| 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: | 29 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: | | | 821,307 | 0.24% | 475,059 | 0.14% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 135,562 | 0.04% | 0 | 0.00% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 24,700 | 0.01% |
| | | | | | | | |
| | TOTAL: | | | 956,869 | 0.28% | 499,759 | 0.14% |
| (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 | 88,719 | 46.6445 USD | ||||
| common stock | Purchase | 61,970 | 46.5968 USD | ||||
| common stock | Purchase | 54,321 | 46.6985 USD | ||||
| common stock | Purchase | 33,369 | 46.6136 USD | ||||
| common stock | Purchase | 31,952 | 46.6133 USD | ||||
| common stock | Purchase | 29,576 | 46.6232 USD | ||||
| common stock | Purchase | 11,891 | 46.6400 USD | ||||
| common stock | Purchase | 11,128 | 46.5752 USD | ||||
| common stock | Purchase | 10,890 | 46.6294 USD | ||||
| common stock | Purchase | 8,787 | 46.6504 USD | ||||
| common stock | Purchase | 3,934 | 46.5721 USD | ||||
| common stock | Purchase | 2,799 | 46.7061 USD | ||||
| common stock | Purchase | 2,378 | 46.5924 USD | ||||
| common stock | Purchase | 2,049 | 46.6276 USD | ||||
| common stock | Purchase | 1,362 | 46.6897 USD | ||||
| common stock | Purchase | 1,297 | 46.6765 USD | ||||
| common stock | Purchase | 1,241 | 46.6263 USD | ||||
| common stock | Purchase | 810 | 46.6914 USD | ||||
| common stock | Purchase | 774 | 46.6182 USD | ||||
| common stock | Purchase | 614 | 46.6559 USD | ||||
| common stock | Purchase | 585 | 46.6077 USD | ||||
| common stock | Purchase | 488 | 46.8069 USD | ||||
| common stock | Purchase | 300 | 46.8300 USD | ||||
| common stock | Purchase | 220 | 46.4653 USD | ||||
| common stock | Purchase | 213 | 46.4549 USD | ||||
| common stock | Purchase | 205 | 46.5082 USD | ||||
| common stock | Purchase | 187 | 46.4840 USD | ||||
| common stock | Purchase | 139 | 46.4900 USD | ||||
| common stock | Purchase | 107 | 46.6322 USD | ||||
| common stock | Purchase | 100 | 46.6300 USD | ||||
| common stock | Purchase | 100 | 46.5000 USD | ||||
| common stock | Purchase | 55 | 46.5218 USD | ||||
| common stock | Purchase | 34 | 46.6388 USD | ||||
| common stock | Purchase | 21 | 46.4423 USD | ||||
| common stock | Purchase | 12 | 46.7250 USD | ||||
| common stock | Purchase | 4 | 46.8800 USD | ||||
| common stock | Purchase | 3 | 43.1000 EUR | ||||
| common stock | Sale | 139,833 | 46.6402 USD | ||||
| common stock | Sale | 32,326 | 46.6703 USD | ||||
| common stock | Sale | 31,146 | 46.5683 USD | ||||
| common stock | Sale | 23,896 | 46.6400 USD | ||||
| common stock | Sale | 18,420 | 46.6264 USD | ||||
| common stock | Sale | 17,708 | 46.6300 USD | ||||
| common stock | Sale | 13,527 | 46.6023 USD | ||||
| common stock | Sale | 12,368 | 46.6126 USD | ||||
| common stock | Sale | 12,009 | 46.7372 USD | ||||
| common stock | Sale | 9,095 | 46.6551 USD | ||||
| common stock | Sale | 6,876 | 46.6771 USD | ||||
| common stock | Sale | 6,421 | 46.5842 USD | ||||
| common stock | Sale | 6,108 | 46.6011 USD | ||||
| common stock | Sale | 4,159 | 46.6055 USD | ||||
| common stock | Sale | 3,836 | 46.4551 USD | ||||
| common stock | Sale | 2,908 | 46.5646 USD | ||||
| common stock | Sale | 2,712 | 46.7153 USD | ||||
| common stock | Sale | 2,694 | 46.6982 USD | ||||
| common stock | Sale | 2,369 | 46.6236 USD | ||||
| common stock | Sale | 2,286 | 46.5631 USD | ||||
| common stock | Sale | 2,212 | 46.7585 USD | ||||
| common stock | Sale | 2,181 | 46.8095 USD | ||||
| common stock | Sale | 1,850 | 46.5875 USD | ||||
| common stock | Sale | 1,525 | 46.5591 USD | ||||
| common stock | Sale | 1,327 | 46.6213 USD | ||||
| common stock | Sale | 1,274 | 46.6279 USD | ||||
| common stock | Sale | 1,241 | 46.6263 USD | ||||
| common stock | Sale | 1,228 | 46.6559 USD | ||||
| common stock | Sale | 1,190 | 46.7687 USD | ||||
| common stock | Sale | 1,001 | 46.5628 USD | ||||
| common stock | Sale | 940 | 46.5370 USD | ||||
| common stock | Sale | 903 | 46.5576 USD | ||||
| common stock | Sale | 806 | 46.5838 USD | ||||
| common stock | Sale | 585 | 46.6077 USD | ||||
| common stock | Sale | 536 | 46.6423 USD | ||||
| common stock | Sale | 300 | 46.8300 USD | ||||
| common stock | Sale | 300 | 46.6712 USD | ||||
| common stock | Sale | 240 | 46.5658 USD | ||||
| common stock | Sale | 212 | 46.5684 USD | ||||
| common stock | Sale | 200 | 46.5850 USD | ||||
| common stock | Sale | 200 | 46.6600 USD | ||||
| common stock | Sale | 192 | 46.7600 USD | ||||
| common stock | Sale | 154 | 46.7348 USD | ||||
| common stock | Sale | 148 | 46.5207 USD | ||||
| common stock | Sale | 140 | 46.4900 USD | ||||
| common stock | Sale | 107 | 46.6322 USD | ||||
| common stock | Sale | 105 | 46.6509 USD | ||||
| common stock | Sale | 100 | 46.7400 USD | ||||
| common stock | Sale | 100 | 46.8409 USD | ||||
| common stock | Sale | 100 | 46.5300 USD | ||||
| common stock | Sale | 79 | 46.6203 USD | ||||
| common stock | Sale | 68 | 46.6388 USD | ||||
| common stock | Sale | 39 | 46.3447 USD | ||||
| common stock | Sale | 35 | 46.8663 USD | ||||
| common stock | Sale | 20 | 46.3600 USD | ||||
| common stock | Sale | 3 | 43.1000 EUR | ||||
| | | | | | | | |
| (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: | 30 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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