Form 8.3 - International Paper Company

LONDON, April 19, 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		18th 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 and Mondi 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:		839,491		0.242%		1,357,870		0.391%
(2) Cash-settled derivatives:		1,774		0.001%		345,204		0.099%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		257,000		0.074%		361,300		0.104%
TOTAL:		1,098,265		0.316%		2,064,374		0.594%

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	882	35.27
US4601461035	Purchase	140	35.35
US4601461035	Purchase	1,400	35.23
US4601461035	Purchase	728	35.29
US4601461035	Purchase	6,564	35.30
US4601461035	Purchase	1,160	35.32
US4601461035	Purchase	560	35.24
US4601461035	Purchase	2,921	35.26
US4601461035	Sale	1,156	35.26
US4601461035	Purchase	720	35.31
US4601461035	Purchase	160	35.36
US4601461035	Purchase	27	35.37
US4601461035	Sale	1,340	35.38
US4601461035	Sale	600	35.46
US4601461035	Sale	477	35.28
US4601461035	Sale	107	35.61
US4601461035	Sale	22	35.27
US4601461035	Sale	981	35.29
US4601461035	Sale	19	35.30
US4601461035	Sale	649	35.32
US4601461035	Sale	10	35.24
US4601461035	Purchase	3,098	35.26
US4601461035	Sale	152	35.26
US4601461035	Sale	1,265	35.28
US4601461035	Purchase	10,526	35.26
US4601461035	Sale	27,154	35.26
US4601461035	Purchase	21	35.35
US4601461035	Purchase	8	35.23
US4601461035	Sale	2	35.23
US4601461035	Purchase	21	35.29
US4601461035	Sale	10	35.30
US4601461035	Purchase	10	35.32
US4601461035	Sale	1,474	35.32
US4601461035	Purchase	37	35.24
US4601461035	Sale	23,363	35.26
US4601461035	Purchase	34	35.31
US4601461035	Sale	29	35.31
US4601461035	Sale	73	35.36
US4601461035	Purchase	1,034	35.19
US4601461035	Purchase	3,031	35.14
US4601461035	Purchase	4,982	35.20
US4601461035	Purchase	3,023	35.18
US4601461035	Purchase	37	35.28
US4601461035	Sale	204	35.28
US4601461035	Purchase	5,592	35.17
US4601461035	Purchase	7,710	35.16
US4601461035	Purchase	25	35.25
US4601461035	Sale	14	35.25
US4601461035	Purchase	1,100	35.10
US4601461035	Purchase	1,200	35.15
US4601461035	Purchase	9	35.33
US4601461035	Sale	1	35.33
US4601461035	Sale	8	35.39
US4601461035	Purchase	338	35.12
US4601461035	Purchase	25	35.34
US4601461035	Sale	577	35.34
US4601461035	Purchase	2	35.44
US4601461035	Sale	13	35.40
US4601461035	Sale	475	35.49
US4601461035	Purchase	622	35.27
US4601461035	Purchase	10	35.35
US4601461035	Purchase	532	35.23
US4601461035	Purchase	196	35.29
US4601461035	Purchase	216	35.30
US4601461035	Purchase	80	35.32
US4601461035	Purchase	13	35.24
US4601461035	Purchase	14	35.26
US4601461035	Sale	4,951	35.26
US4601461035	Purchase	502	35.31
US4601461035	Purchase	45	35.37
US4601461035	Purchase	36	35.22
US4601461035	Purchase	5	35.20
US4601461035	Purchase	5	35.21
US4601461035	Purchase	501	35.28
US4601461035	Purchase	26	35.25
US4601461035	Purchase	600	35.33
US4601461035	Purchase	1	35.48
US4601461035	Purchase	957	35.34
US4601461035	Purchase	4,839	35.27
US4601461035	Purchase	5,698	35.35
US4601461035	Purchase	15,557	35.29
US4601461035	Purchase	6,520	35.30
US4601461035	Purchase	1,269	35.32
US4601461035	Purchase	1,218	35.24
US4601461035	Purchase	28,357	35.26
US4601461035	Purchase	3,110	35.31
US4601461035	Purchase	5,184	35.36
US4601461035	Purchase	2,563	35.22
US4601461035	Sale	3,012	35.22
US4601461035	Purchase	587	35.38
US4601461035	Purchase	317	35.14
US4601461035	Purchase	1,132	35.20
US4601461035	Purchase	47	35.18
US4601461035	Purchase	100	35.21
US4601461035	Purchase	300	35.46
US4601461035	Purchase	7,412	35.28
US4601461035	Purchase	10,255	35.25
US4601461035	Purchase	189	35.41
US4601461035	Purchase	819	35.33
US4601461035	Purchase	318	35.39
US4601461035	Purchase	371	35.48
US4601461035	Purchase	299	35.43
US4601461035	Purchase	116	35.57
US4601461035	Purchase	7,515	35.34
US4601461035	Purchase	716	35.27
US4601461035	Sale	265	35.27
US4601461035	Purchase	759	35.35
US4601461035	Sale	1,113	35.35
US4601461035	Purchase	1,038	35.23
US4601461035	Sale	364	35.23
US4601461035	Purchase	4,306	35.29
US4601461035	Sale	781	35.29
