REG-Millennium Partners, L.P. Form 8.3 - International Paper Company
31/12/2024 12:45
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Form 8.3 - International Paper Company
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: Millennium International Management LP
(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 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
and specify identity of offeror/offeree:
(e) Date position held/dealing undertaken: 30(th) December 2024
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 Yes, Smith (DS) 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: Common Stock (US4601461035)
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 5,006,341 1.441% 2,285,693 0.658%
(2) Cash-settled derivatives: 3,601 0.001% 913,816 0.263%
(3) Stock-settled derivatives (including options) and agreements to 12,600 0.004% 160,700 0.046%
purchase/sell:
TOTAL: 5,022,542 1.446% 3,360,209 0.967%
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)
US4601461035 Purchase 700 53.79
US4601461035 Purchase 341 53.58
US4601461035 Purchase 309 53.62
US4601461035 Purchase 8,175 53.65
US4601461035 Sale 8,003 53.65
US4601461035 Purchase 891 53.61
US4601461035 Purchase 200 53.70
US4601461035 Purchase 201 53.60
US4601461035 Purchase 1,039 53.63
US4601461035 Purchase 2,518 53.69
US4601461035 Purchase 3 53.76
US4601461035 Purchase 1,880 53.73
US4601461035 Purchase 638 53.68
US4601461035 Purchase 7 53.80
US4601461035 Purchase 184 53.67
US4601461035 Purchase 663 53.78
US4601461035 Purchase 1,165 53.71
US4601461035 Purchase 446 53.64
US4601461035 Purchase 105 53.74
US4601461035 Purchase 100 53.77
US4601461035 Purchase 1,435 53.75
US4601461035 Purchase 354 53.72
US4601461035 Purchase 3,324 53.66
US4601461035 Purchase 1 53.81
US4601461035 Purchase 73 54.04
US4601461035 Purchase 4 53.79
US4601461035 Purchase 65 53.58
US4601461035 Purchase 676 53.65
US4601461035 Sale 4,304 53.65
US4601461035 Purchase 194 53.69
US4601461035 Purchase 42 53.68
US4601461035 Purchase 5 53.71
US4601461035 Purchase 5 53.56
US4601461035 Purchase 2,587 54.08
US4601461035 Purchase 110 53.55
US4601461035 Purchase 615 53.54
US4601461035 Purchase 1 53.49
US4601461035 Sale 52 53.79
US4601461035 Sale 976 53.58
US4601461035 Sale 105 53.62
US4601461035 Purchase 33,890 53.65
US4601461035 Sale 4,501 53.65
US4601461035 Sale 1,345 53.61
US4601461035 Sale 3,041 53.70
US4601461035 Sale 611 53.60
US4601461035 Sale 311 53.63
US4601461035 Sale 1,868 53.59
US4601461035 Sale 1,947 53.69
US4601461035 Sale 1,341 53.76
US4601461035 Sale 1,975 53.73
US4601461035 Sale 2,557 53.68
US4601461035 Sale 983 53.67
US4601461035 Sale 80 53.78
US4601461035 Sale 361 53.82
US4601461035 Sale 873 53.71
US4601461035 Sale 3,081 53.64
US4601461035 Sale 10 53.85
US4601461035 Sale 1,201 53.74
US4601461035 Sale 550 54.00
US4601461035 Sale 1,366 53.56
US4601461035 Sale 518 53.97
US4601461035 Sale 574 53.83
US4601461035 Sale 662 53.84
US4601461035 Sale 88 53.77
US4601461035 Sale 4 53.75
US4601461035 Sale 25 53.72
US4601461035 Sale 1,061 53.66
US4601461035 Sale 692 53.81
US4601461035 Sale 200 53.96
US4601461035 Sale 100 53.55
US4601461035 Sale 615 53.54
US4601461035 Sale 142 53.52
US4601461035 Sale 67 53.53
US4601461035 Sale 7 53.57
US4601461035 Purchase 102 53.79
US4601461035 Purchase 100 53.58
US4601461035 Purchase 4,989 53.62
US4601461035 Purchase 1,813 53.65
US4601461035 Sale 900 53.65
