LONDON--(BUSINESS WIRE)--
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: | Balyasny Asset 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 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 | 06/12/2024 |
(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 ISIN: US4601461035 | |||
Interests | Short positions | |||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 2,858,037 | 0.82 | 1,471,389 | 0.42 |
(2) Cash-settled derivatives: | ||||
(3) Stock-settled derivatives (including options) and agreements to purchase/sell: | 230,100 | 0.06 | ||
TOTAL: | 2,858,037 | 0.82 | 1,701,489 | 0.48 |
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 |
$ Common Stock | Sale | 1,254USD 56.36 | |
$ Common Stock | Sale | 1,166USD 56.37 | |
$ Common Stock | Purchase | 875USD 56.38 | |
$ Common Stock | Sale | 864USD 56.38 | |
$ Common Stock | Sale | 100USD 56.38 | |
$ Common Stock | Sale | 1,237USD 56.38 | |
$ Common Stock | Sale | 537USD 56.38 | |
$ Common Stock | Sale | 800USD 56.38 | |
$ Common Stock | Sale | 2,447USD 56.38 | |
$ Common Stock | Sale | 9USD 56.43 | |
$ Common Stock | Sale | 1,460USD 56.43 | |
$ Common Stock | Sale | 2,377USD 56.43 | |
$ Common Stock | Sale | 1,272USD 56.43 | |
$ Common Stock | Sale | 600USD 56.44 | |
$ Common Stock | Sale | 1,500USD 56.44 | |
$ Common Stock | Sale | 1,159USD 56.45 | |
$ Common Stock | Sale | 1,320USD 56.46 | |
$ Common Stock | Purchase | 200USD 56.47 | |
$ Common Stock | Sale | 2,918USD 56.47 | |
$ Common Stock | Purchase | 15,000USD 56.48 | |
$ Common Stock | Sale | 1,604USD 56.48 | |
$ Common Stock | Sale | 1,000USD 56.49 | |
$ Common Stock | Sale | 1,835USD 56.49 | |
$ Common Stock | Sale | 1,591USD 56.49 | |
$ Common Stock | Sale | 599USD 56.49 | |
$ Common Stock | Sale | 400USD 56.50 | |
$ Common Stock | Purchase | 15,707USD 56.51 | |
$ Common Stock | Sale | 238USD 56.51 | |
$ Common Stock | Sale | 1,539USD 56.51 | |
$ Common Stock | Sale | 796USD 56.51 | |
$ Common Stock | Sale | 1,849USD 56.51 | |
$ Common Stock | Purchase | 793USD 56.52 | |
$ Common Stock | Sale | 212USD 56.52 | |
$ Common Stock | Sale | 452USD 56.52 | |
$ Common Stock | Purchase | 37USD 56.53 | |
$ Common Stock | Sale | 700USD 56.53 | |
$ Common Stock | Sale | 16,964USD 56.53 | |
$ Common Stock | Purchase | 84USD 56.54 | |
$ Common Stock | Purchase | 145USD 56.54 | |
$ Common Stock | Purchase | 43USD 56.54 | |
$ Common Stock | Purchase | 1,664USD 56.54 | |
$ Common Stock | Sale | 461USD 56.54 | |
$ Common Stock | Sale | 1,750USD 56.54 | |
$ Common Stock | Sale | 661USD 56.54 | |
$ Common Stock | Sale | 400USD 56.54 | |
$ Common Stock | Sale | 2,445USD 56.54 | |
$ Common Stock | Purchase | 291USD 56.55 | |
$ Common Stock | Purchase | 20USD 56.55 | |
$ Common Stock | Sale | 1,304USD 56.55 | |
$ Common Stock | Sale | 2,200USD 56.55 | |
$ Common Stock | Purchase | 145USD 56.56 | |
$ Common Stock | Sale | 4,962USD 56.56 | |
$ Common Stock | Sale | 2,004USD 56.56 | |
$ Common Stock | Purchase | 229USD 56.57 | |
$ Common Stock | Purchase | 794USD 56.57 | |
$ Common Stock | Purchase | 164USD 56.57 | |
$ Common Stock | Purchase | 301USD 56.57 | |
$ Common Stock | Sale | 1,400USD 56.57 | |
$ Common Stock | Purchase | 13USD 56.58 | |
$ Common Stock | Purchase | 145USD 56.58 | |
$ Common Stock | Purchase | 3USD 56.58 | |
$ Common Stock | Sale | 134USD 56.58 | |
$ Common Stock | Sale | 364USD 56.58 | |
$ Common Stock | Sale | 122USD 56.59 | |
$ Common Stock | Sale | 166USD 56.59 | |
$ Common Stock | Purchase | 366USD 56.60 | |
$ Common Stock | Purchase | 1,282USD 56.60 | |
$ Common Stock | Purchase | 10USD 56.60 | |
$ Common Stock | Purchase | 44USD 56.61 | |
$ Common Stock | Sale | 36USD 56.61 | |
$ Common Stock | Purchase | 17,486USD 56.62 | |
$ Common Stock | Purchase | 181USD 56.65 | |
$ Common Stock | Purchase | 4,793USD 56.66 | |
$ Common Stock | Purchase | 4,947USD 56.66 | |
$ Common Stock | Sale | 3,300USD 56.66 | |
$ Common Stock | Purchase | 3,033USD 56.67 | |
$ Common Stock | Sale | 6USD 56.68 | |
$ Common Stock | Purchase | 100USD 56.70 | |
$ Common Stock | Purchase | 877USD 56.73 | |
$ Common Stock | Sale | 177USD 56.74 | |
$ Common Stock | Purchase | 1,034USD 56.76 | |
$ Common Stock | Sale | 7,600USD 56.77 | |
$ Common Stock | Purchase | 3,100USD 56.78 | |
$ Common Stock | Purchase | 194USD 56.78 | |
$ Common Stock | Sale | 122USD 56.78 | |
$ Common Stock | Sale | 19,305USD 56.78 | |
$ Common Stock | Purchase | 250USD 57.00 |
(b) Cash-settled derivative transactions
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
(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 e.g. American, European etc. | Expiry date | Option money paid/ received per unit |
$ Common Stock | Call option | Writing | 50,000 | USD 58 | American | 13/12/2024 | USD 0.2 |
(ii) Exercise
Class of relevant security | Product description e.g. call option | Exercising/ exercised against | Number of securities | Exercise price per unit |
(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) |
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: | 09/12/2024 |
Contact name: | Jack Satt |
Telephone number*: | +44 208 164 3693 |
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.
*If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel's Market Surveillance Unit.
The Code can be viewed on the Panel's website at .
SUPPLEMENTAL FORM 8 (OPEN POSITIONS)
DETAILS OF OPEN STOCK-SETTLED DERIVATIVE (INCLUDING OPTION) POSITIONS, AGREEMENTS TO PURCHASE OR SALE ETC.
Note 5(i) on Rule 8 of the Takeover Code (the "Code")
1. KEY INFORMATION
Full name of person making disclosure: | Balyasny Asset Management LP |
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 | Put Option | Purchased | 150,000USD 52.5 | American | 16/01/2026 | |
$ common stock | Put Option | Purchased | 30,100USD 55 | American | 16/01/2026 | |
$ common stock | Call Option | Written | 50,000USD 58 | American | 13/12/2024 |
3. AGREEMENTS TO PURCHASE OR SALE 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 .
Contacts
Balyasny Asset Management LP
