Form 8.3 - International Paper Company

24 May 2024, 09:01

Source - LSE Regulatory

RNS Number : 8348P

Societe Generale SA

24 May 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	23/05/2024
(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:	351,584	0.10	36,402	0.01
(2) Cash-settled derivatives:	340,520	0.10	100	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	26,800	0.01	0	0.00
TOTAL:	718,904	0.21	36,502	0.01

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	1,100	44.16
common stock	Purchase	3,024	44.16
common stock	Purchase	2,776	44.16
common stock	Purchase	11	43.74
common stock	Purchase	15	43.74
common stock	Purchase	74	43.74
common stock	Purchase	82	42.75
common stock	Purchase	100	42.73
common stock	Purchase	100	42.8
common stock	Purchase	100	44.12
common stock	Purchase	100	44.45
common stock	Purchase	100	43.99
common stock	Purchase	100	44.45
common stock	Purchase	4	42.7
common stock	Purchase	40	44.26
common stock	Purchase	60	44.26
common stock	Purchase	100	42.63
common stock	Purchase	100	42.64
common stock	Purchase	100	42.64
common stock	Purchase	100	42.72
common stock	Purchase	100	42.8
common stock	Purchase	100	42.8
common stock	Purchase	100	42.88
common stock	Purchase	100	42.95
common stock	Purchase	100	43.05
common stock	Purchase	100	43.12
common stock	Purchase	100	43.44
common stock	Purchase	100	43.45
common stock	Purchase	100	43.48
common stock	Purchase	100	43.49
common stock	Purchase	100	43.65
common stock	Purchase	100	43.76
common stock	Purchase	100	43.9
common stock	Purchase	100	44.01
common stock	Purchase	100	44.06
common stock	Purchase	100	44.12
common stock	Purchase	100	44.46
common stock	Purchase	1,230	44.16
common stock	Purchase	49	42.94
common stock	Purchase	51	42.94
common stock	Purchase	100	42.94
common stock	Purchase	100	42.94
common stock	Purchase	100	42.94
common stock	Purchase	2,418	44.16
common stock	Purchase	482	44.16
common stock	Purchase	41	44.16
common stock	Purchase	7	44.06
common stock	Purchase	7	44.11
common stock	Purchase	10	43.62
common stock	Purchase	10	44.05
common stock	Purchase	11	43.62
common stock	Purchase	11	44
common stock	Purchase	12	43.62
common stock	Purchase	12	43.62
common stock	Purchase	14	44.08
common stock	Purchase	15	43.62
common stock	Purchase	15	43.62
common stock	Purchase	20	44
common stock	Purchase	21	44.07
common stock	Purchase	24	44.04
common stock	Purchase	25	43.62
common stock	Purchase	25	43.94
common stock	Purchase	26	44.09
common stock	Purchase	29	44.43
common stock	Purchase	32	44.04
common stock	Purchase	35	44
common stock	Purchase	40	44.1
common stock	Purchase	41	44.1
common stock	Purchase	47	43.95
common stock	Purchase	49	44
common stock	Purchase	51	44
common stock	Purchase	53	43.95
common stock	Purchase	59	44.1
common stock	Purchase	60	44.1
common stock	Purchase	65	44
common stock	Purchase	67	44.01
common stock	Purchase	68	44.04
common stock	Purchase	69	44.02
common stock	Purchase	71	44.43
common stock	Purchase	75	43.94
common stock	Purchase	76	44.04
common stock	Purchase	79	44.07
common stock	Purchase	80	44
common stock	Purchase	86	44.08
common stock	Purchase	89	44
common stock	Purchase	90	44.05
common stock	Purchase	93	44.06
common stock	Purchase	93	44.11
common stock	Purchase	94	44.31
common stock	Purchase	100	42.8
common stock	Purchase	100	43
common stock	Purchase	100	43.29
common stock	Purchase	100	43.47
common stock	Purchase	100	43.49
common stock	Purchase	100	43.94
common stock	Purchase	100	43.94
common stock	Purchase	100	43.95
common stock	Purchase	100	43.95
common stock	Purchase	100	43.96
