Form 8.3 - International Paper Company

LONDON, April 24, 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		23rd 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

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:		768,624		0.221%		1,444,957		0.416%
(2) Cash-settled derivatives:		3,251		0.001%		247,031		0.071%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		302,400		0.087%		279,500		0.080%
TOTAL:		1,074,275		0.309%		1,971,488		0.568%

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	7	34.35
US4601461035	Sale	114	34.36
US4601461035	Purchase	301	34.41
US4601461035	Sale	29	34.38
US4601461035	Sale	3	34.31
US4601461035	Sale	1	34.32
US4601461035	Sale	56	34.26
US4601461035	Sale	28	34.43
US4601461035	Sale	2	34.29
US4601461035	Sale	3	34.27
US4601461035	Sale	1	34.22
US4601461035	Sale	1	33.83
US4601461035	Sale	56	34.28
US4601461035	Purchase	78,779	34.41
US4601461035	Purchase	4,128	34.41
US4601461035	Purchase	4,420	34.41
US4601461035	Purchase	110	34.39
US4601461035	Sale	13,187	34.39
US4601461035	Purchase	13,898	34.35
US4601461035	Sale	11,946	34.35
US4601461035	Purchase	3	34.33
US4601461035	Sale	16,747	34.33
US4601461035	Purchase	8,099	34.37
US4601461035	Sale	8,490	34.37
US4601461035	Purchase	212	34.34
US4601461035	Sale	6,972	34.34
US4601461035	Purchase	38	34.36
US4601461035	Sale	4,287	34.36
US4601461035	Sale	3,845	34.40
US4601461035	Purchase	2,258	34.41
US4601461035	Sale	32,423	34.41
US4601461035	Purchase	5	34.38
US4601461035	Sale	3,011	34.38
US4601461035	Sale	13	34.42
US4601461035	Sale	30	34.31
US4601461035	Purchase	9	34.32
US4601461035	Sale	256	34.32
US4601461035	Sale	39	34.29
US4601461035	Purchase	405	34.30
US4601461035	Sale	4	34.30
US4601461035	Purchase	55	34.24
US4601461035	Purchase	45	34.27
US4601461035	Purchase	64	34.39
US4601461035	Purchase	34	34.35
US4601461035	Sale	12	34.35
US4601461035	Purchase	10	34.37
US4601461035	Purchase	10	34.34
US4601461035	Sale	1	34.34
US4601461035	Purchase	469	34.36
US4601461035	Purchase	7	34.40
US4601461035	Purchase	18	34.41
US4601461035	Sale	918	34.41
US4601461035	Purchase	26	34.38
US4601461035	Purchase	266	34.42
US4601461035	Purchase	101	34.31
US4601461035	Purchase	1	34.26
US4601461035	Purchase	186	34.43
US4601461035	Purchase	43	34.45
US4601461035	Purchase	20	34.44
US4601461035	Purchase	35	34.29
US4601461035	Purchase	706	34.30
US4601461035	Purchase	42	34.27
US4601461035	Purchase	11	34.28
US4601461035	Purchase	22	34.46
US4601461035	Purchase	2,193	34.39
US4601461035	Purchase	12,973	34.35
US4601461035	Purchase	12,451	34.33
US4601461035	Sale	3	34.33
US4601461035	Purchase	22,027	34.37
US4601461035	Purchase	13,568	34.34
US4601461035	Purchase	15,516	34.36
US4601461035	Purchase	114	34.40
US4601461035	Purchase	1,260	34.41
US4601461035	Sale	5,300	34.41
US4601461035	Purchase	4,931	34.38
US4601461035	Purchase	16	34.42
US4601461035	Purchase	1,995	34.31
US4601461035	Purchase	969	34.32
US4601461035	Purchase	1,609	34.26
US4601461035	Purchase	403	34.43
US4601461035	Purchase	3	34.45
US4601461035	Sale	815	33.92
US4601461035	Purchase	100	33.94
US4601461035	Purchase	4,386	34.29
US4601461035	Purchase	1,100	34.30
US4601461035	Purchase	340	34.27
US4601461035	Purchase	6	34.22
