Form 8.3 - International Paper Company

Barclays PLC
10 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)

Full name of discloser:

 

Barclays PLC.

(b)

Owner or controller of interest and short

 

 

positions disclosed, if different from 1(a):

(c)

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER COMPANY

 

relevant securities this form relates:

(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:

09 Sep 2024

(f)

In addition to the company in 1(c) above, is the discloser making

YES:

 

 

 

disclosures in respect of any other party to the offer?

DS SMITH PLC

 

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:

common stock

 

Interests

Short Positions

 

Number

(%)

Number

(%)

(1)

Relevant securities owned

 

 

 

 

 

and/or controlled:

 

 

831,880

0.24%

504,854

0.15%

(2)

Cash-settled derivatives:

 

 

 

 

 

and/or controlled:

 

 

379,406

0.11%

0

0.00%

(3)

Stock-settled derivatives (including options)

 

 

 

 

 

and agreements to purchase/sell:

 

 

123,800

0.04%

0

0.00%

 

 

 

 

 

 

 

 

 

TOTAL:

 

 

1,335,086

0.38%

504,854

0.15%

(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:

 

 

 

 

3.

DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a)

Purchases and sales

 

 

 

 

 

Class of relevant

Purchase/sale

Number of

Price per unit

security

 

securities

 

