| 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: | 05 Aug 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: | | | 818,136 | 0.24% | 506,240 | 0.15% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 168,662 | 0.05% | 0 | 0.00% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 24,700 | 0.01% |
| | | | | | | | |
| | TOTAL: | | | 986,798 | 0.28% | 530,940 | 0.15% |
| (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 | 218,282 | 44.3305 USD | ||||
| common stock | Purchase | 129,976 | 44.3538 USD | ||||
| common stock | Purchase | 68,634 | 44.4300 USD | ||||
| common stock | Purchase | 38,031 | 44.2536 USD | ||||
| common stock | Purchase | 31,491 | 44.1347 USD | ||||
| common stock | Purchase | 24,263 | 43.8946 USD | ||||
| common stock | Purchase | 24,150 | 44.1570 USD | ||||
| common stock | Purchase | 14,674 | 44.3531 USD | ||||
| common stock | Purchase | 13,764 | 44.2344 USD | ||||
| common stock | Purchase | 13,226 | 44.2888 USD | ||||
| common stock | Purchase | 11,571 | 44.2390 USD | ||||
| common stock | Purchase | 8,292 | 44.2643 USD | ||||
| common stock | Purchase | 4,137 | 44.2226 USD | ||||
| common stock | Purchase | 4,100 | 44.3600 USD | ||||
| common stock | Purchase | 3,530 | 44.2596 USD | ||||
| common stock | Purchase | 3,168 | 44.3774 USD | ||||
| common stock | Purchase | 1,726 | 44.3570 USD | ||||
| common stock | Purchase | 1,692 | 44.2977 USD | ||||
| common stock | Purchase | 1,473 | 43.9842 USD | ||||
| common stock | Purchase | 1,402 | 44.2263 USD | ||||
| common stock | Purchase | 1,351 | 44.3354 USD | ||||
| common stock | Purchase | 762 | 44.2371 USD | ||||
| common stock | Purchase | 708 | 44.2798 USD | ||||
| common stock | Purchase | 708 | 44.1093 USD | ||||
| common stock | Purchase | 408 | 44.0220 USD | ||||
| common stock | Purchase | 396 | 44.3008 USD | ||||
| common stock | Purchase | 300 | 44.3500 USD | ||||
| common stock | Purchase | 271 | 44.4178 USD | ||||
| common stock | Purchase | 201 | 44.3701 USD | ||||
| common stock | Purchase | 200 | 44.3800 USD | ||||
| common stock | Purchase | 200 | 44.1650 USD | ||||
| common stock | Purchase | 200 | 44.2850 USD | ||||
| common stock | Purchase | 63 | 40.2200 EUR | ||||
| common stock | Purchase | 50 | 39.6700 EUR | ||||
| common stock | Purchase | 39 | 44.4100 USD | ||||
| common stock | Purchase | 13 | 44.6462 USD | ||||
| common stock | Purchase | 7 | 44.4414 USD | ||||
| common stock | Purchase | 4 | 43.9100 USD | ||||
| common stock | Purchase | 1 | 44.2609 USD | ||||
| common stock | Sale | 179,181 | 44.3298 USD | ||||
| common stock | Sale | 136,843 | 44.3746 USD | ||||
| common stock | Sale | 63,936 | 44.4300 USD | ||||
| common stock | Sale | 38,538 | 44.2813 USD | ||||
| common stock | Sale | 24,243 | 44.1058 USD | ||||
| common stock | Sale | 23,760 | 44.3106 USD | ||||
| common stock | Sale | 16,875 | 44.2676 USD | ||||
| common stock | Sale | 16,145 | 44.0931 USD | ||||
| common stock | Sale | 14,387 | 43.9024 USD | ||||
| common stock | Sale | 13,226 | 44.2888 USD | ||||
| common stock | Sale | 8,859 | 44.2626 USD | ||||
| common stock | Sale | 8,472 | 44.2497 USD | ||||
| common stock | Sale | 8,292 | 44.2643 USD | ||||
| common stock | Sale | 5,331 | 44.2402 USD | ||||
| common stock | Sale | 4,700 | 44.1666 USD | ||||
| common stock | Sale | 4,536 | 44.4022 USD | ||||
