Form 8.3 - International Paper Company

Citadel Group

10 December 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:	Citadel Group
(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.	N/A
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	INTERNATIONAL PAPER CO
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:	N/A
(e) Date position held/dealing undertaken:      For an opening position disclosure, state the latest practicable date prior to the disclosure	9 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, 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:	119	0.00	2,657,527	0.76
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	1,734,700	0.49	1,452,700	0.41
TOTAL:	1,734,819	0.49	4,110,227	1.18

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:	N/A
Details, including nature of the rights concerned and relevant percentages:	N/A

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	Buy Transaction	3	55.6300 USD
Common	Buy Transaction	100	55.6400 USD
Common	Buy Transaction	717	55.6432 USD
Common	Buy Transaction	200	55.6500 USD
Common	Buy Transaction	112	55.6543 USD
Common	Buy Transaction	762	55.6700 USD
Common	Buy Transaction	1,288	55.6760 USD
Common	Buy Transaction	776	55.6800 USD
Common	Buy Transaction	231	55.6844 USD
Common	Buy Transaction	2,827	55.6889 USD
Common	Buy Transaction	150	55.6900 USD
Common	Buy Transaction	1,181	55.6901 USD
Common	Buy Transaction	18	55.6928 USD
Common	Buy Transaction	25	55.6952 USD
Common	Buy Transaction	1,050	55.6986 USD
Common	Buy Transaction	926	55.7000 USD
Common	Buy Transaction	1,229	55.7008 USD
Common	Buy Transaction	230	55.7085 USD
Common	Buy Transaction	83	55.7100 USD
Common	Buy Transaction	411	55.7103 USD
Common	Buy Transaction	246	55.7115 USD
Common	Buy Transaction	200	55.7150 USD
Common	Buy Transaction	850	55.7157 USD
Common	Buy Transaction	236	55.7200 USD
Common	Buy Transaction	492	55.7225 USD
Common	Buy Transaction	185	55.7233 USD
Common	Buy Transaction	100	55.7250 USD
Common	Buy Transaction	50	55.7300 USD
Common	Buy Transaction	18	55.7311 USD
Common	Buy Transaction	11,805	55.7317 USD
Common	Buy Transaction	2	55.7325 USD
Common	Buy Transaction	72	55.7342 USD
Common	Buy Transaction	701	55.7400 USD
Common	Buy Transaction	306	55.7408 USD
Common	Buy Transaction	109	55.7433 USD
Common	Buy Transaction	258	55.7465 USD
Common	Buy Transaction	120	55.7486 USD
Common	Buy Transaction	801	55.7500 USD
Common	Buy Transaction	509	55.7500 USD
Common	Buy Transaction	12,653	55.7532 USD
Common	Buy Transaction	335	55.7542 USD
Common	Buy Transaction	1,370	55.7568 USD
Common	Buy Transaction	101	55.7578 USD
Common	Buy Transaction	2,715	55.7579 USD
Common	Buy Transaction	104	55.7582 USD
Common	Buy Transaction	171	55.7586 USD
Common	Buy Transaction	13,651	55.7592 USD
Common	Buy Transaction	391	55.7600 USD
Common	Buy Transaction	810	55.7613 USD
Common	Buy Transaction	437	55.7623 USD
Common	Buy Transaction	360	55.7646 USD
Common	Buy Transaction	100	55.7650 USD
Common	Buy Transaction	71	55.7661 USD
Common	Buy Transaction	233	55.7692 USD
Common	Buy Transaction	1,717	55.7698 USD
Common	Buy Transaction	1,064	55.7700 USD
Common	Buy Transaction	583	55.7738 USD
Common	Buy Transaction	187	55.7748 USD
Common	Buy Transaction	1,712	55.7763 USD
Common	Buy Transaction	772	55.7780 USD
Common	Buy Transaction	103,234	55.7800 USD
Common	Buy Transaction	400	55.7801 USD
Common	Buy Transaction	200	55.7850 USD
Common	Buy Transaction	6,835	55.7874 USD
Common	Buy Transaction	200	55.7875 USD
Common	Buy Transaction	2,459	55.7904 USD
Common	Buy Transaction	380	55.7955 USD
Common	Buy Transaction	50	55.7960 USD
Common	Buy Transaction	86	55.8000 USD
Common	Buy Transaction	3,620	55.8010 USD
Common	Buy Transaction	18	55.8015 USD
Common	Buy Transaction	34	55.8029 USD
Common	Buy Transaction	6,174	55.8069 USD
Common	Buy Transaction	1,541	55.8071 USD
Common	Buy Transaction	35	55.8100 USD
Common	Buy Transaction	404	55.8134 USD
Common	Buy Transaction	665	55.8136 USD
Common	Buy Transaction	339	55.8149 USD
Common	Buy Transaction	271	55.8156 USD
Common	Buy Transaction	1,012	55.8164 USD
Common	Buy Transaction	21	55.8176 USD
Common	Buy Transaction	26	55.8200 USD
Common	Buy Transaction	66	55.8235 USD
Common	Buy Transaction	125	55.8238 USD
Common	Buy Transaction	122	55.8243 USD
Common	Buy Transaction	2,027	55.8281 USD
Common	Buy Transaction	1,487	55.8300 USD
Common	Buy Transaction	20	55.8325 USD
Common	Buy Transaction	2,739	55.8335 USD
Common	Buy Transaction	2,110	55.8345 USD
Common	Buy Transaction	1,581	55.8367 USD
Common	Buy Transaction	38	55.8400 USD
Common	Buy Transaction	117	55.8424 USD
Common	Buy Transaction	86	55.8450 USD
Common	Buy Transaction	618	55.8454 USD
Common	Buy Transaction	404	55.8459 USD
Common	Buy Transaction	298	55.8517 USD
Common	Buy Transaction	863	55.8530 USD
Common	Buy Transaction	1,600	55.8534 USD
Common	Buy Transaction	86	55.8535 USD
Common	Buy Transaction	62	55.8569 USD
Common	Buy Transaction	6,676	55.8656 USD
Common	Buy Transaction	1,973	55.8706 USD
Common	Buy Transaction	139	55.8773 USD
Common	Buy Transaction	591	55.8789 USD
Common	Buy Transaction	147	55.8800 USD
Common	Buy Transaction	349	55.8828 USD
Common	Buy Transaction	200	55.8929 USD
