BNP Paribas London Form 8.3 - International Paper Company

RNS Number : 5435P

BNP Paribas London

10 December 2024

 

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:	BNP Paribas 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	09/12/2024
(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:

US4601461035 (common stock)

 

Interests

Short Positions

 

	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	8,547,120	2.46	-8,111,287	-2.34
(2) Cash-settled derivatives:	915,400	.26	-5,439,602	-1.57
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	1,958,700	.56	-2,443,200	-.70
TOTAL:	11,421,220	3.29	-15,994,089	-4.60

 

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
US4601461035	Purchase	13	55.7800 USD
US4601461035	Purchase	22	55.7800 USD
US4601461035	Purchase	31	55.9200 USD
US4601461035	Purchase	82	55.9200 USD
US4601461035	Purchase	83	55.9200 USD
US4601461035	Purchase	88	55.9200 USD
US4601461035	Purchase	442	55.7800 USD
US4601461035	Purchase	777	55.9200 USD
US4601461035	Purchase	3,000	55.7800 USD
US4601461035	Purchase	3,079	55.7800 USD
US4601461035	Purchase	3,408	55.7800 USD
US4601461035	Purchase	25,000	55.7800 USD
US4601461035	Sale	-3,818	55.7800 USD
US4601461035	Sale	-2,751	55.7800 USD
US4601461035	Sale	-1,195	55.7800 USD
US4601461035	Sale	-134	55.7800 USD
US4601461035	Sale	-76	55.7800 USD
US4601461035	Sale	-12	55.7800 USD

 

(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 references securities	Price per unit
US4601461035	Contract for Difference	Closing Long Position	-442	55.7800 USD
US4601461035	Contract for Difference	Reducing Long Position	-3,000	55.7800

 

(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)

Indemnity and other dealing arrangements

 

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:	10/12/2024
Contact Name	Compliance Control Room
Telephone Number:	0207 595 9695

 

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 [phone].

 

*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

 

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:	BNP Paribas 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	Type e.g. American, European etc.	Expiry date
common stock (US4601461035)	Call Option	P	24900	55.78	american	17/01/2025
common stock (US4601461035)	Unknown	W	333400	55.78	european	14/10/2025
common stock (US4601461035)	Call Option	W	-89300	55.78	american	20/06/2025
common stock (US4601461035)	Call Option	W	-88200	55.78	american	19/09/2025
common stock (US4601461035)	Call Option	W	-83700	55.78	american	20/06/2025
common stock (US4601461035)	Call Option	W	-63400	55.78	american	20/06/2025
common stock (US4601461035)	Call Option	W	-58200	55.78	american	17/04/2025
common stock (US4601461035)	Call Option	W	-50000	55.78	american	17/04/2025
common stock (US4601461035)	Call Option	W	-50000	55.78	american	19/09/2025
common stock (US4601461035)	Call Option	W	-49700	55.78	american	17/10/2025
common stock (US4601461035)	Call Option	W	-45000	55.78	american	17/01/2025
common stock (US4601461035)	Call Option	W	-25000	55.78	american	17/10/2025
common stock (US4601461035)	Call Option	W	-8800	55.78	american	20/06/2025
common stock (US4601461035)	Call Option	W	-4900	55.78	american	19/09/2025
common stock (US4601461035)	Put Option	W	10300	55.78	american	20/06/2025
common stock (US4601461035)	Put Option	W	24500	55.78	american	19/09/2025
common stock (US4601461035)	Put Option	W	26900	55.78	american	17/10/2025
common stock (US4601461035)	Put Option	W	30000	55.78	american	17/04/2025
common stock (US4601461035)	Put Option	W	50000	55.78	american	17/01/2025
common stock (US4601461035)	Put Option	W	50000	55.78	american	20/06/2025
common stock (US4601461035)	Put Option	W	52900	55.78	american	17/01/2025
common stock (US4601461035)	Put Option	W	75000	55.78	american	17/04/2025
common stock (US4601461035)	Put Option	W	85400	55.78	american	19/09/2025
common stock (US4601461035)	Put Option	W	128800	55.78	american	20/06/2025
common stock (US4601461035)	Put Option	W	200000	55.78	american	16/01/2026
common stock (US4601461035)	Unknown	W	-543500	55.78	european	14/10/2025
common stock (US4601461035)	Unknown	W	-543300	55.78	european	13/10/2025
common stock (US4601461035)	Unknown	W	-543300	55.78	european	15/10/2025
common stock (US4601461035)	Unknown	W	333300	55.78	european	13/10/2025
common stock (US4601461035)	Unknown	W	333300	55.78	european	15/10/2025
common stock (US4601461035)	Call Option	W	-151900	55.78	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 [phone].

 

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

 

 

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