RNS Number : 9992T
Barclays PLC
20 January 2025
 

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:

17 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:



686,783

0.20%

644,162

0.19%

(2)

Cash-settled derivatives:






and/or controlled:



544,466

0.16%

13,660

0.00%

(3)

Stock-settled derivatives (including options)






and agreements to purchase/sell:



0

0.00%

35,000

0.01%










TOTAL:



1,231,249

0.35%

692,822

0.20%

(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

130,151

56.5500  USD

common stock

Purchase

127,834

56.8121  USD

common stock

Purchase

78,025

56.9291  USD

common stock

Purchase

71,311

56.7798  USD

common stock

Purchase

46,009

56.8484  USD

common stock

Purchase

43,178

56.8676  USD

common stock

Purchase

34,709

56.9301  USD

common stock

Purchase

32,825

56.9268  USD

common stock

Purchase

32,125

56.7885  USD

common stock

Purchase

29,925

56.5999  USD

common stock

Purchase

29,900

56.6000  USD

common stock

Purchase

25,168

56.7834  USD

common stock

Purchase

14,160

56.7877  USD

common stock

Purchase

13,125

56.7768  USD

common stock

Purchase

12,623

56.7567  USD

common stock

Purchase

10,797

56.7205  USD

common stock

Purchase

9,267

56.7443  USD

common stock

Purchase

7,165

56.7855  USD

common stock

Purchase

5,554

56.7703  USD

common stock

Purchase

4,432

56.7350  USD

common stock

Purchase

4,098

56.8021  USD

common stock

Purchase

4,043

56.7721  USD

common stock

Purchase

3,941

56.8500  USD

common stock

Purchase

3,615

56.7489  USD

common stock

Purchase

3,571

56.9300  USD

common stock

Purchase

3,524

56.7867  USD

common stock

Purchase

3,496

56.8027  USD

common stock

Purchase

3,355

56.7649  USD

common stock

Purchase

3,236

56.7800  USD

common stock

Purchase

2,833

56.7442  USD

common stock

Purchase

2,590

56.7550  USD

common stock

Purchase

2,477

56.7873  USD

common stock

Purchase

2,393

56.7598  USD

common stock

Purchase

2,204

56.7786  USD

common stock

Purchase

2,198

56.7676  USD

common stock

Purchase

2,052

56.7503  USD

common stock

Purchase

1,800

56.8527  USD

common stock

Purchase

1,788

56.9040  USD

common stock

Purchase

1,252

56.7515  USD

common stock

Purchase

1,134

56.8079  USD

common stock

Purchase

1,086

56.7748  USD

common stock

Purchase

1,030

56.8088  USD

common stock

Purchase

854

56.7634  USD

common stock

Purchase

808

56.7565  USD

common stock

Purchase

781

56.7847  USD

common stock

Purchase

775

56.7819  USD

common stock

Purchase

742

56.7901  USD

common stock

Purchase

740

56.7826  USD

common stock

Purchase

632

56.7620  USD

common stock

Purchase

617

56.8310  USD

common stock

Purchase

608

56.7661  USD

common stock

Purchase

514

56.7305  USD

common stock

Purchase

505

56.7730  USD

common stock

Purchase

500

56.6790  USD

common stock

Purchase

491

56.7394  USD

common stock

Purchase

478

56.8015  USD

common stock

Purchase

447

56.7992  USD

common stock

Purchase

400

56.8050  USD

common stock

Purchase

400

56.8750  USD

common stock

Purchase

400

56.6800  USD

common stock

Purchase

400

56.7975  USD

common stock

Purchase

379

56.8085  USD

common stock

Purchase

333

56.7820  USD

common stock

Purchase

303

56.7600  USD

common stock

Purchase

301

56.7899  USD

common stock

Purchase

300

56.7733  USD

common stock

Purchase

300

56.8533  USD

common stock

Purchase

300

56.7500  USD

common stock

Purchase

248

56.8058  USD

common stock

Purchase

226

56.8000  USD

common stock

Purchase

202

56.8298  USD

common stock

Purchase

200

56.7950  USD

common stock

Purchase

187

56.8041  USD

common stock

Purchase

147

56.7767  USD

common stock

