| 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 |
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| positions disclosed, if different from 1(a): | ||||||
| (c) | Name of offeror/offeree in relation to whose | INTERNATIONAL PAPER COMPANY | |||||
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| relevant securities this form relates: | ||||||
| (d) | 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: | ||||||
| (e) | Date position held/dealing undertaken: | 16 Jan 2025 | |||||
| (f) | In addition to the company in 1(c) above, is the discloser making | YES: |
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| disclosures in respect of any other party to the offer? | DS SMITH PLC |
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| 2. | POSITIONS OF THE PERSON MAKING THE DISCLOSURE | ||||||
| (a) | 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: | common stock | ||||||
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| Interests | Short Positions | |||||
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| Number | (%) | Number | (%) | |||
| (1) | Relevant securities owned |
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| and/or controlled: |
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| 624,677 | 0.18% | 624,683 | 0.18% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 515,044 | 0.15% | 13,660 | 0.00% |
| (3) | Stock-settled derivatives (including options) |
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| and agreements to purchase/sell: |
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| 0 | 0.00% | 0 | 0.00% |
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| TOTAL: |
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| 1,139,721 | 0.33% | 638,343 | 0.18% |
| (b) | 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. | DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER | ||||||
| (a) | Purchases and sales |
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| Class of relevant | Purchase/sale | Number of | Price per unit | ||||
| security |
| securities |
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| common stock | Purchase | 139,338 | 55.6457 USD | ||||
| common stock | Purchase | 83,949 | 56.1367 USD | ||||
| common stock | Purchase | 43,376 | 56.2443 USD | ||||
| common stock | Purchase | 41,277 | 56.0654 USD | ||||
| common stock | Purchase | 38,521 | 56.2600 USD | ||||
| common stock | Purchase | 38,413 | 55.6084 USD | ||||
| common stock | Purchase | 37,583 | 56.3132 USD | ||||
| common stock | Purchase | 36,238 | 56.1701 USD | ||||
| common stock | Purchase | 35,333 | 56.2599 USD | ||||
| common stock | Purchase | 20,049 | 55.7480 USD | ||||
| common stock | Purchase | 19,700 | 56.3141 USD | ||||
| common stock | Purchase | 14,977 | 55.8045 USD | ||||
| common stock | Purchase | 10,986 | 55.6217 USD | ||||
| common stock | Purchase | 10,074 | 56.3156 USD | ||||
| common stock | Purchase | 9,602 | 56.3138 USD | ||||
| common stock | Purchase | 8,586 | 56.0962 USD | ||||
| common stock | Purchase | 8,307 | 56.3127 USD | ||||
| common stock | Purchase | 6,933 | 55.8174 USD | ||||
| common stock | Purchase | 5,601 | 56.2812 USD | ||||
| common stock | Purchase | 5,312 | 55.3512 USD | ||||
| common stock | Purchase | 4,669 | 55.8681 USD | ||||
| common stock | Purchase | 3,539 | 56.1219 USD | ||||
| common stock | Purchase | 2,512 | 55.6645 USD | ||||
| common stock | Purchase | 2,201 | 56.3090 USD | ||||
| common stock | Purchase | 1,715 | 55.8212 USD | ||||
| common stock | Purchase | 1,407 | 56.3057 USD | ||||
| common stock | Purchase | 1,362 | 55.7497 USD | ||||
| common stock | Purchase | 1,285 | 55.8030 USD | ||||
| common stock | Purchase | 1,174 | 55.7690 USD | ||||
| common stock | Purchase | 1,167 | 55.8375 USD | ||||
| common stock | Purchase | 1,116 | 55.9010 USD | ||||
| common stock | Purchase | 1,092 | 55.5731 USD | ||||
| common stock | Purchase | 1,011 | 55.9246 USD | ||||
| common stock | Purchase | 995 | 55.7974 USD | ||||
| common stock | Purchase | 907 | 56.3231 USD | ||||
| common stock | Purchase | 800 | 55.7750 USD | ||||
| common stock | Purchase | 700 | 56.2842 USD | ||||
| common stock | Purchase | 689 | 56.2598 USD | ||||
| common stock | Purchase | 646 | 55.6137 USD | ||||
| common stock | Purchase | 550 | 55.7036 USD | ||||
| common stock | Purchase | 533 | 56.2095 USD | ||||
| common stock | Purchase | 506 | 55.6100 USD | ||||
| common stock | Purchase | 366 | 56.3118 USD | ||||
| common stock | Purchase | 363 | 56.0880 USD | ||||
| common stock | Purchase | 300 | 55.7533 USD | ||||
| common stock | Purchase | 252 | 56.3244 USD | ||||
| common stock | Purchase | 206 | 56.3100 USD | ||||
| common stock | Purchase | 200 | 55.8100 USD | ||||
| common stock | Purchase | 135 | 55.7929 USD | ||||
| common stock | Purchase | 100 | 55.7800 USD | ||||
| common stock | Purchase | 50 | 55.8757 USD | ||||
| common stock | Purchase | 38 | 56.2637 USD | ||||