| common stock | Sale | 4,463 | 43.8867 USD | ||||
| common stock | Sale | 4,173 | 44.2606 USD | ||||
| common stock | Sale | 4,100 | 44.3600 USD | ||||
| common stock | Sale | 4,058 | 44.1995 USD | ||||
| common stock | Sale | 3,227 | 44.1904 USD | ||||
| common stock | Sale | 3,168 | 44.3774 USD | ||||
| common stock | Sale | 3,002 | 44.2433 USD | ||||
| common stock | Sale | 2,963 | 44.1395 USD | ||||
| common stock | Sale | 2,846 | 44.2377 USD | ||||
| common stock | Sale | 2,432 | 44.1847 USD | ||||
| common stock | Sale | 2,368 | 44.1104 USD | ||||
| common stock | Sale | 2,332 | 43.8948 USD | ||||
| common stock | Sale | 2,008 | 44.0088 USD | ||||
| common stock | Sale | 1,692 | 44.2977 USD | ||||
| common stock | Sale | 1,479 | 43.8725 USD | ||||
| common stock | Sale | 937 | 44.2302 USD | ||||
| common stock | Sale | 919 | 44.3203 USD | ||||
| common stock | Sale | 887 | 43.8724 USD | ||||
| common stock | Sale | 779 | 44.3459 USD | ||||
| common stock | Sale | 708 | 44.1093 USD | ||||
| common stock | Sale | 677 | 44.2240 USD | ||||
| common stock | Sale | 618 | 44.2665 USD | ||||
| common stock | Sale | 600 | 44.0550 USD | ||||
| common stock | Sale | 568 | 43.9819 USD | ||||
| common stock | Sale | 555 | 44.2339 USD | ||||
| common stock | Sale | 449 | 44.1807 USD | ||||
| common stock | Sale | 409 | 43.9920 USD | ||||
| common stock | Sale | 400 | 44.2654 USD | ||||
| common stock | Sale | 400 | 44.1650 USD | ||||
| common stock | Sale | 351 | 44.2961 USD | ||||
| common stock | Sale | 340 | 44.0927 USD | ||||
| common stock | Sale | 313 | 43.8595 USD | ||||
| common stock | Sale | 300 | 44.4317 USD | ||||
| common stock | Sale | 300 | 43.8666 USD | ||||
| common stock | Sale | 300 | 44.2533 USD | ||||
| common stock | Sale | 291 | 44.3497 USD | ||||
| common stock | Sale | 271 | 44.0102 USD | ||||
| common stock | Sale | 201 | 43.8599 USD | ||||
| common stock | Sale | 200 | 44.0600 USD | ||||
| common stock | Sale | 195 | 44.3141 USD | ||||
| common stock | Sale | 170 | 44.3376 USD | ||||
| common stock | Sale | 125 | 44.2500 USD | ||||
| common stock | Sale | 110 | 44.2918 USD | ||||
| common stock | Sale | 108 | 44.2168 USD | ||||
| common stock | Sale | 100 | 44.1800 USD | ||||
| common stock | Sale | 100 | 43.8650 USD | ||||
| common stock | Sale | 100 | 43.8900 USD | ||||
| common stock | Sale | 100 | 43.9200 USD | ||||
| common stock | Sale | 100 | 44.0800 USD | ||||
| common stock | Sale | 100 | 44.0300 USD | ||||
| common stock | Sale | 100 | 43.8300 USD | ||||
| common stock | Sale | 100 | 43.9600 USD | ||||
| common stock | Sale | 65 | 44.3023 USD | ||||
| common stock | Sale | 63 | 40.2200 EUR | ||||
| common stock | Sale | 50 | 39.6700 EUR | ||||
| common stock | Sale | 45 | 44.3375 USD | ||||
| common stock | Sale | 45 | 44.2622 USD | ||||
| common stock | Sale | 40 | 44.2975 USD | ||||
| common stock | Sale | 24 | 44.4783 USD | ||||
| common stock | Sale | 15 | 44.3300 USD | ||||
| common stock | Sale | 10 | 44.1950 USD | ||||
| common stock | Sale | 5 | 44.2450 USD | ||||
| common stock | Sale | 5 | 44.2700 USD | ||||
| common stock | Sale | 5 | 44.3400 USD | ||||
| common stock | Sale | 5 | 43.8700 USD | ||||
| common stock | Sale | 1 | 43.8600 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: | 06 Aug 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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