Form 8.3 - International Paper Company

LONDON, May 02, 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		1st May 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

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 (US4601461035)
		Interests				Short positions
		Number		%		Number		%
(1) Relevant securities owned and/or controlled:		1,393,628		0.401%		342,021		0.098%
(2) Cash-settled derivatives:		458		0.000%		336,981		0.097%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		302,400		0.087%		279,500		0.080%
TOTAL:		1,696,486		0.488%		958,502		0.276%

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	2,305	35.28
US4601461035	Sale	16	35.03
US4601461035	Sale	32	35.01
US4601461035	Sale	8	34.95
US4601461035	Sale	18	34.92
US4601461035	Sale	200	35.18
US4601461035	Sale	62	35.23
US4601461035	Sale	16	34.74
US4601461035	Sale	16	34.72
US4601461035	Sale	1,420	34.97
US4601461035	Sale	227	35.28
US4601461035	Purchase	64	35.03
US4601461035	Sale	449	35.03
US4601461035	Sale	1,062	34.96
US4601461035	Purchase	721	35.01
US4601461035	Purchase	30	34.88
US4601461035	Sale	75	34.79
US4601461035	Sale	601	34.93
US4601461035	Purchase	105	34.89
US4601461035	Purchase	34	35.33
US4601461035	Sale	14	35.33
US4601461035	Purchase	547	34.81
US4601461035	Sale	746	34.98
US4601461035	Sale	858	35.00
US4601461035	Purchase	34	35.38
US4601461035	Purchase	283	34.87
US4601461035	Sale	24,245	34.87
US4601461035	Sale	99	34.76
US4601461035	Sale	300	34.75
US4601461035	Sale	2,796	34.94
US4601461035	Purchase	23	34.85
US4601461035	Sale	50	34.85
US4601461035	Purchase	1,570	35.37
US4601461035	Purchase	18	35.02
US4601461035	Purchase	5	35.04
US4601461035	Sale	349	35.04
US4601461035	Purchase	406	35.29
US4601461035	Sale	2,802	34.95
US4601461035	Sale	492	34.92
US4601461035	Purchase	88	34.86
US4601461035	Purchase	27	35.30
US4601461035	Sale	150	34.99
US4601461035	Purchase	631	35.06
US4601461035	Sale	4	35.06
US4601461035	Purchase	41	35.05
US4601461035	Sale	1,952	35.05
US4601461035	Purchase	24	34.91
US4601461035	Purchase	16	34.84
US4601461035	Purchase	358	35.31
US4601461035	Sale	100	34.78
US4601461035	Purchase	24	34.61
US4601461035	Sale	8,382	35.28
US4601461035	Purchase	300	35.40
US4601461035	Purchase	133	35.42
US4601461035	Purchase	1,409	35.38
US4601461035	Purchase	2,336	35.44
US4601461035	Sale	3	35.22
US4601461035	Purchase	13	35.36
US4601461035	Purchase	31	35.41
US4601461035	Purchase	1,008	35.47
US4601461035	Purchase	174	35.46
US4601461035	Sale	2	35.08
US4601461035	Purchase	3,076	35.43
US4601461035	Sale	3	35.04
US4601461035	Sale	6	34.63
US4601461035	Sale	6	34.92
US4601461035	Purchase	71	35.48
US4601461035	Purchase	4	35.34
US4601461035	Purchase	464	35.45
US4601461035	Sale	2	35.05
US4601461035	Sale	6	34.69
US4601461035	Purchase	24	35.50
US4601461035	Purchase	50	35.39
US4601461035	Sale	2	34.97
US4601461035	Purchase	101	35.28
US4601461035	Sale	36	34.96
US4601461035	Sale	300	35.40
US4601461035	Sale	191	35.01
US4601461035	Sale	916	34.88
US4601461035	Sale	301	34.79
