REG-Qube Research & Technologies LTD Form 8.3 - International Paper Company
04/02/2025 14:45
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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: Qube Research & Technologies Limited
(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: 03-02-2025
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 Yes - 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: Common Stock
Interests Short positions
Number % Number %
(1) Relevant securities owned and/or controlled: 0 0.0 8,661,242 2.49
(2) Cash-settled derivatives: 0 0.0 0 0.0
(3) Stock-settled derivatives (including options) and agreements to 7,100 0.001 7,500 0.002
purchase/sell:
7,100 0.001 8,668,742 2.49
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: 0
Details, including nature of the rights concerned and relevant percentages: 0
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 54.96
Common Stock Sale 1 55.08
Common Stock Sale 1 55.46
Common Stock Sale 1 55.46
Common Stock Sale 1 55.46
Common Stock Sale 1 55.49
Common Stock Sale 1 55.49
Common Stock Sale 1 55.49
Common Stock Sale 1 55.51
Common Stock Sale 1 55.53
Common Stock Sale 1 55.54
Common Stock Sale 1 55.54
Common Stock Sale 1 55.56
Common Stock Sale 1 55.58
Common Stock Sale 1 55.62
Common Stock Sale 1 55.70
Common Stock Sale 1 55.73
Common Stock Sale 1 55.90
Common Stock Sale 1 55.94
Common Stock Sale 2 55.50
Common Stock Sale 2 55.58
Common Stock Sale 2 55.60
Common Stock Sale 2 55.61
Common Stock Sale 3 55.01
Common Stock Sale 3 55.14
Common Stock Sale 3 55.55
Common Stock Sale 3 55.87
Common Stock Sale 4 54.81
Common Stock Sale 5 55.66
Common Stock Sale 6 55.11
Common Stock Sale 6 55.70
Common Stock Sale 8 55.86
Common Stock Sale 9 55.86
Common Stock Sale 10 54.70
Common Stock Sale 10 54.97
Common Stock Sale 10 55.22
Common Stock Sale 11 55.76
Common Stock Sale 12 54.87
Common Stock Sale 12 55.34
Common Stock Sale 14 54.83
Common Stock Sale 17 55.69
Common Stock Sale 20 55.66
Common Stock Sale 24 55.05
Common Stock Sale 25 55.76
Common Stock Sale 27 55.45
Common Stock Sale 28 55.82
Common Stock Sale 31 54.78
Common Stock Sale 31 55.72
Common Stock Sale 35 54.76
Common Stock Sale 35 54.95
Common Stock Sale 35 54.98
Common Stock Sale 35 55.88
Common Stock Sale 38 55.32
Common Stock Sale 40 55.25
Common Stock Sale 40 55.29
Common Stock Sale 41 55.10
Common Stock Sale 41 55.83
Common Stock Sale 41 55.88
Common Stock Sale 41 55.90
Common Stock Sale 41 55.91
Common Stock Sale 42 55.12
Common Stock Sale 42 55.18
Common Stock Sale 42 55.89
Common Stock Sale 43 55.86
Common Stock Sale 44 55.27
Common Stock Sale 44 55.87
Common Stock Sale 47 55.87
Common Stock Sale 51 54.76
Common Stock Sale 56 54.73
Common Stock Sale 62 54.77
Common Stock Sale 75 55.91
Common Stock Sale 77 54.98
Common Stock Sale 79 54.89
Common Stock Sale 81 54.84
Common Stock Sale 88 55.31
Common Stock Sale 90 55.18
Common Stock Sale 100 55.08
Common Stock Sale 100 55.16
Common Stock Sale 100 55.31
Common Stock Sale 100 55.34
Common Stock Sale 100 55.37
Common Stock Sale 100 55.38
Common Stock Sale 100 55.41
Common Stock Sale 100 55.45
Common Stock Sale 100 55.47
Common Stock Sale 100 55.48
Common Stock Sale 100 55.50
Common Stock Sale 100 55.55
Common Stock Sale 100 55.56
Common Stock Sale 100 55.58
Common Stock Sale 100 55.61
Common Stock Sale 100 55.62
Common Stock Sale 100 55.70
Common Stock Sale 100 55.72
Common Stock Sale 100 55.73
Common Stock Sale 100 55.80
Common Stock Sale 100 55.80
Common Stock Sale 100 55.88
Common Stock Sale 105 55.27
Common Stock Sale 112 55.01
Common Stock Sale 112 55.83
Common Stock Sale 113 54.93
Common Stock Sale 114 55.52
Common Stock Sale 117 55.22
Common Stock Sale 117 55.41
Common Stock Sale 121 55.38
Common Stock Sale 127 55.90
Common Stock Sale 133 55.62
Common Stock Sale 133 55.66
Common Stock Sale 134 55.48
Common Stock Sale 134 55.54
Common Stock Sale 135 55.12
Common Stock Sale 135 55.59
Common Stock Sale 145 54.82
Common Stock Sale 145 54.96
Common Stock Sale 153 54.87
