RNS Number : 6171U
Goldman Sachs Asset Management LP
01 July 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:

(GS) GOLDMAN SACHS ASSET MANAGEMENT, L.P.

(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:

SMITH (DS) PLC

(e) Date position held/dealing undertaken:

     For an opening position disclosure, state the latest practicable date prior to the disclosure

28 June 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 - disclosed previously for 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:

1,614,821.9764*

0.46

0

0.00

(2) Cash-settled derivatives:

0

0.00

0

0.00

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

0

0.00

0

0.00

 

     TOTAL:

1,614,821.9764*

0.46

0

0.00

* (GS) GOLDMAN SACHS ASSET MANAGEMENT, L.P. resulting position includes changes resulting from non-trade related activity.

 



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

5

42.9040 USD

common stock

Purchase

15

42.9047 USD

common stock

Purchase

5

42.9540 USD

common stock

Purchase

5

42.9540 USD

common stock

Purchase

5

42.9540 USD

common stock

Purchase

5

42.9540 USD

common stock

Purchase

10

42.9800 USD

common stock

Purchase

5

42.9800 USD

common stock

Purchase

5

42.9800 USD

common stock

Purchase

5

42.9800 USD

common stock

Purchase

463

43.0800 USD

common stock

Purchase

5

43.0800 USD

common stock

Purchase

5

43.1220 USD

common stock

Purchase

5

43.1220 USD

common stock

Purchase

5

43.1220 USD

common stock

Purchase

5

43.1220 USD

common stock

Purchase

5

43.1220 USD

common stock

Purchase

5

43.1220 USD

common stock

Purchase

10

43.1230 USD

common stock

Purchase

15

43.1233 USD

common stock

Purchase

9

43.1233 USD

common stock

Purchase

25

43.1236 USD

common stock

Purchase

55

43.1236 USD

common stock

Purchase

50

43.1238 USD

common stock

Purchase

50

43.1238 USD

common stock

Purchase

10

43.1350 USD

common stock

Purchase

10

43.1350 USD

common stock

Purchase

188

43.1500 USD

common stock

Sale

10

42.7700 USD

common stock

Sale

5

42.7700 USD

common stock

Sale

5

42.8040 USD

common stock

Sale

935

42.8050 USD

common stock

Sale

48

42.8050 USD

common stock

Sale

30

42.8200 USD

common stock

Sale

25

42.8200 USD

common stock

Sale

25

42.8200 USD

common stock

Sale

5

42.8800 USD

common stock

Sale

5

42.8900 USD

common stock

Sale

5

42.8940 USD

common stock

Sale

40

42.9050 USD

common stock

Sale

40

42.9050 USD

common stock

Sale

60

42.9050 USD

common stock

Sale

60

42.9050 USD

common stock

Sale

60

42.9050 USD

common stock

Sale

10,700

42.9704 USD

common stock

Sale

5

43.0100 USD

common stock

Sale

5

43.1060 USD

common stock

Sale

5

43.1060 USD

common stock

Sale

40

43.1067 USD

common stock

Sale

140

43.1068 USD

common stock

Sale

536

43.1500 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 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?

NO

 

 

Date of disclosure:

01 July 2024

Contact name:

Papa Lette and Andrzej Szyszka

Telephone number*:

+33(1) 4212 1459 / +48(22) 317 4817

 

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.

 

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