Form 8.3 - International Paper Company

Citadel Group

19 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	18 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:	277	0.00	3,010,429	0.86
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	1,717,200	0.49	1,574,800	0.45
TOTAL:	1,717,477	0.49	4,585,229	1.31

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	121	53.5000 USD
Common	Buy Transaction	1	53.5900 USD
Common	Buy Transaction	11	53.6109 USD
Common	Buy Transaction	6	53.6200 USD
Common	Buy Transaction	1	53.6300 USD
Common	Buy Transaction	34,469	53.6400 USD
Common	Buy Transaction	849	53.6401 USD
Common	Buy Transaction	392	53.6595 USD
Common	Buy Transaction	841	53.6598 USD
Common	Buy Transaction	197	53.6681 USD
Common	Buy Transaction	49	53.6914 USD
Common	Buy Transaction	30	53.7100 USD
Common	Buy Transaction	254	53.7109 USD
Common	Buy Transaction	2,328	53.7173 USD
Common	Buy Transaction	100	53.7200 USD
Common	Buy Transaction	10	53.7250 USD
Common	Buy Transaction	2,392	53.7311 USD
Common	Buy Transaction	125	53.7400 USD
Common	Buy Transaction	1,455	53.7463 USD
Common	Buy Transaction	91	53.7525 USD
Common	Buy Transaction	448	53.7713 USD
Common	Buy Transaction	184	53.7780 USD
Common	Buy Transaction	329	53.7847 USD
Common	Buy Transaction	388	53.7864 USD
Common	Buy Transaction	134	53.8072 USD
Common	Buy Transaction	290	53.8116 USD
Common	Buy Transaction	2,023	53.8174 USD
Common	Buy Transaction	226	53.8190 USD
Common	Buy Transaction	55	53.8233 USD
Common	Buy Transaction	1,379	53.8240 USD
Common	Buy Transaction	109	53.8300 USD
Common	Buy Transaction	200	53.8330 USD
Common	Buy Transaction	51	53.8380 USD
Common	Buy Transaction	84	53.8388 USD
Common	Buy Transaction	22	53.8391 USD
Common	Buy Transaction	231	53.8396 USD
Common	Buy Transaction	217	53.8400 USD
Common	Buy Transaction	91	53.8448 USD
Common	Buy Transaction	35	53.8477 USD
Common	Buy Transaction	1	53.8500 USD
Common	Buy Transaction	5	53.8600 USD
Common	Buy Transaction	992	53.8674 USD
Common	Buy Transaction	135	53.8699 USD
Common	Buy Transaction	619	53.8743 USD
Common	Buy Transaction	682	53.8854 USD
Common	Buy Transaction	8	53.8875 USD
Common	Buy Transaction	12,381	53.8908 USD
Common	Buy Transaction	105	53.9119 USD
Common	Buy Transaction	208	53.9275 USD
Common	Buy Transaction	203	53.9400 USD
Common	Buy Transaction	3,514	53.9465 USD
Common	Buy Transaction	250	53.9500 USD
Common	Buy Transaction	1	53.9800 USD
Common	Buy Transaction	496	53.9972 USD
Common	Buy Transaction	147	54.0133 USD
Common	Buy Transaction	344	54.0239 USD
Common	Buy Transaction	1,481	54.0264 USD
Common	Buy Transaction	514	54.0477 USD
Common	Buy Transaction	166	54.0500 USD
Common	Buy Transaction	478	54.0584 USD
Common	Buy Transaction	1	54.0700 USD
Common	Buy Transaction	7	54.0704 USD
Common	Buy Transaction	366	54.1142 USD
Common	Buy Transaction	12	54.1383 USD
Common	Buy Transaction	3	54.1867 USD
Common	Buy Transaction	210	54.1961 USD
Common	Buy Transaction	225	54.2219 USD
Common	Buy Transaction	2,855	54.2231 USD
Common	Buy Transaction	336	54.2250 USD
Common	Buy Transaction	168	54.2444 USD
Common	Buy Transaction	202	54.2651 USD
Common	Buy Transaction	1,153	54.2994 USD
Common	Buy Transaction	86	54.3002 USD
Common	Buy Transaction	28	54.3100 USD
Common	Buy Transaction	537	54.3132 USD
Common	Buy Transaction	385	54.3172 USD
Common	Buy Transaction	1,120	54.3188 USD
Common	Buy Transaction	134	54.3374 USD
Common	Buy Transaction	864	54.3412 USD
Common	Buy Transaction	3	54.3433 USD
Common	Buy Transaction	680	54.3496 USD
Common	Buy Transaction	100	54.3500 USD
Common	Buy Transaction	180	54.3668 USD
Common	Buy Transaction	219	54.3911 USD
Common	Buy Transaction	300	54.4100 USD
Common	Buy Transaction	223	54.4278 USD
Common	Buy Transaction	1	54.4300 USD
Common	Buy Transaction	236	54.4500 USD
Common	Buy Transaction	100	54.4594 USD
Common	Buy Transaction	1	54.4692 USD
Common	Buy Transaction	354	54.4708 USD
Common	Buy Transaction	141	54.4723 USD
Common	Buy Transaction	63	54.4800 USD
Common	Buy Transaction	245	54.4821 USD
Common	Buy Transaction	328	54.4862 USD
Common	Buy Transaction	92	54.4886 USD
Common	Buy Transaction	134	54.5203 USD
Common	Buy Transaction	107	54.5211 USD
Common	Buy Transaction	32	54.5478 USD
Common	Buy Transaction	358	54.5570 USD
Common	Buy Transaction	2,235	54.5817 USD
Common	Buy Transaction	100	54.6000 USD
Common	Buy Transaction	128	54.6218 USD
Common	Buy Transaction	288	54.6414 USD
Common	Buy Transaction	10	54.6430 USD
Common	Buy Transaction	1,235	54.6511 USD
Common	Buy Transaction	2,287	54.6598 USD
Common	Buy Transaction	279	54.6599 USD
Common	Buy Transaction	15	54.6700 USD
Common	Buy Transaction	1,090	54.6844 USD
Common	Buy Transaction	5,261	54.6981 USD
Common	Buy Transaction	30	54.7100 USD
Common	Buy Transaction	1,994	54.7190 USD
Common	Buy Transaction	4	54.7300 USD
Common	Buy Transaction	1,061	54.7472 USD
Common	Buy Transaction	2,259	54.7537 USD
Common	Buy Transaction	1,393	54.7692 USD
Common	Buy Transaction	697	54.7699 USD
Common	Buy Transaction	36	54.7800 USD
Common	Buy Transaction	212	54.7882 USD
Common	Buy Transaction	45	54.8000 USD
Common	Buy Transaction	2,117	54.8126 USD
Common	Buy Transaction	310	54.8155 USD
Common	Buy Transaction	213	54.8224 USD
Common	Buy Transaction	3,322	54.8277 USD
Common	Buy Transaction	1,121	54.8328 USD
Common	Buy Transaction	435	54.8337 USD
Common	Buy Transaction	122	54.8392 USD
Common	Buy Transaction	1,022	54.8442 USD
Common	Buy Transaction	171	54.8600 USD
Common	Buy Transaction	149	54.8697 USD
Common	Buy Transaction	10,167	54.8712 USD
Common	Buy Transaction	1,965	54.8730 USD
Common	Buy Transaction	3,130	54.8754 USD
Common	Buy Transaction	202	54.8762 USD
Common	Buy Transaction	1,967	54.8785 USD
Common	Buy Transaction	30	54.8800 USD
