Form 8.3 - International Paper Company

LONDON, September 02, 2024--(BUSINESS WIRE)--

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:	Balyasny Asset Management LP
(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	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: For an opening position disclosure, state the latest practicable date prior to the disclosure	30/08/2024
(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state "N/A"	YES: DS Smith plc

2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

(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 ISIN: US4601461035
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	4,607,867	1.32	1,214,550	0.35
(2) Cash-settled derivatives:
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:			180,100	0.05
TOTAL:	4,607,867	1.32	1,394,650	0.40

All interests and all short positions should be disclosed.

Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other employee 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

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

The currency of all prices and other monetary amounts should be stated.

(a) Purchases and sales

Class of relevant security	Purchase/sale	Number of securities	Price per unit
$ Common Stock	Purchase	600	USD 47.59
$ Common Stock	Sale	1	USD 47.59
$ Common Stock	Purchase	817	USD 47.62
$ Common Stock	Sale	1,449	USD 47.63
$ Common Stock	Sale	38	USD 47.63
$ Common Stock	Sale	554	USD 47.64
$ Common Stock	Sale	204	USD 47.64
$ Common Stock	Purchase	97	USD 47.65
$ Common Stock	Purchase	1,222	USD 47.66
$ Common Stock	Sale	91	USD 47.66
$ Common Stock	Sale	2,002	USD 47.73
$ Common Stock	Purchase	121	USD 47.75
$ Common Stock	Purchase	552	USD 47.75
$ Common Stock	Sale	12	USD 47.75
$ Common Stock	Sale	2,447	USD 47.77
$ Common Stock	Sale	703	USD 47.78
$ Common Stock	Purchase	508	USD 47.78
$ Common Stock	Purchase	408	USD 47.78
$ Common Stock	Purchase	202	USD 47.80
$ Common Stock	Sale	105	USD 47.80
$ Common Stock	Sale	3,332	USD 47.81
$ Common Stock	Purchase	122	USD 47.82
$ Common Stock	Sale	166	USD 47.83
$ Common Stock	Purchase	272	USD 47.83
$ Common Stock	Sale	454	USD 47.83
$ Common Stock	Purchase	1,561	USD 47.84
$ Common Stock	Purchase	1,351	USD 47.84
$ Common Stock	Purchase	179	USD 47.84
$ Common Stock	Purchase	7,500	USD 47.87
$ Common Stock	Purchase	257	USD 47.87
$ Common Stock	Purchase	1,300	USD 47.88
$ Common Stock	Sale	101	USD 47.88
$ Common Stock	Purchase	353	USD 47.89
$ Common Stock	Purchase	389	USD 47.89
$ Common Stock	Sale	175	USD 47.90
$ Common Stock	Purchase	8	USD 47.90
$ Common Stock	Purchase	6	USD 47.90
$ Common Stock	Purchase	7,152	USD 47.90
$ Common Stock	Purchase	1,543	USD 47.90
$ Common Stock	Purchase	55	USD 47.91
$ Common Stock	Purchase	37	USD 47.91
$ Common Stock	Sale	1,959	USD 47.93
$ Common Stock	Purchase	31,186	USD 47.94
$ Common Stock	Purchase	2,949	USD 47.95
$ Common Stock	Sale	57	USD 47.95
$ Common Stock	Sale	168	USD 47.96
$ Common Stock	Purchase	190	USD 47.96
$ Common Stock	Sale	18	USD 47.96
$ Common Stock	Purchase	371	USD 47.96
$ Common Stock	Purchase	29	USD 47.96
$ Common Stock	Purchase	225	USD 47.98
$ Common Stock	Purchase	3,150	USD 47.98
$ Common Stock	Purchase	599	USD 47.98
$ Common Stock	Purchase	1,636	USD 48.00
$ Common Stock	Purchase	374	USD 48.00
$ Common Stock	Sale	2,194	USD 48.02
$ Common Stock	Sale	39	USD 48.03
$ Common Stock	Purchase	586	USD 48.05
$ Common Stock	Sale	10,133	USD 48.07
$ Common Stock	Purchase	1,851	USD 48.09
$ Common Stock	Sale	16	USD 48.14
$ Common Stock	Purchase	93,536	USD 48.14
$ Common Stock	Purchase	376	USD 48.14
$ Common Stock	Purchase	16,335	USD 48.15
$ Common Stock	Purchase	8	USD 48.17
$ Common Stock	Purchase	2,911	USD 48.18
$ Common Stock	Purchase	2,856	USD 48.18
$ Common Stock	Sale	228	USD 48.19
$ Common Stock	Sale	2,162	USD 48.21
$ Common Stock	Purchase	4,164	USD 48.23
$ Common Stock	Sale	329	USD 48.24
$ Common Stock	Purchase	986	USD 48.24
$ Common Stock	Sale	51,260	USD 48.26
$ Common Stock	Sale	212	USD 48.26
$ Common Stock	Purchase	3,140	USD 48.28
$ Common Stock	Purchase	41,757	USD 48.29
$ Common Stock	Sale	669	USD 48.32
$ Common Stock	Purchase	5,405	USD 48.33
$ Common Stock	Purchase	1,814	USD 48.33
$ Common Stock	Purchase	1,134	USD 48.33
$ Common Stock	Sale	612	USD 48.35
$ Common Stock	Purchase	9,466	USD 48.36
$ Common Stock	Purchase	44,053	USD 48.36
$ Common Stock	Sale	11,258	USD 48.36
$ Common Stock	Sale	1,458	USD 48.38
$ Common Stock	Purchase	22,597	USD 48.38
$ Common Stock	Purchase	8,090	USD 48.40
$ Common Stock	Sale	452	USD 48.41
$ Common Stock	Sale	332	USD 48.42
$ Common Stock	Sale	5,374	USD 48.42
$ Common Stock	Purchase	31,335	USD 48.42
$ Common Stock	Purchase	9	USD 48.42
$ Common Stock	Sale	1,472	USD 48.42
$ Common Stock	Sale	16	USD 48.42
$ Common Stock	Sale	3,685	USD 48.42
$ Common Stock	Sale	1,949	USD 48.42
$ Common Stock	Sale	584	USD 48.42
$ Common Stock	Sale	6	USD 48.42
$ Common Stock	Sale	37	USD 48.42
$ Common Stock	Sale	268	USD 48.42
$ Common Stock	Sale	242	USD 48.42
$ Common Stock	Sale	48	USD 48.42
$ Common Stock	Sale	16	USD 48.42
$ Common Stock	Sale	1	USD 48.42
$ Common Stock	Sale	41	USD 48.42