Common	Buy Transaction	30	55.9000 USD
Common	Buy Transaction	425	55.9071 USD
Common	Buy Transaction	52	55.9071 USD
Common	Buy Transaction	242	55.9100 USD
Common	Buy Transaction	2,716	55.9107 USD
Common	Buy Transaction	210	55.9110 USD
Common	Buy Transaction	657	55.9177 USD
Common	Buy Transaction	599	55.9198 USD
Common	Buy Transaction	702	55.9200 USD
Common	Buy Transaction	12	55.9250 USD
Common	Buy Transaction	1,274	55.9271 USD
Common	Buy Transaction	119	55.9276 USD
Common	Buy Transaction	274	55.9285 USD
Common	Buy Transaction	197	55.9300 USD
Common	Buy Transaction	936	55.9389 USD
Common	Buy Transaction	198	55.9400 USD
Common	Buy Transaction	83	55.9427 USD
Common	Buy Transaction	1,160	55.9449 USD
Common	Buy Transaction	32,223	55.9475 USD
Common	Buy Transaction	40	55.9500 USD
Common	Buy Transaction	271	55.9528 USD
Common	Buy Transaction	48	55.9537 USD
Common	Buy Transaction	764	55.9560 USD
Common	Buy Transaction	704	55.9570 USD
Common	Buy Transaction	224	55.9586 USD
Common	Buy Transaction	44	55.9600 USD
Common	Buy Transaction	23	55.9652 USD
Common	Buy Transaction	32	55.9653 USD
Common	Buy Transaction	10,728	55.9661 USD
Common	Buy Transaction	200	55.9800 USD
Common	Buy Transaction	150	55.9820 USD
Common	Buy Transaction	68	55.9863 USD
Common	Buy Transaction	108	55.9885 USD
Common	Buy Transaction	19	55.9947 USD
Common	Buy Transaction	61	56.0000 USD
Common	Buy Transaction	182	56.0098 USD
Common	Buy Transaction	555	56.0133 USD
Common	Buy Transaction	50	56.0200 USD
Common	Buy Transaction	100	56.0300 USD
Common	Buy Transaction	2,035	56.0337 USD
Common	Buy Transaction	2	56.0650 USD
Common	Buy Transaction	13,475	56.0753 USD
Common	Buy Transaction	16	56.1000 USD
Common	Buy Transaction	449	56.1073 USD
Common	Buy Transaction	2,980	56.1463 USD
Common	Buy Transaction	157	56.1791 USD
Common	Buy Transaction	1,869	56.1873 USD
Common	Buy Transaction	200	56.2000 USD
Common	Buy Transaction	53	56.2140 USD
Common	Buy Transaction	621	56.2212 USD
Common	Buy Transaction	20	56.2500 USD
Common	Buy Transaction	1	56.3000 USD
Common	Buy Transaction	112	56.5962 USD
Common	Buy Transaction	2,043	56.6243 USD
Common	Buy Transaction	10	56.7150 USD
Common	Buy Transaction	10	56.7800 USD
Common	Buy Transaction	35	56.8100 USD
Common	Buy Transaction	600	57.0000 USD
Common	Buy Transaction	201	57.0300 USD
Common	Buy Transaction	299	57.2200 USD
Common	DVP Transaction	3	55.6567 USD
Common	DVP Transaction	6	55.6600 USD
Common	DVP Transaction	9	55.6700 USD
Common	DVP Transaction	7	55.6900 USD
Common	DVP Transaction	2	55.7000 USD
Common	DVP Transaction	3	55.7067 USD
Common	DVP Transaction	92	55.7100 USD
Common	DVP Transaction	17	55.7118 USD
Common	DVP Transaction	871	55.7171 USD
Common	DVP Transaction	16	55.7200 USD
Common	DVP Transaction	3	55.7267 USD
Common	DVP Transaction	12	55.7300 USD
Common	DVP Transaction	75	55.7397 USD
Common	DVP Transaction	46	55.7463 USD
Common	DVP Transaction	3	55.7467 USD
Common	DVP Transaction	106	55.7500 USD
Common	DVP Transaction	46	55.7509 USD
Common	DVP Transaction	12	55.7667 USD
Common	DVP Transaction	19	55.7700 USD
Common	DVP Transaction	3	55.7767 USD
Common	DVP Transaction	74,001	55.7800 USD
Common	DVP Transaction	3	55.7867 USD
Common	DVP Transaction	5	55.7900 USD
Common	DVP Transaction	3	55.7967 USD
Common	DVP Transaction	3	55.8000 USD
Common	DVP Transaction	97	55.8024 USD
Common	DVP Transaction	3	55.8200 USD
Common	DVP Transaction	43	55.8265 USD
Common	DVP Transaction	3	55.8300 USD
Common	DVP Transaction	41	55.8366 USD
Common	DVP Transaction	3	55.8400 USD
Common	DVP Transaction	3	55.8600 USD
Common	DVP Transaction	3	55.8667 USD
Common	DVP Transaction	46	55.8680 USD
Common	DVP Transaction	6	55.8700 USD
Common	DVP Transaction	3	55.8767 USD
Common	DVP Transaction	3	55.8967 USD
Common	DVP Transaction	2	55.9000 USD
Common	DVP Transaction	3	55.9100 USD
Common	DVP Transaction	39	55.9151 USD
Common	DVP Transaction	12	55.9167 USD
Common	DVP Transaction	13	55.9200 USD
Common	DVP Transaction	5	55.9300 USD
Common	DVP Transaction	2	55.9350 USD
Common	DVP Transaction	12	55.9400 USD
Common	DVP Transaction	3	55.9567 USD
Common	DVP Transaction	12	55.9600 USD
Common	DVP Transaction	6	55.9667 USD
Common	DVP Transaction	1	55.9700 USD
Common	DVP Transaction	24	55.9750 USD
Common	DVP Transaction	50	55.9800 USD
Common	DVP Transaction	77	55.9887 USD
Common	DVP Transaction	27	55.9900 USD
Common	DVP Transaction	3	55.9967 USD
Common	DVP Transaction	58	56.0000 USD
Common	DVP Transaction	3	56.0100 USD
Common	DVP Transaction	2	56.0200 USD
Common	DVP Transaction	3	56.0267 USD
Common	DVP Transaction	5	56.0300 USD
Common	DVP Transaction	2	56.0350 USD
Common	DVP Transaction	2	56.0400 USD
Common	DVP Transaction	5	56.0500 USD
Common	DVP Transaction	9	56.0700 USD
Common	DVP Transaction	2	56.0750 USD
Common	DVP Transaction	12	56.0800 USD
Common	DVP Transaction	10	56.1000 USD
Common	DVP Transaction	5	56.1160 USD
Common	DVP Transaction	10	56.1450 USD
Common	DVP Transaction	2	56.2150 USD
Common	DVP Transaction	1	56.4800 USD
Common	DVP Transaction	1	56.7700 USD
Common	DVP Transaction	65	56.8185 USD
Common	DVP Transaction	1,014	56.9375 USD
Common	DVP Transaction	370	56.9791 USD
Common	DVP Transaction	18	57.0050 USD
