|
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)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
|
INTERNATIONAL PAPER COMPANY
|
|
(d)
|
If
an exempt fund manager connected with an
offeror/offeree, state this and specify identity of
offeror/offeree:
|
|
|
(e)
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Date position held/dealing undertaken:
|
22
May 2024
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|
(f)
|
In
addition to the company in 1(c) above, is the discloser making
disclosures in respect of any other party to the
offer?
|
YES:
DS SMITH PLC
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|
2.
|
POSITIONS OF THE PERSON MAKING THE
DISCLOSURE
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|
(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:
|
796,818
|
0.23%
|
562,429
|
0.16%
|
|
(2)
Cash-settled derivatives:
|
309,148
|
0.09%
|
52,065
|
0.01%
|
|
(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
|
0
|
0.00%
|
0
|
0.00%
|
|
TOTAL:
|
1,105,966
|
0.32%
|
614,494
|
0.18%
|
|
(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 PERSON MAKING THE
DISCLOSURE
|
|
(a)
|
Purchase and sales
|
|
Class of relevant
security
|
Purchase/sale
|
Number of
securities
|
Price per
unit
|
|
common
stock
|
Purchase
|
334,601
|
41.9545 USD
|
|
common
stock
|
Purchase
|
200,000
|
34.0000 USD
|
|
common
stock
|
Purchase
|
54,261
|
41.8962 USD
|
|
common
stock
|
Purchase
|
49,400
|
41.5395 USD
|
|
common
stock
|
Purchase
|
35,830
|
41.6260 USD
|
|
common
stock
|
Purchase
|
24,100
|
32.5000 USD
|
|
common
stock
|
Purchase
|
24,000
|
35.0000 USD
|
|
common
stock
|
Purchase
|
23,926
|
42.0444 USD
|
|
common
stock
|
Purchase
|
22,961
|
41.3472 USD
|
|
common
stock
|
Purchase
|
20,313
|
42.1000 USD
|
|
common
stock
|
Purchase
|
18,920
|
41.4634 USD
|
|
common
stock
|
Purchase
|
16,706
|
41.6779 USD
|
|
common
stock
|
Purchase
|
16,147
|
41.1997 USD
|
|
common
stock
|
Purchase
|
15,789
|
41.9453 USD
|
|
common
stock
|
Purchase
|
14,267
|
41.5490 USD
|
|
common
stock
|
Purchase
|
12,000
|
37.0000 USD
|
|
common
stock
|
Purchase
|
12,000
|
39.0000 USD
|
|
common
stock
|
Purchase
|
12,000
|
40.0000 USD
|
|
common
stock
|
Purchase
|
8,115
|
41.2865 USD
|
|
common
stock
|
Purchase
|
6,000
|
38.0000 USD
|
|
common
stock
|
Purchase
|
6,000
|
30.0000 USD
|
|
common
stock
|
Purchase
|
6,000
|
33.0000 USD
|
|
common
stock
|
Purchase
|
5,233
|
41.2439 USD
|
|
common
stock
|
Purchase
|
4,821
|
41.6971 USD
|
|
common
stock
|
Purchase
|
4,261
|
41.7466 USD
|
|
common
stock
|
Purchase
|
3,571
|
41.2555 USD
|
|
common
stock
|
Purchase
|
3,009
|
41.6084 USD
|
|
common
stock
|
Purchase
|
2,098
|
41.7275 USD
|
|
common
stock
|
Purchase
|
2,078
|
41.7004 USD
|
|
common
stock
|
Purchase
|
1,926
|
41.4179 USD
|
|
common
stock
|
Purchase
|
1,360
|
41.1825 USD
|
|
common
stock
|
Purchase
|
1,294
|
41.8454 USD
|
|
common
stock
|
Purchase
|
1,242
|
41.9651 USD
|
|
common
stock
|
Purchase
|
1,209
|
41.5394 USD
|
|
common
stock
|
Purchase
|
1,159
|
41.7905 USD
|
|
common
stock
|
Purchase
|
1,119
|
41.2428 USD
|
|
common
stock
|
Purchase
|
930
|
41.5265 USD
|
|
common
stock
|
Purchase
|
900
|
41.1822 USD
|
|
common
stock
|
Purchase
|
837
|
41.2676 USD
|
|
common
stock
|
Purchase
|
815
|
41.9471 USD
|
|
common
stock
|
Purchase
|
724
|
41.4534 USD
|
|
common
stock
|
Purchase
|
715
|
41.7505 USD