Purchase

134

56.9189  USD

common stock

Purchase

125

56.6920  USD

common stock

Purchase

100

56.7250  USD

common stock

Purchase

100

56.8100  USD

common stock

Purchase

68

56.7900  USD

common stock

Purchase

40

55.0000  EUR

common stock

Purchase

25

56.5400  USD

common stock

Sale

85,334

56.9252  USD

common stock

Sale

68,207

56.7554  USD

common stock

Sale

61,515

56.7894  USD

common stock

Sale

60,749

56.8216  USD

common stock

Sale

59,779

56.8185  USD

common stock

Sale

56,917

56.9300  USD

common stock

Sale

37,794

56.7875  USD

common stock

Sale

37,515

56.5500  USD

common stock

Sale

34,709

56.9301  USD

common stock

Sale

32,125

56.9299  USD

common stock

Sale

32,125

56.7885  USD

common stock

Sale

29,925

56.5999  USD

common stock

Sale

26,356

56.7700  USD

common stock

Sale

21,307

56.9295  USD

common stock

Sale

15,023

56.8024  USD

common stock

Sale

14,348

56.7887  USD

common stock

Sale

13,121

56.7670  USD

common stock

Sale

10,209

56.7548  USD

common stock

Sale

8,137

56.7906  USD

common stock

Sale

7,824

56.7940  USD

common stock

Sale

6,530

56.8421  USD

common stock

Sale

4,678

56.9033  USD

common stock

Sale

3,728

56.7800  USD

common stock

Sale

2,584

56.9323  USD

common stock

Sale

2,518

56.8810  USD

common stock

Sale

2,270

56.7543  USD

common stock

Sale

2,181

56.7550  USD

common stock

Sale

2,145

56.8547  USD

common stock

Sale

2,078

56.8200  USD

common stock

Sale

1,995

56.7613  USD

common stock

Sale

1,606

56.7362  USD

common stock

Sale

902

56.7807  USD

common stock

Sale

742

56.7901  USD

common stock

Sale

623

56.7568  USD

common stock

Sale

514

56.7305  USD

common stock

Sale

478

56.8015  USD

common stock

Sale

465

56.7631  USD

common stock

Sale

400

56.8975  USD

common stock

Sale

310

56.8232  USD

common stock

Sale

304

56.7900  USD

common stock

Sale

205

56.7504  USD

common stock

Sale

143

56.7760  USD

common stock

Sale

123

56.7755  USD

common stock

Sale

114

56.7994  USD

common stock

Sale

100

56.8300  USD

common stock

Sale

100

56.6400  USD

common stock

Sale

62

56.7146  USD

common stock

Sale

57

56.4800  USD

common stock

Sale

54

56.6179  USD

common stock

Sale

40

55.0000  EUR

common stock

Sale

31

56.7835  USD

common stock

Sale

26

56.7457  USD

common stock

Sale

19

56.8526  USD

common stock

Sale

18

56.8136  USD

common stock

Sale

16

56.7656  USD

common stock

Sale

13

56.7715  USD

common stock

Sale

12

56.7400  USD

common stock

Sale

10

56.7350  USD

common stock

Sale

9

56.8000  USD

common stock

Sale

9

56.7650  USD

common stock

Sale

8

56.7100  USD

common stock

Sale

7

56.7814  USD

common stock

Sale

6

56.8100  USD

common stock

Sale

5

56.6300  USD

common stock

Sale

5

56.7488  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

Decreasing Long

2,703

56.9325  USD

common stock

SWAP

Opening Long

32,125

56.9300  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





common stock

Call Options

Purchasing

700

56.0000  USD

American

31 Jan 2025

2.1000  USD

common stock

Call Options

Purchasing

2,500

59.0000  USD

American

31 Jan 2025

0.7500  USD

common stock

Put Options

Purchasing

35,000

55.0000  USD

American

24 Jan 2025

0.1998  USD









(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:

20 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 CO

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

Put Options

Purchased

-35,000

55.0000

American

24 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:

























 

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RETBMMITMTTTBIA
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