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:

22 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:

796,818

0.23%

562,429

0.16%

(2) Cash-settled derivatives:

309,148

0.09%

52,065

0.01%

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

0

0.00%

0

0.00%

TOTAL: 

1,105,966

0.32%

614,494

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

334,601

41.9545 USD

common stock

Purchase

200,000

34.0000 USD

common stock

Purchase

54,261

41.8962 USD

common stock

Purchase

49,400

41.5395 USD

common stock

Purchase

35,830

41.6260 USD

common stock

Purchase

24,100

32.5000 USD

common stock

Purchase

24,000

35.0000 USD

common stock

Purchase

23,926

42.0444 USD

common stock

Purchase

22,961

41.3472 USD

common stock

Purchase

20,313

42.1000 USD

common stock

Purchase

18,920

41.4634 USD

common stock

Purchase

16,706

41.6779 USD

common stock

Purchase

16,147

41.1997 USD

common stock

Purchase

15,789

41.9453 USD

common stock

Purchase

14,267

41.5490 USD

common stock

Purchase

12,000

37.0000 USD

common stock

Purchase

12,000

39.0000 USD

common stock

Purchase

12,000

40.0000 USD

common stock

Purchase

8,115

41.2865 USD

common stock

Purchase

6,000

38.0000 USD

common stock

Purchase

6,000

30.0000 USD

common stock

Purchase

6,000

33.0000 USD

common stock

Purchase

5,233

41.2439 USD

common stock

Purchase

4,821

41.6971 USD

common stock

Purchase

4,261

41.7466 USD

common stock

Purchase

3,571

41.2555 USD

common stock

Purchase

3,009

41.6084 USD

common stock

Purchase

2,098

41.7275 USD

common stock

Purchase

2,078

41.7004 USD

common stock

Purchase

1,926

41.4179 USD

common stock

Purchase

1,360

41.1825 USD

common stock

Purchase

1,294

41.8454 USD

common stock

Purchase

1,242

41.9651 USD

common stock

Purchase

1,209

41.5394 USD

common stock

Purchase

1,159

41.7905 USD

common stock

Purchase

1,119

41.2428 USD

common stock

Purchase

930

41.5265 USD

common stock

Purchase

900

41.1822 USD

common stock

Purchase

837

41.2676 USD

common stock

Purchase

815

41.9471 USD

common stock

Purchase

724

41.4534 USD

common stock

Purchase

715

41.7505 USD

common stock

Purchase

711

41.2282 USD

common stock

Purchase

638

41.7191 USD

common stock

Purchase

600

41.8500 USD

common stock

Purchase

340

41.5722 USD

common stock

Purchase

310

41.7532 USD

common stock

Purchase

302

41.8999 USD

common stock

Purchase

300

41.2466 USD

common stock

Purchase

300

41.2400 USD

common stock

Purchase

300

41.2350 USD

common stock

Purchase

200

42.0050 USD

common stock

Purchase

200

41.7850 USD

common stock

Purchase

200

41.6600 USD

common stock

Purchase

200

42.0150 USD

common stock

Purchase

200

41.6750 USD

common stock

Purchase

199

41.9100 USD

common stock

Purchase

176

41.9890 USD

common stock

Purchase

150

41.8033 USD

common stock

Purchase

126

41.7756 USD

common stock

Purchase

112

41.3310 USD

common stock

Purchase

106

41.5479 USD

common stock

Purchase

102

41.1700 USD

common stock

Purchase

100

41.2500 USD

common stock

Purchase

100

41.1600 USD

common stock

Purchase

100

42.0850 USD

common stock

Purchase

100

42.0550 USD

common stock

Purchase

83

41.9628 USD

common stock

Purchase

79

41.7525 USD

common stock

Purchase

76

42.0450 USD

common stock

Purchase

69

42.1100 USD

common stock

Purchase

57

42.0900 USD

common stock

Purchase

37

41.4202 USD

common stock

Purchase

27

41.6475 USD

common stock

Sale

193,658

42.0485 USD

common stock

Sale

61,686

41.8169 USD

common stock

Sale

49,400

41.5395 USD

common stock

Sale

47,271

41.8375 USD

common stock

