Form 8.3 - International Paper Company

Citadel Group

11 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	10 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:	10,846	0.00	2,624,029	0.75
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	1,721,500	0.49	1,447,800	0.41
TOTAL:	1,732,346	0.49	4,071,829	1.17

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	1	54.6600 USD
Common	Buy Transaction	2	54.6800 USD
Common	Buy Transaction	1	54.6818 USD
Common	Buy Transaction	106	54.6858 USD
Common	Buy Transaction	41	54.6900 USD
Common	Buy Transaction	257	54.7000 USD
Common	Buy Transaction	114	54.7100 USD
Common	Buy Transaction	670	54.7127 USD
Common	Buy Transaction	114	54.7150 USD
Common	Buy Transaction	7	54.7200 USD
Common	Buy Transaction	60	54.7250 USD
Common	Buy Transaction	169	54.7254 USD
Common	Buy Transaction	100	54.7273 USD
Common	Buy Transaction	654	54.7300 USD
Common	Buy Transaction	33	54.7352 USD
Common	Buy Transaction	955	54.7444 USD
Common	Buy Transaction	100	54.7450 USD
Common	Buy Transaction	1,305	54.7470 USD
Common	Buy Transaction	50	54.7500 USD
Common	Buy Transaction	26	54.7569 USD
Common	Buy Transaction	16,200	54.7600 USD
Common	Buy Transaction	448	54.7695 USD
Common	Buy Transaction	18,430	54.7700 USD
Common	Buy Transaction	310	54.7800 USD
Common	Buy Transaction	127	54.7846 USD
Common	Buy Transaction	400	54.7900 USD
Common	Buy Transaction	607	54.7943 USD
Common	Buy Transaction	1,502	54.8000 USD
Common	Buy Transaction	10,494	54.8059 USD
Common	Buy Transaction	34	54.8059 USD
Common	Buy Transaction	525	54.8143 USD
Common	Buy Transaction	2,217	54.8161 USD
Common	Buy Transaction	418	54.8184 USD
Common	Buy Transaction	200	54.8200 USD
Common	Buy Transaction	2,196	54.8203 USD
Common	Buy Transaction	10	54.8210 USD
Common	Buy Transaction	1,725	54.8287 USD
Common	Buy Transaction	215	54.8300 USD
Common	Buy Transaction	759	54.8319 USD
Common	Buy Transaction	200	54.8350 USD
Common	Buy Transaction	200	54.8400 USD
Common	Buy Transaction	50	54.8418 USD
Common	Buy Transaction	2,382	54.8453 USD
Common	Buy Transaction	977	54.8468 USD
Common	Buy Transaction	1,260	54.8492 USD
Common	Buy Transaction	679	54.8515 USD
Common	Buy Transaction	74	54.8600 USD
Common	Buy Transaction	76	54.8609 USD
Common	Buy Transaction	495	54.8628 USD
Common	Buy Transaction	282	54.8648 USD
Common	Buy Transaction	201	54.8700 USD
Common	Buy Transaction	129	54.8719 USD
Common	Buy Transaction	201	54.8730 USD
Common	Buy Transaction	178	54.8744 USD
Common	Buy Transaction	12	54.8750 USD
Common	Buy Transaction	5	54.8760 USD
Common	Buy Transaction	234	54.8785 USD
Common	Buy Transaction	113	54.8800 USD
Common	Buy Transaction	20	54.8815 USD
Common	Buy Transaction	4	54.8825 USD
Common	Buy Transaction	923	54.8828 USD
Common	Buy Transaction	375	54.8900 USD
Common	Buy Transaction	953	54.8902 USD
Common	Buy Transaction	4,068	54.8924 USD
Common	Buy Transaction	28	54.8993 USD
Common	Buy Transaction	472	54.9000 USD
Common	Buy Transaction	7,571	54.9016 USD
Common	Buy Transaction	1,751	54.9047 USD
Common	Buy Transaction	200	54.9050 USD
Common	Buy Transaction	191	54.9065 USD
Common	Buy Transaction	200	54.9100 USD
Common	Buy Transaction	10	54.9120 USD
Common	Buy Transaction	600	54.9150 USD
Common	Buy Transaction	350	54.9160 USD
Common	Buy Transaction	15	54.9180 USD
Common	Buy Transaction	726	54.9200 USD
Common	Buy Transaction	182	54.9210 USD
Common	Buy Transaction	420	54.9212 USD
Common	Buy Transaction	61	54.9264 USD
Common	Buy Transaction	700	54.9300 USD
Common	Buy Transaction	536	54.9303 USD
Common	Buy Transaction	1,488	54.9304 USD
Common	Buy Transaction	103	54.9318 USD
Common	Buy Transaction	213	54.9372 USD
Common	Buy Transaction	473	54.9372 USD
Common	Buy Transaction	913	54.9400 USD
Common	Buy Transaction	911	54.9411 USD
Common	Buy Transaction	1,927	54.9445 USD
Common	Buy Transaction	1,780	54.9446 USD
Common	Buy Transaction	2	54.9450 USD
Common	Buy Transaction	3,654	54.9469 USD
Common	Buy Transaction	80	54.9475 USD
Common	Buy Transaction	101	54.9500 USD
Common	Buy Transaction	614	54.9511 USD
Common	Buy Transaction	660	54.9518 USD
Common	Buy Transaction	1,474	54.9533 USD
Common	Buy Transaction	1,555	54.9600 USD
Common	Buy Transaction	812	54.9605 USD
Common	Buy Transaction	112	54.9623 USD
Common	Buy Transaction	2,635	54.9625 USD
Common	Buy Transaction	2,292	54.9638 USD
Common	Buy Transaction	1,990	54.9685 USD
Common	Buy Transaction	3,757	54.9687 USD
Common	Buy Transaction	1,060	54.9696 USD
Common	Buy Transaction	1,529	54.9728 USD
Common	Buy Transaction	1,213	54.9738 USD
Common	Buy Transaction	20	54.9740 USD
Common	Buy Transaction	877	54.9766 USD
Common	Buy Transaction	1,218	54.9779 USD
Common	Buy Transaction	936	54.9782 USD
Common	Buy Transaction	310	54.9800 USD
Common	Buy Transaction	1,402	54.9804 USD
Common	Buy Transaction	148	54.9827 USD
Common	Buy Transaction	115	54.9844 USD
Common	Buy Transaction	293	54.9867 USD
Common	Buy Transaction	984	54.9900 USD
Common	Buy Transaction	26	54.9908 USD
Common	Buy Transaction	276	54.9909 USD
Common	Buy Transaction	1,462	54.9917 USD
Common	Buy Transaction	6	54.9950 USD
Common	Buy Transaction	508	54.9968 USD
Common	Buy Transaction	19	54.9968 USD
Common	Buy Transaction	1,404	54.9969 USD
Common	Buy Transaction	1,002	54.9997 USD
Common	Buy Transaction	204	55.0000 USD
Common	Buy Transaction	300	55.0028 USD
Common	Buy Transaction	4,350	55.0038 USD
Common	Buy Transaction	1,388	55.0082 USD
Common	Buy Transaction	600	55.0100 USD
Common	Buy Transaction	18,078	55.0107 USD
