| 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: | 15 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: | | | 623,850 | 0.18% | 648,310 | 0.19% |
| (2) | Cash-settled derivatives: | | | | | ||
| | and/or controlled: | | | 525,669 | 0.15% | 13,660 | 0.00% |
| (3) | Stock-settled derivatives (including options) | | | | | ||
| | and agreements to purchase/sell: | | | 0 | 0.00% | 0 | 0.00% |
| | | | | | | | |
| | TOTAL: | | | 1,149,519 | 0.33% | 661,970 | 0.19% |
| (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 | 118,134 | 55.5401 USD | ||||
| common stock | Purchase | 85,497 | 55.6215 USD | ||||
| common stock | Purchase | 64,909 | 55.6308 USD | ||||
| common stock | Purchase | 51,766 | 55.5519 USD | ||||
| common stock | Purchase | 49,988 | 55.5839 USD | ||||
| common stock | Purchase | 38,727 | 55.6600 USD | ||||
| common stock | Purchase | 28,055 | 55.5433 USD | ||||
| common stock | Purchase | 18,000 | 55.5844 USD | ||||
| common stock | Purchase | 16,782 | 55.5220 USD | ||||
| common stock | Purchase | 14,142 | 55.5561 USD | ||||
| common stock | Purchase | 7,114 | 55.5328 USD | ||||
| common stock | Purchase | 6,158 | 55.4982 USD | ||||
| common stock | Purchase | 4,744 | 55.5125 USD | ||||
| common stock | Purchase | 4,728 | 55.4603 USD | ||||
| common stock | Purchase | 4,655 | 55.4593 USD | ||||
| common stock | Purchase | 3,953 | 55.5395 USD | ||||
| common stock | Purchase | 3,109 | 55.7077 USD | ||||
| common stock | Purchase | 3,062 | 55.4817 USD | ||||
| common stock | Purchase | 2,237 | 55.3778 USD | ||||
| common stock | Purchase | 2,146 | 55.5411 USD | ||||
| common stock | Purchase | 1,815 | 55.7732 USD | ||||
| common stock | Purchase | 1,735 | 55.6599 USD | ||||
| common stock | Purchase | 1,614 | 55.7036 USD | ||||
| common stock | Purchase | 1,508 | 55.4978 USD | ||||
| common stock | Purchase | 1,501 | 55.6675 USD | ||||
| common stock | Purchase | 1,254 | 55.4064 USD | ||||
| common stock | Purchase | 1,100 | 55.5690 USD | ||||
| common stock | Purchase | 997 | 55.6139 USD | ||||
| common stock | Purchase | 818 | 55.6791 USD | ||||
| common stock | Purchase | 438 | 55.4807 USD | ||||
| common stock | Purchase | 400 | 55.4950 USD | ||||
| common stock | Purchase | 392 | 55.6837 USD | ||||
| common stock | Purchase | 389 | 56.0000 USD | ||||
| common stock | Purchase | 359 | 55.5344 USD | ||||
| common stock | Purchase | 314 | 55.5379 USD | ||||
| common stock | Purchase | 221 | 55.3830 USD | ||||
| common stock | Purchase | 200 | 55.3750 USD | ||||
| common stock | Purchase | 154 | 55.6057 USD | ||||
| common stock | Purchase | 153 | 55.5865 USD | ||||
| common stock | Purchase | 100 | 55.6900 USD | ||||
| common stock | Purchase | 100 | 55.3100 USD | ||||
| common stock | Purchase | 42 | 55.4600 USD | ||||
| common stock | Purchase | 3 | 55.4800 USD | ||||
| common stock | Purchase | 3 | 56.0550 USD | ||||
| common stock | Sale | 183,309 | 55.5622 USD | ||||
| common stock | Sale | 73,250 | 55.6064 USD | ||||
| common stock | Sale | 68,288 | 55.5192 USD | ||||
