Form 8.3 - International Paper Company

LONDON, April 18, 2024--(BUSINESS WIRE)--

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:		Millennium International Management LP
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree		International Paper Company
(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: For an opening position disclosure, state the latest practicable date prior to the disclosure		17th April 2024
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"		Yes, Smith (DS) plc and Mondi plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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 (US4601461035)
		Interests				Short positions
		Number		%		Number		%
(1) Relevant securities owned and/or controlled:		709,716		0.204%		1,404,164		0.404%
(2) Cash-settled derivatives:		168		0.000%		418,283		0.120%
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:		257,900		0.074%		361,200		0.104%
TOTAL:		967,784		0.279%		2,183,647		0.629%

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee 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

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit (USD)
US4601461035	Sale	311	35.19
US4601461035	Purchase	4,270	35.06
US4601461035	Sale	309	35.25
US4601461035	Sale	615	35.41
US4601461035	Purchase	37	35.26
US4601461035	Purchase	523	36.11
US4601461035	Purchase	221	35.74
US4601461035	Purchase	15	35.21
US4601461035	Purchase	32	35.19
US4601461035	Purchase	7	35.27
US4601461035	Purchase	2	35.51
US4601461035	Purchase	56	35.23
US4601461035	Purchase	100	35.75
US4601461035	Purchase	257	35.62
US4601461035	Sale	7	35.50
US4601461035	Sale	9	35.47
US4601461035	Purchase	31	35.24
US4601461035	Purchase	3	35.78
US4601461035	Purchase	24,500	35.06
US4601461035	Sale	5,890	35.06
US4601461035	Purchase	53	35.25
US4601461035	Sale	5	35.12
US4601461035	Purchase	12	35.22
US4601461035	Purchase	51	35.20
US4601461035	Purchase	1	35.11
US4601461035	Purchase	18	35.45
US4601461035	Purchase	22	35.15
US4601461035	Sale	15	35.49
US4601461035	Purchase	50	35.14
US4601461035	Purchase	33	35.09
US4601461035	Sale	1	35.09
US4601461035	Sale	1	35.69
US4601461035	Purchase	36	35.36
US4601461035	Purchase	295	35.77
US4601461035	Purchase	345	35.66
US4601461035	Sale	9	35.81
US4601461035	Sale	1	35.82
US4601461035	Sale	1	35.05
US4601461035	Purchase	2	35.26
US4601461035	Purchase	10	35.29
US4601461035	Purchase	117	35.21
US4601461035	Purchase	1	35.27
US4601461035	Purchase	4	35.23
US4601461035	Purchase	2	35.13
US4601461035	Purchase	116	35.28
US4601461035	Purchase	1	35.76
US4601461035	Purchase	40	35.24
US4601461035	Sale	22	35.24
US4601461035	Purchase	9,701	35.06
US4601461035	Sale	4,270	35.06
US4601461035	Purchase	1,741	35.25
US4601461035	Purchase	1	35.08
US4601461035	Purchase	1	35.16
US4601461035	Purchase	4	35.20
US4601461035	Purchase	333	35.30
US4601461035	Sale	11	35.30
US4601461035	Purchase	874	35.15
US4601461035	Purchase	60	35.14
US4601461035	Sale	2	35.09
US4601461035	Purchase	2	35.03
US4601461035	Purchase	126	35.05
US4601461035	Sale	234	35.91
US4601461035	Purchase	1,478	35.26
US4601461035	Sale	1,964	36.11
US4601461035	Purchase	276	35.29
US4601461035	Purchase	281	35.21
US4601461035	Purchase	124	35.37
US4601461035	Purchase	2,124	35.19
US4601461035	Purchase	100	36.14
US4601461035	Purchase	6,098	35.27
US4601461035	Purchase	731	35.51
