| 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 |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | INTERNATIONAL PAPER CO | |||||
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| relevant securities this form relates: | ||||||
| (d) | If an exempt fund manager connected with an |
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| offeror/offeree, state this and specify identity of | ||||||
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| offeror/offeree: | ||||||
| (e) | Date position held/dealing undertaken: | 14 Aug 2024 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | DS SMITH PLC |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | Interests and short positions in the relevant securities of the offeror or offeree |
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| to which the disclosure relates following the dealing(if any) |
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| Class of relevant security: | common stock | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 812,004 | 0.23% | 499,642 | 0.14% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 168,662 | 0.05% | 0 | 0.00% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 123,800 | 0.04% | 113,300 | 0.03% |
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| TOTAL: |
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| 1,104,466 | 0.32% | 612,942 | 0.18% |
| (b) | Rights to subscribe for new securities (including directors and other executive |
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| options) |
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| Class of relevant security in relation to |
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| which subscription right exists |
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| Details, including nature of the rights |
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| concerned and relevant percentages: |
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| 3. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
| securities |
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| common stock | Purchase | 184,118 | 46.2050 USD | ||||
| common stock | Purchase | 120,000 | 45.0000 USD | ||||
| common stock | Purchase | 107,738 | 46.2300 USD | ||||
| common stock | Purchase | 103,210 | 46.1580 USD | ||||
| common stock | Purchase | 77,499 | 46.1058 USD | ||||
| common stock | Purchase | 25,063 | 46.4948 USD | ||||
| common stock | Purchase | 16,823 | 46.2061 USD | ||||
| common stock | Purchase | 15,270 | 46.2897 USD | ||||
| common stock | Purchase | 13,612 | 46.2386 USD | ||||
| common stock | Purchase | 13,200 | 45.8900 USD | ||||
| common stock | Purchase | 12,000 | 40.0000 USD | ||||
| common stock | Purchase | 9,791 | 46.0822 USD | ||||
| common stock | Purchase | 9,493 | 45.9257 USD | ||||
| common stock | Purchase | 7,789 | 46.5023 USD | ||||
| common stock | Purchase | 7,050 | 46.1016 USD | ||||
| common stock | Purchase | 6,000 | 37.5000 USD | ||||
| common stock | Purchase | 5,884 | 46.5011 USD | ||||
| common stock | Purchase | 5,513 | 46.5053 USD | ||||
| common stock | Purchase | 4,390 | 46.0201 USD | ||||
| common stock | Purchase | 4,316 | 46.3583 USD | ||||
| common stock | Purchase | 3,240 | 46.1850 USD | ||||
| common stock | Purchase | 3,159 | 46.2135 USD | ||||
| common stock | Purchase | 2,989 | 46.4915 USD | ||||
| common stock | Purchase | 2,814 | 46.2681 USD | ||||
| common stock | Purchase | 2,707 | 46.1200 USD | ||||
| common stock | Purchase | 2,328 | 45.8300 USD | ||||
| common stock | Purchase | 2,020 | 46.5195 USD | ||||
| common stock | Purchase | 1,918 | 46.1203 USD | ||||
| common stock | Purchase | 1,905 | 46.3580 USD | ||||
| common stock | Purchase | 1,878 | 46.4952 USD | ||||
| common stock | Purchase | 1,851 | 46.5127 USD | ||||
| common stock | Purchase | 1,606 | 46.2601 USD | ||||
| common stock | Purchase | 1,330 | 46.0034 USD | ||||
| common stock | Purchase | 1,329 | 46.0456 USD | ||||
| common stock | Purchase | 1,232 | 46.5069 USD | ||||
| common stock | Purchase | 1,206 | 45.8080 USD | ||||
| common stock | Purchase | 1,096 | 46.4790 USD | ||||
| common stock | Purchase | 1,035 | 46.0694 USD | ||||
| common stock | Purchase | 1,030 | 46.0907 USD | ||||