US4601461035 Purchase 300 53.61
US4601461035 Purchase 965 53.70
US4601461035 Purchase 1,379 53.60
US4601461035 Purchase 163 53.63
US4601461035 Sale 107 53.63
US4601461035 Purchase 100 53.59
US4601461035 Purchase 1,347 53.69
US4601461035 Purchase 301 53.76
US4601461035 Purchase 1,380 53.73
US4601461035 Purchase 200 53.68
US4601461035 Purchase 176 53.80
US4601461035 Purchase 400 53.67
US4601461035 Purchase 297 53.78
US4601461035 Purchase 100 53.82
US4601461035 Purchase 679 53.71
US4601461035 Purchase 5,468 53.64
US4601461035 Sale 5,468 53.64
US4601461035 Purchase 347 53.66
US4601461035 Purchase 916 53.65
US4601461035 Sale 33,890 53.65
US4601461035 Sale 69 53.70
US4601461035 Sale 320 53.63
US4601461035 Sale 16 53.71
US4601461035 Sale 6 53.56
US4601461035 Sale 867 53.66
US4601461035 Sale 240 53.55
US4601461035 Sale 29 53.54
US4601461035 Sale 4 53.49
US4601461035 Purchase 8,003 53.65
US4601461035 Sale 401 53.65
US4601461035 Sale 172 53.70
US4601461035 Sale 26 53.67
US4601461035 Sale 514 53.66
US4601461035 Sale 3 53.79
US4601461035 Purchase 47 53.58
US4601461035 Sale 502 53.58
US4601461035 Purchase 158 53.62
US4601461035 Sale 824 53.62
US4601461035 Purchase 9,115 53.65
US4601461035 Sale 15,179 53.65
US4601461035 Purchase 6 53.61
US4601461035 Purchase 127 53.70
US4601461035 Purchase 5 53.60
US4601461035 Sale 37 53.60
US4601461035 Purchase 228 53.63
US4601461035 Sale 342 53.63
US4601461035 Purchase 200 53.59
US4601461035 Sale 1 53.59
US4601461035 Purchase 632 53.69
US4601461035 Purchase 1 53.76
US4601461035 Sale 55 53.76
US4601461035 Purchase 100 53.68
US4601461035 Sale 235 53.68
US4601461035 Purchase 1 53.80
US4601461035 Sale 24 53.80
US4601461035 Purchase 196 53.67
US4601461035 Sale 61 53.67
US4601461035 Sale 15 53.78
US4601461035 Sale 17 53.82
US4601461035 Purchase 1 53.71
US4601461035 Sale 3 53.71
US4601461035 Purchase 197 53.64
US4601461035 Sale 494 53.64
US4601461035 Sale 47 53.56
US4601461035 Sale 28 53.84
US4601461035 Purchase 11 53.77
US4601461035 Sale 8 53.77
US4601461035 Purchase 796 53.75
US4601461035 Sale 1,468 53.75
US4601461035 Purchase 63 53.72
US4601461035 Purchase 39 53.66
US4601461035 Sale 9 53.66
US4601461035 Sale 52 53.81
US4601461035 Sale 1 53.96
US4601461035 Sale 237 54.08
US4601461035 Sale 41 54.10
US4601461035 Purchase 43 53.95
US4601461035 Sale 3 53.49
US4601461035 Sale 1 53.53
US4601461035 Purchase 181 53.79
US4601461035 Purchase 266 53.62
US4601461035 Sale 5,147 53.62
US4601461035 Purchase 1,023 53.65
US4601461035 Sale 3,373 53.65
US4601461035 Sale 6 53.61
US4601461035 Sale 40 53.70
US4601461035 Purchase 111 53.60
US4601461035 Purchase 204 53.63
US4601461035 Sale 7 53.63
US4601461035 Purchase 38 53.59
US4601461035 Sale 7 53.69
US4601461035 Purchase 200 53.76
US4601461035 Purchase 119 53.68
US4601461035 Purchase 81 53.80
US4601461035 Purchase 13 53.67
US4601461035 Sale 19 53.67
US4601461035 Purchase 149 53.78
US4601461035 Purchase 178 53.82
US4601461035 Sale 4 53.71
US4601461035 Purchase 6,340 53.64
US4601461035 Sale 7,640 53.64
US4601461035 Purchase 3 53.74
US4601461035 Purchase 100 53.84
US4601461035 Purchase 200 53.77
US4601461035 Sale 857 53.75
US4601461035 Sale 5 53.66
US4601461035 Purchase 420 54.08
US4601461035 Purchase 13 53.79
US4601461035 Purchase 9 53.58
US4601461035 Sale 2,011 53.65
US4601461035 Purchase 30 53.69
US4601461035 Purchase 5 53.76
US4601461035 Purchase 746 53.68
US4601461035 Purchase 24 53.80
US4601461035 Purchase 13 53.78