Common	Buy Transaction	1,798	55.0123 USD
Common	Buy Transaction	99	55.0148 USD
Common	Buy Transaction	2,879	55.0167 USD
Common	Buy Transaction	30	55.0167 USD
Common	Buy Transaction	7,909	55.0175 USD
Common	Buy Transaction	500	55.0200 USD
Common	Buy Transaction	1,300	55.0201 USD
Common	Buy Transaction	1,921	55.0221 USD
Common	Buy Transaction	5,189	55.0231 USD
Common	Buy Transaction	100	55.0250 USD
Common	Buy Transaction	133	55.0255 USD
Common	Buy Transaction	1,071	55.0264 USD
Common	Buy Transaction	11	55.0282 USD
Common	Buy Transaction	4,081	55.0298 USD
Common	Buy Transaction	312	55.0298 USD
Common	Buy Transaction	21	55.0300 USD
Common	Buy Transaction	182	55.0337 USD
Common	Buy Transaction	55	55.0351 USD
Common	Buy Transaction	2,167	55.0364 USD
Common	Buy Transaction	300	55.0400 USD
Common	Buy Transaction	844	55.0424 USD
Common	Buy Transaction	30	55.0433 USD
Common	Buy Transaction	1,172	55.0443 USD
Common	Buy Transaction	1,038	55.0479 USD
Common	Buy Transaction	150	55.0490 USD
Common	Buy Transaction	653	55.0500 USD
Common	Buy Transaction	512	55.0525 USD
Common	Buy Transaction	1,112	55.0573 USD
Common	Buy Transaction	202	55.0600 USD
Common	Buy Transaction	600	55.0617 USD
Common	Buy Transaction	300	55.0700 USD
Common	Buy Transaction	101	55.0800 USD
Common	Buy Transaction	1,045	55.0804 USD
Common	Buy Transaction	200	55.0900 USD
Common	Buy Transaction	85	55.0971 USD
Common	Buy Transaction	678	55.0972 USD
Common	Buy Transaction	2,107	55.0975 USD
Common	Buy Transaction	180	55.1000 USD
Common	Buy Transaction	55	55.1004 USD
Common	Buy Transaction	47	55.1030 USD
Common	Buy Transaction	2	55.1050 USD
Common	Buy Transaction	524	55.1200 USD
Common	Buy Transaction	2	55.1208 USD
Common	Buy Transaction	100	55.1300 USD
Common	Buy Transaction	490	55.1386 USD
Common	Buy Transaction	200	55.1400 USD
Common	Buy Transaction	2	55.1500 USD
Common	Buy Transaction	110	55.1600 USD
Common	Buy Transaction	20	55.1610 USD
Common	Buy Transaction	5	55.1620 USD
Common	Buy Transaction	4	55.1625 USD
Common	Buy Transaction	200	55.1700 USD
Common	Buy Transaction	140	55.1718 USD
Common	Buy Transaction	3	55.1750 USD
Common	Buy Transaction	100	55.1800 USD
Common	Buy Transaction	106	55.1808 USD
Common	Buy Transaction	10	55.1830 USD
Common	Buy Transaction	138	55.1900 USD
Common	Buy Transaction	3,017	55.1923 USD
Common	Buy Transaction	100	55.2000 USD
Common	Buy Transaction	232	55.2100 USD
Common	Buy Transaction	178	55.2175 USD
Common	Buy Transaction	46	55.2200 USD
Common	Buy Transaction	9	55.2400 USD
Common	Buy Transaction	1	55.2700 USD
Common	Buy Transaction	247	55.2800 USD
Common	Buy Transaction	4	55.3150 USD
Common	Buy Transaction	718	55.3364 USD
Common	Buy Transaction	12	55.4000 USD
Common	Buy Transaction	1,069	55.4159 USD
Common	DVP Transaction	2	54.6600 USD
Common	DVP Transaction	27	54.6641 USD
Common	DVP Transaction	802	54.7000 USD
Common	DVP Transaction	172	54.7035 USD
Common	DVP Transaction	1,381	54.7100 USD
Common	DVP Transaction	105	54.7143 USD
Common	DVP Transaction	20	54.7150 USD
Common	DVP Transaction	32	54.7200 USD
Common	DVP Transaction	606	54.7326 USD
Common	DVP Transaction	268	54.7331 USD
Common	DVP Transaction	496	54.7342 USD
Common	DVP Transaction	30	54.7450 USD
Common	DVP Transaction	16	54.7500 USD
Common	DVP Transaction	10	54.7550 USD
Common	DVP Transaction	87	54.7600 USD
Common	DVP Transaction	17,156	54.7700 USD
Common	DVP Transaction	10	54.7750 USD
Common	DVP Transaction	104	54.7800 USD
Common	DVP Transaction	227	54.7807 USD
Common	DVP Transaction	20	54.7850 USD
Common	DVP Transaction	6	54.7867 USD
Common	DVP Transaction	12	54.7900 USD
Common	DVP Transaction	15	54.8000 USD
Common	DVP Transaction	6	54.8083 USD
Common	DVP Transaction	26	54.8100 USD
Common	DVP Transaction	7	54.8200 USD
Common	DVP Transaction	10	54.8250 USD
Common	DVP Transaction	5	54.8280 USD
Common	DVP Transaction	2	54.8300 USD
Common	DVP Transaction	10	54.8350 USD
Common	DVP Transaction	27	54.8400 USD
Common	DVP Transaction	1,503	54.8413 USD
Common	DVP Transaction	3	54.8600 USD
Common	DVP Transaction	2	54.8700 USD
Common	DVP Transaction	20	54.8750 USD
Common	DVP Transaction	55	54.8753 USD
Common	DVP Transaction	18	54.8800 USD
Common	DVP Transaction	296	54.8847 USD
Common	DVP Transaction	2	54.8850 USD
Common	DVP Transaction	2	54.8950 USD
Common	DVP Transaction	21	54.9000 USD
Common	DVP Transaction	10	54.9100 USD
Common	DVP Transaction	2	54.9150 USD
Common	DVP Transaction	4	54.9200 USD
Common	DVP Transaction	1,913	54.9288 USD
Common	DVP Transaction	5	54.9400 USD
Common	DVP Transaction	5	54.9500 USD
Common	DVP Transaction	2	54.9600 USD
Common	DVP Transaction	593	54.9636 USD
Common	DVP Transaction	14	54.9650 USD
Common	DVP Transaction	5	54.9700 USD
Common	DVP Transaction	6	54.9800 USD
Common	DVP Transaction	6	54.9900 USD
Common	DVP Transaction	9	55.0000 USD
Common	DVP Transaction	12	55.0050 USD
Common	DVP Transaction	2	55.0100 USD
Common	DVP Transaction	30	55.0150 USD
Common	DVP Transaction	2	55.0200 USD
Common	DVP Transaction	75	55.0351 USD
Common	DVP Transaction	43	55.0351 USD
Common	DVP Transaction	14	55.0400 USD
Common	DVP Transaction	5	55.0500 USD
Common	DVP Transaction	6	55.0600 USD
Common	DVP Transaction	84	55.0719 USD
Common	DVP Transaction	4	55.0800 USD
Common	DVP Transaction	96	55.0950 USD
Common	DVP Transaction	5	55.1000 USD
Common	DVP Transaction	16	55.1100 USD
Common	DVP Transaction	4	55.1200 USD
Common	DVP Transaction	2	55.1250 USD
Common	DVP Transaction	2	55.1300 USD
Common	DVP Transaction	4	55.1350 USD
Common	DVP Transaction	4	55.1400 USD
