Form 8.3 - International Paper Company

Barclays PLC

13 August 2024

 

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:			Barclays PLC.
(b)	Owner or controller of interest and short  positions disclosed, if different from 1(a):
(c)	Name of offeror/offeree in relation to whose  relevant securities this form relates:			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:			12 Aug 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?			YES:  DS SMITH PLC
2.	POSITIONS OF THE PERSON MAKING THE DISCLOSURE
(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:				792,378	0.23%	476,894	0.14%
(2) Cash-settled derivatives:				168,662	0.05%	0	0.00%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:				123,800	0.04%	113,300	0.03%
TOTAL:				1,084,840	0.31%	590,194	0.17%
(b)	Rights to subscribe for new securities (including directors and  other executive 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
(a)	Purchase and sales
Class of relevant  security	Purchase/sale	Number of  securities	Price per unit
common stock	Purchase	50,684	44.5080  USD
common stock	Purchase	39,394	44.5309  USD
common stock	Purchase	16,260	44.5175  USD
common stock	Purchase	11,020	44.5067  USD
common stock	Purchase	9,466	44.5196  USD
common stock	Purchase	9,305	44.5100  USD
common stock	Purchase	5,400	44.4800  USD
common stock	Purchase	4,368	44.4914  USD
common stock	Purchase	4,288	44.5126  USD
common stock	Purchase	4,118	44.5231  USD
common stock	Purchase	3,579	44.6615  USD
common stock	Purchase	2,956	44.5299  USD
common stock	Purchase	2,845	44.5099  USD
common stock	Purchase	1,604	44.5680  USD
common stock	Purchase	1,465	44.5043  USD
common stock	Purchase	527	44.5158  USD
common stock	Purchase	215	44.5000  USD
common stock	Purchase	211	44.5858  USD
common stock	Purchase	210	44.5050  USD
common stock	Purchase	107	44.5371  USD
common stock	Purchase	100	44.6300  USD
common stock	Purchase	95	44.5537  USD
common stock	Purchase	84	44.4600  USD
common stock	Purchase	82	44.7300  USD
common stock	Purchase	24	44.6100  USD
common stock	Purchase	19	44.6005  USD
common stock	Purchase	5	44.5600  USD
common stock	Sale	68,641	44.5090  USD
common stock	Sale	21,625	44.5400  USD
common stock	Sale	16,112	44.5180  USD
common stock	Sale	15,657	44.5151  USD
common stock	Sale	12,115	44.5100  USD
common stock	Sale	5,405	44.4800  USD
common stock	Sale	2,979	44.6900  USD
common stock	Sale	2,845	44.5099  USD
common stock	Sale	2,697	44.5370  USD
common stock	Sale	2,694	44.5137  USD
common stock	Sale	2,627	44.5374  USD
common stock	Sale	2,469	44.5259  USD
common stock	Sale	1,742	44.5323  USD
common stock	Sale	1,706	44.4967  USD
common stock	Sale	1,678	44.5529  USD
common stock	Sale	1,119	44.4907  USD
common stock	Sale	994	44.5200  USD
common stock	Sale	936	44.5504  USD
common stock	Sale	677	44.5397  USD
common stock	Sale	549	44.5084  USD
common stock	Sale	499	44.5089  USD
common stock	Sale	496	44.4431  USD
common stock	Sale	324	44.5195  USD
common stock	Sale	324	44.5191  USD
common stock	Sale	200	44.4200  USD
common stock	Sale	200	44.4700  USD
common stock	Sale	140	44.5232  USD
common stock	Sale	136	44.5000  USD
common stock	Sale	107	44.5371  USD
common stock	Sale	100	44.4350  USD
common stock	Sale	100	44.5600  USD
common stock	Sale	82	44.7300  USD
common stock	Sale	15	44.5800  USD
common stock	Sale	10	44.5350  USD
common stock	Sale	5	44.4600  USD
common stock	Sale	5	44.5500  USD
common stock	Sale	5	44.5900  USD
common stock	Sale	5	44.6800  USD
(b)	Cash-settled derivative transactions
Class of  relevant  security	Product  description	Nature of dealing	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	Writing,  purchasing,  selling,  varying etc	Number  of  securities  to which  option  relates	Exercise  price  per unit	Type	Expiry  date	Option  money  paid/  received  per unit
common stock	Put Options	Purchasing	88,600	45.0000  USD	American	16 Aug 2024	1.1200  USD
common stock	Put Options	Selling	123,800	45.0000  USD	American	20 Sep 2024	1.9500  USD
(ii)	Exercising
Class of relevant  security	Product description	Exercising/ exercised against	Number of  securities	Exercise price per  unit
(d)	Other dealings (including subscribing for  new securities)
Class of relevant  security	Nature of Dealings	Details	Price per unit (if  applicable)
4.	OTHER INFORMATION
(a)	Indemnity and other dealings 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:
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 of future acquisition or disposal of any relevant securities to which  any derivative is referenced:
NONE
(c)	Attachments
Is a Supplemental Form 8 (Open Positions) attached?				YES
Date of disclosure:				13 Aug 2024
Contact name:				Large Holdings Regulatory Operations
Telephone number:				020 3134 7213
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO
PURCHASE OR SELL ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1.    KEY INFORMATION
Identity of the person whose positions/dealings  are being disclosed:				Barclays PLC.
Name of offeror/offeree in relation to whose  relevant securities this from relates:				INTERNATIONAL PAPER CO
2.    OPTIONS AND DERIVATIVES
Class  of  relevant  security	Product  description	Writing,  purchasing,  selling,  varying etc	Number  of  securities  to which  option  relates	Exercise  price  per unit	Type	Expiry  date
common stock	Put Options	Purchased	-88,600	45.0000	American	16 Aug 2024
common stock	Put Options	Purchased	-24,700	43.0000	American	16 Aug 2024
common stock	Put Options	Written	123,800	45.0000	American	20 Sep 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:

 

END