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 relates:
Use a separate form for each offeror/offeree
International Paper Company
(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:
For an opening position disclosure, state the latest practicable date prior to the disclosure
19-11-2024
(f)In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state "N/A"
Yes - DS Smith plc
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
7,036,907
2.02
(2)Cash-settled derivatives:
0
0.0
0
0.0
(3)Stock-settled derivatives (including options) and agreements to purchase/sell:
10,400
0.003
9,000
0.002
TOTAL:
10,400
0.003
7,045,907
2.02
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
9
57.47
Common Stock
Sale
20
57.38
Common Stock
Sale
20
57.56
Common Stock
Sale
22
56.95
Common Stock
Sale
28
57.58
Common Stock
Sale
31
57.05
Common Stock
Sale
37
57.75
Common Stock
Sale
40
57.99
Common Stock
Sale
41
57.60
Common Stock
Sale
43
56.93
Common Stock
Sale
43
57.66
Common Stock
Sale
48
57.43
Common Stock
Sale
54
56.91
Common Stock
Sale
60
57.36
Common Stock
Sale
62
57.80
Common Stock
Sale
70
57.53
Common Stock
Sale
78
57.11
Common Stock
Sale
87
57.14
Common Stock
Sale
95
56.87
Common Stock
Sale
99
57.17
Common Stock
Sale
100
56.89
Common Stock
Sale
100
57.32
Common Stock
Sale
100
57.37
Common Stock
Sale
100
57.59
Common Stock
Sale
100
57.63
Common Stock
Sale
100
57.83
Common Stock
Sale
100
57.91
Common Stock
Sale
101
57.08
Common Stock
Sale
103
57.84
Common Stock
Sale
107
56.99
Common Stock
Sale
108
57.95
Common Stock
Sale
112
57.69
Common Stock
Sale
116
57.12
Common Stock
Sale
118
57.48
Common Stock
Sale
120
57.52
Common Stock
Sale
125
57.67
Common Stock
Sale
139
56.86
Common Stock
Sale
139
57.72
Common Stock
Sale
142
57.70
Common Stock
Sale
148
57.19
Common Stock
Sale
150
57.61
Common Stock
Sale
161
57.20
Common Stock
Sale
163
57.71
Common Stock
Sale
168
57.02
Common Stock
Sale
168
57.18
Common Stock
Sale
169
56.81
Common Stock
Sale
171
57.35
Common Stock
Sale
188
57.10
Common Stock
Sale
200
57.34
Common Stock
Sale
200
57.54
Common Stock
Sale
200
57.88
Common Stock
Sale
220
57.50
Common Stock
Sale
220
57.97
Common Stock
Sale
223
57.65
Common Stock
Sale
225
57.03
Common Stock
Sale
226
57.49
Common Stock
Sale
231
57.80
Common Stock
Sale
241
56.98
Common Stock
Sale
242
56.97
Common Stock
Sale
258
57.62
Common Stock
Sale
268
57.09
Common Stock
Sale
270
57.46
Common Stock
Sale
290
57.16
Common Stock
Sale
301
57.68
Common Stock
Sale
350
57.13
Common Stock
Sale
362
57.04
Common Stock
Sale
379
57.01
Common Stock
Sale
400
57.15
Common Stock
Sale
430
57.27
Common Stock
Sale
438
57.55
Common Stock
Sale
442
57.64
Common Stock
Sale
518
57.66
Common Stock
Sale
544
57.77
Common Stock
Sale
609
57.33
Common Stock
Sale
642
57.98
Common Stock
Sale
643
57.74
Common Stock
Sale
700
56.88
Common Stock
Sale
701
57.95
Common Stock
Sale
714
57.79
Common Stock
Sale
746
57.78
Common Stock
Sale
760
57.86
Common Stock
Sale
816
57.91
Common Stock
Sale
943
57.85
Common Stock
Sale
993
57.76
Common Stock
Sale
998
57.75
Common Stock
Sale
1151
57.72
Common Stock
Sale
1194
57.82
Common Stock
Sale
1244
57.73
Common Stock
Sale
1340
57.92
Common Stock
Sale
1399
57.81
Common Stock
Sale
1656
57.97
Common Stock
Sale
1778
57.88
Common Stock
Sale
1875
57.87
Common Stock
Sale
2100
57.93
Common Stock
Sale
2273
57.96
Common Stock
Sale
2736
57.90
Common Stock
Sale
2796
57.83
Common Stock
Sale
2894
57.95
Common Stock
Sale
3049
57.89
Common Stock
Sale
3315
57.94
Common Stock
Sale
26622
57.84
Common Stock
Purchase
1
56.84
Common Stock
Purchase
1
56.90
Common Stock
Purchase
1
56.90
Common Stock
Purchase
1
56.98
Common Stock
Purchase
1
56.99
Common Stock
Purchase
1
57.00
Common Stock
Purchase
1
57.09
Common Stock
Purchase
1
57.11
Common Stock
Purchase
1
57.18
Common Stock
Purchase
1
57.20
Common Stock
Purchase
1
57.34
Common Stock
Purchase
1
57.34
Common Stock
Purchase
1
57.45
Common Stock
Purchase
1
57.53
Common Stock
Purchase
1
57.67
Common Stock
Purchase
1
57.73
Common Stock
Purchase
1
57.90
Common Stock
Purchase
1
57.94
Common Stock
Purchase
1
57.95
Common Stock
Purchase
1
57.96
Common Stock
Purchase
2
57.34
Common Stock
Purchase
2
57.41
Common Stock
Purchase
2
57.96
Common Stock
Purchase
3
57.56
Common Stock
Purchase
3
57.58
Common Stock
Purchase
3
57.58
Common Stock
Purchase
3
57.61
Common Stock
Purchase
3
57.69
Common Stock
Purchase
3
57.83
Common Stock
Purchase
3
57.87
Common Stock
Purchase
3
57.91
Common Stock
Purchase
3
57.94
Common Stock
Purchase
4
57.89
Common Stock
Purchase
4
57.89
Common Stock
Purchase
4
57.90
Common Stock
Purchase
4
57.92
Common Stock
