Form 8.3 - IP UN

Syquant Capital

17 September 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) Identity of the person whose positions/dealings are being disclosed:	SYQUANT CAPITAL
(b) Owner or controller of interests and short positions disclosed, if different from 1(a):      The naming of nominee or vehicle companies is insufficient
(c) Name of offeror/offeree in relation to whose relevant securities this form relates:      Use a separate form for each offeror/offeree	International Paper
(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken:	September 16, 2024
(f)  Has the discloser previously disclosed, or are they today disclosing, under the Code in respect of any other party to this offer?	YES-DS Smith PLC Common Stock

2.         POSITIONS OF THE PERSON MAKING THE DISCLOSURE

(a)        Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:	ordinary
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:
(2) Derivatives (other than options):			2,205,627	0.63%
(3) Options and agreements to purchase/sell:
TOTAL:			2,205,627	0.63%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, 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 executive options)

Class of relevant security in relation to which subscription right exists:
Details, including nature of the rights concerned and relevant percentages:

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.

3.         DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

(a)        Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit

(b)        Derivatives transactions (other than options)

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
ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary ordinary	CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD CFD	reducing a short position reducing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position increasing a short position	2,693 1 2,393 1,100 1,734 30 270 8,021 28 3 387 867 1,385 7,572 195 2,392 1,185 360 2,510 394 30 5,457 900 1,200 1,570 100 1,585 940 300 2,634 233 100 2,586 2,311 1,101 276 492 784 10 3,485 760 1,340 188 39 1,306 2,020 600 1,277 500 123 300 100 100 100 200 200 300 1,100 500 100 100 700 200 200 100 100 700 100 822 400 200 100 100 300 200 100 400 100 500 400 600 100 100 100 100 400 118 400 200 200 500 5,900 460 200 100 600 200 300 100 300 200	48.98 GBp 49.13 GBp 49.13 GBp 49.155 GBp 49.15 GBp 49.1325 GBp 49.14 GBp 48.98 GBp 48.95 GBp 48.92 GBp 48.91 GBp 48.9 GBp 48.97 GBp 49 GBp 49.005 GBp 48.99 GBp 48.96 GBp 48.9725 GBp 48.9825 GBp 48.985 GBp 48.995 GBp 49.01 GBp 49.0025 GBp 49.0425 GBp 49.04 GBp 49.045 GBp 49.035 GBp 49.03 GBp 49.0325 GBp 49.11 GBp 49.12 GBp 49.115 GBp 49.09 GBp 49.08 GBp 49.1 GBp 49.16 GBp 49.18 GBp 49.19 GBp 49.185 GBp 49.2 GBp 49.23 GBp 49.22 GBp 49.21 GBp 49.205 GBp 49.25 GBp 49.24 GBp 49.26 GBp 49.28 GBp 49.27 GBp 49.29 GBp 49.48 GBp 49.495 GBp 49.49 GBp 50.08 GBp 50.06 GBp 49.93 GBp 49.86 GBp 49.92 GBp 50 GBp 49.955 GBp 50.025 GBp 49.95 GBp 50.05 GBp 50.02 GBp 50.04 GBp 50.03 GBp 49.88 GBp 49.895 GBp 49.79 GBp 49.73 GBp 49.7 GBp 49.755 GBp 49.78 GBp 49.76 GBp 49.71 GBp 49.7131 GBp 49.69 GBp 49.717 GBp 49.75 GBp 49.67 GBp 49.66 GBp 49.68 GBp 49.65 GBp 49.6747 GBp 49.72 GBp 49.8 GBp 49.82 GBp 49.81 GBp 49.74 GBp 49.77 GBp 49.84 GBp 49.83 GBp 49.89 GBp 49.87 GBp 49.8639 GBp 49.9 GBp 49.97 GBp 49.98 GBp 49.96 GBp 49.91 GBp 49.795 GBp

(c)        Options transactions in respect of existing securities

(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

(ii)        Exercising

Class of relevant security	Product description e.g. call option	Number of securities	Exercise price per unit

(d)        Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

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.

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: If there are no such agreements, arrangements or understandings, state "none"

N/A

(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"

N/A

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

NO

Date of disclosure:	September 17, 2024
Contact name:	Laurent Boscherel
Telephone number:	[phone]

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at [e-mail].  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on [phone].

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

 

END