Form 8.3 - International Paper Company

21st Nov 2024 10:36

RNS Number : 1791N

Societe Generale SA

21 November 2024

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:	SOCIETE GENERALE SA
(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	20/11/2024
(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: Smith (DS) 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
	Interests		Short positions
	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	430,970	0.12	349,366	0.10
(2) Cash-settled derivatives:	21,524	0.01	1,079	0.00
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	17,200	0.00	0	0.00
TOTAL:	469,694	0.14	350,445	0.10

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 USD
common stock	Purchase	700	58.84
common stock	Purchase	1	59.81
common stock	Purchase	3	59.24
common stock	Purchase	46	59.24
common stock	Purchase	51	59.24
common stock	Purchase	99	59.81
common stock	Purchase	100	57.22
common stock	Purchase	100	57.43
common stock	Purchase	100	57.54
common stock	Purchase	100	57.79
common stock	Purchase	100	58.96
common stock	Purchase	100	59.63
common stock	Purchase	100	57.38
common stock	Purchase	100	57.48
common stock	Purchase	100	57.81
common stock	Purchase	1	57.22
common stock	Purchase	22	57.77
common stock	Purchase	78	57.77
common stock	Purchase	99	57.22
common stock	Purchase	100	57.23
common stock	Purchase	100	57.43
common stock	Purchase	100	58.88
common stock	Purchase	100	58.98
common stock	Purchase	14	59.09
common stock	Purchase	16	57.66
common stock	Purchase	20	59.09
common stock	Purchase	22	59.09
common stock	Purchase	44	59.09
common stock	Purchase	84	57.66
common stock	Purchase	100	57.19
common stock	Purchase	100	57.21
common stock	Purchase	100	57.61
common stock	Purchase	100	57.68
common stock	Purchase	100	57.72
common stock	Purchase	100	58.71
common stock	Purchase	100	58.8
common stock	Purchase	100	58.92
common stock	Purchase	100	59.71
common stock	Purchase	410	58.84
common stock	Purchase	580	58.84
common stock	Purchase	24	58.84
common stock	Purchase	1	57.59
common stock	Purchase	1,300	58.83
common stock	Purchase	600	58.84
common stock	Purchase	309	58.83
common stock	Purchase	600	58.83
common stock	Purchase	600	58.84
common stock	Purchase	300	58.84
common stock	Purchase	812	58.84
common stock	Purchase	88	58.84
common stock	Purchase	600	58.83
common stock	Purchase	300	58.84
common stock	Purchase	2,800	58.84
common stock	Purchase	2	57.63
common stock	Purchase	3	58.7
common stock	Purchase	7	58.67
common stock	Purchase	10	58.7
common stock	Purchase	11	58.97
common stock	Purchase	13	58.71
common stock	Purchase	13	58.71
common stock	Purchase	14	58.68
common stock	Purchase	21	58.84
common stock	Purchase	28	58.68
common stock	Purchase	29	58.7
common stock	Purchase	30	58.67
common stock	Purchase	38	58.7
common stock	Purchase	43	58.69
common stock	Purchase	43	58.92
common stock	Purchase	52	58.82
common stock	Purchase	57	58.69
common stock	Purchase	57	58.92
common stock	Purchase	59	58.7
common stock	Purchase	72	58.68
common stock	Purchase	73	58.67
common stock	Purchase	84	58.68
common stock	Purchase	87	58.71
common stock	Purchase	87	58.71
common stock	Purchase	89	58.97
common stock	Purchase	90	58.7
common stock	Purchase	91	58.67
common stock	Purchase	95	58.67
common stock	Purchase	98	57.63
common stock	Purchase	100	57.63
common stock	Purchase	100	57.68
common stock	Purchase	100	58.665
common stock	Purchase	100	58.67
common stock	Purchase	100	58.67
common stock	Purchase	100	58.67
common stock	Purchase	100	58.67
common stock	Purchase	100	58.67
common stock	Purchase	100	58.675
common stock	Purchase	100	58.68
common stock	Purchase	100	58.68
common stock	Purchase	100	58.68
common stock	Purchase	100	58.69
common stock	Purchase	100	58.69
common stock	Purchase	100	58.7
common stock	Purchase	100	58.7
common stock	Purchase	100	58.72
common stock	Purchase	100	58.73
common stock	Purchase	100	58.76
common stock	Purchase	100	58.82
common stock	Purchase	100	58.82
common stock	Purchase	100	58.82
common stock	Purchase	100	58.83
common stock	Purchase	100	58.83
common stock	Purchase	100	58.83
common stock	Purchase	100	58.84
common stock	Purchase	100	58.85
common stock	Purchase	100	58.85
common stock	Purchase	100	58.87
common stock	Purchase	100	58.97
common stock	Purchase	198	58.67
common stock	Purchase	200	58.8
common stock	Purchase	200	58.82
