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’)
KEY INFORMATION
(a) Full name of discloser: Kite Lake Capital Management (UK) LLP
(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
6 January 2025
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 |
| — | — |
| ISIN: | US4601461035 |
| Interests | 2,084,670 |
| Short positions | 0.60% |
| Number | 2,084,670 |
(1) Relevant securities owned and/or controlled:
- No details to provide
- Cash-settled derivatives:
2,084,670 (0.60%)
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:
TOTAL: 2,084,670 (0.60%)
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 |
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.
(a) Purchases and sales
| Class of relevant security | Purchase/sale |
| — | — |
| Number of securities | Price per unit |
(b) Cash-settled derivative transactions
| Class of relevant security | Product description e.g. CFD | Number of units | Price per unit |
| — | — | — | — |
| Common stock | | 2,084,670 | $47.81 |
(c) Stock-settled derivative transactions (including options)
| Class of relevant security | Product description e.g. call option | Number of units | Exercise price per unit | Expiration date |
| — | — | — | — | — |
| Common stock | | | $47.81 | 23/02/2025 |
(d) Stock lending transactions
| Class of relevant security | Borrower | Lender | Number of units lent | Number of units borrowed |
| — | — | — | — | — |
| Common stock | | | 2,084,670 | |
OTHER INFORMATION
(a) Irrevocable commitments and contingent liabilities
None.
(b) Other dealing
None.
(c) Unsecured borrowings and (if an individual) third party loans
None.
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
Is a Supplemental Form 8 (Open Positions) attached? No
DATE OF DISCLOSURE: 7 January 2025
CONTACT NAME:
Art Markham
