Form 8.3 - International Paper Company

Citadel Group

12 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	11 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:	12,077	0.00	2,595,322	0.74
(2) Cash-settled derivatives:	0	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	1,724,600	0.49	1,459,800	0.42
TOTAL:	1,736,677	0.49	4,055,122	1.16

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	68	54.0000 USD
Common	Buy Transaction	42	54.1195 USD
Common	Buy Transaction	100	54.1700 USD
Common	Buy Transaction	434	54.1777 USD
Common	Buy Transaction	11	54.2100 USD
Common	Buy Transaction	85	54.2267 USD
Common	Buy Transaction	32	54.2300 USD
Common	Buy Transaction	1,500	54.2400 USD
Common	Buy Transaction	62	54.2500 USD
Common	Buy Transaction	7	54.2543 USD
Common	Buy Transaction	100	54.2625 USD
Common	Buy Transaction	200	54.2650 USD
Common	Buy Transaction	120	54.2900 USD
Common	Buy Transaction	439	54.3000 USD
Common	Buy Transaction	110	54.3100 USD
Common	Buy Transaction	56	54.3113 USD
Common	Buy Transaction	200	54.3300 USD
Common	Buy Transaction	254	54.3358 USD
Common	Buy Transaction	105	54.3493 USD
Common	Buy Transaction	283	54.3500 USD
Common	Buy Transaction	177	54.3521 USD
Common	Buy Transaction	1,658	54.3540 USD
Common	Buy Transaction	42	54.3600 USD
Common	Buy Transaction	12	54.3633 USD
Common	Buy Transaction	61	54.3680 USD
Common	Buy Transaction	38	54.3700 USD
Common	Buy Transaction	586	54.3720 USD
Common	Buy Transaction	12	54.3725 USD
Common	Buy Transaction	332	54.3726 USD
Common	Buy Transaction	133	54.3765 USD
Common	Buy Transaction	75	54.3800 USD
Common	Buy Transaction	7,524	54.3806 USD
Common	Buy Transaction	383	54.3824 USD
Common	Buy Transaction	800	54.3833 USD
Common	Buy Transaction	4,119	54.3834 USD
Common	Buy Transaction	568	54.3849 USD
Common	Buy Transaction	3	54.3900 USD
Common	Buy Transaction	995	54.3955 USD
Common	Buy Transaction	2,500	54.4000 USD
Common	Buy Transaction	27	54.4022 USD
Common	Buy Transaction	12	54.4075 USD
Common	Buy Transaction	1,065	54.4089 USD
Common	Buy Transaction	9	54.4100 USD
Common	Buy Transaction	4	54.4150 USD
Common	Buy Transaction	5,206	54.4221 USD
Common	Buy Transaction	1,000	54.4260 USD
Common	Buy Transaction	1,462	54.4264 USD
Common	Buy Transaction	1,972	54.4308 USD
Common	Buy Transaction	38	54.4326 USD
Common	Buy Transaction	520	54.4350 USD
Common	Buy Transaction	1,925	54.4353 USD
Common	Buy Transaction	431	54.4368 USD
Common	Buy Transaction	3	54.4400 USD
Common	Buy Transaction	3	54.4433 USD
Common	Buy Transaction	4,099	54.4454 USD
Common	Buy Transaction	7,155	54.4495 USD
Common	Buy Transaction	26	54.4500 USD
Common	Buy Transaction	235	54.4520 USD
Common	Buy Transaction	310	54.4549 USD
Common	Buy Transaction	700	54.4579 USD
Common	Buy Transaction	21	54.4600 USD
Common	Buy Transaction	6,014	54.4625 USD
Common	Buy Transaction	629	54.4648 USD
Common	Buy Transaction	12,279	54.4675 USD
Common	Buy Transaction	3,503	54.4684 USD
Common	Buy Transaction	929	54.4688 USD
Common	Buy Transaction	5	54.4700 USD
Common	Buy Transaction	900	54.4706 USD
Common	Buy Transaction	4,331	54.4709 USD
Common	Buy Transaction	501	54.4711 USD
Common	Buy Transaction	1,588	54.4744 USD
Common	Buy Transaction	816	54.4747 USD
Common	Buy Transaction	44	54.4777 USD
Common	Buy Transaction	894	54.4800 USD
Common	Buy Transaction	416	54.4809 USD
Common	Buy Transaction	1,601	54.4833 USD
Common	Buy Transaction	19	54.4847 USD
Common	Buy Transaction	8	54.4850 USD
Common	Buy Transaction	8	54.4862 USD
Common	Buy Transaction	2,125	54.4900 USD
Common	Buy Transaction	3,182	54.4919 USD
Common	Buy Transaction	675	54.4926 USD
Common	Buy Transaction	600	54.4933 USD
Common	Buy Transaction	8,469	54.4947 USD
Common	Buy Transaction	130	54.4992 USD
Common	Buy Transaction	407	54.4996 USD
Common	Buy Transaction	1,032	54.4997 USD
Common	Buy Transaction	752	54.5000 USD
Common	Buy Transaction	985	54.5005 USD
Common	Buy Transaction	667	54.5025 USD
Common	Buy Transaction	43	54.5070 USD
Common	Buy Transaction	149	54.5072 USD
Common	Buy Transaction	1,592	54.5087 USD
Common	Buy Transaction	9	54.5089 USD
Common	Buy Transaction	500	54.5090 USD
Common	Buy Transaction	293	54.5097 USD
Common	Buy Transaction	203	54.5100 USD
Common	Buy Transaction	91	54.5103 USD
Common	Buy Transaction	1,510	54.5104 USD
Common	Buy Transaction	1,575	54.5112 USD
Common	Buy Transaction	298	54.5113 USD
Common	Buy Transaction	8,600	54.5130 USD
Common	Buy Transaction	5	54.5140 USD
Common	Buy Transaction	483	54.5149 USD
Common	Buy Transaction	100	54.5150 USD
Common	Buy Transaction	2,029	54.5158 USD
Common	Buy Transaction	805	54.5163 USD
Common	Buy Transaction	604	54.5181 USD
Common	Buy Transaction	34,939	54.5200 USD
Common	Buy Transaction	44	54.5207 USD
Common	Buy Transaction	1,887	54.5210 USD
Common	Buy Transaction	637	54.5225 USD
Common	Buy Transaction	274	54.5237 USD
Common	Buy Transaction	884	54.5271 USD
Common	Buy Transaction	8,198	54.5283 USD
Common	Buy Transaction	57	54.5291 USD
Common	Buy Transaction	273	54.5300 USD
Common	Buy Transaction	145	54.5305 USD
Common	Buy Transaction	1,339	54.5307 USD
Common	Buy Transaction	6	54.5333 USD
Common	Buy Transaction	100	54.5350 USD
Common	Buy Transaction	8	54.5363 USD
Common	Buy Transaction	105	54.5395 USD
Common	Buy Transaction	502	54.5400 USD
Common	Buy Transaction	2,427	54.5431 USD
Common	Buy Transaction	342	54.5446 USD
Common	Buy Transaction	261	54.5450 USD
Common	Buy Transaction	26	54.5458 USD
Common	Buy Transaction	2,226	54.5468 USD
Common	Buy Transaction	19	54.5495 USD
Common	Buy Transaction	1,307	54.5496 USD
Common	Buy Transaction	500	54.5500 USD
Common	Buy Transaction	1,598	54.5503 USD