Common	DVP Transaction	10	55.1500 USD
Common	DVP Transaction	6	55.1550 USD
Common	DVP Transaction	6	55.1650 USD
Common	DVP Transaction	2	55.1750 USD
Common	DVP Transaction	82	55.1759 USD
Common	DVP Transaction	4	55.1800 USD
Common	DVP Transaction	3	55.1900 USD
Common	DVP Transaction	2	55.1950 USD
Common	DVP Transaction	3	55.2000 USD
Common	DVP Transaction	5	55.2100 USD
Common	DVP Transaction	4	55.2200 USD
Common	DVP Transaction	2	55.2300 USD
Common	DVP Transaction	4	55.2350 USD
Common	DVP Transaction	1	55.2500 USD
Common	DVP Transaction	4	55.2900 USD
Common	DVP Transaction	12	55.3000 USD
Common	DVP Transaction	4	55.3050 USD
Common	DVP Transaction	6	55.3600 USD
Common	DVP Transaction	64	55.4800 USD
Common	RVP Transaction	101	54.7030 USD
Common	RVP Transaction	226	54.7100 USD
Common	RVP Transaction	538	54.7246 USD
Common	RVP Transaction	10	54.7450 USD
Common	RVP Transaction	373	54.7564 USD
Common	RVP Transaction	73	54.7600 USD
Common	RVP Transaction	17,150	54.7700 USD
Common	RVP Transaction	339	54.7724 USD
Common	RVP Transaction	1,362	54.7725 USD
Common	RVP Transaction	11	54.7873 USD
Common	RVP Transaction	2,970	54.7958 USD
Common	RVP Transaction	16	54.8319 USD
Common	RVP Transaction	266	54.8344 USD
Common	RVP Transaction	1,119	54.8501 USD
Common	RVP Transaction	1	54.8600 USD
Common	RVP Transaction	31	54.8639 USD
Common	RVP Transaction	303	54.8727 USD
Common	RVP Transaction	42	54.8800 USD
Common	RVP Transaction	8	54.9100 USD
Common	RVP Transaction	215	54.9177 USD
Common	RVP Transaction	664	54.9187 USD
Common	RVP Transaction	8	54.9300 USD
Common	RVP Transaction	5	54.9600 USD
Common	RVP Transaction	18	54.9811 USD
Common	RVP Transaction	94	54.9953 USD
Common	RVP Transaction	2	55.0000 USD
Common	RVP Transaction	65	55.0049 USD
Common	RVP Transaction	58	55.0141 USD
Common	RVP Transaction	267	55.0200 USD
Common	RVP Transaction	75	55.0351 USD
Common	RVP Transaction	43	55.0351 USD
Common	RVP Transaction	76	55.0700 USD
Common	RVP Transaction	98	55.0752 USD
Common	RVP Transaction	8	55.0900 USD
Common	RVP Transaction	96	55.0950 USD
Common	RVP Transaction	1	55.2500 USD
Common	RVP Transaction	12	55.3000 USD
Common	RVP Transaction	70	55.4800 USD
Common	RVP Transaction	13	55.5000 USD
Common	Sell Transaction	3	54.7000 USD
Common	Sell Transaction	900	54.7150 USD
Common	Sell Transaction	15	54.7153 USD
Common	Sell Transaction	33	54.7155 USD
Common	Sell Transaction	1	54.7200 USD
Common	Sell Transaction	41	54.7217 USD
Common	Sell Transaction	385	54.7234 USD
Common	Sell Transaction	49	54.7251 USD
Common	Sell Transaction	106	54.7271 USD
Common	Sell Transaction	3	54.7300 USD
Common	Sell Transaction	317	54.7400 USD
Common	Sell Transaction	139	54.7418 USD
Common	Sell Transaction	304	54.7423 USD
Common	Sell Transaction	103	54.7423 USD
Common	Sell Transaction	119	54.7424 USD
Common	Sell Transaction	5	54.7460 USD
Common	Sell Transaction	839	54.7500 USD
Common	Sell Transaction	136	54.7526 USD
Common	Sell Transaction	760	54.7590 USD
Common	Sell Transaction	64	54.7598 USD
Common	Sell Transaction	12,124	54.7600 USD
Common	Sell Transaction	101	54.7604 USD
Common	Sell Transaction	201	54.7604 USD
Common	Sell Transaction	983	54.7619 USD
Common	Sell Transaction	490	54.7640 USD
Common	Sell Transaction	300	54.7667 USD
Common	Sell Transaction	2,396	54.7685 USD
Common	Sell Transaction	17,350	54.7700 USD
Common	Sell Transaction	2,145	54.7709 USD
Common	Sell Transaction	7,764	54.7738 USD
Common	Sell Transaction	216	54.7761 USD
Common	Sell Transaction	303	54.7802 USD
Common	Sell Transaction	500	54.7860 USD
Common	Sell Transaction	229	54.7890 USD
Common	Sell Transaction	369	54.7900 USD
Common	Sell Transaction	85	54.7915 USD
Common	Sell Transaction	500	54.7920 USD
Common	Sell Transaction	626	54.7928 USD
Common	Sell Transaction	508	54.7977 USD
Common	Sell Transaction	201	54.8000 USD
Common	Sell Transaction	665	54.8006 USD
Common	Sell Transaction	141	54.8011 USD
Common	Sell Transaction	857	54.8034 USD
Common	Sell Transaction	115	54.8096 USD
Common	Sell Transaction	2	54.8100 USD
Common	Sell Transaction	319	54.8102 USD
Common	Sell Transaction	656	54.8107 USD
Common	Sell Transaction	125	54.8118 USD
Common	Sell Transaction	1,948	54.8197 USD
Common	Sell Transaction	10	54.8200 USD
Common	Sell Transaction	660	54.8227 USD
Common	Sell Transaction	1,577	54.8250 USD
Common	Sell Transaction	53	54.8257 USD
Common	Sell Transaction	97	54.8272 USD
Common	Sell Transaction	429	54.8273 USD
Common	Sell Transaction	45	54.8289 USD
Common	Sell Transaction	2	54.8300 USD
Common	Sell Transaction	392	54.8338 USD
Common	Sell Transaction	1,669	54.8360 USD
Common	Sell Transaction	126	54.8367 USD
Common	Sell Transaction	50	54.8390 USD
Common	Sell Transaction	27	54.8400 USD
Common	Sell Transaction	462	54.8413 USD
Common	Sell Transaction	30	54.8420 USD
Common	Sell Transaction	29	54.8452 USD
Common	Sell Transaction	1,980	54.8489 USD
Common	Sell Transaction	65	54.8500 USD
Common	Sell Transaction	1,123	54.8501 USD
Common	Sell Transaction	103	54.8503 USD
Common	Sell Transaction	599	54.8513 USD
Common	Sell Transaction	69	54.8532 USD
Common	Sell Transaction	1,774	54.8536 USD
Common	Sell Transaction	690	54.8545 USD
Common	Sell Transaction	718	54.8571 USD
Common	Sell Transaction	267	54.8588 USD
Common	Sell Transaction	52	54.8612 USD
Common	Sell Transaction	231	54.8637 USD
Common	Sell Transaction	1,198	54.8670 USD
Common	Sell Transaction	124	54.8700 USD
Common	Sell Transaction	29	54.8710 USD
Common	Sell Transaction	263	54.8724 USD
Common	Sell Transaction	161	54.8729 USD
