Advertisement
New Zealand markets open in 8 hours 26 minutes
  • NZX 50

    11,735.71
    +35.92 (+0.31%)
     
  • NZD/USD

    0.6112
    -0.0024 (-0.40%)
     
  • ALL ORDS

    8,132.10
    +49.80 (+0.62%)
     
  • OIL

    79.52
    -0.54 (-0.67%)
     
  • GOLD

    2,423.90
    +6.50 (+0.27%)
     

Form 8.3 - International Paper Company

LONDON, April 19, 2024--(BUSINESS WIRE)--

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:

Millennium International Management LP

(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.

(c) Name of offeror/offeree in relation to whose relevant securities this form relates:

Use a separate form for each offeror/offeree

International Paper Company

(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:

For an opening position disclosure, state the latest practicable date prior to the disclosure

18th April 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, Smith (DS) plc and Mondi 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.

ADVERTISEMENT

(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 (US4601461035)

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

839,491

0.242%

1,357,870

0.391%

(2) Cash-settled derivatives:

1,774

0.001%

345,204

0.099%

(3) Stock-settled derivatives (including options) and agreements to purchase/sell:

257,000

0.074%

361,300

0.104%

TOTAL:

1,098,265

0.316%

2,064,374

0.594%

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:

Details, including nature of the rights concerned and relevant percentages:

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

(USD)