common stock	Purchase	3	58.93
common stock	Purchase	33	58.93
common stock	Purchase	77	58.8
common stock	Purchase	297	58.79
common stock	Purchase	123	58.63693
common stock	Sale	3	57.82
common stock	Sale	6	58.84
common stock	Sale	13	57.82
common stock	Sale	22	57.87
common stock	Sale	78	57.87
common stock	Sale	149	58.84
common stock	Sale	24	58.84
common stock	Sale	1	58.47
common stock	Sale	2	58.84
common stock	Sale	2	58.89
common stock	Sale	6	58.11
common stock	Sale	9	57.36
common stock	Sale	9	59.9
common stock	Sale	12	58.11
common stock	Sale	12	59.21
common stock	Sale	15	58.93
common stock	Sale	16	58.96
common stock	Sale	16	60.05
common stock	Sale	20	58.93
common stock	Sale	30	58.33
common stock	Sale	35	58.14
common stock	Sale	37	59.48
common stock	Sale	44	58.11
common stock	Sale	44	59.88
common stock	Sale	45	57.33
common stock	Sale	45	58.8
common stock	Sale	47	58.88
common stock	Sale	53	58.88
common stock	Sale	56	59.88
common stock	Sale	71	58.115
common stock	Sale	77	58.79
common stock	Sale	78	59.5
common stock	Sale	79	58.89
common stock	Sale	80	58.93
common stock	Sale	84	58.96
common stock	Sale	84	60.06
common stock	Sale	85	58.93
common stock	Sale	88	59.1
common stock	Sale	91	57.36
common stock	Sale	91	59.9
common stock	Sale	93	59.21
common stock	Sale	95	59.21
common stock	Sale	96	57.78
common stock	Sale	98	58.84
common stock	Sale	99	58.47
common stock	Sale	100	57.74
common stock	Sale	100	57.74
common stock	Sale	100	57.78
common stock	Sale	100	58.33
common stock	Sale	100	58.47
common stock	Sale	100	58.74
common stock	Sale	100	58.74
common stock	Sale	100	58.75
common stock	Sale	100	58.77
common stock	Sale	100	58.79
common stock	Sale	100	58.8
common stock	Sale	100	58.8
common stock	Sale	100	58.81
common stock	Sale	100	58.82
common stock	Sale	100	58.82
common stock	Sale	100	58.84
common stock	Sale	100	58.88
common stock	Sale	100	58.88
common stock	Sale	100	58.89
common stock	Sale	100	58.89
common stock	Sale	100	58.89
common stock	Sale	100	58.9
common stock	Sale	100	58.91
common stock	Sale	100	58.92
common stock	Sale	100	58.93
common stock	Sale	100	58.93
common stock	Sale	100	58.93
common stock	Sale	100	59.1
common stock	Sale	100	59.1
common stock	Sale	100	59.1
common stock	Sale	100	59.1
common stock	Sale	100	59.22
common stock	Sale	100	59.38
common stock	Sale	100	59.5
common stock	Sale	100	59.545
common stock	Sale	100	59.57
common stock	Sale	100	59.59
common stock	Sale	100	59.61
common stock	Sale	100	59.62
common stock	Sale	100	59.7
common stock	Sale	100	59.72
common stock	Sale	100	59.72
common stock	Sale	100	59.82
common stock	Sale	100	59.82
common stock	Sale	100	59.82
common stock	Sale	100	59.83
common stock	Sale	100	59.83
common stock	Sale	100	59.9
common stock	Sale	100	59.94
common stock	Sale	100	60
common stock	Sale	155	57.33
common stock	Sale	200	57.88
common stock	Sale	200	57.93
common stock	Sale	200	59.84
common stock	Sale	100	59.605
common stock	Sale	35	58.14
common stock	Sale	100	57.66
common stock	Sale	398	57.59731
common stock	Sale	9	57.82
common stock	Sale	51	57.59
common stock	Sale	51	57.59
common stock	Sale	51	57.59
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
common stock	Sale	4	55.83

(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 USD
common stock	CFD	Reducing a long position	209	58.84248804
common stock	CFD	Increasing a long position	6	58.838
common stock	CFD	Increasing a long position	124	58.83903226
common stock	CFD	Increasing a long position	116	57.84310345

(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

Is a Supplemental Form 8 (Open Positions) attached?

YES

Date of disclosure:	21/11/2024
Contact name:	Paul Jenkins
Telephone number:	+44 20 7676 6969

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.

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 SELL ETC.

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

1. KEY INFORMATION

Full name of person making disclosure:	SOCIETE GENERALE SA
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 USD

Type

e.g. American, European etc.

Expiry date

common stock

Listed Put Option

Written

17,200

American

17/01/2025

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:

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.

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END

RETFZMZMGMKGDZM

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