Source - LSE Regulatory
RNS Number : 6526G
Societe Generale SA
02 October 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

01/10/2024

(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:

451,226

0.13

332,583

0.10

(2)  Cash-settled derivatives:

 

4,049

0.00

2,132

0.00

(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:

17,200

0.00

0

0.00

TOTAL:

472,475

0.14

334,715

0.10

   

 

 

 

 

               

 

 

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

500

49.21

common stock

Purchase

2

48.69

common stock

Purchase

2

48.7

common stock

Purchase

2

48.73

common stock

Purchase

2

48.76

common stock

Purchase

2

48.76

common stock

Purchase

2

48.77

common stock

Purchase

2

48.77

common stock

Purchase

2

48.77

common stock

Purchase

2

48.77

common stock

Purchase

2

48.78

common stock

Purchase

3

48.72

common stock

Purchase

5

49.21

common stock

Purchase

22

49.21

common stock

Purchase

218

49.21

common stock

Purchase

20,058

49.21

common stock

Purchase

10

48.83

common stock

Purchase

100

48.78

common stock

Purchase

11

48.83

common stock

Purchase

1

48.83

common stock

Purchase

100

48.78

common stock

Purchase

20

48.83

common stock

Purchase

12

48.86

common stock

Purchase

134

49.21

common stock

Purchase

146

49.21

common stock

Purchase

147

49.21

common stock

Purchase

1

48.75

common stock

Purchase

24

48.75

common stock

Purchase

46

48.7

common stock

Purchase

48

49.01

common stock

Purchase

48

49.03

common stock

Purchase

54

48.7

common stock

Purchase

100

48.7

common stock

Purchase

100

48.75

common stock

Purchase

100

49.06

common stock

Purchase

100

49.07

common stock

Purchase

100

49.07

common stock

Purchase

30

48.83

Class of relevant security

Purchase/sale

Number of securities

Price per unit

EUR

common stock

Purchase

200

43.772

common stock

Purchase

552

44.035

common stock

Purchase

250

43.481

common stock

Purchase

250

43.397

common stock

Purchase

200

43.781

common stock

Purchase

250

43.397

common stock

Purchase

250

43.417

common stock

Purchase

250

43.397

common stock

Purchase

250

43.417

common stock

Purchase

90

43.355

common stock

Purchase

416

44.254

common stock

Purchase

200

43.774

common stock

Purchase

333

43.935

Class of relevant security

Purchase/sale

Number of securities

Price per unit

USD

common stock

Sale

55

49.23

common stock

Sale

100

48.64

common stock

Sale

100

49.07

common stock

Sale

33

49.04

common stock

Sale

47

48.77

common stock

Sale

53

48.77

common stock

Sale

67

49.04

common stock

Sale

100

48.72

common stock

Sale

100

48.74

common stock

Sale

100

49.02

common stock

Sale

100

49.19

common stock

Sale

100

49.21

common stock

Sale

100

49.22

common stock

Sale

100

49.24

common stock

Sale

100

49.31

common stock

Sale

1

49.08

common stock

Sale

1

49.08

common stock

Sale

1

49.1

common stock

Sale

4

49.08

common stock

Sale

10

49.09

common stock

Sale

12

49.08

common stock

Sale

17

49.09

common stock

Sale

27

49.09

common stock

Sale

32

49.08

common stock

Sale

46

49.09

common stock

Sale

72

49.09

common stock

Sale

78

49.08

common stock

Sale

94

49.23

common stock

Sale

98

49.23

common stock

Sale

100

49.08

common stock

Sale

100

49.08

common stock

Sale

100

49.08

common stock

Sale

100

49.08

common stock

Sale

100

49.09

common stock

Sale

100

49.09

common stock

Sale

100

49.09

common stock

Sale

100

49.09

common stock

Sale

100

49.09

common stock

Sale

100

49.095

common stock

Sale

100

49.095

common stock

Sale

100

49.1

common stock

Sale

100

49.1

common stock

Sale

100

49.105

common stock

Sale

100

49.105

common stock

Sale

128

49.09

common stock

Sale

199

49.11

common stock

Sale

200

49.09

common stock

Sale

200

49.1

common stock

Sale

200

