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:
|
|
Barclays PLC.
|
(b)
|
Owner or controller of interest and short
|
|
|
positions disclosed, if different from 1(a):
|
(c)
|
Name of offeror/offeree in relation to whose
|
INTERNATIONAL PAPER CO
|
|
relevant securities this form relates:
|
(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:
|
27
Mar 2024
|
(f)
|
In
addition to the company in 1(c) above, is the discloser
making
|
YES:
|
|
|
|
disclosures in respect of any other party to the
offer?
|
DS
SMITH PLC
|
|
2.
|
POSITIONS OF THE PERSON MAKING THE DISCLOSURE
|
(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:
|
|
|
701,692
|
0.20%
|
271,626
|
0.08%
|
(2)
|
Cash-settled derivatives:
|
|
|
|
|
|
and/or controlled:
|
|
|
99,853
|
0.03%
|
11,835
|
0.00%
|
(3)
|
Stock-settled derivatives (including
options)
|
|
|
|
|
|
and
agreements to purchase/sell:
|
|
|
0
|
0.00%
|
0
|
0.00%
|
|
|
|
|
|
|
|
|
|
TOTAL:
|
|
|
801,545
|
0.23%
|
283,461
|
0.08%
|
(b)
|
Rights to subscribe for new securities (including directors
and other executive
|
|
|
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 EXEMPT PRINCIPAL
TRADER
|
(a)
|
Purchases and sales
|
|
|
|
|
|
Class of
relevant
|
Purchase/sale
|
Number of
|
Price per
unit
|
security
|
|
securities
|
|
common
stock
|
Purchase
|
192,885
|
39.2960 USD
|
common
stock
|
Purchase
|
103,551
|
38.9036 USD
|
common
stock
|
Purchase
|
87,708
|
38.7551 USD
|
common
stock
|
Purchase
|
86,158
|
38.9695 USD
|
common
stock
|
Purchase
|
77,098
|
38.9413 USD
|
common
stock
|
Purchase
|
64,794
|
39.2988 USD
|
common
stock
|
Purchase
|
50,000
|
38.9850 USD
|
common
stock
|
Purchase
|
36,846
|
38.7411 USD
|
common
stock
|
Purchase
|
36,379
|
38.5944 USD
|
common
stock
|
Purchase
|
27,666
|
38.6349 USD
|
common
stock
|
Purchase
|
26,311
|
38.6185 USD
|
common
stock
|
Purchase
|
24,000
|
38.9546 USD
|
common
stock
|
Purchase
|
22,726
|
38.8806 USD
|
common
stock
|
Purchase
|
20,831
|
38.8211 USD
|
common
stock
|
Purchase
|
19,234
|
38.7980 USD
|
common
stock
|
Purchase
|
18,993
|
38.7928 USD
|
common
stock
|
Purchase
|
16,556
|
39.3900 USD
|
common
stock
|
Purchase
|
10,005
|
38.7819 USD
|
common
stock
|
Purchase
|
7,250
|
38.8576 USD
|
common
stock
|
Purchase
|
6,800
|
39.0393 USD
|
common
stock
|
Purchase
|
6,102
|
39.1796 USD
|
common
stock
|
Purchase
|
5,624
|
39.0264 USD
|
common
stock
|
Purchase
|
4,133
|
38.9005 USD
|
common
stock
|
Purchase
|
4,032
|
38.7933 USD
|
common
stock
|
Purchase
|
3,369
|
38.7243 USD
|
common
stock
|
Purchase
|
2,955
|
39.0771 USD
|
common
stock
|
Purchase
|
2,947
|
37.4787 USD
|
common
stock
|
Purchase
|
2,454
|
39.1092 USD
|
common
stock
|
Purchase
|
2,394
|
38.8396 USD
|
common
stock
|
Purchase
|
2,117
|
38.8995 USD
|
common
stock
|
Purchase
|
2,012
|
38.7919 USD
|
common
stock
|
Purchase
|
2,007
|
38.9649 USD
|
common
stock
|
Purchase
|
1,838
|
38.8351 USD
|
common
stock
|
Purchase
|
1,151
|
38.9965 USD
|
common
stock
|
Purchase
|
1,144
|
38.4766 USD
|
common
stock
|
Purchase
|
637
|
38.9838 USD
|
common
stock
|
Purchase
|
474
|
39.2545 USD
|
common
stock
|
Purchase
|
469
|
39.1207 USD
|
common
stock
|
Purchase
|
440
|
37.9917 USD
|
common
stock
|
Purchase
|
200
|
39.1000 USD
|
common
stock
|
Purchase
|
190
|
39.1210 USD
|
common
stock
|
Purchase
|
156
|
38.9366 USD
|
common
stock
|
Purchase
|
135
|
38.9022 USD
|
common
stock
|
Purchase
|
131
|
38.7082 USD