|
|
common
stock
|
Purchase
|
711
|
41.2282 USD
|
|
common
stock
|
Purchase
|
638
|
41.7191 USD
|
|
common
stock
|
Purchase
|
600
|
41.8500 USD
|
|
common
stock
|
Purchase
|
340
|
41.5722 USD
|
|
common
stock
|
Purchase
|
310
|
41.7532 USD
|
|
common
stock
|
Purchase
|
302
|
41.8999 USD
|
|
common
stock
|
Purchase
|
300
|
41.2466 USD
|
|
common
stock
|
Purchase
|
300
|
41.2400 USD
|
|
common
stock
|
Purchase
|
300
|
41.2350 USD
|
|
common
stock
|
Purchase
|
200
|
42.0050 USD
|
|
common
stock
|
Purchase
|
200
|
41.7850 USD
|
|
common
stock
|
Purchase
|
200
|
41.6600 USD
|
|
common
stock
|
Purchase
|
200
|
42.0150 USD
|
|
common
stock
|
Purchase
|
200
|
41.6750 USD
|
|
common
stock
|
Purchase
|
199
|
41.9100 USD
|
|
common
stock
|
Purchase
|
176
|
41.9890 USD
|
|
common
stock
|
Purchase
|
150
|
41.8033 USD
|
|
common
stock
|
Purchase
|
126
|
41.7756 USD
|
|
common
stock
|
Purchase
|
112
|
41.3310 USD
|
|
common
stock
|
Purchase
|
106
|
41.5479 USD
|
|
common
stock
|
Purchase
|
102
|
41.1700 USD
|
|
common
stock
|
Purchase
|
100
|
41.2500 USD
|
|
common
stock
|
Purchase
|
100
|
41.1600 USD
|
|
common
stock
|
Purchase
|
100
|
42.0850 USD
|
|
common
stock
|
Purchase
|
100
|
42.0550 USD
|
|
common
stock
|
Purchase
|
83
|
41.9628 USD
|
|
common
stock
|
Purchase
|
79
|
41.7525 USD
|
|
common
stock
|
Purchase
|
76
|
42.0450 USD
|
|
common
stock
|
Purchase
|
69
|
42.1100 USD
|
|
common
stock
|
Purchase
|
57
|
42.0900 USD
|
|
common
stock
|
Purchase
|
37
|
41.4202 USD
|
|
common
stock
|
Purchase
|
27
|
41.6475 USD
|
|
common
stock
|
Sale
|
193,658
|
42.0485 USD
|
|
common
stock
|
Sale
|
61,686
|
41.8169 USD
|
|
common
stock
|
Sale
|
49,400
|
41.5395 USD
|
|
common
stock
|
Sale
|
47,271
|
41.8375 USD
|
|
common
stock
|
Sale
|
43,965
|
41.7668 USD
|
|
common
stock
|
Sale
|
36,336
|
41.4395 USD
|
|
common
stock
|
Sale
|
22,248
|
42.0851 USD
|
|
common
stock
|
Sale
|
21,302
|
41.5864 USD
|
|
common
stock
|
Sale
|
18,280
|
41.8314 USD
|
|
common
stock
|
Sale
|
17,015
|
41.7354 USD
|
|
common
stock
|
Sale
|
16,147
|
41.1997 USD
|
|
common
stock
|
Sale
|
15,736
|
41.8854 USD
|
|
common
stock
|
Sale
|
14,200
|
41.8069 USD
|
|
common
stock
|
Sale
|
13,201
|
42.1000 USD
|
|
common
stock
|
Sale
|
11,903
|
41.6059 USD
|
|
common
stock
|
Sale
|
9,217
|
41.9060 USD
|
|
common
stock
|
Sale
|
9,088
|
41.1457 USD
|
|
common
stock
|
Sale
|
8,115
|
41.2865 USD
|
|
common
stock
|
Sale
|
5,829
|
41.9128 USD
|
|
common
stock
|
Sale
|
4,295
|
41.4670 USD
|
|
common
stock
|
Sale
|
3,744
|
41.9685 USD
|
|
common
stock
|
Sale
|
3,742
|
41.5901 USD
|
|
common
stock
|
Sale
|
3,321
|
41.5749 USD
|
|
common
stock
|
Sale
|
3,153
|
41.8793 USD
|
|
common
stock
|
Sale
|
2,806
|
41.8838 USD
|
|
common
stock
|
Sale
|
2,726
|
42.0617 USD
|
|
common
stock
|
Sale
|
2,647
|
41.9687 USD
|
|
common
stock
|
Sale
|
1,996
|
41.9518 USD
|
|
common
stock
|
Sale
|
1,990
|
41.7902 USD
|
|
common
stock
|
Sale
|
1,959
|
41.8961 USD
|
|
common
stock
|
Sale
|
1,817
|
41.8909 USD
|
|
common
stock
|
Sale
|
1,797
|
41.7491 USD
|
|
common
stock
|
Sale
|
1,700
|
41.2567 USD
|
|
common
stock
|
Sale
|
1,572
|
41.8093 USD
|
|
common
stock
|
Sale
|
1,375
|
41.7133 USD
|
|
common
stock
|
Sale
|
1,274
|
41.5458 USD
|
|
common
stock
|
Sale
|
1,242
|
41.9651 USD
|
|
common
stock
|
Sale
|
1,200
|
41.5950 USD
|
|
common
stock
|
Sale
|
1,159
|
41.7905 USD
|
|