49.105

common stock

Sale

272

49.08

common stock

Sale

300

49.1

common stock

Sale

1

49.06

common stock

Sale

1

49.06

common stock

Sale

1

49.06

common stock

Sale

1

49.06

common stock

Sale

2

49.05

common stock

Sale

2

49.05

common stock

Sale

2

49.05

common stock

Sale

2

49.055

common stock

Sale

2

49.06

common stock

Sale

2

49.07

common stock

Sale

3

49

common stock

Sale

4

49.07

common stock

Sale

4

49.23

common stock

Sale

50

48.53

common stock

Sale

200

48.48

common stock

Sale

11

49.21

common stock

Sale

100

49.21

common stock

Sale

89

49.21

common stock

Sale

1

49.21

common stock

Sale

3

49.15

common stock

Sale

4

49.22

common stock

Sale

6

49.21

common stock

Sale

11

49.15

common stock

Sale

14

49.21

common stock

Sale

14

49.21

common stock

Sale

15

49.2

common stock

Sale

17

49.21

common stock

Sale

21

49.22

common stock

Sale

26

49.2

common stock

Sale

27

49.19

common stock

Sale

37

49.21

common stock

Sale

59

49.2

common stock

Sale

73

49.19

common stock

Sale

82

49.21

common stock

Sale

89

49.15

common stock

Sale

96

49.22

common stock

Sale

100

48.56

common stock

Sale

100

48.57

common stock

Sale

100

48.59

common stock

Sale

100

48.6

common stock

Sale

100

48.6

common stock

Sale

100

48.67

common stock

Sale

100

48.75

common stock

Sale

100

48.76

common stock

Sale

100

48.77

common stock

Sale

100

48.78

common stock

Sale

100

48.78

common stock

Sale

100

48.79

common stock

Sale

100

48.9

common stock

Sale

100

49.06

common stock

Sale

100

49.08

common stock

Sale

100

49.17

common stock

Sale

100

49.19

common stock

Sale

100

49.2

common stock

Sale

100

49.21

common stock

Sale

100

49.21

common stock

Sale

100

49.21

common stock

Sale

100

49.22

common stock

Sale

100

49.22

common stock

Sale

500

49.3

common stock

Sale

58

48.48

common stock

Sale

100

48.84

common stock

Sale

100

49.25

common stock

Sale

200

49.2495

common stock

Sale

3

48.74

common stock

Sale

5,170

49.21

common stock

Sale

4,100

49.21

common stock

Sale

16,400

49.21

 

 

(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

Reducing a long position

2

48.69

common stock

CFD

Reducing a long position

2

48.7

common stock

CFD

Reducing a long position

2

48.73

common stock

CFD

Reducing a long position

2

48.76

common stock

CFD

Reducing a long position

2

48.76

common stock

CFD

Reducing a long position

2

48.77

common stock

CFD

Reducing a long position

2

48.77

common stock

CFD

Reducing a long position

2

48.77

common stock

CFD

Reducing a long position

2

48.77

common stock

CFD

Reducing a long position

2

48.78

common stock

CFD

Reducing a long position

3

48.72

common stock

CFD

Reducing a long position

5

49.21

common stock

CFD

Reducing a long position

22

49.21

common stock

CFD

Reducing a long position

218

49.21

common stock

CFD

Increasing a long position

1

49.06

common stock

CFD

Increasing a long position

1

49.06

common stock

CFD

Increasing a long position

1

49.06

common stock

CFD

Increasing a long position

1

49.06

common stock

CFD

Increasing a long position

2

49.05

common stock

CFD

Increasing a long position

2

49.05

common stock

CFD

Increasing a long position

2

49.05

common stock

CFD

Increasing a long position

2

49.055

common stock

CFD

Increasing a long position

2

49.06

common stock

CFD

Increasing a long position

2

49.07

common stock

CFD

Increasing a long position

3

49

common stock

CFD

Increasing a long position

4

49.07

               

 

(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?

YES

 

 

Date of disclosure:

02/10/2024

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

Written

17,200

25

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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