|
common
stock
|
Purchase
|
100
|
38.6100 USD
|
common
stock
|
Purchase
|
100
|
39.1100 USD
|
common
stock
|
Purchase
|
90
|
39.0200 USD
|
common
stock
|
Purchase
|
27
|
39.0915 USD
|
common
stock
|
Purchase
|
16
|
38.4950 USD
|
common
stock
|
Purchase
|
12
|
37.9000 USD
|
common
stock
|
Purchase
|
10
|
39.3910 USD
|
common
stock
|
Purchase
|
7
|
38.5500 USD
|
common
stock
|
Purchase
|
4
|
39.1600 USD
|
common
stock
|
Purchase
|
1
|
37.9500 USD
|
common
stock
|
Sale
|
216,383
|
38.8178 USD
|
common
stock
|
Sale
|
126,866
|
39.3884 USD
|
common
stock
|
Sale
|
73,862
|
39.2901 USD
|
common
stock
|
Sale
|
73,846
|
38.8855 USD
|
common
stock
|
Sale
|
68,277
|
38.9411 USD
|
common
stock
|
Sale
|
58,712
|
38.7658 USD
|
common
stock
|
Sale
|
56,800
|
38.7903 USD
|
common
stock
|
Sale
|
50,000
|
38.9850 USD
|
common
stock
|
Sale
|
35,072
|
38.9147 USD
|
common
stock
|
Sale
|
25,010
|
38.9031 USD
|
common
stock
|
Sale
|
23,330
|
39.0292 USD
|
common
stock
|
Sale
|
23,305
|
38.9003 USD
|
common
stock
|
Sale
|
22,726
|
38.8806 USD
|
common
stock
|
Sale
|
22,047
|
38.7517 USD
|
common
stock
|
Sale
|
21,462
|
39.0289 USD
|
common
stock
|
Sale
|
12,709
|
39.3900 USD
|
common
stock
|
Sale
|
9,868
|
39.1200 USD
|
common
stock
|
Sale
|
9,717
|
38.7820 USD
|
common
stock
|
Sale
|
9,616
|
38.9123 USD
|
common
stock
|
Sale
|
8,656
|
38.8192 USD
|
common
stock
|
Sale
|
6,800
|
39.0393 USD
|
common
stock
|
Sale
|
6,729
|
39.0269 USD
|
common
stock
|
Sale
|
5,359
|
38.6180 USD
|
common
stock
|
Sale
|
4,341
|
38.9336 USD
|
common
stock
|
Sale
|
3,551
|
38.4396 USD
|
common
stock
|
Sale
|
2,394
|
38.8396 USD
|
common
stock
|
Sale
|
2,221
|
37.4744 USD
|
common
stock
|
Sale
|
2,166
|
38.9710 USD
|
common
stock
|
Sale
|
2,117
|
38.8995 USD
|
common
stock
|
Sale
|
1,655
|
39.0558 USD
|
common
stock
|
Sale
|
1,401
|
39.1018 USD
|
common
stock
|
Sale
|
1,329
|
39.0755 USD
|
common
stock
|
Sale
|
1,190
|
38.9215 USD
|
common
stock
|
Sale
|
1,127
|
38.7579 USD
|
common
stock
|
Sale
|
1,055
|
38.9601 USD
|
common
stock
|
Sale
|
994
|
38.9241 USD
|
common
stock
|
Sale
|
968
|
38.7494 USD
|
common
stock
|
Sale
|
902
|
38.9244 USD
|
common
stock
|
Sale
|
861
|
38.8826 USD
|
common
stock
|
Sale
|
800
|
38.9150 USD
|
common
stock
|
Sale
|
791
|
39.1007 USD
|
common
stock
|
Sale
|
643
|
38.6979 USD
|
common
stock
|
Sale
|
600
|
38.8300 USD
|
common
stock
|
Sale
|
469
|
39.1207 USD
|
common
stock
|
Sale
|
440
|
37.9917 USD
|
common
stock
|
Sale
|
409
|
38.6908 USD
|
common
stock
|
Sale
|
402
|
39.1500 USD
|
common
stock
|
Sale
|
400
|
38.8550 USD
|
common
stock
|
Sale
|
393
|
39.3700 USD
|
common
stock
|
Sale
|
360
|
38.7677 USD
|
common
stock
|
Sale
|
337
|
38.7152 USD
|
common
stock
|
Sale
|
316
|
37.5065 USD
|
common
stock
|
Sale
|
307
|
39.0563 USD
|
common
stock
|
Sale
|
307
|
39.0439 USD
|
common
stock
|
Sale
|
300
|
38.8633 USD
|
common
stock
|
Sale
|
299
|
38.8303 USD
|
common
stock
|
Sale
|
201
|
39.2406 USD
|
common
stock
|
Sale
|
200
|
39.1750 USD
|
common
stock
|
Sale
|
193
|
38.7973 USD
|
common
stock
|
Sale
|
190
|
39.1210 USD
|
common
stock
|
Sale
|
144
|
38.9052 USD
|
common
stock
|
Sale
|
122
|
38.6900 USD
|
common
stock
|
Sale
|
109
|
38.9924 USD
|
common
stock
|
Sale
|
105
|
37.4300 USD
|
common
stock
|
Sale
|
100
|
38.5300 USD
|
common
stock
|
Sale
|
100
|
38.9100 USD
|
common
stock
|
Sale
|
100
|
37.5400 USD
|
common
stock
|
Sale
|
100
|
37.4100 USD
