Overview of the Disclosure
This document serves as a critical opening position disclosure under Rule 8.3 of the Takeover Code, formatted specifically for entities with interests in relevant securities equating to 1% or more. In this case, the notifier is Danske Bank A/S, an organization with a significant financial presence in the market.
Key Information Presented
The full name of the discloser is Danske Bank A/S, which indicates its commitment to transparency in securities dealings. They have disclosed their position concerning International Paper Company, a leading global paper and packaging products provider. Such disclosures are vital for maintaining fair trading practices and market integrity.
Current Position Details
The document details the positions held by Danske Bank in relation to the relevant securities of International Paper Company. As of the latest disclosure, the bank possesses a total of 137,017 relevant securities.
Breakdown of Interests and Positions
It is noteworthy that the interests equate to approximately 0.039449% of the total securities available. This percentage showcases Danske Bank A/S's position and influence in the market context of International Paper.
Dealings Conducted
Danske Bank has also reported its dealings, outlining the details of purchases undertaken recently. The bank engaged in buying specific equity securities comprising:
| Transaction Type | Securities Purchased | Price Per Unit |
| Buy | 558 | USD 56.643 |
| Buy | 619 | USD 56.572 |
Agreements and Additional Information
The documentation further confirms that there are no additional agreements or understandings in place that might induce further dealings or influence trading activities.
Contact Information
Anyone wishing to get more information regarding this disclosure can reach out to Kotryna Cinciuke at +37060405825. This contact facilitates effective communication for inquiries related to the disclosure.
Frequently Asked Questions
What does the disclosure by Danske Bank entail?
The disclosure outlines the bank's positions regarding its interests in the securities of International Paper Company, ensuring compliance with takeover regulations.
Why is this disclosure important?
Such disclosures are essential for maintaining market transparency and ensuring that all investors have access to the same information regarding securities transactions.
What percentage of International Paper does Danske Bank own?
Danske Bank A/S has disclosed ownership of approximately 0.039449% of International Paper's relevant securities.
How can I contact Danske Bank for more details?
For further inquiries about the disclosure, reach out to Kotryna Cinciuke at +37060405825.
What are the implications of not disclosing this information?
Failure to disclose such information can result in regulatory penalties and undermine investor trust in market practices.
