BNP Paribas

Transaction in Own Shares • Dec 18, 2024

National Storage Mechanism | Additional information

RNS Number : 6154Q

BNP Paribas London

18 December 2024

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:	BNP Paribas SA
(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	17/12/2024
(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: Smith (DS) 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:	US4601461035 (common stock)

	Interests	Short Positions

	Number	%	Number	%
(1) Relevant securities owned and/or controlled:	3,819,312	1.10	-2,962,318	-.85
(2) Cash-settled derivatives:	943,860	.27	-5,443,130	-1.57
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	1,958,700	.56	-2,443,200	-.70
TOTAL:	6,721,872	1.94	-10,848,648	-3.12

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
US4601461035	Purchase	1	55.2040 USD
US4601461035	Purchase	1	55.2112 USD
US4601461035	Purchase	1	55.2352 USD
US4601461035	Purchase	1	55.2400 USD
US4601461035	Purchase	1	55.2553 USD
US4601461035	Purchase	1	55.2576 USD
US4601461035	Purchase	1	55.2591 USD
US4601461035	Purchase	1	55.2652 USD
US4601461035	Purchase	1	55.2930 USD
US4601461035	Purchase	1	55.3079 USD
US4601461035	Purchase	1	55.3084 USD
US4601461035	Purchase	1	55.3101 USD
US4601461035	Purchase	1	55.3169 USD
US4601461035	Purchase	1	55.3192 USD
US4601461035	Purchase	1	55.3295 USD
US4601461035	Purchase	1	55.3448 USD
US4601461035	Purchase	1	55.3459 USD
US4601461035	Purchase	1	55.3471 USD
US4601461035	Purchase	1	55.3507 USD
US4601461035	Purchase	1	55.3515 USD
US4601461035	Purchase	1	55.3518 USD
US4601461035	Purchase	1	55.3536 USD
US4601461035	Purchase	1	55.3565 USD
US4601461035	Purchase	1	55.3567 USD
US4601461035	Purchase	1	55.3582 USD
US4601461035	Purchase	1	55.3615 USD
US4601461035	Purchase	1	55.3684 USD
US4601461035	Purchase	1	55.3684 USD
US4601461035	Purchase	1	55.5298 USD
US4601461035	Purchase	1	55.5300 USD
US4601461035	Purchase	1	55.5300 USD
US4601461035	Purchase	1	55.5400 USD
US4601461035	Purchase	2	55.2750 USD
US4601461035	Purchase	2	55.3442 USD
US4601461035	Purchase	2	55.3499 USD
US4601461035	Purchase	2	55.4644 USD
US4601461035	Purchase	3	55.2400 USD
US4601461035	Purchase	3	55.5100 USD
US4601461035	Purchase	4	55.5143 USD
US4601461035	Purchase	6	55.4868 USD
US4601461035	Purchase	7	55.2400 USD
US4601461035	Purchase	8	55.2400 USD
US4601461035	Purchase	8	55.5295 USD
US4601461035	Purchase	8	55.5400 USD
US4601461035	Purchase	9	55.5400 USD
US4601461035	Purchase	10	55.5295 USD
US4601461035	Purchase	13	55.4279 USD
US4601461035	Purchase	14	55.2400 USD
US4601461035	Purchase	14	55.5200 USD
US4601461035	Purchase	19	55.2400 USD
US4601461035	Purchase	20	55.1600 USD
US4601461035	Purchase	20	55.3400 USD
US4601461035	Purchase	20	55.3900 USD
US4601461035	Purchase	20	55.4200 USD
US4601461035	Purchase	20	55.5400 USD
US4601461035	Purchase	21	55.2400 USD
US4601461035	Purchase	30	55.5400 USD
US4601461035	Purchase	40	55.2400 USD
US4601461035	Purchase	40	55.5400 USD
US4601461035	Purchase	100	55.2400 USD
US4601461035	Purchase	100	55.2400 USD
US4601461035	Purchase	106	55.2400 USD
US4601461035	Purchase	134	55.2400 USD
US4601461035	Purchase	265	55.2400 USD
US4601461035	Purchase	331	55.2400 USD
US4601461035	Purchase	400	55.2400 USD
US4601461035	Purchase	400	55.2400 USD
US4601461035	Purchase	400	55.2400 USD
US4601461035	Purchase	434	55.2400 USD
US4601461035	Purchase	442	55.2400 USD
US4601461035	Purchase	694	55.2400 USD
US4601461035	Purchase	700	55.2400 USD
US4601461035	Purchase	800	55.2400 USD
US4601461035	Purchase	800	55.2400 USD
US4601461035	Purchase	1,072	55.2400 USD
US4601461035	Purchase	2,018	55.2400 USD
US4601461035	Purchase	5,100	55.2400 USD
US4601461035	Purchase	5,200	55.2400 USD
US4601461035	Purchase	11,832	55.2400 USD
US4601461035	Purchase	11,832	55.2400 USD
US4601461035	Sale	-11,832	55.2400 USD
US4601461035	Sale	-11,685	55.2400 USD
US4601461035	Sale	-3,690	55.2400 USD