US4601461035	Purchase	1,508	35.23
US4601461035	Purchase	211	36.09
US4601461035	Purchase	604	35.43
US4601461035	Sale	100	35.13
US4601461035	Purchase	20	35.28
US4601461035	Purchase	1,751	35.50
US4601461035	Purchase	258	36.10
US4601461035	Purchase	200	36.05
US4601461035	Purchase	1,939	35.47
US4601461035	Purchase	200	36.06
US4601461035	Purchase	696	35.24
US4601461035	Purchase	100	35.07
US4601461035	Sale	160	35.07
US4601461035	Purchase	6,205	35.06
US4601461035	Purchase	1,502	35.33
US4601461035	Purchase	100	36.15
US4601461035	Purchase	1,302	35.25
US4601461035	Purchase	1,685	35.12
US4601461035	Purchase	131	36.08
US4601461035	Purchase	11	35.08
US4601461035	Sale	446	35.08
US4601461035	Purchase	127	35.10
US4601461035	Sale	43	35.16
US4601461035	Purchase	102	35.71
US4601461035	Purchase	6,546	35.22
US4601461035	Purchase	714	35.20
US4601461035	Purchase	600	35.30
US4601461035	Purchase	2,068	35.45
US4601461035	Purchase	200	35.15
US4601461035	Sale	39	35.15
US4601461035	Purchase	3,623	35.42
US4601461035	Purchase	31	35.14
US4601461035	Purchase	581	35.09
US4601461035	Purchase	451	35.36
US4601461035	Purchase	30	35.35
US4601461035	Purchase	1,199	35.34
US4601461035	Purchase	423	35.58
US4601461035	Purchase	2,080	35.32
US4601461035	Purchase	100	35.03
US4601461035	Purchase	161	35.31
US4601461035	Sale	100	35.91
US4601461035	Purchase	946	35.26
US4601461035	Purchase	1,205	36.11
US4601461035	Sale	294	36.11
US4601461035	Purchase	83	36.01
US4601461035	Sale	100	36.01
US4601461035	Purchase	368	35.74
US4601461035	Sale	400	35.74
US4601461035	Purchase	4,811	35.29
US4601461035	Sale	14	35.29
US4601461035	Purchase	2,465	35.21
US4601461035	Purchase	157	35.37
US4601461035	Purchase	2,618	35.19
US4601461035	Purchase	1	36.17
US4601461035	Purchase	198	36.14
US4601461035	Sale	100	36.13
US4601461035	Purchase	129	35.27
US4601461035	Sale	24	35.27
US4601461035	Purchase	501	36.07
US4601461035	Purchase	69	35.73
US4601461035	Purchase	5,703	35.51
US4601461035	Purchase	200	35.67
US4601461035	Purchase	3,132	35.23
US4601461035	Sale	100	35.23
US4601461035	Sale	100	36.09
US4601461035	Purchase	330	35.93
US4601461035	Purchase	2	35.52
US4601461035	Purchase	178	35.43
US4601461035	Purchase	686	35.75
US4601461035	Purchase	177	35.13
US4601461035	Purchase	50	35.88
US4601461035	Purchase	717	35.28
US4601461035	Sale	185	35.28
US4601461035	Sale	128	35.83
US4601461035	Purchase	1,100	35.62
US4601461035	Purchase	16	35.50
US4601461035	Purchase	2	35.89
US4601461035	Purchase	3,793	35.47
US4601461035	Purchase	1,242	35.24
US4601461035	Sale	5	35.70
US4601461035	Purchase	100	35.07
US4601461035	Purchase	53	35.78
US4601461035	Purchase	271	35.40
US4601461035	Purchase	13,073	35.06
US4601461035	Sale	46,847	35.06
US4601461035	Purchase	118	35.33
US4601461035	Purchase	608	35.25
US4601461035	Purchase	186	35.12
US4601461035	Purchase	5	35.48
US4601461035	Purchase	530	35.41
US4601461035	Purchase	1,405	35.08
US4601461035	Purchase	1,641	35.10
US4601461035	Sale	103	35.10
US4601461035	Purchase	300	35.16
US4601461035	Purchase	317	35.71
US4601461035	Purchase	1,975	35.22
US4601461035	Sale	34	35.22
US4601461035	Purchase	25	35.38
US4601461035	Purchase	3,252	35.20
US4601461035	Sale	2	35.20
US4601461035	Purchase	1,035	35.30
US4601461035	Sale	200	35.30
US4601461035	Purchase	503	35.45
US4601461035	Sale	119	35.45
US4601461035	Purchase	78	35.68
US4601461035	Purchase	5,073	35.15
