| 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 CO | |||||
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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: | 17 Apr 2024 | |||||
| (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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| 715,007 | 0.21% | 562,033 | 0.16% |
| (2) | Cash-settled derivatives: |
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| and/or controlled: |
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| 252,625 | 0.07% | 31,560 | 0.01% |
| (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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| 967,632 | 0.28% | 593,593 | 0.17% |
| (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 | 287,665 | 35.1396 USD | ||||
| common stock | Purchase | 211,600 | 35.2398 USD | ||||
| common stock | Purchase | 155,482 | 35.3385 USD | ||||
| common stock | Purchase | 31,022 | 35.2899 USD | ||||
| common stock | Purchase | 26,830 | 35.7831 USD | ||||
| common stock | Purchase | 25,904 | 35.4730 USD | ||||
| common stock | Purchase | 22,340 | 35.2903 USD | ||||
| common stock | Purchase | 21,204 | 35.0600 USD | ||||
| common stock | Purchase | 20,969 | 35.3713 USD | ||||
| common stock | Purchase | 20,490 | 35.2806 USD | ||||
| common stock | Purchase | 6,857 | 35.1552 USD | ||||
| common stock | Purchase | 5,656 | 35.2773 USD | ||||
| common stock | Purchase | 4,308 | 35.1685 USD | ||||
| common stock | Purchase | 4,156 | 36.0025 USD | ||||
| common stock | Purchase | 3,656 | 35.5704 USD | ||||
| common stock | Purchase | 2,912 | 35.3664 USD | ||||
| common stock | Purchase | 2,063 | 35.4578 USD | ||||
| common stock | Purchase | 1,518 | 35.4261 USD | ||||
| common stock | Purchase | 1,377 | 35.4180 USD | ||||
| common stock | Purchase | 1,300 | 35.7207 USD | ||||
| common stock | Purchase | 1,293 | 35.5398 USD | ||||
| common stock | Purchase | 1,149 | 35.3128 USD | ||||
| common stock | Purchase | 953 | 35.2384 USD | ||||
| common stock | Purchase | 800 | 35.6750 USD | ||||
| common stock | Purchase | 595 | 35.1400 USD | ||||
| common stock | Purchase | 363 | 35.0664 USD | ||||
| common stock | Purchase | 205 | 35.4558 USD | ||||
| common stock | Purchase | 200 | 35.7000 USD | ||||
| common stock | Purchase | 160 | 35.1243 USD | ||||
| common stock | Purchase | 144 | 35.2552 USD | ||||
| common stock | Purchase | 138 | 35.1465 USD | ||||
| common stock | Purchase | 10 | 35.3850 USD | ||||
| common stock | Sale | 510,563 | 35.2223 USD | ||||
| common stock | Sale | 110,384 | 35.1515 USD | ||||
| common stock | Sale | 31,360 | 35.6563 USD | ||||
| common stock | Sale | 24,155 | 35.0600 USD | ||||
| common stock | Sale | 23,862 | 35.3338 USD | ||||
| common stock | Sale | 20,291 | 35.2993 USD | ||||
| common stock | Sale | 13,357 | 35.1089 USD | ||||
| common stock | Sale | 9,909 | 35.4341 USD | ||||
| common stock | Sale | 9,745 | 35.3904 USD | ||||
| common stock | Sale | 9,451 | 35.3082 USD | ||||
| common stock | Sale | 9,293 | 35.3611 USD | ||||
| common stock | Sale | 8,907 | 35.6864 USD | ||||
| common stock | Sale | 8,522 | 35.3139 USD | ||||
| common stock | Sale | 7,709 | 35.3407 USD | ||||
| common stock | Sale | 6,801 | 35.4282 USD | ||||
| common stock | Sale | 6,794 | 35.4377 USD | ||||
| common stock | Sale | 5,250 | 35.2493 USD | ||||
| common stock | Sale | 4,863 | 35.3959 USD | ||||
| common stock | Sale | 4,842 | 35.1095 USD | ||||