Common	Buy Transaction	2,006	54.8815 USD
Common	Buy Transaction	4,133	54.8845 USD
Common	Buy Transaction	753	54.8878 USD
Common	Buy Transaction	3,267	54.8908 USD
Common	Buy Transaction	170	54.8981 USD
Common	Buy Transaction	124	54.8985 USD
Common	Buy Transaction	1,046	54.9036 USD
Common	Buy Transaction	941	54.9193 USD
Common	Buy Transaction	91	54.9300 USD
Common	Buy Transaction	154	54.9433 USD
Common	Buy Transaction	4	54.9500 USD
Common	Buy Transaction	50	54.9512 USD
Common	Buy Transaction	100	54.9600 USD
Common	Buy Transaction	921	54.9673 USD
Common	Buy Transaction	300	54.9800 USD
Common	Buy Transaction	90	54.9878 USD
Common	Buy Transaction	961	54.9938 USD
Common	Buy Transaction	91	54.9943 USD
Common	Buy Transaction	15	54.9953 USD
Common	Buy Transaction	100	54.9966 USD
Common	Buy Transaction	145	54.9984 USD
Common	Buy Transaction	60	54.9985 USD
Common	Buy Transaction	1,149	54.9995 USD
Common	Buy Transaction	740	55.0048 USD
Common	Buy Transaction	48	55.0106 USD
Common	Buy Transaction	89	55.0140 USD
Common	Buy Transaction	600	55.0200 USD
Common	Buy Transaction	2	55.0250 USD
Common	Buy Transaction	627	55.0266 USD
Common	Buy Transaction	741	55.0317 USD
Common	Buy Transaction	10	55.0350 USD
Common	Buy Transaction	383	55.0379 USD
Common	Buy Transaction	14	55.0400 USD
Common	Buy Transaction	101	55.0700 USD
Common	Buy Transaction	1,245	55.0710 USD
Common	Buy Transaction	200	55.0750 USD
Common	Buy Transaction	500	55.0928 USD
Common	Buy Transaction	261	55.0969 USD
Common	Buy Transaction	27	55.1000 USD
Common	Buy Transaction	261	55.1025 USD
Common	Buy Transaction	4	55.1100 USD
Common	Buy Transaction	109	55.1137 USD
Common	Buy Transaction	5	55.1160 USD
Common	Buy Transaction	1	55.1200 USD
Common	Buy Transaction	58	55.1286 USD
Common	Buy Transaction	7	55.1314 USD
Common	Buy Transaction	10	55.1400 USD
Common	Buy Transaction	100	55.1500 USD
Common	Buy Transaction	50	55.1612 USD
Common	Buy Transaction	81	55.1649 USD
Common	Buy Transaction	26	55.1700 USD
Common	Buy Transaction	7	55.1743 USD
Common	Buy Transaction	6	55.1750 USD
Common	Buy Transaction	14	55.1771 USD
Common	Buy Transaction	153	55.1798 USD
Common	Buy Transaction	11	55.1800 USD
Common	Buy Transaction	104	55.1823 USD
Common	Buy Transaction	52	55.1871 USD
Common	Buy Transaction	106	55.1883 USD
Common	Buy Transaction	534	55.1953 USD
Common	Buy Transaction	141	55.2134 USD
Common	Buy Transaction	24	55.2179 USD
Common	Buy Transaction	15	55.2220 USD
Common	Buy Transaction	200	55.2300 USD
Common	Buy Transaction	41	55.2571 USD
Common	Buy Transaction	20	55.2800 USD
Common	Buy Transaction	1	55.2900 USD
Common	Buy Transaction	1	55.3100 USD
Common	Buy Transaction	19	55.3300 USD
Common	Buy Transaction	18	55.3500 USD
Common	Buy Transaction	13	55.3600 USD
Common	Buy Transaction	7	55.3700 USD
Common	Buy Transaction	106	55.3729 USD
Common	Buy Transaction	800	55.4481 USD
Common	Buy Transaction	2,211	55.5751 USD
Common	Buy Transaction	240	55.5771 USD
Common	Buy Transaction	100	55.6100 USD
Common	Buy Transaction	1	55.6600 USD
Common	Buy Transaction	1,718	55.6700 USD
Common	DVP Transaction	33,166	53.6400 USD
Common	DVP Transaction	1,924	53.8568 USD
Common	DVP Transaction	1	54.0000 USD
Common	DVP Transaction	18	54.7828 USD
Common	DVP Transaction	200	54.8900 USD
Common	DVP Transaction	1,622	54.9008 USD
Common	DVP Transaction	2	54.9900 USD
Common	DVP Transaction	9	55.0200 USD
Common	DVP Transaction	3	55.0600 USD
Common	DVP Transaction	37	55.0762 USD
Common	DVP Transaction	6	55.0867 USD
Common	DVP Transaction	1	55.0900 USD
Common	DVP Transaction	47	55.1400 USD
Common	DVP Transaction	3	55.1467 USD
Common	DVP Transaction	57	55.1500 USD
Common	DVP Transaction	3,497	55.1545 USD
Common	DVP Transaction	96	55.1600 USD
Common	DVP Transaction	140	55.2950 USD
Common	DVP Transaction	100	55.3150 USD
Common	DVP Transaction	80	55.3250 USD
Common	DVP Transaction	61	55.3300 USD
Common	DVP Transaction	9	55.3400 USD
Common	DVP Transaction	157	55.3489 USD
Common	DVP Transaction	120	55.3500 USD
Common	DVP Transaction	11	55.3550 USD
Common	DVP Transaction	11	55.3555 USD
Common	DVP Transaction	13	55.3600 USD
Common	DVP Transaction	700	55.3607 USD
Common	DVP Transaction	8	55.3650 USD
Common	DVP Transaction	129	55.3700 USD
Common	DVP Transaction	100	55.3800 USD
Common	DVP Transaction	100	55.3850 USD
Common	DVP Transaction	100	55.3900 USD
Common	DVP Transaction	230	55.4000 USD
Common	DVP Transaction	200	55.4050 USD
Common	DVP Transaction	100	55.4100 USD
Common	DVP Transaction	248	55.5100 USD
Common	DVP Transaction	127	55.6659 USD
Common	RVP Transaction	33,166	53.6400 USD
Common	RVP Transaction	240	53.6500 USD
Common	RVP Transaction	49	53.7541 USD
Common	RVP Transaction	284	53.8500 USD
Common	RVP Transaction	141	53.8521 USD
Common	RVP Transaction	112	53.9116 USD
Common	RVP Transaction	82	53.9590 USD
Common	RVP Transaction	6	54.0583 USD
Common	RVP Transaction	702	54.1451 USD
Common	RVP Transaction	530	54.3642 USD
Common	RVP Transaction	58	54.3862 USD
Common	RVP Transaction	72	54.4272 USD
Common	RVP Transaction	122	54.4413 USD
Common	RVP Transaction	15	54.5333 USD
Common	RVP Transaction	140	54.5467 USD
Common	RVP Transaction	30	54.6300 USD
Common	RVP Transaction	138	54.6913 USD
Common	RVP Transaction	28	54.7050 USD
Common	RVP Transaction	25	54.9100 USD
Common	RVP Transaction	452	54.9217 USD
Common	RVP Transaction	1	54.9600 USD
Common	RVP Transaction	736	54.9726 USD
Common	RVP Transaction	1	54.9800 USD
Common	RVP Transaction	1	54.9900 USD
Common	RVP Transaction	9	55.0200 USD
Common	RVP Transaction	2	55.0250 USD
Common	RVP Transaction	2	55.0500 USD
Common	RVP Transaction	1	55.0900 USD
Common	RVP Transaction	2	55.1000 USD
Common	RVP Transaction	334	55.1495 USD
Common	RVP Transaction	700	55.1500 USD
