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:
|
|
Barclays PLC.
|
(b)
|
Owner or controller of interest and short
|
|
|
positions disclosed, if different from 1(a):
|
(c)
|
Name of offeror/offeree in relation to whose
|
INTERNATIONAL PAPER COMPANY
|
|
relevant securities this form relates:
|
(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:
|
29
Jan 2025
|
(f)
|
In
addition to the company in 1(c) above, is the discloser
making
|
YES:
|
|
|
|
disclosures in respect of any other party to the
offer?
|
DS
SMITH PLC
|
|
2.
|
POSITIONS OF THE PERSON MAKING THE
DISCLOSURE
|
(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:
|
|
|
820,840
|
0.24%
|
625,566
|
0.18%
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
and/or controlled:
|
|
|
527,504
|
0.15%
|
20,310
|
0.01%
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
60,100
|
0.02%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
1,408,444
|
0.41%
|
645,876
|
0.19%
|
(b)
|
Rights to subscribe for new securities (including directors
and other executive
|
|
|
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 EXEMPT PRINCIPAL
TRADER
|
(a)
|
Purchases and sales
|
|
|
|
|
|
Class of
relevant
|
Purchase/sale
|
Number of
|
Price per
unit
|
security
|
|
securities
|
|
common
stock
|
Purchase
|
1,142,444
|
58.1739 USD
|
common
stock
|
Purchase
|
263,850
|
58.0639 USD
|
common
stock
|
Purchase
|
195,202
|
58.0926 USD
|
common
stock
|
Purchase
|
156,650
|
58.1156 USD
|
common
stock
|
Purchase
|
143,400
|
58.0068 USD
|
common
stock
|
Purchase
|
88,639
|
58.0928 USD
|
common
stock
|
Purchase
|
85,884
|
58.1349 USD
|
common
stock
|
Purchase
|
75,086
|
58.2805 USD
|
common
stock
|
Purchase
|
69,090
|
58.0806 USD
|
common
stock
|
Purchase
|
65,575
|
58.1177 USD
|
common
stock
|
Purchase
|
57,209
|
58.1010 USD
|
common
stock
|
Purchase
|
52,832
|
58.0829 USD
|
common
stock
|
Purchase
|
46,894
|
58.0715 USD
|
common
stock
|
Purchase
|
22,819
|
58.2317 USD
|
common
stock
|
Purchase
|
18,011
|
58.3628 USD
|
common
stock
|
Purchase
|
17,232
|
58.1362 USD
|
common
stock
|
Purchase
|
12,337
|
58.7204 USD
|
common
stock
|
Purchase
|
11,658
|
58.1171 USD
|
common
stock
|
Purchase
|
11,603
|
58.0942 USD
|
common
stock
|
Purchase
|
10,500
|
58.2229 USD
|
common
stock
|
Purchase
|
10,134
|
58.1586 USD
|
common
stock
|
Purchase
|
8,635
|
58.1283 USD
|
common
stock
|
Purchase
|
8,313
|
58.1895 USD
|
common
stock
|
Purchase
|
6,496
|
58.1063 USD
|
common
stock
|
Purchase
|
6,408
|
58.0340 USD
|
common
stock
|
Purchase
|
6,283
|
58.0869 USD
|
common
stock
|
Purchase
|
5,334
|
58.0308 USD
|
common
stock
|
Purchase
|
4,543
|
58.2438 USD
|
common
stock
|
Purchase
|
4,196
|
58.0999 USD
|
common
stock
|
Purchase
|
3,058
|
57.8861 USD
|
common
stock
|
Purchase
|
2,926
|
57.9800 USD
|
common
stock
|
Purchase
|
2,500
|
57.9965 USD
|
common
stock
|
Purchase
|
2,252
|
58.0421 USD
|
common
stock
|
Purchase
|
2,028
|
57.9803 USD
|
common
stock
|
Purchase
|
1,956
|
58.1296 USD
|
common
stock
|
Purchase
|
1,905
|
58.0010 USD
|
common
stock
|
Purchase
|
1,202
|
57.9884 USD
|
common
stock
|
Purchase
|
739
|
58.1584 USD
|
common
stock
|
Purchase
|
622
|
57.9446 USD
|
common
stock
|
Purchase
|
500
|
58.0580 USD
|
common
stock
|
Purchase
|
400
|
58.3325 USD
|
common
stock
|
Purchase
|
324
|
57.9900 USD
|
common
stock
|
Purchase
|
300
|
58.1200 USD
|
common
stock
|
Purchase
|
300
|
57.9366 USD
|
common
stock
|
Purchase
|
200
|
58.5000 USD
|
common