| common stock | Sale | 60,151 | 55.6600 USD | ||||
| common stock | Sale | 25,667 | 55.5965 USD | ||||
| common stock | Sale | 14,608 | 55.5183 USD | ||||
| common stock | Sale | 12,373 | 55.4869 USD | ||||
| common stock | Sale | 11,836 | 55.6001 USD | ||||
| common stock | Sale | 11,271 | 55.5764 USD | ||||
| common stock | Sale | 11,177 | 55.6304 USD | ||||
| common stock | Sale | 7,560 | 55.6545 USD | ||||
| common stock | Sale | 7,457 | 55.4906 USD | ||||
| common stock | Sale | 5,893 | 55.5433 USD | ||||
| common stock | Sale | 5,581 | 55.5397 USD | ||||
| common stock | Sale | 4,946 | 55.6626 USD | ||||
| common stock | Sale | 3,866 | 55.5118 USD | ||||
| common stock | Sale | 3,470 | 55.6599 USD | ||||
| common stock | Sale | 3,324 | 55.6422 USD | ||||
| common stock | Sale | 2,983 | 55.3626 USD | ||||
| common stock | Sale | 2,211 | 55.6309 USD | ||||
| common stock | Sale | 2,151 | 55.7700 USD | ||||
| common stock | Sale | 2,101 | 55.5250 USD | ||||
| common stock | Sale | 1,332 | 55.6147 USD | ||||
| common stock | Sale | 1,185 | 55.5265 USD | ||||
| common stock | Sale | 1,003 | 55.5584 USD | ||||
| common stock | Sale | 1,000 | 55.5470 USD | ||||
| common stock | Sale | 590 | 55.6349 USD | ||||
| common stock | Sale | 376 | 55.6584 USD | ||||
| common stock | Sale | 331 | 55.7742 USD | ||||
| common stock | Sale | 282 | 55.5228 USD | ||||
| common stock | Sale | 251 | 55.6700 USD | ||||
| common stock | Sale | 158 | 55.3516 USD | ||||
| common stock | Sale | 154 | 55.6057 USD | ||||
| common stock | Sale | 135 | 55.6014 USD | ||||
| common stock | Sale | 134 | 55.4612 USD | ||||
| common stock | Sale | 130 | 55.6011 USD | ||||
| common stock | Sale | 127 | 55.5495 USD | ||||
| common stock | Sale | 124 | 56.0000 USD | ||||
| common stock | Sale | 110 | 56.0963 USD | ||||
| common stock | Sale | 105 | 56.0500 USD | ||||
| common stock | Sale | 67 | 55.5200 USD | ||||
| common stock | Sale | 46 | 55.6410 USD | ||||
| common stock | Sale | 37 | 55.4700 USD | ||||
| common stock | Sale | 34 | 55.4087 USD | ||||
| common stock | Sale | 31 | 55.2800 USD | ||||
| common stock | Sale | 30 | 55.3200 USD | ||||
| common stock | Sale | 30 | 55.7487 USD | ||||
| common stock | Sale | 30 | 55.4283 USD | ||||
| common stock | Sale | 28 | 55.3600 USD | ||||
| common stock | Sale | 25 | 55.1000 USD | ||||
| common stock | Sale | 20 | 55.1125 USD | ||||
| common stock | Sale | 20 | 55.5600 USD | ||||
| common stock | Sale | 15 | 56.0200 USD | ||||
| common stock | Sale | 5 | 55.5700 USD | ||||
| common stock | Sale | 5 | 55.1200 USD | ||||
| common stock | Sale | 5 | 55.4400 USD | ||||
| common stock | Sale | 3 | 55.4800 USD | ||||
| common stock | Sale | 1 | 55.4500 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 | Decreasing Long | 43 | 55.6609 USD | |||
| common stock | SWAP | Decreasing Long | 665 | 55.6610 USD | |||
| common stock | SWAP | Decreasing Long | 7,713 | 55.6625 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: | 16 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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