Common	RVP Transaction	500	55.1530 USD
Common	RVP Transaction	1,100	55.1550 USD
Common	RVP Transaction	864	55.1600 USD
Common	RVP Transaction	2	55.1850 USD
Common	RVP Transaction	1	55.2200 USD
Common	RVP Transaction	57	55.2293 USD
Common	RVP Transaction	1	55.2900 USD
Common	RVP Transaction	140	55.2950 USD
Common	RVP Transaction	100	55.3150 USD
Common	RVP Transaction	40	55.3250 USD
Common	RVP Transaction	21	55.3300 USD
Common	RVP Transaction	9	55.3400 USD
Common	RVP Transaction	100	55.3500 USD
Common	RVP Transaction	11	55.3555 USD
Common	RVP Transaction	1,197	55.3638 USD
Common	RVP Transaction	8	55.3650 USD
Common	RVP Transaction	111	55.3700 USD
Common	RVP Transaction	100	55.3800 USD
Common	RVP Transaction	100	55.3850 USD
Common	RVP Transaction	100	55.3900 USD
Common	RVP Transaction	100	55.4000 USD
Common	RVP Transaction	100	55.4050 USD
Common	RVP Transaction	101	55.4100 USD
Common	RVP Transaction	216	55.5100 USD
Common	RVP Transaction	173	55.6054 USD
Common	Sell Transaction	10	53.5000 USD
Common	Sell Transaction	150	53.6300 USD
Common	Sell Transaction	32,405	53.6400 USD
Common	Sell Transaction	22	53.6484 USD
Common	Sell Transaction	14	53.6532 USD
Common	Sell Transaction	3,587	53.6594 USD
Common	Sell Transaction	364	53.6605 USD
Common	Sell Transaction	166	53.6608 USD
Common	Sell Transaction	1	53.7000 USD
Common	Sell Transaction	610	53.7191 USD
Common	Sell Transaction	292	53.7193 USD
Common	Sell Transaction	26	53.7400 USD
Common	Sell Transaction	2	53.7600 USD
Common	Sell Transaction	648	53.7687 USD
Common	Sell Transaction	1,530	53.7693 USD
Common	Sell Transaction	21	53.7786 USD
Common	Sell Transaction	1	53.7800 USD
Common	Sell Transaction	672	53.7847 USD
Common	Sell Transaction	1,104	53.7918 USD
Common	Sell Transaction	120	53.8100 USD
Common	Sell Transaction	1,849	53.8145 USD
Common	Sell Transaction	44	53.8200 USD
Common	Sell Transaction	1	53.8300 USD
Common	Sell Transaction	73	53.8340 USD
Common	Sell Transaction	400	53.8350 USD
Common	Sell Transaction	718	53.8354 USD
Common	Sell Transaction	1	53.8400 USD
Common	Sell Transaction	8	53.8488 USD
Common	Sell Transaction	16	53.8500 USD
Common	Sell Transaction	341	53.8539 USD
Common	Sell Transaction	312	53.8551 USD
Common	Sell Transaction	1,274	53.8572 USD
Common	Sell Transaction	2,279	53.8600 USD
Common	Sell Transaction	8,394	53.8700 USD
Common	Sell Transaction	1,582	53.8816 USD
Common	Sell Transaction	3,412	53.8867 USD
Common	Sell Transaction	12,400	53.8916 USD
Common	Sell Transaction	2,799	53.8922 USD
Common	Sell Transaction	599	53.8946 USD
Common	Sell Transaction	9	53.8967 USD
Common	Sell Transaction	450	53.9020 USD
Common	Sell Transaction	34	53.9147 USD
Common	Sell Transaction	25	53.9184 USD
Common	Sell Transaction	341	53.9320 USD
Common	Sell Transaction	550	53.9339 USD
Common	Sell Transaction	1,005	53.9519 USD
Common	Sell Transaction	29	53.9693 USD
Common	Sell Transaction	1,976	53.9795 USD
Common	Sell Transaction	214	53.9908 USD
Common	Sell Transaction	359	54.0020 USD
Common	Sell Transaction	282	54.0170 USD
Common	Sell Transaction	172	54.0294 USD
Common	Sell Transaction	561	54.0345 USD
Common	Sell Transaction	200	54.0500 USD
Common	Sell Transaction	138	54.0517 USD
Common	Sell Transaction	543	54.0544 USD
Common	Sell Transaction	35	54.0580 USD
Common	Sell Transaction	736	54.0603 USD
Common	Sell Transaction	7	54.0704 USD
Common	Sell Transaction	7	54.0704 USD
Common	Sell Transaction	272	54.0742 USD
Common	Sell Transaction	500	54.0920 USD
Common	Sell Transaction	357	54.1090 USD
Common	Sell Transaction	670	54.1104 USD
Common	Sell Transaction	679	54.1235 USD
Common	Sell Transaction	368	54.1512 USD
Common	Sell Transaction	14	54.2300 USD
Common	Sell Transaction	71	54.2400 USD
Common	Sell Transaction	273	54.2600 USD
Common	Sell Transaction	3	54.2700 USD
Common	Sell Transaction	295	54.2996 USD
Common	Sell Transaction	684	54.3118 USD
Common	Sell Transaction	728	54.3212 USD
Common	Sell Transaction	366	54.3215 USD
Common	Sell Transaction	46	54.3250 USD
Common	Sell Transaction	372	54.3377 USD
Common	Sell Transaction	149	54.3401 USD
Common	Sell Transaction	100	54.3600 USD
Common	Sell Transaction	790	54.3634 USD
Common	Sell Transaction	410	54.3775 USD
Common	Sell Transaction	828	54.4041 USD
Common	Sell Transaction	288	54.4085 USD
Common	Sell Transaction	2,720	54.4200 USD
Common	Sell Transaction	1,522	54.4271 USD
Common	Sell Transaction	8	54.4300 USD
Common	Sell Transaction	9	54.4433 USD
Common	Sell Transaction	403	54.4497 USD
Common	Sell Transaction	100	54.4500 USD
Common	Sell Transaction	688	54.4538 USD
Common	Sell Transaction	188	54.4656 USD
Common	Sell Transaction	1	54.4692 USD
Common	Sell Transaction	100	54.4700 USD
Common	Sell Transaction	1,010	54.4747 USD
Common	Sell Transaction	146	54.4831 USD
Common	Sell Transaction	100	54.4850 USD
Common	Sell Transaction	1	54.5000 USD
Common	Sell Transaction	200	54.5200 USD
Common	Sell Transaction	115	54.5217 USD
Common	Sell Transaction	31	54.5332 USD
Common	Sell Transaction	145	54.5398 USD
Common	Sell Transaction	33	54.5458 USD
Common	Sell Transaction	100	54.5600 USD
Common	Sell Transaction	100	54.5700 USD
Common	Sell Transaction	100	54.5800 USD
Common	Sell Transaction	3	54.6200 USD
Common	Sell Transaction	1,165	54.6291 USD
Common	Sell Transaction	2	54.6400 USD
Common	Sell Transaction	100	54.6600 USD
Common	Sell Transaction	2,112	54.6681 USD
Common	Sell Transaction	2,701	54.6845 USD
Common	Sell Transaction	363	54.6977 USD
Common	Sell Transaction	861	54.6980 USD
Common	Sell Transaction	5	54.7000 USD
Common	Sell Transaction	1,461	54.7175 USD
Common	Sell Transaction	103	54.7200 USD
Common	Sell Transaction	1,457	54.7334 USD
Common	Sell Transaction	1,044	54.7484 USD
Common	Sell Transaction	2,906	54.7486 USD