Common	DVP Transaction	60	57.0183 USD
Common	DVP Transaction	8,439	57.0300 USD
Common	RVP Transaction	289	55.7165 USD
Common	RVP Transaction	154	55.7237 USD
Common	RVP Transaction	132	55.7295 USD
Common	RVP Transaction	6	55.7400 USD
Common	RVP Transaction	3	55.7500 USD
Common	RVP Transaction	152	55.7601 USD
Common	RVP Transaction	10	55.7700 USD
Common	RVP Transaction	73,693	55.7800 USD
Common	RVP Transaction	377	55.7833 USD
Common	RVP Transaction	13	55.7946 USD
Common	RVP Transaction	366	55.7961 USD
Common	RVP Transaction	10	55.8000 USD
Common	RVP Transaction	73	55.8067 USD
Common	RVP Transaction	9	55.8122 USD
Common	RVP Transaction	116	55.8212 USD
Common	RVP Transaction	101	55.8271 USD
Common	RVP Transaction	1	55.8700 USD
Common	RVP Transaction	9	55.8922 USD
Common	RVP Transaction	13	55.9069 USD
Common	RVP Transaction	108	55.9070 USD
Common	RVP Transaction	42	55.9152 USD
Common	RVP Transaction	3	55.9167 USD
Common	RVP Transaction	4	55.9325 USD
Common	RVP Transaction	18	55.9344 USD
Common	RVP Transaction	1	55.9400 USD
Common	RVP Transaction	14	55.9514 USD
Common	RVP Transaction	2	55.9600 USD
Common	RVP Transaction	1	55.9700 USD
Common	RVP Transaction	81	55.9800 USD
Common	RVP Transaction	8	55.9900 USD
Common	RVP Transaction	9	55.9933 USD
Common	RVP Transaction	5	55.9940 USD
Common	RVP Transaction	3	55.9967 USD
Common	RVP Transaction	4	56.0000 USD
Common	RVP Transaction	19	56.0100 USD
Common	RVP Transaction	26	56.3062 USD
Common	RVP Transaction	70	56.6686 USD
Common	RVP Transaction	638	56.7233 USD
Common	RVP Transaction	22	56.8150 USD
Common	RVP Transaction	7,188	57.0108 USD
Common	RVP Transaction	2,098	57.0300 USD
Common	Sell Transaction	6	55.6300 USD
Common	Sell Transaction	996	55.6738 USD
Common	Sell Transaction	424	55.6781 USD
Common	Sell Transaction	360	55.6800 USD
Common	Sell Transaction	532	55.6810 USD
Common	Sell Transaction	2	55.6850 USD
Common	Sell Transaction	712	55.6900 USD
Common	Sell Transaction	352	55.6905 USD
Common	Sell Transaction	200	55.6910 USD
Common	Sell Transaction	361	55.6916 USD
Common	Sell Transaction	157	55.6930 USD
Common	Sell Transaction	149	55.6932 USD
Common	Sell Transaction	305	55.6971 USD
Common	Sell Transaction	497	55.6974 USD
Common	Sell Transaction	699	55.7000 USD
Common	Sell Transaction	431	55.7045 USD
Common	Sell Transaction	95	55.7054 USD
Common	Sell Transaction	3,661	55.7056 USD
Common	Sell Transaction	415	55.7063 USD
Common	Sell Transaction	656	55.7067 USD
Common	Sell Transaction	1,628	55.7074 USD
Common	Sell Transaction	5	55.7080 USD
Common	Sell Transaction	670	55.7127 USD
Common	Sell Transaction	221	55.7172 USD
Common	Sell Transaction	254	55.7174 USD
Common	Sell Transaction	640	55.7174 USD
Common	Sell Transaction	216	55.7177 USD
Common	Sell Transaction	160	55.7188 USD
Common	Sell Transaction	74	55.7196 USD
Common	Sell Transaction	326	55.7200 USD
Common	Sell Transaction	64	55.7208 USD
Common	Sell Transaction	2,374	55.7214 USD
Common	Sell Transaction	1,053	55.7249 USD
Common	Sell Transaction	70	55.7253 USD
Common	Sell Transaction	284	55.7273 USD
Common	Sell Transaction	512	55.7300 USD
Common	Sell Transaction	744	55.7306 USD
Common	Sell Transaction	2,584	55.7323 USD
Common	Sell Transaction	59	55.7325 USD
Common	Sell Transaction	103	55.7334 USD
Common	Sell Transaction	263	55.7337 USD
Common	Sell Transaction	95	55.7351 USD
Common	Sell Transaction	202	55.7356 USD
Common	Sell Transaction	804	55.7362 USD
Common	Sell Transaction	194	55.7370 USD
Common	Sell Transaction	129	55.7377 USD
Common	Sell Transaction	117	55.7378 USD
Common	Sell Transaction	105	55.7386 USD
Common	Sell Transaction	344	55.7391 USD
Common	Sell Transaction	10	55.7400 USD
Common	Sell Transaction	219	55.7409 USD
Common	Sell Transaction	333	55.7413 USD
Common	Sell Transaction	1,139	55.7422 USD
Common	Sell Transaction	10	55.7450 USD
Common	Sell Transaction	30	55.7483 USD
Common	Sell Transaction	254	55.7500 USD
Common	Sell Transaction	250	55.7512 USD
Common	Sell Transaction	50	55.7514 USD
Common	Sell Transaction	201	55.7517 USD
Common	Sell Transaction	49	55.7519 USD
Common	Sell Transaction	31	55.7526 USD
Common	Sell Transaction	964	55.7538 USD
Common	Sell Transaction	4	55.7550 USD
Common	Sell Transaction	13	55.7592 USD
Common	Sell Transaction	600	55.7600 USD
Common	Sell Transaction	1,195	55.7667 USD
Common	Sell Transaction	620	55.7681 USD
Common	Sell Transaction	43	55.7681 USD
Common	Sell Transaction	1,735	55.7683 USD
Common	Sell Transaction	30	55.7683 USD
Common	Sell Transaction	476	55.7700 USD
Common	Sell Transaction	111	55.7705 USD
Common	Sell Transaction	105	55.7709 USD
Common	Sell Transaction	321	55.7709 USD
Common	Sell Transaction	129	55.7710 USD
Common	Sell Transaction	395	55.7710 USD
Common	Sell Transaction	155	55.7715 USD
Common	Sell Transaction	675	55.7718 USD
Common	Sell Transaction	115	55.7719 USD
Common	Sell Transaction	83	55.7723 USD
Common	Sell Transaction	30	55.7730 USD
Common	Sell Transaction	260	55.7738 USD
Common	Sell Transaction	786	55.7751 USD
Common	Sell Transaction	112	55.7757 USD
Common	Sell Transaction	60	55.7767 USD
Common	Sell Transaction	1,347	55.7794 USD
Common	Sell Transaction	79,701	55.7800 USD
Common	Sell Transaction	52	55.7851 USD
