| 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: | 21 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: | | | 700,678 | 0.20% | 648,203 | 0.19% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 544,466 | 0.16% | 13,660 | 0.00% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 35,000 | 0.01% |
| | | | | | | | |
| | TOTAL: | | | 1,245,144 | 0.36% | 696,863 | 0.20% |
| (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 | 180,866 | 58.2928 USD | ||||
| common stock | Purchase | 68,470 | 58.4800 USD | ||||
| common stock | Purchase | 30,028 | 58.2683 USD | ||||
| common stock | Purchase | 22,052 | 58.0516 USD | ||||
| common stock | Purchase | 18,903 | 57.9052 USD | ||||
| common stock | Purchase | 16,233 | 57.4214 USD | ||||
| common stock | Purchase | 12,850 | 58.0513 USD | ||||
| common stock | Purchase | 11,467 | 57.8985 USD | ||||
| common stock | Purchase | 11,068 | 58.4736 USD | ||||
| common stock | Purchase | 8,300 | 57.8961 USD | ||||
| common stock | Purchase | 8,100 | 57.4361 USD | ||||
| common stock | Purchase | 6,772 | 57.9921 USD | ||||
| common stock | Purchase | 6,574 | 57.5688 USD | ||||
| common stock | Purchase | 6,517 | 58.1910 USD | ||||
| common stock | Purchase | 6,439 | 58.4691 USD | ||||
| common stock | Purchase | 5,378 | 57.5611 USD | ||||
| common stock | Purchase | 5,079 | 58.3308 USD | ||||
| common stock | Purchase | 4,905 | 57.9648 USD | ||||
| common stock | Purchase | 4,087 | 58.2072 USD | ||||
| common stock | Purchase | 3,064 | 57.8422 USD | ||||
| common stock | Purchase | 2,217 | 57.6886 USD | ||||
| common stock | Purchase | 1,784 | 57.5671 USD | ||||
| common stock | Purchase | 1,625 | 57.8903 USD | ||||
| common stock | Purchase | 1,370 | 58.2737 USD | ||||
| common stock | Purchase | 1,084 | 57.9251 USD | ||||
| common stock | Purchase | 1,000 | 58.1300 USD | ||||
| common stock | Purchase | 1,000 | 58.1500 USD | ||||
| common stock | Purchase | 998 | 58.1442 USD | ||||
| common stock | Purchase | 976 | 57.5729 USD | ||||
| common stock | Purchase | 966 | 58.0769 USD | ||||
| common stock | Purchase | 935 | 58.1972 USD | ||||
| common stock | Purchase | 687 | 58.2940 USD | ||||
| common stock | Purchase | 669 | 57.5626 USD | ||||
| common stock | Purchase | 628 | 57.7793 USD | ||||
| common stock | Purchase | 509 | 57.9726 USD | ||||
| common stock | Purchase | 509 | 57.5580 USD | ||||
| common stock | Purchase | 458 | 57.9024 USD | ||||
| common stock | Purchase | 313 | 58.0215 USD | ||||
| common stock | Purchase | 200 | 58.1700 USD | ||||
| common stock | Purchase | 200 | 57.7600 USD | ||||
| common stock | Purchase | 200 | 57.9500 USD | ||||
| common stock | Purchase | 129 | 57.4200 USD | ||||
| common stock | Purchase | 100 | 58.2600 USD | ||||
| common stock | Purchase | 100 | 57.6500 USD | ||||
| common stock | Purchase | 100 | 58.2800 USD | ||||
| common stock | Purchase | 30 | 58.2500 USD | ||||
| common stock | Sale | 84,305 | 58.3747 USD | ||||
| common stock | Sale | 60,645 | 58.4800 USD | ||||
| common stock | Sale | 40,323 | 57.4818 USD | ||||
| common stock | Sale | 36,176 | 58.1993 USD | ||||
| common stock | Sale | 26,562 | 58.4589 USD | ||||
| common stock | Sale | 21,361 | 58.1009 USD | ||||
| common stock | Sale | 20,250 | 57.9403 USD | ||||
| common stock | Sale | 19,136 | 58.2083 USD | ||||
| common stock | Sale | 18,841 | 58.1699 USD | ||||
| common stock | Sale | 18,310 | 58.2282 USD | ||||
| common stock | Sale | 12,850 | 58.0513 USD | ||||
| common stock | Sale | 11,984 | 57.6828 USD | ||||
| common stock | Sale | 11,248 | 57.9815 USD | ||||
| common stock | Sale | 11,068 | 58.4736 USD | ||||
| common stock | Sale | 10,411 | 58.0930 USD | ||||
| common stock | Sale | 9,466 | 57.5974 USD | ||||
| common stock | Sale | 7,815 | 58.2107 USD | ||||
| common stock | Sale | 5,063 | 58.1572 USD | ||||
| common stock | Sale | 4,046 | 58.2866 USD | ||||
| common stock | Sale | 2,530 | 58.2047 USD | ||||
| common stock | Sale | 2,333 | 58.3515 USD | ||||
| common stock | Sale | 1,000 | 58.1500 USD | ||||
| common stock | Sale | 1,000 | 58.1300 USD | ||||
| common stock | Sale | 888 | 58.1362 USD | ||||
| common stock | Sale | 735 | 57.8498 USD | ||||
| common stock | Sale | 628 | 57.7793 USD | ||||
| common stock | Sale | 509 | 57.9726 USD | ||||
| common stock | Sale | 342 | 58.0594 USD | ||||
| common stock | Sale | 320 | 57.8264 USD | ||||
| common stock | Sale | 293 | 58.2944 USD | ||||
| common stock | Sale | 263 | 58.0117 USD | ||||
| common stock | Sale | 258 | 58.2300 USD | ||||
| common stock | Sale | 200 | 58.1700 USD | ||||
| common stock | Sale | 173 | 58.2217 USD | ||||
| common stock | Sale | 129 | 57.4200 USD | ||||
| common stock | Sale | 110 | 58.2081 USD | ||||
| common stock | Sale | 100 | 57.4400 USD | ||||
| common stock | Sale | 100 | 57.5200 USD | ||||
| common stock | Sale | 100 | 58.2800 USD | ||||
| common stock | Sale | 98 | 58.4095 USD | ||||
| common stock | Sale | 14 | 58.4200 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: | 22 Jan 2025 | ||||||
| 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 COMPANY | ||||||
| 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 | -35,000 | 55.0000 | American | 24 Jan 2025 | |
| | | | | | | | |
| 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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