Common	Sell Transaction	298	54.7668 USD
Common	Sell Transaction	357	54.7688 USD
Common	Sell Transaction	4,790	54.7850 USD
Common	Sell Transaction	707	54.7869 USD
Common	Sell Transaction	372	54.7891 USD
Common	Sell Transaction	38	54.7900 USD
Common	Sell Transaction	189	54.7954 USD
Common	Sell Transaction	46	54.7991 USD
Common	Sell Transaction	1,127	54.8038 USD
Common	Sell Transaction	48	54.8135 USD
Common	Sell Transaction	616	54.8146 USD
Common	Sell Transaction	200	54.8200 USD
Common	Sell Transaction	600	54.8275 USD
Common	Sell Transaction	125	54.8346 USD
Common	Sell Transaction	14	54.8464 USD
Common	Sell Transaction	9	54.8500 USD
Common	Sell Transaction	270	54.8504 USD
Common	Sell Transaction	2,459	54.8514 USD
Common	Sell Transaction	8	54.8550 USD
Common	Sell Transaction	3,012	54.8658 USD
Common	Sell Transaction	7	54.8671 USD
Common	Sell Transaction	114	54.8700 USD
Common	Sell Transaction	97	54.8800 USD
Common	Sell Transaction	680	54.8806 USD
Common	Sell Transaction	450	54.8814 USD
Common	Sell Transaction	64	54.8842 USD
Common	Sell Transaction	271	54.8900 USD
Common	Sell Transaction	239	54.8919 USD
Common	Sell Transaction	1,102	54.8994 USD
Common	Sell Transaction	10	54.9000 USD
Common	Sell Transaction	566	54.9007 USD
Common	Sell Transaction	6,833	54.9027 USD
Common	Sell Transaction	2,448	54.9081 USD
Common	Sell Transaction	77	54.9100 USD
Common	Sell Transaction	3,667	54.9110 USD
Common	Sell Transaction	260	54.9162 USD
Common	Sell Transaction	357	54.9189 USD
Common	Sell Transaction	269	54.9200 USD
Common	Sell Transaction	125	54.9300 USD
Common	Sell Transaction	351	54.9303 USD
Common	Sell Transaction	196	54.9400 USD
Common	Sell Transaction	113	54.9442 USD
Common	Sell Transaction	1,969	54.9468 USD
Common	Sell Transaction	361	54.9536 USD
Common	Sell Transaction	253	54.9600 USD
Common	Sell Transaction	260	54.9680 USD
Common	Sell Transaction	4,861	54.9773 USD
Common	Sell Transaction	201	54.9808 USD
Common	Sell Transaction	463	54.9919 USD
Common	Sell Transaction	91	54.9943 USD
Common	Sell Transaction	95	54.9997 USD
Common	Sell Transaction	82	55.0009 USD
Common	Sell Transaction	21	55.0024 USD
Common	Sell Transaction	42	55.0040 USD
Common	Sell Transaction	83	55.0100 USD
Common	Sell Transaction	286	55.0139 USD
Common	Sell Transaction	7	55.0171 USD
Common	Sell Transaction	800	55.0200 USD
Common	Sell Transaction	85	55.0245 USD
Common	Sell Transaction	104	55.0246 USD
Common	Sell Transaction	127	55.0286 USD
Common	Sell Transaction	55	55.0442 USD
Common	Sell Transaction	1,406	55.0449 USD
Common	Sell Transaction	3	55.0467 USD
Common	Sell Transaction	93	55.0500 USD
Common	Sell Transaction	164	55.0547 USD
Common	Sell Transaction	4,055	55.0600 USD
Common	Sell Transaction	168	55.0686 USD
Common	Sell Transaction	16,073	55.0800 USD
Common	Sell Transaction	200	55.0825 USD
Common	Sell Transaction	124	55.0900 USD
Common	Sell Transaction	45	55.1000 USD
Common	Sell Transaction	101	55.1007 USD
Common	Sell Transaction	38	55.1053 USD
Common	Sell Transaction	100	55.1150 USD
Common	Sell Transaction	1	55.1200 USD
Common	Sell Transaction	20	55.1250 USD
Common	Sell Transaction	7	55.1286 USD
Common	Sell Transaction	20	55.1300 USD
Common	Sell Transaction	524	55.1400 USD
Common	Sell Transaction	41	55.1405 USD
Common	Sell Transaction	726	55.1412 USD
Common	Sell Transaction	80	55.1425 USD
Common	Sell Transaction	500	55.1500 USD
Common	Sell Transaction	100	55.1537 USD
Common	Sell Transaction	250	55.1560 USD
Common	Sell Transaction	190	55.1587 USD
Common	Sell Transaction	1,224	55.1600 USD
Common	Sell Transaction	250	55.2000 USD
Common	Sell Transaction	100	55.2067 USD
Common	Sell Transaction	1	55.2100 USD
Common	Sell Transaction	36	55.2164 USD
Common	Sell Transaction	1	55.2600 USD
Common	Sell Transaction	1	55.2900 USD
Common	Sell Transaction	1	55.3400 USD
Common	Sell Transaction	118	55.3600 USD
Common	Sell Transaction	1	55.3702 USD
Common	Sell Transaction	612	55.3838 USD
Common	Sell Transaction	1	55.4200 USD
Common	Sell Transaction	1	55.4300 USD
Common	Sell Transaction	1	55.4600 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	Put Option	Buy Transaction	10	47.5000 USD	American	2025-Jan-17	0.1500 USD
Common	Call Option	Buy Transaction	1	56.0000 USD	American	2024-Dec-20	0.1800 USD
Common	Call Option	Buy Transaction	6	60.0000 USD	American	2025-Jan-17	0.3100 USD
Common	Call Option	Buy Transaction	3	56.0000 USD	American	2025-Jan-03	0.8000 USD
Common	Call Option	Buy Transaction	10	57.5000 USD	American	2025-Jan-17	0.8500 USD
Common	Call Option	Buy Transaction	1	57.5000 USD	American	2025-Jan-17	0.9100 USD
Common	Call Option	Buy Transaction	2	58.0000 USD	American	2025-Jan-24	0.9500 USD
Common	Call Option	Buy Transaction	2	55.0000 USD	American	2024-Dec-20	1.0000 USD
Common	Put Option	Buy Transaction	1	52.5000 USD	American	2025-Jan-17	1.0900 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-03	1.1000 USD
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-03	1.2000 USD
Common	Put Option	Buy Transaction	17	55.0000 USD	American	2025-Jan-17	1.5000 USD
Common	Put Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-10	1.5000 USD
Common	Call Option	Buy Transaction	6	56.0000 USD	American	2025-Jan-24	1.5200 USD
Common	Put Option	Buy Transaction	12	55.0000 USD	American	2025-Jan-17	1.6000 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Jan-17	1.6300 USD
Common	Put Option	Buy Transaction	4	55.0000 USD	American	2025-Jan-17	1.6500 USD
Common	Call Option	Buy Transaction	1	56.0000 USD	American	2025-Jan-31	1.7000 USD
Common	Put Option	Buy Transaction	39	55.0000 USD	American	2025-Jan-24	1.7500 USD
Common	Put Option	Buy Transaction	30	56.0000 USD	American	2025-Jan-24	2.1500 USD
Common	Put Option	Buy Transaction	10	56.0000 USD	American	2025-Jan-24	2.2000 USD
