AMENDMENT

 

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FORM 38.5(b)

 

IRISH TAKEOVER PANEL

 

DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

 

DEALINGS BY CONNECTED EXEMPT PRINCIPAL TRADERS WITHOUT RECOGNISED INTERMEDIARY STATUS,
 OR WITH RECOGNISED INTERMEDIARY STATUS BUT NOT DEALING IN A CLIENT-SERVING CAPACITY

 

 

1.          KEY INFORMATION

 

Name of exempt principal trader	J.P. Morgan Securities LLC
Company dealt in	International Paper Company
Class of relevant security to which the dealings being disclosed relate (Note 1)	USD1.00 Common Stock
Date of dealing	04 April 2018

 

2.          INTERESTS AND SHORT POSITIONS

 

(a)         Interests and short positions (following dealing) in the class of relevant security dealt in (Note 2)

 

	Long			Short
	Number		(%)	Number		(%)
(1) Relevant securities	459,975 (0.11%)			435,776 (0.11%)
(2) Derivatives (other than options)	108,801 (0.03%)			200,833 (0.05%)
(3) Options and agreements to purchase/sell	265,600 (0.06%)
Total	834,376 (0.20%)			636,609 (0.16%)

 

 

(b)         Interests and short positions in relevant securities of the company, other than the class dealt in (Note 2)

 

Class of relevant security:	Long			Short
	Number		(%)	Number		(%)
(1) Relevant securities
(2) Derivatives (other than options)
(3) Options and agreements to purchase/sell
Total

 

 

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3.       DEALINGS (Note 3)

 

(a)      Purchases and sales

 

Purchases/ sales	Number of relevant securities	Price per unit  (USD)
Purchases                   Sales	5,954 60 17 379 100 179 10,100 17 100   64,847 300 500 100 100 100 100 1,201 199 1,000 100 17 100 407 100 100 50 50 100 588 10 100 50 379 1 400 900 22 2,000 700 10,100 4,700 300 100 100 100 100 100 100 708 100 50 53 50 200 150 100 100 453 81 50 50	53.1700 53.0100 52.3200 52.3262 51.7400 52.5716 53.0635 52.3100 52.4600   53.1700 53.0900 53.1080 52.2763 52.1602 52.2960 52.2833 53.1300 53.1600 52.9815 52.6100 52.3200 52.4187 53.1450 53.1800 52.4195 52.5500 52.8054 52.8730 53.0743 53.1333 51.9700 52.0884 52.3262 52.1000 52.2345 53.1667 52.3700 52.8300 53.1886 53.0635 53.1438 53.0667 52.2505 52.3719 52.3749 52.3180 52.3913 52.4257 53.1912 52.4401 52.2895 52.9472 52.8932 52.8544 53.0046 53.0040 53.0170 53.1687 53.0185 52.5621 52.9285

 

(b)      Derivatives transactions (other than options transactions)

 

Product name, e.g. CFD	Nature of transaction (Note 5)	Number of relevant securities (Note 6)	Price per unit (USD) (Note 4)
Equity Swap	Long   Short	10,100   17 379	53.0635   52.3200 52.3262

 

(c)      Options transactions in respect of existing relevant securities

 

 

(i)       Writing, selling, purchasing or varying

 

Product name, e.g. call option	Writing, selling, purchasing, varying etc.	Number of securities to which the option relates (Note 7)	Exercise price	Type, e.g. American, European etc.	Expiry date	Option money paid/received per unit (Note 4)

 

 

(ii)      Exercising

 

Product name, e.g. call option	Number of securities	Exercise price per unit (Note 4)

 

 

 

(d)      Other dealings (including transactions in respect of new securities) (Note 3)

 

Nature of transaction (Note 7)	Details	Price per unit (if applicable) (Note 4)

 

 

 

 

 

 

 

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4.       OTHER INFORMATION

 

Agreements, arrangements or understandings relating to options or derivatives

 

Full details of any agreement, arrangement or understanding between the person disclosing and any other person relating to the voting rights of any relevant securities
under any option referred to on this form or relating to the voting rights or future
acquisition or disposal of any relevant securities to which any derivative referred to on this form is referenced. If none, this should be stated.

 

 

 

 

 

 

 

 

Is a Supplemental Form 38.5(b) attached? (Note 8)                    Yes

 

 

Date of disclosure	09 April 2018
Contact name	Alwyn Basch
Telephone number	020 7742 7407
Name of offeree/offeror with which connected	International Paper Company
Nature of connection (Note 9)	Financial Advisor to International Paper Company

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SUPPLEMENTAL FORM 38.5(b)

 

 

 

 

IRISH TAKEOVER PANEL

 

DISCLOSURE UNDER RULE 38.5(b) OF THE IRISH TAKEOVER PANEL ACT, 1997, TAKEOVER RULES, 2013

 

DETAILS OF OPEN POSITIONS

 

(This form should be attached to Form 38.5(b)) OPEN POSITIONS (Note 1)

 

Product name, e.g. call option	Written or purchased	Number of relevant securities to which the option or derivative relates	Exercise price (Note 2)	Type, e.g. American, European etc.	Expiry date
Call Option	Purchased	22,300	50.00	American	18/01/2019
Call Option	Purchased	12,700	52.50	American	18/01/2019
Call Option	Purchased	3,400	55.00	American	18/01/2019
Call Option	Purchased	4,900	57.50	American	18/01/2019
Call Option	Purchased	6,200	60.00	American	18/01/2019
Call Option	Purchased	2,800	62.50	American	18/01/2019
Call Option	Purchased	300	65.00	American	18/01/2019
Call Option	Purchased	8,500	70.00	American	18/01/2019
Call Option	Purchased	29,900	75.00	American	18/01/2019
Call Option	Purchased	1,100	80.00	American	18/01/2019
Put Option	Written	15,200	30.00	American	18/01/2019
Put Option	Written	28,200	33.00	American	18/01/2019
Put Option	Written	27,600	35.00	American	18/01/2019
Put Option	Written	21,600	38.00	American	18/01/2019
Put Option	Written	26,400	40.00	American	18/01/2019
Put Option	Written	21,900	43.00	American	18/01/2019
Put Option	Written	10,300	45.00	American	18/01/2019
Put Option	Written	20,800	47.00	American	18/01/2019
Put Option	Written	1,500	50.00	American	18/01/2019

 

 

 

 

Notes

 

1.       Where there are open option positions or open derivative positions (except for CFDs), full details should be given. Full details of any existing agreements to purchase or to sell must also be given on this form.

 

2.       For all prices and other monetary amounts, the currency must be stated.

 

For full details of disclosure requirements, see Rules 8 and

38.5 of the Rules. If in doubt, consult the Panel.