US4601461035	Purchase	1,713	35.30
US4601461035	Sale	949	35.30
US4601461035	Purchase	1,988	35.32
US4601461035	Sale	679	35.32
US4601461035	Purchase	320	35.24
US4601461035	Sale	282	35.24
US4601461035	Purchase	7,405	35.26
US4601461035	Sale	16,043	35.26
US4601461035	Purchase	485	35.31
US4601461035	Sale	875	35.31
US4601461035	Purchase	1,120	35.36
US4601461035	Sale	352	35.36
US4601461035	Purchase	64	35.37
US4601461035	Sale	3,399	35.37
US4601461035	Purchase	2,548	35.22
US4601461035	Purchase	200	35.38
US4601461035	Purchase	117	35.19
US4601461035	Sale	15	35.19
US4601461035	Purchase	6	35.14
US4601461035	Purchase	39	35.20
US4601461035	Sale	77	35.20
US4601461035	Purchase	43	35.18
US4601461035	Purchase	1,195	35.21
US4601461035	Purchase	100	35.46
US4601461035	Sale	14	35.46
US4601461035	Purchase	1,935	35.28
US4601461035	Sale	217	35.28
US4601461035	Purchase	139	35.16
US4601461035	Purchase	1,872	35.25
US4601461035	Sale	1,692	35.25
US4601461035	Purchase	14	35.11
US4601461035	Purchase	82	35.62
US4601461035	Purchase	14	35.15
US4601461035	Purchase	216	35.41
US4601461035	Sale	55	35.41
US4601461035	Purchase	341	35.33
US4601461035	Sale	265	35.33
US4601461035	Purchase	108	35.39
US4601461035	Sale	1,425	35.39
US4601461035	Purchase	1	35.48
US4601461035	Sale	380	35.48
US4601461035	Purchase	400	35.43
US4601461035	Purchase	827	35.34
US4601461035	Sale	815	35.34
US4601461035	Purchase	131	35.42
US4601461035	Sale	266	35.42
US4601461035	Sale	107	35.44
US4601461035	Sale	14	35.45
US4601461035	Sale	500	35.47
US4601461035	Purchase	1,018	35.40
US4601461035	Sale	1,747	35.40
US4601461035	Purchase	58	35.54
US4601461035	Purchase	7,733	35.27
US4601461035	Sale	301	35.27
US4601461035	Purchase	499	35.35
US4601461035	Purchase	1,820	35.23
US4601461035	Sale	517	35.23
US4601461035	Purchase	437	35.29
US4601461035	Sale	300	35.29
US4601461035	Purchase	3,226	35.30
US4601461035	Sale	202	35.30
US4601461035	Purchase	2,860	35.32
US4601461035	Sale	154	35.32
US4601461035	Purchase	2,241	35.24
US4601461035	Sale	320	35.24
US4601461035	Purchase	3,367	35.26
US4601461035	Sale	46,179	35.26
US4601461035	Purchase	1,703	35.31
US4601461035	Sale	163	35.31
US4601461035	Purchase	92	35.36
US4601461035	Purchase	892	35.22
US4601461035	Sale	123	35.22
US4601461035	Sale	170	35.19
US4601461035	Purchase	100	35.20
US4601461035	Purchase	900	35.21
US4601461035	Purchase	300	35.46
US4601461035	Purchase	349	35.28
US4601461035	Purchase	200	35.17
US4601461035	Sale	59	35.17
US4601461035	Sale	9	35.16
US4601461035	Purchase	6,300	35.25
US4601461035	Sale	552	35.25
US4601461035	Sale	100	35.11
US4601461035	Purchase	94	35.41
US4601461035	Sale	341	35.41
US4601461035	Purchase	743	35.33
US4601461035	Purchase	100	35.39
US4601461035	Purchase	2,511	35.48
US4601461035	Purchase	280	35.43
US4601461035	Sale	197	35.43
US4601461035	Purchase	407	35.57
US4601461035	Purchase	444	35.34
US4601461035	Sale	108	35.34
US4601461035	Purchase	800	35.44
US4601461035	Purchase	223	35.45
US4601461035	Purchase	600	35.47
US4601461035	Purchase	101	35.60
US4601461035	Purchase	309	35.40
US4601461035	Purchase	100	35.51
US4601461035	Purchase	2	35.59
US4601461035	Purchase	1,464	35.49
US4601461035	Purchase	100	35.65
US4601461035	Sale	5,263	35.26
US4601461035	Sale	10	35.27
US4601461035	Purchase	100	35.30
US4601461035	Purchase	625	35.32
US4601461035	Sale	1	35.32
US4601461035	Sale	2	35.24
US4601461035	Purchase	300	35.26
US4601461035	Sale	22	35.26
US4601461035	Purchase	400	35.37
US4601461035	Purchase	100	35.20
US4601461035	Purchase	153	35.28
US4601461035	Sale	9	35.28
US4601461035	Sale	13	35.25
US4601461035	Purchase	139	35.41
US4601461035	Purchase	844	35.33
US4601461035	Sale	2	35.33
US4601461035	Purchase	500	35.39
US4601461035	Purchase	200	35.43
US4601461035	Purchase	140	35.42
US4601461035	Purchase	151	35.44
US4601461035	Purchase	200	35.47
US4601461035	Purchase	433	35.40
US4601461035	Purchase	23,244	35.26
US4601461035	Sale	80,890	35.26
US4601461035	Purchase	78,583	35.26
US4601461035	Purchase	62,294	35.26
US4601461035	Purchase	8,070	35.26