Common	Put Option	Buy Transaction	8	55.0000 USD	American	2025-Jan-17	2.3000 USD
Common	Put Option	Buy Transaction	10	56.0000 USD	American	2025-Jan-24	2.3000 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jun-20	2.3900 USD
Common	Call Option	Buy Transaction	6	60.0000 USD	American	2025-Jun-20	2.5500 USD
Common	Call Option	Buy Transaction	2	57.5000 USD	American	2025-Apr-17	2.7000 USD
Common	Call Option	Buy Transaction	10	55.0000 USD	American	2025-Feb-21	3.1000 USD
Common	Call Option	Buy Transaction	1	57.5000 USD	American	2025-Jun-20	3.5000 USD
Common	Call Option	Buy Transaction	48	62.5000 USD	American	2026-Jan-16	3.7000 USD
Common	Put Option	Buy Transaction	1	57.5000 USD	American	2025-Jun-20	5.5000 USD
Common	Call Option	Buy Transaction	12	47.5000 USD	American	2025-Apr-17	9.0000 USD
Common	Call Option	Buy Transaction	4	45.0000 USD	American	2026-Jan-16	12.1500 USD
Common	Call Option	Buy Transaction	3	42.5000 USD	American	2025-Jun-20	13.3000 USD
Common	Call Option	Sell Transaction	32	58.0000 USD	American	2024-Dec-20	0.0500 USD
Common	Call Option	Sell Transaction	1	57.5000 USD	American	2024-Dec-20	0.0700 USD
Common	Call Option	Sell Transaction	22	60.0000 USD	American	2025-Jan-17	0.3500 USD
Common	Put Option	Sell Transaction	4	54.0000 USD	American	2024-Dec-27	0.4500 USD
Common	Put Option	Sell Transaction	7	52.0000 USD	American	2025-Jan-10	0.4500 USD
Common	Call Option	Sell Transaction	10	56.0000 USD	American	2024-Dec-27	0.5500 USD
Common	Call Option	Sell Transaction	1	57.0000 USD	American	2025-Jan-03	0.5500 USD
Common	Put Option	Sell Transaction	17	53.0000 USD	American	2025-Jan-10	0.6500 USD
Common	Put Option	Sell Transaction	3	52.5000 USD	American	2025-Jan-17	0.7000 USD
Common	Call Option	Sell Transaction	10	57.5000 USD	American	2025-Jan-17	0.8500 USD
Common	Call Option	Sell Transaction	15	57.5000 USD	American	2025-Jan-17	0.9000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2024-Dec-27	0.9500 USD
Common	Put Option	Sell Transaction	5	54.0000 USD	American	2025-Jan-10	0.9500 USD
Common	Put Option	Sell Transaction	6	50.0000 USD	American	2025-Feb-21	0.9500 USD
Common	Call Option	Sell Transaction	5	60.0000 USD	American	2025-Feb-21	0.9500 USD
Common	Call Option	Sell Transaction	11	55.0000 USD	American	2024-Dec-27	1.0500 USD
Common	Put Option	Sell Transaction	4	42.5000 USD	American	2025-Sep-19	1.2000 USD
Common	Put Option	Sell Transaction	1	56.0000 USD	American	2024-Dec-27	1.3900 USD
Common	Put Option	Sell Transaction	3	50.0000 USD	American	2025-Apr-17	1.5000 USD
Common	Put Option	Sell Transaction	4	50.0000 USD	American	2025-Apr-17	1.5500 USD
Common	Put Option	Sell Transaction	1	52.5000 USD	American	2025-Feb-21	1.6000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2025-Jan-17	1.6100 USD
Common	Put Option	Sell Transaction	4	45.0000 USD	American	2025-Sep-19	1.6500 USD
Common	Call Option	Sell Transaction	10	55.0000 USD	American	2025-Jan-17	1.8000 USD
Common	Call Option	Sell Transaction	6	57.5000 USD	American	2025-Feb-21	1.8200 USD
Common	Put Option	Sell Transaction	2	42.5000 USD	American	2026-Jan-16	2.0000 USD
Common	Put Option	Sell Transaction	2	47.5000 USD	American	2025-Sep-19	2.2500 USD
Common	Put Option	Sell Transaction	2	45.0000 USD	American	2026-Jan-16	2.5500 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Feb-21	2.6500 USD
Common	Put Option	Sell Transaction	2	55.0000 USD	American	2025-Feb-21	2.7000 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Feb-21	2.7500 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Feb-21	2.9000 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Feb-21	2.9500 USD
Common	Put Option	Sell Transaction	2	50.0000 USD	American	2025-Sep-19	3.0000 USD
Common	Put Option	Sell Transaction	2	52.5000 USD	American	2025-Jun-20	3.0100 USD
Common	Put Option	Sell Transaction	2	47.5000 USD	American	2026-Jan-16	3.2000 USD
Common	Put Option	Sell Transaction	5	55.0000 USD	American	2025-Apr-17	3.2000 USD
Common	Put Option	Sell Transaction	2	50.0000 USD	American	2026-Jan-16	4.1000 USD
Common	Put Option	Sell Transaction	4	57.5000 USD	American	2025-Feb-21	4.1000 USD
Common	Call Option	Sell Transaction	4	60.0000 USD	American	2026-Jan-16	4.2000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2025-Jun-20	4.3900 USD
Common	Put Option	Sell Transaction	1	52.5000 USD	American	2026-Jan-16	5.1000 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Sep-19	5.2000 USD
Common	Call Option	Sell Transaction	10	57.5000 USD	American	2026-Jan-16	5.6500 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Sep-19	5.7000 USD
Common	Call Option	Sell Transaction	3	55.0000 USD	American	2026-Jan-16	6.3000 USD
Common	Call Option	Sell Transaction	1	45.0000 USD	American	2025-Jan-17	10.7000 USD
Common	Call Option	Sell Transaction	5	45.0000 USD	American	2025-Jan-17	10.8000 USD
Common	Call Option	Sell Transaction	4	42.5000 USD	American	2025-Apr-17	12.5500 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	Exercising	18	60.0000 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:	19 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	Put Option	Purchased	-4,500	45.0 USD	American	20/06/2025
Common	Call Option	Purchased	2,300	40.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,500	52.5 USD	American	17/04/2025
Common	Put Option	Purchased	-200	57.0 USD	American	27/12/2024
Common	Put Option	Purchased	-10,500	45.0 USD	American	17/10/2025
Common	Call Option	Purchased	22,200	52.5 USD	American	17/10/2025
Common	Put Option	Purchased	-24,000	22.5 USD	American	17/01/2025
Common	Put Option	Purchased	-200	50.0 USD	American	27/12/2024
Common	Call Option	Purchased	51,700	40.0 USD	American	17/01/2025
Common	Put Option	Purchased	-4,500	45.0 USD	American	17/04/2025
