The Vanguard Group, Inc. Discloses Position in International Paper Company

On June 5, 2024, The Vanguard Group, Inc. submitted Form 8.3, disclosing its interests in International Paper Company. Under Rule 8.3 of the Takeover Code, the disclosure is mandatory for persons with interests representing 1% or more in relevant securities. Vanguard's holdings are significant, comprising 40,775,134 shares, equivalent to 11.74% of International Paper Company's common stock.

The disclosure details Vanguard's recent transactions. On June 4, 2024, Vanguard purchased 5,033 shares at $44.22 per unit and sold 3,460 shares at the same price. No significant agreements or arrangements related to options or derivatives were noted. Additionally, Vanguard confirmed the absence of indemnity or other dealing arrangements.

The form also indicates that Vanguard is making disclosures in respect to Smith (DS) plc, highlighting their active involvement in multiple related entities. The disclosure aims to maintain transparency in investment activities, adhering to regulatory requirements.