Common	Sell Transaction	882	54.8743 USD
Common	Sell Transaction	800	54.8774 USD
Common	Sell Transaction	63	54.8779 USD
Common	Sell Transaction	226	54.8800 USD
Common	Sell Transaction	102	54.8820 USD
Common	Sell Transaction	452	54.8953 USD
Common	Sell Transaction	80	54.9057 USD
Common	Sell Transaction	87	54.9057 USD
Common	Sell Transaction	219	54.9062 USD
Common	Sell Transaction	80	54.9072 USD
Common	Sell Transaction	51	54.9073 USD
Common	Sell Transaction	199	54.9100 USD
Common	Sell Transaction	386	54.9101 USD
Common	Sell Transaction	676	54.9113 USD
Common	Sell Transaction	1,018	54.9118 USD
Common	Sell Transaction	21	54.9129 USD
Common	Sell Transaction	94	54.9186 USD
Common	Sell Transaction	31	54.9194 USD
Common	Sell Transaction	6	54.9217 USD
Common	Sell Transaction	1,750	54.9270 USD
Common	Sell Transaction	123	54.9276 USD
Common	Sell Transaction	133	54.9316 USD
Common	Sell Transaction	123	54.9320 USD
Common	Sell Transaction	333	54.9325 USD
Common	Sell Transaction	111	54.9366 USD
Common	Sell Transaction	238	54.9387 USD
Common	Sell Transaction	110	54.9405 USD
Common	Sell Transaction	3,214	54.9437 USD
Common	Sell Transaction	1,169	54.9455 USD
Common	Sell Transaction	3,170	54.9459 USD
Common	Sell Transaction	2,849	54.9494 USD
Common	Sell Transaction	1	54.9500 USD
Common	Sell Transaction	201	54.9544 USD
Common	Sell Transaction	47	54.9570 USD
Common	Sell Transaction	10	54.9590 USD
Common	Sell Transaction	1	54.9600 USD
Common	Sell Transaction	3,301	54.9664 USD
Common	Sell Transaction	600	54.9667 USD
Common	Sell Transaction	3	54.9745 USD
Common	Sell Transaction	518	54.9809 USD
Common	Sell Transaction	12,567	54.9850 USD
Common	Sell Transaction	340	54.9858 USD
Common	Sell Transaction	353	54.9879 USD
Common	Sell Transaction	1,421	54.9901 USD
Common	Sell Transaction	386	54.9911 USD
Common	Sell Transaction	18	54.9933 USD
Common	Sell Transaction	330	54.9979 USD
Common	Sell Transaction	4	55.0000 USD
Common	Sell Transaction	5,320	55.0021 USD
Common	Sell Transaction	915	55.0036 USD
Common	Sell Transaction	1,425	55.0063 USD
Common	Sell Transaction	7,150	55.0067 USD
Common	Sell Transaction	757	55.0119 USD
Common	Sell Transaction	999	55.0133 USD
Common	Sell Transaction	9,727	55.0139 USD
Common	Sell Transaction	98	55.0150 USD
Common	Sell Transaction	319	55.0184 USD
Common	Sell Transaction	113	55.0203 USD
Common	Sell Transaction	192	55.0231 USD
Common	Sell Transaction	7	55.0243 USD
Common	Sell Transaction	233	55.0294 USD
Common	Sell Transaction	2,110	55.0385 USD
Common	Sell Transaction	1,147	55.0482 USD
Common	Sell Transaction	385	55.0514 USD
Common	Sell Transaction	1,622	55.0541 USD
Common	Sell Transaction	316	55.0551 USD
Common	Sell Transaction	68	55.0551 USD
Common	Sell Transaction	1,347	55.0554 USD
Common	Sell Transaction	405	55.0571 USD
Common	Sell Transaction	1,022	55.0580 USD
Common	Sell Transaction	28	55.0582 USD
Common	Sell Transaction	402	55.0606 USD
Common	Sell Transaction	207	55.0613 USD
Common	Sell Transaction	178	55.0625 USD
Common	Sell Transaction	26	55.0642 USD
Common	Sell Transaction	2,215	55.0660 USD
Common	Sell Transaction	49	55.0661 USD
Common	Sell Transaction	1	55.0700 USD
Common	Sell Transaction	184	55.0711 USD
Common	Sell Transaction	375	55.0862 USD
Common	Sell Transaction	1,017	55.0892 USD
Common	Sell Transaction	85	55.0932 USD
Common	Sell Transaction	700	55.0943 USD
Common	Sell Transaction	2	55.0950 USD
Common	Sell Transaction	615	55.0965 USD
Common	Sell Transaction	997	55.0969 USD
Common	Sell Transaction	101	55.1000 USD
Common	Sell Transaction	60	55.1022 USD
Common	Sell Transaction	26	55.1100 USD
Common	Sell Transaction	26	55.1238 USD
Common	Sell Transaction	5	55.1300 USD
Common	Sell Transaction	109	55.1364 USD
Common	Sell Transaction	24	55.1700 USD
Common	Sell Transaction	63	55.1757 USD
Common	Sell Transaction	30	55.1900 USD
Common	Sell Transaction	8	55.2000 USD
Common	Sell Transaction	53	55.2098 USD
Common	Sell Transaction	23	55.2200 USD
Common	Sell Transaction	4	55.2400 USD
Common	Sell Transaction	1	55.4000 USD
Common	Sell Transaction	167	55.7700 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	3	60.0000 USD	American	2024-Dec-20	0.0500 USD
Common	Call Option	Buy Transaction	1	57.0000 USD	American	2024-Dec-13	0.0500 USD
Common	Call Option	Buy Transaction	4	59.0000 USD	American	2024-Dec-20	0.0500 USD
Common	Call Option	Buy Transaction	1	59.0000 USD	American	2024-Dec-20	0.0700 USD
Common	Call Option	Buy Transaction	5	59.0000 USD	American	2024-Dec-20	0.0800 USD
Common	Call Option	Buy Transaction	1	59.0000 USD	American	2024-Dec-20	0.1000 USD
Common	Put Option	Buy Transaction	7	42.5000 USD	American	2025-Feb-21	0.2300 USD
Common	Call Option	Buy Transaction	3	57.5000 USD	American	2024-Dec-20	0.2500 USD
Common	Put Option	Buy Transaction	5	35.0000 USD	American	2025-Jul-18	0.3000 USD
Common	Call Option	Buy Transaction	5	57.0000 USD	American	2024-Dec-20	0.3400 USD
Common	Put Option	Buy Transaction	1	53.0000 USD	American	2024-Dec-27	0.3700 USD
Common	Call Option	Buy Transaction	12	60.0000 USD	American	2025-Jan-17	0.3800 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jan-17	0.4200 USD
Common	Put Option	Buy Transaction	10	35.0000 USD	American	2025-Oct-17	0.5000 USD
Common	Put Option	Buy Transaction	3	54.0000 USD	American	2024-Dec-20	0.5800 USD
Common	Put Option	Buy Transaction	1	52.5000 USD	American	2025-Jan-17	0.7500 USD
Common	Call Option	Buy Transaction	10	55.0000 USD	American	2024-Dec-20	0.8500 USD
Common	Call Option	Buy Transaction	2	60.0000 USD	American	2025-Feb-21	0.9500 USD