Common	Buy Transaction	5,989	54.5528 USD
Common	Buy Transaction	1,223	54.5550 USD
Common	Buy Transaction	2,634	54.5554 USD
Common	Buy Transaction	562	54.5573 USD
Common	Buy Transaction	708	54.5581 USD
Common	Buy Transaction	3,633	54.5600 USD
Common	Buy Transaction	613	54.5628 USD
Common	Buy Transaction	507	54.5641 USD
Common	Buy Transaction	73	54.5642 USD
Common	Buy Transaction	68	54.5643 USD
Common	Buy Transaction	85	54.5668 USD
Common	Buy Transaction	3,234	54.5695 USD
Common	Buy Transaction	594	54.5696 USD
Common	Buy Transaction	1,276	54.5700 USD
Common	Buy Transaction	967	54.5728 USD
Common	Buy Transaction	759	54.5728 USD
Common	Buy Transaction	1,366	54.5730 USD
Common	Buy Transaction	60	54.5743 USD
Common	Buy Transaction	1,626	54.5758 USD
Common	Buy Transaction	1,390	54.5797 USD
Common	Buy Transaction	817	54.5800 USD
Common	Buy Transaction	52	54.5900 USD
Common	Buy Transaction	13	54.5908 USD
Common	Buy Transaction	1,300	54.5931 USD
Common	Buy Transaction	6	54.6017 USD
Common	Buy Transaction	80	54.6100 USD
Common	Buy Transaction	6	54.6110 USD
Common	Buy Transaction	4,194	54.6126 USD
Common	Buy Transaction	2,007	54.6200 USD
Common	Buy Transaction	756	54.6242 USD
Common	Buy Transaction	243	54.6243 USD
Common	Buy Transaction	1	54.6261 USD
Common	Buy Transaction	60	54.6280 USD
Common	Buy Transaction	288	54.6300 USD
Common	Buy Transaction	42	54.6400 USD
Common	Buy Transaction	2,263	54.6492 USD
Common	Buy Transaction	100	54.6550 USD
Common	Buy Transaction	271	54.6631 USD
Common	Buy Transaction	150	54.6633 USD
Common	Buy Transaction	66	54.6677 USD
Common	Buy Transaction	126	54.6700 USD
Common	Buy Transaction	142	54.6744 USD
Common	Buy Transaction	3,138	54.6759 USD
Common	Buy Transaction	205	54.6775 USD
Common	Buy Transaction	978	54.6838 USD
Common	Buy Transaction	610	54.6891 USD
Common	Buy Transaction	100	54.6900 USD
Common	Buy Transaction	365	54.6944 USD
Common	Buy Transaction	11,393	54.7000 USD
Common	Buy Transaction	748	54.7100 USD
Common	Buy Transaction	201	54.7200 USD
Common	Buy Transaction	800	54.7206 USD
Common	Buy Transaction	109	54.7300 USD
Common	Buy Transaction	328	54.7400 USD
Common	Buy Transaction	21	54.7443 USD
Common	Buy Transaction	360	54.7500 USD
Common	Buy Transaction	100	54.7600 USD
Common	Buy Transaction	90	54.7700 USD
Common	Buy Transaction	174	54.7800 USD
Common	Buy Transaction	1	54.8000 USD
Common	Buy Transaction	50	54.8016 USD
Common	DVP Transaction	3	54.1867 USD
Common	DVP Transaction	5	54.2000 USD
Common	DVP Transaction	1	54.2500 USD
Common	DVP Transaction	120	54.2900 USD
Common	DVP Transaction	11	54.3100 USD
Common	DVP Transaction	4	54.3300 USD
Common	DVP Transaction	24	54.3400 USD
Common	DVP Transaction	16	54.3600 USD
Common	DVP Transaction	4	54.3650 USD
Common	DVP Transaction	88	54.3794 USD
Common	DVP Transaction	16	54.3800 USD
Common	DVP Transaction	12	54.4000 USD
Common	DVP Transaction	1	54.4100 USD
Common	DVP Transaction	248	54.4242 USD
Common	DVP Transaction	2	54.4300 USD
Common	DVP Transaction	102	54.4389 USD
Common	DVP Transaction	109	54.4428 USD
Common	DVP Transaction	1,110	54.4458 USD
Common	DVP Transaction	647	54.4500 USD
Common	DVP Transaction	2	54.4500 USD
Common	DVP Transaction	235	54.4600 USD
Common	DVP Transaction	3	54.4633 USD
Common	DVP Transaction	57	54.4700 USD
Common	DVP Transaction	92	54.4746 USD
Common	DVP Transaction	354	54.4754 USD
Common	DVP Transaction	52	54.4783 USD
Common	DVP Transaction	4	54.4800 USD
Common	DVP Transaction	1,145	54.4819 USD
Common	DVP Transaction	9	54.4900 USD
Common	DVP Transaction	7,705	54.5200 USD
Common	DVP Transaction	23	54.5300 USD
Common	DVP Transaction	16	54.5431 USD
Common	DVP Transaction	620	54.5440 USD
Common	DVP Transaction	158	54.5491 USD
Common	DVP Transaction	94	54.5500 USD
Common	DVP Transaction	6	54.5600 USD
Common	DVP Transaction	4	54.5625 USD
Common	DVP Transaction	104	54.5702 USD
Common	DVP Transaction	252	54.5785 USD
Common	DVP Transaction	3	54.5900 USD
Common	DVP Transaction	206	54.5931 USD
Common	DVP Transaction	14	54.6571 USD
Common	RVP Transaction	120	54.2900 USD
Common	RVP Transaction	2	54.3250 USD
Common	RVP Transaction	1	54.3500 USD
Common	RVP Transaction	11	54.3591 USD
Common	RVP Transaction	284	54.3686 USD
Common	RVP Transaction	1	54.3900 USD
Common	RVP Transaction	3	54.4000 USD
Common	RVP Transaction	27	54.4089 USD
Common	RVP Transaction	1	54.4100 USD
Common	RVP Transaction	306	54.4143 USD
Common	RVP Transaction	212	54.4238 USD
Common	RVP Transaction	154	54.4286 USD
Common	RVP Transaction	220	54.4486 USD
Common	RVP Transaction	509	54.4536 USD
Common	RVP Transaction	235	54.4600 USD
Common	RVP Transaction	534	54.4615 USD
Common	RVP Transaction	52	54.4777 USD
Common	RVP Transaction	4	54.4800 USD
Common	RVP Transaction	39	54.4903 USD
Common	RVP Transaction	5	54.5000 USD
Common	RVP Transaction	119	54.5090 USD
Common	RVP Transaction	2,648	54.5097 USD
Common	RVP Transaction	4	54.5100 USD
Common	RVP Transaction	7,558	54.5200 USD
Common	RVP Transaction	6	54.5250 USD
Common	RVP Transaction	197	54.5273 USD
Common	RVP Transaction	1	54.5400 USD
Common	RVP Transaction	177	54.5474 USD
Common	RVP Transaction	137	54.5500 USD
Common	RVP Transaction	9	54.5600 USD
Common	RVP Transaction	3	54.5700 USD
Common	RVP Transaction	3	54.5767 USD
Common	RVP Transaction	3	54.5800 USD
Common	RVP Transaction	14	54.5900 USD
Common	RVP Transaction	72	54.6208 USD
Common	RVP Transaction	10	54.7600 USD
Common	Sell Transaction	5	54.2100 USD
Common	Sell Transaction	8	54.2200 USD
Common	Sell Transaction	44	54.2300 USD
Common	Sell Transaction	101	54.2955 USD
Common	Sell Transaction	239	54.3000 USD
Common	Sell Transaction	705	54.3065 USD
