Barclays Regulatory News (BARC)

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 relevant securities this form relates:

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:

23 May 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?

YES: 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:

787,991

0.23%

565,350

0.16%

(2) Cash-settled derivatives:

286,010

0.08%

52,065

0.01%

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

0

0.00%

0

0.00%

TOTAL: 

1,074,001

0.31%

617,415

0.18%

(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 PERSON MAKING THE DISCLOSURE

(a)

Purchase and sales

Class of relevant security

Purchase/sale

Number of securities

Price per unit

common stock

Purchase

767,104

43.5942 USD

common stock

Purchase

158,168

43.9608 USD

common stock

Purchase

112,779

43.6134 USD

common stock

Purchase

110,240

43.2662 USD

common stock

Purchase

62,071

43.3383 USD

common stock

Purchase

34,817

42.9429 USD

common stock

Purchase

32,250

42.9000 USD

common stock

Purchase

29,722

43.1657 USD

common stock

Purchase

29,531

43.6268 USD

common stock

Purchase

27,963

43.2589 USD

common stock

Purchase

24,682

44.0555 USD

common stock

Purchase

24,681

42.8715 USD

common stock

Purchase

24,517

43.2281 USD

common stock

Purchase

23,704

43.5592 USD

common stock

Purchase

23,385

43.0289 USD

common stock

Purchase

19,865

42.9419 USD

common stock

Purchase

16,809

44.1324 USD

common stock

Purchase

13,983

43.5417 USD

common stock

Purchase

12,850

42.8000 USD

common stock

Purchase

8,033

42.9272 USD

common stock

Purchase

7,586

43.4721 USD

common stock

Purchase

6,510

43.5058 USD

common stock

Purchase

5,577

43.0242 USD

common stock

Purchase

5,515

44.1600 USD

common stock

Purchase

4,591

43.0354 USD

common stock

Purchase

2,817

43.7777 USD

common stock

Purchase

2,600

42.7872 USD

common stock

Purchase

2,313

43.3501 USD

common stock

Purchase

2,050

43.9502 USD

common stock

Purchase

2,049

43.8768 USD

common stock

Purchase

1,660

43.1598 USD

common stock

Purchase

1,400

43.7042 USD

common stock

Purchase

1,201

43.6258 USD

common stock

Purchase

1,171

43.1921 USD

common stock

Purchase

875

43.4231 USD

common stock

Purchase

810

44.0913 USD

common stock

Purchase

715

44.0087 USD

common stock

Purchase

710

44.0294 USD

common stock

Purchase

702

43.1323 USD

common stock

Purchase

694

43.4384 USD

common stock

Purchase

639

43.3337 USD

common stock

Purchase

608

44.0307 USD

common stock

Purchase

602

43.5478 USD

common stock

Purchase

600

43.6155 USD

common stock

Purchase

567

43.7697 USD

common stock

Purchase

479

43.7763 USD

common stock

Purchase

405

44.0328 USD

common stock

Purchase

318

39.0887 EUR

common stock

Purchase

306

43.3552 USD

common stock

Purchase

300

43.8050 USD

common stock

Purchase

300

44.0466 USD

common stock

Purchase

250

42.4500 USD

common stock

Purchase

210

42.8154 USD

common stock

Purchase

200

44.1550 USD

common stock

Purchase

200

44.4300 USD

common stock

Purchase

144

42.9865 USD

common stock

Purchase

100

44.1100 USD

common stock

Purchase

100

44.1200 USD

common stock

Purchase

100

43.0900 USD

common stock

Purchase

98

42.8100 USD

common stock

Purchase

50

43.4670 USD

common stock

Purchase

47

43.5110 USD

common stock

Purchase

36

42.6450 USD

common stock

Purchase

30

43.0350 USD

common stock

Purchase

22

44.0300 USD

common stock

Purchase

22

43.0800 USD

common stock

Purchase

5

42.5400 USD

common stock

Purchase

4

42.2300 USD

common stock

Purchase

3

44.0500 USD

common stock

Purchase

3

42.7790 USD

common stock

Sale

324,132

43.9103 USD

common stock

Sale

198,432

43.4166 USD

common stock

Sale

167,581

43.9522 USD

common stock

Sale

127,188

43.6602 USD

common stock

Sale

105,210

43.4858 USD

common stock

Sale

71,008

43.2026 USD

common stock

Sale

62,043

43.3926 USD

common stock

Sale

47,543

42.9770 USD

common stock

Sale

42,401

43.1722 USD

common stock

Sale

36,041

43.2931 USD

common stock

Sale

35,202

43.0232 USD

common stock

Sale

32,930

43.4186 USD

common stock

Sale

32,930

42.9000 USD

common stock

Sale

27,371

43.2143 USD

common stock

Sale

24,682

44.0555 USD

common stock

Sale

24,681

42.8715 USD

common stock

Sale

24,517

43.2281 USD

common stock

Sale