| common stock | Sale | 4,574 | 35.9624 USD | ||||
| common stock | Sale | 4,154 | 35.2316 USD | ||||
| common stock | Sale | 3,855 | 35.3509 USD | ||||
| common stock | Sale | 3,565 | 35.1448 USD | ||||
| common stock | Sale | 3,489 | 35.3545 USD | ||||
| common stock | Sale | 3,069 | 35.4641 USD | ||||
| common stock | Sale | 2,511 | 35.3485 USD | ||||
| common stock | Sale | 2,209 | 35.3796 USD | ||||
| common stock | Sale | 1,553 | 35.4581 USD | ||||
| common stock | Sale | 1,528 | 35.8445 USD | ||||
| common stock | Sale | 1,497 | 35.2489 USD | ||||
| common stock | Sale | 1,264 | 35.5423 USD | ||||
| common stock | Sale | 1,149 | 35.3128 USD | ||||
| common stock | Sale | 1,139 | 35.1762 USD | ||||
| common stock | Sale | 1,113 | 35.4749 USD | ||||
| common stock | Sale | 1,100 | 35.2204 USD | ||||
| common stock | Sale | 960 | 35.2263 USD | ||||
| common stock | Sale | 953 | 35.2384 USD | ||||
| common stock | Sale | 950 | 35.4378 USD | ||||
| common stock | Sale | 942 | 35.1705 USD | ||||
| common stock | Sale | 831 | 35.9892 USD | ||||
| common stock | Sale | 810 | 35.5143 USD | ||||
| common stock | Sale | 625 | 35.7178 USD | ||||
| common stock | Sale | 593 | 35.2732 USD | ||||
| common stock | Sale | 536 | 35.1254 USD | ||||
| common stock | Sale | 363 | 35.0664 USD | ||||
| common stock | Sale | 303 | 35.2655 USD | ||||
| common stock | Sale | 300 | 35.1400 USD | ||||
| common stock | Sale | 265 | 35.6684 USD | ||||
| common stock | Sale | 220 | 35.0548 USD | ||||
| common stock | Sale | 209 | 35.2313 USD | ||||
| common stock | Sale | 208 | 35.2359 USD | ||||
| common stock | Sale | 200 | 35.9500 USD | ||||
| common stock | Sale | 200 | 35.7000 USD | ||||
| common stock | Sale | 160 | 35.1243 USD | ||||
| common stock | Sale | 138 | 35.1465 USD | ||||
| common stock | Sale | 134 | 35.8880 USD | ||||
| common stock | Sale | 126 | 35.1190 USD | ||||
| common stock | Sale | 100 | 35.8700 USD | ||||
| common stock | Sale | 100 | 35.4100 USD | ||||
| common stock | Sale | 100 | 35.6100 USD | ||||
| common stock | Sale | 81 | 35.7753 USD | ||||
| common stock | Sale | 59 | 35.6567 USD | ||||
| common stock | Sale | 40 | 36.1005 USD | ||||
| common stock | Sale | 26 | 35.0650 USD | ||||
| common stock | Sale | 23 | 35.3600 USD | ||||
| common stock | Sale | 8 | 35.4550 USD | ||||
| common stock | Sale | 5 | 35.0800 USD | ||||
| common stock | Sale | 5 | 35.1900 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 | Opening Long | 525 | 36.0656 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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| common stock | Call Options | Selling | 1,800 | USD |
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| 1.0500 USD |
| common stock | Call Options | Selling | 4,500 | 36.0000 USD | American | 26 Apr 2024 | 0.5511 USD |
| common stock | Call Options | Selling | 2,200 | USD |
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| 0.3500 USD |
| common stock | Put Options | Selling | 4,800 | 35.0000 USD | American | 26 Apr 2024 | 0.7687 USD |
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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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| (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: | 18 Apr 2024 | ||||||
| Contact name: | Large Holdings Regulatory Operations | ||||||
| Telephone number: | 020 3134 7213 | ||||||
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