|
common
stock
|
Sale
|
100
|
38.8400 USD
|
common
stock
|
Sale
|
97
|
38.8063 USD
|
common
stock
|
Sale
|
95
|
39.0950 USD
|
common
stock
|
Sale
|
85
|
39.1100 USD
|
common
stock
|
Sale
|
66
|
37.6000 USD
|
common
stock
|
Sale
|
62
|
38.6500 USD
|
common
stock
|
Sale
|
58
|
39.3650 USD
|
common
stock
|
Sale
|
54
|
38.6712 USD
|
common
stock
|
Sale
|
45
|
39.0200 USD
|
common
stock
|
Sale
|
45
|
38.9417 USD
|
common
stock
|
Sale
|
36
|
38.9978 USD
|
common
stock
|
Sale
|
35
|
37.4400 USD
|
common
stock
|
Sale
|
26
|
39.0686 USD
|
common
stock
|
Sale
|
22
|
38.9977 USD
|
common
stock
|
Sale
|
16
|
39.3800 USD
|
common
stock
|
Sale
|
15
|
39.0333 USD
|
common
stock
|
Sale
|
12
|
37.9000 USD
|
common
stock
|
Sale
|
4
|
37.4800 USD
|
common
stock
|
Sale
|
4
|
39.1600 USD
|
common
stock
|
Sale
|
4
|
39.1700 USD
|
common
stock
|
Sale
|
3
|
39.1000 USD
|
|
|
|
|
|
|
|
|
(b)
|
Cash-settled derivative transactions
|
|
Class of
|
Product
|
Nature of
dealing
|
Number of
|
Price per
|
relevant
|
description
|
|
reference
|
unit
|
security
|
|
|
securities
|
|
common
stock
|
SWAP
|
Opening
Long
|
20,000
|
38.8568 USD
|
|
|
|
|
|
|
|
|
(c)
|
Stock-settled derivative transactions (including
options)
|
|
(i)
|
Writing, selling, purchasing or varying
|
|
Class
|
Product
|
Writing,
|
Number
|
Exercise
|
Type
|
Expiry
|
Option
|
of
|
description
|
purchasing,
|
of
|
price
|
|
date
|
money
|
relevant
|
|
selling,
|
securities
|
per unit
|
|
|
paid/
|
security
|
|
varying etc
|
to which
|
|
|
|
received
|
|
|
|
option
|
|
|
|
per unit
|
|
|
|
relates
|
|
|
|
|
common
stock
|
Put
Options
|
Selling
|
4,700
|
39.0000 USD
|
American
|
19 Apr
2024
|
0.9457 USD
|
common
stock
|
Call
Options
|
Selling
|
6,800
|
40.0000 USD
|
American
|
19 Apr
2024
|
0.6000 USD
|
common
stock
|
Call
Options
|
Selling
|
2,500
|
40.0000 USD
|
American
|
17 May
2024
|
1.1592 USD
|
common
stock
|
Call
Options
|
Selling
|
50,000
|
40.0000 USD
|
American
|
17 May
2024
|
1.1910 USD
|
common
stock
|
Put
Options
|
Selling
|
2,400
|
37.0000 USD
|
American
|
19 Apr
2024
|
0.3604 USD
|
common
stock
|
Put
Options
|
Selling
|
4,200
|
38.0000 USD
|
American
|
19 Apr
2024
|
0.5131 USD
|
common
stock
|
Put
Options
|
Selling
|
1,900
|
38.0000 USD
|
American
|
19 Apr
2024
|
0.7078 USD
|
|
|
|
|
|
|
|
|
(ii)
|
Exercising
|
|
|
|
|
|
|
Class of
relevant
|
Product
description
|
Exercising/ exercised
against
|
Number of
|
Exercise price
per
|
security
|
|
|
securities
|
unit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other dealings (including subscribing for new
securities)
|
|
Class of
relevant
|
Nature of
Dealings
|
Details
|
Price per unit
(if
|
security
|
|
|
applicable)
|
|
|
|
|
4.
|
OTHER
INFORMATION
|
(a)
|
Indemnity and other dealings 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 exempt principal trader
making the disclosure and any party
|
|
to
the offer or any person acting in concert with a party to the
offer:
|
|
|
|
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 of future acquisition or disposal of
any relevant securities to which
|
|
|
any
derivative is referenced:
|
|
|
|
|
|
|
NONE
|
(c)
|
Attachments
|
|
|
|
|
|
|
Is
a Supplemental Form 8 (Open Positions) attached?
|
NO
|
Date of disclosure:
|
28 Mar 2024
|
Contact name:
|
Large Holdings Regulatory
Operations
|
Telephone number:
|
020 3134
7213
|
|
|
|
|
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