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:

+33 1 42 56 56 27

 

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 monitoring@disclosure.org.uk.  The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

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

 

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END
 
 

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