Form 8.3 - International Paper Company

LONDON, June 14, 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		13th June 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:		1,662,904		0.479%		1,522,740		0.438%
(2) Cash-settled derivatives:		328		0.000%		523,926		0.151%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		847,000		0.244%		2,800		0.001%
TOTAL:		2,510,232		0.723%		2,049,466		0.590%

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	346	45.25
US4601461035	Sale	26	45.25
US4601461035	Purchase	1,235	45.21
US4601461035	Purchase	486	45.20
US4601461035	Sale	229	45.45
US4601461035	Sale	1,161	45.35
US4601461035	Purchase	574	45.15
US4601461035	Purchase	255	45.26
US4601461035	Sale	16	45.18
US4601461035	Purchase	270	45.19
US4601461035	Sale	179	45.19
US4601461035	Purchase	598	45.16
US4601461035	Purchase	90	45.24
US4601461035	Sale	2,243	45.47
US4601461035	Sale	20	45.25
US4601461035	Sale	21	45.20
US4601461035	Sale	1	44.93
US4601461035	Sale	9	44.89
US4601461035	Purchase	111	45.45
US4601461035	Sale	86	45.45
US4601461035	Sale	31,086	45.35
US4601461035	Sale	31	44.84
US4601461035	Sale	2	45.28
US4601461035	Sale	3	45.15
US4601461035	Sale	1	45.29
US4601461035	Purchase	6	45.42
US4601461035	Sale	1	44.86
US4601461035	Purchase	296	45.58
US4601461035	Sale	5	45.23
US4601461035	Sale	1	45.07
US4601461035	Sale	2	45.17
US4601461035	Sale	81	45.18
US4601461035	Sale	6	45.16
US4601461035	Sale	2	45.24
US4601461035	Purchase	8	45.37
US4601461035	Purchase	2	45.33
US4601461035	Sale	1	45.33
US4601461035	Sale	2	44.80
US4601461035	Purchase	23	45.43
US4601461035	Sale	22	45.27
US4601461035	Purchase	2,455	45.47
US4601461035	Purchase	46	45.39
US4601461035	Sale	1	45.22
US4601461035	Purchase	400	45.49
US4601461035	Purchase	2,004	45.44
US4601461035	Purchase	296	45.48
US4601461035	Purchase	106	45.52
US4601461035	Purchase	402	45.53
US4601461035	Purchase	1,212	45.51
US4601461035	Purchase	2	45.41
US4601461035	Purchase	115	45.55
US4601461035	Purchase	978	45.50
US4601461035	Purchase	305	45.60
US4601461035	Purchase	567	45.56
US4601461035	Purchase	489	45.46
US4601461035	Purchase	2,636	45.54
US4601461035	Sale	1	45.13
US4601461035	Purchase	64	45.57
US4601461035	Purchase	12	45.38
US4601461035	Purchase	6	45.36
US4601461035	Sale	8	45.14
US4601461035	Sale	1	45.31
US4601461035	Sale	101	45.21
US4601461035	Sale	1,053	45.34
US4601461035	Purchase	2,271	44.93
US4601461035	Sale	5,457	45.45
US4601461035	Sale	10,133	45.35
US4601461035	Sale	209	45.28
US4601461035	Sale	355	45.15
US4601461035	Sale	666	45.26
US4601461035	Sale	100	45.29
US4601461035	Sale	1,303	45.42
US4601461035	Sale	5	45.17
US4601461035	Sale	121	45.18
US4601461035	Sale	515	45.16
US4601461035	Sale	7,299	45.37
US4601461035	Sale	264	45.27
US4601461035	Sale	13,281	45.47
US4601461035	Sale	3,158	45.39
US4601461035	Sale	1,692	45.49
US4601461035	Sale	9,518	45.44
US4601461035	Sale	520	45.48
US4601461035	Sale	212	45.40
US4601461035	Sale	3,316	45.52
US4601461035	Sale	296	45.53
US4601461035	Sale	100	45.51
US4601461035	Sale	20	45.62
US4601461035	Sale	100	45.64
US4601461035	Sale	5,233	45.41
US4601461035	Sale	1,205	45.55
US4601461035	Sale	2,458	45.50
US4601461035	Sale	5	45.60
US4601461035	Sale	293	45.56
US4601461035	Sale	3,797	45.46
