Form 8.3 - International Paper Company

LONDON, May 22, 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		21st 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:		2,251,810		0.648%		953,266		0.274%
(2) Cash-settled derivatives:		1,328		0.000%		814,272		0.234%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		1,231,600		0.355%		462,800		0.133%
TOTAL:		3,484,738		1.003%		2,230,338		0.642%

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	Purchase	13,800	41.89
US4601461035	Sale	36	41.89
US4601461035	Sale	2	41.52
US4601461035	Sale	6	41.45
US4601461035	Purchase	1	41.78
US4601461035	Purchase	78	41.38
US4601461035	Purchase	87	41.43
US4601461035	Purchase	400	41.60
US4601461035	Purchase	846	41.71
US4601461035	Purchase	174	41.40
US4601461035	Purchase	956	41.37
US4601461035	Sale	6	41.50
US4601461035	Purchase	13	41.56
US4601461035	Sale	1	41.56
US4601461035	Sale	17	41.54
US4601461035	Sale	1,559	41.89
US4601461035	Sale	2	41.49
US4601461035	Sale	722	41.44
US4601461035	Sale	100	41.39
US4601461035	Sale	102	41.41
US4601461035	Purchase	2	41.40
US4601461035	Sale	198	41.40
US4601461035	Sale	377	41.33
US4601461035	Sale	100	41.37
US4601461035	Purchase	17	41.69
US4601461035	Purchase	2,717	41.47
US4601461035	Sale	10	41.47
US4601461035	Sale	100	41.32
US4601461035	Sale	62	41.92
US4601461035	Sale	20	41.53
US4601461035	Purchase	142	41.68
US4601461035	Purchase	61	41.59
US4601461035	Sale	302	41.80
US4601461035	Sale	6,042	41.89
US4601461035	Sale	1	41.63
US4601461035	Sale	391	41.49
US4601461035	Sale	215	41.72
US4601461035	Sale	947	41.64
US4601461035	Sale	1,586	41.48
US4601461035	Sale	2,691	41.52
US4601461035	Purchase	156	41.73
US4601461035	Sale	76	41.73
US4601461035	Sale	135	41.88
US4601461035	Purchase	608	41.44
US4601461035	Sale	300	41.44
US4601461035	Purchase	300	41.42
US4601461035	Sale	1,516	41.42
US4601461035	Sale	100	41.78
US4601461035	Purchase	105	41.38
US4601461035	Sale	36	41.38
US4601461035	Purchase	10	41.39
US4601461035	Sale	9	41.39
US4601461035	Purchase	10	41.43
US4601461035	Sale	797	41.43
US4601461035	Sale	5,026	41.60
US4601461035	Sale	2,591	41.66
US4601461035	Sale	852	41.65
US4601461035	Sale	700	41.71
US4601461035	Purchase	172	41.40
US4601461035	Sale	80	41.40
US4601461035	Purchase	100	41.37
US4601461035	Sale	155	41.37
US4601461035	Sale	10	41.50
US4601461035	Sale	5,767	41.51
US4601461035	Sale	289	41.69
US4601461035	Sale	123	41.29
US4601461035	Sale	157	41.76
US4601461035	Sale	200	41.35
US4601461035	Sale	911	41.55
US4601461035	Sale	1,462	41.56
US4601461035	Sale	13	41.30
US4601461035	Sale	7,330	41.62
US4601461035	Sale	1,738	41.58
US4601461035	Sale	1,008	41.68
US4601461035	Sale	1,768	41.67
US4601461035	Sale	8,974	41.61
US4601461035	Sale	5	41.70
US4601461035	Sale	5	41.57
US4601461035	Sale	215	41.27
US4601461035	Sale	27,222	41.89
US4601461035	Purchase	2	41.63
US4601461035	Sale	1,200	41.63
US4601461035	Sale	100	41.24
US4601461035	Purchase	7	41.49
US4601461035	Sale	3,560	41.49
US4601461035	Sale	20	41.72
US4601461035	Sale	390	41.83
US4601461035	Purchase	16	41.74
US4601461035	Sale	5	41.74
US4601461035	Purchase	131	41.48
US4601461035	Sale	10	41.48
US4601461035	Sale	482	41.52
US4601461035	Sale	22	41.79
US4601461035	Sale	4,300	41.91
US4601461035	Sale	50	41.90
US4601461035	Sale	200	41.95
US4601461035	Purchase	600	41.73
US4601461035	Sale	2,065	41.73
US4601461035	Sale	786	41.82
US4601461035	Sale	1,959	41.88
US4601461035	Sale	27	41.86
US4601461035	Purchase	133	41.45
US4601461035	Sale	136	41.45
US4601461035	Purchase	67	41.46
US4601461035	Purchase	49	41.44
US4601461035	Sale	38	41.44
US4601461035	Sale	150	41.94
US4601461035	Purchase	61	41.42
US4601461035	Sale	551	41.42
US4601461035	Purchase	149	41.36
US4601461035	Purchase	70	41.38
US4601461035	Sale	338	41.38
US4601461035	Purchase	751	41.39
US4601461035	Sale	243	41.39
US4601461035	Purchase	28	41.43
US4601461035	Sale	269	41.43
US4601461035	Purchase	2	41.66
US4601461035	Sale	677	41.66
US4601461035	Sale	295	41.65
US4601461035	Sale	34	41.71
US4601461035	Purchase	491	41.41
US4601461035	Sale	374	41.41
US4601461035	Purchase	17	41.40
US4601461035	Sale	334	41.40
US4601461035	Purchase	29	41.33
US4601461035	Sale	7	41.33
US4601461035	Purchase	32	41.37
US4601461035	Sale	38	41.37
US4601461035	Sale	4,893	41.50
US4601461035	Sale	400	41.51
US4601461035	Sale	12	41.69
US4601461035	Sale	860	41.77
US4601461035	Sale	74	41.47
US4601461035	Sale	200	41.32
US4601461035	Purchase	2	41.29
US4601461035	Sale	2,319	41.29
US4601461035	Sale	474	41.31
US4601461035	Sale	44	41.76
US4601461035	Sale	11	41.35
US4601461035	Sale	1,500	41.56
US4601461035	Purchase	7	41.53
US4601461035	Sale	438	41.53
US4601461035	Sale	205	41.34
US4601461035	Sale	1,018	41.30
US4601461035	Sale	500	41.25
US4601461035	Purchase	35	41.58
US4601461035	Sale	63	41.68
US4601461035	Purchase	4	41.67
US4601461035	Sale	119	41.61
US4601461035	Sale	1	41.70
US4601461035	Sale	388	41.81
US4601461035	Purchase	1	41.26
US4601461035	Sale	2,178	41.26
US4601461035	Purchase	16	41.54
US4601461035	Sale	65	41.54
US4601461035	Purchase	30	41.59
