Man Group PLC's Disclosure on International Paper Company
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: Man Group PLC
(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: 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 16/08/2024
(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 / NO / N/A
Offeree – 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: common stock
Interests
Number % Short positions
Relevant securities owned and/or controlled: | 499 | 0.00 | 619,807 | 0.18 |
Cash-settled derivatives: | 1,732,218 | 0.50 | ||
Total: | 499 | 0.00 | 2,352,025 | 0.68 |
3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Class of relevant security | Purchase/sale | Number of securities | Price per unit |
common stock | Purchase | 1,124 | 47.051 USD |
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: none
(b) Agreements, arrangements or understandings relating to options or derivatives
Details of any agreement, arrangement or understanding, formal or informal, regarding the voting rights of any relevant securities under any option: none
(c) Attachments
Is a Supplemental Form 8 (Open Positions) attached? NO
5. CONTACT INFORMATION
Date of disclosure: 19/08/2024
Contact name: Mackenzie Terry
Telephone number: +442071441555
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. For further queries, the Panel’s Market Surveillance Unit is available for consultation regarding the Code’s disclosure requirements.
Frequently Asked Questions
1. What is the purpose of Form 8.3?
Form 8.3 is utilized for public disclosures regarding interests in relevant securities that represent 1% or more of the total shares.
2. Who is the discloser in this document?
The discloser mentioned in the form is Man Group PLC.
3. What securities are mentioned in the disclosure?
The disclosure refers specifically to common stock of International Paper Company.
4. What is the significance of the declared positions?
The declared positions highlight both ownership and potential short positions, reflecting the strategic stance of Man Group PLC regarding International Paper Company.
5. How does one utilize this disclosure?
This disclosure provides critical insights for investors and analysts regarding the interests and activities of major stakeholders in public companies.
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