US4601461035	Purchase	495	33.96
US4601461035	Purchase	10	34.25
US4601461035	Purchase	200	33.82
US4601461035	Purchase	1,605	34.28
US4601461035	Purchase	119	34.01
US4601461035	Purchase	105	33.81
US4601461035	Purchase	2,035	33.98
US4601461035	Purchase	100	34.02
US4601461035	Purchase	1,126	33.95
US4601461035	Purchase	191	34.03
US4601461035	Purchase	92	34.10
US4601461035	Sale	768	34.39
US4601461035	Sale	11,512	34.35
US4601461035	Purchase	47	34.33
US4601461035	Sale	2,723	34.33
US4601461035	Purchase	38	34.37
US4601461035	Sale	616	34.37
US4601461035	Sale	1,012	34.34
US4601461035	Purchase	7	34.36
US4601461035	Sale	4,161	34.36
US4601461035	Purchase	387	34.40
US4601461035	Sale	3,852	34.40
US4601461035	Purchase	105	34.41
US4601461035	Sale	80,163	34.41
US4601461035	Purchase	158	34.38
US4601461035	Sale	4,606	34.38
US4601461035	Purchase	40	34.42
US4601461035	Sale	22	34.42
US4601461035	Purchase	378	34.31
US4601461035	Sale	323	34.31
US4601461035	Purchase	13	34.32
US4601461035	Sale	2,693	34.32
US4601461035	Purchase	44	34.26
US4601461035	Sale	300	34.26
US4601461035	Sale	100	33.84
US4601461035	Purchase	5	34.43
US4601461035	Purchase	53	34.45
US4601461035	Sale	152	34.45
US4601461035	Sale	353	34.44
US4601461035	Purchase	1,671	33.92
US4601461035	Sale	142	33.92
US4601461035	Sale	38	34.17
US4601461035	Purchase	168	33.94
US4601461035	Sale	99	34.13
US4601461035	Sale	161	34.29
US4601461035	Purchase	73	34.30
US4601461035	Sale	563	34.30
US4601461035	Purchase	278	34.24
US4601461035	Sale	46	34.24
US4601461035	Purchase	27	34.27
US4601461035	Sale	875	34.27
US4601461035	Purchase	2,679	34.23
US4601461035	Purchase	354	34.21
US4601461035	Sale	99	34.21
US4601461035	Purchase	655	34.22
US4601461035	Sale	152	34.22
US4601461035	Purchase	53	34.47
US4601461035	Sale	4	34.47
US4601461035	Sale	100	34.19
US4601461035	Purchase	361	33.96
US4601461035	Sale	100	33.96
US4601461035	Purchase	1,171	34.16
US4601461035	Sale	100	34.16
US4601461035	Purchase	219	34.25
US4601461035	Sale	499	34.28
US4601461035	Purchase	111	34.46
US4601461035	Sale	118	34.46
US4601461035	Sale	400	34.05
US4601461035	Purchase	7	34.20
US4601461035	Purchase	1	34.18
US4601461035	Purchase	737	33.97
US4601461035	Purchase	24	33.90
US4601461035	Sale	1	34.02
US4601461035	Purchase	9	33.86
US4601461035	Sale	100	33.86
US4601461035	Purchase	100	34.00
US4601461035	Sale	100	34.00
US4601461035	Sale	400	34.14
US4601461035	Sale	4,295	34.39
US4601461035	Sale	8,075	34.35
US4601461035	Sale	1,474	34.33
US4601461035	Sale	600	33.85
US4601461035	Purchase	22	34.37
US4601461035	Sale	9,525	34.37
US4601461035	Sale	2,010	34.34
US4601461035	Sale	13,828	34.36
US4601461035	Purchase	21	34.40
US4601461035	Sale	9,072	34.40
US4601461035	Purchase	11	34.41
US4601461035	Sale	95,310	34.41
US4601461035	Purchase	3	34.38
US4601461035	Sale	4,271	34.38
US4601461035	Sale	4,860	34.42
US4601461035	Sale	6,378	34.31
US4601461035	Purchase	121	34.32
US4601461035	Sale	19,164	34.32
US4601461035	Sale	643	34.26
US4601461035	Sale	9,266	33.84
US4601461035	Purchase	88	34.43
US4601461035	Sale	3,952	34.43
US4601461035	Purchase	13	34.45
US4601461035	Sale	107	34.45
US4601461035	Purchase	78	34.44
US4601461035	Sale	676	34.44
US4601461035	Sale	1,789	33.92
US4601461035	Purchase	1	34.17