| common stock | Purchase | 1,000 | 46.4850 USD | ||||
| common stock | Purchase | 537 | 46.3466 USD | ||||
| common stock | Purchase | 513 | 46.4539 USD | ||||
| common stock | Purchase | 403 | 46.5125 USD | ||||
| common stock | Purchase | 330 | 46.4908 USD | ||||
| common stock | Purchase | 306 | 46.4611 USD | ||||
| common stock | Purchase | 300 | 46.5500 USD | ||||
| common stock | Purchase | 236 | 46.3900 USD | ||||
| common stock | Purchase | 215 | 45.3000 USD | ||||
| common stock | Purchase | 213 | 46.5418 USD | ||||
| common stock | Purchase | 191 | 46.1300 USD | ||||
| common stock | Purchase | 190 | 46.2241 USD | ||||
| common stock | Purchase | 177 | 45.9206 USD | ||||
| common stock | Purchase | 150 | 45.5800 USD | ||||
| common stock | Purchase | 150 | 45.2750 USD | ||||
| common stock | Purchase | 101 | 45.5598 USD | ||||
| common stock | Purchase | 100 | 45.5500 USD | ||||
| common stock | Purchase | 100 | 46.5300 USD | ||||
| common stock | Purchase | 75 | 45.7016 USD | ||||
| common stock | Purchase | 72 | 46.3977 USD | ||||
| common stock | Purchase | 60 | 45.4650 USD | ||||
| common stock | Purchase | 39 | 46.3928 USD | ||||
| common stock | Purchase | 29 | 46.4713 USD | ||||
| common stock | Purchase | 21 | 46.3200 USD | ||||
| common stock | Purchase | 11 | 46.1245 USD | ||||
| common stock | Purchase | 10 | 46.5420 USD | ||||
| common stock | Purchase | 5 | 46.3500 USD | ||||
| common stock | Purchase | 5 | 46.2380 USD | ||||
| common stock | Purchase | 2 | 45.2000 USD | ||||
| common stock | Purchase | 1 | 46.3650 USD | ||||
| common stock | Purchase | 1 | 46.4200 USD | ||||
| common stock | Sale | 161,607 | 46.2300 USD | ||||
| common stock | Sale | 123,348 | 46.1364 USD | ||||
| common stock | Sale | 92,872 | 46.2484 USD | ||||
| common stock | Sale | 71,781 | 46.1007 USD | ||||
| common stock | Sale | 25,615 | 46.2322 USD | ||||
| common stock | Sale | 22,796 | 46.2214 USD | ||||
| common stock | Sale | 16,907 | 46.1613 USD | ||||
| common stock | Sale | 13,200 | 45.8900 USD | ||||
| common stock | Sale | 13,070 | 46.1200 USD | ||||
| common stock | Sale | 12,863 | 46.2014 USD | ||||
| common stock | Sale | 9,145 | 46.2983 USD | ||||
| common stock | Sale | 8,991 | 46.1053 USD | ||||
| common stock | Sale | 8,410 | 46.2940 USD | ||||
| common stock | Sale | 8,192 | 46.1067 USD | ||||
| common stock | Sale | 7,232 | 46.1311 USD | ||||
| common stock | Sale | 7,050 | 46.1016 USD | ||||
| common stock | Sale | 6,372 | 45.7744 USD | ||||
| common stock | Sale | 5,900 | 46.1389 USD | ||||
| common stock | Sale | 4,481 | 46.1957 USD | ||||
| common stock | Sale | 4,011 | 46.5044 USD | ||||
| common stock | Sale | 3,248 | 46.1338 USD | ||||
| common stock | Sale | 3,240 | 46.1850 USD | ||||
| common stock | Sale | 3,159 | 46.2135 USD | ||||
| common stock | Sale | 3,090 | 45.9463 USD | ||||
| common stock | Sale | 3,036 | 46.5060 USD | ||||
| common stock | Sale | 2,940 | 45.5521 USD | ||||
| common stock | Sale | 2,446 | 46.1307 USD | ||||
| common stock | Sale | 2,328 | 45.8300 USD | ||||
| common stock | Sale | 2,020 | 46.5195 USD | ||||
| common stock | Sale | 1,686 | 46.3613 USD | ||||
| common stock | Sale | 1,482 | 46.4409 USD | ||||
| common stock | Sale | 1,382 | 46.4146 USD | ||||
| common stock | Sale | 1,201 | 46.0378 USD | ||||
| common stock | Sale | 1,200 | 46.0208 USD | ||||
| common stock | Sale | 1,170 | 46.0816 USD | ||||
| common stock | Sale | 1,096 | 46.4790 USD | ||||
| common stock | Sale | 1,069 | 46.1000 USD | ||||
| common stock | Sale | 1,000 | 46.4850 USD | ||||
| common stock | Sale | 958 | 46.0721 USD | ||||
| common stock | Sale | 751 | 46.0700 USD | ||||
| common stock | Sale | 700 | 46.1028 USD | ||||
| common stock | Sale | 700 | 46.3064 USD | ||||
| common stock | Sale | 612 | 46.3553 USD | ||||
| common stock | Sale | 600 | 46.1466 USD | ||||
| common stock | Sale | 528 | 46.1094 USD | ||||
| common stock | Sale | 462 | 46.2949 USD | ||||
| common stock | Sale | 451 | 46.3032 USD | ||||
| common stock | Sale | 400 | 45.7450 USD | ||||
| common stock | Sale | 375 | 46.1127 USD | ||||
| common stock | Sale | 300 | 46.0733 USD | ||||
| common stock | Sale | 260 | 45.3000 USD | ||||
| common stock | Sale | 236 | 46.3900 USD | ||||
| common stock | Sale | 205 | 46.0429 USD | ||||
