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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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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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23
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?
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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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to
which the disclosure relates following the dealing(if
any)
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Class of relevant security:
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common stock
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Interests
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Short
Positions
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Number
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(%)
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Number
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(%)
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(1)
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Relevant securities owned
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and/or controlled:
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734,089
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0.21%
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614,209
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0.18%
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(2)
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Cash-settled derivatives:
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and/or controlled:
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515,691
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0.15%
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20,310
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0.01%
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(3)
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Stock-settled derivatives (including
options)
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and
agreements to purchase/sell:
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0
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0.00%
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35,000
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0.01%
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TOTAL:
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1,249,780
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0.36%
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669,519
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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
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Purchase/sale
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Number of
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Price per
unit
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security
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|
securities
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common
stock
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Purchase
|
82,190
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58.5690 USD
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common
stock
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Purchase
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78,434
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58.4860 USD
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|
common
stock
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Purchase
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35,088
|
58.4644 USD
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|
common
stock
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Purchase
|
29,317
|
58.4442 USD
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|
common
stock
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Purchase
|
19,879
|
58.6000 USD
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|
common
stock
|
Purchase
|
12,710
|
58.4902 USD
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|
common
stock
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Purchase
|
12,290
|
58.4504 USD
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|
common
stock
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Purchase
|
11,643
|
58.5663 USD
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|
common
stock
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Purchase
|
9,356
|
58.5925 USD
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|
common
stock
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Purchase
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8,493
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58.5284 USD
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|
common
stock
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Purchase
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7,326
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58.3462 USD
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|
common
stock
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Purchase
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4,271
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58.4394 USD
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|
common
stock
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Purchase
|
3,981
|
58.4637 USD
|
|
common
stock
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Purchase
|
2,254
|
58.3482 USD
|
|
common
stock
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Purchase
|
2,200
|
58.1836 USD
|
|
common
stock
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Purchase
|
1,455
|
58.3415 USD
|
|
common
stock
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Purchase
|
1,206
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58.6047 USD
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|
common
stock
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Purchase
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1,106
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58.6060 USD
|
|
common
stock
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Purchase
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1,001
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58.4007 USD
|
|
common
stock
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Purchase
|
611
|
58.2300 USD
|
|
common
stock
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Purchase
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501
|
58.2936 USD
|
|
common
stock
|
Purchase
|
440
|
58.3622 USD
|
|
common
stock
|
Purchase
|
404
|
58.2289 USD
|
|
common
stock
|
Purchase
|
367
|
58.4137 USD
|
|
common
stock
|
Purchase
|
304
|
58.2319 USD
|
|
common
stock
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Purchase
|
286
|
58.3943 USD
|
|
common
stock
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Purchase
|
201
|
58.5564 USD
|
|
common
stock
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Purchase
|
160
|
58.3406 USD
|
|
common
stock
|
Purchase
|
121
|
58.4200 USD
|
|
common
stock
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Purchase
|
100
|
58.5400 USD
|
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common
stock
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Purchase
|
100
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58.5900 USD
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common
stock
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Purchase
|
100
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58.4700 USD
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common
stock
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Purchase
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100
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58.2200 USD
|
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common
stock
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Purchase
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58
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58.1500 USD
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common
stock
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Purchase
|
52
|
58.4993 USD
|
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common
stock
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Purchase
|
26
|
58.4100 USD
|
|
common
stock
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Purchase
|
17
|
58.0600 USD
|
|
common
stock
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Purchase
|
9
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58.1261 USD
|
|
common
stock
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Purchase
|
8
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58.4500 USD
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common
stock
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Purchase
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5
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58.2400 USD
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common
stock
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Sale
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125,694
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58.5483 USD
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common
stock
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Sale
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35,875
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58.5525 USD