US4601461035	Sale	17	35.99
US4601461035	Purchase	742	35.60
US4601461035	Purchase	360	35.17
US4601461035	Purchase	350	35.46
US4601461035	Purchase	5,174	35.49
US4601461035	Purchase	125	35.55
US4601461035	Purchase	1,225	35.18
US4601461035	Sale	1,200	35.18
US4601461035	Purchase	36	35.72
US4601461035	Purchase	513	35.44
US4601461035	Purchase	2,645	35.53
US4601461035	Purchase	284	35.14
US4601461035	Purchase	21	35.09
US4601461035	Sale	12	35.09
US4601461035	Purchase	24	35.79
US4601461035	Sale	9	35.79
US4601461035	Purchase	274	35.36
US4601461035	Purchase	835	35.35
US4601461035	Sale	59	35.35
US4601461035	Purchase	24	35.59
US4601461035	Purchase	211	35.34
US4601461035	Purchase	236	35.77
US4601461035	Purchase	92	35.57
US4601461035	Sale	100	35.94
US4601461035	Purchase	895	35.32
US4601461035	Sale	1,817	35.32
US4601461035	Purchase	38	35.64
US4601461035	Purchase	36	35.66
US4601461035	Purchase	200	35.03
US4601461035	Purchase	5	35.80
US4601461035	Purchase	247	35.31
US4601461035	Purchase	400	35.05
US4601461035	Sale	2,700	36.03
US4601461035	Purchase	632	35.26
US4601461035	Purchase	2	36.11
US4601461035	Sale	439	36.11
US4601461035	Sale	5,852	35.74
US4601461035	Purchase	10,533	35.29
US4601461035	Sale	9,333	35.29
US4601461035	Purchase	40,163	35.21
US4601461035	Sale	34,969	35.21
US4601461035	Purchase	6,600	35.37
US4601461035	Sale	7,999	35.37
US4601461035	Purchase	5,082	35.19
US4601461035	Sale	2,696	35.19
US4601461035	Purchase	8,229	35.27
US4601461035	Sale	4,894	35.27
US4601461035	Sale	317	35.63
US4601461035	Purchase	8	36.07
US4601461035	Sale	700	36.07
US4601461035	Sale	1,684	35.73
US4601461035	Sale	117	35.51
US4601461035	Sale	1,728	35.67
US4601461035	Purchase	8,952	35.23
US4601461035	Sale	5,363	35.23
US4601461035	Sale	500	35.95
US4601461035	Sale	1	36.09
US4601461035	Sale	300	35.98
US4601461035	Sale	100	35.52
US4601461035	Sale	5,898	35.43
US4601461035	Sale	696	35.75
US4601461035	Purchase	15,805	35.13
US4601461035	Sale	12,905	35.13
US4601461035	Purchase	5,178	35.28
US4601461035	Sale	5,401	35.28
US4601461035	Sale	400	35.62
US4601461035	Sale	696	35.50
US4601461035	Sale	200	35.90
US4601461035	Sale	1,146	36.05
US4601461035	Sale	3,205	35.76
US4601461035	Sale	200	35.47
US4601461035	Sale	2,300	36.06
US4601461035	Purchase	5,115	35.24
US4601461035	Sale	1,607	35.24
US4601461035	Sale	545	35.70
US4601461035	Purchase	10,347	35.07
US4601461035	Sale	304	35.07
US4601461035	Sale	1,242	35.40
US4601461035	Purchase	1,601	35.06
US4601461035	Sale	2,604	35.06
US4601461035	Purchase	700	35.33
US4601461035	Sale	94	35.33
US4601461035	Purchase	6,269	35.25
US4601461035	Sale	415	35.25
US4601461035	Purchase	2,390	35.12
US4601461035	Sale	1,200	35.12
US4601461035	Sale	1,600	35.48
US4601461035	Purchase	13,817	35.39
US4601461035	Sale	12,678	35.39
US4601461035	Sale	300	36.08
US4601461035	Purchase	658	35.41
US4601461035	Sale	276	35.41
US4601461035	Purchase	8,962	35.08
US4601461035	Sale	100	35.08
US4601461035	Purchase	10,168	35.10
US4601461035	Sale	1,028	35.10
US4601461035	Purchase	16,895	35.16
US4601461035	Purchase	1,474	35.22
US4601461035	Sale	1,274	35.22
US4601461035	Purchase	1,000	35.38
US4601461035	Sale	6	35.38
US4601461035	Purchase	3,828	35.20
US4601461035	Purchase	2,200	35.30
US4601461035	Sale	1,000	35.30
US4601461035	Purchase	18,464	35.11
US4601461035	Purchase	119	35.45
US4601461035	Sale	2,053	35.45
