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FORM 8.3
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PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE
BY
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A
PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1%
OR
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MORE
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Rule 8.3 of the Takeover Code
(the "Code")
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1.
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KEY
INFORMATION
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(a)
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Full name of discloser:
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Barclays PLC.
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(b)
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Owner or controller of interest and short
positions disclosed, if different from
1(a):
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(c)
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Name of offeror/offeree in relation to whose
relevant securities this form relates:
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INTERNATIONAL PAPER COMPANY
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(d)
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If
an exempt fund manager connected with an
offeror/offeree, state this and specify identity of
offeror/offeree:
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(e)
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Date position held/dealing undertaken:
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22
Jul 2024
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(f)
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In
addition to the company in 1(c) above, is the discloser making
disclosures in respect of any other party to the
offer?
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YES:
DS SMITH PLC
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2.
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POSITIONS OF THE PERSON MAKING THE
DISCLOSURE
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(a)
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Interests and short positions in the relevant securities of
the offeror or offeree
to which the disclosure relates following the dealing(if
any)
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Class of relevant security:
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common stock
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Interests
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Short
Positions
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Number
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(%)
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Number
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(%)
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(1)
Relevant securities owned and/or controlled:
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827,699
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0.24%
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410,061
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0.12%
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(2)
Cash-settled derivatives:
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76,162
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0.02%
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0
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0.00%
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(3)
Stock-settled derivatives (including options) and agreements to
purchase/sell:
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0
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0.00%
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24,700
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0.01%
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TOTAL:
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903,861
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0.26%
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434,761
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0.13%
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(b)
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Rights to subscribe for new securities (including directors
and
other executive options)
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Class of relevant security in relation to
which subscription right exists
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Details, including nature of the rights
concerned and relevant percentages:
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3.
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DEALINGS (IF ANY) BY THE PERSON MAKING THE
DISCLOSURE
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(a)
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Purchase and sales
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Class of relevant
security
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Purchase/sale
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Number of
securities
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Price per
unit
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|
common
stock
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Purchase
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113,850
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46.4180 USD
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|
common
stock
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Purchase
|
66,586
|
46.4211 USD
|
|
common
stock
|
Purchase
|
35,946
|
46.3893 USD
|
|
common
stock
|
Purchase
|
34,241
|
46.3958 USD
|
|
common
stock
|
Purchase
|
32,701
|
46.3081 USD
|
|
common
stock
|
Purchase
|
26,122
|
46.4697 USD
|
|
common
stock
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Purchase
|
23,615
|
46.2645 USD
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|
common
stock
|
Purchase
|
14,965
|
46.2914 USD
|
|
common
stock
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Purchase
|
13,379
|
46.5708 USD
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|
common
stock
|
Purchase
|
12,850
|
46.4527 USD
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|
common
stock
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Purchase
|
10,901
|
46.4389 USD
|
|
common
stock
|
Purchase
|
10,595
|
46.4882 USD
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|
common
stock
|
