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FORM 8.3
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE
BY
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A
PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%
OR
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MORE
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Rule 8.3 of the Takeover Code
(the "Code")
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1.
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KEY
INFORMATION
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(a)
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Full name of discloser:
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Barclays PLC.
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(b)
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Owner or controller of interest and short
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positions disclosed, if different from 1(a):
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(c)
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Name of offeror/offeree in relation to whose
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INTERNATIONAL PAPER COMPANY
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relevant securities this form relates:
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(d)
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If
an exempt fund manager connected with an
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|
|
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offeror/offeree, state this and specify identity
of
|
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offeror/offeree:
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(e)
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Date position held/dealing undertaken:
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22
Jan 2025
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(f)
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In
addition to the company in 1(c) above, is the discloser
making
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YES:
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disclosures in respect of any other party to the
offer?
|
DS
SMITH PLC
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2.
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POSITIONS OF THE PERSON MAKING THE
DISCLOSURE
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(a)
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Interests and short positions in the relevant securities of
the offeror or offeree
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|
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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
|
|
|
Number
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(%)
|
Number
|
(%)
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|
(1)
|
Relevant securities owned
|
|
|
|
|
|
|
and/or controlled:
|
|
|
735,596
|
0.21%
|
620,353
|
0.18%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
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|
and/or controlled:
|
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|
515,569
|
0.15%
|
20,310
|
0.01%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
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|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
35,000
|
0.01%
|
|
|
|
|
|
|
|
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|
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TOTAL:
|
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1,251,165
|
0.36%
|
675,663
|
0.19%
|
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(b)
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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.
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DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL
TRADER
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(a)
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Purchases and sales
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Class of
relevant
|
Purchase/sale
|
Number of
|
Price per
unit
|
|
security
|
|
securities
|
|
|
common
stock
|
Purchase
|
150,194
|
58.1928 USD
|
|
common
stock
|
Purchase
|
67,255
|
58.1717 USD
|
|
common
stock
|
Purchase
|
45,236
|
58.1978 USD
|
|
common
stock
|
Purchase
|
33,979
|
58.1955 USD
|
|
common
stock
|
Purchase
|
33,357
|
58.1854 USD
|
|
common
stock
|
Purchase
|
25,033
|
58.1876 USD
|
|
common
stock
|
Purchase
|
23,742
|
58.1900 USD
|
|
common
stock
|
Purchase
|
22,280
|
58.1908 USD
|
|
common
stock
|
Purchase
|
8,408
|
58.1952 USD
|
|
common
stock
|
Purchase
|
8,315
|
58.1809 USD
|
|
common
stock
|
Purchase
|
8,287
|
58.1912 USD
|
|
common
stock
|
Purchase
|
7,148
|
58.1427 USD
|
|
common
stock
|
Purchase
|
7,087
|
58.1482 USD
|
|
common
stock
|
Purchase
|
6,679
|
58.1566 USD
|
|
common
stock
|
Purchase
|
6,209
|
58.1756 USD
|
|
common
stock
|
Purchase
|
3,697
|
58.1968 USD
|
|
common
stock
|
Purchase
|
3,614