| common stock | Sale | 203 | 46.3100 USD | ||||
| common stock | Sale | 200 | 46.5500 USD | ||||
| common stock | Sale | 200 | 46.0400 USD | ||||
| common stock | Sale | 200 | 46.2400 USD | ||||
| common stock | Sale | 190 | 46.3665 USD | ||||
| common stock | Sale | 150 | 45.5800 USD | ||||
| common stock | Sale | 107 | 46.1386 USD | ||||
| common stock | Sale | 100 | 45.9200 USD | ||||
| common stock | Sale | 100 | 45.9400 USD | ||||
| common stock | Sale | 100 | 45.9750 USD | ||||
| common stock | Sale | 100 | 46.5600 USD | ||||
| common stock | Sale | 100 | 46.0200 USD | ||||
| common stock | Sale | 75 | 45.7800 USD | ||||
| common stock | Sale | 16 | 46.0950 USD | ||||
| common stock | Sale | 11 | 46.1245 USD | ||||
| common stock | Sale | 10 | 45.9100 USD | ||||
| common stock | Sale | 7 | 46.1914 USD | ||||
| common stock | Sale | 5 | 46.1070 USD | ||||
| common stock | Sale | 4 | 46.1250 USD | ||||
| common stock | Sale | 4 | 46.1100 USD | ||||
| common stock | Sale | 3 | 45.9600 USD | ||||
| common stock | Sale | 3 | 46.5200 USD | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | to which |
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| received |
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| option |
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| per unit |
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| relates |
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| common stock | Call Options | Purchasing | 120,000 | 45.0000 USD | American | 16 Aug 2024 | 1.3000 USD |
| common stock | Call Options | Selling | 138,000 | 43.0000 USD | American | 16 Aug 2024 | 3.8000 USD |
| common stock | Call Options | Purchasing | 12,000 | 40.0000 USD | American | 16 Aug 2024 | 6.3500 USD |
| common stock | Call Options | Purchasing | 6,000 | 38.0000 USD | American | 16 Aug 2024 | 8.7000 USD |
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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| securities | unit | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | Indemnity and other dealings arrangements |
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| Details of any indemnity or option arrangement, or any agreement or understanding, |
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| formal or informal, relating to relevant securities which may be an inducement to deal |
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| or refrain from dealing entered into by the exempt principal trader making the disclosure and any party |
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| to the offer or any person acting in concert with a party to the offer: |
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| NONE | |||||||
| (b) | Agreements, arrangements or understandings relating to options or derivatives |
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| Details of any agreement, arrangement or understanding, formal or informal, between |
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| the person making the disclosure and any other person relating to: |
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| (i) the voting rights of any relevant securities under any option; or |
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| (ii) the voting rights of future acquisition or disposal of any relevant securities to which |
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| any derivative is referenced: |
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| NONE | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | YES | ||||||
| Date of disclosure: | 15 Aug 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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| 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: | |||||||
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| 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 | -88,600 | 45.0000 | American | 16 Aug 2024 | |
| common stock | Put Options | Purchased | -24,700 | 43.0000 | American | 16 Aug 2024 | |
| common stock | Put Options | Written | 123,800 | 45.0000 | American | 20 Sep 2024 | |
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| 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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