US4601461035	Sale	-2,219	55.2400 USD
US4601461035	Sale	-1,457	55.3115 USD
US4601461035	Sale	-124	55.2400 USD
US4601461035	Sale	-38	55.3600 USD
US4601461035	Sale	-34	55.5800 USD
US4601461035	Sale	-20	55.2100 USD
US4601461035	Sale	-20	55.2700 USD
US4601461035	Sale	-20	55.2700 USD
US4601461035	Sale	-20	55.2900 USD
US4601461035	Sale	-20	55.3100 USD
US4601461035	Sale	-20	55.3200 USD
US4601461035	Sale	-20	55.3300 USD
US4601461035	Sale	-20	55.3300 USD
US4601461035	Sale	-20	55.3300 USD
US4601461035	Sale	-20	55.3500 USD
US4601461035	Sale	-20	55.3600 USD
US4601461035	Sale	-20	55.4400 USD
US4601461035	Sale	-20	55.4700 USD
US4601461035	Sale	-20	55.4800 USD
US4601461035	Sale	-20	55.5300 USD
US4601461035	Sale	-20	55.5400 USD
US4601461035	Sale	-20	55.5400 USD
US4601461035	Sale	-20	55.5500 USD
US4601461035	Sale	-20	55.5600 USD
US4601461035	Sale	-20	55.5600 USD
US4601461035	Sale	-20	55.5600 USD
US4601461035	Sale	-20	55.5700 USD
US4601461035	Sale	-19	55.2400 USD
US4601461035	Sale	-19	55.3600 USD
US4601461035	Sale	-18	55.1850 USD
US4601461035	Sale	-18	55.3700 USD
US4601461035	Sale	-16	55.1600 USD
US4601461035	Sale	-15	55.1600 USD
US4601461035	Sale	-13	55.4279 USD
US4601461035	Sale	-10	55.2200 USD
US4601461035	Sale	-10	55.5295 USD
US4601461035	Sale	-8	55.5295 USD
US4601461035	Sale	-8	55.5400 USD
US4601461035	Sale	-6	55.4868 USD
US4601461035	Sale	-5	55.1500 USD
US4601461035	Sale	-4	55.1600 USD
US4601461035	Sale	-4	55.2400 USD
US4601461035	Sale	-4	55.2800 USD
US4601461035	Sale	-4	55.2946 USD
US4601461035	Sale	-4	55.5143 USD
US4601461035	Sale	-3	55.5673 USD
US4601461035	Sale	-2	55.2750 USD
US4601461035	Sale	-2	55.3442 USD
US4601461035	Sale	-2	55.3499 USD
US4601461035	Sale	-2	55.4644 USD
US4601461035	Sale	-2	55.6688 USD
US4601461035	Sale	-1	55.1660 USD
US4601461035	Sale	-1	55.2040 USD
US4601461035	Sale	-1	55.2112 USD
US4601461035	Sale	-1	55.2112 USD
US4601461035	Sale	-1	55.2330 USD
US4601461035	Sale	-1	55.2352 USD
US4601461035	Sale	-1	55.2442 USD
US4601461035	Sale	-1	55.2529 USD
US4601461035	Sale	-1	55.2553 USD
US4601461035	Sale	-1	55.2576 USD
US4601461035	Sale	-1	55.2591 USD
US4601461035	Sale	-1	55.2652 USD
US4601461035	Sale	-1	55.2656 USD
US4601461035	Sale	-1	55.2750 USD
US4601461035	Sale	-1	55.2783 USD
US4601461035	Sale	-1	55.2800 USD
US4601461035	Sale	-1	55.2862 USD
US4601461035	Sale	-1	55.2900 USD
US4601461035	Sale	-1	55.2900 USD
US4601461035	Sale	-1	55.2930 USD
US4601461035	Sale	-1	55.3079 USD
US4601461035	Sale	-1	55.3084 USD
US4601461035	Sale	-1	55.3084 USD
US4601461035	Sale	-1	55.3101 USD
US4601461035	Sale	-1	55.3160 USD
US4601461035	Sale	-1	55.3169 USD
US4601461035	Sale	-1	55.3192 USD
US4601461035	Sale	-1	55.3233 USD
US4601461035	Sale	-1	55.3275 USD
US4601461035	Sale	-1	55.3295 USD
US4601461035	Sale	-1	55.3328 USD
US4601461035	Sale	-1	55.3355 USD
US4601461035	Sale	-1	55.3359 USD
US4601461035	Sale	-1	55.3414 USD
US4601461035	Sale	-1	55.3418 USD
US4601461035	Sale	-1	55.3448 USD
US4601461035	Sale	-1	55.3459 USD
US4601461035	Sale	-1	55.3467 USD
US4601461035	Sale	-1	55.3471 USD
US4601461035	Sale	-1	55.3474 USD
US4601461035	Sale	-1	55.3498 USD
US4601461035	Sale	-1	55.3499 USD
US4601461035	Sale	-1	55.3507 USD
US4601461035	Sale	-1	55.3515 USD
US4601461035	Sale	-1	55.3518 USD
US4601461035	Sale	-1	55.3536 USD
US4601461035	Sale	-1	55.3565 USD
US4601461035	Sale	-1	55.3565 USD
US4601461035	Sale	-1	55.3566 USD
US4601461035	Sale	-1	55.3567 USD
US4601461035	Sale	-1	55.3573 USD
US4601461035	Sale	-1	55.3582 USD
US4601461035	Sale	-1	55.3598 USD
US4601461035	Sale	-1	55.3615 USD
US4601461035	Sale	-1	55.3617 USD
US4601461035	Sale	-1	55.3662 USD
US4601461035	Sale	-1	55.3670 USD
US4601461035	Sale	-1	55.3684 USD
US4601461035	Sale	-1	55.3684 USD
US4601461035	Sale	-1	55.4160 USD
US4601461035	Sale	-1	55.4232 USD
US4601461035	Sale	-1	55.4427 USD
US4601461035	Sale	-1	55.5298 USD
US4601461035	Sale	-1	55.5393 USD
US4601461035	Sale	-1	55.6110 USD
US4601461035	Sale	-1	55.6310 USD