Common	Sell Transaction	156	55.7853 USD
Common	Sell Transaction	62	55.7854 USD
Common	Sell Transaction	53	55.7855 USD
Common	Sell Transaction	65	55.7898 USD
Common	Sell Transaction	406	55.7900 USD
Common	Sell Transaction	130	55.7916 USD
Common	Sell Transaction	327	55.7917 USD
Common	Sell Transaction	77	55.7918 USD
Common	Sell Transaction	112	55.7929 USD
Common	Sell Transaction	903	55.7946 USD
Common	Sell Transaction	232	55.7986 USD
Common	Sell Transaction	92	55.7988 USD
Common	Sell Transaction	78	55.7995 USD
Common	Sell Transaction	169	55.7996 USD
Common	Sell Transaction	403	55.8000 USD
Common	Sell Transaction	128	55.8009 USD
Common	Sell Transaction	104	55.8015 USD
Common	Sell Transaction	300	55.8033 USD
Common	Sell Transaction	32	55.8038 USD
Common	Sell Transaction	106	55.8043 USD
Common	Sell Transaction	88	55.8059 USD
Common	Sell Transaction	6	55.8100 USD
Common	Sell Transaction	559	55.8115 USD
Common	Sell Transaction	600	55.8128 USD
Common	Sell Transaction	474	55.8135 USD
Common	Sell Transaction	28	55.8146 USD
Common	Sell Transaction	596	55.8163 USD
Common	Sell Transaction	1,499	55.8164 USD
Common	Sell Transaction	520	55.8164 USD
Common	Sell Transaction	372	55.8263 USD
Common	Sell Transaction	6,626	55.8278 USD
Common	Sell Transaction	945	55.8281 USD
Common	Sell Transaction	233	55.8322 USD
Common	Sell Transaction	202	55.8326 USD
Common	Sell Transaction	660	55.8327 USD
Common	Sell Transaction	845	55.8329 USD
Common	Sell Transaction	262	55.8331 USD
Common	Sell Transaction	538	55.8366 USD
Common	Sell Transaction	245	55.8371 USD
Common	Sell Transaction	590	55.8380 USD
Common	Sell Transaction	212	55.8392 USD
Common	Sell Transaction	999	55.8394 USD
Common	Sell Transaction	64	55.8395 USD
Common	Sell Transaction	140	55.8400 USD
Common	Sell Transaction	3,823	55.8415 USD
Common	Sell Transaction	331	55.8478 USD
Common	Sell Transaction	4,109	55.8500 USD
Common	Sell Transaction	2,353	55.8552 USD
Common	Sell Transaction	2,810	55.8593 USD
Common	Sell Transaction	10,578	55.8602 USD
Common	Sell Transaction	200	55.8650 USD
Common	Sell Transaction	1,760	55.8654 USD
Common	Sell Transaction	3,835	55.8672 USD
Common	Sell Transaction	446	55.8673 USD
Common	Sell Transaction	1,457	55.8674 USD
Common	Sell Transaction	2,644	55.8699 USD
Common	Sell Transaction	83	55.8700 USD
Common	Sell Transaction	10,468	55.8736 USD
Common	Sell Transaction	3	55.8767 USD
Common	Sell Transaction	93	55.8771 USD
Common	Sell Transaction	2	55.8800 USD
Common	Sell Transaction	1,790	55.8827 USD
Common	Sell Transaction	10	55.8900 USD
Common	Sell Transaction	286	55.8922 USD
Common	Sell Transaction	200	55.8950 USD
Common	Sell Transaction	54	55.8974 USD
Common	Sell Transaction	21	55.8981 USD
Common	Sell Transaction	200	55.9000 USD
Common	Sell Transaction	452	55.9037 USD
Common	Sell Transaction	103	55.9100 USD
Common	Sell Transaction	483	55.9107 USD
Common	Sell Transaction	1,848	55.9120 USD
Common	Sell Transaction	22	55.9186 USD
Common	Sell Transaction	37	55.9200 USD
Common	Sell Transaction	178	55.9277 USD
Common	Sell Transaction	205	55.9286 USD
Common	Sell Transaction	692	55.9300 USD
Common	Sell Transaction	906	55.9310 USD
Common	Sell Transaction	3	55.9333 USD
Common	Sell Transaction	1,902	55.9360 USD
Common	Sell Transaction	940	55.9391 USD
Common	Sell Transaction	110	55.9400 USD
Common	Sell Transaction	10	55.9460 USD
Common	Sell Transaction	1,514	55.9464 USD
Common	Sell Transaction	420	55.9481 USD
Common	Sell Transaction	1,116	55.9500 USD
Common	Sell Transaction	110	55.9579 USD
Common	Sell Transaction	314	55.9600 USD
Common	Sell Transaction	186	55.9665 USD
Common	Sell Transaction	45	55.9667 USD
Common	Sell Transaction	106	55.9700 USD
Common	Sell Transaction	2	55.9750 USD
Common	Sell Transaction	56	55.9793 USD
Common	Sell Transaction	421	55.9800 USD
Common	Sell Transaction	375	55.9800 USD
Common	Sell Transaction	1,856	55.9884 USD
Common	Sell Transaction	104	55.9900 USD
Common	Sell Transaction	10,971	55.9959 USD
Common	Sell Transaction	646	55.9970 USD
Common	Sell Transaction	100	56.0000 USD
Common	Sell Transaction	101	56.0095 USD
Common	Sell Transaction	18	56.0100 USD
Common	Sell Transaction	431	56.0134 USD
Common	Sell Transaction	30	56.0200 USD
Common	Sell Transaction	3	56.0267 USD
Common	Sell Transaction	58	56.0300 USD
Common	Sell Transaction	5	56.0400 USD
Common	Sell Transaction	255	56.0464 USD
Common	Sell Transaction	55	56.0500 USD
Common	Sell Transaction	100	56.0600 USD
Common	Sell Transaction	1	56.0700 USD
Common	Sell Transaction	10	56.0800 USD
Common	Sell Transaction	200	56.0900 USD
Common	Sell Transaction	4,626	56.1319 USD
Common	Sell Transaction	19	56.1600 USD
Common	Sell Transaction	10	56.1650 USD
Common	Sell Transaction	38,550	56.2194 USD
Common	Sell Transaction	642	56.2271 USD
Common	Sell Transaction	1,396	56.2489 USD
Common	Sell Transaction	588	56.2745 USD
Common	Sell Transaction	996	56.3418 USD
Common	Sell Transaction	1,030	56.4153 USD
Common	Sell Transaction	1,310	56.4203 USD
Common	Sell Transaction	11	56.5409 USD
Common	Sell Transaction	267	56.6738 USD
Common	Sell Transaction	969	56.6900 USD
Common	Sell Transaction	100	56.6992 USD
Common	Sell Transaction	2	57.0350 USD
Common	Sell Transaction	71	57.2625 USD

