| 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: | 10 Sep 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: |
|
| 830,613 | 0.24% | 498,717 | 0.14% |
| (2) | Cash-settled derivatives: |
|
|
|
| ||
|
| and/or controlled: |
|
| 376,795 | 0.11% | 0 | 0.00% |
| (3) | Stock-settled derivatives (including options) |
|
|
|
| ||
|
| and agreements to purchase/sell: |
|
| 123,800 | 0.04% | 0 | 0.00% |
|
|
|
|
|
|
|
|
|
|
| TOTAL: |
|
| 1,331,208 | 0.38% | 498,717 | 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 | 65,576 | 47.1007 USD | ||||
| common stock | Purchase | 38,565 | 47.1266 USD | ||||
| common stock | Purchase | 24,635 | 47.2039 USD | ||||
| common stock | Purchase | 20,283 | 47.2222 USD | ||||
| common stock | Purchase | 9,258 | 47.1447 USD | ||||
| common stock | Purchase | 7,625 | 47.2258 USD | ||||
| common stock | Purchase | 6,999 | 47.0600 USD | ||||
| common stock | Purchase | 6,746 | 47.1805 USD | ||||
| common stock | Purchase | 4,592 | 47.1980 USD | ||||
| common stock | Purchase | 3,193 | 47.2197 USD | ||||
| common stock | Purchase | 2,381 | 47.2294 USD | ||||
| common stock | Purchase | 1,923 | 47.2889 USD | ||||
| common stock | Purchase | 1,907 | 47.2153 USD | ||||
| common stock | Purchase | 1,640 | 47.2566 USD | ||||
| common stock | Purchase | 1,351 | 47.2595 USD | ||||
| common stock | Purchase | 1,300 | 47.2200 USD | ||||
| common stock | Purchase | 1,086 | 47.3495 USD | ||||
| common stock | Purchase | 1,032 | 47.2161 USD | ||||
| common stock | Purchase | 888 | 47.0624 USD | ||||
| common stock | Purchase | 600 | 47.2450 USD | ||||
| common stock | Purchase | 359 | 47.2386 USD | ||||
| common stock | Purchase | 297 | 47.0716 USD | ||||
| common stock | Purchase | 191 | 47.2290 USD | ||||
| common stock | Purchase | 190 | 47.0560 USD | ||||
| common stock | Purchase | 143 | 47.1460 USD | ||||
| common stock | Purchase | 140 | 47.0650 USD | ||||
| common stock | Purchase | 137 | 47.2000 USD | ||||
| common stock | Purchase | 104 | 47.1753 USD | ||||
| common stock | Purchase | 100 | 47.1800 USD | ||||
| common stock | Purchase | 80 | 47.3222 USD | ||||
| common stock | Purchase | 40 | 47.1400 USD | ||||
| common stock | Purchase | 30 | 47.2500 USD | ||||
| common stock | Purchase | 24 | 47.2400 USD | ||||
| common stock | Purchase | 13 | 47.0700 USD | ||||
| common stock | Purchase | 8 | 47.5000 USD | ||||
| common stock | Purchase | 7 | 47.1700 USD | ||||
| common stock | Purchase | 5 | 47.2800 USD | ||||
| common stock | Sale | 70,491 | 47.1638 USD | ||||
| common stock | Sale | 36,215 | 47.0610 USD | ||||
| common stock | Sale | 21,422 | 47.2364 USD | ||||
| common stock | Sale | 13,566 | 47.1463 USD | ||||
| common stock | Sale | 9,257 | 47.1001 USD | ||||
| common stock | Sale | 8,570 | 47.1703 USD | ||||
| common stock | Sale | 5,141 | 47.0600 USD | ||||
| common stock | Sale | 4,100 | 47.2031 USD | ||||
| common stock | Sale | 3,508 | 47.2237 USD | ||||
| common stock | Sale | 3,411 | 47.1512 USD | ||||
| common stock | Sale | 2,555 | 47.2747 USD | ||||
| common stock | Sale | 2,553 | 47.1675 USD | ||||
| common stock | Sale | 2,264 | 47.2536 USD | ||||
| common stock | Sale | 2,142 | 47.2270 USD | ||||
| common stock | Sale | 1,976 | 47.1517 USD | ||||
| common stock | Sale | 1,930 | 47.2361 USD | ||||
| common stock | Sale | 1,879 | 47.1203 USD | ||||
| common stock | Sale | 1,870 | 47.2141 USD | ||||
| common stock | Sale | 1,300 | 47.2200 USD | ||||
| common stock | Sale | 1,200 | 47.2083 USD | ||||
| common stock | Sale | 1,076 | 47.1404 USD | ||||
| common stock | Sale | 990 | 47.3457 USD | ||||
| common stock | Sale | 888 | 47.0624 USD | ||||
| common stock | Sale | 538 | 47.2228 USD | ||||
| common stock | Sale | 505 | 47.1863 USD | ||||
| common stock | Sale | 503 | 47.1809 USD | ||||
| common stock | Sale | 419 | 47.2946 USD | ||||
| common stock | Sale | 363 | 47.1405 USD | ||||
| common stock | Sale | 200 | 47.2150 USD | ||||
| common stock | Sale | 141 | 47.1975 USD | ||||
| common stock | Sale | 105 | 47.0595 USD | ||||
| common stock | Sale | 100 | 47.1900 USD | ||||
| common stock | Sale | 100 | 47.1200 USD | ||||
| common stock | Sale | 100 | 47.0800 USD | ||||
| common stock | Sale | 84 | 47.0515 USD | ||||
| common stock | Sale | 10 | 47.2750 USD | ||||
| common stock | Sale | 7 | 47.1700 USD | ||||
| common stock | Sale | 5 | 47.3100 USD | ||||
|
|
|
|
|
|
|
|
|
| (b) | Cash-settled derivative transactions |
| |||||
| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
|
| securities |
| |||
| common stock | SWAP | Decreasing Long | 2,611 | 47.0625 USD | |||
|
|
|
|
|
|
|
|
|
| (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: | 11 Sep 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 | Written | 123,800 | 45.0000 | American | 20 Sep 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: | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