common stock	Purchase	100	43.96
common stock	Purchase	100	43.96
common stock	Purchase	100	43.97
common stock	Purchase	100	43.97
common stock	Purchase	100	43.97
common stock	Purchase	100	43.98
common stock	Purchase	100	43.99
common stock	Purchase	100	44
common stock	Purchase	100	44.01
common stock	Purchase	100	44.01
common stock	Purchase	100	44.01
common stock	Purchase	100	44.01
common stock	Purchase	100	44.01
common stock	Purchase	100	44.02
common stock	Purchase	100	44.02
common stock	Purchase	100	44.02
common stock	Purchase	100	44.03
common stock	Purchase	100	44.04
common stock	Purchase	100	44.04
common stock	Purchase	100	44.04
common stock	Purchase	100	44.04
common stock	Purchase	100	44.04
common stock	Purchase	100	44.04
common stock	Purchase	100	44.06
common stock	Purchase	100	44.07
common stock	Purchase	100	44.08
common stock	Purchase	100	44.08
common stock	Purchase	100	44.08
common stock	Purchase	100	44.12
common stock	Purchase	100	44.12
common stock	Purchase	100	44.13
common stock	Purchase	100	44.13
common stock	Purchase	100	44.16
common stock	Purchase	100	44.17
common stock	Purchase	100	44.18
common stock	Purchase	100	44.29
common stock	Purchase	100	44.33
common stock	Purchase	100	44.38
common stock	Purchase	100	44.45
common stock	Purchase	100	44.45
common stock	Purchase	100	44.46
common stock	Purchase	106	44.01
common stock	Purchase	139	44.03
common stock	Purchase	198	44.03
common stock	Purchase	200	44.2
common stock	Purchase	394	44.01
common stock	Purchase	400	43.25
common stock	Purchase	402	44.03
common stock	Purchase	461	44.03
common stock	Purchase	500	42.75
common stock	Purchase	500	44.05
common stock	Purchase	574	44.09
common stock	Purchase	20	44.115
common stock	Purchase	32	44.12
common stock	Purchase	117	44.06
common stock	Purchase	183	44.055
common stock	Purchase	450	44.276
common stock	Purchase	16	42.98
common stock	Purchase	3,075	44.16
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
common stock	Purchase	503	40.155
common stock	Purchase	14	40.72
common stock	Purchase	217	40.448
common stock	Purchase	68	39.769
common stock	Purchase	850	40.858
common stock	Purchase	300	39.183
common stock	Purchase	59	40.948
common stock	Purchase	100	39.48
common stock	Purchase	100	40.765
common stock	Purchase	1,000	39.69
common stock	Purchase	1,000	39.015
common stock	Purchase	610	39.59
common stock	Purchase	800	38.985
common stock	Purchase	1,000	39.655
common stock	Purchase	1,000	39.015
common stock	Purchase	700	39.595
Class of relevant security	Purchase/sale	Number of securities	Price per unit USD
common stock	Sale	10	43.46
common stock	Sale	13	44.02
common stock	Sale	24	44.02
common stock	Sale	24	44.15
common stock	Sale	26	44.15
common stock	Sale	87	44.02
common stock	Sale	91	43
common stock	Sale	100	43.46
common stock	Sale	100	44.02
common stock	Sale	100	44.15
common stock	Sale	100	44.15
common stock	Sale	100	44.16
common stock	Sale	200	44.155
common stock	Sale	200	44.16
common stock	Sale	249	44.02
common stock	Sale	390	43.46
common stock	Sale	400	43
common stock	Sale	427	44.02
common stock	Sale	500	43
common stock	Sale	600	43.46
common stock	Sale	909	43
common stock	Sale	19	44.16
common stock	Sale	1,215	44.16
common stock	Sale	33,632	44.16
common stock	Sale	3,280	44.16
common stock	Sale	2	42.79
common stock	Sale	2	42.9
common stock	Sale	3	42.79
common stock	Sale	3	43.59
common stock	Sale	3	44.12
common stock	Sale	5	43.13
common stock	Sale	6	42.9
common stock	Sale	7	42.94
common stock	Sale	10	43.75
common stock	Sale	11	42.97
common stock	Sale	11	42.97
common stock	Sale	11	43.68
common stock	Sale	15	42.94
