|
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:
|
31
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:
|
|
|
954,166
|
0.27%
|
725,150
|
0.21%
|
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
|
and/or controlled:
|
|
|
624,672
|
0.18%
|
47,760
|
0.01%
|
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
60,100
|
0.02%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
1,638,938
|
0.47%
|
772,910
|
0.22%
|
|
(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
|
1,418,022
|
55.9419 USD
|
|
common
stock
|
Purchase
|
363,994
|
55.8458 USD
|
|
common
stock
|
Purchase
|
243,940
|
55.6773 USD
|
|
common
stock
|
Purchase
|
134,042
|
56.6029 USD
|
|
common
stock
|
Purchase
|
125,657
|
56.1462 USD
|
|
common
stock
|
Purchase
|
125,484
|
56.4571 USD
|
|
common
stock
|
Purchase
|
117,919
|
56.0447 USD
|
|
common
stock
|
Purchase
|
113,114
|
55.6300 USD
|
|
common
stock
|
Purchase
|
62,347
|
56.8849 USD
|
|
common
stock
|
Purchase
|
50,170
|
56.1709 USD
|
|
common
stock
|
Purchase
|
41,366
|
56.3482 USD
|
|
common
stock
|
Purchase
|
40,922
|
57.3421 USD
|
|
common
stock
|
Purchase
|
39,355
|
56.7413 USD
|
|
common
stock
|
Purchase
|
32,691
|
55.8178 USD
|
|
common
stock
|
Purchase
|
30,942
|
56.4611 USD
|
|
common
stock
|
Purchase
|
28,292
|
56.3734 USD
|
|
common
stock
|
Purchase
|
24,425
|
56.9712 USD
|
|
common
stock
|
Purchase
|
18,000
|
57.2890 USD
|
|
common
stock
|
Purchase
|
14,279
|
56.4606 USD
|
|
common
stock
|
Purchase
|
11,668
|
56.8422 USD
|
|
common
stock
|
Purchase
|
10,456
|
56.4779 USD
|
|
common
stock
|
Purchase
|
8,303
|
56.6597 USD
|
|
common
stock
|
Purchase
|
7,704
|
56.7500 USD
|
|
common
stock
|
Purchase
|
6,327
|
55.9621 USD
|
|
common
stock
|
Purchase
|
5,796
|
56.6978 USD
|
|
common
stock
|
Purchase
|
5,700
|
56.9800 USD
|
|
common
stock
|
Purchase
|
4,690
|
55.7955 USD
|
|
common
stock
|
Purchase
|
3,964
|
55.7873 USD
|
|
common
stock
|
Purchase
|
3,273
|
55.7593 USD
|
|
common
stock
|
Purchase
|
3,184
|
56.3962 USD
|
|
common
stock
|
Purchase
|
3,100
|
56.6987 USD
|
|
common
stock
|
Purchase
|
3,047
|
56.7242 USD
|
|
common
stock
|
Purchase
|
2,987
|
56.7566 USD
|
|
common
stock
|
Purchase
|
2,905
|
55.8138 USD
|
|
common
stock
|
Purchase
|
2,754
|
55.6688 USD
|
|
common
stock
|
Purchase
|
2,600
|
56.9453 USD
|
|
common
stock
|
Purchase
|
2,562
|
56.7134 USD
|
|
common
stock
|
Purchase
|
2,078
|
56.6861 USD
|
|
common
stock
|
Purchase
|
1,775
|
56.5956 USD
|
|
common
stock
|
Purchase
|
1,644
|
56.6806 USD
|
|
common
stock
|
Purchase
|
1,400
|
56.5907 USD
|
|
common
stock
|
Purchase
|
1,368
|
56.7561 USD
|
|
common
stock
|
Purchase
|
1,052
|
56.1500 USD
|
|
common
stock
|
Purchase
|
1,008
|
57.1257 USD
|
|
common
stock
|
Purchase
|
900
|
56.7866 USD
|
|
common
stock
|
Purchase
|
733
|
55.7891 USD
|
|
common
stock
|
Purchase
|
700
|
57.4829 USD
|
|
common
stock
|
Purchase
|
642
|
56.5093 USD
|
|
common
stock
|