US4601461035 Purchase 30 53.82
US4601461035 Purchase 1,314 53.74
US4601461035 Purchase 125 53.77
US4601461035 Purchase 33 53.75
US4601461035 Purchase 300 53.72
US4601461035 Purchase 520 53.66
US4601461035 Purchase 29 53.54
US4601461035 Sale 298 53.65
US4601461035 Purchase 2,011 53.65
US4601461035 Sale 2,109 53.65
US4601461035 Purchase 43 53.62
US4601461035 Sale 207 53.62
US4601461035 Purchase 38 53.65
US4601461035 Sale 215 53.65
US4601461035 Sale 643 53.60
US4601461035 Sale 1,393 53.68
US4601461035 Purchase 14 53.67
US4601461035 Purchase 4 53.71
US4601461035 Purchase 19 53.64
US4601461035 Purchase 7 53.75
US4601461035 Purchase 475 53.66
US4601461035 Sale 3,101 53.66
US4601461035 Purchase 114 53.50
US4601461035 Purchase 152 53.53
US4601461035 Purchase 19 53.88
(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
position
US4601461035 Equity Swap Increasing a short Position 2,056 42.85 GBP
US4601461035 Equity Swap Increasing a long Position 371 53.66 USD
US4601461035 Equity Swap Increasing a long Position 74 53.63 USD
(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 (USD)
(USD)
e.g. American, European etc.
US4601461035 Put Option Purchasing 1,000 52.50 American 17/04/2025 2.56
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
(USD)
(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: 31(st) December 2024
Contact name: Stephen Glasper
Telephone number: +44 203 398 2166
Public disclosures under Rule 8 of the Code must be made to a Regulatory
Information Service and must also be emailed to the Takeover Panel at
monitoring@disclosure.org.uk (mailto:monitoring@disclosure.org.uk) . 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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk&esheet=54171818&newsitemid=20241231644679&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=6b0d6382e409478de645e50474fa90ff)
.
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: Millennium International Management LP
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
(USD)
e.g. American, European etc.
US4601461035 Call Option Purchased 300 40.00 American 17/01/2025
US4601461035 Put Option Purchased 800 32.50 American 17/01/2025
US4601461035 Call Option Purchased 12,200 45.00 American 17/01/2025
US4601461035 Put Option Purchased 65,800 45.00 American 17/01/2025
US4601461035 Call Option Purchased 100 47.50 American 16/01/2026
US4601461035 Put Option Purchased 40,900 47.50 American 17/01/2025
US4601461035 Put Option Purchased 1,000 50.00 American 17/01/2025
US4601461035 Put Option Purchased 10,700 55.00 American 17/01/2025
US4601461035 Put Option Purchased 21,200 57.50 American 17/01/2025
US4601461035 Put Option Purchased 800 57.50 American 17/04/2025
US4601461035 Put Option Purchased 2,900 56.00 American 24/01/2025
US4601461035 Put Option Purchased 4,800 55.00 American 21/02/2025
US4601461035 Put Option Purchased 7,900 52.50 American 21/02/2025
US4601461035 Put Option Purchased 2,000 52.50 American 17/04/2025
US4601461035 Put Option Purchased 1,900 55.00 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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk%2F&esheet=54171818&newsitemid=20241231644679&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=2&md5=0f2728c80b97709fe57e85c8988cf792)
.
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Millennium Partners, L.P.
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