US4601461035	Sale	335	41.59
US4601461035	Purchase	9	41.57
US4601461035	Purchase	28	41.27
US4601461035	Sale	200	41.27
US4601461035	Purchase	24,116	41.80
US4601461035	Sale	6,103	41.80
US4601461035	Purchase	24,406	41.89
US4601461035	Sale	86,505	41.89
US4601461035	Purchase	90	41.63
US4601461035	Purchase	399	41.49
US4601461035	Sale	300	41.49
US4601461035	Purchase	943	41.72
US4601461035	Sale	100	41.72
US4601461035	Purchase	3,583	41.83
US4601461035	Sale	2,223	41.83
US4601461035	Purchase	397	41.74
US4601461035	Sale	886	41.74
US4601461035	Purchase	1,330	41.64
US4601461035	Sale	300	41.64
US4601461035	Purchase	2,471	41.48
US4601461035	Purchase	1,691	41.52
US4601461035	Sale	301	41.52
US4601461035	Purchase	9,054	41.93
US4601461035	Sale	1,050	41.93
US4601461035	Purchase	114	41.79
US4601461035	Sale	1,423	41.79
US4601461035	Purchase	13,699	41.91
US4601461035	Sale	674	41.91
US4601461035	Purchase	32,405	41.90
US4601461035	Sale	3,502	41.90
US4601461035	Purchase	19,261	41.95
US4601461035	Sale	500	41.95
US4601461035	Purchase	3,388	41.73
US4601461035	Sale	1,214	41.73
US4601461035	Purchase	130,064	42.00
US4601461035	Purchase	233	41.85
US4601461035	Sale	2,022	41.85
US4601461035	Purchase	11,169	41.87
US4601461035	Sale	6,513	41.87
US4601461035	Purchase	2,735	41.82
US4601461035	Sale	300	41.82
US4601461035	Purchase	5,616	41.97
US4601461035	Sale	400	41.97
US4601461035	Purchase	1,950	41.84
US4601461035	Sale	3,800	41.84
US4601461035	Purchase	6,760	41.88
US4601461035	Sale	1,641	41.88
US4601461035	Purchase	497	41.98
US4601461035	Sale	100	41.98
US4601461035	Purchase	1,864	41.86
US4601461035	Sale	7,124	41.86
US4601461035	Purchase	101	41.99
US4601461035	Purchase	3,949	41.45
US4601461035	Sale	100	41.45
US4601461035	Purchase	4,300	41.46
US4601461035	Purchase	1,656	41.44
US4601461035	Purchase	1,678	41.94
US4601461035	Purchase	652	41.42
US4601461035	Sale	248	41.42
US4601461035	Purchase	1,887	41.36
US4601461035	Sale	157	41.36
US4601461035	Purchase	1,361	41.78
US4601461035	Sale	1,581	41.78
US4601461035	Purchase	447	41.38
US4601461035	Sale	100	41.38
US4601461035	Purchase	877	41.39
US4601461035	Sale	763	41.39
US4601461035	Purchase	809	41.43
US4601461035	Purchase	100	41.60
US4601461035	Sale	400	41.60
US4601461035	Purchase	840	41.66
US4601461035	Sale	1,000	41.66
US4601461035	Purchase	100	41.65
US4601461035	Purchase	630	41.71
US4601461035	Sale	846	41.71
US4601461035	Purchase	313	41.41
US4601461035	Sale	566	41.41
US4601461035	Purchase	1,280	41.40
US4601461035	Sale	464	41.40
US4601461035	Purchase	50	41.33
US4601461035	Sale	319	41.33
US4601461035	Purchase	142	41.37
US4601461035	Sale	956	41.37
US4601461035	Purchase	255	41.50
US4601461035	Sale	713	41.50
US4601461035	Purchase	5,006	41.51
US4601461035	Purchase	800	41.96
US4601461035	Sale	79	41.96
US4601461035	Purchase	3,662	41.69
US4601461035	Sale	100	41.69
US4601461035	Purchase	140	41.75
US4601461035	Sale	400	41.75
US4601461035	Purchase	1,786	41.77
US4601461035	Sale	2,250	41.77
US4601461035	Purchase	8,987	41.47
US4601461035	Sale	2,717	41.47
US4601461035	Purchase	30	41.32
US4601461035	Sale	257	41.32
US4601461035	Purchase	369	41.31
US4601461035	Purchase	305	41.76
US4601461035	Sale	479	41.76
US4601461035	Sale	100	41.23
US4601461035	Purchase	930	41.35
US4601461035	Sale	296	41.35
US4601461035	Purchase	462	41.92
US4601461035	Purchase	267	41.56
US4601461035	Sale	80	41.56
US4601461035	Purchase	112	41.53
US4601461035	Sale	665	41.53
US4601461035	Purchase	72	41.34
US4601461035	Sale	648	41.34
US4601461035	Purchase	21	41.28
US4601461035	Sale	299	41.28
US4601461035	Purchase	100	41.30
US4601461035	Sale	1,258	41.30
US4601461035	Purchase	207	41.58
US4601461035	Sale	807	41.58
US4601461035	Purchase	469	41.68
US4601461035	Sale	3,170	41.68
US4601461035	Purchase	1	41.67
US4601461035	Purchase	134	41.70
US4601461035	Sale	30	41.70
US4601461035	Purchase	876	41.81
US4601461035	Sale	100	41.81
US4601461035	Sale	443	41.26
US4601461035	Purchase	856	41.54
US4601461035	Sale	493	41.54
US4601461035	Purchase	16	41.59
US4601461035	Sale	400	41.57
US4601461035	Sale	18	41.89
US4601461035	Sale	600	41.48
US4601461035	Sale	1,000	41.52
US4601461035	Sale	260	41.45
US4601461035	Sale	1,000	41.36
US4601461035	Sale	20	41.38
US4601461035	Sale	2,166	41.39
US4601461035	Sale	7	41.33
US4601461035	Sale	193	41.37
US4601461035	Sale	1,457	41.50
US4601461035	Sale	25	41.32
US4601461035	Sale	93	41.29
US4601461035	Sale	39	41.31
US4601461035	Sale	7	41.23
US4601461035	Sale	1,596	41.35
US4601461035	Sale	1,959	41.56
US4601461035	Sale	2	41.34
US4601461035	Sale	22	41.28
US4601461035	Sale	7	41.30
US4601461035	Sale	7	41.26
US4601461035	Sale	500	41.59
US4601461035	Purchase	23	41.89
US4601461035	Sale	83,400	41.39
US4601461035	Purchase	83,254	41.89
US4601461035	Sale	8,360	41.89
US4601461035	Purchase	2	41.63
US4601461035	Purchase	48	41.24
US4601461035	Sale	52	41.49
US4601461035	Sale	1	41.72
US4601461035	Sale	4,651	41.83
US4601461035	Sale	80	41.74
US4601461035	Sale	40	41.64
US4601461035	Purchase	100	41.48
US4601461035	Sale	20	41.48
US4601461035	Sale	169	41.52