US4601461035	Sale	100	34.93
US4601461035	Sale	913	34.70
US4601461035	Sale	912	35.33
US4601461035	Sale	615	34.82
US4601461035	Sale	1,218	34.81
US4601461035	Sale	1,297	35.35
US4601461035	Sale	424	34.98
US4601461035	Purchase	100	35.00
US4601461035	Sale	200	35.00
US4601461035	Sale	1,182	34.83
US4601461035	Purchase	805	35.42
US4601461035	Sale	1,436	35.38
US4601461035	Purchase	283	35.44
US4601461035	Sale	536	35.44
US4601461035	Sale	22	35.22
US4601461035	Sale	488	34.62
US4601461035	Sale	2,797	34.87
US4601461035	Sale	9	35.36
US4601461035	Sale	68,169	35.26
US4601461035	Purchase	262	35.41
US4601461035	Sale	2,146	35.41
US4601461035	Purchase	403	35.46
US4601461035	Sale	519	35.46
US4601461035	Sale	4,340	34.75
US4601461035	Purchase	2,175	34.77
US4601461035	Sale	1,295	34.77
US4601461035	Sale	329	34.85
US4601461035	Sale	3,556	35.37
US4601461035	Purchase	500	35.43
US4601461035	Sale	200	35.43
US4601461035	Sale	100	35.02
US4601461035	Sale	540	35.19
US4601461035	Sale	100	34.63
US4601461035	Sale	867	34.86
US4601461035	Sale	584	35.34
US4601461035	Sale	232	34.90
US4601461035	Sale	87	35.06
US4601461035	Sale	3,067	35.45
US4601461035	Sale	451	34.91
US4601461035	Sale	1,581	34.84
US4601461035	Sale	379	35.31
US4601461035	Sale	512	34.78
US4601461035	Sale	3	35.39
US4601461035	Sale	112	34.61
US4601461035	Sale	50	34.59
US4601461035	Sale	224	34.72
US4601461035	Sale	200	34.60
US4601461035	Sale	249	34.97
US4601461035	Purchase	22,950	35.28
US4601461035	Sale	6,004	35.28
US4601461035	Purchase	24	35.03
US4601461035	Sale	66	35.03
US4601461035	Purchase	640	34.96
US4601461035	Sale	273	34.96
US4601461035	Purchase	20	35.40
US4601461035	Sale	619	35.40
US4601461035	Sale	8,862	34.80
US4601461035	Purchase	549	35.01
US4601461035	Sale	575	35.01
US4601461035	Sale	1,686	34.88
US4601461035	Sale	76	34.79
US4601461035	Purchase	95	34.93
US4601461035	Sale	1,318	34.89
US4601461035	Sale	910	34.73
US4601461035	Purchase	36	34.82
US4601461035	Sale	194	34.82
US4601461035	Purchase	78	34.81
US4601461035	Sale	350	34.81
US4601461035	Sale	468	35.35
US4601461035	Purchase	15	34.98
US4601461035	Sale	339	34.98
US4601461035	Sale	1,069	34.67
US4601461035	Purchase	245	35.00
US4601461035	Sale	45	35.00
US4601461035	Purchase	1	34.83
US4601461035	Sale	91	34.83
US4601461035	Purchase	619	35.42
US4601461035	Sale	2,408	35.38
US4601461035	Sale	6,917	35.44
US4601461035	Sale	2,499	35.22
US4601461035	Sale	115	34.62
US4601461035	Sale	14	35.36
US4601461035	Sale	64	35.09
US4601461035	Sale	4	35.26
US4601461035	Sale	1,372	35.41
US4601461035	Sale	244	35.47
US4601461035	Purchase	87	35.15
US4601461035	Sale	63	35.15
US4601461035	Purchase	3	34.76
US4601461035	Sale	294	34.76
US4601461035	Sale	216	35.46
US4601461035	Sale	5	34.75
US4601461035	Sale	2,003	34.94
US4601461035	Sale	2	35.08
US4601461035	Purchase	940	34.77
US4601461035	Sale	1,591	34.77
US4601461035	Purchase	100	34.85
US4601461035	Sale	67	35.32
US4601461035	Purchase	21	35.37
US4601461035	Sale	52	35.37
US4601461035	Purchase	234	35.43
US4601461035	Sale	1,173	35.43
