RNS Number : 2667R

Societe Generale SA

24 December 2024

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:	SOCIETE GENERALE 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	23/12/2024
(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:	common stock
	Interests		Short positions
	Number	%	Number	%
(1)  Relevant securities owned and/or controlled:	261,352	0.08	334,237	0.10
(2)  Cash-settled derivatives:	24,183	0.01	12,416	0.00
(3)  Stock-settled derivatives (including options) and agreements to purchase/sell:	17,200	0.00	0	0.00
TOTAL:	302,735	0.09	346,653	0.10

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 USD
common stock	Purchase	1	54.4
common stock	Purchase	3	54.37
common stock	Purchase	25	54.35
common stock	Purchase	34	54.37
common stock	Purchase	50	53.42
common stock	Purchase	50	53.42
common stock	Purchase	63	54.37
common stock	Purchase	99	54.4
common stock	Purchase	100	53.44
common stock	Purchase	100	53.56
common stock	Purchase	100	53.66
common stock	Purchase	100	53.71
common stock	Purchase	100	53.86
common stock	Purchase	100	53.87
common stock	Purchase	100	53.95
common stock	Purchase	100	53.95
common stock	Purchase	100	54
common stock	Purchase	100	54.2
common stock	Purchase	100	54.21
common stock	Purchase	100	54.26
common stock	Purchase	100	54.27
common stock	Purchase	100	54.3
common stock	Purchase	100	54.3
common stock	Purchase	100	54.32
common stock	Purchase	100	54.32
common stock	Purchase	100	54.32
common stock	Purchase	100	54.32
common stock	Purchase	100	54.34
common stock	Purchase	100	54.36
common stock	Purchase	100	54.37
common stock	Purchase	100	54.39
common stock	Purchase	100	54.41
common stock	Purchase	100	54.42
common stock	Purchase	1	54.38
common stock	Purchase	1	54.41
common stock	Purchase	2	53.78
common stock	Purchase	2	53.87
common stock	Purchase	4	54.1
common stock	Purchase	7	53.36
common stock	Purchase	8	53.86
common stock	Purchase	8	54.38
common stock	Purchase	9	53.36
common stock	Purchase	9	54.09
common stock	Purchase	9	54.1
common stock	Purchase	11	54.08
common stock	Purchase	14	53.52
common stock	Purchase	20	54.08
common stock	Purchase	25	54.08
common stock	Purchase	25	54.32
common stock	Purchase	26	53.88
common stock	Purchase	33	53.52
common stock	Purchase	35	54.22
common stock	Purchase	43	53.92
common stock	Purchase	65	54.22
common stock	Purchase	65	54.38
common stock	Purchase	71	54.08
common stock	Purchase	89	54.08
common stock	Purchase	91	54.09
common stock	Purchase	91	54.1
common stock	Purchase	96	54.1
common stock	Purchase	98	53.87
common stock	Purchase	100	53.37
common stock	Purchase	100	53.38
common stock	Purchase	100	53.42
common stock	Purchase	100	53.44
common stock	Purchase	100	53.56
common stock	Purchase	100	53.57
common stock	Purchase	100	53.61
common stock	Purchase	100	53.67
common stock	Purchase	100	53.79
common stock	Purchase	100	53.86
common stock	Purchase	100	53.86
common stock	Purchase	100	53.87
common stock	Purchase	100	53.88
common stock	Purchase	100	53.89
common stock	Purchase	100	53.91
common stock	Purchase	100	53.94
common stock	Purchase	100	53.95
common stock	Purchase	100	53.95
common stock	Purchase	100	53.95
common stock	Purchase	100	53.95
common stock	Purchase	100	53.96
common stock	Purchase	100	53.96
common stock	Purchase	100	53.96
common stock	Purchase	100	53.96
common stock	Purchase	100	53.96
common stock	Purchase	100	53.97
common stock	Purchase	100	54.01
common stock	Purchase	100	54.06
common stock	Purchase	100	54.08
common stock	Purchase	100	54.09
common stock	Purchase	100	54.09
common stock	Purchase	100	54.2
common stock	Purchase	100	54.21
common stock	Purchase	100	54.21
common stock	Purchase	100	54.22
common stock	Purchase	100	54.24
common stock	Purchase	100	54.26
common stock	Purchase	100	54.27
common stock	Purchase	100	54.3
common stock	Purchase	100	54.38
common stock	Purchase	199	54.38
common stock	Purchase	199	54.41
common stock	Purchase	200	54.19
common stock	Purchase	200	54.3
common stock	Purchase	200	54.32
common stock	Purchase	200	54.34
common stock	Purchase	200	54.37
common stock	Purchase	200	54.37
common stock	Purchase	200	54.37
common stock	Purchase	200	54.38
common stock	Purchase	200	54.39
common stock	Purchase	200	54.39
common stock	Purchase	200	54.4