(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
Common	Call Option	Buy Transaction	10	60.0000 USD	American	2024-Dec-20	0.0500 USD
Common	Call Option	Buy Transaction	1	59.0000 USD	American	2024-Dec-20	0.1000 USD
Common	Call Option	Buy Transaction	9	59.0000 USD	American	2024-Dec-20	0.1400 USD
Common	Call Option	Buy Transaction	5	59.0000 USD	American	2024-Dec-20	0.1500 USD
Common	Call Option	Buy Transaction	49	59.0000 USD	American	2024-Dec-20	0.1700 USD
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2024-Dec-13	0.2000 USD
Common	Call Option	Buy Transaction	62	62.5000 USD	American	2025-Jan-17	0.2000 USD
Common	Call Option	Buy Transaction	1	57.0000 USD	American	2024-Dec-13	0.2300 USD
Common	Call Option	Buy Transaction	17	58.0000 USD	American	2024-Dec-20	0.3000 USD
Common	Put Option	Buy Transaction	1	54.0000 USD	American	2024-Dec-20	0.3200 USD
Common	Call Option	Buy Transaction	2	58.0000 USD	American	2024-Dec-20	0.3500 USD
Common	Call Option	Buy Transaction	2	57.5000 USD	American	2024-Dec-20	0.3900 USD
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2024-Dec-20	0.4000 USD
Common	Call Option	Buy Transaction	10	57.5000 USD	American	2024-Dec-20	0.4500 USD
Common	Call Option	Buy Transaction	1	57.0000 USD	American	2024-Dec-13	0.4500 USD
Common	Put Option	Buy Transaction	13	56.0000 USD	American	2024-Dec-13	0.5000 USD
Common	Put Option	Buy Transaction	1	45.0000 USD	American	2025-Feb-21	0.5000 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jan-17	0.5500 USD
Common	Call Option	Buy Transaction	1	56.0000 USD	American	2024-Dec-13	0.5700 USD
Common	Put Option	Buy Transaction	3	52.5000 USD	American	2025-Jan-17	0.6000 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jan-03	0.6000 USD
Common	Call Option	Buy Transaction	1	57.0000 USD	American	2024-Dec-20	0.6500 USD
Common	Call Option	Buy Transaction	1	56.0000 USD	American	2024-Dec-13	0.7000 USD
Common	Put Option	Buy Transaction	1	56.0000 USD	American	2024-Dec-20	0.7000 USD
Common	Call Option	Buy Transaction	10	65.0000 USD	American	2025-Apr-17	0.8500 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jan-17	0.9000 USD
Common	Call Option	Buy Transaction	10	56.0000 USD	American	2024-Dec-20	0.9500 USD
Common	Call Option	Buy Transaction	2	59.0000 USD	American	2025-Jan-10	0.9500 USD
Common	Put Option	Buy Transaction	1	57.0000 USD	American	2024-Dec-20	1.1000 USD
Common	Call Option	Buy Transaction	1	62.5000 USD	American	2025-Apr-17	1.3000 USD
Common	Call Option	Buy Transaction	3	60.0000 USD	American	2025-Feb-21	1.4000 USD
Common	Call Option	Buy Transaction	7	60.0000 USD	American	2025-Feb-21	1.5200 USD
Common	Put Option	Buy Transaction	3	58.0000 USD	American	2024-Dec-20	1.6500 USD
Common	Put Option	Buy Transaction	20	56.0000 USD	American	2025-Jan-24	1.9000 USD
Common	Put Option	Buy Transaction	102	56.0000 USD	American	2025-Jan-24	1.9500 USD
Common	Put Option	Buy Transaction	46	56.0000 USD	American	2025-Jan-24	2.0000 USD
Common	Put Option	Buy Transaction	1	57.5000 USD	American	2025-Jan-17	2.0500 USD
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2025-Feb-21	2.3500 USD
Common	Put Option	Buy Transaction	4	57.5000 USD	American	2025-Jan-17	2.5000 USD
Common	Call Option	Buy Transaction	1	52.5000 USD	American	2025-Jan-17	4.1000 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Apr-17	4.2000 USD
Common	Call Option	Buy Transaction	1	52.5000 USD	American	2025-Apr-17	5.9000 USD
Common	Call Option	Buy Transaction	3	47.5000 USD	American	2026-Jan-16	11.7800 USD
Common	Call Option	Buy Transaction	4	35.0000 USD	American	2026-Jan-16	21.4000 USD
Common	Call Option	Buy Transaction	1	35.0000 USD	American	2026-Jan-16	21.6000 USD
Common	Call Option	Buy Transaction	6	35.0000 USD	American	2026-Jan-16	22.2000 USD
Common	Call Option	Sell Transaction	7	60.0000 USD	American	2024-Dec-27	0.1300 USD
Common	Put Option	Sell Transaction	2	55.0000 USD	American	2024-Dec-13	0.3000 USD
Common	Call Option	Sell Transaction	1	58.0000 USD	American	2024-Dec-20	0.3100 USD
Common	Put Option	Sell Transaction	2	42.5000 USD	American	2025-Apr-17	0.4000 USD
Common	Call Option	Sell Transaction	3	58.0000 USD	American	2024-Dec-27	0.4000 USD
Common	Put Option	Sell Transaction	10	54.0000 USD	American	2024-Dec-27	0.4000 USD
Common	Call Option	Sell Transaction	1	57.5000 USD	American	2024-Dec-20	0.4100 USD
Common	Put Option	Sell Transaction	4	54.0000 USD	American	2024-Dec-27	0.4500 USD
Common	Put Option	Sell Transaction	2	56.0000 USD	American	2024-Dec-13	0.5000 USD
Common	Call Option	Sell Transaction	3	60.0000 USD	American	2025-Jan-17	0.5700 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Jan-17	0.5800 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Jan-17	0.6200 USD
Common	Call Option	Sell Transaction	5	57.0000 USD	American	2024-Dec-27	0.7000 USD
Common	Call Option	Sell Transaction	10	57.0000 USD	American	2024-Dec-13	0.8500 USD
Common	Put Option	Sell Transaction	2	55.0000 USD	American	2025-Jan-03	0.9500 USD
Common	Call Option	Sell Transaction	4	56.0000 USD	American	2024-Dec-27	1.1500 USD
Common	Call Option	Sell Transaction	1	57.5000 USD	American	2025-Jan-17	1.2500 USD
Common	Put Option	Sell Transaction	1	57.0000 USD	American	2024-Dec-13	1.3700 USD
Common	Call Option	Sell Transaction	10	55.0000 USD	American	2024-Dec-20	1.5300 USD
Common	Call Option	Sell Transaction	3	55.0000 USD	American	2024-Dec-27	1.6000 USD
Common	Call Option	Sell Transaction	2	55.0000 USD	American	2024-Dec-27	1.7000 USD
Common	Put Option	Sell Transaction	1	57.0000 USD	American	2024-Dec-20	1.7000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2024-Dec-27	1.7500 USD
Common	Call Option	Sell Transaction	2	55.0000 USD	American	2024-Dec-27	1.8000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2025-Jan-03	1.9500 USD
Common	Put Option	Sell Transaction	2	56.0000 USD	American	2025-Jan-24	1.9500 USD
Common	Put Option	Sell Transaction	1	56.0000 USD	American	2025-Jan-24	2.0000 USD
Common	Call Option	Sell Transaction	10	55.0000 USD	American	2025-Jan-17	2.5500 USD
Common	Call Option	Sell Transaction	1	54.0000 USD	American	2024-Dec-27	2.6000 USD
Common	Put Option	Sell Transaction	4	57.0000 USD	American	2025-Jan-24	3.0000 USD
Common	Call Option	Sell Transaction	5	60.0000 USD	American	2025-Jun-20	3.1000 USD
Common	Call Option	Sell Transaction	2	57.5000 USD	American	2025-Apr-17	3.5000 USD
Common	Call Option	Sell Transaction	1	57.5000 USD	American	2025-Jun-20	3.9000 USD
Common	Call Option	Sell Transaction	1	47.5000 USD	American	2025-Jan-17	9.1000 USD
Common	Call Option	Sell Transaction	3	45.0000 USD	American	2025-Jun-20	12.4600 USD