Purchase
4
57.95
Common Stock
Purchase
5
57.14
Common Stock
Purchase
5
57.16
Common Stock
Purchase
5
57.22
Common Stock
Purchase
5
57.77
Common Stock
Purchase
5
57.93
Common Stock
Purchase
9
57.39
Common Stock
Purchase
9
57.67
Common Stock
Purchase
10
56.83
Common Stock
Purchase
10
57.26
Common Stock
Purchase
10
57.41
Common Stock
Purchase
10
57.66
Common Stock
Purchase
10
57.73
Common Stock
Purchase
10
57.95
Common Stock
Purchase
12
57.17
Common Stock
Purchase
13
57.90
Common Stock
Purchase
15
57.91
Common Stock
Purchase
17
57.94
Common Stock
Purchase
18
57.56
Common Stock
Purchase
18
57.83
Common Stock
Purchase
20
56.81
Common Stock
Purchase
20
57.90
Common Stock
Purchase
20
57.91
Common Stock
Purchase
22
57.53
Common Stock
Purchase
23
57.88
Common Stock
Purchase
25
57.69
Common Stock
Purchase
27
57.95
Common Stock
Purchase
28
57.00
Common Stock
Purchase
34
57.79
Common Stock
Purchase
35
57.15
Common Stock
Purchase
35
57.70
Common Stock
Purchase
36
57.35
Common Stock
Purchase
37
57.94
Common Stock
Purchase
40
57.59
Common Stock
Purchase
40
57.87
Common Stock
Purchase
42
57.38
Common Stock
Purchase
43
57.85
Common Stock
Purchase
45
57.34
Common Stock
Purchase
54
57.64
Common Stock
Purchase
57
57.10
Common Stock
Purchase
72
57.60
Common Stock
Purchase
86
56.93
Common Stock
Purchase
91
57.28
Common Stock
Purchase
93
57.18
Common Stock
Purchase
100
56.80
Common Stock
Purchase
100
56.99
Common Stock
Purchase
100
57.04
Common Stock
Purchase
100
57.08
Common Stock
Purchase
100
57.46
Common Stock
Purchase
100
57.63
Common Stock
Purchase
100
57.78
Common Stock
Purchase
100
57.84
Common Stock
Purchase
100
57.89
Common Stock
Purchase
100
57.94
Common Stock
Purchase
100
57.97
Common Stock
Purchase
108
57.37
Common Stock
Purchase
110
57.09
Common Stock
Purchase
110
57.20
Common Stock
Purchase
110
57.52
Common Stock
Purchase
112
57.74
Common Stock
Purchase
115
57.19
Common Stock
Purchase
120
57.86
Common Stock
Purchase
130
56.95
Common Stock
Purchase
132
57.29
Common Stock
Purchase
133
57.13
Common Stock
Purchase
150
56.94
Common Stock
Purchase
162
56.91
Common Stock
Purchase
170
57.93
Common Stock
Purchase
183
57.40
Common Stock
Purchase
209
57.72
Common Stock
Purchase
252
57.75
Common Stock
Purchase
282
57.92
Common Stock
Purchase
569
57.81
Common Stock
Purchase
1460
56.90
Common Stock
Purchase
1585
57.84
(b)Cash-settled derivative transactions
Class of relevant security
Product description
e.g. call option
Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position
(d)Other dealings (including subscribing for new securities)
Class of relevant security
Nature of dealing
e.g. subscription, conversion
Details
Price per unit (if applicable)
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:
20-11-2024
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.
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 disclosure relates:
International Paper Company
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
e.g. American, European etc.
Expiry date
Common Stock
Call option IP US 01/17/25 C55 Equity
Written
500
USD 55
American
01/17/25
Common Stock
Call option IP US 12/20/24 C55 Equity
Written
600
USD 55
American
12/20/24
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 01/17/25 C47.5 Equity
Purchase
200
USD 47.5
American
01/17/25
Common Stock
Put option IP US 04/17/25 P45 Equity
Written
300
USD 45
American
04/17/25
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 10/17/25 C55 Equity
Purchase
500
USD 55
American
10/17/25
Common Stock
Call option IP US 06/20/25 C52.5 Equity
Purchase
2,000
USD 52.5
American
06/20/25
Common Stock
Put option IP US 12/20/24 P57.5 Equity
Purchase
3,200
USD 57.5
American
12/20/24
Common Stock
Put option IP US 01/17/25 P47.5 Equity
Written
400
USD 47.5
American
01/17/25
Common Stock
Call option IP US 09/19/25 C42.5 Equity
Purchase
600
USD 42.5
American
09/19/25
Common Stock
Put option IP US 04/17/25 P47.5 Equity
Written
2,400
USD 47.5
American
04/17/25
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 10/17/25 C42.5 Equity
Purchase
700
USD 42.5
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 12/20/24 C50 Equity
Purchase
300
USD 50
American
12/20/24
Common Stock
Call option IP US 01/17/25 C60 Equity
Written
200
USD 60
American
01/17/25
Common Stock
Call option IP US 04/17/25 C50 Equity
Purchase
200
USD 50
American
04/17/25
Common Stock
Call option IP US 04/17/25 C52.5 Equity
Purchase
600
USD 52.5
American
04/17/25
Common Stock
Put option IP US 01/16/26 P42.5 Equity
Written
4,600
USD 42.5
American
01/16/26
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.