(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 references securities	Price per unit
US4601461035	Contract for Difference	Opening Long Position	262	55.2400
US4601461035	Contract for Difference	Increasing Long Position	1,957	55.2400 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 e.g. American European etc.	Expiry date	Option money paid/ received per unit

(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)	Indemnity and other dealing arrangements

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:	18/12/2024
Contact Name	Compliance Control Room
Telephone Number:	0207 595 9695

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 www.thetakeoverpanel.org.uk

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:	BNP Paribas SA
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 (US4601461035)	Call Option	P	24900	55.24	american	17/01/2025
common stock (US4601461035)	Put Option	W	333400	55.24	european	14/10/2025
common stock (US4601461035)	Call Option	W	-89300	55.24	american	20/06/2025
common stock (US4601461035)	Call Option	W	-88200	55.24	american	19/09/2025
common stock (US4601461035)	Call Option	W	-83700	55.24	american	20/06/2025
common stock (US4601461035)	Call Option	W	-63400	55.24	american	20/06/2025
common stock (US4601461035)	Call Option	W	-58200	55.24	american	17/04/2025
common stock (US4601461035)	Call Option	W	-50000	55.24	american	17/04/2025
common stock (US4601461035)	Call Option	W	-50000	55.24	american	19/09/2025
common stock (US4601461035)	Call Option	W	-49700	55.24	american	17/10/2025
common stock (US4601461035)	Call Option	W	-45000	55.24	american	17/01/2025
common stock (US4601461035)	Call Option	W	-25000	55.24	american	17/10/2025
common stock (US4601461035)	Call Option	W	-8800	55.24	american	20/06/2025
common stock (US4601461035)	Call Option	W	-4900	55.24	american	19/09/2025
common stock (US4601461035)	Put Option	W	10300	55.24	american	20/06/2025
common stock (US4601461035)	Put Option	W	24500	55.24	american	19/09/2025
common stock (US4601461035)	Put Option	W	26900	55.24	american	17/10/2025
common stock (US4601461035)	Put Option	W	30000	55.24	american	17/04/2025
common stock (US4601461035)	Put Option	W	50000	55.24	american	17/01/2025
common stock (US4601461035)	Put Option	W	50000	55.24	american	20/06/2025
common stock (US4601461035)	Put Option	W	52900	55.24	american	17/01/2025
common stock (US4601461035)	Put Option	W	75000	55.24	american	17/04/2025
common stock (US4601461035)	Put Option	W	85400	55.24	american	19/09/2025
common stock (US4601461035)	Put Option	W	128800	55.24	american	20/06/2025
common stock (US4601461035)	Put Option	W	200000	55.24	american	16/01/2026
common stock (US4601461035)	Call Option	W	-543500	55.24	european	14/10/2025
common stock (US4601461035)	Call Option	W	-543300	55.24	european	13/10/2025
common stock (US4601461035)	Call Option	W	-543300	55.24	european	15/10/2025
common stock (US4601461035)	Put Option	W	333300	55.24	european	13/10/2025
common stock (US4601461035)	Put Option	W	333300	55.24	european	15/10/2025
common stock (US4601461035)	Call Option	W	-151900	55.24	american	17/01/2025

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

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