REG - LMR Partners LLP Smith (DS) PLC International Paper - Form 8.3 - International Paper Company
03/02/2025 13:30
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RNS Number : 6990V LMR Partners LLP 03 February 2025
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: LMR Partners LLP
(b) Owner or controller of interests and short positions disclosed, if N/A
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 International Paper Company
relates:
Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an offeror/offeree, state this N/A
and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: 31 January 2025
For an opening position disclosure, state the latest practicable date
prior to the disclosure
(f) In addition to the company in 1(c) above, is the discloser making DS Smith plc
disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
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: Ordinary
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 2,330,876 0.67%
(2) Cash-settled derivatives: 1,737 0.00% 45,000 0.01%
(3) Stock-settled derivatives (including options) and agreements to 45,077 0.01%
purchase/sell:
46,814 0.01% 2,375,876 0.68%
TOTAL:
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 Sale 1,678 57.431684
(b) Cash-settled derivative transactions
Class of relevant security Product description Nature of dealing Number of reference securities Price per unit
e.g. CFD e.g. opening/closing a long/short position, increasing/reducing a long/short (USD)
position
Common stock CFD Opening a short position 113,250 55.696041
(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 Expiry date Option money paid/ received per unit
e.g. American, European etc. (USD)
Common stock Call option Purchasing 7,550 56 American 07/02/2025 0.95
Common stock Call option Purchasing 2,026 56 American 07/02/2025 0.90
Common stock Call option Purchasing 6584 56 American 07/02/2025 0.85
Common stock Call option Purchasing 230 56 American 07/02/2025 0.84
Common stock Call option Purchasing 10,082 57 American 07/02/2025 0.50
Common stock Call option Writing 349 57.5 American 21/03/2025 1.20
Common stock Call option Writing 814 57.5 American 21/03/2025 1.25
Common stock Call option Writing 814 57.5 American 21/03/2025 1.26
Common stock Call option Writing 1,707 57.5 American 21/03/2025 1.27
Common stock Call option Writing 1,707 57.5 American 21/03/2025 1.28
Common stock Call option Writing 1,590 57.5 American 21/03/2025 1.29
Common stock Call option Writing 853 57.5 American 21/03/2025 1.30
Common stock Call option Writing 504 57.5 American 21/03/2025 1.31
Common stock Call option Writing 970 57.5 American 21/03/2025 1.32
Common stock Call option Writing 814 57.5 American 21/03/2025 1.34
Common stock Call option Writing 39 57.5 American 21/03/2025 1.35
Common stock Call option Writing 814 57.5 American 21/03/2025 1.37
Common stock Call option Writing 465 57.5 American 21/03/2025 1.38
Common stock Call option Writing 349 57.5 American 21/03/2025 1.39
Common stock Call option Writing 116 57.5 American 21/03/2025 1.62
Common stock Call option Writing 931 57.5 American 21/03/2025 1.65
Common stock Call option Writing 1,047 57.5 American 21/03/2025 1.66
Common stock Call option Writing 427 57.5 American 21/03/2025 1.67
Common stock Call option Writing 310 57.5 American 21/03/2025 1.73
Common stock Call option Writing 1,280 57.5 American 21/03/2025 1.75
Common stock Call option Writing 343 60 American 21/03/2025 0.75
Common stock Call option Writing 298 60 American 21/03/2025 0.76
Common stock Call option Writing 229 60 American 21/03/2025 0.78
Common stock Call option Writing 23 60 American 21/03/2025 0.80
Common stock Call option Writing 69 60 American 21/03/2025 0.82
Common stock Call option Writing 46 60 American 21/03/2025 0.83
Common stock Call option Writing 229 60 American 21/03/2025 0.86
Common stock Call option Writing 114 60 American 21/03/2025 0.91
Common stock Call option Writing 572 60 American 21/03/2025 0.95
Common stock Call option Writing 160 60 American 21/03/2025 0.96