US4601461035

Sale

882

35.27

US4601461035

Purchase

140

35.35

US4601461035

Purchase

1,400

35.23

US4601461035

Purchase

728

35.29

US4601461035

Purchase

6,564

35.30

US4601461035

Purchase

1,160

35.32

US4601461035

Purchase

560

35.24

US4601461035

Purchase

2,921

35.26

US4601461035

Sale

1,156

35.26

US4601461035

Purchase

720

35.31

US4601461035

Purchase

160

35.36

US4601461035

Purchase

27

35.37

US4601461035

Sale

1,340

35.38

US4601461035

Sale

600

35.46

US4601461035

Sale

477

35.28

US4601461035

Sale

107

35.61

US4601461035

Sale

22

35.27

US4601461035

Sale

981

35.29

US4601461035

Sale

19

35.30

US4601461035

Sale

649

35.32

US4601461035

Sale

10

35.24

US4601461035

Purchase

3,098

35.26

US4601461035

Sale

152

35.26

US4601461035

Sale

1,265

35.28

US4601461035

Purchase

10,526

35.26

US4601461035

Sale

27,154

35.26

US4601461035

Purchase

21

35.35

US4601461035

Purchase

8

35.23

US4601461035

Sale

2

35.23

US4601461035

Purchase

21

35.29

US4601461035

Sale

10

35.30

US4601461035

Purchase

10

35.32

US4601461035

Sale

1,474

35.32

US4601461035

Purchase

37

35.24

US4601461035

Sale

23,363

35.26

US4601461035

Purchase

34

35.31

US4601461035

Sale

29

35.31

US4601461035

Sale

73

35.36

US4601461035

Purchase

1,034

35.19

US4601461035

Purchase

3,031

35.14

US4601461035

Purchase

4,982

35.20

US4601461035

Purchase

3,023

35.18

US4601461035

Purchase

37

35.28

US4601461035

Sale

204

35.28

US4601461035

Purchase

5,592

35.17

US4601461035

Purchase

7,710

35.16

US4601461035

Purchase

25

35.25

US4601461035

Sale

14

35.25

US4601461035

Purchase

1,100

35.10

US4601461035

Purchase

1,200

35.15

US4601461035

Purchase

9

35.33

US4601461035

Sale

1

35.33

US4601461035

Sale

8

35.39

US4601461035

Purchase

338

35.12

US4601461035

Purchase

25

35.34

US4601461035

Sale

577

35.34

US4601461035

Purchase

2

35.44

US4601461035

Sale

13

35.40

US4601461035

Sale

475

35.49

US4601461035

Purchase

622

35.27

US4601461035

Purchase

10

35.35

US4601461035

Purchase

532

35.23

US4601461035

Purchase

196

35.29

US4601461035

Purchase

216

35.30

US4601461035

Purchase

80

35.32

US4601461035

Purchase

13

35.24

US4601461035

Purchase

14

35.26

US4601461035

Sale

4,951

35.26

US4601461035

Purchase

502

35.31

US4601461035

Purchase

45

35.37

US4601461035

Purchase

36

35.22

US4601461035

Purchase

5

35.20

US4601461035

Purchase

5

35.21

US4601461035

Purchase

501

35.28

US4601461035

Purchase

26

35.25

US4601461035

Purchase

600

35.33

US4601461035

Purchase

1

35.48

US4601461035

Purchase

957

35.34

US4601461035

Purchase

4,839

35.27

US4601461035

Purchase

5,698

35.35

US4601461035

Purchase

15,557

35.29

US4601461035

Purchase

6,520

35.30

US4601461035

Purchase

1,269

35.32

US4601461035

Purchase

1,218

35.24

US4601461035

Purchase

28,357

35.26

US4601461035

Purchase

3,110

35.31

US4601461035

Purchase

5,184

35.36

US4601461035

Purchase

2,563

35.22

US4601461035

Sale

3,012

35.22

US4601461035

Purchase

587

35.38

US4601461035

Purchase

317

35.14

US4601461035

Purchase

1,132

35.20

US4601461035

Purchase

47

35.18

US4601461035

Purchase

100

35.21

US4601461035

Purchase

300

35.46

US4601461035

Purchase

7,412

35.28

US4601461035

Purchase

10,255

35.25

US4601461035

Purchase

189

35.41

US4601461035

Purchase

819

35.33

US4601461035

Purchase

318

35.39

US4601461035

Purchase

371

35.48

US4601461035

Purchase

299

35.43

US4601461035

Purchase

116

35.57

US4601461035

Purchase

7,515

35.34

US4601461035

Purchase

716

35.27

US4601461035

Sale

265

35.27

US4601461035

Purchase

759

35.35

US4601461035

Sale

1,113

35.35

US4601461035

Purchase

1,038

35.23

US4601461035

Sale

364

35.23

US4601461035

Purchase

4,306

35.29

US4601461035

Sale

781

35.29

US4601461035

Purchase

1,713

35.30

US4601461035

Sale

949

35.30

US4601461035

Purchase

1,988

35.32

US4601461035

Sale

679

35.32

US4601461035

Purchase

320

35.24

US4601461035

Sale

282

35.24

US4601461035

Purchase

7,405

35.26

US4601461035

Sale

16,043

35.26

US4601461035

Purchase

485

35.31

US4601461035

Sale

875

35.31

US4601461035

Purchase

1,120

35.36

US4601461035

Sale

352

35.36

US4601461035

Purchase

64

35.37

US4601461035

Sale

3,399

35.37

US4601461035

Purchase

2,548

35.22

US4601461035

Purchase

200

35.38

US4601461035

Purchase

117

35.19

US4601461035

Sale

15

35.19

US4601461035

Purchase

6

35.14

US4601461035

Purchase

39

35.20

US4601461035

Sale

77

35.20

US4601461035

Purchase

43

35.18

US4601461035

Purchase

1,195

35.21

US4601461035

Purchase

100

35.46

US4601461035

Sale

14

35.46

US4601461035

Purchase

1,935

35.28

US4601461035

Sale

217

35.28

US4601461035

Purchase

139

35.16

US4601461035

Purchase

1,872

35.25

US4601461035

Sale

1,692

35.25

US4601461035

Purchase

14

35.11

US4601461035

Purchase

82

35.62

US4601461035

Purchase

14

35.15

US4601461035

Purchase

216

35.41

US4601461035

Sale

55

35.41

US4601461035

Purchase

341

35.33

US4601461035

Sale

265

35.33

US4601461035

Purchase

108

35.39

US4601461035

Sale

1,425

35.39

US4601461035

Purchase

1

35.48

US4601461035

Sale

380

35.48

US4601461035

Purchase

400

35.43

US4601461035

Purchase

827

35.34

US4601461035

Sale

815

35.34

US4601461035

Purchase

131

35.42

US4601461035

Sale

266

35.42

US4601461035

Sale

107

35.44

US4601461035

Sale

14

35.45

US4601461035

Sale

500

35.47

US4601461035