stock
|
Purchase
|
155
|
55.9588 EUR
|
common
stock
|
Purchase
|
77
|
58.4500 USD
|
common
stock
|
Purchase
|
42
|
58.0500 USD
|
common
stock
|
Purchase
|
15
|
55.8600 EUR
|
common
stock
|
Purchase
|
14
|
57.9985 USD
|
common
stock
|
Purchase
|
6
|
58.5600 USD
|
common
stock
|
Sale
|
1,452,871
|
58.1575 USD
|
common
stock
|
Sale
|
681,367
|
58.1235 USD
|
common
stock
|
Sale
|
108,870
|
58.0859 USD
|
common
stock
|
Sale
|
70,102
|
57.9736 USD
|
common
stock
|
Sale
|
69,471
|
58.1632 USD
|
common
stock
|
Sale
|
36,197
|
58.1602 USD
|
common
stock
|
Sale
|
28,099
|
58.1107 USD
|
common
stock
|
Sale
|
19,114
|
58.1980 USD
|
common
stock
|
Sale
|
15,383
|
58.1738 USD
|
common
stock
|
Sale
|
14,404
|
57.9959 USD
|
common
stock
|
Sale
|
11,394
|
57.9291 USD
|
common
stock
|
Sale
|
8,313
|
58.1895 USD
|
common
stock
|
Sale
|
8,194
|
58.0595 USD
|
common
stock
|
Sale
|
7,815
|
58.0433 USD
|
common
stock
|
Sale
|
7,759
|
58.0834 USD
|
common
stock
|
Sale
|
6,885
|
58.0756 USD
|
common
stock
|
Sale
|
5,893
|
57.9999 USD
|
common
stock
|
Sale
|
5,688
|
58.1355 USD
|
common
stock
|
Sale
|
5,458
|
58.1305 USD
|
common
stock
|
Sale
|
5,409
|
57.9610 USD
|
common
stock
|
Sale
|
5,334
|
58.0308 USD
|
common
stock
|
Sale
|
4,365
|
58.3501 USD
|
common
stock
|
Sale
|
4,171
|
58.1198 USD
|
common
stock
|
Sale
|
3,971
|
58.2945 USD
|
common
stock
|
Sale
|
3,731
|
58.1689 USD
|
common
stock
|
Sale
|
3,398
|
57.9855 USD
|
common
stock
|
Sale
|
3,058
|
57.8861 USD
|
common
stock
|
Sale
|
3,048
|
57.8694 USD
|
common
stock
|
Sale
|
2,827
|
58.0024 USD
|
common
stock
|
Sale
|
2,112
|
58.0220 USD
|
common
stock
|
Sale
|
2,064
|
58.1625 USD
|
common
stock
|
Sale
|
2,064
|
57.9624 USD
|
common
stock
|
Sale
|
2,028
|
57.9803 USD
|
common
stock
|
Sale
|
1,883
|
58.1066 USD
|
common
stock
|
Sale
|
1,780
|
57.9800 USD
|
common
stock
|
Sale
|
1,706
|
58.2323 USD
|
common
stock
|
Sale
|
1,624
|
58.0248 USD
|
common
stock
|
Sale
|
1,458
|
57.9615 USD
|
common
stock
|
Sale
|
1,400
|
58.0357 USD
|
common
stock
|
Sale
|
1,300
|
58.1376 USD
|
common
stock
|
Sale
|
1,202
|
57.9884 USD
|
common
stock
|
Sale
|
1,113
|
58.1351 USD
|
common
stock
|
Sale
|
1,099
|
57.9876 USD
|
common
stock
|
Sale
|
1,000
|
57.8830 USD
|
common
stock
|
Sale
|
739
|
58.1584 USD
|
common
stock
|
Sale
|
659
|
58.1502 USD
|
common
stock
|
Sale
|
446
|
58.0409 USD
|
common
stock
|
Sale
|
350
|
58.0000 USD
|
common
stock
|
Sale
|
346
|
58.1890 USD
|
common
stock
|
Sale
|
315
|
57.8539 USD
|
common
stock
|
Sale
|
300
|
58.1233 USD
|
common
stock
|
Sale
|
300
|
57.9000 USD
|
common
stock
|
Sale
|
300
|
58.5266 USD
|
common
stock
|
Sale
|
244
|
58.2013 USD
|
common
stock
|
Sale
|
222
|
58.0663 USD
|
common
stock
|
Sale
|
218
|
58.4668 USD
|
common
stock
|
Sale
|
210
|
58.1421 USD
|
common
stock
|
Sale
|
204
|
58.0939 USD
|
common
stock
|
Sale
|
200
|
57.7900 USD
|
common
stock
|
Sale
|
200
|
58.0600 USD
|
common
stock
|
Sale
|
192
|
57.9003 USD
|
common
stock
|
Sale
|
155
|
55.9588 EUR
|
common
stock
|
Sale
|
133
|
58.0955 USD
|
common
stock
|
Sale
|
110
|
58.0909 USD
|
common
stock
|
Sale
|
110
|
58.0972 USD
|
common
stock
|
Sale
|
105
|
58.1200 USD
|
common
stock
|
Sale
|
100
|
57.8300 USD
|
common
stock
|
Sale
|
100
|
57.9100 USD
|
common
stock
|
Sale
|
100
|
58.8700 USD
|
common
stock
|
Sale
|
62
|
58.3759 USD
|
common
stock
|
Sale
|
50
|
58.1500 USD
|
common
stock
|
Sale
|
38
|
58.0734 USD
|
common
stock
|
Sale
|
38
|
58.0631 USD
|
common
stock
