BNP Paribas

Transaction in Own Shares • Jan 28, 2025

National Storage Mechanism | Additional information

RNS Number : 9995U

BNP Paribas London

28 January 2025

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:	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	27/01/2025
(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 If YES, specify which: 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:	3,512,277	1.0112	-2,403,512	-0.6920
(2) Cash-settled derivatives:	329,284	0.0948	-5,316,514	-1.5307
(3) Stock-settled derivatives (including options) and agreements to purchase/sell:	2,056,500	0.5921	-2,389,100	-0.6879
TOTAL:	5,898,061	1.6981	-10,109,126	-2.9106

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	58.8800 USD
US4601461035	Purchase	1	59.0900 USD
US4601461035	Purchase	1	59.2300 USD
US4601461035	Purchase	1	59.2800 USD
US4601461035	Purchase	1	59.2800 USD
US4601461035	Purchase	1	59.2800 USD
US4601461035	Purchase	1	59.2800 USD
US4601461035	Purchase	1	59.2800 USD
US4601461035	Purchase	1	59.2850 USD
US4601461035	Purchase	2	59.2800 USD
US4601461035	Purchase	2	59.3000 USD
US4601461035	Purchase	2	59.3100 USD
US4601461035	Purchase	2	59.5700 USD
US4601461035	Purchase	3	59.0700 USD
US4601461035	Purchase	3	59.3000 USD
US4601461035	Purchase	4	59.1500 USD
US4601461035	Purchase	4	59.2800 USD
US4601461035	Purchase	4	59.2800 USD
US4601461035	Purchase	4	59.2900 USD
US4601461035	Purchase	5	59.1500 USD
US4601461035	Purchase	5	59.2800 USD
US4601461035	Purchase	5	59.2900 USD
US4601461035	Purchase	5	59.2900 USD
US4601461035	Purchase	6	59.2800 USD
US4601461035	Purchase	6	59.2800 USD
US4601461035	Purchase	6	59.2800 USD
US4601461035	Purchase	6	59.2800 USD
US4601461035	Purchase	7	59.2800 USD
US4601461035	Purchase	7	59.2800 USD
US4601461035	Purchase	7	59.2800 USD
US4601461035	Purchase	7	59.2900 USD
US4601461035	Purchase	9	59.1500 USD
US4601461035	Purchase	9	59.2300 USD
US4601461035	Purchase	10	59.2450 USD
US4601461035	Purchase	11	59.2400 USD
US4601461035	Purchase	12	59.2800 USD
US4601461035	Purchase	12	59.2800 USD
US4601461035	Purchase	13	59.0600 USD
US4601461035	Purchase	13	59.2800 USD
US4601461035	Purchase	16	59.2800 USD
US4601461035	Purchase	18	59.3100 USD
US4601461035	Purchase	18	59.5700 USD
US4601461035	Purchase	18	59.5900 USD
US4601461035	Purchase	20	59.0600 USD
US4601461035	Purchase	20	59.2900 USD
US4601461035	Purchase	20	59.4200 USD
US4601461035	Purchase	20	59.4400 USD
US4601461035	Purchase	20	59.4900 USD
US4601461035	Purchase	20	59.5400 USD
US4601461035	Purchase	20	59.5500 USD
US4601461035	Purchase	20	59.5600 USD
US4601461035	Purchase	20	59.5700 USD
US4601461035	Purchase	20	59.5700 USD
US4601461035	Purchase	20	59.5900 USD
US4601461035	Purchase	20	59.5900 USD
US4601461035	Purchase	24	58.9900 USD
US4601461035	Purchase	33	59.2900 USD
US4601461035	Purchase	34	59.2800 USD
US4601461035	Purchase	35	59.0300 USD
US4601461035	Purchase	37	58.8900 USD
US4601461035	Purchase	37	59.2900 USD
US4601461035	Purchase	42	59.2800 USD
US4601461035	Purchase	46	59.2800 USD
US4601461035	Purchase	57	59.2900 USD
US4601461035	Purchase	58	59.2800 USD
US4601461035	Purchase	59	59.2900 USD
US4601461035	Purchase	63	58.8900 USD
US4601461035	Purchase	65	59.0300 USD
US4601461035	Purchase	66	59.2800 USD
US4601461035	Purchase	68	59.2900 USD
US4601461035	Purchase	74	59.2300 USD
US4601461035	Purchase	76	58.9900 USD
US4601461035	Purchase	79	59.3100 USD
US4601461035	Purchase	80	59.0600 USD
US4601461035	Purchase	80	59.2900 USD
US4601461035	Purchase	82	59.1500 USD
US4601461035	Purchase	84	59.2800 USD
US4601461035	Purchase	87	59.0600 USD
US4601461035	Purchase	89	59.2700 USD
US4601461035	Purchase	90	59.2500 USD
US4601461035	Purchase	91	59.2800 USD
US4601461035	Purchase	93	59.2900 USD
US4601461035	Purchase	95	59.2900 USD
US4601461035	Purchase	97	59.0700 USD
US4601461035	Purchase	98	59.3000 USD
US4601461035	Purchase	98	59.3100 USD
US4601461035	Purchase	99	59.2900 USD
US4601461035	Purchase	100	58.7600 USD
US4601461035	Purchase	100	58.7700 USD
US4601461035	Purchase	100	58.7800 USD
US4601461035	Purchase	100	58.8000 USD
US4601461035	Purchase	100	58.8100 USD
US4601461035	Purchase	100	58.8200 USD