Purchase

1,018

35.40

US4601461035

Sale

1,747

35.40

US4601461035

Purchase

58

35.54

US4601461035

Purchase

7,733

35.27

US4601461035

Sale

301

35.27

US4601461035

Purchase

499

35.35

US4601461035

Purchase

1,820

35.23

US4601461035

Sale

517

35.23

US4601461035

Purchase

437

35.29

US4601461035

Sale

300

35.29

US4601461035

Purchase

3,226

35.30

US4601461035

Sale

202

35.30

US4601461035

Purchase

2,860

35.32

US4601461035

Sale

154

35.32

US4601461035

Purchase

2,241

35.24

US4601461035

Sale

320

35.24

US4601461035

Purchase

3,367

35.26

US4601461035

Sale

46,179

35.26

US4601461035

Purchase

1,703

35.31

US4601461035

Sale

163

35.31

US4601461035

Purchase

92

35.36

US4601461035

Purchase

892

35.22

US4601461035

Sale

123

35.22

US4601461035

Sale

170

35.19

US4601461035

Purchase

100

35.20

US4601461035

Purchase

900

35.21

US4601461035

Purchase

300

35.46

US4601461035

Purchase

349

35.28

US4601461035

Purchase

200

35.17

US4601461035

Sale

59

35.17

US4601461035

Sale

9

35.16

US4601461035

Purchase

6,300

35.25

US4601461035

Sale

552

35.25

US4601461035

Sale

100

35.11

US4601461035

Purchase

94

35.41

US4601461035

Sale

341

35.41

US4601461035

Purchase

743

35.33

US4601461035

Purchase

100

35.39

US4601461035

Purchase

2,511

35.48

US4601461035

Purchase

280

35.43

US4601461035

Sale

197

35.43

US4601461035

Purchase

407

35.57

US4601461035

Purchase

444

35.34

US4601461035

Sale

108

35.34

US4601461035

Purchase

800

35.44

US4601461035

Purchase

223

35.45

US4601461035

Purchase

600

35.47

US4601461035

Purchase

101

35.60

US4601461035

Purchase

309

35.40

US4601461035

Purchase

100

35.51

US4601461035

Purchase

2

35.59

US4601461035

Purchase

1,464

35.49

US4601461035

Purchase

100

35.65

US4601461035

Sale

5,263

35.26

US4601461035

Sale

10

35.27

US4601461035

Purchase

100

35.30

US4601461035

Purchase

625

35.32

US4601461035

Sale

1

35.32

US4601461035

Sale

2

35.24

US4601461035

Purchase

300

35.26

US4601461035

Sale

22

35.26

US4601461035

Purchase

400

35.37

US4601461035

Purchase

100

35.20

US4601461035

Purchase

153

35.28

US4601461035

Sale

9

35.28

US4601461035

Sale

13

35.25

US4601461035

Purchase

139

35.41

US4601461035

Purchase

844

35.33

US4601461035

Sale

2

35.33

US4601461035

Purchase

500

35.39

US4601461035

Purchase

200

35.43

US4601461035

Purchase

140

35.42

US4601461035

Purchase

151

35.44

US4601461035

Purchase

200

35.47

US4601461035

Purchase

433

35.40

US4601461035

Purchase

23,244

35.26

US4601461035

Sale

80,890

35.26

US4601461035

Purchase

78,583

35.26

US4601461035

Purchase

62,294

35.26

US4601461035

Purchase

8,070

35.26

(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

US4601461035

Equity Swap

Reducing a short position

73,079

28.60 GBP

US4601461035

Equity Swap

Increasing a long position

124

35.22 USD

US4601461035

Equity Swap

Increasing a long position

31

35.27 USD

US4601461035

Equity Swap

Reducing a long position

31

35.35 USD

US4601461035

Equity Swap

Opening a long position

1,519

35.20 USD

US4601461035

Equity Swap

Reducing a long position

37

35.26 USD

(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

(USD)

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

US4601461035

Call Option

Selling

200

32.50

American

4/19/2024

US4601461035

Call Option

Selling

700

35.00

American

4/19/2024

US4601461035

Put Option

Selling

700

35.00

American

4/19/2024

US4601461035

Call Option

Selling

250,000

42.50

American

18/10/2024

US4601461035

Call Option

Selling

250,000

47.50

American

18/10/2024

US4601461035

Put Option

Purchased

800

35.00

American

21/06/2024

US4601461035

Call Option

Purchased

250,000

40.00

American

18/10/2024

US4601461035

Call Option

Written

250,000

45.00

American

18/10/2024

(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?

NO

Date of disclosure:

19th April 2024

Contact name:

Stephen Glasper

Telephone number:

+44 203 398 2166

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 disclosure requirements on +44 (0)20 7638 0129.

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:

Millennium International Management LP

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

International Paper Company

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

(USD)

Type

e.g. American, European etc.

Expiry date

US4601461035

Call Option

Purchased

100

35.00

American

1/17/2025

US4601461035

Call Option

Purchased

300

40.00

American

1/17/2025

US4601461035

Put Option

Purchased

6,400

32.50

American

4/19/2024

US4601461035

Call Option

Purchased

2,200

32.50

American

4/19/2024

US4601461035

Call Option

Written

23,900

35.00

American

4/19/2024

US4601461035

Call Option

Purchased

4,400

35.00

American

4/19/2024

US4601461035

Put Option

Purchased

800

32.50

American

1/17/2025

US4601461035

Put Option

Purchased

28,300

35.00

American

4/19/2024

US4601461035

Put Option

Purchased

1,100

38.00

American

4/19/2024

US4601461035

Put Option

Purchased

50,000

39.00

American

4/19/2024

US4601461035

Put Option

Purchased

800

35.00

American

21/06/2024

US4601461035

Call Option

Purchased

250,000

40.00

American

18/10/2024

US4601461035

Call Option

Written

250,000

45.00

American

18/10/2024

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 +44 (0)20 7638 0129.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240419280717/en/

Contacts

Millennium Partners, L.P.