Common	Sell Transaction	40	54.3092 USD
Common	Sell Transaction	1,058	54.3100 USD
Common	Sell Transaction	176	54.3101 USD
Common	Sell Transaction	1,746	54.3138 USD
Common	Sell Transaction	376	54.3156 USD
Common	Sell Transaction	1,108	54.3189 USD
Common	Sell Transaction	4,593	54.3200 USD
Common	Sell Transaction	236	54.3215 USD
Common	Sell Transaction	181	54.3221 USD
Common	Sell Transaction	742	54.3225 USD
Common	Sell Transaction	88	54.3225 USD
Common	Sell Transaction	164	54.3230 USD
Common	Sell Transaction	210	54.3238 USD
Common	Sell Transaction	42	54.3243 USD
Common	Sell Transaction	156	54.3251 USD
Common	Sell Transaction	39	54.3269 USD
Common	Sell Transaction	661	54.3277 USD
Common	Sell Transaction	387	54.3300 USD
Common	Sell Transaction	316	54.3305 USD
Common	Sell Transaction	400	54.3375 USD
Common	Sell Transaction	250	54.3395 USD
Common	Sell Transaction	732	54.3400 USD
Common	Sell Transaction	102	54.3402 USD
Common	Sell Transaction	987	54.3418 USD
Common	Sell Transaction	1,368	54.3445 USD
Common	Sell Transaction	470	54.3471 USD
Common	Sell Transaction	2,588	54.3478 USD
Common	Sell Transaction	23	54.3500 USD
Common	Sell Transaction	3	54.3567 USD
Common	Sell Transaction	129	54.3597 USD
Common	Sell Transaction	454	54.3600 USD
Common	Sell Transaction	519	54.3614 USD
Common	Sell Transaction	3,552	54.3624 USD
Common	Sell Transaction	272	54.3649 USD
Common	Sell Transaction	338	54.3686 USD
Common	Sell Transaction	58	54.3728 USD
Common	Sell Transaction	233	54.3743 USD
Common	Sell Transaction	2,890	54.3755 USD
Common	Sell Transaction	517	54.3759 USD
Common	Sell Transaction	368	54.3765 USD
Common	Sell Transaction	357	54.3790 USD
Common	Sell Transaction	357	54.3800 USD
Common	Sell Transaction	382	54.3807 USD
Common	Sell Transaction	35	54.3829 USD
Common	Sell Transaction	41	54.3834 USD
Common	Sell Transaction	1,456	54.3849 USD
Common	Sell Transaction	991	54.3856 USD
Common	Sell Transaction	491	54.3859 USD
Common	Sell Transaction	787	54.3865 USD
Common	Sell Transaction	173	54.3866 USD
Common	Sell Transaction	124	54.3866 USD
Common	Sell Transaction	134	54.3867 USD
Common	Sell Transaction	600	54.3875 USD
Common	Sell Transaction	958	54.3891 USD
Common	Sell Transaction	196	54.3900 USD
Common	Sell Transaction	406	54.3908 USD
Common	Sell Transaction	2,461	54.3912 USD
Common	Sell Transaction	565	54.3913 USD
Common	Sell Transaction	676	54.3947 USD
Common	Sell Transaction	300	54.3950 USD
Common	Sell Transaction	8	54.3963 USD
Common	Sell Transaction	300	54.3983 USD
Common	Sell Transaction	1,907	54.3983 USD
Common	Sell Transaction	249	54.3995 USD
Common	Sell Transaction	630	54.3998 USD
Common	Sell Transaction	280	54.3999 USD
Common	Sell Transaction	16	54.4000 USD
Common	Sell Transaction	279	54.4000 USD
Common	Sell Transaction	241	54.4004 USD
Common	Sell Transaction	346	54.4030 USD
Common	Sell Transaction	55	54.4038 USD
Common	Sell Transaction	199	54.4050 USD
Common	Sell Transaction	9	54.4067 USD
Common	Sell Transaction	12	54.4100 USD
Common	Sell Transaction	234	54.4111 USD
Common	Sell Transaction	618	54.4137 USD
Common	Sell Transaction	486	54.4158 USD
Common	Sell Transaction	65	54.4193 USD
Common	Sell Transaction	247	54.4197 USD
Common	Sell Transaction	305	54.4200 USD
Common	Sell Transaction	68	54.4201 USD
Common	Sell Transaction	221	54.4206 USD
Common	Sell Transaction	298	54.4206 USD
Common	Sell Transaction	825	54.4211 USD
Common	Sell Transaction	780	54.4221 USD
Common	Sell Transaction	5,207	54.4221 USD
Common	Sell Transaction	1,286	54.4270 USD
Common	Sell Transaction	771	54.4271 USD
Common	Sell Transaction	1,591	54.4289 USD
Common	Sell Transaction	58	54.4291 USD
Common	Sell Transaction	5	54.4300 USD
Common	Sell Transaction	88	54.4327 USD
Common	Sell Transaction	2,065	54.4333 USD
Common	Sell Transaction	3,345	54.4337 USD
Common	Sell Transaction	560	54.4341 USD
Common	Sell Transaction	229	54.4341 USD
Common	Sell Transaction	102	54.4342 USD
Common	Sell Transaction	89	54.4347 USD
Common	Sell Transaction	200	54.4350 USD
Common	Sell Transaction	445	54.4362 USD
Common	Sell Transaction	1,251	54.4392 USD
Common	Sell Transaction	215	54.4399 USD
Common	Sell Transaction	114	54.4400 USD
Common	Sell Transaction	69	54.4425 USD
Common	Sell Transaction	81	54.4425 USD
Common	Sell Transaction	186	54.4431 USD
Common	Sell Transaction	3,266	54.4433 USD
Common	Sell Transaction	2,917	54.4442 USD
Common	Sell Transaction	4,257	54.4443 USD
Common	Sell Transaction	71	54.4446 USD
Common	Sell Transaction	102	54.4447 USD
Common	Sell Transaction	681	54.4473 USD
Common	Sell Transaction	2,054	54.4493 USD
Common	Sell Transaction	19	54.4495 USD
Common	Sell Transaction	445	54.4499 USD
Common	Sell Transaction	952	54.4500 USD
Common	Sell Transaction	3	54.4500 USD
Common	Sell Transaction	54	54.4513 USD
Common	Sell Transaction	116	54.4514 USD
Common	Sell Transaction	976	54.4524 USD
Common	Sell Transaction	105	54.4524 USD
Common	Sell Transaction	301	54.4530 USD
Common	Sell Transaction	300	54.4533 USD
Common	Sell Transaction	5	54.4540 USD
Common	Sell Transaction	105	54.4570 USD
Common	Sell Transaction	231	54.4572 USD
Common	Sell Transaction	87	54.4572 USD
Common	Sell Transaction	90	54.4583 USD
Common	Sell Transaction	26	54.4592 USD
Common	Sell Transaction	231	54.4600 USD
Common	Sell Transaction	65	54.4615 USD
Common	Sell Transaction	4,800	54.4621 USD
Common	Sell Transaction	63	54.4627 USD
Common	Sell Transaction	309	54.4637 USD
Common	Sell Transaction	1,802	54.4650 USD
Common	Sell Transaction	1,216	54.4652 USD
Common	Sell Transaction	1,867	54.4696 USD
Common	Sell Transaction	371	54.4700 USD
Common	Sell Transaction	5,762	54.4727 USD