US4601461035	Purchase	108	35.02
US4601461035	Sale	719	35.02
US4601461035	... Purchase	1	35.07
US4601461035	Purchase	48	35.04
US4601461035	Sale	486	35.04
US4601461035	Sale	40	35.24
US4601461035	Purchase	17	35.29
US4601461035	Sale	34	35.29
US4601461035	Sale	118	34.95
US4601461035	Sale	2,895	34.92
US4601461035	Purchase	26	35.48
US4601461035	Sale	84	35.48
US4601461035	Sale	404	34.86
US4601461035	Purchase	1,046	35.30
US4601461035	Sale	578	35.30
US4601461035	Sale	105	35.34
US4601461035	Sale	38	34.90
US4601461035	Purchase	13	34.99
US4601461035	Sale	1,463	34.99
US4601461035	Purchase	100	35.06
US4601461035	Sale	639	35.45
US4601461035	Sale	100	35.05
US4601461035	Sale	17	34.68
US4601461035	Sale	934	34.91
US4601461035	Purchase	2	34.84
US4601461035	Sale	1,221	34.84
US4601461035	Sale	1,342	35.20
US4601461035	Sale	1,924	35.14
US4601461035	Sale	90	35.18
US4601461035	Sale	145	35.17
US4601461035	Sale	978	34.65
US4601461035	Sale	52	35.31
US4601461035	Sale	1,106	34.66
US4601461035	Sale	2	35.23
US4601461035	Purchase	42	34.74
US4601461035	Sale	1,662	34.74
US4601461035	Purchase	7	35.49
US4601461035	Sale	75	35.49
US4601461035	Purchase	1	34.69
US4601461035	Sale	9	34.69
US4601461035	Purchase	30	35.50
US4601461035	Sale	88	35.50
US4601461035	Sale	15	34.78
US4601461035	Sale	3	35.27
US4601461035	Sale	69	35.13
US4601461035	Sale	92	34.57
US4601461035	Sale	1	34.58
US4601461035	Sale	127	34.61
US4601461035	Sale	21	35.51
US4601461035	Sale	1	34.56
US4601461035	Sale	87	35.11
US4601461035	Sale	146	34.55
US4601461035	Purchase	22,051	35.28
US4601461035	Sale	9,328	35.28
US4601461035	Purchase	400	35.03
US4601461035	Purchase	2,189	35.40
US4601461035	Purchase	779	34.80
US4601461035	Purchase	34	35.01
US4601461035	Purchase	968	34.88
US4601461035	Purchase	520	34.79
US4601461035	Purchase	101	34.93
US4601461035	Purchase	400	35.33
US4601461035	Purchase	309	34.82
US4601461035	Purchase	258	34.81
US4601461035	Purchase	1,378	35.35
US4601461035	Purchase	224	35.00
US4601461035	Purchase	550	34.83
US4601461035	Purchase	5,954	35.42
US4601461035	Purchase	2,052	35.38
US4601461035	Purchase	650	35.44
US4601461035	Purchase	108	35.22
US4601461035	Purchase	200	34.62
US4601461035	Purchase	1,442	35.36
US4601461035	Purchase	500	35.09
US4601461035	Purchase	67,837	35.26
US4601461035	Purchase	4,808	35.41
US4601461035	Purchase	382	35.47
US4601461035	Purchase	61	35.16
US4601461035	Purchase	100	35.46
US4601461035	Purchase	3,730	34.94
US4601461035	Purchase	5,099	35.08
US4601461035	Purchase	1,273	34.77
US4601461035	Sale	1,585	34.77
US4601461035	Purchase	186	34.85
US4601461035	Purchase	200	35.32
US4601461035	Purchase	3,215	35.37
US4601461035	Purchase	3,200	35.43
US4601461035	Purchase	215	35.02
US4601461035	Purchase	100	35.19
US4601461035	Purchase	9,862	35.29
US4601461035	Sale	44,975	34.95
US4601461035	Purchase	328	34.92
US4601461035	Purchase	1,626	35.48
US4601461035	Purchase	300	35.30
US4601461035	Purchase	5,395	35.34
US4601461035	Purchase	127	34.90
US4601461035	Purchase	219	34.99
US4601461035	Purchase	104	35.06