| common stock | Purchase | 2 | 55.5600 USD | ||||
| common stock | Sale | 186,006 | 55.6146 USD | ||||
| common stock | Sale | 115,807 | 56.0407 USD | ||||
| common stock | Sale | 90,605 | 56.3136 USD | ||||
| common stock | Sale | 36,445 | 56.2600 USD | ||||
| common stock | Sale | 35,333 | 56.2599 USD | ||||
| common stock | Sale | 33,886 | 56.2594 USD | ||||
| common stock | Sale | 33,774 | 56.1412 USD | ||||
| common stock | Sale | 22,789 | 55.9044 USD | ||||
| common stock | Sale | 12,157 | 55.9005 USD | ||||
| common stock | Sale | 9,551 | 55.4500 USD | ||||
| common stock | Sale | 7,507 | 56.0121 USD | ||||
| common stock | Sale | 5,814 | 55.8677 USD | ||||
| common stock | Sale | 4,452 | 55.9992 USD | ||||
| common stock | Sale | 4,357 | 55.8914 USD | ||||
| common stock | Sale | 2,758 | 56.1749 USD | ||||
| common stock | Sale | 2,533 | 56.0826 USD | ||||
| common stock | Sale | 2,096 | 55.5957 USD | ||||
| common stock | Sale | 1,642 | 55.6116 USD | ||||
| common stock | Sale | 1,362 | 55.7497 USD | ||||
| common stock | Sale | 1,347 | 56.0320 USD | ||||
| common stock | Sale | 1,344 | 56.1582 USD | ||||
| common stock | Sale | 1,285 | 55.8030 USD | ||||
| common stock | Sale | 1,092 | 55.5731 USD | ||||
| common stock | Sale | 809 | 56.0450 USD | ||||
| common stock | Sale | 800 | 55.7737 USD | ||||
| common stock | Sale | 779 | 55.7217 USD | ||||
| common stock | Sale | 739 | 56.2404 USD | ||||
| common stock | Sale | 725 | 56.0100 USD | ||||
| common stock | Sale | 689 | 56.2598 USD | ||||
| common stock | Sale | 550 | 55.7036 USD | ||||
| common stock | Sale | 506 | 55.6100 USD | ||||
| common stock | Sale | 449 | 55.4800 USD | ||||
| common stock | Sale | 371 | 55.9026 USD | ||||
| common stock | Sale | 368 | 55.9215 USD | ||||
| common stock | Sale | 337 | 56.3155 USD | ||||
| common stock | Sale | 167 | 55.4300 USD | ||||
| common stock | Sale | 135 | 55.7929 USD | ||||
| common stock | Sale | 111 | 55.4991 USD | ||||
| common stock | Sale | 103 | 55.7617 USD | ||||
| common stock | Sale | 100 | 55.7800 USD | ||||
| common stock | Sale | 90 | 55.6416 USD | ||||
| common stock | Sale | 50 | 55.7400 USD | ||||
| common stock | Sale | 31 | 55.7412 USD | ||||
| common stock | Sale | 20 | 55.7525 USD | ||||
| common stock | Sale | 20 | 55.7475 USD | ||||
| common stock | Sale | 20 | 55.7100 USD | ||||
| common stock | Sale | 20 | 55.5775 USD | ||||
| common stock | Sale | 19 | 56.0950 USD | ||||
| common stock | Sale | 15 | 55.4850 USD | ||||
| common stock | Sale | 10 | 55.7600 USD | ||||
| common stock | Sale | 6 | 56.2400 USD | ||||
| common stock | Sale | 5 | 55.7000 USD | ||||
| common stock | Sale | 5 | 55.8250 USD | ||||
| common stock | Sale | 3 | 56.3000 USD | ||||
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| (b) | Cash-settled derivative transactions |
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| Class of | Product | Nature of dealing | Number of | Price per | |||
| relevant | description |
| reference | unit | |||
| security |
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| securities |
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| common stock | SWAP | Decreasing Long | 10,625 | 56.2625 USD | |||
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| (c) | Stock-settled derivative transactions (including options) |
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| (i) | Writing, selling, purchasing or varying |
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| Class | Product | Writing, | Number | Exercise | Type | Expiry | Option |
| of | description | purchasing, | of | price |
| date | money |
| relevant |
| selling, | securities | per unit |
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| paid/ |
| security |
| varying etc | 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) | Exercising |
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| Class of relevant | Product description | Exercising/ exercised against | Number of | Exercise price per | |||
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| securities | unit | |||
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| (d) | Other dealings (including subscribing for new securities) |
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| Class of relevant | Nature of Dealings | Details | Price per unit (if | ||||
| security |
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| applicable) | ||||
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| 4. | OTHER INFORMATION | ||||||
| (a) | 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 | |||||||
| (b) | 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 | |||||||
| (c) | Attachments |
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| Is a Supplemental Form 8 (Open Positions) attached? | NO | ||||||
| Date of disclosure: | 17 Jan 2025 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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