Common	Call Option	Buy Transaction	1	58.0000 USD	American	2025-Jan-24	1.0100 USD
Common	Call Option	Buy Transaction	1	58.0000 USD	American	2025-Jan-24	1.0200 USD
Common	Call Option	Buy Transaction	2	62.5000 USD	American	2025-Apr-17	1.1000 USD
Common	Call Option	Buy Transaction	34	62.5000 USD	American	2025-Apr-17	1.2000 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-03	1.4000 USD
Common	Put Option	Buy Transaction	219	55.0000 USD	American	2025-Jan-17	1.6000 USD
Common	Call Option	Buy Transaction	10	60.0000 USD	American	2025-Apr-17	1.7300 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-17	1.8700 USD
Common	Call Option	Buy Transaction	3	57.5000 USD	American	2025-Feb-21	1.8900 USD
Common	Call Option	Buy Transaction	3	57.5000 USD	American	2025-Feb-21	1.9000 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jun-20	2.4500 USD
Common	Call Option	Buy Transaction	12	55.0000 USD	American	2025-Feb-21	2.8000 USD
Common	Put Option	Buy Transaction	11	55.0000 USD	American	2025-Apr-17	3.4000 USD
Common	Put Option	Buy Transaction	3	57.5000 USD	American	2025-Feb-21	4.0900 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Jul-18	4.9100 USD
Common	Call Option	Buy Transaction	1	50.0000 USD	American	2024-Dec-20	5.3300 USD
Common	Call Option	Buy Transaction	10	52.5000 USD	American	2026-Jan-16	7.5700 USD
Common	Call Option	Buy Transaction	3	50.0000 USD	American	2026-Jan-16	9.4500 USD
Common	Call Option	Buy Transaction	1	47.5000 USD	American	2026-Jan-16	10.7300 USD
Common	Call Option	Buy Transaction	2	42.5000 USD	American	2026-Jan-16	14.5000 USD
Common	Call Option	Sell Transaction	2	60.0000 USD	American	2024-Dec-20	0.0700 USD
Common	Call Option	Sell Transaction	1	57.5000 USD	American	2024-Dec-20	0.2000 USD
Common	Put Option	Sell Transaction	1	52.0000 USD	American	2024-Dec-27	0.2000 USD
Common	Put Option	Sell Transaction	20	40.0000 USD	American	2025-Apr-17	0.3000 USD
Common	Put Option	Sell Transaction	5	50.0000 USD	American	2025-Jan-17	0.3500 USD
Common	Put Option	Sell Transaction	13	53.0000 USD	American	2024-Dec-27	0.3500 USD
Common	Put Option	Sell Transaction	3	45.0000 USD	American	2025-Feb-21	0.3700 USD
Common	Call Option	Sell Transaction	11	60.0000 USD	American	2025-Jan-17	0.4000 USD
Common	Call Option	Sell Transaction	1	75.0000 USD	American	2025-Jun-20	0.4000 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Jan-17	0.4300 USD
Common	Call Option	Sell Transaction	13	60.0000 USD	American	2025-Jan-17	0.4500 USD
Common	Put Option	Sell Transaction	2	54.0000 USD	American	2024-Dec-27	0.5500 USD
Common	Put Option	Sell Transaction	1	54.0000 USD	American	2024-Dec-27	0.6000 USD
Common	Put Option	Sell Transaction	1	54.0000 USD	American	2024-Dec-27	0.6500 USD
Common	Call Option	Sell Transaction	1	57.0000 USD	American	2025-Jan-03	0.6500 USD
Common	Call Option	Sell Transaction	5	56.0000 USD	American	2024-Dec-20	0.6900 USD
Common	Put Option	Sell Transaction	4	52.5000 USD	American	2025-Jan-17	0.7500 USD
Common	Call Option	Sell Transaction	1	65.0000 USD	American	2025-Apr-17	0.8000 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2024-Dec-13	0.8300 USD
Common	Put Option	Sell Transaction	3	55.0000 USD	American	2024-Dec-20	0.9000 USD
Common	Call Option	Sell Transaction	4	57.5000 USD	American	2025-Jan-17	0.9400 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2024-Dec-27	1.0000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2024-Dec-20	1.1500 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2024-Dec-20	1.1600 USD
Common	Put Option	Sell Transaction	1	56.0000 USD	American	2024-Dec-20	1.4000 USD
Common	Put Option	Sell Transaction	1	50.0000 USD	American	2025-Apr-17	1.4700 USD
Common	Call Option	Sell Transaction	2	54.0000 USD	American	2024-Dec-27	1.5000 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Jan-10	1.5200 USD
Common	Call Option	Sell Transaction	2	60.0000 USD	American	2025-Apr-17	1.7500 USD
Common	Call Option	Sell Transaction	1	54.0000 USD	American	2024-Dec-27	1.7500 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Jan-17	1.7700 USD
Common	Put Option	Sell Transaction	4	55.0000 USD	American	2025-Feb-21	2.7000 USD
Common	Put Option	Sell Transaction	2	55.0000 USD	American	2025-Feb-21	2.7500 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Feb-21	2.8000 USD
Common	Put Option	Sell Transaction	1	57.5000 USD	American	2025-Jan-17	3.0900 USD
Common	Put Option	Sell Transaction	1	57.5000 USD	American	2025-Jan-17	3.2000 USD
Common	Put Option	Sell Transaction	2	57.5000 USD	American	2025-Jan-17	3.2400 USD
Common	Put Option	Sell Transaction	2	57.5000 USD	American	2025-Jan-17	3.2700 USD
Common	Call Option	Sell Transaction	5	60.0000 USD	American	2025-Sep-19	3.4000 USD
Common	Call Option	Sell Transaction	1	52.5000 USD	American	2025-Jan-17	3.4200 USD
Common	Call Option	Sell Transaction	1	57.5000 USD	American	2025-Jun-20	3.5000 USD
Common	Put Option	Sell Transaction	38	55.0000 USD	American	2025-Jun-20	4.1000 USD
Common	Put Option	Sell Transaction	3	59.0000 USD	American	2024-Dec-20	4.1600 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Jun-20	4.2000 USD
Common	Call Option	Sell Transaction	1	50.0000 USD	American	2024-Dec-20	5.2300 USD
Common	Call Option	Sell Transaction	10	50.0000 USD	American	2025-Jun-20	7.3200 USD
Common	Call Option	Sell Transaction	3	47.5000 USD	American	2025-Jan-17	8.2500 USD
Common	Call Option	Sell Transaction	1	45.0000 USD	American	2025-Jan-17	10.2300 USD

(ii)        Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit
Common	Put Option	Exercised against	1	59.0000 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:	11 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	900	52.5 USD	American	15/01/2027
Common	Call Option	Purchased	13,600	55.0 USD	American	17/01/2025
Common	Call Option	Purchased	400	60.0 USD	American	17/01/2025
Common	Call Option	Purchased	100	62.0 USD	American	27/12/2024
Common	Put Option	Purchased	-1,600	42.5 USD	American	20/06/2025
Common	Put Option	Purchased	-5,400	17.5 USD	American	16/01/2026
Common	Call Option	Purchased	1,500	60.0 USD	American	18/07/2025
Common	Call Option	Purchased	1,800	57.0 USD	American	20/12/2024
Common	Put Option	Purchased	-20,000	55.0 USD	American	16/01/2026
Common	Put Option	Purchased	-7,400	58.0 USD	American	20/12/2024
Common	Call Option	Purchased	500	60.0 USD	American	03/01/2025
Common	Put Option	Purchased	-50,000	52.5 USD	American	16/01/2026
Common	Put Option	Purchased	-500	20.0 USD	American	16/01/2026
Common	Put Option	Purchased	-200	25.0 USD	American	17/01/2025
Common	Put Option	Purchased	-10,500	45.0 USD	American	17/10/2025
Common	Put Option	Purchased	-2,400	60.0 USD	American	17/01/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	14/10/2025
Common	Call Option	Purchased	2,300	40.0 USD	American	16/01/2026
Common	Put Option	Purchased	-1,800	60.0 USD	American	20/12/2024
Common	Call Option	Purchased	6,600	61.0 USD	American	13/12/2024
Common	Call Option	Purchased	1,300	58.0 USD	American	20/12/2024
Common	Call Option	Purchased	204,900	45.0 USD	American	17/01/2025
Common	Put Option	Purchased	-3,200	22.5 USD	American	17/01/2025
Common	Call Option	Purchased	6,700	35.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,700	61.0 USD	American	20/12/2024
Common	Call Option	Purchased	2,800	55.0 USD	American	19/09/2025
Common	Call Option	Purchased	600	50.0 USD	American	15/01/2027
Common	Call Option	Purchased	100	37.5 USD	American	20/06/2025
Common	Put Option	Purchased	-1,200	15.0 USD	American	17/01/2025
Common	Call Option	Purchased	200	70.0 USD	American	17/01/2025
Common	Put Option	Purchased	-7,400	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	81,500	54.9 USD	European	15/10/2025
Common	Call Option	Purchased	300	45.0 USD	American	17/04/2025
Common	Put Option	Purchased	-24,000	22.5 USD	American	17/01/2025
Common	Call Option	Purchased	2,500	65.0 USD	American	20/06/2025
Common	Call Option	Purchased	700	65.0 USD	American	19/09/2025
Common	Call Option	Purchased	81,500	54.9 USD	European	14/10/2025
Common	Put Option	Purchased	-500	50.0 USD	American	17/04/2025
Common	Call Option	Purchased	7,200	62.5 USD	American	17/10/2025
Common	Call Option	Purchased	1,700	57.5 USD	American	17/10/2025
Common	Put Option	Purchased	-500	35.0 USD	American	18/07/2025
Common	Call Option	Purchased	300	55.0 USD	American	18/07/2025
Common	Call Option	Purchased	38,500	42.5 USD	American	17/01/2025
Common	Call Option	Purchased	1,300	57.5 USD	American	20/06/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	13/10/2025
Common	Call Option	Purchased	100	67.5 USD	American	17/04/2025
Common	Call Option	Purchased	3,500	60.0 USD	American	13/12/2024
Common	Call Option	Purchased	11,300	55.0 USD	American	16/01/2026
Common	Call Option	Purchased	600	57.5 USD	American	21/02/2025
Common	Put Option	Purchased	-500	54.0 USD	American	13/12/2024
Common	Call Option	Purchased	1,200	64.0 USD	American	20/12/2024
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	9,800	60.0 USD	American	17/04/2025
Common	Put Option	Purchased	-3,800	50.0 USD	American	19/09/2025
Common	Put Option	Purchased	-800	40.0 USD	American	17/04/2025
Common	Call Option	Purchased	15,000	57.5 USD	American	17/04/2025
Common	Put Option	Purchased	-100	32.5 USD	American	17/01/2025
Common	Put Option	Purchased	-8,300	42.5 USD	American	17/01/2025
Common	Call Option	Purchased	0	50.0 USD	American	19/09/2025
Common	Call Option	Purchased	700	52.5 USD	American	16/01/2026
Common	Call Option	Purchased	3,000	30.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,100	57.0 USD	American	13/12/2024
Common	Call Option	Purchased	59,800	52.5 USD	American	17/01/2025
Common	Call Option	Purchased	29,200	52.5 USD	American	20/12/2024
Common	Put Option	Purchased	-4,000	32.5 USD	American	16/01/2026
Common	Call Option	Purchased	500	60.0 USD	American	10/01/2025
Common	Put Option	Purchased	-600	55.0 USD	American	13/12/2024
Common	Put Option	Purchased	0	59.0 USD	American	27/12/2024
Common	Call Option	Purchased	800	40.0 USD	American	15/01/2027
Common	Put Option	Purchased	-200	40.0 USD	American	20/06/2025
Common	Put Option	Purchased	-200	50.0 USD	American	27/12/2024
Common	Put Option	Purchased	-1,100	52.0 USD	American	27/12/2024
Common	Put Option	Purchased	0	47.5 USD	American	15/01/2027
Common	Call Option	Purchased	600	50.0 USD	American	20/12/2024
Common	Put Option	Purchased	-400	57.0 USD	American	20/12/2024
Common	Call Option	Purchased	22,200	52.5 USD	American	17/10/2025
Common	Call Option	Purchased	200	62.0 USD	American	13/12/2024
Common	Call Option	Purchased	400	58.0 USD	American	03/01/2025
Common	Call Option	Purchased	100	32.5 USD	American	17/01/2025
Common	Call Option	Purchased	81,500	54.9 USD	European	13/10/2025
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	Call Option	Purchased	300	63.0 USD	American	13/12/2024
Common	Put Option	Purchased	-4,500	45.0 USD	American	20/06/2025
Common	Call Option	Purchased	10,600	65.0 USD	American	17/04/2025
Common	Put Option	Purchased	-9,000	40.0 USD	American	16/01/2026
Common	Call Option	Purchased	13,200	55.0 USD	American	17/01/2025
