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: | (GS) GOLDMAN SACHS ASSET MANAGEMENT, L.P. |
| (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: | Advisor to SMITH (DS) PLC |
| (e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure | 16 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 - disclosed previously for MONDI PLC & SMITH (DS) 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 | |||
|
| Interests | Short positions | ||
|
| Number | % | Number | % |
| (1) Relevant securities owned and/or controlled: | 1,809,801.9221 | 0.52 | 0 | 0.00 |
| (2) Cash-settled derivatives: | 0 | 0.00 | 0 | 0.00 |
| (3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 0 | 0.00 | 0 | 0.00 |
|
TOTAL: | 1,809,801.9221 | 0.52 | 0 | 0.00 |
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 |
| common stock | Purchase | 5 | 35.8780 USD |
| common stock | Purchase | 6 | 35.8783 USD |
| common stock | Purchase | 25 | 35.8900 USD |
| common stock | Purchase | 15 | 35.8900 USD |
| common stock | Purchase | 5 | 35.8900 USD |
| common stock | Purchase | 10 | 35.8900 USD |
| common stock | Purchase | 5 | 35.8900 USD |
| common stock | Purchase | 5 | 35.9040 USD |
| common stock | Purchase | 5 | 35.9040 USD |
| common stock | Purchase | 5 | 35.9040 USD |
| common stock | Purchase | 15 | 35.9047 USD |
| common stock | Purchase | 30 | 35.9050 USD |
| common stock | Purchase | 20 | 35.9050 USD |
| common stock | Purchase | 165 | 35.9100 USD |
| common stock | Purchase | 15 | 35.9100 USD |
| common stock | Purchase | 5 | 35.9100 USD |
| common stock | Purchase | 13 | 35.9100 USD |
| common stock | Purchase | 5 | 35.9100 USD |
| common stock | Purchase | 5,250 | 35.9100 USD |
| common stock | Purchase | 5 | 35.9100 USD |
| common stock | Purchase | 80 | 35.9100 USD |
| common stock | Purchase | 25 | 35.9100 USD |
| common stock | Purchase | 30 | 35.9100 USD |
| common stock | Purchase | 10 | 35.9100 USD |
| common stock | Purchase | 30 | 35.9100 USD |
| common stock | Purchase | 10 | 35.9100 USD |
| common stock | Purchase | 10 | 35.9100 USD |
| common stock | Purchase | 22 | 35.9100 USD |
| common stock | Purchase | 5 | 35.9100 USD |
| common stock | Purchase | 60 | 35.9100 USD |
| common stock | Purchase | 5 | 35.9340 USD |
| common stock | Purchase | 5 | 35.9340 USD |
| common stock | Purchase | 5 | 35.9340 USD |
| common stock | Purchase | 5 | 35.9340 USD |
| common stock | Purchase | 15 | 35.9347 USD |
| common stock | Purchase | 15 | 35.9347 USD |
| common stock | Purchase | 50 | 35.9350 USD |
| common stock | Purchase | 10 | 35.9350 USD |
| common stock | Purchase | 10 | 35.9350 USD |
| common stock | Purchase | 15 | 35.9387 USD |
| common stock | Purchase | 15 | 35.9387 USD |
| common stock | Purchase | 5 | 36.0400 USD |
| common stock | Purchase | 10 | 36.0400 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 5 | 36.1360 USD |
| common stock | Purchase | 15 | 36.1367 USD |
| common stock | Purchase | 25 | 36.1368 USD |
| common stock | Purchase | 252 | 36.1370 USD |
| common stock | Purchase | 10 | 36.1370 USD |
| common stock | Purchase | 10 | 36.1370 USD |
| common stock | Purchase | 100 | 36.1370 USD |
| common stock | Purchase | 20 | 36.1370 USD |
| common stock | Purchase | 40 | 36.1370 USD |
| common stock | Purchase | 30 | 36.1370 USD |
| common stock | Purchase | 10 | 36.2700 USD |
| common stock | Purchase | 5 | 36.3480 USD |
| common stock | Purchase | 5 | 36.3480 USD |
| common stock | Purchase | 5 | 36.3480 USD |
| common stock | Purchase | 5 | 36.3500 USD |
| common stock | Purchase | 5 | 36.3740 USD |
| common stock | Purchase | 5 | 36.3740 USD |
| common stock | Purchase | 5 | 36.3740 USD |
| common stock | Purchase | 5 | 36.3740 USD |
| common stock | Purchase | 5 | 36.3740 USD |
| common stock | Purchase | 15 | 36.3867 USD |
