| 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: | 07 Jan 2025 | |||||
| (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: | | | 609,569 | 0.18% | 772,190 | 0.22% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 531,069 | 0.15% | 13,660 | 0.00% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 1,140,638 | 0.33% | 785,850 | 0.23% |
| (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 | 528,354 | 53.6099 USD | ||||
| common stock | Purchase | 254,473 | 53.5514 USD | ||||
| common stock | Purchase | 51,385 | 53.6100 USD | ||||
| common stock | Purchase | 35,401 | 53.5902 USD | ||||
| common stock | Purchase | 27,248 | 53.5882 USD | ||||
| common stock | Purchase | 26,195 | 53.5904 USD | ||||
| common stock | Purchase | 22,080 | 53.6060 USD | ||||
| common stock | Purchase | 13,001 | 53.6028 USD | ||||
| common stock | Purchase | 8,685 | 53.5679 USD | ||||
| common stock | Purchase | 8,031 | 53.4742 USD | ||||
| common stock | Purchase | 3,316 | 53.4857 USD | ||||
| common stock | Purchase | 3,117 | 53.5549 USD | ||||
| common stock | Purchase | 2,413 | 53.5348 USD | ||||
| common stock | Purchase | 2,371 | 53.5982 USD | ||||
| common stock | Purchase | 1,504 | 53.5184 USD | ||||
| common stock | Purchase | 1,316 | 53.5925 USD | ||||
| common stock | Purchase | 1,001 | 53.5146 USD | ||||
| common stock | Purchase | 909 | 53.5734 USD | ||||
| common stock | Purchase | 827 | 53.5320 USD | ||||
| common stock | Purchase | 755 | 53.4700 USD | ||||
| common stock | Purchase | 692 | 53.5204 USD | ||||
| common stock | Purchase | 667 | 53.4630 USD | ||||
| common stock | Purchase | 546 | 53.4886 USD | ||||
| common stock | Purchase | 536 | 53.4959 USD | ||||
| common stock | Purchase | 402 | 53.5645 USD | ||||
| common stock | Purchase | 254 | 53.6159 USD | ||||
| common stock | Purchase | 240 | 53.4600 USD | ||||
| common stock | Purchase | 200 | 53.5100 USD | ||||
| common stock | Purchase | 170 | 53.5964 USD | ||||
| common stock | Purchase | 110 | 53.5963 USD | ||||
| common stock | Purchase | 105 | 53.5171 USD | ||||
| common stock | Purchase | 102 | 53.6000 USD | ||||
| common stock | Purchase | 100 | 53.3700 USD | ||||
| common stock | Purchase | 100 | 53.5900 USD | ||||
| common stock | Purchase | 60 | 53.6075 USD | ||||
| common stock | Purchase | 45 | 53.6155 USD | ||||
| common stock | Purchase | 34 | 53.5073 USD | ||||
| common stock | Purchase | 20 | 53.6400 USD | ||||
| common stock | Purchase | 10 | 53.5850 USD | ||||
| common stock | Purchase | 10 | 53.5550 USD | ||||
| common stock | Purchase | 5 | 53.6600 USD | ||||
| common stock | Sale | 300,591 | 53.6099 USD | ||||
| common stock | Sale | 119,503 | 53.6100 USD | ||||
| common stock | Sale | 90,501 | 53.5593 USD | ||||
| common stock | Sale | 76,429 | 53.5237 USD | ||||
| common stock | Sale | 32,194 | 53.5859 USD | ||||
| common stock | Sale | 27,592 | 53.6053 USD | ||||
| common stock | Sale | 22,408 | 53.5518 USD | ||||
| common stock | Sale | 18,638 | 53.6056 USD | ||||
| common stock | Sale | 16,835 | 53.5602 USD | ||||
| common stock | Sale | 14,646 | 53.6108 USD | ||||
| common stock | Sale | 12,647 | 53.6096 USD | ||||
| common stock | Sale | 12,179 | 53.5680 USD | ||||
| common stock | Sale | 11,322 | 53.5833 USD | ||||
| common stock | Sale | 11,289 | 53.5261 USD | ||||
| common stock | Sale | 10,139 | 53.5228 USD | ||||
| common stock | Sale | 7,785 | 53.4752 USD | ||||
| common stock | Sale | 6,016 | 53.5460 USD | ||||
| common stock | Sale | 5,835 | 53.5424 USD | ||||
| common stock | Sale | 5,814 | 53.5875 USD | ||||
| common stock | Sale | 2,042 | 53.4942 USD | ||||
| common stock | Sale | 1,844 | 53.5604 USD | ||||
| common stock | Sale | 1,570 | 53.5870 USD | ||||
| common stock | Sale | 1,400 | 53.5064 USD | ||||
| common stock | Sale | 1,390 | 53.5321 USD | ||||
| common stock | Sale | 1,328 | 53.5915 USD | ||||
| common stock | Sale | 1,316 | 53.5925 USD | ||||
| common stock | Sale | 1,173 | 53.5106 USD | ||||
| common stock | Sale | 1,066 | 53.5101 USD | ||||
| common stock | Sale | 400 | 53.5650 USD | ||||
| common stock | Sale | 300 | 53.5366 USD | ||||
| common stock | Sale | 267 | 53.4487 USD | ||||
| common stock | Sale | 203 | 53.6000 USD | ||||
| common stock | Sale | 200 | 53.5100 USD | ||||
| common stock | Sale | 200 | 53.4800 USD | ||||
| common stock | Sale | 135 | 53.5783 USD | ||||
| common stock | Sale | 125 | 53.4520 USD | ||||
| common stock | Sale | 104 | 53.4300 USD | ||||
| common stock | Sale | 100 | 53.6450 USD | ||||
| common stock | Sale | 100 | 53.6400 USD | ||||
| common stock | Sale | 100 | 53.5000 USD | ||||
| common stock | Sale | 100 | 53.6200 USD | ||||
| common stock | Sale | 75 | 53.4686 USD | ||||
| common stock | Sale | 56 | 53.5133 USD | ||||
| common stock | Sale | 50 | 53.5210 USD | ||||
| common stock | Sale | 40 | 53.5675 USD | ||||
| common stock | Sale | 40 | 53.5862 USD | ||||
| common stock | Sale | 25 | 53.4820 USD | ||||
| common stock | Sale | 15 | 53.5533 USD | ||||
| common stock | Sale | 10 | 53.5300 USD | ||||
| common stock | Sale | 10 | 53.5450 USD | ||||
| common stock | Sale | 4 | 53.4000 USD | ||||
| common stock | Sale | 2 | 53.4700 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 | Increasing Long | 740 | 53.6075 USD | |||
| common stock | SWAP | Increasing Long | 333 | 53.6090 USD | |||
| common stock | SWAP | Decreasing Long | 1,054 | 53.6125 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? | NO | ||||||
| Date of disclosure: | 08 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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