common stock	Purchase	200	54.42
common stock	Purchase	100	53.43
common stock	Purchase	4	53.35
common stock	Purchase	11	53.56
common stock	Purchase	48	53.35
common stock	Purchase	48	53.35
common stock	Purchase	89	53.56
common stock	Purchase	100	53.37
common stock	Purchase	100	53.42
common stock	Purchase	4	53.53
common stock	Purchase	96	53.53
common stock	Purchase	100	53.55
common stock	Purchase	100	53.57
common stock	Purchase	100	53.62
common stock	Purchase	100	53.68
common stock	Purchase	100	54.2
common stock	Purchase	100	54.21
common stock	Purchase	100	54.26
common stock	Purchase	100	54.3
common stock	Purchase	100	54.32
common stock	Purchase	100	54.37
common stock	Purchase	100	54.41
common stock	Purchase	12	54.41
common stock	Purchase	83	54.49
common stock	Purchase	1	53.47
common stock	Purchase	1	54.26
common stock	Purchase	1	54.39
common stock	Purchase	1	54.41
common stock	Purchase	1	54.41
common stock	Purchase	1	54.41
common stock	Purchase	2	54.04
common stock	Purchase	2	54.23
common stock	Purchase	2	54.23
common stock	Purchase	2	54.23
common stock	Purchase	2	54.42
common stock	Purchase	3	54.38
common stock	Purchase	3	54.39
common stock	Purchase	3	54.41
common stock	Purchase	4	53.85
common stock	Purchase	5	53.47
common stock	Purchase	5	54.09
common stock	Purchase	5	54.34
common stock	Purchase	5	54.4
common stock	Purchase	6	53.97
common stock	Purchase	7	53.9
common stock	Purchase	7	54.21
common stock	Purchase	10	54.17
common stock	Purchase	10	54.41
common stock	Purchase	11	54.25
common stock	Purchase	11	54.37
common stock	Purchase	12	54.38
common stock	Purchase	12	54.41
common stock	Purchase	12	54.42
common stock	Purchase	14	53.57
common stock	Purchase	16	54.04
common stock	Purchase	16	54.35
common stock	Purchase	17	54.37
common stock	Purchase	18	53.93
common stock	Purchase	20	53.94
common stock	Purchase	21	53.61
common stock	Purchase	21	53.92
common stock	Purchase	21	54.23
common stock	Purchase	21	54.41
common stock	Purchase	22	54.17
common stock	Purchase	24	53.54
common stock	Purchase	24	54.39
common stock	Purchase	24	54.4
common stock	Purchase	25	54.34
common stock	Purchase	25	54.4
common stock	Purchase	26	54.09
common stock	Purchase	27	53.97
common stock	Purchase	27	53.97
common stock	Purchase	29	54.34
common stock	Purchase	29	54.35
common stock	Purchase	30	53.92
common stock	Purchase	31	53.92
common stock	Purchase	31	54.04
common stock	Purchase	32	53.94
common stock	Purchase	32	54.22
common stock	Purchase	34	53.61
common stock	Purchase	34	54.09
common stock	Purchase	35	54.09
common stock	Purchase	37	54.39
common stock	Purchase	37	54.39
common stock	Purchase	38	54.41
common stock	Purchase	39	54.23
common stock	Purchase	40	53.965
common stock	Purchase	40	54.165
common stock	Purchase	40	54.39
common stock	Purchase	41	54.34
common stock	Purchase	41	54.41
common stock	Purchase	45	53.62
common stock	Purchase	45	53.97
common stock	Purchase	45	54.22
common stock	Purchase	48	53.95
common stock	Purchase	48	54.17
common stock	Purchase	48	54.4
common stock	Purchase	49	54.41
common stock	Purchase	50	54.1
common stock	Purchase	50	54.1
common stock	Purchase	51	54.04
common stock	Purchase	51	54.37
common stock	Purchase	55	53.97
common stock	Purchase	55	54.35
common stock	Purchase	60	54.39
common stock	Purchase	61	54.23
common stock	Purchase	64	54.41
common stock	Purchase	68	54.4
common stock	Purchase	71	54.37
common stock	Purchase	74	54.18
common stock	Purchase	76	53.54
common stock	Purchase	76	54.41
common stock	Purchase	78	54.17
common stock	Purchase	84	54.37
common stock	Purchase	86	53.57
common stock	Purchase	88	54.38
common stock	Purchase	88	54.42
common stock	Purchase	93	53.9
common stock	Purchase	93	54.21
common stock	Purchase	95	53.47
common stock	Purchase	96	53.85
common stock	Purchase	96	54.23
common stock	Purchase	97	54.38
common stock	Purchase	98	54.42
common stock	Purchase	99	53.47
common stock	Purchase	99	54.26
common stock	Purchase	100	53.54
common stock	Purchase	100	53.64
common stock	Purchase	100	53.64
common stock	Purchase	100	53.65
common stock	Purchase	100	53.65
common stock	Purchase	100	53.87
common stock	Purchase	100	53.88
common stock	Purchase	100	53.92
common stock	Purchase	100	53.93
common stock	Purchase	100	53.94
common stock	Purchase	100	53.95