Common	Sell Transaction	62	54.4739 USD
Common	Sell Transaction	969	54.4763 USD
Common	Sell Transaction	10	54.4770 USD
Common	Sell Transaction	200	54.4775 USD
Common	Sell Transaction	693	54.4786 USD
Common	Sell Transaction	8,405	54.4791 USD
Common	Sell Transaction	250	54.4800 USD
Common	Sell Transaction	1,754	54.4808 USD
Common	Sell Transaction	25	54.4832 USD
Common	Sell Transaction	300	54.4833 USD
Common	Sell Transaction	452	54.4836 USD
Common	Sell Transaction	24	54.4842 USD
Common	Sell Transaction	430	54.4844 USD
Common	Sell Transaction	276	54.4844 USD
Common	Sell Transaction	400	54.4850 USD
Common	Sell Transaction	19,275	54.4865 USD
Common	Sell Transaction	400	54.4875 USD
Common	Sell Transaction	507	54.4899 USD
Common	Sell Transaction	2,310	54.4900 USD
Common	Sell Transaction	158	54.4909 USD
Common	Sell Transaction	500	54.4910 USD
Common	Sell Transaction	69	54.4943 USD
Common	Sell Transaction	31	54.4958 USD
Common	Sell Transaction	260	54.4963 USD
Common	Sell Transaction	462	54.4963 USD
Common	Sell Transaction	816	54.4964 USD
Common	Sell Transaction	208	54.4965 USD
Common	Sell Transaction	582	54.4967 USD
Common	Sell Transaction	7,286	54.4968 USD
Common	Sell Transaction	260	54.4973 USD
Common	Sell Transaction	233	54.4977 USD
Common	Sell Transaction	71	54.4982 USD
Common	Sell Transaction	240	54.4983 USD
Common	Sell Transaction	525	54.4992 USD
Common	Sell Transaction	113	54.5000 USD
Common	Sell Transaction	105	54.5001 USD
Common	Sell Transaction	236	54.5026 USD
Common	Sell Transaction	86	54.5038 USD
Common	Sell Transaction	112	54.5046 USD
Common	Sell Transaction	1,831	54.5063 USD
Common	Sell Transaction	844	54.5068 USD
Common	Sell Transaction	101	54.5099 USD
Common	Sell Transaction	366	54.5099 USD
Common	Sell Transaction	199	54.5100 USD
Common	Sell Transaction	1,350	54.5124 USD
Common	Sell Transaction	302	54.5125 USD
Common	Sell Transaction	2,360	54.5149 USD
Common	Sell Transaction	300	54.5167 USD
Common	Sell Transaction	157	54.5168 USD
Common	Sell Transaction	1,572	54.5170 USD
Common	Sell Transaction	110	54.5185 USD
Common	Sell Transaction	35,450	54.5200 USD
Common	Sell Transaction	149	54.5236 USD
Common	Sell Transaction	1,372	54.5236 USD
Common	Sell Transaction	2,463	54.5253 USD
Common	Sell Transaction	601	54.5270 USD
Common	Sell Transaction	315	54.5282 USD
Common	Sell Transaction	117	54.5300 USD
Common	Sell Transaction	474	54.5326 USD
Common	Sell Transaction	2,710	54.5383 USD
Common	Sell Transaction	271	54.5383 USD
Common	Sell Transaction	37	54.5397 USD
Common	Sell Transaction	101	54.5400 USD
Common	Sell Transaction	7	54.5414 USD
Common	Sell Transaction	851	54.5422 USD
Common	Sell Transaction	14	54.5436 USD
Common	Sell Transaction	17	54.5465 USD
Common	Sell Transaction	86	54.5499 USD
Common	Sell Transaction	2	54.5500 USD
Common	Sell Transaction	182	54.5512 USD
Common	Sell Transaction	444	54.5550 USD
Common	Sell Transaction	512	54.5576 USD
Common	Sell Transaction	500	54.5580 USD
Common	Sell Transaction	119	54.5595 USD
Common	Sell Transaction	100	54.5600 USD
Common	Sell Transaction	637	54.5628 USD
Common	Sell Transaction	88	54.5645 USD
Common	Sell Transaction	99	54.5648 USD
Common	Sell Transaction	250	54.5650 USD
Common	Sell Transaction	111	54.5650 USD
Common	Sell Transaction	304	54.5662 USD
Common	Sell Transaction	313	54.5669 USD
Common	Sell Transaction	180	54.5689 USD
Common	Sell Transaction	76	54.5700 USD
Common	Sell Transaction	261	54.5748 USD
Common	Sell Transaction	789	54.5761 USD
Common	Sell Transaction	1	54.5800 USD
Common	Sell Transaction	87	54.5846 USD
Common	Sell Transaction	490	54.5882 USD
Common	Sell Transaction	596	54.5900 USD
Common	Sell Transaction	6	54.5933 USD
Common	Sell Transaction	97	54.5975 USD
Common	Sell Transaction	400	54.6000 USD
Common	Sell Transaction	50	54.6036 USD
Common	Sell Transaction	2	54.6050 USD
Common	Sell Transaction	129	54.6056 USD
Common	Sell Transaction	300	54.6067 USD
Common	Sell Transaction	223	54.6100 USD
Common	Sell Transaction	100	54.6117 USD
Common	Sell Transaction	365	54.6148 USD
Common	Sell Transaction	52	54.6200 USD
Common	Sell Transaction	77	54.6208 USD
Common	Sell Transaction	54	54.6265 USD
Common	Sell Transaction	369	54.6267 USD
Common	Sell Transaction	148	54.6300 USD
Common	Sell Transaction	20	54.6350 USD
Common	Sell Transaction	651	54.6421 USD
Common	Sell Transaction	53	54.6594 USD
Common	Sell Transaction	49	54.6753 USD
Common	Sell Transaction	130	54.6769 USD
Common	Sell Transaction	930	54.6822 USD
Common	Sell Transaction	33	54.6924 USD
Common	Sell Transaction	101	54.7000 USD
Common	Sell Transaction	29	54.7124 USD
Common	Sell Transaction	1	54.7200 USD
Common	Sell Transaction	21	54.7443 USD
Common	Sell Transaction	17	54.7700 USD
Common	Sell Transaction	2	54.9400 USD
Common	Sell Transaction	10	54.9700 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	50	51.0000 USD	American	2025-Jan-03	0.2500 USD
Common	Call Option	Buy Transaction	2	55.0000 USD	American	2024-Dec-13	0.2900 USD
Common	Call Option	Buy Transaction	18	60.0000 USD	American	2025-Jan-17	0.3000 USD
Common	Call Option	Buy Transaction	36	55.0000 USD	American	2024-Dec-13	0.3000 USD
Common	Call Option	Buy Transaction	23	60.0000 USD	American	2025-Jan-17	0.3100 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Jan-17	0.3500 USD
Common	Put Option	Buy Transaction	1	52.0000 USD	American	2025-Jan-10	0.6500 USD
Common	Call Option	Buy Transaction	1	57.5000 USD	American	2025-Jan-17	0.8000 USD
Common	Put Option	Buy Transaction	1	53.0000 USD	American	2025-Jan-10	0.8500 USD
Common	Call Option	Buy Transaction	1	54.0000 USD	American	2024-Dec-20	1.4000 USD
