| 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: | 24 Jul 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: | | | 827,355 | 0.24% | 408,867 | 0.12% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 76,162 | 0.02% | 0 | 0.00% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 24,700 | 0.01% |
| | | | | | | | |
| | TOTAL: | | | 903,517 | 0.26% | 433,567 | 0.12% |
| (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 | 361,085 | 46.8091 USD | ||||
| common stock | Purchase | 296,411 | 46.7801 USD | ||||
| common stock | Purchase | 234,665 | 46.3210 USD | ||||
| common stock | Purchase | 214,300 | 46.6974 USD | ||||
| common stock | Purchase | 134,677 | 46.4210 USD | ||||
| common stock | Purchase | 129,713 | 47.0322 USD | ||||
| common stock | Purchase | 95,419 | 46.8970 USD | ||||
| common stock | Purchase | 95,407 | 46.3616 USD | ||||
| common stock | Purchase | 95,364 | 46.5177 USD | ||||
| common stock | Purchase | 60,714 | 46.6307 USD | ||||
| common stock | Purchase | 38,870 | 46.7655 USD | ||||
| common stock | Purchase | 32,265 | 46.8086 USD | ||||
| common stock | Purchase | 25,619 | 46.9955 USD | ||||
| common stock | Purchase | 23,802 | 46.6056 USD | ||||
| common stock | Purchase | 21,779 | 46.7165 USD | ||||
| common stock | Purchase | 19,648 | 46.6937 USD | ||||
| common stock | Purchase | 19,383 | 46.7102 USD | ||||
| common stock | Purchase | 16,719 | 46.6933 USD | ||||
| common stock | Purchase | 14,390 | 46.5928 USD | ||||
| common stock | Purchase | 12,920 | 46.6439 USD | ||||
| common stock | Purchase | 10,526 | 46.2784 USD | ||||
| common stock | Purchase | 10,181 | 46.6870 USD | ||||
| common stock | Purchase | 9,499 | 46.6936 USD | ||||
| common stock | Purchase | 6,637 | 46.7091 USD | ||||
| common stock | Purchase | 6,483 | 46.7459 USD | ||||
| common stock | Purchase | 5,592 | 46.2800 USD | ||||
| common stock | Purchase | 5,466 | 46.6293 USD | ||||
| common stock | Purchase | 4,759 | 46.8373 USD | ||||
| common stock | Purchase | 4,258 | 47.0537 USD | ||||
| common stock | Purchase | 3,762 | 46.5092 USD | ||||
| common stock | Purchase | 3,218 | 46.6453 USD | ||||
| common stock | Purchase | 3,074 | 46.9114 USD | ||||
| common stock | Purchase | 3,011 | 46.4734 USD | ||||
| common stock | Purchase | 2,861 | 47.1583 USD | ||||
| common stock | Purchase | 2,600 | 46.7657 USD | ||||
| common stock | Purchase | 2,578 | 46.4285 USD | ||||
| common stock | Purchase | 2,185 | 46.6129 USD | ||||
| common stock | Purchase | 2,006 | 46.7394 USD | ||||
| common stock | Purchase | 1,932 | 46.1629 USD | ||||
| common stock | Purchase | 1,594 | 46.8129 USD | ||||
| common stock | Purchase | 1,250 | 46.2799 USD | ||||
| common stock | Purchase | 1,233 | 46.3547 USD | ||||
| common stock | Purchase | 907 | 46.2034 USD | ||||
| common stock | Purchase | 873 | 46.5405 USD | ||||
| common stock | Purchase | 855 | 46.9635 USD | ||||
| common stock | Purchase | 799 | 46.6892 USD | ||||
| common stock | Purchase | 688 | 46.7339 USD | ||||
| common stock | Purchase | 668 | 46.9386 USD | ||||
| common stock | Purchase | 585 | 46.5388 USD | ||||
| common stock | Purchase | 500 | 46.8380 USD | ||||
| common stock | Purchase | 317 | 46.5488 USD | ||||
| common stock | Purchase | 300 | 46.8066 USD | ||||
| common stock | Purchase | 300 | 46.8800 USD | ||||
| common stock | Purchase | 211 | 41.6959 EUR | ||||
| common stock | Purchase | 162 | 46.8950 USD | ||||
| common stock | Purchase | 55 | 41.6363 EUR | ||||
| common stock | Purchase | 16 | 45.3050 USD | ||||
| common stock | Sale | 413,454 | 46.7817 USD | ||||
| common stock | Sale | 221,348 | 46.8276 USD | ||||
| common stock | Sale | 164,458 | 46.2739 USD | ||||
| common stock | Sale | 159,952 | 46.8233 USD | ||||
| common stock | Sale | 138,940 | 46.8227 USD | ||||
| common stock | Sale | 122,370 | 46.4588 USD | ||||
| common stock | Sale | 75,954 | 46.3292 USD | ||||
| common stock | Sale | 73,501 | 46.3204 USD | ||||
| common stock | Sale | 69,214 | 46.6346 USD | ||||
| common stock | Sale | 57,088 | 46.7209 USD | ||||
| common stock | Sale | 47,972 | 46.6267 USD | ||||
| common stock | Sale | 32,265 | 46.8086 USD | ||||
| common stock | Sale | 29,160 | 46.7516 USD | ||||
| common stock | Sale | 27,824 | 46.6777 USD | ||||
| common stock | Sale | 27,293 | 46.6870 USD | ||||
| common stock | Sale | 26,784 | 46.6754 USD | ||||
| common stock | Sale | 24,814 | 46.5147 USD | ||||