common
stock
|
Sale
|
963
|
42.0122 USD
|
|
common
stock
|
Sale
|
839
|
41.5212 USD
|
|
common
stock
|
Sale
|
815
|
41.9471 USD
|
|
common
stock
|
Sale
|
762
|
41.7359 USD
|
|
common
stock
|
Sale
|
614
|
41.6316 USD
|
|
common
stock
|
Sale
|
600
|
41.9750 USD
|
|
common
stock
|
Sale
|
495
|
41.9989 USD
|
|
common
stock
|
Sale
|
317
|
41.9810 USD
|
|
common
stock
|
Sale
|
302
|
41.8999 USD
|
|
common
stock
|
Sale
|
301
|
41.5438 USD
|
|
common
stock
|
Sale
|
264
|
42.0240 USD
|
|
common
stock
|
Sale
|
210
|
41.6233 USD
|
|
common
stock
|
Sale
|
176
|
41.9890 USD
|
|
common
stock
|
Sale
|
126
|
41.7756 USD
|
|
common
stock
|
Sale
|
106
|
41.5479 USD
|
|
common
stock
|
Sale
|
100
|
41.5800 USD
|
|
common
stock
|
Sale
|
100
|
41.8400 USD
|
|
common
stock
|
Sale
|
100
|
42.0550 USD
|
|
common
stock
|
Sale
|
100
|
41.9700 USD
|
|
common
stock
|
Sale
|
99
|
42.0559 USD
|
|
common
stock
|
Sale
|
91
|
41.5757 USD
|
|
common
stock
|
Sale
|
78
|
41.7200 USD
|
|
common
stock
|
Sale
|
66
|
42.0100 USD
|
|
common
stock
|
Sale
|
37
|
41.8900 USD
|
|
common
stock
|
Sale
|
27
|
41.6475 USD
|
|
common
stock
|
Sale
|
6
|
41.2816 USD
|
|
common
stock
|
Sale
|
6
|
42.0900 USD
|
|
(b)
|
Cash-settled derivative transactions
|
|
Class of
relevant
security
|
Product
description
|
Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(c)
|
Stock-settled derivative transactions
(including options)
|
|
(i)
|
Writing, selling, purchasing or varying
|
|
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
|
Option
money
paid/
received
per unit
|
|
common
stock
|
Call
Options
|
Purchasing
|
12,000
|
TBD
|
TBD
|
24-May-24
|
7.7000 USD
|
|
common
stock
|
Call
Options
|
Selling
|
130,000
|
TBD
|
TBD
|
21-Jun-24
|
1.1600 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
24,000
|
TBD
|
TBD
|
21-Jun-24
|
10.1000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
12,000
|
TBD
|
TBD
|
24-May-24
|
5.8000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
200,000
|
34.0000 USD
|
American
|
21-Jun-24
|
7.5100 USD
|
|
common
stock
|
Call
Options
|
Selling
|
200,000
|
TBD
|
TBD
|
21-Jun-24
|
6.5000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
6,000
|
TBD
|
TBD
|
21-Jun-24
|
12.2000 USD
|
|
common
stock
|
Call
Options
|
Selling
|
102,000
|
TBD
|
TBD
|
31-May-24
|
6.4000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
12,000
|
TBD
|
TBD
|
24-May-24
|
2.4000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
12,000
|
TBD
|
TBD
|
24-May-24
|
2.9000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
6,000
|
TBD
|
TBD
|
07-Jun-24
|
6.6000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
6,000
|
TBD
|
TBD
|
31-May-24
|
6.6000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
6,000
|
TBD
|
TBD
|
31-May-24
|
9.7000 USD
|
|
common
stock
|
Call
Options
|
Purchasing
|
6,000
|
TBD
|
TBD
|
24-May-24
|
4.7000 USD
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Exercising
|
|
|
|
|
|
|
|
Class of relevant
security
|
Product
description
|
Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other dealings (including subscribing for
new securities)
|
|
Class of relevant
security
|
Nature of
Dealings
|
Details
|
Price per unit (if
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 person 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:
|
23 May 2024
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|