Common	Call Option	Buy Transaction	1	60.0000 USD	American	2025-Apr-17	1.5200 USD
Common	Call Option	Buy Transaction	20	60.0000 USD	American	2025-Jun-20	2.3000 USD
Common	Put Option	Buy Transaction	2	57.0000 USD	American	2024-Dec-20	2.5500 USD
Common	Call Option	Buy Transaction	1	55.0000 USD	American	2025-Feb-21	2.7400 USD
Common	Put Option	Buy Transaction	1	57.5000 USD	American	2024-Dec-20	3.0000 USD
Common	Call Option	Buy Transaction	10	60.0000 USD	American	2026-Jan-16	4.1600 USD
Common	Call Option	Buy Transaction	1	52.5000 USD	American	2025-Jun-20	5.6000 USD
Common	Call Option	Buy Transaction	5	50.0000 USD	American	2025-Sep-19	7.9000 USD
Common	Call Option	Buy Transaction	17	50.0000 USD	American	2026-Jan-16	8.8300 USD
Common	Call Option	Sell Transaction	1	57.0000 USD	American	2024-Dec-13	0.0500 USD
Common	Call Option	Sell Transaction	1	56.0000 USD	American	2024-Dec-13	0.0900 USD
Common	Call Option	Sell Transaction	2	57.5000 USD	American	2024-Dec-20	0.1500 USD
Common	Call Option	Sell Transaction	2	60.0000 USD	American	2025-Jan-03	0.1500 USD
Common	Call Option	Sell Transaction	31	60.0000 USD	American	2025-Jan-17	0.3100 USD
Common	Call Option	Sell Transaction	25	60.0000 USD	American	2025-Jan-17	0.3200 USD
Common	Call Option	Sell Transaction	2	60.0000 USD	American	2025-Jan-17	0.3400 USD
Common	Call Option	Sell Transaction	26	60.0000 USD	American	2025-Jan-17	0.3500 USD
Common	Call Option	Sell Transaction	1	56.0000 USD	American	2024-Dec-27	0.4000 USD
Common	Put Option	Sell Transaction	3	53.0000 USD	American	2024-Dec-27	0.4000 USD
Common	Put Option	Sell Transaction	1	53.0000 USD	American	2024-Dec-27	0.4500 USD
Common	Put Option	Sell Transaction	1	51.0000 USD	American	2025-Jan-10	0.4500 USD
Common	Call Option	Sell Transaction	2	56.0000 USD	American	2024-Dec-27	0.5000 USD
Common	Call Option	Sell Transaction	1	65.0000 USD	American	2025-Apr-17	0.7000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2024-Dec-27	0.7000 USD
Common	Call Option	Sell Transaction	14	65.0000 USD	American	2025-Apr-17	0.7100 USD
Common	Call Option	Sell Transaction	1	65.0000 USD	American	2025-Apr-17	0.7500 USD
Common	Call Option	Sell Transaction	10	55.0000 USD	American	2024-Dec-27	0.8000 USD
Common	Put Option	Sell Transaction	1	52.5000 USD	American	2025-Jan-17	0.8500 USD
Common	Call Option	Sell Transaction	2	55.0000 USD	American	2024-Dec-27	0.8500 USD
Common	Put Option	Sell Transaction	4	52.5000 USD	American	2025-Jan-17	0.9000 USD
Common	Call Option	Sell Transaction	2	56.0000 USD	American	2025-Jan-10	0.9500 USD
Common	Call Option	Sell Transaction	11	60.0000 USD	American	2025-Feb-21	0.9500 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Feb-21	0.9700 USD
Common	Call Option	Sell Transaction	4	60.0000 USD	American	2025-Feb-21	0.9800 USD
Common	Call Option	Sell Transaction	9	60.0000 USD	American	2025-Feb-21	1.0000 USD
Common	Put Option	Sell Transaction	10	47.5000 USD	American	2025-Apr-17	1.0500 USD
Common	Call Option	Sell Transaction	1	54.0000 USD	American	2024-Dec-27	1.4500 USD
Common	Call Option	Sell Transaction	1	54.0000 USD	American	2024-Dec-27	1.5000 USD
Common	Call Option	Sell Transaction	5	55.0000 USD	American	2025-Jan-17	1.6500 USD
Common	Call Option	Sell Transaction	2	60.0000 USD	American	2025-Apr-17	1.6800 USD
Common	Put Option	Sell Transaction	1	52.5000 USD	American	2025-Feb-21	1.7500 USD
Common	Put Option	Sell Transaction	2	52.5000 USD	American	2025-Feb-21	1.8000 USD
Common	Put Option	Sell Transaction	6	52.5000 USD	American	2025-Feb-21	1.8500 USD
Common	Put Option	Sell Transaction	1	55.0000 USD	American	2025-Jan-17	1.9000 USD
Common	Put Option	Sell Transaction	5	35.0000 USD	American	2027-Jan-15	1.9500 USD
Common	Call Option	Sell Transaction	1	52.5000 USD	American	2024-Dec-20	2.4200 USD
Common	Call Option	Sell Transaction	1	60.0000 USD	American	2025-Jun-20	2.4500 USD
Common	Call Option	Sell Transaction	2	55.0000 USD	American	2025-Feb-21	2.8000 USD
Common	Call Option	Sell Transaction	2	52.0000 USD	American	2024-Dec-20	2.8800 USD
Common	Call Option	Sell Transaction	1	52.0000 USD	American	2024-Dec-20	2.9000 USD
Common	Call Option	Sell Transaction	1	52.0000 USD	American	2024-Dec-20	3.0500 USD
Common	Put Option	Sell Transaction	3	52.5000 USD	American	2025-Jun-20	3.2000 USD
Common	Call Option	Sell Transaction	19	55.0000 USD	American	2025-Apr-17	3.4200 USD
Common	Put Option	Sell Transaction	3	57.5000 USD	American	2025-Jan-17	3.5000 USD
Common	Call Option	Sell Transaction	1	55.0000 USD	American	2025-Jun-20	4.3000 USD
Common	Put Option	Sell Transaction	2	55.0000 USD	American	2025-Jun-20	4.3000 USD
Common	Call Option	Sell Transaction	4	50.0000 USD	American	2025-Jan-17	5.1000 USD
Common	Call Option	Sell Transaction	3	55.0000 USD	American	2025-Sep-19	5.1000 USD
Common	Put Option	Sell Transaction	1	60.0000 USD	American	2025-Jan-10	5.5000 USD
Common	Call Option	Sell Transaction	17	47.5000 USD	American	2025-Apr-17	8.3800 USD
Common	Call Option	Sell Transaction	5	45.0000 USD	American	2025-Jan-17	10.1200 USD

(ii)        Exercise

Class of relevant security

Product description e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

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

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

4.         OTHER INFORMATION

(a)        Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer: Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

None

(b)        Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c)        Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	12 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	-10,500	45.0 USD	American	17/10/2025
Common	Call Option	Purchased	5,900	37.5 USD	American	16/01/2026