Common	Call Option	Purchased	1,700	32.5 USD	American	16/01/2026
Common	Put Option	Purchased	-7,200	57.5 USD	American	17/01/2025
Common	Call Option	Purchased	5,200	60.0 USD	American	17/10/2025
Common	Call Option	Purchased	100	40.0 USD	American	20/06/2025
Common	Put Option	Purchased	-28,000	58.0 USD	American	27/12/2024
Common	Put Option	Purchased	-100	52.5 USD	American	17/10/2025
Common	Call Option	Purchased	1,000	80.0 USD	American	16/01/2026
Common	Put Option	Purchased	-100	35.0 USD	American	16/01/2026
Common	Call Option	Purchased	500	67.5 USD	American	17/01/2025
Common	Call Option	Purchased	30,900	55.0 USD	American	17/10/2025
Common	Call Option	Purchased	5,800	55.0 USD	American	20/06/2025
Common	Put Option	Purchased	-100	47.5 USD	American	17/10/2025
Common	Call Option	Purchased	6,300	57.5 USD	American	20/12/2024
Common	Put Option	Purchased	-1,000	52.5 USD	American	16/01/2026
Common	Put Option	Purchased	-2,300	47.5 USD	American	20/12/2024
Common	Call Option	Purchased	0	45.0 USD	American	17/10/2025
Common	Call Option	Purchased	100	35.0 USD	American	15/01/2027
Common	Put Option	Purchased	-100	37.5 USD	American	17/01/2025
Common	Put Option	Purchased	-12,000	25.0 USD	American	17/01/2025
Common	Call Option	Purchased	40,700	52.5 USD	American	20/06/2025
Common	Call Option	Purchased	1,200	60.0 USD	American	21/02/2025
Common	Put Option	Purchased	-2,800	20.0 USD	American	17/01/2025
Common	Put Option	Purchased	-6,300	17.5 USD	American	17/01/2025
Common	Call Option	Purchased	3,600	70.0 USD	American	20/06/2025
Common	Call Option	Purchased	300	47.5 USD	American	17/01/2025
Common	Put Option	Purchased	-300	42.5 USD	American	20/12/2024
Common	Put Option	Purchased	-12,500	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	100	62.0 USD	American	03/01/2025
Common	Put Option	Purchased	-6,500	27.5 USD	American	17/01/2025
Common	Put Option	Purchased	-300	57.5 USD	American	21/02/2025
Common	Call Option	Purchased	20,600	62.5 USD	American	17/01/2025
Common	Put Option	Purchased	-1,000	52.5 USD	American	17/01/2025
Common	Call Option	Purchased	16,300	58.0 USD	American	13/12/2024
Common	Call Option	Purchased	100	35.0 USD	American	17/01/2025
Common	Call Option	Purchased	500	40.0 USD	American	17/04/2025
Common	Call Option	Purchased	400	55.0 USD	American	15/01/2027
Common	Call Option	Purchased	600	30.0 USD	American	15/01/2027
Common	Call Option	Purchased	200	30.0 USD	American	19/09/2025
Common	Call Option	Purchased	3,000	51.0 USD	American	27/12/2024
Common	Call Option	Purchased	0	55.0 USD	American	13/12/2024
Common	Put Option	Purchased	-50,000	54.9 USD	European	15/10/2025
Common	Put Option	Purchased	-100	27.5 USD	American	17/01/2025
Common	Call Option	Purchased	61,300	55.0 USD	American	17/04/2025
Common	Put Option	Purchased	-33,200	50.0 USD	American	20/06/2025
Common	Call Option	Purchased	1,600	70.0 USD	American	17/04/2025
Common	Put Option	Purchased	-12,100	37.5 USD	American	17/01/2025
Common	Call Option	Purchased	600	32.5 USD	American	15/01/2027
Common	Put Option	Purchased	-300	59.0 USD	American	20/12/2024
Common	Call Option	Purchased	1,200	55.0 USD	American	21/02/2025
Common	Put Option	Purchased	0	61.0 USD	American	20/12/2024
Common	Put Option	Purchased	-11,500	52.5 USD	American	20/12/2024
Common	Put Option	Purchased	-3,000	45.0 USD	American	19/09/2025
Common	Call Option	Purchased	2,400	65.0 USD	American	17/01/2025
Common	Put Option	Purchased	-1,000	35.0 USD	American	17/10/2025
Common	Call Option	Purchased	13,800	50.0 USD	American	20/06/2025
Common	Put Option	Purchased	-42,400	55.0 USD	American	27/12/2024
Common	Call Option	Purchased	200	54.0 USD	American	27/12/2024
Common	Put Option	Purchased	-700	42.5 USD	American	19/09/2025
Common	Call Option	Purchased	100	62.0 USD	American	10/01/2025
Common	Call Option	Purchased	28,900	52.5 USD	American	19/09/2025
Common	Put Option	Purchased	-400	42.5 USD	American	17/04/2025
Common	Call Option	Purchased	17,300	57.5 USD	American	19/09/2025
Common	Call Option	Purchased	20,400	27.5 USD	American	16/01/2026
Common	Put Option	Purchased	-3,700	56.0 USD	American	20/12/2024
Common	Call Option	Purchased	300	70.0 USD	American	15/01/2027
Common	Put Option	Purchased	-200	57.0 USD	American	13/12/2024
Common	Call Option	Purchased	5,900	37.5 USD	American	16/01/2026
Common	Put Option	Purchased	-11,700	55.0 USD	American	16/01/2026
Common	Call Option	Purchased	100	62.0 USD	American	20/12/2024
Common	Call Option	Purchased	200	58.0 USD	American	24/01/2025
Common	Put Option	Purchased	-700	42.5 USD	American	21/02/2025
Common	Put Option	Purchased	-400	54.0 USD	American	20/12/2024
Common	Put Option	Purchased	-500	37.5 USD	American	19/09/2025
Common	Put Option	Purchased	-2,800	57.5 USD	American	20/12/2024
Common	Call Option	Purchased	200	59.0 USD	American	10/01/2025
Common	Put Option	Purchased	-800	56.0 USD	American	13/12/2024
Common	Call Option	Purchased	500	53.0 USD	American	27/12/2024
Common	Call Option	Purchased	1,700	52.5 USD	American	17/04/2025
Common	Call Option	Purchased	72,300	50.0 USD	American	17/01/2025
Common	Put Option	Purchased	-15,600	56.0 USD	American	24/01/2025
Common	Call Option	Purchased	1,900	50.0 USD	American	17/01/2025
Common	Call Option	Purchased	52,200	40.0 USD	American	17/01/2025
Common	Call Option	Purchased	3,600	63.0 USD	American	20/12/2024
Common	Call Option	Purchased	400	59.0 USD	American	27/12/2024
Common	Put Option	Purchased	-200	57.0 USD	American	27/12/2024
Common	Put Option	Sold	16,200	32.5 USD	American	17/01/2025
Common	Call Option	Sold	-7,900	70.0 USD	American	16/01/2026