US4601461035	Sale	200	35.68
US4601461035	Purchase	32,900	35.15
US4601461035	Sale	23,798	35.15
US4601461035	Sale	292	35.60
US4601461035	Purchase	2,200	35.17
US4601461035	Sale	5,532	35.17
US4601461035	Purchase	8,648	35.46
US4601461035	Sale	2,824	35.46
US4601461035	Sale	8,805	35.49
US4601461035	Sale	3,081	35.42
US4601461035	Purchase	25,397	35.55
US4601461035	Sale	25,397	35.55
US4601461035	Purchase	126,802	35.18
US4601461035	Sale	117,848	35.18
US4601461035	Sale	3,414	35.72
US4601461035	Purchase	2,194	35.14
US4601461035	Sale	812	35.14
US4601461035	Sale	10,428	35.54
US4601461035	Purchase	4,276	35.09
US4601461035	Sale	300	35.09
US4601461035	Sale	100	35.79
US4601461035	Sale	900	35.69
US4601461035	Purchase	600	35.36
US4601461035	Purchase	1,200	35.35
US4601461035	Sale	100	35.59
US4601461035	Purchase	1,275	35.34
US4601461035	Sale	369	35.34
US4601461035	Sale	40	35.77
US4601461035	Purchase	11,078	35.57
US4601461035	Sale	12,458	35.57
US4601461035	Purchase	13,529	35.58
US4601461035	Sale	13,529	35.58
US4601461035	Purchase	16,617	35.32
US4601461035	Sale	500	35.32
US4601461035	Sale	1,200	35.66
US4601461035	Purchase	100	35.03
US4601461035	Sale	100	35.81
US4601461035	Purchase	8	35.82
US4601461035	Purchase	800	35.31
US4601461035	Sale	47	35.05
US4601461035	Sale	200	35.02
US4601461035	Sale	304	35.61
US4601461035	Sale	100	35.21
US4601461035	Sale	1,400	35.19
US4601461035	Sale	225	35.51
US4601461035	Sale	315	35.67
US4601461035	Sale	423	35.23
US4601461035	Sale	75	35.52
US4601461035	Purchase	623	35.43
US4601461035	Sale	100	35.75
US4601461035	Purchase	37	35.13
US4601461035	Sale	37	35.13
US4601461035	Sale	600	35.50
US4601461035	Sale	382	35.76
US4601461035	Purchase	6,719	35.47
US4601461035	Sale	300	35.47
US4601461035	Purchase	879	35.24
US4601461035	Sale	186	35.24
US4601461035	Sale	328	35.70
US4601461035	Purchase	672	35.06
US4601461035	Purchase	1,600	35.25
US4601461035	Purchase	678	35.12
US4601461035	Purchase	255	35.48
US4601461035	Sale	100	35.48
US4601461035	Purchase	312	35.41
US4601461035	Purchase	100	35.10
US4601461035	Purchase	36	35.16
US4601461035	Sale	56	35.71
US4601461035	Sale	347	35.22
US4601461035	Sale	300	35.20
US4601461035	Purchase	61	35.11
US4601461035	Purchase	2,167	35.45
US4601461035	Sale	300	35.45
US4601461035	Purchase	1	35.15
US4601461035	Purchase	50	35.17
US4601461035	Sale	112	35.17
US4601461035	Purchase	5,056	35.46
US4601461035	Purchase	2,661	35.49
US4601461035	Purchase	2,764	35.42
US4601461035	Purchase	76	35.55
US4601461035	Sale	200	35.55
US4601461035	Sale	158	35.18
US4601461035	Purchase	2,763	35.44
US4601461035	Sale	1,093	35.53
US4601461035	Sale	100	35.79
US4601461035	Sale	100	35.59
US4601461035	Sale	900	35.57
US4601461035	Sale	4,721	35.64
US4601461035	Sale	2,000	35.56
US4601461035	Sale	18	35.81
US4601461035	Purchase	41	35.05
US4601461035	Purchase	4,754	35.06
US4601461035	Sale	199	35.06
US4601461035	Sale	719	35.26
US4601461035	Purchase	990	35.29
US4601461035	Purchase	1,120	35.37
US4601461035	Purchase	124	35.19
US4601461035	Purchase	225	35.27
US4601461035	Sale	741	35.63
US4601461035	Purchase	1,401	35.67
US4601461035	Purchase	715	35.23
US4601461035	Purchase	360	35.43
US4601461035	Sale	821	35.13
US4601461035	Sale	122	35.24
US4601461035	Purchase	295	35.70
US4601461035	Purchase	915	35.07
US4601461035	Purchase	775	35.06
US4601461035	Purchase	2,076	35.33