(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 (USD)	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
US4601461035	Call Option	Selling	200,000	42.50	American	6/21/2024
US4601461035	Call Option	Purchased	400	45.00	American	10/18/2024
US4601461035	Call Option	Purchased	83,400	46.00	European	5/24/2024
US4601461035	Put Option	Selling	83,400	46.00	European	5/24/2024

(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?

YES

Date of disclosure:		22nd 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	Put Option	Purchased	800	35.00	American	6/21/2024
US4601461035	Put Option	Purchased	1,200	35.00	American	7/19/2024
US4601461035	Call Option	Purchased	27,000	37.50	American	7/19/2024
US4601461035	Call Option	Written	300,000	50.00	American	10/18/2024
US4601461035	Call Option	Purchased	439,800	42.50	American	6/21/2024
US4601461035	Call Option	Purchased	160,000	40.00	American	7/19/2024
US4601461035	Call Option	Written	160,000	50.00	American	7/19/2024
US4601461035	Call Option	Purchased	300,000	42.50	American	10/18/2024
US4601461035	Put Option	Written	125,000	37.50	American	6/21/2024
US4601461035	Call Option	Purchased	12,200	45.00	American	1/17/2025
US4601461035	Call Option	Purchased	400	45.00	American	10/18/2024
US4601461035	Call Option	Purchased	83,400	46.00	European	5/24/2024
US4601461035	Put Option	Written	83,400	46.00	European	5/24/2024

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/20240522221000/en/

Contacts

Millennium Partners, L.P.