Common	Put Option	Purchased	0	57.0 USD	American	24/01/2025
Common	Call Option	Purchased	1,200	64.0 USD	American	20/12/2024
Common	Put Option	Purchased	-400	42.5 USD	American	17/04/2025
Common	Put Option	Purchased	0	59.0 USD	American	27/12/2024
Common	Put Option	Purchased	-200	40.0 USD	American	20/06/2025
Common	Put Option	Purchased	-8,700	40.0 USD	American	16/01/2026
Common	Call Option	Purchased	81,500	54.9 USD	European	13/10/2025
Common	Put Option	Purchased	-5,000	51.0 USD	American	03/01/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	15/10/2025
Common	Call Option	Purchased	3,000	56.0 USD	American	20/12/2024
Common	Call Option	Purchased	1,000	80.0 USD	American	16/01/2026
Common	Put Option	Purchased	-20,000	55.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,500	60.0 USD	American	18/07/2025
Common	Call Option	Purchased	100	32.5 USD	American	17/01/2025
Common	Call Option	Purchased	5,600	55.0 USD	American	20/06/2025
Common	Call Option	Purchased	100	67.5 USD	American	17/04/2025
Common	Put Option	Purchased	-11,600	55.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,700	57.5 USD	American	17/10/2025
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	-1,100	52.0 USD	American	27/12/2024
Common	Call Option	Purchased	2,400	65.0 USD	American	17/01/2025
Common	Call Option	Purchased	400	59.0 USD	American	27/12/2024
Common	Call Option	Purchased	200	50.0 USD	American	19/09/2025
Common	Call Option	Purchased	0	56.0 USD	American	03/01/2025
Common	Put Option	Purchased	-100	45.0 USD	American	21/02/2025
Common	Put Option	Purchased	-28,000	58.0 USD	American	27/12/2024
Common	Put Option	Purchased	-4,000	32.5 USD	American	16/01/2026
Common	Put Option	Purchased	-3,600	50.0 USD	American	19/09/2025
Common	Put Option	Purchased	-1,600	42.5 USD	American	20/06/2025
Common	Put Option	Purchased	-100	52.5 USD	American	17/10/2025
Common	Put Option	Purchased	-4,900	55.0 USD	American	24/01/2025
Common	Call Option	Purchased	100	37.5 USD	American	20/06/2025
Common	Call Option	Purchased	300	59.0 USD	American	10/01/2025
Common	Put Option	Purchased	-900	57.5 USD	American	20/12/2024
Common	Call Option	Purchased	81,500	54.9 USD	European	15/10/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	14/10/2025
Common	Call Option	Purchased	3,600	63.0 USD	American	20/12/2024
Common	Call Option	Purchased	30,900	55.0 USD	American	17/10/2025
Common	Call Option	Purchased	900	52.5 USD	American	15/01/2027
Common	Put Option	Purchased	-600	57.0 USD	American	20/12/2024
Common	Put Option	Purchased	-12,100	37.5 USD	American	17/01/2025
Common	Put Option	Purchased	-23,100	52.5 USD	American	19/09/2025
Common	Call Option	Purchased	11,800	55.0 USD	American	16/01/2026
Common	Put Option	Purchased	-9,100	57.5 USD	American	17/01/2025
Common	Put Option	Purchased	-500	37.5 USD	American	19/09/2025
Common	Call Option	Purchased	400	55.0 USD	American	15/01/2027
Common	Call Option	Purchased	300	42.5 USD	American	20/06/2025
Common	Put Option	Purchased	-2,600	45.0 USD	American	19/09/2025
Common	Call Option	Purchased	59,800	52.5 USD	American	17/01/2025
Common	Put Option	Purchased	-2,300	47.5 USD	American	20/12/2024
Common	Call Option	Purchased	100	62.0 USD	American	03/01/2025
Common	Call Option	Purchased	0	54.0 USD	American	27/12/2024
Common	Call Option	Purchased	21,600	62.5 USD	American	17/01/2025
Common	Call Option	Purchased	3,600	70.0 USD	American	20/06/2025
Common	Call Option	Purchased	100	35.0 USD	American	17/01/2025
Common	Put Option	Purchased	-100	47.5 USD	American	17/10/2025
Common	Call Option	Purchased	1,000	52.0 USD	American	20/12/2024
Common	Put Option	Purchased	-1,200	15.0 USD	American	17/01/2025
Common	Call Option	Purchased	0	45.0 USD	American	17/10/2025
Common	Put Option	Purchased	-100	35.0 USD	American	16/01/2026
Common	Call Option	Purchased	70,400	50.0 USD	American	17/01/2025
Common	Call Option	Purchased	300	45.0 USD	American	17/04/2025
Common	Call Option	Purchased	800	57.0 USD	American	10/01/2025
Common	Call Option	Purchased	100	40.0 USD	American	20/06/2025
Common	Put Option	Purchased	-3,700	56.0 USD	American	20/12/2024
Common	Call Option	Purchased	12,500	57.5 USD	American	17/04/2025
Common	Call Option	Purchased	5,200	60.0 USD	American	17/10/2025
Common	Call Option	Purchased	3,100	30.0 USD	American	16/01/2026
Common	Call Option	Purchased	300	47.5 USD	American	17/01/2025
Common	Put Option	Purchased	0	47.5 USD	American	15/01/2027
Common	Put Option	Purchased	-300	42.5 USD	American	20/12/2024
Common	Put Option	Purchased	-700	40.0 USD	American	17/04/2025
Common	Call Option	Purchased	10,000	60.0 USD	American	17/04/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	13/10/2025
Common	Put Option	Purchased	-3,200	22.5 USD	American	17/01/2025
Common	Call Option	Purchased	2,400	50.0 USD	American	15/01/2027
Common	Call Option	Purchased	5,100	67.5 USD	American	16/01/2026
Common	Call Option	Purchased	600	32.5 USD	American	15/01/2027
Common	Call Option	Purchased	100	35.0 USD	American	15/01/2027
Common	Put Option	Purchased	-11,500	52.5 USD	American	20/12/2024
Common	Call Option	Purchased	500	40.0 USD	American	17/04/2025
Common	Call Option	Purchased	300	60.0 USD	American	03/01/2025
Common	Put Option	Purchased	-7,400	58.0 USD	American	20/12/2024
Common	Call Option	Purchased	100	56.0 USD	American	31/01/2025
Common	Call Option	Purchased	500	62.5 USD	American	20/06/2025
Common	Call Option	Purchased	500	62.0 USD	American	10/01/2025
Common	Call Option	Purchased	100	62.0 USD	American	20/12/2024
Common	Call Option	Purchased	12,600	57.0 USD	American	20/12/2024
Common	Put Option	Purchased	-100	37.5 USD	American	17/01/2025
Common	Put Option	Purchased	-2,800	20.0 USD	American	17/01/2025
Common	Put Option	Purchased	-20,600	56.0 USD	American	24/01/2025