US4601461035	Purchase	100	58.8300 USD
US4601461035	Purchase	100	58.8600 USD
US4601461035	Purchase	100	58.8650 USD
US4601461035	Purchase	100	58.8700 USD
US4601461035	Purchase	100	58.9000 USD
US4601461035	Purchase	100	58.9000 USD
US4601461035	Purchase	100	58.9000 USD
US4601461035	Purchase	100	58.9100 USD
US4601461035	Purchase	100	58.9200 USD
US4601461035	Purchase	100	58.9200 USD
US4601461035	Purchase	100	58.9250 USD
US4601461035	Purchase	100	58.9300 USD
US4601461035	Purchase	100	58.9300 USD
US4601461035	Purchase	100	58.9500 USD
US4601461035	Purchase	100	58.9500 USD
US4601461035	Purchase	100	58.9600 USD
US4601461035	Purchase	100	58.9600 USD
US4601461035	Purchase	100	58.9700 USD
US4601461035	Purchase	100	58.9700 USD
US4601461035	Purchase	100	58.9700 USD
US4601461035	Purchase	100	58.9700 USD
US4601461035	Purchase	100	58.9900 USD
US4601461035	Purchase	100	58.9900 USD
US4601461035	Purchase	100	58.9900 USD
US4601461035	Purchase	100	59.0000 USD
US4601461035	Purchase	100	59.0100 USD
US4601461035	Purchase	100	59.0200 USD
US4601461035	Purchase	100	59.0300 USD
US4601461035	Purchase	100	59.0400 USD
US4601461035	Purchase	100	59.0400 USD
US4601461035	Purchase	100	59.0400 USD
US4601461035	Purchase	100	59.0400 USD
US4601461035	Purchase	100	59.0500 USD
US4601461035	Purchase	100	59.0500 USD
US4601461035	Purchase	100	59.0600 USD
US4601461035	Purchase	100	59.0600 USD
US4601461035	Purchase	100	59.0600 USD
US4601461035	Purchase	100	59.0600 USD
US4601461035	Purchase	100	59.0700 USD
US4601461035	Purchase	100	59.0800 USD
US4601461035	Purchase	100	59.0900 USD
US4601461035	Purchase	100	59.1300 USD
US4601461035	Purchase	100	59.1400 USD
US4601461035	Purchase	100	59.1500 USD
US4601461035	Purchase	100	59.1500 USD
US4601461035	Purchase	100	59.1600 USD
US4601461035	Purchase	100	59.1600 USD
US4601461035	Purchase	100	59.1900 USD
US4601461035	Purchase	100	59.2200 USD
US4601461035	Purchase	100	59.2500 USD
US4601461035	Purchase	100	59.2500 USD
US4601461035	Purchase	100	59.2600 USD
US4601461035	Purchase	100	59.2700 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2800 USD
US4601461035	Purchase	100	59.2900 USD
US4601461035	Purchase	100	59.2900 USD
US4601461035	Purchase	100	59.2900 USD
US4601461035	Purchase	100	59.2900 USD
US4601461035	Purchase	100	59.2900 USD
US4601461035	Purchase	100	59.2900 USD
US4601461035	Purchase	100	59.2900 USD
US4601461035	Purchase	100	59.2900 USD
US4601461035	Purchase	100	59.2950 USD
US4601461035	Purchase	100	59.3000 USD
US4601461035	Purchase	100	59.3000 USD
US4601461035	Purchase	100	59.3000 USD
US4601461035	Purchase	100	59.3000 USD
US4601461035	Purchase	100	59.3000 USD
US4601461035	Purchase	100	59.3100 USD
US4601461035	Purchase	100	59.3100 USD
US4601461035	Purchase	100	59.3100 USD
US4601461035	Purchase	100	59.3150 USD
US4601461035	Purchase	100	59.3150 USD
US4601461035	Purchase	100	59.3200 USD
US4601461035	Purchase	107	59.2600 USD
US4601461035	Purchase	108	59.2800 USD
US4601461035	Purchase	125	59.2800 USD
US4601461035	Purchase	200	59.0000 USD
US4601461035	Purchase	200	59.0000 USD
US4601461035	Purchase	200	59.2800 USD
US4601461035	Purchase	200	59.3000 USD
US4601461035	Purchase	219	59.2900 USD
US4601461035	Purchase	292	59.2800 USD
US4601461035	Purchase	300	59.2800 USD
US4601461035	Purchase	300	59.2800 USD
US4601461035	Purchase	391	59.2800 USD
US4601461035	Purchase	2,000	59.5545 USD
US4601461035	Purchase	2,040	59.2900 USD
US4601461035	Purchase	2,827	59.2900 USD
US4601461035	Purchase	4,900	59.2900 USD
US4601461035	Purchase	6,806	59.2900 USD
US4601461035	Purchase	634,377	60.0900 USD
US4601461035	Sale	-17,273	59.6026 USD
US4601461035	Sale	-2,040	59.2900 USD
US4601461035	Sale	-1,900	59.2489 USD
US4601461035	Sale	-1,352	59.8824 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 reference securities	Price per unit
US4601461035	Contract for Difference	Reducing Long Position	-206,419	59.2900
US4601461035	Contract for Difference	Reducing Long Position	-312,149	59.2900
US4601461035	Contract for Difference	Reducing Long Position	-115,809	59.2900
US4601461035	Contract for Difference	Reducing Long Position	-100	59.2900
US4601461035	Contract for Difference	Reducing Short Position	17,273	59.2900