|
Sale
|
32
|
57.8893 USD
|
common
stock
|
Sale
|
21
|
58.3990 USD
|
common
stock
|
Sale
|
17
|
57.8800 USD
|
common
stock
|
Sale
|
16
|
58.4100 USD
|
common
stock
|
Sale
|
15
|
55.8600 EUR
|
common
stock
|
Sale
|
8
|
57.8200 USD
|
common
stock
|
Sale
|
6
|
58.5600 USD
|
common
stock
|
Sale
|
5
|
58.3700 USD
|
common
stock
|
Sale
|
5
|
58.9300 USD
|
common
stock
|
Sale
|
5
|
58.3500 USD
|
common
stock
|
Sale
|
4
|
58.1900 USD
|
common
stock
|
Sale
|
3
|
58.0900 USD
|
common
stock
|
Sale
|
2
|
58.2376 USD
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
|
Class of
|
Product
|
Nature of
dealing
|
Number of
|
Price per
|
relevant
|
description
|
|
reference
|
unit
|
security
|
|
|
securities
|
|
common
stock
|
SWAP
|
Increasing Long
|
919
|
57.9774 USD
|
common
stock
|
SWAP
|
Decreasing Long
|
121
|
57.9809 USD
|
common
stock
|
SWAP
|
Opening
Long
|
200
|
58.8796 USD
|
common
stock
|
SWAP
|
Closing
Long
|
200
|
59.1204 USD
|
common
stock
|
SWAP
|
Increasing Long
|
350
|
57.9986 USD
|
common
stock
|
SWAP
|
Increasing Long
|
1,927
|
58.1158 USD
|
|
|
|
|
|
|
|
|
(c)
|
Stock-settled derivative transactions (including
options)
|
|
(i)
|
Writing, selling, purchasing or varying
|
|
Class
|
Product
|
Writing,
|
Number
|
Exercise
|
Type
|
Expiry
|
Option
|
of
|
description
|
purchasing,
|
of
|
price
|
|
date
|
money
|
relevant
|
|
selling,
|
securities
|
per unit
|
|
|
paid/
|
security
|
|
varying etc
|
to which
|
|
|
|
received
|
|
|
|
option
|
|
|
|
per unit
|
|
|
|
relates
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(ii)
|
Exercising
|
|
|
|
|
|
|
Class of
relevant
|
Product
description
|
Exercising/ exercised
against
|
Number of
|
Exercise price
per
|
security
|
|
|
securities
|
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other dealings (including subscribing for new
securities)
|
|
Class of
relevant
|
Nature of
Dealings
|
Details
|
Price per unit
(if
|
security
|
|
|
applicable)
|
|
|
|
|
4.
|
OTHER INFORMATION
|
(a)
|
Indemnity and other dealings 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 exempt principal trader
making the disclosure and any party
|
|
to
the offer or any person acting in concert with a party to the
offer:
|
|
|
|
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 of future acquisition or disposal of
any relevant securities to which
|
|
|
any
derivative is referenced:
|
|
|
|
|
|
|
NONE
|
(c)
|
Attachments
|
|
|
|
|
|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
YES
|
Date of disclosure:
|
30 Jan 2025
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DETAILS OF OPEN OPTION AND
DERIVATIVE POSITIONS, AGREEMENTS TO
|
PURCHASE OR SELL
ETC.
|
Note 5(i) on Rule 8 of the
Takeover Code (the "Code")
|
1.
|
KEY
INFORMATION
|
Identity of the person whose
positions/dealings
|
Barclays PLC.
|
are
being disclosed:
|
Name of offeror/offeree in relation to whose
|
INTERNATIONAL PAPER COMPANY
|
relevant securities this from relates:
|
|
|
|
|
|
|
|
|
2.
|
OPTIONS AND DERIVATIVES
|
Class of relevant
security
|
Product
description
|
Writing, purchasing, selling,
varying etc
|
Number of securities to which
option relates
|
Exercise price per
unit
|
Type
|
Expiry date
|
common
stock
|
Call
Options
|
Purchased
|
29,100
|
60.0000
|
American
|
31 Jan
2025
|
common
stock
|
Call
Options
|
Purchased
|
31,000
|
63.0000
|
American
|
31 Jan
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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|