Common	Put Option	Purchased	-700	52.5 USD	American	16/01/2026
Common	Put Option	Purchased	-12,000	25.0 USD	American	17/01/2025
Common	Call Option	Purchased	1,700	32.5 USD	American	16/01/2026
Common	Call Option	Purchased	9,000	65.0 USD	American	17/04/2025
Common	Call Option	Purchased	200	62.5 USD	American	21/02/2025
Common	Call Option	Purchased	100	61.0 USD	American	24/01/2025
Common	Call Option	Purchased	6,700	35.0 USD	American	16/01/2026
Common	Call Option	Purchased	3,000	51.0 USD	American	27/12/2024
Common	Call Option	Purchased	100	55.0 USD	American	03/01/2025
Common	Call Option	Purchased	6,100	57.5 USD	American	20/12/2024
Common	Call Option	Purchased	200	70.0 USD	American	17/01/2025
Common	Call Option	Purchased	500	53.0 USD	American	27/12/2024
Common	Put Option	Purchased	-42,400	55.0 USD	American	27/12/2024
Common	Put Option	Purchased	-500	37.5 USD	American	20/06/2025
Common	Call Option	Purchased	17,800	57.5 USD	American	19/09/2025
Common	Call Option	Purchased	5,900	37.5 USD	American	16/01/2026
Common	Call Option	Purchased	300	55.0 USD	American	18/07/2025
Common	Call Option	Purchased	100	62.0 USD	American	27/12/2024
Common	Call Option	Purchased	300	70.0 USD	American	15/01/2027
Common	Call Option	Purchased	400	50.0 USD	American	20/12/2024
Common	Put Option	Purchased	-7,100	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	400	58.0 USD	American	24/01/2025
Common	Call Option	Purchased	400	60.0 USD	American	17/01/2025
Common	Put Option	Purchased	-100	27.5 USD	American	17/01/2025
Common	Call Option	Purchased	500	60.0 USD	American	10/01/2025
Common	Put Option	Purchased	-50,000	52.5 USD	American	16/01/2026
Common	Put Option	Purchased	-8,300	42.5 USD	American	17/01/2025
Common	Call Option	Purchased	13,600	55.0 USD	American	17/01/2025
Common	Put Option	Purchased	-6,300	17.5 USD	American	17/01/2025
Common	Call Option	Purchased	24,900	65.0 USD	American	20/12/2024
Common	Call Option	Purchased	600	30.0 USD	American	15/01/2027
Common	Call Option	Purchased	2,000	61.0 USD	American	10/01/2025
Common	Call Option	Purchased	700	52.5 USD	American	16/01/2026
Common	Put Option	Purchased	-500	20.0 USD	American	16/01/2026
Common	Put Option	Purchased	-12,500	50.0 USD	American	16/01/2026
Common	Put Option	Purchased	-200	25.0 USD	American	17/01/2025
Common	Call Option	Purchased	29,100	52.5 USD	American	20/12/2024
Common	Put Option	Purchased	-700	42.5 USD	American	21/02/2025
Common	Call Option	Purchased	800	40.0 USD	American	15/01/2027
Common	Call Option	Purchased	38,500	42.5 USD	American	17/01/2025
Common	Call Option	Purchased	28,900	52.5 USD	American	19/09/2025
Common	Put Option	Purchased	-300	42.5 USD	American	19/09/2025
Common	Put Option	Purchased	-100	32.5 USD	American	17/01/2025
Common	Put Option	Purchased	-300	59.0 USD	American	20/12/2024
Common	Call Option	Purchased	1,700	57.5 USD	American	20/06/2025
Common	Put Option	Purchased	-500	35.0 USD	American	18/07/2025
Common	Put Option	Purchased	-3,200	55.0 USD	American	17/01/2025
Common	Put Option	Purchased	-2,400	60.0 USD	American	17/01/2025
Common	Call Option	Purchased	2,500	55.0 USD	American	19/09/2025
Common	Call Option	Purchased	2,500	65.0 USD	American	20/06/2025
Common	Put Option	Purchased	-5,400	17.5 USD	American	16/01/2026
Common	Call Option	Purchased	40,800	52.5 USD	American	20/06/2025
Common	Call Option	Purchased	2,400	55.0 USD	American	21/02/2025
Common	Call Option	Purchased	3,000	60.0 USD	American	24/01/2025
Common	Call Option	Purchased	20,400	27.5 USD	American	16/01/2026
Common	Call Option	Purchased	59,400	55.0 USD	American	17/04/2025
Common	Call Option	Purchased	7,200	62.5 USD	American	17/10/2025
Common	Put Option	Purchased	-6,500	27.5 USD	American	17/01/2025
Common	Call Option	Purchased	100	65.0 USD	American	18/07/2025
Common	Put Option	Purchased	0	54.0 USD	American	20/12/2024
Common	Call Option	Purchased	500	58.0 USD	American	03/01/2025
Common	Call Option	Purchased	700	65.0 USD	American	19/09/2025
Common	Put Option	Purchased	-1,000	35.0 USD	American	17/10/2025
Common	Call Option	Purchased	200	30.0 USD	American	19/09/2025
Common	Call Option	Purchased	500	67.5 USD	American	17/01/2025
Common	Call Option	Purchased	13,500	50.0 USD	American	20/06/2025
Common	Call Option	Purchased	700	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	203,500	45.0 USD	American	17/01/2025
Common	Call Option	Purchased	1,000	54.0 USD	American	31/01/2025
Common	Call Option	Purchased	2,600	60.0 USD	American	20/06/2025
Common	Call Option	Purchased	1,900	50.0 USD	American	17/01/2025
Common	Call Option	Purchased	81,500	54.9 USD	European	14/10/2025
Common	Call Option	Purchased	1,700	61.0 USD	American	20/12/2024
Common	Put Option	Sold	300	47.5 USD	American	16/01/2026
Common	Call Option	Sold	-7,900	70.0 USD	American	16/01/2026
Common	Call Option	Sold	-1,000	57.5 USD	American	16/01/2026
Common	Put Option	Sold	700	57.5 USD	American	21/02/2025
Common	Put Option	Sold	100	57.5 USD	American	20/06/2025
Common	Call Option	Sold	-100	54.0 USD	American	24/01/2025
Common	Call Option	Sold	-38,800	59.0 USD	American	20/12/2024
Common	Put Option	Sold	400	55.0 USD	American	10/01/2025
Common	Put Option	Sold	4,800	25.0 USD	American	16/01/2026
Common	Put Option	Sold	200	50.0 USD	American	17/04/2025
Common	Put Option	Sold	5,100	57.5 USD	American	16/01/2026
Common	Put Option	Sold	1,300	55.0 USD	American	03/01/2025
Common	Call Option	Sold	-3,500	62.5 USD	American	16/01/2026
Common	Call Option	Sold	-500	65.0 USD	American	16/01/2026
Common	Call Option	Sold	-3,400	60.0 USD	American	16/01/2026
Common	Call Option	Sold	-400	57.5 USD	American	18/07/2025
Common	Put Option	Sold	1,800	55.0 USD	American	21/02/2025
Common	Call Option	Sold	-100	75.0 USD	American	20/06/2025
Common	Put Option	Sold	500	35.0 USD	American	15/01/2027