Common	Put Option	Purchased	-2,800	20.0 USD	American	17/01/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	14/10/2025
Common	Call Option	Purchased	1,500	60.0 USD	American	18/07/2025
Common	Put Option	Purchased	-200	40.0 USD	American	20/06/2025
Common	Put Option	Purchased	-50,000	54.9 USD	European	15/10/2025
Common	Call Option	Purchased	300	47.5 USD	American	17/01/2025
Common	Call Option	Purchased	30,900	55.0 USD	American	17/10/2025
Common	Put Option	Purchased	-100	27.5 USD	American	17/01/2025
Common	Call Option	Purchased	600	30.0 USD	American	15/01/2027
Common	Call Option	Purchased	100	62.0 USD	American	03/01/2025
Common	Call Option	Purchased	1,300	58.0 USD	American	20/12/2024
Common	Call Option	Purchased	100	32.5 USD	American	17/01/2025
Common	Put Option	Purchased	-500	50.0 USD	American	17/04/2025
Common	Put Option	Purchased	-3,700	56.0 USD	American	20/12/2024
Common	Put Option	Purchased	-50,000	54.9 USD	European	13/10/2025
Common	Put Option	Purchased	-100	53.0 USD	American	10/01/2025
Common	Call Option	Purchased	81,500	54.9 USD	European	13/10/2025
Common	Call Option	Purchased	600	32.5 USD	American	15/01/2027
Common	Call Option	Purchased	100	35.0 USD	American	17/01/2025
Common	Call Option	Purchased	2,400	65.0 USD	American	17/01/2025
Common	Put Option	Purchased	-7,400	50.0 USD	American	16/01/2026
Common	Call Option	Purchased	0	45.0 USD	American	17/10/2025
Common	Call Option	Purchased	1,700	57.5 USD	American	17/10/2025
Common	Call Option	Purchased	59,400	55.0 USD	American	17/04/2025
Common	Put Option	Purchased	-100	52.0 USD	American	10/01/2025
Common	Call Option	Purchased	600	50.0 USD	American	15/01/2027
Common	Call Option	Purchased	3,600	70.0 USD	American	20/06/2025
Common	Call Option	Purchased	1,200	64.0 USD	American	20/12/2024
Common	Call Option	Purchased	15,000	57.5 USD	American	17/04/2025
Common	Call Option	Purchased	81,500	54.9 USD	European	15/10/2025
Common	Call Option	Purchased	1,700	32.5 USD	American	16/01/2026
Common	Call Option	Purchased	3,600	63.0 USD	American	20/12/2024
Common	Call Option	Purchased	11,300	55.0 USD	American	16/01/2026
Common	Put Option	Purchased	-8,300	42.5 USD	American	17/01/2025
Common	Put Option	Purchased	-6,300	17.5 USD	American	17/01/2025
Common	Call Option	Purchased	500	60.0 USD	American	10/01/2025
Common	Put Option	Purchased	0	61.0 USD	American	20/12/2024
Common	Put Option	Purchased	-50,000	52.5 USD	American	16/01/2026
Common	Call Option	Purchased	600	57.5 USD	American	21/02/2025
Common	Put Option	Purchased	-300	59.0 USD	American	20/12/2024
Common	Call Option	Purchased	81,500	54.9 USD	European	14/10/2025
Common	Call Option	Purchased	1,000	57.0 USD	American	13/12/2024
Common	Call Option	Purchased	100	67.5 USD	American	17/04/2025
Common	Call Option	Purchased	29,100	52.5 USD	American	20/12/2024
Common	Call Option	Purchased	1,800	60.0 USD	American	20/06/2025
Common	Put Option	Purchased	-9,000	40.0 USD	American	16/01/2026
Common	Call Option	Purchased	200	30.0 USD	American	19/09/2025
Common	Put Option	Purchased	-1,200	15.0 USD	American	17/01/2025
Common	Put Option	Purchased	-500	20.0 USD	American	16/01/2026
Common	Call Option	Purchased	6,600	61.0 USD	American	13/12/2024
Common	Put Option	Purchased	-800	56.0 USD	American	13/12/2024
Common	Put Option	Purchased	-700	42.5 USD	American	19/09/2025
Common	Put Option	Purchased	-2,900	57.5 USD	American	20/12/2024
Common	Call Option	Purchased	38,500	42.5 USD	American	17/01/2025
Common	Call Option	Purchased	1,000	80.0 USD	American	16/01/2026
Common	Call Option	Purchased	28,900	52.5 USD	American	19/09/2025
Common	Put Option	Purchased	-11,500	52.5 USD	American	20/12/2024
Common	Call Option	Purchased	24,900	65.0 USD	American	20/12/2024
Common	Put Option	Purchased	-28,000	58.0 USD	American	27/12/2024
Common	Put Option	Purchased	-500	54.0 USD	American	13/12/2024
Common	Call Option	Purchased	200	70.0 USD	American	17/01/2025
Common	Call Option	Purchased	1,100	55.0 USD	American	21/02/2025
Common	Put Option	Purchased	-5,000	51.0 USD	American	03/01/2025
Common	Call Option	Purchased	22,200	52.5 USD	American	17/10/2025
Common	Call Option	Purchased	400	60.0 USD	American	17/01/2025
Common	Call Option	Purchased	1,700	52.5 USD	American	17/04/2025
Common	Call Option	Purchased	100	37.5 USD	American	20/06/2025
Common	Put Option	Purchased	-5,400	17.5 USD	American	16/01/2026
Common	Call Option	Purchased	5,700	55.0 USD	American	20/06/2025
Common	Call Option	Purchased	500	67.5 USD	American	17/01/2025
Common	Put Option	Purchased	-200	57.0 USD	American	27/12/2024
Common	Put Option	Purchased	-300	42.5 USD	American	20/12/2024
Common	Call Option	Purchased	100	35.0 USD	American	15/01/2027
Common	Call Option	Purchased	7,200	62.5 USD	American	17/10/2025
Common	Call Option	Purchased	12,700	55.0 USD	American	17/01/2025
Common	Put Option	Purchased	-200	50.0 USD	American	27/12/2024
Common	Call Option	Purchased	600	50.0 USD	American	20/12/2024
Common	Call Option	Purchased	2,500	65.0 USD	American	20/06/2025
Common	Call Option	Purchased	100	40.0 USD	American	20/06/2025
Common	Call Option	Purchased	700	50.0 USD	American	16/01/2026
Common	Put Option	Purchased	-11,700	55.0 USD	American	16/01/2026
Common	Put Option	Purchased	-12,000	25.0 USD	American	17/01/2025
Common	Put Option	Purchased	-500	37.5 USD	American	19/09/2025
Common	Put Option	Purchased	-2,300	47.5 USD	American	20/12/2024
Common	Call Option	Purchased	9,700	60.0 USD	American	17/04/2025
Common	Put Option	Purchased	-1,600	42.5 USD	American	20/06/2025
Common	Put Option	Purchased	0	59.0 USD	American	27/12/2024
Common	Put Option	Purchased	-2,400	60.0 USD	American	17/01/2025