(b) Cash-settled derivative transactions

Class of relevant security	Product description e.g. CFD	Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position	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 e.g. call option	Writing, purchasing, Selling, varying etc.	Number of securities to which option relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date	Option money paid/ received per unit

(ii) Exercise

Class of relevant security	Product description e.g. call option	Exercising/ exercised against	Number of securities	Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security	Nature of dealing e.g. subscription, conversion	Details	Price per unit (if applicable)

4. OTHER INFORMATION

(a) Indemnity and other dealing 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: Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state "none"

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 or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state "none"

None

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?

Yes

Date of disclosure:	02/09/2024
Contact name:	Jack Satt
Telephone number*:	+44 208 164 3693

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SALE ETC.

Note 5(i) on Rule 8 of the Takeover Code (the "Code")

1. KEY INFORMATION

Full name of person making disclosure:	Balyasny Asset Management LP
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:	International Paper Company

2. STOCK-SETTLED DERIVATIVES (INCLUDING OPTIONS)

Class of relevant security	Product description e.g. call option	Written or purchased	Number of securities to which option or derivative relates	Exercise price per unit	Type e.g. American, European etc.	Expiry date
$ common stock	Put Option	Purchased	150,000	USD 52.5	American	16/01/2026
$ common stock	Put Option	Purchased	30,100	USD 55	American	16/01/2026

3. AGREEMENTS TO PURCHASE OR SALE ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to cash-settled derivatives.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240902549420/en/

Contacts

Balyasny Asset Management LP