Common Stock Sale 155 55.30
Common Stock Sale 168 55.87
Common Stock Sale 174 54.94
Common Stock Sale 180 55.85
Common Stock Sale 200 54.66
Common Stock Sale 200 54.86
Common Stock Sale 200 55.51
Common Stock Sale 200 55.55
Common Stock Sale 200 55.65
Common Stock Sale 200 55.81
Common Stock Sale 200 55.84
Common Stock Sale 208 55.21
Common Stock Sale 213 55.09
Common Stock Sale 219 54.93
Common Stock Sale 234 54.78
Common Stock Sale 245 54.79
Common Stock Sale 259 55.88
Common Stock Sale 263 54.81
Common Stock Sale 263 55.11
Common Stock Sale 275 55.59
Common Stock Sale 283 55.00
Common Stock Sale 290 54.86
Common Stock Sale 300 54.85
Common Stock Sale 300 55.70
Common Stock Sale 322 55.44
Common Stock Sale 327 54.79
Common Stock Sale 338 54.93
Common Stock Sale 340 55.77
Common Stock Sale 386 55.31
Common Stock Sale 400 55.77
Common Stock Sale 435 55.75
Common Stock Sale 450 54.96
Common Stock Sale 478 55.76
Common Stock Sale 479 55.38
Common Stock Sale 489 55.63
Common Stock Sale 570 55.10
Common Stock Sale 600 54.71
Common Stock Sale 600 54.84
Common Stock Sale 652 55.93
Common Stock Sale 686 54.72
Common Stock Sale 700 54.82
Common Stock Sale 707 55.92
Common Stock Sale 752 55.01
Common Stock Sale 825 54.78
Common Stock Sale 833 55.35
Common Stock Sale 848 55.27
Common Stock Sale 876 55.19
Common Stock Sale 883 55.30
Common Stock Sale 900 55.78
Common Stock Sale 900 55.87
Common Stock Sale 907 55.23
Common Stock Sale 974 55.20
Common Stock Sale 1000 55.28
Common Stock Sale 1073 55.14
Common Stock Sale 1100 55.80
Common Stock Sale 1198 55.26
Common Stock Sale 1249 55.18
Common Stock Sale 1298 55.84
Common Stock Sale 1315 55.02
Common Stock Sale 1519 54.98
Common Stock Sale 1527 55.17
Common Stock Sale 1647 55.24
Common Stock Sale 1648 55.32
Common Stock Sale 1679 55.25
Common Stock Sale 1682 55.11
Common Stock Sale 1699 55.56
Common Stock Sale 1759 54.99
Common Stock Sale 1774 55.16
Common Stock Sale 1798 55.04
Common Stock Sale 1846 55.03
Common Stock Sale 1862 54.95
Common Stock Sale 1969 54.97
Common Stock Sale 2053 55.91
Common Stock Sale 2064 55.87
Common Stock Sale 2145 55.05
Common Stock Sale 2194 55.90
Common Stock Sale 2209 55.82
Common Stock Sale 2243 55.39
Common Stock Sale 2267 55.00
Common Stock Sale 2308 55.37
Common Stock Sale 2454 55.88
Common Stock Sale 2462 55.85
Common Stock Sale 2592 55.09
Common Stock Sale 2596 55.12
Common Stock Sale 2649 55.57
Common Stock Sale 2709 55.15
Common Stock Sale 2781 55.33
Common Stock Sale 2876 55.13
Common Stock Sale 2890 55.40
Common Stock Sale 2899 55.06
Common Stock Sale 2971 55.52
Common Stock Sale 3023 55.34
Common Stock Sale 3180 55.73
Common Stock Sale 3197 55.86
Common Stock Sale 3273 55.89
Common Stock Sale 3318 55.68
Common Stock Sale 3355 55.07
Common Stock Sale 3355 55.71
Common Stock Sale 3482 55.45
Common Stock Sale 3515 55.61
Common Stock Sale 3570 55.64
Common Stock Sale 3640 55.67
Common Stock Sale 3665 55.36
Common Stock Sale 3735 55.47
Common Stock Sale 3786 55.72
Common Stock Sale 4025 55.51
Common Stock Sale 4236 55.65
Common Stock Sale 4319 55.55
Common Stock Sale 4579 55.77
Common Stock Sale 4611 55.08
Common Stock Sale 4719 55.41
Common Stock Sale 4742 55.70
Common Stock Sale 4960 55.46
Common Stock Sale 5189 55.48
Common Stock Sale 5204 55.75
Common Stock Sale 5232 55.80
Common Stock Sale 5272 55.42
Common Stock Sale 5352 55.66
Common Stock Sale 5419 55.62
Common Stock Sale 5539 55.76
Common Stock Sale 5649 55.43
Common Stock Sale 5674 55.53
Common Stock Sale 5707 55.79
Common Stock Sale 5969 55.74
Common Stock Sale 6027 55.50
Common Stock Sale 6118 55.60
Common Stock Sale 6145 55.59
Common Stock Sale 6366 55.81
Common Stock Sale 6449 55.44
Common Stock Sale 7033 55.58
Common Stock Sale 7103 55.69
Common Stock Sale 7861 55.54
Common Stock Sale 7885 55.49
Common Stock Sale 9207 55.78
Common Stock Sale 9793 55.63
Common Stock Sale 14174 55.79
Common Stock Sale 15700 54.57
Common Stock Sale 206639 55.83
Common Stock Purchase 5 55.01
Common Stock Purchase 7 55.36
