Form 8.3 - International Paper Company

Business Wire

06 Jan

LONDON, January 06, 2025--(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	03-01-2025
(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	5,920,651	1.70
(2) Cash-settled derivatives:	0	0.0	0	0.0
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	7,500	0.001	8,800	0.002
TOTAL:	7,500	0.002	5,929,451	1.70

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	8	53.23
Common Stock	Sale	35	52.89
Common Stock	Sale	81	53.36
Common Stock	Sale	91	52.91
Common Stock	Sale	92	53.35
Common Stock	Sale	100	52.90
Common Stock	Sale	100	53.30
Common Stock	Sale	100	53.46
Common Stock	Sale	109	53.31
Common Stock	Sale	130	53.40
Common Stock	Sale	134	53.33
Common Stock	Sale	148	52.85
Common Stock	Sale	279	53.11
Common Stock	Sale	295	53.38
Common Stock	Sale	300	53.32
Common Stock	Sale	360	53.01
Common Stock	Purchase	1	53.02
Common Stock	Purchase	7	52.73
Common Stock	Purchase	8	53.44
Common Stock	Purchase	9	52.73
Common Stock	Purchase	15	53.30
Common Stock	Purchase	17	53.43
Common Stock	Purchase	20	52.72
Common Stock	Purchase	20	53.23
Common Stock	Purchase	20	53.47
Common Stock	Purchase	24	53.17
Common Stock	Purchase	26	53.22
Common Stock	Purchase	33	53.44
Common Stock	Purchase	34	53.05
Common Stock	Purchase	37	52.93
Common Stock	Purchase	40	53.05
Common Stock	Purchase	44	52.79
Common Stock	Purchase	48	53.41
Common Stock	Purchase	61	52.80
Common Stock	Purchase	67	53.33
Common Stock	Purchase	68	53.00
Common Stock	Purchase	84	52.88
Common Stock	Purchase	96	53.29
Common Stock	Purchase	99	52.93
Common Stock	Purchase	100	52.77
Common Stock	Purchase	100	52.77
Common Stock	Purchase	100	52.84
Common Stock	Purchase	100	52.86
Common Stock	Purchase	100	52.87
Common Stock	Purchase	100	52.91
Common Stock	Purchase	100	52.95
Common Stock	Purchase	100	53.09
Common Stock	Purchase	100	53.16
Common Stock	Purchase	100	53.32
Common Stock	Purchase	122	53.40
Common Stock	Purchase	124	53.26
Common Stock	Purchase	141	53.04
Common Stock	Purchase	151	52.98
Common Stock	Purchase	158	53.28
Common Stock	Purchase	162	53.50
Common Stock	Purchase	185	53.08
Common Stock	Purchase	200	52.90
Common Stock	Purchase	200	52.92
Common Stock	Purchase	200	52.96
Common Stock	Purchase	200	53.18
Common Stock	Purchase	200	53.27
Common Stock	Purchase	212	53.42
Common Stock	Purchase	222	53.12
Common Stock	Purchase	245	52.75
Common Stock	Purchase	290	52.69
Common Stock	Purchase	300	52.95
Common Stock	Purchase	301	52.76
Common Stock	Purchase	322	52.80
Common Stock	Purchase	329	53.36
Common Stock	Purchase	357	52.94
Common Stock	Purchase	357	53.31
Common Stock	Purchase	400	52.71
Common Stock	Purchase	402	53.09
Common Stock	Purchase	478	53.25
Common Stock	Purchase	500	53.07
Common Stock	Purchase	549	52.95
Common Stock	Purchase	580	53.10
Common Stock	Purchase	592	52.81
Common Stock	Purchase	596	53.14
Common Stock	Purchase	600	52.84
Common Stock	Purchase	623	53.20
Common Stock	Purchase	658	53.11
Common Stock	Purchase	738	52.98
Common Stock	Purchase	764	52.77
Common Stock	Purchase	887	53.15
Common Stock	Purchase	974	53.13
Common Stock	Purchase	1045	53.03
Common Stock	Purchase	1046	52.72
Common Stock	Purchase	1316	52.91
Common Stock	Purchase	1344	53.02
Common Stock	Purchase	1496	52.78
Common Stock	Purchase	1555	52.73
Common Stock	Purchase	1636	53.01
Common Stock	Purchase	1778	52.82
Common Stock	Purchase	1820	52.97
Common Stock	Purchase	1830	52.89
Common Stock	Purchase	1983	52.79
Common Stock	Purchase	2073	52.99
Common Stock	Purchase	2164	52.87
Common Stock	Purchase	2292	52.74
Common Stock	Purchase	2325	52.93
Common Stock	Purchase	2440	52.83
Common Stock	Purchase	2580	53.00
Common Stock	Purchase	2642	52.84
Common Stock	Purchase	3292	52.86
Common Stock	Purchase	3394	52.81
Common Stock	Purchase	4011	52.92
Common Stock	Purchase	4607	52.88
Common Stock	Purchase	7126	52.80
Common Stock	Purchase	8356	52.90
Common Stock	Purchase	84004	52.85

(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)

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)

Common Stock

Put Option

Increasing a short position

200

52.50

(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:	06-01-2025
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	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 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	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
Common Stock	Call Option IP US 09/19/25 C47.5 Equity	Purchase	100	USD 47.5	American	09/19/25
Common Stock	Call Option IP US 01/17/25 C50 Equity	Purchase	100	USD 50	American	01/17/25
Common Stock	Put Option IP US 01/17/25 P55 Equity	Purchase	100	USD 55	American	01/17/25
Common Stock	Call Option IP US 06/20/25 C45 Equity	Purchase	100	USD 45	American	06/20/25
Common Stock	Call Option IP US 10/17/25 C50 Equity	Purchase	100	USD 50	American	10/17/25
Common Stock	Call Option IP US 06/20/25 C47.5 Equity	Purchase	100	USD 47.5	American	06/20/25
Common Stock	Put Option IP US 01/17/25 P52.5 Equity	Written	100	USD 52.5	American	01/17/25
Common Stock	Put Option IP US 02/21/25 P52.5 Equity	Written	200	USD 52.5	American	02/21/25

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/20250106700432/en/

Contacts

Qube Research & Technologies LTD

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Form 8.3 - International Paper Company

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