Common	Put Option	Sold	1,100	50.0 USD	American	17/10/2025
Common	Put Option	Sold	1,600	53.0 USD	American	27/12/2024
Common	Put Option	Sold	40,000	45.0 USD	American	17/01/2025
Common	Put Option	Sold	48,600	47.5 USD	American	17/01/2025
Common	Call Option	Sold	-2,400	42.5 USD	American	16/01/2026
Common	Put Option	Sold	100	50.0 USD	American	21/02/2025
Common	Call Option	Sold	-3,700	55.0 USD	American	10/01/2025
Common	Call Option	Sold	-37,000	55.0 USD	American	20/12/2024
Common	Call Option	Sold	-600	58.0 USD	American	27/12/2024
Common	Call Option	Sold	-200	30.0 USD	American	17/01/2025
Common	Call Option	Sold	-200	56.0 USD	American	10/01/2025
Common	Put Option	Sold	100	62.5 USD	American	16/01/2026
Common	Put Option	Sold	100	59.0 USD	American	03/01/2025
Common	Put Option	Sold	700	54.0 USD	American	10/01/2025
Common	Call Option	Sold	-5,800	57.0 USD	American	27/12/2024
Common	Call Option	Sold	-200	50.0 USD	American	17/10/2025
Common	Put Option	Sold	27,400	55.0 USD	American	20/12/2024
Common	Put Option	Sold	2,000	53.0 USD	American	03/01/2025
Common	Call Option	Sold	-4,200	42.5 USD	American	19/09/2025
Common	Call Option	Sold	-8,800	45.0 USD	American	20/06/2025
Common	Put Option	Sold	100	37.5 USD	American	17/04/2025
Common	Call Option	Sold	-112,600	60.0 USD	American	17/01/2025
Common	Put Option	Sold	1,800	56.0 USD	American	03/01/2025
Common	Call Option	Sold	-491,400	47.5 USD	American	17/01/2025
Common	Put Option	Sold	21,000	57.5 USD	American	17/04/2025
Common	Call Option	Sold	-1,500	60.0 USD	American	21/02/2025
Common	Put Option	Sold	2,200	52.0 USD	American	03/01/2025
Common	Put Option	Sold	3,600	45.0 USD	American	20/12/2024
Common	Put Option	Sold	4,200	37.5 USD	American	16/01/2026
Common	Put Option	Sold	12,800	45.0 USD	American	16/01/2026
Common	Call Option	Sold	-5,700	56.0 USD	American	27/12/2024
Common	Put Option	Sold	16,400	50.0 USD	American	17/01/2025
Common	Put Option	Sold	21,800	55.0 USD	American	17/04/2025
Common	Call Option	Sold	-5,000	37.5 USD	American	17/01/2025
Common	Put Option	Sold	9,900	47.5 USD	American	17/04/2025
Common	Call Option	Sold	-1,600	65.0 USD	American	17/10/2025
Common	Put Option	Sold	29,100	35.0 USD	American	17/01/2025
Common	Put Option	Sold	500	52.5 USD	American	17/01/2025
Common	Put Option	Sold	200	55.0 USD	American	19/09/2025
Common	Call Option	Sold	-800	60.0 USD	American	19/09/2025
Common	Put Option	Sold	20,000	52.5 USD	American	17/04/2025
Common	Put Option	Sold	100	60.0 USD	American	16/01/2026
Common	Call Option	Sold	-400	42.5 USD	American	17/04/2025
Common	Call Option	Sold	-32,300	57.5 USD	American	17/01/2025
Common	Put Option	Sold	3,000	62.5 USD	American	17/04/2025
Common	Call Option	Sold	-1,600	45.0 USD	American	20/12/2024
Common	Call Option	Sold	-2,500	47.5 USD	American	19/09/2025
Common	Call Option	Sold	-29,100	58.0 USD	American	10/01/2025
Common	Put Option	Sold	1,200	56.0 USD	American	27/12/2024
Common	Put Option	Sold	3,000	30.0 USD	American	16/01/2026
Common	Call Option	Sold	-10,200	47.5 USD	American	17/04/2025
Common	Put Option	Sold	153,900	40.0 USD	American	17/01/2025
Common	Put Option	Sold	100	27.5 USD	American	16/01/2026
Common	Call Option	Sold	-700	57.5 USD	American	21/02/2025
Common	Put Option	Sold	4,500	54.0 USD	American	27/12/2024
Common	Call Option	Sold	-30,500	55.0 USD	American	17/01/2025
Common	Put Option	Sold	100	50.0 USD	American	20/12/2024
Common	Call Option	Sold	-100	52.5 USD	American	21/02/2025
Common	Call Option	Sold	-200	20.0 USD	American	17/01/2025
Common	Call Option	Sold	-800	47.5 USD	American	20/06/2025
Common	Call Option	Sold	-10,100	50.0 USD	American	17/04/2025
Common	Put Option	Sold	65,800	30.0 USD	American	17/01/2025
Common	Put Option	Sold	100	51.0 USD	American	10/01/2025
Common	Put Option	Sold	600	60.0 USD	American	17/04/2025
Common	Call Option	Sold	-3,600	55.0 USD	American	27/12/2024
Common	Put Option	Sold	200	65.0 USD	American	20/06/2025
Common	Call Option	Sold	-96,200	60.0 USD	American	20/12/2024
Common	Put Option	Sold	6,100	60.0 USD	American	20/06/2025
Common	Call Option	Sold	-200	57.0 USD	American	03/01/2025
Common	Call Option	Sold	-1,500	58.0 USD	American	20/12/2024
Common	Call Option	Sold	-200	59.0 USD	American	03/01/2025
Common	Put Option	Sold	3,000	62.5 USD	American	20/06/2025
Common	Call Option	Sold	-400	56.0 USD	American	24/01/2025
Common	Call Option	Sold	-2,200	47.5 USD	American	16/01/2026
Common	Put Option	Sold	500	47.5 USD	American	19/09/2025
Common	Put Option	Sold	1,200	57.0 USD	American	03/01/2025
Common	Put Option	Sold	2,400	52.0 USD	American	10/01/2025
Common	Call Option	Sold	-1,000	85.0 USD	American	16/01/2026
Common	Call Option	Sold	-2,300	62.5 USD	American	20/12/2024
Common	Put Option	Sold	200	57.5 USD	American	18/07/2025
Common	Call Option	Sold	-700	60.0 USD	American	27/12/2024
Common	Put Option	Sold	300	55.0 USD	American	18/07/2025
Common	Call Option	Sold	-400	37.5 USD	American	19/09/2025
Common	Call Option	Sold	-19,200	54.0 USD	American	20/12/2024
Common	Call Option	Sold	-6,000	62.5 USD	American	17/04/2025
Common	Call Option	Sold	-2,600	45.0 USD	American	16/01/2026
Common	Put Option	Sold	16,200	32.5 USD	American	17/01/2025
Common	Put Option	Sold	100	35.0 USD	American	20/12/2024
Common	Put Option	Sold	2,700	42.5 USD	American	16/01/2026
Common	Put Option	Sold	1,800	52.5 USD	American	21/02/2025
Common	Put Option	Sold	1,600	53.0 USD	American	10/01/2025
Common	Put Option	Sold	300	52.5 USD	American	20/06/2025
Common	Call Option	Sold	-100	51.0 USD	American	24/01/2025
Common	Put Option	Sold	300	47.5 USD	American	20/06/2025
Common	Call Option	Sold	-2,000	42.5 USD	American	17/10/2025
Common	Put Option	Sold	6,800	55.0 USD	American	20/06/2025

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