common stock	Purchase	100	53.97
common stock	Purchase	100	53.97
common stock	Purchase	100	53.98
common stock	Purchase	100	53.99
common stock	Purchase	100	54.04
common stock	Purchase	100	54.06
common stock	Purchase	100	54.1
common stock	Purchase	100	54.11
common stock	Purchase	100	54.16
common stock	Purchase	100	54.18
common stock	Purchase	100	54.19
common stock	Purchase	100	54.21
common stock	Purchase	100	54.21
common stock	Purchase	100	54.21
common stock	Purchase	100	54.22
common stock	Purchase	100	54.235
common stock	Purchase	100	54.25
common stock	Purchase	100	54.32
common stock	Purchase	100	54.36
common stock	Purchase	100	54.37
common stock	Purchase	100	54.37
common stock	Purchase	100	54.37
common stock	Purchase	100	54.375
common stock	Purchase	100	54.39
common stock	Purchase	100	54.4
common stock	Purchase	100	54.41
common stock	Purchase	100	54.41
common stock	Purchase	100	54.41
common stock	Purchase	100	54.41
common stock	Purchase	100	54.41
common stock	Purchase	100	54.42
common stock	Purchase	100	54.42
common stock	Purchase	102	54.17
common stock	Purchase	159	54.41
common stock	Purchase	200	53.97
common stock	Purchase	200	54.25
common stock	Purchase	200	54.41
common stock	Purchase	300	53.36
common stock	Purchase	63	54.42
common stock	Purchase	100	53.93
common stock	Purchase	265	53.46038
common stock	Purchase	7	54.05
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
common stock	Purchase	150	52.21
Class of relevant security	Purchase/sale	Number of securities	Price per unit USD
common stock	Sale	1	53.55
common stock	Sale	1	53.59
common stock	Sale	1	53.6
common stock	Sale	1	53.6
common stock	Sale	1	53.65
common stock	Sale	1	53.65
common stock	Sale	1	53.66
common stock	Sale	1	53.66
common stock	Sale	1	53.66
common stock	Sale	1	53.66
common stock	Sale	1	53.67
common stock	Sale	1	53.67
common stock	Sale	1	53.67
common stock	Sale	1	53.68
common stock	Sale	1	53.68
common stock	Sale	1	53.7
common stock	Sale	1	53.71
common stock	Sale	1	53.72
common stock	Sale	2	53.75
common stock	Sale	21	54.49
common stock	Sale	476	54.49
common stock	Sale	3,451	54.49
common stock	Sale	4,951	54.49
common stock	Sale	8,843	54.49
common stock	Sale	49	54.44
common stock	Sale	218	54.49
common stock	Sale	100	54.49
common stock	Sale	100	54.49
common stock	Sale	112	54.48
common stock	Sale	124	54.49
common stock	Sale	200	54.49
common stock	Sale	212	54.48
common stock	Sale	225	54.47
common stock	Sale	300	54.49
common stock	Sale	300	54.49
common stock	Sale	300	54.49
common stock	Sale	300	54.49
common stock	Sale	388	54.48
common stock	Sale	488	54.48
common stock	Sale	700	54.47
common stock	Sale	700	54.49
common stock	Sale	976	54.49
common stock	Sale	1,075	54.47
common stock	Sale	200	54.49
common stock	Sale	100	54.49
common stock	Sale	3	54.47
common stock	Sale	5	54.48
common stock	Sale	97	54.47
common stock	Sale	100	54.37
common stock	Sale	100	54.39
common stock	Sale	200	54.46
common stock	Sale	45	53.66
common stock	Sale	51	53.77
common stock	Sale	100	53.69
common stock	Sale	100	53.73
common stock	Sale	200	54.47
common stock	Sale	300	54.47
common stock	Sale	100	54.47
common stock	Sale	140	54.47
common stock	Sale	200	54.46
common stock	Sale	200	54.47
common stock	Sale	16	54.475
common stock	Sale	84	54.47
common stock	Sale	180	54.47
common stock	Sale	300	54.47
common stock	Sale	305	54.46
Class of relevant security	Purchase/sale	Number of securities	Price per unit EUR
common stock	Sale	100	51.7

(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 USD
common stock	CFD	Increasing a long position	21	54.487
common stock	CFD	Increasing a long position	20	53.6452176

(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:	24/12/2024
Contact name:	Paul Jenkins
Telephone number:	+44 20 7676 6969

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.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk .

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

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:	SOCIETE GENERALE 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 USD	Type e.g. American, European etc.	Expiry date
common stock	Listed Put Option	Written	17,200	25	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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