(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:	10 December 2024
Contact name:	Paula Santos
Telephone number*:	020 7645 9700

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 [phone].

*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 SELL ETC.

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

1.         KEY INFORMATION

Full name of person making disclosure:	Citadel Group
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	INTERNATIONAL PAPER CO

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	Call Option	Purchased	72,300	50.0 USD	American	17/01/2025
Common	Call Option	Purchased	1,500	60.0 USD	American	18/07/2025
Common	Call Option	Purchased	100	35.0 USD	American	17/01/2025
Common	Call Option	Purchased	500	54.0 USD	American	27/12/2024
Common	Call Option	Purchased	3,600	63.0 USD	American	20/12/2024
Common	Call Option	Purchased	2,500	65.0 USD	American	20/06/2025
Common	Call Option	Purchased	100	40.0 USD	American	20/06/2025
Common	Call Option	Purchased	0	57.0 USD	American	03/01/2025
Common	Call Option	Purchased	500	40.0 USD	American	17/04/2025
Common	Call Option	Purchased	1,700	32.5 USD	American	16/01/2026
Common	Put Option	Purchased	-5,400	17.5 USD	American	16/01/2026
Common	Call Option	Purchased	52,200	40.0 USD	American	17/01/2025
Common	Call Option	Purchased	200	55.0 USD	American	18/07/2025
Common	Put Option	Purchased	-1,800	60.0 USD	American	20/12/2024
Common	Put Option	Purchased	-100	27.5 USD	American	17/01/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	14/10/2025
Common	Put Option	Purchased	-100	54.0 USD	American	20/12/2024
Common	Put Option	Purchased	-50,000	54.9 USD	European	13/10/2025
Common	Call Option	Purchased	0	45.0 USD	American	17/10/2025
Common	Put Option	Purchased	-42,400	55.0 USD	American	27/12/2024
Common	Call Option	Purchased	400	59.0 USD	American	27/12/2024
Common	Call Option	Purchased	59,900	52.5 USD	American	17/01/2025
Common	Put Option	Purchased	-4,500	45.0 USD	American	20/06/2025
Common	Call Option	Purchased	13,600	55.0 USD	American	17/01/2025
Common	Put Option	Purchased	-500	37.5 USD	American	19/09/2025
Common	Put Option	Purchased	-600	59.0 USD	American	20/12/2024
Common	Call Option	Purchased	100	67.5 USD	American	17/04/2025
Common	Put Option	Purchased	-2,800	40.0 USD	American	17/04/2025
Common	Call Option	Purchased	100	62.0 USD	American	10/01/2025
Common	Call Option	Purchased	500	60.0 USD	American	10/01/2025
Common	Call Option	Purchased	100	35.0 USD	American	15/01/2027
Common	Call Option	Purchased	500	53.0 USD	American	27/12/2024
Common	Call Option	Purchased	400	60.0 USD	American	17/01/2025
Common	Call Option	Purchased	11,300	55.0 USD	American	16/01/2026
Common	Put Option	Purchased	-2,300	47.5 USD	American	20/12/2024
Common	Call Option	Purchased	3,000	51.0 USD	American	27/12/2024
Common	Put Option	Purchased	-4,000	32.5 USD	American	16/01/2026
Common	Put Option	Purchased	-200	50.0 USD	American	27/12/2024
Common	Put Option	Purchased	-6,500	27.5 USD	American	17/01/2025
Common	Put Option	Purchased	-400	57.0 USD	American	20/12/2024
Common	Call Option	Purchased	200	62.0 USD	American	13/12/2024
Common	Call Option	Purchased	0	55.0 USD	American	13/12/2024
Common	Call Option	Purchased	5,800	55.0 USD	American	20/06/2025
Common	Call Option	Purchased	500	67.5 USD	American	17/01/2025
Common	Put Option	Purchased	-1,000	52.5 USD	American	16/01/2026
Common	Put Option	Purchased	-100	35.0 USD	American	16/01/2026
Common	Call Option	Purchased	400	58.0 USD	American	03/01/2025
Common	Put Option	Purchased	-33,200	50.0 USD	American	20/06/2025
Common	Put Option	Purchased	-12,100	37.5 USD	American	17/01/2025
Common	Put Option	Purchased	-100	32.5 USD	American	17/01/2025
Common	Call Option	Purchased	16,300	58.0 USD	American	13/12/2024
Common	Put Option	Purchased	-3,200	22.5 USD	American	17/01/2025
Common	Call Option	Purchased	600	50.0 USD	American	15/01/2027
Common	Put Option	Purchased	-11,500	52.5 USD	American	20/12/2024
Common	Put Option	Purchased	-4,500	45.0 USD	American	17/04/2025
Common	Put Option	Purchased	-500	37.5 USD	American	20/06/2025
Common	Put Option	Purchased	-7,400	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	24,900	65.0 USD	American	20/12/2024
Common	Put Option	Purchased	-23,100	52.5 USD	American	19/09/2025
Common	Call Option	Purchased	1,000	60.0 USD	American	21/02/2025
Common	Put Option	Purchased	-8,300	42.5 USD	American	17/01/2025
Common	Put Option	Purchased	-15,600	56.0 USD	American	24/01/2025
Common	Call Option	Purchased	300	63.0 USD	American	13/12/2024
Common	Call Option	Purchased	100	62.0 USD	American	27/12/2024
Common	Call Option	Purchased	205,000	45.0 USD	American	17/01/2025
Common	Put Option	Purchased	-7,400	58.0 USD	American	20/12/2024
Common	Put Option	Purchased	-100	37.5 USD	American	17/01/2025
Common	Put Option	Purchased	-500	54.0 USD	American	13/12/2024
Common	Call Option	Purchased	1,700	52.5 USD	American	17/04/2025
Common	Call Option	Purchased	200	70.0 USD	American	17/01/2025
Common	Call Option	Purchased	20,600	62.5 USD	American	17/01/2025
Common	Put Option	Purchased	-12,500	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	13,100	55.0 USD	American	17/01/2025
Common	Put Option	Purchased	-200	57.0 USD	American	27/12/2024
Common	Put Option	Purchased	-1,300	52.5 USD	American	17/01/2025
Common	Call Option	Purchased	100	62.0 USD	American	20/12/2024
Common	Call Option	Purchased	800	40.0 USD	American	15/01/2027
Common	Put Option	Purchased	-12,000	25.0 USD	American	17/01/2025
Common	Call Option	Purchased	28,900	52.5 USD	American	19/09/2025
Common	Put Option	Purchased	-100	47.5 USD	American	17/10/2025