Purchase
|
612
|
56.5456 USD
|
|
common
stock
|
Purchase
|
600
|
56.1266 USD
|
|
common
stock
|
Purchase
|
500
|
56.9100 USD
|
|
common
stock
|
Purchase
|
481
|
55.7922 USD
|
|
common
stock
|
Purchase
|
445
|
56.3118 USD
|
|
common
stock
|
Purchase
|
400
|
55.7650 USD
|
|
common
stock
|
Purchase
|
395
|
55.6322 USD
|
|
common
stock
|
Purchase
|
336
|
56.6968 USD
|
|
common
stock
|
Purchase
|
275
|
56.1655 USD
|
|
common
stock
|
Purchase
|
244
|
55.7722 USD
|
|
common
stock
|
Purchase
|
201
|
56.8300 USD
|
|
common
stock
|
Purchase
|
200
|
56.3300 USD
|
|
common
stock
|
Purchase
|
170
|
56.4100 USD
|
|
common
stock
|
Purchase
|
145
|
57.6833 USD
|
|
common
stock
|
Purchase
|
135
|
57.9400 USD
|
|
common
stock
|
Purchase
|
100
|
55.5100 USD
|
|
common
stock
|
Purchase
|
75
|
57.1340 USD
|
|
common
stock
|
Purchase
|
70
|
55.5800 USD
|
|
common
stock
|
Purchase
|
40
|
57.8100 USD
|
|
common
stock
|
Purchase
|
18
|
57.2594 USD
|
|
common
stock
|
Purchase
|
11
|
55.3400 EUR
|
|
common
stock
|
Purchase
|
4
|
55.6000 USD
|
|
common
stock
|
Sale
|
1,052,944
|
55.8111 USD
|
|
common
stock
|
Sale
|
395,861
|
55.9188 USD
|
|
common
stock
|
Sale
|
259,753
|
55.9915 USD
|
|
common
stock
|
Sale
|
212,026
|
56.4119 USD
|
|
common
stock
|
Sale
|
124,369
|
56.1450 USD
|
|
common
stock
|
Sale
|
118,934
|
55.6300 USD
|
|
common
stock
|
Sale
|
115,538
|
56.6706 USD
|
|
common
stock
|
Sale
|
94,330
|
56.4054 USD
|
|
common
stock
|
Sale
|
85,254
|
56.4810 USD
|
|
common
stock
|
Sale
|
83,602
|
56.4375 USD
|
|
common
stock
|
Sale
|
67,453
|
56.0844 USD
|
|
common
stock
|
Sale
|
59,142
|
55.6356 USD
|
|
common
stock
|
Sale
|
58,877
|
56.4333 USD
|
|
common
stock
|
Sale
|
52,011
|
55.8251 USD
|
|
common
stock
|
Sale
|
50,170
|
56.1709 USD
|
|
common
stock
|
Sale
|
39,200
|
56.1502 USD
|
|
common
stock
|
Sale
|
30,213
|
56.3685 USD
|
|
common
stock
|
Sale
|
24,425
|
56.9712 USD
|
|
common
stock
|
Sale
|
22,017
|
56.7196 USD
|
|
common
stock
|
Sale
|
21,118
|
56.6975 USD
|
|
common
stock
|
Sale
|
19,910
|
56.5268 USD
|
|
common
stock
|
Sale
|
18,000
|
57.2890 USD
|
|
common
stock
|
Sale
|
17,139
|
56.9631 USD
|
|
common
stock
|
Sale
|
15,645
|
56.2224 USD
|
|
common
stock
|
Sale
|
11,377
|
56.2790 USD
|
|
common
stock
|
Sale
|
10,624
|
56.3046 USD
|
|
common
stock
|
Sale
|
10,113
|
56.4563 USD
|
|
common
stock
|
Sale
|
10,051
|
56.4548 USD
|
|
common
stock
|
Sale
|
9,456
|
56.1110 USD
|
|
common
stock
|
Sale
|
8,492
|
56.3208 USD
|
|
common
stock
|
Sale
|
8,359
|
56.5762 USD
|
|
common
stock
|
Sale
|
7,875
|
56.5979 USD
|
|
common
stock
|
Sale
|
7,704
|
56.7500 USD
|
|
common
stock
|
Sale
|
7,277
|
55.6898 USD
|
|
common
stock
|
Sale
|
7,254
|
56.2084 USD
|
|
common
stock
|
Sale
|
6,800
|
56.3238 USD
|
|
common
stock
|
Sale
|
6,719
|
56.7450 USD
|
|
common
stock
|
Sale
|
6,350
|
55.8786 USD
|
|
common
stock
|
Sale
|
5,494
|
56.2341 USD
|
|
common
stock
|
Sale
|
3,820
|
55.9201 USD