Common Stock Purchase 19 55.82
Common Stock Purchase 21 55.55
Common Stock Purchase 21 55.87
Common Stock Purchase 23 55.81
Common Stock Purchase 24 55.76
Common Stock Purchase 27 55.60
Common Stock Purchase 29 55.89
Common Stock Purchase 30 55.62
Common Stock Purchase 30 55.67
Common Stock Purchase 34 55.05
Common Stock Purchase 34 55.08
Common Stock Purchase 35 55.22
Common Stock Purchase 38 55.65
Common Stock Purchase 41 55.69
Common Stock Purchase 78 55.53
Common Stock Purchase 79 55.04
Common Stock Purchase 79 55.13
Common Stock Purchase 80 55.24
Common Stock Purchase 91 55.21
Common Stock Purchase 92 54.59
Common Stock Purchase 100 55.52
Common Stock Purchase 156 55.14
Common Stock Purchase 178 55.51
Common Stock Purchase 200 55.41
Common Stock Purchase 200 55.51
Common Stock Purchase 202 55.79
Common Stock Purchase 208 55.44
Common Stock Purchase 315 54.60
Common Stock Purchase 603 54.57
Common Stock Purchase 896 55.07
Common Stock Purchase 8800 55.83
(b) Cash-settled derivative transactions
Class of relevant security Product description Nature of dealing Number of securities Exercise price per unit (USD)
e.g. call option
e.g. opening/closing a long/short position, increasing/reducing a long/short
position
(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 (USD) Type Expiry date Option money paid/ received per unit
e.g. American, European etc.
(ii) Exercise
Class of relevant security Product description Exercising/ exercised against Number of securities Exercise price per unit
e.g. call option
0 0 0 0
0
(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
0 0 0
0
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: 04-02-2025
Contact name: Janice Falcao
Telephone number: 00442033140679
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
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.thetakeoverpanel.org.uk%2F&esheet=54199458&newsitemid=20250204938102&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=1&md5=76f38b3c05f9ca0ee87e98aac49ce98d)
.
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: Qube Research & Technologies Limited
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 Option IP US 06/20/25 C52.5 Equity Purchase 2,000 USD 52.5 American 06/20/25
Common Stock Call Option IP US 04/17/25 C47.5 Equity Purchase 1,000 USD 47.5 American 04/17/25
Common Stock Call Option IP US 10/17/25 C42.5 Equity Purchase 700 USD 42.5 American 10/17/25
Common Stock Call Option IP US 04/17/25 C52.5 Equity Purchase 600 USD 52.5 American 04/17/25
Common Stock Call Option IP US 09/19/25 C42.5 Equity Purchase 600 USD 42.5 American 09/19/25
Common Stock Call Option IP US 10/17/25 C55 Equity Purchase 500 USD 55 American 10/17/25
Common Stock Call Option IP US 01/16/26 C50 Equity Purchase 500 USD 50 American 01/16/26
Common Stock Call Option IP US 01/16/26 C60 Equity Purchase 300 USD 60 American 01/16/26
Common Stock Call Option IP US 06/20/25 C50 Equity Purchase 300 USD 50 American 06/20/25
Common Stock Call Option IP US 04/17/25 C50 Equity Purchase 200 USD 50 American 04/17/25
Common Stock Put Option IP US 04/17/25 P45 Equity Written 300 USD 45 American 04/17/25
Common Stock Put Option IP US 04/17/25 P47.5 Equity Written 2,400 USD 47.5 American 04/17/25
Common Stock Put Option IP US 01/16/26 P42.5 Equity Written 4,600 USD 42.5 American 01/16/26
Common Stock Call Option IP US 09/19/25 C47.5 Equity Purchase 100 USD 47.5 American 09/19/25
Common Stock Call Option IP US 06/20/25 C45 Equity Purchase 100 USD 45 American 06/20/25
Common Stock Call Option IP US 10/17/25 C50 Equity Purchase 100 USD 50 American 10/17/25
Common Stock Call Option IP US 06/20/25 C47.5 Equity Purchase 100 USD 47.5 American 06/20/25
Common Stock Put Option IP US 02/21/25 P52.5 Equity Written 200 USD 52.5 American 02/21/25
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&esheet=54199458&newsitemid=20250204938102&lan=en-US&anchor=www.thetakeoverpanel.org.uk&index=2&md5=bd198d8678a5d3a09b6a61cb77edc55d)
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