Common	Call Option	Purchased	10,700	65.0 USD	American	17/04/2025
Common	Call Option	Purchased	5,200	60.0 USD	American	17/10/2025
Common	Put Option	Purchased	-700	55.0 USD	American	13/12/2024
Common	Call Option	Purchased	0	50.0 USD	American	19/09/2025
Common	Call Option	Purchased	200	59.0 USD	American	10/01/2025
Common	Put Option	Purchased	-100	45.0 USD	American	21/02/2025
Common	Call Option	Purchased	2,800	55.0 USD	American	19/09/2025
Common	Call Option	Purchased	3,500	60.0 USD	American	13/12/2024
Common	Put Option	Purchased	-400	42.5 USD	American	17/04/2025
Common	Put Option	Purchased	-1,200	15.0 USD	American	17/01/2025
Common	Call Option	Purchased	400	56.0 USD	American	20/12/2024
Common	Put Option	Purchased	-50,000	54.9 USD	European	15/10/2025
Common	Put Option	Purchased	-2,800	57.5 USD	American	20/12/2024
Common	Call Option	Purchased	1,300	57.0 USD	American	20/12/2024
Common	Call Option	Purchased	1,000	80.0 USD	American	16/01/2026
Common	Call Option	Purchased	81,500	54.9 USD	European	13/10/2025
Common	Call Option	Purchased	3,600	70.0 USD	American	20/06/2025
Common	Put Option	Purchased	-100	52.5 USD	American	17/10/2025
Common	Call Option	Purchased	300	70.0 USD	American	15/01/2027
Common	Call Option	Purchased	400	55.0 USD	American	15/01/2027
Common	Call Option	Purchased	61,300	55.0 USD	American	17/04/2025
Common	Call Option	Purchased	1,600	70.0 USD	American	17/04/2025
Common	Put Option	Purchased	-50,000	52.5 USD	American	16/01/2026
Common	Call Option	Purchased	14,800	50.0 USD	American	20/06/2025
Common	Call Option	Purchased	40,700	52.5 USD	American	20/06/2025
Common	Put Option	Purchased	-1,600	42.5 USD	American	20/06/2025
Common	Put Option	Purchased	-700	42.5 USD	American	19/09/2025
Common	Put Option	Purchased	-300	42.5 USD	American	20/12/2024
Common	Call Option	Purchased	6,600	61.0 USD	American	13/12/2024
Common	Call Option	Purchased	100	32.5 USD	American	17/01/2025
Common	Call Option	Purchased	1,200	64.0 USD	American	20/12/2024
Common	Put Option	Purchased	-2,400	60.0 USD	American	17/01/2025
Common	Call Option	Purchased	900	52.5 USD	American	15/01/2027
Common	Call Option	Purchased	7,200	62.5 USD	American	17/10/2025
Common	Put Option	Purchased	-3,000	45.0 USD	American	19/09/2025
Common	Call Option	Purchased	6,700	35.0 USD	American	16/01/2026
Common	Call Option	Purchased	81,500	54.9 USD	European	14/10/2025
Common	Put Option	Purchased	-9,000	40.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,700	61.0 USD	American	20/12/2024
Common	Call Option	Purchased	17,300	57.5 USD	American	19/09/2025
Common	Call Option	Purchased	3,000	30.0 USD	American	16/01/2026
Common	Call Option	Purchased	81,500	54.9 USD	European	15/10/2025
Common	Call Option	Purchased	1,000	57.0 USD	American	13/12/2024
Common	Call Option	Purchased	20,400	27.5 USD	American	16/01/2026
Common	Call Option	Purchased	5,900	37.5 USD	American	16/01/2026
Common	Put Option	Purchased	-3,800	50.0 USD	American	19/09/2025
Common	Put Option	Purchased	-11,700	55.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,300	58.0 USD	American	20/12/2024
Common	Put Option	Purchased	-500	20.0 USD	American	16/01/2026
Common	Call Option	Purchased	2,400	65.0 USD	American	17/01/2025
Common	Call Option	Purchased	100	62.0 USD	American	03/01/2025
Common	Call Option	Purchased	1,700	57.5 USD	American	17/10/2025
Common	Call Option	Purchased	1,400	57.5 USD	American	20/06/2025
Common	Put Option	Purchased	-200	57.0 USD	American	13/12/2024
Common	Put Option	Purchased	-100	55.0 USD	American	21/02/2025
Common	Put Option	Purchased	-200	40.0 USD	American	20/06/2025
Common	Put Option	Purchased	-600	50.0 USD	American	17/04/2025
Common	Put Option	Purchased	-800	56.0 USD	American	13/12/2024
Common	Put Option	Purchased	-3,800	56.0 USD	American	20/12/2024
Common	Call Option	Purchased	1,900	50.0 USD	American	17/01/2025
Common	Call Option	Purchased	200	30.0 USD	American	19/09/2025
Common	Call Option	Purchased	600	30.0 USD	American	15/01/2027
Common	Call Option	Purchased	700	65.0 USD	American	19/09/2025
Common	Call Option	Purchased	6,100	57.5 USD	American	20/12/2024
Common	Put Option	Purchased	0	59.0 USD	American	27/12/2024
Common	Put Option	Purchased	-28,000	58.0 USD	American	27/12/2024
Common	Put Option	Purchased	-7,800	57.5 USD	American	17/01/2025
Common	Put Option	Purchased	-2,800	20.0 USD	American	17/01/2025
Common	Put Option	Purchased	-20,000	55.0 USD	American	16/01/2026
Common	Put Option	Purchased	-200	25.0 USD	American	17/01/2025
Common	Call Option	Purchased	300	47.5 USD	American	17/01/2025
Common	Call Option	Purchased	9,000	60.0 USD	American	17/04/2025
Common	Call Option	Purchased	30,900	55.0 USD	American	17/10/2025
Common	Call Option	Purchased	38,500	42.5 USD	American	17/01/2025
Common	Put Option	Purchased	-24,000	22.5 USD	American	17/01/2025
Common	Put Option	Purchased	0	47.5 USD	American	15/01/2027
Common	Put Option	Purchased	-1,200	52.0 USD	American	27/12/2024
Common	Call Option	Purchased	22,200	52.5 USD	American	17/10/2025
Common	Call Option	Purchased	2,300	40.0 USD	American	16/01/2026
Common	Put Option	Purchased	-6,300	17.5 USD	American	17/01/2025
Common	Call Option	Purchased	600	50.0 USD	American	20/12/2024
Common	Call Option	Purchased	15,000	57.5 USD	American	17/04/2025
Common	Put Option	Purchased	0	61.0 USD	American	20/12/2024
Common	Call Option	Purchased	300	45.0 USD	American	17/04/2025
Common	Call Option	Purchased	600	32.5 USD	American	15/01/2027
Common	Call Option	Purchased	0	75.0 USD	American	20/06/2025
Common	Put Option	Purchased	-10,500	45.0 USD	American	17/10/2025
