Form 8.3 - International Paper Company

29 April 2024, 13:33

Source - LSE Regulatory

RNS Number : 4469M

Societe Generale SA

29 April 2024

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:	SOCIETE GENERALE SA
(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	26/04/2024
(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

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:	351,971	0.10	336,886	0.10
(2) Cash-settled derivatives:	1,414	0.00	0	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	26,800	0.01	0	0.00
TOTAL:	*380,185	0.11	336,886	0.10

*The change in the holding of 337,800 shares is due to a derivative which is referenced to a
basket of securities ceasing to be disclosable for the purpose of the Code.

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
common stock	Purchase	1000	33.83
common stock	Purchase	400	33.83
common stock	Purchase	3	33.72
common stock	Purchase	3	33.72
common stock	Purchase	11	33.62
common stock	Purchase	13	33.72
common stock	Purchase	16	33.64
common stock	Purchase	20	33.72
common stock	Purchase	25	33.88
common stock	Purchase	75	33.88
common stock	Purchase	89	33.62
common stock	Purchase	100	33.51
common stock	Purchase	100	33.56
common stock	Purchase	100	33.56
common stock	Purchase	100	33.58
common stock	Purchase	100	33.58
common stock	Purchase	100	33.59
common stock	Purchase	100	33.88
common stock	Purchase	184	33.64
common stock	Purchase	200	33.65
common stock	Purchase	200	33.71
common stock	Purchase	200	33.87
common stock	Purchase	200	33.92
common stock	Purchase	25	33.88
common stock	Purchase	100	33.51
common stock	Purchase	175	33.88
common stock	Purchase	200	33.65
common stock	Purchase	1	33.4
common stock	Purchase	5	33.52
common stock	Purchase	11	33.4
common stock	Purchase	17	33.96
common stock	Purchase	21	33.78
common stock	Purchase	21	33.96
common stock	Purchase	28	33.66
common stock	Purchase	29	33.78
common stock	Purchase	35	33.41
common stock	Purchase	65	33.41
common stock	Purchase	72	33.66
common stock	Purchase	100	33.44
common stock	Purchase	100	33.5
common stock	Purchase	100	33.51
common stock	Purchase	100	33.56
common stock	Purchase	100	33.57
common stock	Purchase	100	33.58
common stock	Purchase	100	33.61
common stock	Purchase	100	33.61
common stock	Purchase	100	33.65
common stock	Purchase	100	33.69
common stock	Purchase	100	33.73
common stock	Purchase	100	33.73
common stock	Purchase	100	33.74
common stock	Purchase	100	33.79
common stock	Purchase	100	33.83
common stock	Purchase	100	33.83
common stock	Purchase	100	33.89
common stock	Purchase	150	33.78
common stock	Purchase	262	33.96
common stock	Purchase	300	33.71
common stock	Purchase	300	33.84
common stock	Purchase	300	33.92
common stock	Purchase	400	33.93
common stock	Purchase	100	33.65
common stock	Purchase	100	33.72
common stock	Purchase	2	33.84
common stock	Purchase	37	33.84
common stock	Purchase	129	33.84
common stock	Purchase	163	33.84
common stock	Purchase	208	33.84
common stock	Purchase	309	33.83
common stock	Purchase	3075	33.83
common stock	Purchase	1421	33.86
common stock	Sale	1	33.49
common stock	Sale	9	33.45
common stock	Sale	9	33.55
common stock	Sale	9	33.595
common stock	Sale	12	33.46
common stock	Sale	12	33.55
common stock	Sale	20	33.49
common stock	Sale	21	33.43
common stock	Sale	21	33.45
common stock	Sale	21	33.46
common stock	Sale	21	33.46
common stock	Sale	21	33.47
common stock	Sale	21	33.52
common stock	Sale	21	33.52
common stock	Sale	21	33.52
common stock	Sale	21	33.55
common stock	Sale	21	33.56
common stock	Sale	21	33.56
common stock	Sale	21	33.56
common stock	Sale	21	33.57
common stock	Sale	21	33.58
common stock	Sale	21	33.58
common stock	Sale	21	33.6
common stock	Sale	11	33.83
common stock	Sale	154	33.83
common stock	Sale	161	33.83
common stock	Sale	166	33.83
common stock	Sale	339	33.83
common stock	Sale	88	33.83
common stock	Sale	41	33.72
common stock	Sale	112	33.83
common stock	Sale	100	33.7
common stock	Sale	48	33.61
common stock	Sale	72	33.58
common stock	Sale	100	33.72
common stock	Sale	17	33.61
common stock	Sale	7	33.7
common stock	Sale	7	33.7
common stock	Sale	4	33.83
common stock	Sale	13	33.55
common stock	Sale	2	33.55
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
common stock	Sale	100	31.25

(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 USD

common stock

CFD

Increasing a long position

166

33.828

common stock

CFD

Closing a short position

326

33.828

(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

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	29/04/2024
Contact name:	Paul Jenkins
Telephone number:	+44 20 7676 6969

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.

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:	SOCIETE GENERALE SA
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

common stock

Listed Put Option

Purchased

9,600

American

21/06/2024

common stock

Listed Put Option

Purchased

17,200

American

17/01/2025

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.

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END

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Contact name:

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Form 8.3 - International Paper Company

Date of disclosure:

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