Societe Generale SA Form 8.3 - International Paper Company

RNS Number : 6914P

Societe Generale SA

11 December 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	10/12/2024
(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:	common stock
	Interests		Short positions
	Number	%	Number	%
(1)  Relevant securities owned and/or controlled:	409,615	0.12	321,246	0.09
(2)  Cash-settled derivatives:	29,547	0.01	5,591	0.00
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	17,200	0.00	0	0.00
TOTAL:	456,362	0.13	326,837	0.09

 

 

 

 

 

               

 

 

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	2,900	54.76
common stock	Purchase	87	55.2
common stock	Purchase	13	55.2
common stock	Purchase	1	54.71
common stock	Purchase	1	54.71
common stock	Purchase	1	54.75
common stock	Purchase	1	54.75
common stock	Purchase	1	54.76
common stock	Purchase	1	54.76
common stock	Purchase	1	54.78
common stock	Purchase	1	54.79
common stock	Purchase	1	54.79
common stock	Purchase	1	54.8
common stock	Purchase	1	54.8
common stock	Purchase	1	54.8
common stock	Purchase	1	54.81
common stock	Purchase	1	54.81
common stock	Purchase	1	54.81
common stock	Purchase	1	54.81
common stock	Purchase	1	54.82
common stock	Purchase	1	54.82
common stock	Purchase	1	54.83
common stock	Purchase	1	54.83
common stock	Purchase	1	54.83
common stock	Purchase	1	54.83
common stock	Purchase	1	54.84
common stock	Purchase	1	54.85
common stock	Purchase	1	54.85
common stock	Purchase	1	54.85
common stock	Purchase	1	54.85
common stock	Purchase	1	54.85
common stock	Purchase	1	54.88
common stock	Purchase	1	54.94
common stock	Purchase	1	54.98
common stock	Purchase	1	54.98
common stock	Purchase	1	54.99
common stock	Purchase	1	55.04
common stock	Purchase	1	55.04
common stock	Purchase	1	55.07
common stock	Purchase	1	55.08
common stock	Purchase	2	54.8
common stock	Purchase	17	54.79
common stock	Purchase	18	55.28
common stock	Purchase	20	55.05
common stock	Purchase	22	55.03
common stock	Purchase	24	55.05
common stock	Purchase	31	54.8
common stock	Purchase	52	54.8
common stock	Purchase	56	55.05
common stock	Purchase	61	54.76
common stock	Purchase	78	55.03
common stock	Purchase	82	55.28
common stock	Purchase	100	54.69
common stock	Purchase	100	54.72
common stock	Purchase	100	54.73
common stock	Purchase	100	54.73
common stock	Purchase	100	54.74
common stock	Purchase	100	54.75
common stock	Purchase	100	54.76
common stock	Purchase	100	54.77
common stock	Purchase	100	54.78
common stock	Purchase	100	54.79
common stock	Purchase	100	54.79
common stock	Purchase	100	54.8
common stock	Purchase	100	54.8
common stock	Purchase	100	54.82
common stock	Purchase	100	54.83
common stock	Purchase	100	54.87
common stock	Purchase	100	54.9
common stock	Purchase	100	54.91
common stock	Purchase	100	54.92
common stock	Purchase	100	54.94
common stock	Purchase	100	54.94
common stock	Purchase	100	54.96
common stock	Purchase	100	54.99
common stock	Purchase	100	55
common stock	Purchase	100	55.01
common stock	Purchase	100	55.1
common stock	Purchase	100	55.11
common stock	Purchase	100	55.15
common stock	Purchase	100	55.15
common stock	Purchase	100	55.17
common stock	Purchase	100	55.18
common stock	Purchase	100	55.18
common stock	Purchase	100	55.21
common stock	Purchase	100	55.26
common stock	Purchase	100	55.28
common stock	Purchase	181	54.76
common stock	Purchase	832	54.76
common stock	Purchase	287	54.76
common stock	Purchase	21	54.7
common stock	Purchase	93	54.76
common stock	Purchase	150	54.76
common stock	Purchase	1	54.92
common stock	Purchase	1	55.18
common stock	Purchase	2	54.76
common stock	Purchase	8	54.92
common stock	Purchase	10	54.71
common stock	Purchase	13	55.18
common stock	Purchase	13	55.18
common stock	Purchase	13	55.18
common stock	Purchase	20	54.8
common stock	Purchase	24	54.79
common stock	Purchase	26	54.75
common stock	Purchase	26	54.8
common stock	Purchase	31	54.75
common stock	Purchase	35	54.87
common stock	Purchase	36	54.92
common stock	Purchase	45	55.2
common stock	Purchase	46	54.97
common stock	Purchase	49	54.68
common stock	Purchase	60	55
common stock	Purchase	65	54.87
common stock	Purchase	76	54.79
common stock	Purchase	90	54.71
common stock	Purchase	98	54.76
common stock	Purchase	100	54.69
common stock	Purchase	100	54.69
common stock	Purchase	100	54.71
common stock	Purchase	100	54.71
common stock	Purchase	100	54.72
common stock	Purchase	100	54.76
common stock	Purchase	100	54.76
common stock	Purchase	100	54.76
common stock	Purchase	100	54.76
common stock	Purchase	100	54.77
common stock	Purchase	100	54.77
common stock	Purchase	100	54.78
common stock	Purchase	100	54.83
common stock	Purchase	100	54.84
common stock	Purchase	100	54.97
common stock	Purchase	100	55.1
common stock	Purchase	100	55.2
common stock	Purchase	225	54.96
common stock	Purchase	275	54.96
common stock	Purchase	300	54.72
common stock	Purchase	300	54.97
common stock	Purchase	14	54.811
common stock	Purchase	1	55.31
common stock	Purchase	9	55.31
common stock	Purchase	21	54.71
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
common stock	Purchase	250	52.44
common stock	Purchase	46	52.262
Class of relevant security	Purchase/sale	Number of securities	Price per unit USD
common stock	Sale	295	54.75
common stock	Sale	87	54.77
common stock	Sale	25	54.77
common stock	Sale	100	54.76
common stock	Sale	100	54.76
common stock	Sale	150	55.48
common stock	Sale	2,856	54.76
common stock	Sale	100	54.76
common stock	Sale	100	54.77
common stock	Sale	100	54.78
common stock	Sale	39	54.76

 

 

(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	139	54.763
common stock	CFD	Increasing a short position	42	54.763
common stock	CFD	Increasing a short position	3,961	54.9479365381
common stock	CFD	Reducing a long position	39	54.867696975

               

 

(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:	11/12/2024
Contact name:	Paul Jenkins
Telephone number:	[phone]

 

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].

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	25	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.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

 

END

 

 

RETDZMMZLMZGDZG