| common stock | Sale | 22,567 | 46.7603 USD | ||||
| common stock | Sale | 20,411 | 46.6163 USD | ||||
| common stock | Sale | 19,957 | 46.7440 USD | ||||
| common stock | Sale | 19,881 | 46.8845 USD | ||||
| common stock | Sale | 18,868 | 46.4358 USD | ||||
| common stock | Sale | 16,495 | 46.9097 USD | ||||
| common stock | Sale | 13,500 | 46.8512 USD | ||||
| common stock | Sale | 13,428 | 46.2800 USD | ||||
| common stock | Sale | 13,246 | 46.5439 USD | ||||
| common stock | Sale | 12,043 | 46.5177 USD | ||||
| common stock | Sale | 11,945 | 47.0013 USD | ||||
| common stock | Sale | 11,633 | 46.8012 USD | ||||
| common stock | Sale | 11,560 | 46.8065 USD | ||||
| common stock | Sale | 11,046 | 46.7715 USD | ||||
| common stock | Sale | 10,526 | 46.2784 USD | ||||
| common stock | Sale | 9,765 | 46.7479 USD | ||||
| common stock | Sale | 7,298 | 46.7835 USD | ||||
| common stock | Sale | 6,783 | 46.8098 USD | ||||
| common stock | Sale | 5,201 | 46.8535 USD | ||||
| common stock | Sale | 5,005 | 46.9817 USD | ||||
| common stock | Sale | 4,980 | 46.7929 USD | ||||
| common stock | Sale | 4,759 | 46.8373 USD | ||||
| common stock | Sale | 4,300 | 46.8577 USD | ||||
| common stock | Sale | 4,158 | 46.7505 USD | ||||
| common stock | Sale | 3,439 | 46.9465 USD | ||||
| common stock | Sale | 3,218 | 46.6453 USD | ||||
| common stock | Sale | 3,135 | 46.8458 USD | ||||
| common stock | Sale | 3,074 | 46.9114 USD | ||||
| common stock | Sale | 2,720 | 46.7416 USD | ||||
| common stock | Sale | 2,600 | 46.7657 USD | ||||
| common stock | Sale | 2,160 | 47.0555 USD | ||||
| common stock | Sale | 2,143 | 46.5568 USD | ||||
| common stock | Sale | 2,006 | 46.7394 USD | ||||
| common stock | Sale | 2,006 | 46.8418 USD | ||||
| common stock | Sale | 1,800 | 46.9947 USD | ||||
| common stock | Sale | 1,708 | 46.9457 USD | ||||
| common stock | Sale | 1,600 | 46.6400 USD | ||||
| common stock | Sale | 1,469 | 46.5884 USD | ||||
| common stock | Sale | 1,400 | 46.7414 USD | ||||
| common stock | Sale | 1,293 | 46.9056 USD | ||||
| common stock | Sale | 1,194 | 46.8425 USD | ||||
| common stock | Sale | 1,109 | 46.2168 USD | ||||
| common stock | Sale | 1,096 | 46.7848 USD | ||||
| common stock | Sale | 900 | 46.1888 USD | ||||
| common stock | Sale | 887 | 46.8027 USD | ||||
| common stock | Sale | 855 | 46.9635 USD | ||||
| common stock | Sale | 841 | 46.8896 USD | ||||
| common stock | Sale | 830 | 46.6934 USD | ||||
| common stock | Sale | 619 | 46.7849 USD | ||||
| common stock | Sale | 576 | 47.0530 USD | ||||
| common stock | Sale | 506 | 46.9683 USD | ||||
| common stock | Sale | 459 | 46.4416 USD | ||||
| common stock | Sale | 450 | 46.4724 USD | ||||
| common stock | Sale | 438 | 46.3269 USD | ||||
| common stock | Sale | 407 | 47.0352 USD | ||||
| common stock | Sale | 400 | 46.7243 USD | ||||
| common stock | Sale | 395 | 46.7367 USD | ||||
| common stock | Sale | 300 | 46.8600 USD | ||||
| common stock | Sale | 300 | 46.8800 USD | ||||
| common stock | Sale | 262 | 46.1805 USD | ||||
| common stock | Sale | 250 | 46.9940 USD | ||||
| common stock | Sale | 211 | 41.6959 EUR | ||||
| common stock | Sale | 200 | 46.4550 USD | ||||
| common stock | Sale | 192 | 47.0122 USD | ||||
| common stock | Sale | 188 | 46.7595 USD | ||||
| common stock | Sale | 152 | 47.0507 USD | ||||
| common stock | Sale | 147 | 47.1700 USD | ||||
| common stock | Sale | 100 | 46.8700 USD | ||||
| common stock | Sale | 100 | 46.9600 USD | ||||
| common stock | Sale | 100 | 45.0200 USD | ||||
| common stock | Sale | 100 | 46.8300 USD | ||||
| common stock | Sale | 95 | 46.7645 USD | ||||
| common stock | Sale | 89 | 46.2400 USD | ||||
| common stock | Sale | 63 | 46.2200 USD | ||||
| common stock | Sale | 55 | 41.6363 EUR | ||||
| common stock | Sale | 40 | 46.7500 USD | ||||
| common stock | Sale | 21 | 45.4900 USD | ||||
| common stock | Sale | 19 | 47.0900 USD | ||||
| common stock | Sale | 14 | 45.2000 USD | ||||
| | | | | | | | |
| (b) | Cash-settled derivative transactions | | |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description | | reference | unit | |||
| security | | | securities | | |||
| | | | | | |||
| | | | | | | | |
| (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: | 25 Jul 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 | Purchased | -24,700 | 43.0000 | American | 16 Aug 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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