(b) Cash-settled derivative transactions

Class of relevant security		Product description e.g. CFD		Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position		Number of reference securities		Price per unit
US4601461035		Equity Swap		Opening a short position		351,472		28.87 GBP
US4601461035		Equity Swap		Opening a long position		168		35.21 USD

(c) Stock-settled derivative transactions (including options)

(i) Writing, selling, purchasing or varying

Class of relevant security	Product description e.g. call option	Writing, purchasing, selling, varying etc.	Number of securities to which option relates	Exercise price per unit (USD)	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit
US4601461035	Call Option	Selling	200	32.50	American	19/04/2024
US4601461035	Call Option	Selling	7,700	35.00	American	19/04/2024
US4601461035	Call Option	Writing	23,900	35.00	American	19/04/2024
US4601461035	Put Option	Selling	800	35.00	American	19/04/2024

(ii) Exercise

Class of relevant security		Product description e.g. call option		Exercising/ exercised against		Number of securities		Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security		Nature of dealing e.g. subscription, conversion		Details		Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:		18th April 2024
Contact name:		Stephen Glasper
Telephone number:		+44 203 398 2166

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Full name of person making disclosure:	Millennium International Management LP
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	International Paper Company

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit (USD)	Type e.g. American, European etc.	Expiry date
US4601461035	Call Option	Purchased	100	35.00	American	17/01/2025
US4601461035	Call Option	Purchased	300	40.00	American	17/01/2025
US4601461035	Put Option	Purchased	6,400	32.50	American	19/04/2024
US4601461035	Call Option	Purchased	2,400	32.50	American	19/04/2024
US4601461035	Call Option	Written	23,900	35.00	American	19/04/2024
US4601461035	Call Option	Purchased	5,100	35.00	American	19/04/2024
US4601461035	Put Option	Purchased	800	32.50	American	17/01/2025
US4601461035	Put Option	Purchased	29,000	35.00	American	19/04/2024
US4601461035	Put Option	Purchased	1,100	38.00	American	19/04/2024
US4601461035	Put Option	Purchased	50,000	39.00	American	19/04/2024
US4601461035	Call Option	Purchased	250,000	42.50	American	18/10/2024
US4601461035	Call Option	Written	250,000	47.50	American	18/10/2024

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:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240418191040/en/

Contacts

Millennium Partners, L.P.