US4601461035	Sale	2,184	45.54
US4601461035	Sale	1	45.71
US4601461035	Sale	1	45.38
US4601461035	Sale	1,859	45.36
US4601461035	Sale	300	45.61
US4601461035	Sale	159	45.89
US4601461035	Purchase	325	45.25
US4601461035	Purchase	76	45.21
US4601461035	Sale	6	45.21
US4601461035	Sale	79	45.20
US4601461035	Purchase	26	44.77
US4601461035	Sale	166	45.12
US4601461035	Purchase	1,349	45.34
US4601461035	Sale	119	45.34
US4601461035	Sale	612	44.93
US4601461035	Purchase	3	45.45
US4601461035	Sale	1,122	45.45
US4601461035	Purchase	33,153	45.35
US4601461035	Sale	31,924	45.35
US4601461035	Sale	44	45.28
US4601461035	Purchase	168	45.29
US4601461035	Sale	29	45.29
US4601461035	Purchase	962	45.42
US4601461035	Sale	362	45.42
US4601461035	Purchase	34	45.58
US4601461035	Sale	264	45.58
US4601461035	Purchase	37	44.74
US4601461035	Purchase	1,155	45.23
US4601461035	Sale	264	45.23
US4601461035	Purchase	1	45.07
US4601461035	Sale	1,744	45.17
US4601461035	Purchase	190	45.18
US4601461035	Sale	3,977	45.18
US4601461035	Purchase	1,041	45.19
US4601461035	Sale	809	45.19
US4601461035	Purchase	92	45.16
US4601461035	Sale	14	45.16
US4601461035	Purchase	773	45.37
US4601461035	Purchase	611	45.33
US4601461035	Sale	241	45.33
US4601461035	Purchase	14	45.32
US4601461035	Purchase	320	45.43
US4601461035	Sale	26	45.43
US4601461035	Purchase	33	45.27
US4601461035	Sale	104	45.27
US4601461035	Purchase	36	45.47
US4601461035	Sale	51	45.47
US4601461035	Purchase	632	45.39
US4601461035	Sale	226	45.39
US4601461035	Purchase	2	45.08
US4601461035	Purchase	141	45.22
US4601461035	Sale	16	45.49
US4601461035	Purchase	300	45.44
US4601461035	Sale	196	45.44
US4601461035	Sale	272	45.48
US4601461035	Purchase	275	45.40
US4601461035	Sale	100	45.40
US4601461035	Purchase	30	45.52
US4601461035	Sale	226	45.52
US4601461035	Purchase	285	45.53
US4601461035	Sale	662	45.53
US4601461035	Sale	248	45.51
US4601461035	Sale	1	45.62
US4601461035	Sale	91	45.64
US4601461035	Purchase	340	45.41
US4601461035	Sale	376	45.41
US4601461035	Purchase	290	45.55
US4601461035	Sale	14	45.55
US4601461035	Sale	373	45.50
US4601461035	Purchase	8	45.59
US4601461035	Sale	6	45.59
US4601461035	Purchase	17	45.60
US4601461035	Sale	25	45.60
US4601461035	Sale	400	45.56
US4601461035	Purchase	2,133	45.46
US4601461035	Sale	38	45.46
US4601461035	Purchase	17	45.54
US4601461035	Sale	503	45.54
US4601461035	Purchase	26	45.57
US4601461035	Sale	231	45.57
US4601461035	Purchase	7	45.30
US4601461035	Sale	88	45.30
US4601461035	Sale	82	45.04
US4601461035	Sale	5	45.77
US4601461035	Purchase	180	45.02
US4601461035	Sale	11	45.87
US4601461035	Purchase	100	45.06
US4601461035	Purchase	934	45.38
US4601461035	Sale	53	45.38
US4601461035	Purchase	235	45.36
US4601461035	Sale	11	45.65
US4601461035	Sale	24	45.61
US4601461035	Sale	78	45.14
US4601461035	Sale	10	45.69
US4601461035	Sale	21	45.31
US4601461035	Sale	6	45.74
US4601461035	Sale	1	45.63
US4601461035	Sale	76	45.21
US4601461035	Sale	3	44.93
US4601461035	Purchase	765	45.45
US4601461035	Purchase	25,779	45.35
US4601461035	Sale	99	45.35
US4601461035	Sale	100	45.28
US4601461035	Purchase	1	45.42
US4601461035	Sale	51	45.42
US4601461035	Purchase	1,156	45.58
US4601461035	Purchase	20	45.37
US4601461035	Purchase	20	45.33