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common
stock
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Sale
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23,516
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58.6000 USD
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common
stock
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Sale
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17,130
|
58.4183 USD
|
|
common
stock
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Sale
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17,116
|
58.2951 USD
|
|
common
stock
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Sale
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14,897
|
58.4010 USD
|
|
common
stock
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Sale
|
14,414
|
58.4457 USD
|
|
common
stock
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Sale
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12,190
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58.4377 USD
|
|
common
stock
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Sale
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11,807
|
58.4563 USD
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|
common
stock
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Sale
|
10,136
|
58.5920 USD
|
|
common
stock
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Sale
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9,559
|
58.5520 USD
|
|
common
stock
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Sale
|
5,249
|
58.4086 USD
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|
common
stock
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Sale
|
5,145
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58.4203 USD
|
|
common
stock
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Sale
|
5,088
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58.4815 USD
|
|
common
stock
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Sale
|
3,390
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58.5389 USD
|
|
common
stock
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Sale
|
2,713
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58.4649 USD
|
|
common
stock
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Sale
|
2,633
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58.4205 USD
|
|
common
stock
|
Sale
|
1,643
|
58.4914 USD
|
|
common
stock
|
Sale
|
1,206
|
58.6047 USD
|
|
common
stock
|
Sale
|
941
|
58.3382 USD
|
|
common
stock
|
Sale
|
877
|
58.4277 USD
|
|
common
stock
|
Sale
|
800
|
58.4432 USD
|
|
common
stock
|
Sale
|
783
|
58.5147 USD
|
|
common
stock
|
Sale
|
775
|
58.3979 USD
|
|
common
stock
|
Sale
|
560
|
58.3960 USD
|
|
common
stock
|
Sale
|
431
|
58.3344 USD
|
|
common
stock
|
Sale
|
404
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58.2290 USD
|
|
common
stock
|
Sale
|
404
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58.2289 USD
|
|
common
stock
|
Sale
|
367
|
58.4137 USD
|
|
common
stock
|
Sale
|
347
|
58.5271 USD
|
|
common
stock
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Sale
|
251
|
58.1985 USD
|
|
common
stock
|
Sale
|
175
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58.4700 USD
|
|
common
stock
|
Sale
|
163
|
58.1969 USD
|
|
common
stock
|
Sale
|
160
|
58.3406 USD
|
|
common
stock
|
Sale
|
120
|
58.3150 USD
|
|
common
stock
|
Sale
|
105
|
58.5550 USD
|
|
common
stock
|
Sale
|
100
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58.1200 USD
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|
common
stock
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Sale
|
95
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58.4000 USD
|
|
common
stock
|
Sale
|
82
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58.5300 USD
|
|
common
stock
|
Sale
|
58
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58.1500 USD
|
|
common
stock
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Sale
|
40
|
58.2475 USD
|
|
common
stock
|
Sale
|
40
|
58.4075 USD
|
|
common
stock
|
Sale
|
34
|
58.1275 USD
|
|
common
stock
|
Sale
|
30
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58.1383 USD
|
|
common
stock
|
Sale
|
26
|
58.4100 USD
|
|
common
stock
|
Sale
|
25
|
58.3740 USD
|
|
common
stock
|
Sale
|
23
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58.2368 USD
|
|
common
stock
|
Sale
|
21
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58.4200 USD
|
|
common
stock
|
Sale
|
21
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58.2150 USD
|
|
common
stock
|
Sale
|
20
|
58.1900 USD
|
|
common
stock
|
Sale
|
15
|
58.3300 USD
|
|
common
stock
|
Sale
|
8
|
58.3750 USD
|
|
common
stock
|
Sale
|
5
|
58.0550 USD
|
|
common
stock
|
Sale
|
5
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58.4850 USD
|
|
common
stock
|
Sale
|
5
|
57.9931 USD
|
|
common
stock
|
Sale
|
5
|
58.0400 USD
|
|
|
|
|
|
|
|
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(b)
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Cash-settled derivative transactions
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Class of
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Product
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Nature of
dealing
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Number of
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Price per
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relevant
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description
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reference
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unit
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security
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|
securities
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common
stock
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SWAP
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Increasing Long
|
122
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58.5990 USD
|
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(c)
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Stock-settled derivative transactions (including
options)
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(i)
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Writing, selling, purchasing or varying
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Class
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Product
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Writing,
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Number
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Exercise
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Type
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Expiry
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Option
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of
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description
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purchasing,
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of
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price
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date
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money
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relevant
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selling,
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securities
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per unit
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paid/
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security
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varying etc
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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)
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Exercising
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Class of
relevant
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Product
description
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Exercising/ exercised
against
|
Number of
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Exercise price
per
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|
security
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securities
|
unit
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(d)
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Other dealings (including subscribing for new
securities)
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Class of
relevant
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Nature of
Dealings
|
Details
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Price per unit
(if
|
|
security
|
|
|
applicable)
|
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4.
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OTHER
INFORMATION
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(a)
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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
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(b)
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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
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(c)
|
Attachments
|
|
|
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|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
YES
|
|
Date of disclosure:
|
27 Jan 2025
|
|
Contact name:
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Large Holdings Regulatory
Operations
|
|
Telephone number:
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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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