Common	Put Option	Sold	20,000	52.5 USD	American	17/04/2025
Common	Put Option	Sold	40,000	45.0 USD	American	17/01/2025
Common	Put Option	Sold	28,500	55.0 USD	American	20/12/2024
Common	Call Option	Sold	-100	56.0 USD	American	20/12/2024
Common	Put Option	Sold	100	56.0 USD	American	03/01/2025
Common	Call Option	Sold	-200	20.0 USD	American	17/01/2025
Common	Call Option	Sold	-8,800	45.0 USD	American	20/06/2025
Common	Call Option	Sold	-3,000	45.0 USD	American	16/01/2026
Common	Put Option	Sold	18,700	55.0 USD	American	17/04/2025
Common	Call Option	Sold	-1,600	65.0 USD	American	17/10/2025
Common	Put Option	Sold	6,000	60.0 USD	American	20/06/2025
Common	Put Option	Sold	600	60.0 USD	American	17/04/2025
Common	Call Option	Sold	-800	60.0 USD	American	19/09/2025
Common	Call Option	Sold	-3,800	56.0 USD	American	27/12/2024
Common	Call Option	Sold	-800	47.5 USD	American	20/06/2025
Common	Call Option	Sold	-2,300	62.5 USD	American	20/12/2024
Common	Put Option	Sold	100	50.0 USD	American	20/12/2024
Common	Put Option	Sold	10,600	52.0 USD	American	13/12/2024
Common	Put Option	Sold	1,400	55.0 USD	American	03/01/2025
Common	Call Option	Sold	-96,000	60.0 USD	American	20/12/2024
Common	Call Option	Sold	-20,700	57.5 USD	American	17/01/2025
Common	Call Option	Sold	-2,500	42.5 USD	American	16/01/2026
Common	Put Option	Sold	100	35.0 USD	American	20/12/2024
Common	Put Option	Sold	400	55.0 USD	American	10/01/2025
Common	Put Option	Sold	300	58.0 USD	American	13/12/2024
Common	Put Option	Sold	153,900	40.0 USD	American	17/01/2025
Common	Put Option	Sold	100	59.0 USD	American	03/01/2025
Common	Put Option	Sold	100	27.5 USD	American	16/01/2026
Common	Put Option	Sold	2,700	54.0 USD	American	27/12/2024
Common	Call Option	Sold	-90,300	60.0 USD	American	17/01/2025
Common	Call Option	Sold	-200	58.0 USD	American	27/12/2024
Common	Call Option	Sold	-700	60.0 USD	American	27/12/2024
Common	Call Option	Sold	-1,000	85.0 USD	American	16/01/2026
Common	Put Option	Sold	3,600	45.0 USD	American	20/12/2024
Common	Call Option	Sold	-200	50.0 USD	American	17/10/2025
Common	Call Option	Sold	-1,600	45.0 USD	American	20/12/2024
Common	Put Option	Sold	6,500	55.0 USD	American	20/06/2025
Common	Call Option	Sold	-5,000	37.5 USD	American	17/01/2025
Common	Call Option	Sold	-2,000	42.5 USD	American	17/10/2025
Common	Put Option	Sold	2,100	55.0 USD	American	17/01/2025
Common	Call Option	Sold	-200	62.5 USD	American	20/06/2025
Common	Call Option	Sold	-1,500	56.0 USD	American	13/12/2024
Common	Call Option	Sold	-2,500	47.5 USD	American	19/09/2025
Common	Put Option	Sold	21,000	57.5 USD	American	17/04/2025
Common	Call Option	Sold	-100	60.0 USD	American	20/06/2025
Common	Call Option	Sold	-39,100	59.0 USD	American	20/12/2024
Common	Put Option	Sold	4,800	25.0 USD	American	16/01/2026
Common	Call Option	Sold	-900	55.0 USD	American	27/12/2024
Common	Put Option	Sold	12,500	45.0 USD	American	16/01/2026
Common	Call Option	Sold	-500	65.0 USD	American	16/01/2026
Common	Call Option	Sold	-4,200	42.5 USD	American	19/09/2025
Common	Call Option	Sold	-2,200	47.5 USD	American	16/01/2026
Common	Call Option	Sold	-5,900	57.0 USD	American	27/12/2024
Common	Put Option	Sold	8,900	47.5 USD	American	17/04/2025
Common	Call Option	Sold	-200	59.0 USD	American	13/12/2024
Common	Put Option	Sold	1,200	53.0 USD	American	27/12/2024
Common	Put Option	Sold	29,100	35.0 USD	American	17/01/2025
Common	Call Option	Sold	-1,000	56.0 USD	American	24/01/2025
Common	Call Option	Sold	-200	59.0 USD	American	03/01/2025
Common	Put Option	Sold	400	57.0 USD	American	24/01/2025
Common	Put Option	Sold	2,500	42.5 USD	American	16/01/2026
Common	Put Option	Sold	1,100	56.0 USD	American	27/12/2024
Common	Put Option	Sold	3,000	30.0 USD	American	16/01/2026
Common	Call Option	Sold	-200	30.0 USD	American	17/01/2025
Common	Call Option	Sold	-100	75.0 USD	American	20/06/2025
Common	Put Option	Sold	300	47.5 USD	American	20/06/2025
Common	Call Option	Sold	-1,000	50.0 USD	American	16/01/2026
Common	Call Option	Sold	-10,100	50.0 USD	American	17/04/2025
Common	Put Option	Sold	600	55.0 USD	American	21/02/2025
Common	Call Option	Sold	-4,600	60.0 USD	American	16/01/2026
Common	Call Option	Sold	-300	56.0 USD	American	03/01/2025
Common	Call Option	Sold	-400	37.5 USD	American	19/09/2025
Common	Put Option	Sold	100	62.5 USD	American	16/01/2026
Common	Put Option	Sold	100	60.0 USD	American	16/01/2026
Common	Put Option	Sold	1,100	50.0 USD	American	17/10/2025
Common	Call Option	Sold	-491,000	47.5 USD	American	17/01/2025
Common	Call Option	Sold	-100	57.0 USD	American	03/01/2025
Common	Put Option	Sold	1,300	62.5 USD	American	17/04/2025
Common	Call Option	Sold	-9,700	47.5 USD	American	17/04/2025
Common	Call Option	Sold	-37,800	55.0 USD	American	20/12/2024
Common	Put Option	Sold	200	45.0 USD	American	21/02/2025
Common	Put Option	Sold	100	37.5 USD	American	17/04/2025
Common	Put Option	Sold	300	47.5 USD	American	19/09/2025
Common	Call Option	Sold	-6,100	62.5 USD	American	17/04/2025
Common	Call Option	Sold	-8,300	62.5 USD	American	16/01/2026
Common	Put Option	Sold	4,200	37.5 USD	American	16/01/2026
Common	Put Option	Sold	65,800	30.0 USD	American	17/01/2025
Common	Put Option	Sold	17,000	50.0 USD	American	17/01/2025
Common	Put Option	Sold	49,600	47.5 USD	American	17/01/2025
Common	Put Option	Sold	5,800	57.5 USD	American	16/01/2026
Common	Put Option	Sold	100	54.0 USD	American	10/01/2025

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 [phone].

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

 

END