US4601461035	Purchase	7	45.43
US4601461035	Purchase	667	45.47
US4601461035	Sale	203	45.47
US4601461035	Purchase	7	45.39
US4601461035	Sale	51	45.39
US4601461035	Purchase	363	45.49
US4601461035	Purchase	124	45.44
US4601461035	Sale	176	45.44
US4601461035	Purchase	435	45.48
US4601461035	Purchase	10,791	45.52
US4601461035	Sale	33	45.52
US4601461035	Purchase	8,891	45.53
US4601461035	Purchase	5,552	45.51
US4601461035	Sale	13	45.51
US4601461035	Purchase	1,800	45.62
US4601461035	Purchase	1,399	45.64
US4601461035	Sale	674	45.64
US4601461035	Purchase	4,175	45.55
US4601461035	Sale	6	45.55
US4601461035	Purchase	1,725	45.50
US4601461035	Sale	185	45.50
US4601461035	Purchase	721	45.59
US4601461035	Purchase	152	45.60
US4601461035	Purchase	3,409	45.56
US4601461035	Purchase	100	45.46
US4601461035	Sale	39	45.46
US4601461035	Purchase	2,385	45.54
US4601461035	Sale	200	45.68
US4601461035	Purchase	2,052	45.57
US4601461035	Purchase	199	45.75
US4601461035	Purchase	8,900	45.65
US4601461035	Sale	1,426	45.65
US4601461035	Purchase	500	45.61
US4601461035	Purchase	100	45.90
US4601461035	Sale	7	45.85
US4601461035	Purchase	1,450	45.63
US4601461035	Sale	300	45.72
US4601461035	Sale	6,000	45.92
US4601461035	Sale	28,878	45.35
US4601461035	Sale	22,469	45.35
US4601461035	Purchase	12	45.20
US4601461035	Purchase	33	45.34
US4601461035	Purchase	11,486	45.35
US4601461035	Purchase	42	45.23
US4601461035	Purchase	2	45.18
US4601461035	Purchase	29	45.19
US4601461035	Purchase	23	45.11
US4601461035	Purchase	1,394	45.48
US4601461035	Sale	18	45.20
US4601461035	Sale	21	45.34
US4601461035	Sale	298	45.45
US4601461035	Purchase	1,293	45.35
US4601461035	Sale	403	45.35
US4601461035	Sale	42	45.23
US4601461035	Sale	100	45.24
US4601461035	Sale	12	45.37
US4601461035	Sale	47	45.33
US4601461035	Sale	2,116	45.48
US4601461035	Sale	136	45.46
US4601461035	Sale	490	45.30
US4601461035	Purchase	11	45.21
US4601461035	Purchase	627	45.20
US4601461035	Purchase	100	45.34
US4601461035	Purchase	626	44.93
US4601461035	Sale	3,100	45.35
US4601461035	Purchase	3	45.28
US4601461035	Purchase	100	45.23
US4601461035	Purchase	305	45.18
US4601461035	Purchase	200	45.24
US4601461035	Purchase	100	45.27
US4601461035	Purchase	946	45.13
US4601461035	Purchase	82	45.04
US4601461035	Sale	118	45.83
US4601461035	Purchase	50	45.45
US4601461035	Sale	40	45.35
US4601461035	Sale	26	45.28
US4601461035	Sale	400	45.82
US4601461035	Purchase	229	45.42
US4601461035	Purchase	446	45.58
US4601461035	Purchase	61	45.37

(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

(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:		14th June 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	Purchased	160,000	42.50	American	9/20/2024
US4601461035	Call Option	Purchased	304,800	42.50	American	6/21/2024
US4601461035	Call Option	Purchased	170,000	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	17,200	45.00	American	9/20/2024
US4601461035	Call Option	Purchased	10,000	50.00	American	9/20/2024
US4601461035	Call Option	Purchased	10,000	47.50	American	9/20/2024
US4601461035	Call Option	Purchased	10,000	45.00	American	6/14/2024

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/20240614839768/en/

Contacts

Millennium Partners, L.P.