REG - International Paper - Completion of Listing

International Paper CoAnnouncement

04/02/2025 08:15

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RNS Number : 7582V  International Paper Company  04 February 2025

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE
A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION

FOR IMMEDIATE RELEASE

4 February 2025

INTERNATIONAL PAPER COMPANY

COMPLETION OF LISTING

Further to International Paper's announcement on (i) September 11, 2024 in
connection with the FCA's approval of and the publication of a prospectus in
relation to Admission (the "Prospectus"), and (ii) November 4, 2024, December
5, 2024 and February 3, 2025 in connection with the FCA's approval of and the
publication of certain supplements to the Prospectus, International Paper is
pleased to announce that all of the issued International Paper Shares,
consisting of 525,548,887 shares of common stock with a par value of $1.00
each, have been admitted to the equity shares (international commercial
companies secondary listing) category of the Official List of the FCA and to
trading on the main market for listed securities of the LSE under the ticker
"IPC", effective from 8:00 a.m. (UK time) today.

Further, it is expected that the New International Paper Shares, consisting of
178,126,631 shares of common stock with a par value of $1.00 each, will also
be admitted to the New York Stock Exchange under the ticker "IP" with effect
from 9:30 a.m. (New York City time) today.

Capitalized terms used in this announcement, unless otherwise defined, have
the meanings given to them in the Prospectus.

Enquiries

 

 International Paper
 Jose Maria Rodriguez Meis

                            josemaria.rodriguezmeis@ipaper.com
                            +1 901 419 1731
 FGS Global                 OIP@fgsglobal.com

                            US: +1 212 687 0808

                            UK: +44 20 7251 3801

About International Paper

International Paper (NYSE: IP/LSE: IPC) is the global leader in sustainable
packaging solutions. With company headquarters in Memphis, Tennessee, USA, and
EMEA (Europe, Middle East and Africa) headquarters in London, UK, we employ
more than 65,000 team members and serve customers around the world with
operations in more than 30 countries. Together with our customers, we make the
world safer and more productive, one sustainable packaging solution at a time.
Net sales for 2024 were $18.6 billion. In 2025, International Paper acquired
DS Smith Plc creating an industry leader focused on the attractive and growing
North American and EMEA regions. Additional information can be found by
visiting internationalpaper.com.

 

Cautionary Statement Regarding Forward-Looking Statements

 

Certain statements in this press release that are not historical in nature may
be considered "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. Forward-looking
statements can be identified by the use of forward-looking or conditional
words such as "expects," "anticipates," "believes," "estimates," "could,"
"should," "can," "forecast," "intend," "look," "may," "will," "remain,"
"confident," "commit" and "plan" or similar expressions. These statements are
not guarantees of future performance and reflect management's current views
and speak only as to the dates the statements are made and are subject to
risks and uncertainties that could cause actual results to differ materially
from those expressed or implied in these statements. All statements, other
than statements of historical fact, are forward-looking statements, including,
but not limited to, statements regarding anticipated financial results,
economic conditions, industry trends, board of directors appointments, future
prospects, and the anticipated benefits resulting from the acquisition of DS
Smith Plc. Factors which could cause actual results to differ include but are
not limited to: (i) our ability to achieve the benefits expected from, and
other risks associated with, acquisitions, joint ventures, divestitures,
spinoffs, capital investments and other corporate transactions, including, but
not limited to, the acquisition of DS Smith Plc, and our ability to integrate
and implement our plans, forecasts, and other expectations with respect to the
combined company, including in light of our increased scale and global
presence; (ii) risks with respect to climate change and global, regional, and
local weather conditions, as well as risks related to our targets and goals
with respect to climate change and the emission of greenhouse gases (GHG) and
other environmental, social and governance matters, including our ability to
meet such targets and goals; (iii) loss contingencies and pending, threatened
or future litigation, including with respect to environmental related matters;
(iv) the level of our indebtedness, risks associated with our variable rate
debt, and changes in interest rates (including the impact of current elevated
interest rate levels); (v) the impact of global and domestic economic
conditions and industry conditions, including with respect to current
challenging macroeconomic conditions, recent inflationary pressures and
changes in the cost or availability of raw materials, energy sources and
transportation sources, supply chain shortages and disruptions, competition we
face, cyclicality and changes in consumer preferences, demand and pricing for
our products, and conditions impacting the credit, capital and financial
markets; (vi) risks arising from conducting business internationally, domestic
and global geopolitical conditions, military conflict (including the
Russia/Ukraine conflict, the conflict in the Middle East, the further
expansion of such conflicts, and the geopolitical and economic consequences
associated therewith), changes in currency exchange rates, including in light
of our increased proportion of assets, liabilities and earnings denominated in
foreign currencies as a result of our completed acquisition of DS Smith Plc,
trade policies (such as protectionist measures and increased tariffs) and
trade tensions, downgrades in our credit ratings, and/or the credit ratings of
banks issuing certain letters of credit, issued by recognized credit rating
organizations; (vii) the amount of our future pension funding obligations, and
pension and healthcare costs; (vii) the costs of compliance, or the failure to
comply with, existing, evolving or new environmental (including with respect
to climate change and greenhouse gas emissions), tax, trade, labor and
employment, privacy, anti-bribery and anti-corruption, and other U.S. and
non-U.S. governmental laws, regulations and policies (including but not
limited to those in the United Kingdom and European Union); (ix) any material
disruption at any of our manufacturing facilities or other adverse impact on
our operations due to severe weather, natural disasters, climate change or
other causes; (x) our ability to realize expected benefits and cost savings
associated with restructuring initiatives; (xi) cybersecurity and information
technology risks, including as a result of security breaches and cybersecurity
incidents; (xii) our exposure to claims under our agreements with Sylvamo
Corporation; (xiii) the qualification of such spin-off as a tax-free
transaction for U.S. federal income tax purposes; (xiv) risks associated with
our review of strategic options for our global cellulose fibers business; (xv)
our ability to attract and retain qualified personnel and maintain good
employee or labor relations; (xvii) our ability to maintain effective internal
control over financial reporting; and (xviii) our ability to adequately secure
and protect our intellectual property rights. These and other factors that
could cause or contribute to actual results differing materially from such
forward-looking statements can be found in our press releases and reports
filed with the U.S. Securities and Exchange Commission. In addition, other
risks and uncertainties not presently known to the Company or that we
currently believe to be immaterial could affect the accuracy of any
forward-looking statements. The Company undertakes no obligation to publicly
update any forward-looking statements, whether as a result of new information,
future events or otherwise.

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