common stock	Sale	15	43.13
common stock	Sale	16	43.13
common stock	Sale	19	43.1
common stock	Sale	21	42.9
common stock	Sale	28	42.79
common stock	Sale	32	42.97
common stock	Sale	32	42.97
common stock	Sale	33	44.19
common stock	Sale	35	43.13
common stock	Sale	36	42.97
common stock	Sale	37	44.19
common stock	Sale	40	42.9
common stock	Sale	41	43.13
common stock	Sale	50	43.2
common stock	Sale	53	42.98
common stock	Sale	55	43.14
common stock	Sale	60	42.9
common stock	Sale	66	44.19
common stock	Sale	67	44.05
common stock	Sale	70	42.9
common stock	Sale	75	42.45
common stock	Sale	78	42.97
common stock	Sale	81	43.1
common stock	Sale	82	43.2
common stock	Sale	88	44.41
common stock	Sale	89	43.68
common stock	Sale	90	43.75
common stock	Sale	92	44.12
common stock	Sale	96	42.66
common stock	Sale	97	43.59
common stock	Sale	97	44.12
common stock	Sale	100	42.5
common stock	Sale	100	42.66
common stock	Sale	100	42.71
common stock	Sale	100	42.78
common stock	Sale	100	42.79
common stock	Sale	100	42.8
common stock	Sale	100	42.83
common stock	Sale	100	42.85
common stock	Sale	100	42.85
common stock	Sale	100	42.88
common stock	Sale	100	42.94
common stock	Sale	100	42.94
common stock	Sale	100	42.95
common stock	Sale	100	42.95
common stock	Sale	100	42.95
common stock	Sale	100	42.95
common stock	Sale	100	42.97
common stock	Sale	100	42.97
common stock	Sale	100	42.97
common stock	Sale	100	42.98
common stock	Sale	100	43.2
common stock	Sale	100	43.64
common stock	Sale	100	43.67
common stock	Sale	100	43.75
common stock	Sale	100	43.77
common stock	Sale	100	43.82
common stock	Sale	100	43.91
common stock	Sale	100	44
common stock	Sale	100	44.04
common stock	Sale	100	44.05
common stock	Sale	100	44.06
common stock	Sale	100	44.08
common stock	Sale	100	44.1
common stock	Sale	100	44.1
common stock	Sale	100	44.11
common stock	Sale	100	44.12
common stock	Sale	100	44.13
common stock	Sale	100	44.15
common stock	Sale	100	44.16
common stock	Sale	100	44.18
common stock	Sale	100	44.18
common stock	Sale	100	44.18
common stock	Sale	100	44.2
common stock	Sale	100	44.44
common stock	Sale	100	44.45
common stock	Sale	100	44.45
common stock	Sale	100	44.45
common stock	Sale	100	44.46
common stock	Sale	103	44.415
common stock	Sale	122	44.425
common stock	Sale	136	42.97
common stock	Sale	136	44.16
common stock	Sale	149	42.78
common stock	Sale	168	43.2
common stock	Sale	172	42.79
common stock	Sale	178	44.42
common stock	Sale	185	42.94
common stock	Sale	193	42.94
common stock	Sale	200	42.45
common stock	Sale	200	42.8
common stock	Sale	200	43.2
common stock	Sale	200	44.11
common stock	Sale	292	42.79
common stock	Sale	322	43.13
common stock	Sale	348	42.78
common stock	Sale	500	42.8
common stock	Sale	500	44.09
common stock	Sale	564	44.16
common stock	Sale	700	44.18
common stock	Sale	2,406	42.79
common stock	Sale	6	44.43
common stock	Sale	100	44.41
common stock	Sale	100	44.42
common stock	Sale	100	44.43
common stock	Sale	100	44.43
common stock	Sale	200	44.46
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
common stock	Sale	521	39.599
common stock	Sale	1,000	38.875
common stock	Sale	800	38.875
common stock	Sale	750	38.865
common stock	Sale	1,000	38.865

(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

44.16

(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:	24/05/2024
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

RETGZGZKRDGGDZG

Date of disclosure:

Contact name:

Telephone number:

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Form 8.3 - International Paper Company

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