Common	Call Option	Purchased	500	60.0 USD	American	03/01/2025
Common	Call Option	Purchased	100	37.5 USD	American	20/06/2025
Common	Call Option	Purchased	29,200	52.5 USD	American	20/12/2024
Common	Call Option	Sold	-5,900	57.0 USD	American	27/12/2024
Common	Call Option	Sold	-300	56.0 USD	American	03/01/2025
Common	Call Option	Sold	-800	47.5 USD	American	20/06/2025
Common	Put Option	Sold	100	60.0 USD	American	16/01/2026
Common	Call Option	Sold	-1,300	50.0 USD	American	16/01/2026
Common	Call Option	Sold	-2,300	62.5 USD	American	20/12/2024
Common	Call Option	Sold	-1,000	85.0 USD	American	16/01/2026
Common	Put Option	Sold	1,100	56.0 USD	American	27/12/2024
Common	Call Option	Sold	-200	30.0 USD	American	17/01/2025
Common	Put Option	Sold	100	54.0 USD	American	10/01/2025
Common	Put Option	Sold	300	58.0 USD	American	13/12/2024
Common	Call Option	Sold	-2,300	47.5 USD	American	16/01/2026
Common	Put Option	Sold	5,800	57.5 USD	American	16/01/2026
Common	Put Option	Sold	40,000	45.0 USD	American	17/01/2025
Common	Call Option	Sold	-20,300	57.5 USD	American	17/01/2025
Common	Call Option	Sold	-7,900	70.0 USD	American	16/01/2026
Common	Call Option	Sold	-2,500	47.5 USD	American	19/09/2025
Common	Put Option	Sold	4,800	25.0 USD	American	16/01/2026
Common	Call Option	Sold	-700	60.0 USD	American	27/12/2024
Common	Call Option	Sold	-10,100	50.0 USD	American	17/04/2025
Common	Put Option	Sold	23,900	55.0 USD	American	17/01/2025
Common	Call Option	Sold	-8,800	45.0 USD	American	20/06/2025
Common	Call Option	Sold	-1,000	56.0 USD	American	24/01/2025
Common	Put Option	Sold	19,800	55.0 USD	American	17/04/2025
Common	Put Option	Sold	3,000	30.0 USD	American	16/01/2026
Common	Put Option	Sold	4,200	37.5 USD	American	16/01/2026
Common	Call Option	Sold	-400	37.5 USD	American	19/09/2025
Common	Call Option	Sold	-200	58.0 USD	American	27/12/2024
Common	Put Option	Sold	16,200	32.5 USD	American	17/01/2025
Common	Put Option	Sold	100	62.5 USD	American	16/01/2026
Common	Call Option	Sold	-89,100	60.0 USD	American	17/01/2025
Common	Put Option	Sold	6,000	60.0 USD	American	20/06/2025
Common	Call Option	Sold	-490,700	47.5 USD	American	17/01/2025
Common	Call Option	Sold	-200	50.0 USD	American	17/10/2025
Common	Put Option	Sold	100	56.0 USD	American	03/01/2025
Common	Call Option	Sold	-1,600	65.0 USD	American	17/10/2025
Common	Put Option	Sold	100	27.5 USD	American	16/01/2026
Common	Call Option	Sold	-1,500	56.0 USD	American	13/12/2024
Common	Put Option	Sold	12,500	45.0 USD	American	16/01/2026
Common	Put Option	Sold	100	37.5 USD	American	17/04/2025
Common	Put Option	Sold	20,000	52.5 USD	American	17/04/2025
Common	Call Option	Sold	-9,700	47.5 USD	American	17/04/2025
Common	Call Option	Sold	-500	65.0 USD	American	16/01/2026
Common	Put Option	Sold	3,600	45.0 USD	American	20/12/2024
Common	Call Option	Sold	-96,100	60.0 USD	American	20/12/2024
Common	Put Option	Sold	2,600	55.0 USD	American	20/06/2025
Common	Call Option	Sold	-300	52.5 USD	American	16/01/2026
Common	Put Option	Sold	300	47.5 USD	American	19/09/2025
Common	Put Option	Sold	2,500	42.5 USD	American	16/01/2026
Common	Call Option	Sold	-1,600	45.0 USD	American	20/12/2024
Common	Put Option	Sold	1,400	55.0 USD	American	03/01/2025
Common	Put Option	Sold	49,600	47.5 USD	American	17/01/2025
Common	Put Option	Sold	100	50.0 USD	American	20/12/2024
Common	Call Option	Sold	-300	60.0 USD	American	19/09/2025
Common	Put Option	Sold	1,300	62.5 USD	American	17/04/2025
Common	Call Option	Sold	-200	62.5 USD	American	20/06/2025
Common	Put Option	Sold	16,500	50.0 USD	American	17/01/2025
Common	Put Option	Sold	300	55.0 USD	American	10/01/2025
Common	Put Option	Sold	300	47.5 USD	American	20/06/2025
Common	Call Option	Sold	-2,700	42.5 USD	American	16/01/2026
Common	Put Option	Sold	100	35.0 USD	American	20/12/2024
Common	Call Option	Sold	-38,600	55.0 USD	American	20/12/2024
Common	Call Option	Sold	-2,000	42.5 USD	American	17/10/2025
Common	Call Option	Sold	-5,000	37.5 USD	American	17/01/2025
Common	Call Option	Sold	-4,200	42.5 USD	American	19/09/2025
Common	Call Option	Sold	-4,600	60.0 USD	American	16/01/2026
Common	Put Option	Sold	153,900	40.0 USD	American	17/01/2025
Common	Call Option	Sold	-200	20.0 USD	American	17/01/2025
Common	Put Option	Sold	100	59.0 USD	American	03/01/2025
Common	Put Option	Sold	65,800	30.0 USD	American	17/01/2025
Common	Put Option	Sold	8,900	47.5 USD	American	17/04/2025
Common	Put Option	Sold	2,300	54.0 USD	American	27/12/2024
Common	Put Option	Sold	21,000	57.5 USD	American	17/04/2025
Common	Put Option	Sold	29,100	35.0 USD	American	17/01/2025
Common	Call Option	Sold	-200	60.0 USD	American	20/06/2025
Common	Put Option	Sold	600	60.0 USD	American	17/04/2025
Common	Call Option	Sold	-100	55.0 USD	American	03/01/2025
Common	Put Option	Sold	1,100	50.0 USD	American	17/10/2025
Common	Call Option	Sold	-200	59.0 USD	American	03/01/2025
Common	Put Option	Sold	10,600	52.0 USD	American	13/12/2024
Common	Put Option	Sold	400	57.0 USD	American	24/01/2025
Common	Call Option	Sold	-9,700	62.5 USD	American	17/04/2025
Common	Call Option	Sold	-40,200	59.0 USD	American	20/12/2024
Common	Call Option	Sold	-200	59.0 USD	American	13/12/2024
Common	Put Option	Sold	28,200	55.0 USD	American	20/12/2024
Common	Call Option	Sold	-800	55.0 USD	American	27/12/2024
Common	Call Option	Sold	-3,800	56.0 USD	American	27/12/2024
Common	Call Option	Sold	-8,300	62.5 USD	American	16/01/2026
Common	Put Option	Sold	100	59.0 USD	American	13/12/2024
Common	Call Option	Sold	-3,000	45.0 USD	American	16/01/2026

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 [phone].

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

 

END