(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		Reducing a short position		73,079		28.60 GBP
US4601461035		Equity Swap		Increasing a long position		124		35.22 USD
US4601461035		Equity Swap		Increasing a long position		31		35.27 USD
US4601461035		Equity Swap		Reducing a long position		31		35.35 USD
US4601461035		Equity Swap		Opening a long position		1,519		35.20 USD
US4601461035		Equity Swap		Reducing a long position		37		35.26 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
US4601461035	Call Option	Selling	200	32.50	American	4/19/2024
US4601461035	Call Option	Selling	700	35.00	American	4/19/2024
US4601461035	Put Option	Selling	700	35.00	American	4/19/2024
US4601461035	Call Option	Selling	250,000	42.50	American	18/10/2024
US4601461035	Call Option	Selling	250,000	47.50	American	18/10/2024
US4601461035	Put Option	Purchased	800	35.00	American	21/06/2024
US4601461035	Call Option	Purchased	250,000	40.00	American	18/10/2024
US4601461035	Call Option	Written	250,000	45.00	American	18/10/2024

(ii) Exercise

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

(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:		19th 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	6,400	32.50	American	4/19/2024
US4601461035	Call Option	Purchased	2,200	32.50	American	4/19/2024
US4601461035	Call Option	Written	23,900	35.00	American	4/19/2024
US4601461035	Call Option	Purchased	4,400	35.00	American	4/19/2024
US4601461035	Put Option	Purchased	800	32.50	American	1/17/2025
US4601461035	Put Option	Purchased	28,300	35.00	American	4/19/2024
US4601461035	Put Option	Purchased	1,100	38.00	American	4/19/2024
US4601461035	Put Option	Purchased	50,000	39.00	American	4/19/2024
US4601461035	Put Option	Purchased	800	35.00	American	21/06/2024
US4601461035	Call Option	Purchased	250,000	40.00	American	18/10/2024
US4601461035	Call Option	Written	250,000	45.00	American	18/10/2024

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/20240419280717/en/

Contacts

Millennium Partners, L.P.