(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)        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:	28/01/2025
###### 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	W	-165000	59.29	american	18/07/2025
common stock (US4601461035)	Put Option	W	333400	59.29	european	14/10/2025
common stock (US4601461035)	Call Option	W	-88200	59.29	american	19/09/2025
common stock (US4601461035)	Call Option	W	-83700	59.29	american	20/06/2025
common stock (US4601461035)	Call Option	W	-76800	59.29	american	17/04/2025
common stock (US4601461035)	Call Option	W	-63400	59.29	american	20/06/2025
common stock (US4601461035)	Call Option	W	-53000	59.29	american	17/04/2025
common stock (US4601461035)	Call Option	W	-50000	59.29	american	19/09/2025
common stock (US4601461035)	Call Option	W	-49700	59.29	american	17/10/2025
common stock (US4601461035)	Call Option	W	-25000	59.29	american	17/10/2025
common stock (US4601461035)	Call Option	W	-8800	59.29	american	20/06/2025
common stock (US4601461035)	Call Option	W	-4900	59.29	american	19/09/2025
common stock (US4601461035)	Call Option	W	-1200	59.29	american	16/01/2026
common stock (US4601461035)	Put Option	W	2600	59.29	american	17/04/2025
common stock (US4601461035)	Put Option	W	3000	59.29	american	17/04/2025
common stock (US4601461035)	Put Option	W	10300	59.29	american	20/06/2025
common stock (US4601461035)	Put Option	W	24500	59.29	american	19/09/2025
common stock (US4601461035)	Put Option	W	26900	59.29	american	17/10/2025
common stock (US4601461035)	Put Option	W	30000	59.29	american	17/04/2025
common stock (US4601461035)	Put Option	W	50000	59.29	american	20/06/2025
common stock (US4601461035)	Put Option	W	75000	59.29	american	17/04/2025
common stock (US4601461035)	Put Option	W	85400	59.29	american	19/09/2025
common stock (US4601461035)	Put Option	W	128800	59.29	american	20/06/2025
common stock (US4601461035)	Put Option	W	165000	59.29	american	18/07/2025
common stock (US4601461035)	Put Option	W	200000	59.29	american	16/01/2026
common stock (US4601461035)	Put Option	W	255000	59.29	american	16/01/2026
common stock (US4601461035)	Call Option	W	-543500	59.29	european	14/10/2025
common stock (US4601461035)	Call Option	W	-543300	59.29	european	13/10/2025
common stock (US4601461035)	Call Option	W	-543300	59.29	european	15/10/2025
common stock (US4601461035)	Put Option	W	333300	59.29	european	13/10/2025
common stock (US4601461035)	Put Option	W	333300	59.29	european	15/10/2025
common stock (US4601461035)	Call Option	W	-89300	59.29	american	20/06/2025

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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END

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