Common	Put Option	Purchased	-4,500	45.0 USD	American	17/04/2025
Common	Put Option	Purchased	-12,100	37.5 USD	American	17/01/2025
Common	Put Option	Purchased	-400	42.5 USD	American	17/04/2025
Common	Call Option	Purchased	500	50.0 USD	American	19/09/2025
Common	Call Option	Purchased	6,700	35.0 USD	American	16/01/2026
Common	Put Option	Purchased	-12,500	50.0 USD	American	16/01/2026
Common	Put Option	Purchased	-100	37.5 USD	American	17/01/2025
Common	Call Option	Purchased	300	60.0 USD	American	03/01/2025
Common	Call Option	Purchased	17,300	57.5 USD	American	19/09/2025
Common	Put Option	Purchased	-200	25.0 USD	American	17/01/2025
Common	Call Option	Purchased	100	62.0 USD	American	27/12/2024
Common	Call Option	Purchased	52,200	40.0 USD	American	17/01/2025
Common	Put Option	Purchased	-800	40.0 USD	American	17/04/2025
Common	Put Option	Purchased	-7,400	58.0 USD	American	20/12/2024
Common	Call Option	Purchased	9,000	65.0 USD	American	17/04/2025
Common	Call Option	Purchased	59,800	52.5 USD	American	17/01/2025
Common	Put Option	Purchased	-23,100	52.5 USD	American	19/09/2025
Common	Call Option	Purchased	20,600	62.5 USD	American	17/01/2025
Common	Call Option	Purchased	6,100	57.5 USD	American	20/12/2024
Common	Call Option	Purchased	16,300	58.0 USD	American	13/12/2024
Common	Call Option	Purchased	0	54.0 USD	American	27/12/2024
Common	Call Option	Purchased	204,400	45.0 USD	American	17/01/2025
Common	Put Option	Purchased	-4,500	45.0 USD	American	20/06/2025
Common	Call Option	Purchased	300	45.0 USD	American	17/04/2025
Common	Put Option	Purchased	-6,500	27.5 USD	American	17/01/2025
Common	Call Option	Purchased	20,400	27.5 USD	American	16/01/2026
Common	Put Option	Purchased	-1,800	60.0 USD	American	20/12/2024
Common	Call Option	Purchased	3,800	55.0 USD	American	13/12/2024
Common	Call Option	Purchased	100	54.0 USD	American	20/12/2024
Common	Call Option	Purchased	500	53.0 USD	American	27/12/2024
Common	Call Option	Purchased	100	62.0 USD	American	10/01/2025
Common	Put Option	Purchased	-500	52.5 USD	American	17/01/2025
Common	Call Option	Purchased	2,300	40.0 USD	American	16/01/2026
Common	Call Option	Purchased	1,600	70.0 USD	American	17/04/2025
Common	Call Option	Purchased	1,300	57.5 USD	American	20/06/2025
Common	Call Option	Purchased	1,800	57.0 USD	American	20/12/2024
Common	Call Option	Purchased	40,800	52.5 USD	American	20/06/2025
Common	Call Option	Purchased	1,700	61.0 USD	American	20/12/2024
Common	Call Option	Purchased	13,800	50.0 USD	American	20/06/2025
Common	Put Option	Purchased	-700	42.5 USD	American	21/02/2025
Common	Put Option	Purchased	-100	52.5 USD	American	17/10/2025
Common	Put Option	Purchased	-42,400	55.0 USD	American	27/12/2024
Common	Call Option	Purchased	800	40.0 USD	American	15/01/2027
Common	Call Option	Purchased	3,000	51.0 USD	American	27/12/2024
Common	Call Option	Purchased	71,900	50.0 USD	American	17/01/2025
Common	Call Option	Purchased	200	59.0 USD	American	10/01/2025
Common	Put Option	Purchased	-500	35.0 USD	American	18/07/2025
Common	Call Option	Purchased	3,500	60.0 USD	American	13/12/2024
Common	Call Option	Purchased	2,500	55.0 USD	American	19/09/2025
Common	Put Option	Purchased	0	47.5 USD	American	15/01/2027
Common	Call Option	Purchased	200	62.0 USD	American	13/12/2024
Common	Call Option	Purchased	5,200	60.0 USD	American	17/10/2025
Common	Call Option	Purchased	400	59.0 USD	American	27/12/2024
Common	Call Option	Purchased	300	70.0 USD	American	15/01/2027
Common	Put Option	Purchased	-1,000	52.5 USD	American	16/01/2026
Common	Call Option	Purchased	700	65.0 USD	American	19/09/2025
Common	Put Option	Purchased	-15,600	56.0 USD	American	24/01/2025
Common	Put Option	Purchased	-20,000	55.0 USD	American	16/01/2026
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	200	58.0 USD	American	24/01/2025
Common	Call Option	Purchased	100	62.0 USD	American	20/12/2024
Common	Put Option	Purchased	-600	57.0 USD	American	20/12/2024
Common	Put Option	Purchased	-3,200	22.5 USD	American	17/01/2025
Common	Call Option	Purchased	700	52.5 USD	American	16/01/2026
Common	Put Option	Purchased	-3,800	50.0 USD	American	19/09/2025
Common	Put Option	Purchased	-1,100	52.0 USD	American	27/12/2024
Common	Call Option	Purchased	300	55.0 USD	American	18/07/2025
Common	Put Option	Purchased	-3,000	45.0 USD	American	19/09/2025
Common	Put Option	Purchased	-4,000	32.5 USD	American	16/01/2026
Common	Call Option	Purchased	1,900	50.0 USD	American	17/01/2025
Common	Call Option	Purchased	3,000	30.0 USD	American	16/01/2026
Common	Put Option	Purchased	-400	54.0 USD	American	20/12/2024
Common	Put Option	Purchased	-6,900	57.5 USD	American	17/01/2025
Common	Put Option	Purchased	-33,200	50.0 USD	American	20/06/2025
Common	Put Option	Purchased	-100	35.0 USD	American	16/01/2026
Common	Put Option	Purchased	-1,000	35.0 USD	American	17/10/2025
Common	Put Option	Purchased	-200	57.0 USD	American	13/12/2024
Common	Put Option	Purchased	-500	37.5 USD	American	20/06/2025
Common	Put Option	Purchased	-100	47.5 USD	American	17/10/2025
Common	Call Option	Purchased	400	58.0 USD	American	03/01/2025
Common	Put Option	Purchased	-100	32.5 USD	American	17/01/2025
Common	Put Option	Purchased	-600	55.0 USD	American	13/12/2024
Common	Call Option	Purchased	13,600	55.0 USD	American	17/01/2025
Common	Call Option	Purchased	900	52.5 USD	American	15/01/2027
Common	Call Option	Purchased	300	63.0 USD	American	13/12/2024
Common	Put Option	Purchased	-300	57.5 USD	American	21/02/2025
Common	Put Option	Purchased	-24,000	22.5 USD	American	17/01/2025
Common	Call Option	Sold	-4,200	42.5 USD	American	19/09/2025
Common	Put Option	Sold	28,500	55.0 USD	American	20/12/2024
