase	2,225	54.10
US4601461035	Sale	2,225	54.10
US4601461035	Sale	48	55.50
US4601461035	Purchase	920	55.19
US4601461035	Sale	18	55.19
US4601461035	Sale	138	53.74
US4601461035	Purchase	8	53.82
US4601461035	Sale	8	53.82
US4601461035	Purchase	534	54.24
US4601461035	Sale	500	54.24
US4601461035	Purchase	14	54.91
US4601461035	Purchase	2,756	55.18
US4601461035	Sale	1	55.18
US4601461035	Sale	1	55.17
US4601461035	Sale	5	55.09
US4601461035	Sale	22	55.34
US4601461035	Purchase	518	54.97
US4601461035	Sale	252	54.60
US4601461035	Sale	3	53.81
US4601461035	Sale	12	53.77
US4601461035	Sale	43	53.87
US4601461035	Sale	104	53.90
US4601461035	Purchase	77	55.15
US4601461035	Sale	20	55.15
US4601461035	Sale	3	53.85
US4601461035	Purchase	5	55.06
US4601461035	Sale	152	53.97
US4601461035	Sale	237	54.05
US4601461035	Sale	21	53.76
US4601461035	Sale	367	53.72
US4601461035	Sale	2	53.91
US4601461035	Purchase	88	54.89
US4601461035	Sale	2	53.95
US4601461035	Purchase	716	53.99
US4601461035	Sale	716	53.99
US4601461035	Sale	2	54.18
US4601461035	Purchase	3	55.53
US4601461035	Sale	48	55.32
US4601461035	Purchase	1,029	55.22
US4601461035	Sale	9	55.22
US4601461035	Purchase	1,622	54.14
US4601461035	Sale	1,622	54.14
US4601461035	Sale	182	53.75
US4601461035	Purchase	8,405	53.64
US4601461035	Sale	594	53.64
US4601461035	Sale	36,795	53.64
US4601461035	Purchase	15	53.74
US4601461035	Purchase	15	54.26
US4601461035	Purchase	8	53.70
US4601461035	Purchase	24	53.81
US4601461035	Purchase	14	53.85
US4601461035	Purchase	5	53.91
US4601461035	Purchase	29	53.67
US4601461035	Purchase	22	54.18
US4601461035	Purchase	1	54.21
US4601461035	Purchase	84	53.79
US4601461035	Purchase	21	54.22
US4601461035	Purchase	3	53.78
US4601461035	Purchase	14	53.68
US4601461035	Purchase	20	54.09
US4601461035	Sale	165,069	53.64
US4601461035	Purchase	35	54.35
US4601461035	Purchase	21,887	54.29
US4601461035	Purchase	35	54.32
US4601461035	Sale	21	53.64
US4601461035	Purchase	40	54.71
US4601461035	Sale	211	54.71
US4601461035	Sale	923	54.63
US4601461035	Sale	271	54.64
US4601461035	Sale	2,029	54.48
US4601461035	Sale	59	54.85
US4601461035	Purchase	184	54.26
US4601461035	Sale	19	54.91
US4601461035	Purchase	3	55.56
US4601461035	Purchase	76	54.34
US4601461035	Sale	547	53.89
US4601461035	Sale	266	54.45
US4601461035	Sale	423	54.81
US4601461035	Purchase	367	54.36
US4601461035	Sale	630	54.74
US4601461035	Sale	44	53.94
US4601461035	Sale	71	54.84
US4601461035	Sale	152	53.72

(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

US4601461035

Equity Swap

Reducing a long position

108

55.16 USD

US4601461035

Equity Swap

Increasing a long position

281

55.20 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 (USD)

US4601461035

Put Option

Purchasing

1,200

55.00

American

21/02/2025

2.77

(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:		19^th December 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	300	40.00	American	17/01/2025
US4601461035	Put Option	Purchased	800	32.50	American	17/01/2025
US4601461035	Call Option	Purchased	12,200	45.00	American	17/01/2025
US4601461035	Put Option	Purchased	65,800	45.00	American	17/01/2025
US4601461035	Call Option	Purchased	100	47.50	American	16/01/2026
US4601461035	Put Option	Purchased	40,900	47.50	American	17/01/2025
US4601461035	Put Option	Purchased	1,000	50.00	American	17/01/2025
US4601461035	Put Option	Purchased	10,700	55.00	American	17/01/2025
US4601461035	Put Option	Purchased	21,200	57.50	American	17/01/2025
US4601461035	Put Option	Purchased	800	57.50	American	17/04/2025
US4601461035	Put Option	Purchased	2,900	56.00	American	24/01/2025
US4601461035	Put Option	Purchased	4,800	55.00	American	21/02/2025
US4601461035	Put Option	Purchased	3,900	52.50	American	21/02/2025

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/20241219221361/en/

Contacts

Millennium Partners, L.P.

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Tiger Brokers

Form 8.3 - International Paper Company

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