US4601461035	Purchase	3,078	35.45
US4601461035	Purchase	100	35.05
US4601461035	Purchase	900	35.25
US4601461035	Purchase	1,410	34.91
US4601461035	Purchase	419	34.84
US4601461035	Purchase	400	35.20
US4601461035	Purchase	300	35.14
US4601461035	Purchase	400	35.31
US4601461035	Purchase	200	35.49
US4601461035	Purchase	25	35.50
US4601461035	Purchase	7	34.78
US4601461035	Purchase	9,027	35.39
US4601461035	Purchase	3,828	35.27
US4601461035	Purchase	520	35.28
US4601461035	Sale	25	35.28
US4601461035	Sale	31	35.40
US4601461035	Purchase	2	34.81
US4601461035	Sale	1	35.42
US4601461035	Sale	4	35.38
US4601461035	Sale	10	35.44
US4601461035	Sale	16	35.41
US4601461035	Purchase	24	34.75
US4601461035	Purchase	3,606	35.24
US4601461035	Sale	3	35.29
US4601461035	Purchase	62	35.23
US4601461035	Purchase	227	35.28
US4601461035	Sale	140	35.28
US4601461035	Purchase	3,107	35.28
US4601461035	Sale	386	35.28
US4601461035	Sale	200	34.80
US4601461035	Sale	6	34.73
US4601461035	Sale	24	34.75
US4601461035	Sale	200	34.94
US4601461035	Sale	6	34.77
US4601461035	Sale	3,606	35.24
US4601461035	Sale	100	34.86
US4601461035	Sale	168	34.90
US4601461035	Sale	12	35.06
US4601461035	Sale	1	35.05
US4601461035	Sale	6	35.20
US4601461035	Sale	6	35.18
US4601461035	Sale	400	34.78
US4601461035	Purchase	9,328	35.28
US4601461035	Sale	1,001	34.97
US4601461035	Purchase	6,145	35.28
US4601461035	Sale	548	34.96
US4601461035	Sale	2,314	35.40
US4601461035	Sale	736	35.01
US4601461035	Purchase	1,770	34.98
US4601461035	Sale	784	35.41
US4601461035	Sale	2,434	35.15
US4601461035	Sale	2	34.76
US4601461035	Sale	28,148	35.12
US4601461035	Sale	188	35.43
US4601461035	Purchase	134	35.04
US4601461035	Sale	4,772	35.24
US4601461035	Purchase	1	35.29
US4601461035	Purchase	720	34.86
US4601461035	Sale	254	34.86
US4601461035	Purchase	240	34.90
US4601461035	Sale	120	35.06
US4601461035	Sale	36	35.21
US4601461035	Sale	540	35.20
US4601461035	Sale	3,760	35.17
US4601461035	Purchase	6	35.31
US4601461035	Sale	535	35.10

(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		Increasing a long position		110		35.02 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

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit (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?

NO

Date of disclosure:		2nd May 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	800	32.50	American	1/17/2025
US4601461035	Call Option	Purchased	800	35.00	American	6/21/2024
US4601461035	Call Option	Purchased	250,000	40.00	American	10/18/2024
US4601461035	Call Option	Written	250,000	45.00	American	10/18/2024
US4601461035	Put Option	Purchased	1,200	45.00	American	7/19/2024
US4601461035	Put Option	Purchased	27,000	45.00	American	7/19/2024
US4601461035	Call Option	Purchased	25,000	45.00	American	5/17/2025
US4601461035	Put Option	Purchased	26,700	45.00	American	5/17/2025

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 +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/20240502517181/en/

Contacts

Millennium Partners, L.P.