Common	Put Option	Sold	1,400	55.0 USD	American	03/01/2025
Common	Put Option	Sold	5,800	57.5 USD	American	16/01/2026
Common	Call Option	Sold	-1,600	45.0 USD	American	20/12/2024
Common	Put Option	Sold	100	50.0 USD	American	20/12/2024
Common	Call Option	Sold	-200	20.0 USD	American	17/01/2025
Common	Call Option	Sold	-2,000	42.5 USD	American	17/10/2025
Common	Call Option	Sold	-8,300	62.5 USD	American	16/01/2026
Common	Put Option	Sold	100	59.0 USD	American	03/01/2025
Common	Call Option	Sold	-200	58.0 USD	American	27/12/2024
Common	Call Option	Sold	-3,000	45.0 USD	American	16/01/2026
Common	Put Option	Sold	29,100	35.0 USD	American	17/01/2025
Common	Put Option	Sold	18,700	55.0 USD	American	17/04/2025
Common	Put Option	Sold	300	47.5 USD	American	19/09/2025
Common	Put Option	Sold	49,600	47.5 USD	American	17/01/2025
Common	Call Option	Sold	-1,000	56.0 USD	American	24/01/2025
Common	Put Option	Sold	10,600	52.0 USD	American	13/12/2024
Common	Put Option	Sold	2,200	55.0 USD	American	17/01/2025
Common	Call Option	Sold	-8,800	45.0 USD	American	20/06/2025
Common	Call Option	Sold	-20,600	57.5 USD	American	17/01/2025
Common	Call Option	Sold	-2,500	47.5 USD	American	19/09/2025
Common	Put Option	Sold	40,000	45.0 USD	American	17/01/2025
Common	Put Option	Sold	300	58.0 USD	American	13/12/2024
Common	Put Option	Sold	16,200	32.5 USD	American	17/01/2025
Common	Call Option	Sold	-5,900	57.0 USD	American	27/12/2024
Common	Call Option	Sold	-800	60.0 USD	American	19/09/2025
Common	Put Option	Sold	65,800	30.0 USD	American	17/01/2025
Common	Put Option	Sold	3,000	30.0 USD	American	16/01/2026
Common	Put Option	Sold	12,500	45.0 USD	American	16/01/2026
Common	Call Option	Sold	-3,600	60.0 USD	American	16/01/2026
Common	Call Option	Sold	-491,000	47.5 USD	American	17/01/2025
Common	Call Option	Sold	-200	62.5 USD	American	20/06/2025
Common	Put Option	Sold	4,200	37.5 USD	American	16/01/2026
Common	Put Option	Sold	600	60.0 USD	American	17/04/2025
Common	Put Option	Sold	153,900	40.0 USD	American	17/01/2025
Common	Put Option	Sold	100	54.0 USD	American	10/01/2025
Common	Call Option	Sold	-2,200	55.0 USD	American	27/12/2024
Common	Call Option	Sold	-94,500	60.0 USD	American	17/01/2025
Common	Put Option	Sold	100	62.5 USD	American	16/01/2026
Common	Call Option	Sold	-2,200	47.5 USD	American	16/01/2026
Common	Put Option	Sold	9,900	47.5 USD	American	17/04/2025
Common	Call Option	Sold	-6,100	62.5 USD	American	17/04/2025
Common	Call Option	Sold	-100	57.0 USD	American	03/01/2025
Common	Call Option	Sold	-200	50.0 USD	American	17/10/2025
Common	Put Option	Sold	100	27.5 USD	American	16/01/2026
Common	Put Option	Sold	600	55.0 USD	American	21/02/2025
Common	Call Option	Sold	-400	52.0 USD	American	20/12/2024
Common	Call Option	Sold	-1,600	65.0 USD	American	17/10/2025
Common	Put Option	Sold	100	51.0 USD	American	10/01/2025
Common	Call Option	Sold	-800	47.5 USD	American	20/06/2025
Common	Call Option	Sold	-11,400	47.5 USD	American	17/04/2025
Common	Call Option	Sold	-1,600	56.0 USD	American	13/12/2024
Common	Put Option	Sold	100	60.0 USD	American	10/01/2025
Common	Put Option	Sold	4,800	25.0 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	Put Option	Sold	300	52.5 USD	American	20/06/2025
Common	Call Option	Sold	-2,300	62.5 USD	American	20/12/2024
Common	Call Option	Sold	-200	59.0 USD	American	13/12/2024
Common	Put Option	Sold	200	45.0 USD	American	21/02/2025
Common	Put Option	Sold	100	56.0 USD	American	03/01/2025
Common	Put Option	Sold	900	52.5 USD	American	21/02/2025
Common	Put Option	Sold	17,000	50.0 USD	American	17/01/2025
Common	Put Option	Sold	3,600	45.0 USD	American	20/12/2024
Common	Call Option	Sold	-7,900	70.0 USD	American	16/01/2026
Common	Call Option	Sold	-400	37.5 USD	American	19/09/2025
Common	Call Option	Sold	-4,100	56.0 USD	American	27/12/2024
Common	Call Option	Sold	-500	65.0 USD	American	16/01/2026
Common	Call Option	Sold	-96,000	60.0 USD	American	20/12/2024
Common	Put Option	Sold	400	57.0 USD	American	24/01/2025
Common	Put Option	Sold	100	35.0 USD	American	20/12/2024
Common	Put Option	Sold	20,000	52.5 USD	American	17/04/2025
Common	Call Option	Sold	-1,300	60.0 USD	American	21/02/2025
Common	Call Option	Sold	-200	59.0 USD	American	03/01/2025
Common	Put Option	Sold	2,500	42.5 USD	American	16/01/2026
Common	Call Option	Sold	-700	60.0 USD	American	27/12/2024
Common	Call Option	Sold	-37,800	55.0 USD	American	20/12/2024
Common	Call Option	Sold	-200	30.0 USD	American	17/01/2025
Common	Call Option	Sold	-10,100	50.0 USD	American	17/04/2025
Common	Call Option	Sold	-100	56.0 USD	American	20/12/2024
Common	Put Option	Sold	6,000	60.0 USD	American	20/06/2025
Common	Put Option	Sold	1,300	62.5 USD	American	17/04/2025
Common	Put Option	Sold	21,000	57.5 USD	American	17/04/2025
Common	Put Option	Sold	6,700	55.0 USD	American	20/06/2025
Common	Call Option	Sold	-200	56.0 USD	American	10/01/2025
Common	Call Option	Sold	-2,500	42.5 USD	American	16/01/2026
Common	Put Option	Sold	500	35.0 USD	American	15/01/2027
Common	Put Option	Sold	1,100	56.0 USD	American	27/12/2024
Common	Put Option	Sold	300	47.5 USD	American	20/06/2025
Common	Call Option	Sold	-5,000	37.5 USD	American	17/01/2025
Common	Call Option	Sold	-39,100	59.0 USD	American	20/12/2024
Common	Call Option	Sold	-300	56.0 USD	American	03/01/2025
Common	Put Option	Sold	100	37.5 USD	American	17/04/2025
Common	Put Option	Sold	1,600	53.0 USD	American	27/12/2024
Common	Call Option	Sold	-1,000	85.0 USD	American	16/01/2026
Common	Put Option	Sold	2,700	54.0 USD	American	27/12/2024
Common	Call Option	Sold	-100	75.0 USD	American	20/06/2025
Common	Put Option	Sold	400	55.0 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