US4601461035	Sale	600	33.94
US4601461035	Sale	2,524	34.29
US4601461035	Sale	283	34.30
US4601461035	Sale	38	34.24
US4601461035	Sale	436	34.27
US4601461035	Sale	214	34.23
US4601461035	Sale	300	34.21
US4601461035	Sale	30	34.22
US4601461035	Purchase	1	34.19
US4601461035	Sale	9	34.19
US4601461035	Sale	5,428	33.96
US4601461035	Sale	529	33.99
US4601461035	Sale	1,238	34.25
US4601461035	Sale	2,418	33.83
US4601461035	Sale	3,666	33.82
US4601461035	Sale	1,235	34.28
US4601461035	Sale	400	33.91
US4601461035	Sale	4,160	33.87
US4601461035	Sale	24	34.15
US4601461035	Sale	2,403	33.80
US4601461035	Sale	1,000	33.93
US4601461035	Sale	46	34.05
US4601461035	Sale	950	33.75
US4601461035	Sale	2,637	33.88
US4601461035	Sale	1,236	33.74
US4601461035	Sale	735	33.81
US4601461035	Sale	577	33.78
US4601461035	Purchase	1	34.18
US4601461035	Sale	26	34.18
US4601461035	Sale	3,000	33.89
US4601461035	Sale	5,016	33.97
US4601461035	Sale	491	33.71
US4601461035	Sale	3,537	33.90
US4601461035	Sale	1,101	33.86
US4601461035	Sale	71	34.55
US4601461035	Sale	303	33.79
US4601461035	Sale	304	33.95
US4601461035	Sale	2	34.61
US4601461035	Sale	234	34.04
US4601461035	Purchase	99	34.14
US4601461035	Sale	16,700	33.76
US4601461035	Sale	132	33.77
US4601461035	Sale	50	33.72
US4601461035	Sale	100	34.54
US4601461035	Purchase	13,639	34.41
US4601461035	Purchase	1	34.39
US4601461035	Sale	60	34.39
US4601461035	Purchase	3	34.35
US4601461035	Sale	24	34.35
US4601461035	Sale	35	34.37
US4601461035	Sale	3,703	34.34
US4601461035	Sale	55	34.36
US4601461035	Purchase	4	34.40
US4601461035	Purchase	66	34.41
US4601461035	Sale	192	34.38
US4601461035	Sale	100	34.31
US4601461035	Purchase	7	34.32
US4601461035	Sale	2,159	34.32
US4601461035	Purchase	4	34.43
US4601461035	Purchase	1	34.29
US4601461035	Sale	6	34.29
US4601461035	Sale	200	34.30
US4601461035	Sale	212	34.24
US4601461035	Sale	42	34.27
US4601461035	Sale	551	34.23
US4601461035	Sale	603	34.21
US4601461035	Sale	487	34.22
US4601461035	Sale	238	34.19
US4601461035	Sale	100	33.96
US4601461035	Purchase	11	34.28
US4601461035	Sale	200	34.28
US4601461035	Sale	67	33.87
US4601461035	Sale	380	34.01
US4601461035	Sale	682	34.20
US4601461035	Sale	1	33.88
US4601461035	Sale	140	34.18
US4601461035	Sale	57	34.07
US4601461035	Purchase	174	34.41
US4601461035	Sale	349	34.41
US4601461035	Sale	4	34.24
US4601461035	Sale	51	34.23
US4601461035	Purchase	4,551	34.41
US4601461035	Sale	128	34.35
US4601461035	Sale	80	34.37
US4601461035	Purchase	2,568	34.34
US4601461035	Sale	2,123	34.34
US4601461035	Sale	1,720	34.36
US4601461035	Sale	570	34.40
US4601461035	Purchase	2,698	34.41
US4601461035	Sale	846	34.41
US4601461035	Purchase	9	34.38
US4601461035	Purchase	75	34.31
US4601461035	Sale	1,441	34.29
US4601461035	Purchase	480	34.21
US4601461035	Purchase	189	34.25
US4601461035	Sale	40	34.28
US4601461035	Purchase	78	33.98

(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		1,504		34.21 USD
US4601461035		Equity Swap		Opening a long position		540		34.13 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:		24th 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	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/20240424019920/en/

Contacts

Millennium Partners, L.P.