Purchase
|
7,581
|
46.4900 USD
|
|
common
stock
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Purchase
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5,428
|
46.2698 USD
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|
common
stock
|
Purchase
|
4,780
|
46.1972 USD
|
|
common
stock
|
Purchase
|
4,739
|
46.4456 USD
|
|
common
stock
|
Purchase
|
4,500
|
46.3870 USD
|
|
common
stock
|
Purchase
|
4,209
|
46.4525 USD
|
|
common
stock
|
Purchase
|
3,378
|
46.4383 USD
|
|
common
stock
|
Purchase
|
2,566
|
46.4364 USD
|
|
common
stock
|
Purchase
|
2,473
|
46.4392 USD
|
|
common
stock
|
Purchase
|
2,447
|
46.4776 USD
|
|
common
stock
|
Purchase
|
2,000
|
46.5907 USD
|
|
common
stock
|
Purchase
|
1,712
|
46.6275 USD
|
|
common
stock
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Purchase
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1,563
|
46.1492 USD
|
|
common
stock
|
Purchase
|
1,100
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46.4000 USD
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|
common
stock
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Purchase
|
962
|
46.3478 USD
|
|
common
stock
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Purchase
|
728
|
46.4347 USD
|
|
common
stock
|
Purchase
|
696
|
46.3308 USD
|
|
common
stock
|
Purchase
|
535
|
46.3695 USD
|
|
common
stock
|
Purchase
|
399
|
46.4306 USD
|
|
common
stock
|
Purchase
|
374
|
46.3407 USD
|
|
common
stock
|
Purchase
|
351
|
46.2784 USD
|
|
common
stock
|
Purchase
|
260
|
46.1050 USD
|
|
common
stock
|
Purchase
|
222
|
46.1085 USD
|
|
common
stock
|
Purchase
|
203
|
42.6386 EUR
|
|
common
stock
|
Purchase
|
193
|
46.4841 USD
|
|
common
stock
|
Purchase
|
193
|
45.8419 USD
|
|
common
stock
|
Purchase
|
157
|
46.4266 USD
|
|
common
stock
|
Purchase
|
150
|
46.1900 USD
|
|
common
stock
|
Purchase
|
117
|
46.4700 USD
|
|
common
stock
|
Purchase
|
104
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46.0965 USD
|
|
common
stock
|
Purchase
|
100
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46.0000 USD
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|
common
stock
|
Purchase
|
100
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46.0100 USD
|
|
common
stock
|
Purchase
|
100
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46.2000 USD
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|
common
stock
|
Purchase
|
73
|
42.0900 EUR
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|
common
stock
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Purchase
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60
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46.3608 USD
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|
common
stock
|
Purchase
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31
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45.9200 USD
|
|
common
stock
|
Purchase
|
19
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45.8350 USD
|
|
common
stock
|
Purchase
|
15
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46.1853 USD
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|
common
stock
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Purchase
|
5
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46.1160 USD
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common
stock
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Purchase
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1
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46.2200 USD
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common
stock
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Sale
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82,976
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46.3834 USD
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|
common
stock
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Sale
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76,758
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46.4414 USD
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|
common
stock
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Sale
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39,284
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46.4540 USD
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|
common
stock
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Sale
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33,272
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46.3303 USD
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|
common
stock
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Sale
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32,701
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46.3081 USD
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|
common
stock
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Sale
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25,634
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46.3542 USD
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|
common
stock
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Sale
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21,534
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46.4652 USD
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|
common
stock
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Sale
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14,141
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46.4023 USD
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|
common
stock
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Sale
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12,850
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46.4527 USD
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|
common
stock
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Sale
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11,285
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46.2488 USD
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|
common
stock
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Sale
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9,949
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46.4747 USD
|
|
common
stock
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Sale
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9,605
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46.4625 USD
|
|
common
stock
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Sale
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7,972