|
|
common
stock
|
Sale
|
3,367
|
56.1666 USD
|
|
common
stock
|
Sale
|
3,100
|
56.3219 USD
|
|
common
stock
|
Sale
|
2,543
|
56.2767 USD
|
|
common
stock
|
Sale
|
1,962
|
56.7764 USD
|
|
common
stock
|
Sale
|
1,801
|
55.8594 USD
|
|
common
stock
|
Sale
|
1,741
|
56.1582 USD
|
|
common
stock
|
Sale
|
1,411
|
56.3816 USD
|
|
common
stock
|
Sale
|
1,368
|
56.7561 USD
|
|
common
stock
|
Sale
|
1,288
|
56.2612 USD
|
|
common
stock
|
Sale
|
1,114
|
56.2562 USD
|
|
common
stock
|
Sale
|
707
|
56.0785 USD
|
|
common
stock
|
Sale
|
643
|
56.5300 USD
|
|
common
stock
|
Sale
|
642
|
56.5093 USD
|
|
common
stock
|
Sale
|
600
|
56.1116 USD
|
|
common
stock
|
Sale
|
600
|
56.5072 USD
|
|
common
stock
|
Sale
|
592
|
56.5661 USD
|
|
common
stock
|
Sale
|
495
|
56.3607 USD
|
|
common
stock
|
Sale
|
400
|
56.5125 USD
|
|
common
stock
|
Sale
|
300
|
57.2600 USD
|
|
common
stock
|
Sale
|
278
|
56.0067 USD
|
|
common
stock
|
Sale
|
233
|
55.7612 USD
|
|
common
stock
|
Sale
|
200
|
57.2500 USD
|
|
common
stock
|
Sale
|
200
|
55.5300 USD
|
|
common
stock
|
Sale
|
140
|
57.3014 USD
|
|
common
stock
|
Sale
|
135
|
57.9400 USD
|
|
common
stock
|
Sale
|
123
|
55.6765 USD
|
|
common
stock
|
Sale
|
104
|
55.6128 USD
|
|
common
stock
|
Sale
|
100
|
55.5100 USD
|
|
common
stock
|
Sale
|
100
|
57.7100 USD
|
|
common
stock
|
Sale
|
100
|
55.5200 USD
|
|
common
stock
|
Sale
|
100
|
56.4000 USD
|
|
common
stock
|
Sale
|
94
|
56.1995 USD
|
|
common
stock
|
Sale
|
85
|
56.4100 USD
|
|
common
stock
|
Sale
|
75
|
57.1340 USD
|
|
common
stock
|
Sale
|
70
|
55.5800 USD
|
|
common
stock
|
Sale
|
50
|
56.4900 USD
|
|
common
stock
|
Sale
|
45
|
55.5233 USD
|
|
common
stock
|
Sale
|
40
|
55.5700 USD
|
|
common
stock
|
Sale
|
40
|
57.7150 USD
|
|
common
stock
|
Sale
|
39
|
55.5900 USD
|
|
common
stock
|
Sale
|
38
|
56.2157 USD
|
|
common
stock
|
Sale
|
35
|
56.4700 USD
|
|
common
stock
|
Sale
|
11
|
55.3400 EUR
|
|
common
stock
|
Sale
|
9
|
56.0044 USD
|
|
common
stock
|
Sale
|
8
|
56.7650 USD
|
|
common
stock
|
Sale
|
7
|
56.3014 USD
|
|
common
stock
|
Sale
|
6
|
55.5662 USD
|
|
common
stock
|
Sale
|
3
|
55.6100 USD
|
|
common
stock
|
Sale
|
2
|
56.6400 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
|
2,124
|
55.6309 USD
|
|
common
stock
|
SWAP
|
Decreasing Long
|
55
|
55.6310 USD
|
|
common
stock
|
SWAP
|
Increasing Short
|
9,150
|
56.6977 USD
|
|
common
stock
|
SWAP
|
Increasing Long
|
4,954
|
55.5911 USD
|
|
common
stock
|
SWAP
|
Increasing Long
|
45,000
|
55.7017 USD
|
|
common
stock
|
SWAP
|
Increasing Long
|
14,054
|
55.9346 USD
|
|
common
stock
|
SWAP
|
Increasing Long
|
12,850
|
56.5727 USD
|
|
common
stock
|
SWAP
|
Increasing Long
|
32,125
|
57.0395 USD
|
|
common
stock
|
SWAP
|
Decreasing Long
|
12,850
|
56.9814 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:
|
03 Feb 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:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