Sale

43,965

41.7668 USD

common stock

Sale

36,336

41.4395 USD

common stock

Sale

22,248

42.0851 USD

common stock

Sale

21,302

41.5864 USD

common stock

Sale

18,280

41.8314 USD

common stock

Sale

17,015

41.7354 USD

common stock

Sale

16,147

41.1997 USD

common stock

Sale

15,736

41.8854 USD

common stock

Sale

14,200

41.8069 USD

common stock

Sale

13,201

42.1000 USD

common stock

Sale

11,903

41.6059 USD

common stock

Sale

9,217

41.9060 USD

common stock

Sale

9,088

41.1457 USD

common stock

Sale

8,115

41.2865 USD

common stock

Sale

5,829

41.9128 USD

common stock

Sale

4,295

41.4670 USD

common stock

Sale

3,744

41.9685 USD

common stock

Sale

3,742

41.5901 USD

common stock

Sale

3,321

41.5749 USD

common stock

Sale

3,153

41.8793 USD

common stock

Sale

2,806

41.8838 USD

common stock

Sale

2,726

42.0617 USD

common stock

Sale

2,647

41.9687 USD

common stock

Sale

1,996

41.9518 USD

common stock

Sale

1,990

41.7902 USD

common stock

Sale

1,959

41.8961 USD

common stock

Sale

1,817

41.8909 USD

common stock

Sale

1,797

41.7491 USD

common stock

Sale

1,700

41.2567 USD

common stock

Sale

1,572

41.8093 USD

common stock

Sale

1,375

41.7133 USD

common stock

Sale

1,274

41.5458 USD

common stock

Sale

1,242

41.9651 USD

common stock

Sale

1,200

41.5950 USD

common stock

Sale

1,159

41.7905 USD

common stock

Sale

963

42.0122 USD

common stock

Sale

839

41.5212 USD

common stock

Sale

815

41.9471 USD

common stock

Sale

762

41.7359 USD

common stock

Sale

614

41.6316 USD

common stock

Sale

600

41.9750 USD

common stock

Sale

495

41.9989 USD

common stock

Sale

317

41.9810 USD

common stock

Sale

302

41.8999 USD

common stock

Sale

301

41.5438 USD

common stock

Sale

264

42.0240 USD

common stock

Sale

210

41.6233 USD

common stock

Sale

176

41.9890 USD

common stock

Sale

126

41.7756 USD

common stock

Sale

106

41.5479 USD

common stock

Sale

100

41.5800 USD

common stock

Sale

100

41.8400 USD

common stock

Sale

100

42.0550 USD

common stock

Sale

100

41.9700 USD

common stock

Sale

99

42.0559 USD

common stock

Sale

91

41.5757 USD

common stock

Sale

78

41.7200 USD

common stock

Sale

66

42.0100 USD

common stock

Sale

37

41.8900 USD

common stock

Sale

27

41.6475 USD

common stock

Sale

6

41.2816 USD

common stock

Sale

6

42.0900 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

12,000

TBD

TBD

24-May-24

7.7000 USD

common stock

Call Options

Selling

130,000

TBD

TBD

21-Jun-24

1.1600 USD

common stock

Call Options

Purchasing

24,000

TBD

TBD

21-Jun-24

10.1000 USD

common stock

Call Options

Purchasing

12,000

TBD

TBD

24-May-24

5.8000 USD

common stock

Call Options

Purchasing

200,000

34.0000 USD

American

21-Jun-24

7.5100 USD

common stock

Call Options

Selling

200,000

TBD

TBD

21-Jun-24

6.5000 USD

common stock

Call Options

Purchasing

6,000

TBD

TBD

21-Jun-24

12.2000 USD

common stock

Call Options

Selling

102,000

TBD

TBD

31-May-24

6.4000 USD

common stock

Call Options

Purchasing

12,000

TBD

TBD

24-May-24

2.4000 USD

common stock

Call Options

Purchasing

12,000

TBD

TBD

24-May-24

2.9000 USD

common stock

Call Options

Purchasing

6,000

TBD

TBD

07-Jun-24

6.6000 USD

common stock

Call Options

Purchasing

6,000

TBD

TBD

31-May-24

6.6000 USD

common stock

Call Options

Purchasing

6,000

TBD

TBD

31-May-24

9.7000 USD

common stock

Call Options

Purchasing

6,000

TBD

TBD

24-May-24

4.7000 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:

23 May 2024

Contact name:

Large Holdings Regulatory Operations

Telephone number:

020 3134 7213