23,404

43.5515 USD

common stock

Sale

19,785

42.9444 USD

common stock

Sale

19,275

42.9432 USD

common stock

Sale

14,393

43.0462 USD

common stock

Sale

13,983

43.5417 USD

common stock

Sale

13,050

42.8000 USD

common stock

Sale

12,040

42.9417 USD

common stock

Sale

10,089

43.1551 USD

common stock

Sale

10,043

44.0903 USD

common stock

Sale

8,877

42.8223 USD

common stock

Sale

8,608

43.4414 USD

common stock

Sale

8,592

43.9855 USD

common stock

Sale

7,971

44.0323 USD

common stock

Sale

7,332

43.6366 USD

common stock

Sale

6,563

43.6761 USD

common stock

Sale

5,826

43.0815 USD

common stock

Sale

5,534

42.9445 USD

common stock

Sale

4,218

43.0302 USD

common stock

Sale

3,537

43.4036 USD

common stock

Sale

3,172

42.9708 USD

common stock

Sale

2,817

43.7777 USD

common stock

Sale

2,688

43.0178 USD

common stock

Sale

2,102

44.1600 USD

common stock

Sale

1,987

43.2182 USD

common stock

Sale

1,983

43.0965 USD

common stock

Sale

1,903

44.1118 USD

common stock

Sale

1,901

42.6051 USD

common stock

Sale

1,518

43.2004 USD

common stock

Sale

1,300

42.7872 USD

common stock

Sale

1,150

43.1064 USD

common stock

Sale

1,138

42.7849 USD

common stock

Sale

966

42.7838 USD

common stock

Sale

750

42.4500 USD

common stock

Sale

710

44.0294 USD

common stock

Sale

691

42.7764 USD

common stock

Sale

628

43.2802 USD

common stock

Sale

613

42.7884 USD

common stock

Sale

565

42.7819 USD

common stock

Sale

503

42.9498 USD

common stock

Sale

500

42.8060 USD

common stock

Sale

479

43.7763 USD

common stock

Sale

465

43.2750 USD

common stock

Sale

447

42.9508 USD

common stock

Sale

442

42.9083 USD

common stock

Sale

400

42.7475 USD

common stock

Sale

400

43.3575 USD

common stock

Sale

393

43.5028 USD

common stock

Sale

334

42.7847 USD

common stock

Sale

328

42.9464 USD

common stock

Sale

318

39.0887 EUR

common stock

Sale

302

42.8341 USD

common stock

Sale

300

43.8050 USD

common stock

Sale

300

42.8100 USD

common stock

Sale

300

44.1900 USD

common stock

Sale

300

42.7833 USD

common stock

Sale

295

44.0728 USD

common stock

Sale

295

43.0289 USD

common stock

Sale

274

42.9536 USD

common stock

Sale

246

43.0636 USD

common stock

Sale

203

43.0250 USD

common stock

Sale

200

44.1550 USD

common stock

Sale

200

43.2652 USD

common stock

Sale

194

44.0500 USD

common stock

Sale

186

42.7808 USD

common stock

Sale

170

43.5100 USD

common stock

Sale

149

42.9430 USD

common stock

Sale

122

43.0882 USD

common stock

Sale

110

43.1900 USD

common stock

Sale

100

42.7700 USD

common stock

Sale

100

42.7900 USD

common stock

Sale

100

43.2500 USD

common stock

Sale

70

43.6828 USD

common stock

Sale

63

42.7050 USD

common stock

Sale

59

43.6054 USD

common stock

Sale

50

43.4670 USD

common stock

Sale

47

43.5110 USD

common stock

Sale

44

43.3145 USD

common stock

Sale

35

43.3800 USD

common stock

Sale

30

43.6383 USD

common stock

Sale

30

43.0350 USD

common stock

Sale

25

44.1200 USD

common stock

Sale

24

43.4900 USD

common stock

Sale

18

43.0100 USD

common stock

Sale

15

43.5766 USD

common stock

Sale

7

42.7967 USD

common stock

Sale

6

44.1500 USD

common stock

Sale

5

44.3700 USD

common stock

Sale

5

42.5400 USD

common stock

Sale

5

42.8300 USD

common stock

Sale

3

42.7790 USD

common stock

Sale

1

42.8200 USD

common stock

Sale

1

42.7800 USD

(b)

Cash-settled derivative transactions

Class of relevant security

Product description

Nature of dealing

Number of reference securities

Price per unit

(c)

Stock-settled derivative transactions (including options)

(i)

Writing, selling, purchasing or varying

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

Option money paid/ received per unit

common stock

Call Options

Purchasing

90,000

USD

TBD

17-Jan-25

2.0000 USD

(ii)

Exercising

Class of relevant security

Product description

Exercising/ exercised against

Number of securities

Exercise price per unit

(d)

Other dealings (including subscribing for new securities)

Class of relevant security

Nature of Dealings

Details

Price per unit (if 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 person 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?

NO

Date of disclosure:

24 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213