Common stock Call option Writing 389 60 American 21/03/2025 1.04
Common stock Call option Writing 160 60 American 21/03/2025 1.10
Common stock Call option Writing 23 60 American 21/03/2025 1.11
Common stock Call option Writing 778 60 American 21/03/2025 1.12
Common stock Call option Writing 847 60 American 21/03/2025 1.13
Common stock Call option Writing 69 60 American 21/03/2025 1.15
Common stock Put option Writing 134 55 American 21/03/2025 1.15
Common stock Put option Writing 852 55 American 21/03/2025 1.18
Common stock Put option Writing 876 55 American 21/03/2025 1.19
Common stock Put option Writing 978 55 American 21/03/2025 1.20
Common stock Put option Writing 97 55 American 21/03/2025 1.22
Common stock Put option Writing 877 55 American 21/03/2025 1.23
Common stock Put option Writing 874 55 American 21/03/2025 1.27
Common stock Put option Writing 1,655 55 American 21/03/2025 1.35
Common stock Put option Writing 263 55 American 21/03/2025 1.39
Common stock Put option Writing 661 55 American 21/03/2025 1.47
Common stock Put option Writing 171 55 American 21/03/2025 1.50
Common stock Put option Writing 57 55 American 21/03/2025 1.54
Common stock Put option Writing 929 55 American 21/03/2025 1.55
Common stock Put option Writing 436 55 American 21/03/2025 1.56
Common stock Put option Writing 855 55 American 21/03/2025 1.57
Common stock Put option Writing 137 55 American 21/03/2025 1.58
Common stock Call option Purchasing 382 57.5 American 17/04/2025 1.80
Common stock Call option Purchasing 892 57.5 American 17/04/2025 1.85
Common stock Call option Purchasing 467 57.5 American 17/04/2025 1.86
Common stock Call option Purchasing 510 57.5 American 17/04/2025 1.87
Common stock Call option Purchasing 340 57.5 American 17/04/2025 1.88
Common stock Call option Purchasing 2,803 57.5 American 17/04/2025 1.90
Common stock Call option Purchasing 425 57.5 American 17/04/2025 1.91
Common stock Call option Purchasing 42 57.5 American 17/04/2025 1.92
Common stock Call option Purchasing 1,317 57.5 American 17/04/2025 1.93
Common stock Call option Purchasing 1,317 57.5 American 17/04/2025 1.94
Common stock Call option Purchasing 2,803 57.5 American 17/04/2025 1.95
Common stock Call option Purchasing 85 57.5 American 17/04/2025 1.97
Common stock Call option Purchasing 934 57.5 American 17/04/2025 2.00
Common stock Call option Purchasing 892 57.5 American 17/04/2025 2.03
Common stock Call option Purchasing 510 57.5 American 17/04/2025 2.04
Common stock Call option Purchasing 382 57.5 American 17/04/2025 2.05
Common stock Call option Purchasing 127 57.5 American 17/04/2025 2.24
Common stock Call option Purchasing 2,633 57.5 American 17/04/2025 2.30
Common stock Call option Purchasing 340 57.5 American 17/04/2025 2.35
Common stock Call option Purchasing 1,402 57.5 American 17/04/2025 2.39
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
(d) Other dealings (including subscribing for new securities)
Class of relevant security Nature of dealing Details Price per unit (if applicable)
e.g. subscription, conversion
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: 3 February 2025
Contact name: Krys Kisala
Telephone number: +44(0) 207 389 8433
Krys.kisala@lmrpartners.com
compliance@lmrpartners.com
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
(http://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: LMR Partners LLP
Name of offeror/offeree in relation to whose relevant securities the International Paper Company
disclosure relates:
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 Expiry date
e.g. American, European etc.
Common stock Call Purchased 16,390 56 American 07/02/02025
Common stock Call Purchased 10,082 57 American 07/02/2025
Common stock Call Written -16,988 57.5 American 21/03/2025
Common stock Call Written -4,349 60 American 21/03/2025
Common stock Put Written 8,479 55 American 21/03/2025
Common stock Call Purchased 18,604 57.5 American 17/04/2025
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
(http://www.thetakeoverpanel.org.uk) .
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