| 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 COMPANY | |||||
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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: | 11 Oct 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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| 856,860 | 0.25% | 408,812 | 0.12% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 315,637 | 0.09% | 0 | 0.00% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 1,172,497 | 0.34% | 408,812 | 0.12% |
| (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 | 131,368 | 48.0762 USD | ||||
| common stock | Purchase | 58,504 | 48.1900 USD | ||||
| common stock | Purchase | 41,510 | 48.0734 USD | ||||
| common stock | Purchase | 38,974 | 48.1174 USD | ||||
| common stock | Purchase | 19,273 | 48.0557 USD | ||||
| common stock | Purchase | 14,358 | 48.0490 USD | ||||
| common stock | Purchase | 10,250 | 48.0401 USD | ||||
| common stock | Purchase | 3,628 | 48.0193 USD | ||||
| common stock | Purchase | 3,078 | 48.1908 USD | ||||
| common stock | Purchase | 2,669 | 48.2160 USD | ||||
| common stock | Purchase | 2,240 | 47.9580 USD | ||||
| common stock | Purchase | 1,413 | 48.1217 USD | ||||
| common stock | Purchase | 1,035 | 48.1810 USD | ||||
| common stock | Purchase | 746 | 48.1890 USD | ||||
| common stock | Purchase | 565 | 48.0359 USD | ||||
| common stock | Purchase | 371 | 48.1817 USD | ||||
| common stock | Purchase | 292 | 47.2915 USD | ||||
| common stock | Purchase | 102 | 48.3253 USD | ||||
| common stock | Purchase | 100 | 47.5200 USD | ||||
| common stock | Purchase | 100 | 47.9500 USD | ||||
| common stock | Purchase | 38 | 47.8300 USD | ||||
| common stock | Purchase | 12 | 48.3000 USD | ||||
| common stock | Purchase | 3 | 48.2066 USD | ||||
| common stock | Sale | 58,860 | 48.1290 USD | ||||
| common stock | Sale | 52,520 | 48.1900 USD | ||||
| common stock | Sale | 41,821 | 48.0420 USD | ||||
| common stock | Sale | 24,742 | 48.0737 USD | ||||
| common stock | Sale | 24,229 | 48.1183 USD | ||||
| common stock | Sale | 19,763 | 47.8507 USD | ||||
| common stock | Sale | 15,574 | 48.0335 USD | ||||
| common stock | Sale | 13,194 | 48.1226 USD | ||||
| common stock | Sale | 10,927 | 48.1238 USD | ||||
| common stock | Sale | 10,686 | 48.1308 USD | ||||
| common stock | Sale | 6,416 | 48.0981 USD | ||||
| common stock | Sale | 5,697 | 48.0751 USD | ||||
| common stock | Sale | 4,718 | 48.0657 USD | ||||
| common stock | Sale | 3,996 | 48.1236 USD | ||||
| common stock | Sale | 3,779 | 48.1336 USD | ||||
| common stock | Sale | 3,583 | 48.1443 USD | ||||
| common stock | Sale | 3,560 | 48.1914 USD | ||||
| common stock | Sale | 2,831 | 47.9628 USD | ||||
| common stock | Sale | 2,772 | 48.1349 USD | ||||
| common stock | Sale | 2,512 | 48.1772 USD | ||||
| common stock | Sale | 2,294 | 48.1827 USD | ||||
| common stock | Sale | 2,116 | 48.0623 USD | ||||
| common stock | Sale | 1,863 | 48.3416 USD | ||||
| common stock | Sale | 1,627 | 48.1110 USD | ||||
| common stock | Sale | 1,035 | 48.1298 USD | ||||
| common stock | Sale | 794 | 48.0387 USD | ||||
| common stock | Sale | 714 | 48.1908 USD | ||||
| common stock | Sale | 700 | 48.0692 USD | ||||
| common stock | Sale | 698 | 47.7881 USD | ||||
| common stock | Sale | 590 | 48.0372 USD | ||||
| common stock | Sale | 565 | 48.0359 USD | ||||
| common stock | Sale | 553 | 48.0161 USD | ||||
| common stock | Sale | 419 | 48.1913 USD | ||||
| common stock | Sale | 211 | 48.1322 USD | ||||
| common stock | Sale | 200 | 48.0050 USD | ||||
| common stock | Sale | 200 | 48.2000 USD | ||||
| common stock | Sale | 200 | 47.8300 USD | ||||
| common stock | Sale | 186 | 47.0000 USD | ||||
| common stock | Sale | 100 | 48.0350 USD | ||||
| common stock | Sale | 50 | 48.1620 USD | ||||
| common stock | Sale | 32 | 48.1500 USD | ||||
| common stock | Sale | 31 | 48.2200 USD | ||||
| common stock | Sale | 19 | 47.9800 USD | ||||
| common stock | Sale | 15 | 48.1100 USD | ||||
| common stock | Sale | 5 | 48.2700 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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| common stock | SWAP | Decreasing Long | 577 | 48.1910 USD | |||
| common stock | SWAP | Decreasing Long | 1,101 | 48.1924 USD | |||
| common stock | SWAP | Decreasing Long | 1,675 | 48.1925 USD | |||
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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/ |
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| 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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| (ii) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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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? | NO | ||||||
| Date of disclosure: | 14 Oct 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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