|
58.1635 USD
|
|
common
stock
|
Purchase
|
3,187
|
58.1550 USD
|
|
common
stock
|
Purchase
|
2,770
|
58.3423 USD
|
|
common
stock
|
Purchase
|
2,336
|
58.1865 USD
|
|
common
stock
|
Purchase
|
2,213
|
58.0994 USD
|
|
common
stock
|
Purchase
|
1,718
|
58.1925 USD
|
|
common
stock
|
Purchase
|
1,700
|
58.0629 USD
|
|
common
stock
|
Purchase
|
1,600
|
58.1162 USD
|
|
common
stock
|
Purchase
|
1,560
|
58.2262 USD
|
|
common
stock
|
Purchase
|
1,523
|
58.0949 USD
|
|
common
stock
|
Purchase
|
1,403
|
58.1407 USD
|
|
common
stock
|
Purchase
|
1,285
|
58.1000 USD
|
|
common
stock
|
Purchase
|
1,194
|
58.1836 USD
|
|
common
stock
|
Purchase
|
995
|
58.1641 USD
|
|
common
stock
|
Purchase
|
765
|
58.1136 USD
|
|
common
stock
|
Purchase
|
673
|
58.1827 USD
|
|
common
stock
|
Purchase
|
600
|
58.0050 USD
|
|
common
stock
|
Purchase
|
583
|
58.2687 USD
|
|
common
stock
|
Purchase
|
503
|
58.1675 USD
|
|
common
stock
|
Purchase
|
471
|
58.2566 USD
|
|
common
stock
|
Purchase
|
316
|
58.0536 USD
|
|
common
stock
|
Purchase
|
312
|
58.0503 USD
|
|
common
stock
|
Purchase
|
204
|
58.1337 USD
|
|
common
stock
|
Purchase
|
200
|
58.0500 USD
|
|
common
stock
|
Purchase
|
200
|
58.1950 USD
|
|
common
stock
|
Purchase
|
121
|
58.0681 USD
|
|
common
stock
|
Purchase
|
100
|
58.1500 USD
|
|
common
stock
|
Purchase
|
100
|
58.2000 USD
|
|
common
stock
|
Purchase
|
61
|
58.1800 USD
|
|
common
stock
|
Purchase
|
40
|
58.1600 USD
|
|
common
stock
|
Purchase
|
1
|
58.1300 USD
|
|
common
stock
|
Purchase
|
1
|
58.0300 USD
|
|
common
stock
|
Sale
|
67,255
|
58.1717 USD
|
|
common
stock
|
Sale
|
54,395
|
58.2087 USD
|
|
common
stock
|
Sale
|
36,372
|
58.2056 USD
|
|
common
stock
|
Sale
|
29,397
|
58.1562 USD
|
|
common
stock
|
Sale
|
27,505
|
58.1589 USD
|
|
common
stock
|
Sale
|
26,207
|
58.1927 USD
|
|
common
stock
|
Sale
|
23,050
|
58.2278 USD
|
|
common
stock
|
Sale
|
18,213
|
58.1992 USD
|
|
common
stock
|
Sale
|
16,229
|
58.1630 USD
|
|
common
stock
|
Sale
|
16,102
|
58.2215 USD
|
|
common
stock
|
Sale
|
15,941
|
58.1944 USD
|
|
common
stock
|
Sale
|
12,635
|
58.1532 USD
|
|
common
stock
|
Sale
|
11,153
|
58.1900 USD
|
|
common
stock
|
Sale
|
10,839
|
58.1644 USD
|
|
common
stock
|
Sale
|
10,504
|
58.1807 USD
|
|
common
stock
|
Sale
|
8,315
|
58.1809 USD
|
|
common
stock
|
Sale
|
5,398
|
58.1950 USD
|
|
common
stock
|
Sale
|
4,538
|
58.1634 USD
|
|
common
stock
|
Sale
|
4,152
|
58.2647 USD
|
|
common
stock
|
Sale
|
3,155
|
58.1225 USD
|
|
common
stock
|
Sale
|
2,770
|
58.3423 USD
|
|
common
stock
|
Sale
|
2,650
|
58.0596 USD
|
|
common
stock
|
Sale
|
2,571
|
58.1380 USD
|
|
common
stock
|
Sale
|
2,485
|
58.2081 USD
|
|
common
stock
|
Sale
|
2,336
|
58.1179 USD
|
|
common
stock
|
Sale
|
1,857
|
58.2830 USD
|
|
common
stock
|
Sale
|
1,537
|
58.1977 USD
|
|
common
stock
|
Sale
|
1,299
|
58.1846 USD
|
|
common
stock
|
Sale
|
1,194
|
58.1836 USD
|
|
common
stock
|
Sale
|
989
|
58.2630 USD
|
|
common
stock
|
Sale
|
583
|
58.2687 USD
|
|
common
stock
|
Sale
|
500
|
58.1420 USD
|
|
common
stock
|
Sale
|
431
|
58.2653 USD
|
|
common
stock
|
Sale
|
361
|
58.1594 USD
|
|
common
stock
|
Sale
|
346
|
58.2809 USD
|
|
common
stock
|
Sale
|
300
|
58.0666 USD
|
|
common
stock
|
Sale
|
300
|
58.1250 USD
|
|
common
stock
|
Sale
|
300
|
57.8850 USD
|
|
common
stock
|
Sale
|
200
|
58.2500 USD
|
|
common
stock
|
Sale
|
142
|
58.1880 USD
|
|
common
stock
|
Sale
|
125
|
58.1020 USD
|
|
common
stock
|
Sale
|
125
|
58.1920 USD
|
|
common
stock
|
Sale
|
105
|
58.2523 USD
|
|
common
stock
|
Sale
|
100
|
58.2000 USD
|
|
common
stock
|
Sale
|
100
|
58.2300 USD
|
|
common
stock
|
Sale
|
100
|
58.2900 USD
|
|
common
stock
|
Sale
|
69
|
58.1813 USD
|
|
common
stock
|
Sale
|
43
|
58.4050 USD
|
|
common
stock
|
Sale
|
35
|
58.0935 USD
|
|
common
stock
|
Sale
|
35
|
58.1442 USD
|
|
common
stock
|
Sale
|
32
|
58.2600 USD
|
|
common
stock
|
Sale
|
30
|
58.1290 USD
|
|
common
stock
|
Sale
|
20
|
58.1700 USD
|
|
common
stock
|
Sale
|
15
|
58.0700 USD
|
|
common
stock
|
Sale
|
5
|
58.1600 USD
|
|
common
stock
|
Sale
|
5
|
58.2700 USD
|
|
common
stock
|
Sale
|
5
|
58.0800 USD
|
|
common
stock
|
Sale
|
5
|
57.9640 USD
|
|
common
stock
|
Sale
|
1
|
58.1300 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
|
Opening
Short
|
13,300
|
58.1900 USD
|
|
common
stock
|
SWAP
|
Increasing Long
|
17
|
58.1888 USD
|
|
common
stock
|
SWAP
|
Increasing Long
|
3,211
|
58.1648 USD
|
|
common
stock
|
SWAP
|
Decreasing Long
|
32,125
|
58.1531 USD
|
|
|
|
|
|
|
|
|
|
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(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
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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(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:
|
23 Jan 2025
|
|
Contact name:
|
Large Holdings Regulatory
Operations
|
|
Telephone number:
|
020 3134
7213
|
|
|
|
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|
|
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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|