|
46.3491 USD
|
|
common
stock
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Sale
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5,165
|
46.4184 USD
|
|
common
stock
|
Sale
|
4,952
|
46.3602 USD
|
|
common
stock
|
Sale
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4,500
|
46.3871 USD
|
|
common
stock
|
Sale
|
4,500
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46.3870 USD
|
|
common
stock
|
Sale
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3,531
|
46.5150 USD
|
|
common
stock
|
Sale
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3,415
|
46.3210 USD
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|
common
stock
|
Sale
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3,400
|
46.2926 USD
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|
common
stock
|
Sale
|
3,000
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46.4701 USD
|
|
common
stock
|
Sale
|
2,447
|
46.4776 USD
|
|
common
stock
|
Sale
|
2,200
|
46.5020 USD
|
|
common
stock
|
Sale
|
2,000
|
46.5907 USD
|
|
common
stock
|
Sale
|
1,823
|
46.2026 USD
|
|
common
stock
|
Sale
|
1,741
|
46.4900 USD
|
|
common
stock
|
Sale
|
1,712
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46.6275 USD
|
|
common
stock
|
Sale
|
1,500
|
46.4546 USD
|
|
common
stock
|
Sale
|
1,200
|
46.4000 USD
|
|
common
stock
|
Sale
|
1,095
|
46.3826 USD
|
|
common
stock
|
Sale
|
952
|
46.2168 USD
|
|
common
stock
|
Sale
|
856
|
46.3952 USD
|
|
common
stock
|
Sale
|
735
|
46.3424 USD
|
|
common
stock
|
Sale
|
715
|
46.4029 USD
|
|
common
stock
|
Sale
|
701
|
46.6131 USD
|
|
common
stock
|
Sale
|
578
|
46.6388 USD
|
|
common
stock
|
Sale
|
400
|
46.4775 USD
|
|
common
stock
|
Sale
|
399
|
46.3891 USD
|
|
common
stock
|
Sale
|
371
|
46.3404 USD
|
|
common
stock
|
Sale
|
350
|
46.4497 USD
|
|
common
stock
|
Sale
|
331
|
46.4258 USD
|
|
common
stock
|
Sale
|
222
|
46.1085 USD
|
|
common
stock
|
Sale
|
203
|
42.6386 EUR
|
|
common
stock
|
Sale
|
130
|
46.1050 USD
|
|
common
stock
|
Sale
|
100
|
46.3525 USD
|
|
common
stock
|
Sale
|
100
|
46.3700 USD
|
|
common
stock
|
Sale
|
100
|
46.6600 USD
|
|
common
stock
|
Sale
|
73
|
42.0900 EUR
|
|
common
stock
|
Sale
|
70
|
46.2600 USD
|
|
common
stock
|
Sale
|
65
|
46.4350 USD
|
|
common
stock
|
Sale
|
60
|
46.2643 USD
|
|
common
stock
|
Sale
|
45
|
46.0500 USD
|
|
common
stock
|
Sale
|
44
|
46.0550 USD
|
|
common
stock
|
Sale
|
25
|
45.9900 USD
|
|
common
stock
|
Sale
|
18
|
46.4800 USD
|
|
common
stock
|
Sale
|
8
|
45.9300 USD
|
|
common
stock
|
Sale
|
5
|
46.0400 USD
|
|
common
stock
|
Sale
|
3
|
46.3750 USD
|
|
(b)
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Cash-settled derivative transactions
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Class of
relevant
security
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Product
description
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Nature of
dealing
|
Number of
reference
securities
|
Price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
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(c)
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Stock-settled derivative transactions
(including options)
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(i)
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Writing, selling, purchasing or varying
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Class
of
relevant
security
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Product
description
|
Writing,
purchasing,
selling,
varying etc
|
Number
of
securities
to which
option
relates
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Exercise
price
per unit
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Type
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Expiry
date
|
Option
money
paid/
received
per unit
|
|
common
stock
|
Call
Options
|
Selling
|
100
|
48.0000 USD
|
American
|
02 Aug
2024
|
0.7500 USD
|
|
common
stock
|
Call
Options
|
Selling
|
9,800
|
48.0000 USD
|
American
|
02 Aug
2024
|
0.5037 USD
|
|
common
stock
|
Call
Options
|
Selling
|
5,600
|
49.0000 USD
|
American
|
02 Aug
2024
|
0.4500 USD
|
|
|
|
|
|
|
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(ii)
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Exercising
|
|
|
|
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|
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Class of relevant
security
|
Product
description
|
Exercising/ exercised
against
|
Number of
securities
|
Exercise price per
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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(d)
|
Other dealings (including subscribing for
new securities)
|
|
Class of relevant
security
|
Nature of
Dealings
|
Details
|
Price per unit (if
applicable)
|
|
|
|
|
|
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4.
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OTHER INFORMATION
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(a)
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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 person making the
disclosure and any party
to the offer or any person acting in concert with a party to
the offer:
|
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NONE
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(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:
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NONE
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(c)
|
Attachments
|
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|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
YES
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Date of disclosure:
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23 Jul 2024
|
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Contact name:
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Large Holdings Regulatory
Operations
|
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Telephone number:
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020 3134
7213
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SUPPLEMENTAL FORM 8 (OPEN
POSITIONS)
|
|
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
are being disclosed:
|
Barclays PLC.
|
|
Name of offeror/offeree in relation to whose
relevant securities this from relates:
|
INTERNATIONAL PAPER CO
|
|
|
|
|
|
|
|
|
|
|
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
|
Put
Options
|
Purchased
|
-24,700
|
43.0000
|
American
|
16 Aug
2024
|
|
|
|
|
|
|
|
|
|
|
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:
|
|
|