common stock

Purchase

57,989

47.6228  USD

common stock

Purchase

53,955

47.4722  USD

common stock

Purchase

18,091

47.3719  USD

common stock

Purchase

16,747

47.6088  USD

common stock

Purchase

12,691

47.6100  USD

common stock

Purchase

9,058

47.4627  USD

common stock

Purchase

8,990

47.6180  USD

common stock

Purchase

8,127

47.6236  USD

common stock

Purchase

7,800

47.5900  USD

common stock

Purchase

6,357

47.6294  USD

common stock

Purchase

4,232

47.0600  USD

common stock

Purchase

3,576

47.4688  USD

common stock

Purchase

3,395

47.5290  USD

common stock

Purchase

2,320

47.5314  USD

common stock

Purchase

1,881

47.5014  USD

common stock

Purchase

1,881

47.5015  USD

common stock

Purchase

1,142

47.6449  USD

common stock

Purchase

1,060

47.4046  USD

common stock

Purchase

1,051

47.5819  USD

common stock

Purchase

760

47.4163  USD

common stock

Purchase

544

47.4921  USD

common stock

Purchase

466

47.5478  USD

common stock

Purchase

447

47.4869  USD

common stock

Purchase

332

47.5697  USD

common stock

Purchase

300

47.7683  USD

common stock

Purchase

300

47.7733  USD

common stock

Purchase

253

47.4800  USD

common stock

Purchase

196

47.5562  USD

common stock

Purchase

111

47.6000  USD

common stock

Purchase

103

47.4593  USD

common stock

Purchase

95

47.5468  USD

common stock

Purchase

40

47.2000  USD

common stock

Purchase

27

47.5051  USD

common stock

Purchase

21

47.5504  USD

common stock

Purchase

14

47.5150  USD

common stock

Purchase

3

47.8200  USD

common stock

Purchase

1

47.5700  USD

common stock

Sale

66,565

47.4453  USD

common stock

Sale

28,328

47.6100  USD

common stock

Sale

22,428

47.6485  USD

common stock

Sale

15,978

47.6076  USD

common stock

Sale

13,145

47.6097  USD

common stock

Sale

7,800

47.5900  USD

common stock

Sale

7,561

47.4597  USD

common stock

Sale

6,127

47.4435  USD

common stock

Sale

4,699

47.6105  USD

common stock

Sale

4,490

47.5826  USD

common stock

Sale

4,370

47.6201  USD

common stock

Sale

4,232

47.0600  USD

common stock

Sale

4,197

47.6644  USD

common stock

Sale

4,171

47.5885  USD

common stock

Sale

3,660

47.6045  USD

common stock

Sale

3,407

47.5359  USD

common stock

Sale

1,931

47.5247  USD

common stock

Sale

1,881

47.5014  USD

common stock

Sale

1,393

47.4703  USD

common stock

Sale

1,308

47.6220  USD

common stock

Sale

1,160

47.5314  USD

common stock

Sale

898

47.5193  USD

common stock

Sale

729

47.4902  USD

common stock

Sale

700

47.5007  USD

common stock

Sale

700

47.5121  USD

common stock

Sale

626

47.5036  USD

common stock

Sale

555

47.5000  USD

common stock

Sale

543

47.5414  USD

common stock

Sale

466

47.5478  USD

common stock

Sale

451

47.5833  USD

common stock

Sale

372

47.6576  USD

common stock

Sale

335

47.6810  USD

common stock

Sale

300

47.7683  USD

common stock

Sale

300

47.7733  USD

common stock

Sale

284

47.4145  USD

common stock

Sale

284

47.4392  USD

common stock

Sale

258

47.4800  USD

common stock

Sale

227

47.5415  USD

common stock

Sale

220

47.4100  USD

common stock

Sale

215

47.4946  USD

common stock

Sale

147

47.3857  USD

common stock

Sale

144

47.7662  USD

common stock

Sale

124

47.6046  USD

common stock

Sale

105

47.5814  USD

common stock

Sale

103

47.4593  USD

common stock

Sale

100

47.5200  USD

common stock

Sale

100

47.5550  USD

common stock

Sale

100

47.5700  USD

common stock

Sale

96

47.5575  USD

common stock

Sale

91

47.4285  USD

common stock

Sale

32

47.5500  USD

common stock

Sale

14

47.5150  USD

common stock

Sale

10

47.3000  USD

common stock

Sale

5

47.6200  USD

common stock

Sale

5

47.3500  USD

common stock

Sale

5

47.1900  USD

 

 

 

 

 

 

 

 

(b)

Cash-settled derivative transactions

 

Class of

Product

Nature of dealing

Number of

Price per

relevant

description

 

reference

unit

security

 

 

securities

 

common stock

SWAP

Increasing Long

140

47.6075  USD

common stock

SWAP

Decreasing Long

2,053

47.6124  USD

 

 

 

 

 

 

 

 

(c)

Stock-settled derivative transactions (including options)

 

(i)

Writing, selling, purchasing or varying

 

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

 

date

money

relevant

 

selling,

securities

per unit

 

 

paid/

security

 

varying etc

to which

 

 

 

received

 

 

 

option

 

 

 

per unit

 

 

 

relates

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(ii)

Exercising

 

 

 

 

 

 

Class of relevant

Product description

Exercising/ exercised against

Number of

Exercise price per

security

 

 

securities

unit

 

 

 

 

 

 

 

 

 

 

 

 

 

(d)

Other dealings (including subscribing for new securities)

 

Class of relevant

Nature of Dealings

Details

Price per unit (if

security

 

 

applicable)

 

 

 

 

4.

OTHER INFORMATION

(a)

Indemnity and other dealings 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 exempt principal trader making the disclosure and any party

 

to the offer or any person acting in concert with a party to the offer:

 

 

 

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 of future acquisition or disposal of any relevant securities to which

 

 

any derivative is referenced:

 

 

 

 

 

 

NONE

(c)

Attachments

 

 

 

 

 

 

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:

10 Sep 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO

PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1.

KEY INFORMATION

Identity of the person whose positions/dealings

Barclays PLC.

are being disclosed:

Name of offeror/offeree in relation to whose

INTERNATIONAL PAPER CO

relevant securities this from relates:

 

 

 

 

 

 

 

 

2.

OPTIONS AND DERIVATIVES

Class of relevant security

Product description

Writing, purchasing, selling, varying etc

Number of securities to which option relates

Exercise price per unit

Type

Expiry date

common stock

Put Options

Written

123,800

45.0000

American

20 Sep 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:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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