| common stock | Purchase | 10 | 36.3870 USD |
| common stock | Purchase | 20 | 36.3870 USD |
| common stock | Purchase | 5 | 36.3900 USD |
| common stock | Purchase | 5 | 36.3900 USD |
| common stock | Purchase | 25 | 36.3900 USD |
| common stock | Purchase | 5 | 36.4740 USD |
| common stock | Purchase | 5 | 36.4940 USD |
| common stock | Purchase | 5 | 36.4940 USD |
| common stock | Purchase | 5 | 36.4940 USD |
| common stock | Purchase | 5 | 36.4940 USD |
| common stock | Purchase | 10 | 36.4950 USD |
| common stock | Purchase | 5 | 36.5080 USD |
| common stock | Purchase | 5 | 36.5080 USD |
| common stock | Purchase | 5 | 36.5080 USD |
| common stock | Purchase | 20 | 36.5095 USD |
| common stock | Sale | 5 | 35.8820 USD |
| common stock | Sale | 5 | 35.9040 USD |
| common stock | Sale | 10 | 35.9050 USD |
| common stock | Sale | 5 | 35.9100 USD |
| common stock | Sale | 30 | 35.9100 USD |
| common stock | Sale | 48 | 35.9100 USD |
| common stock | Sale | 3,538 | 35.9100 USD |
| common stock | Sale | 5 | 35.9100 USD |
| common stock | Sale | 80 | 35.9100 USD |
| common stock | Sale | 20 | 35.9100 USD |
| common stock | Sale | 5 | 35.9140 USD |
| common stock | Sale | 5 | 35.9300 USD |
| common stock | Sale | 5 | 35.9300 USD |
| common stock | Sale | 5 | 35.9340 USD |
| common stock | Sale | 5 | 35.9340 USD |
| common stock | Sale | 15 | 36.0400 USD |
| common stock | Sale | 25 | 36.0404 USD |
| common stock | Sale | 50 | 36.3300 USD |
| common stock | Sale | 5 | 36.3400 USD |
| common stock | Sale | 5 | 36.3740 USD |
| common stock | Sale | 5 | 36.3740 USD |
| common stock | Sale | 5 | 36.3740 USD |
| common stock | Sale | 5 | 36.3740 USD |
| common stock | Sale | 5 | 36.3740 USD |
| common stock | Sale | 5 | 36.3740 USD |
| common stock | Sale | 15 | 36.3747 USD |
| common stock | Sale | 15 | 36.3747 USD |
| common stock | Sale | 5 | 36.3900 USD |
| common stock | Sale | 5 | 36.3900 USD |
| common stock | Sale | 5 | 36.3940 USD |
| common stock | Sale | 5 | 36.3940 USD |
| common stock | Sale | 25 | 36.3948 USD |
| common stock | Sale | 30 | 36.4400 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 5 | 36.4440 USD |
| common stock | Sale | 15 | 36.4447 USD |
| common stock | Sale | 15 | 36.4447 USD |
| common stock | Sale | 20 | 36.4450 USD |
| common stock | Sale | 20 | 36.4450 USD |
| common stock | Sale | 10 | 36.4450 USD |
| common stock | Sale | 30 | 36.4450 USD |
| common stock | Sale | 20 | 36.4450 USD |
| common stock | Sale | 20 | 36.4450 USD |
| common stock | Sale | 10 | 36.4450 USD |
| common stock | Sale | 5 | 36.4600 USD |
| common stock | Sale | 5 | 36.5060 USD |
| common stock | Sale | 5 | 36.5060 USD |
| common stock | Sale | 5 | 36.5060 USD |
| common stock | Sale | 5 | 36.5060 USD |
| common stock | Sale | 10 | 36.5070 USD |
| common stock | Sale | 25 | 36.5072 USD |
| common stock | Sale | 25 | 36.5072 USD |
| common stock | Sale | 5 | 36.5340 USD |
| common stock | Sale | 5 | 36.5340 USD |
| common stock | Sale | 5 | 36.5340 USD |
| common stock | Sale | 15 | 36.5347 USD |
| common stock | Sale | 10 | 36.5350 USD |
(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 |
| | | | | |
(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 | Type e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
| | | | | | | | |
(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? | NO |
Date of disclosure: | 17 April 2024 |
Contact name: | Papa Lette and Andrzej Szyszka |
Telephone number*: | +33(1) 4212 1459 / +48(22) 317 4817 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel's Market Surveillance Unit is available for consultation in relation to the Code's disclosure requirements on +44 (0)20 7638 0129.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.
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