The Vanguard Group, Inc.: Disclosure of Interest in International Paper Company

The Vanguard Group, Inc. has disclosed its significant position in the securities of International Paper Company. According to Form 8.3 filed on July 11, 2024, Vanguard revealed an ownership of 40,699,854 shares of common stock, representing 11.72% of the company.

This disclosure is part of Rule 8.3 of the Takeover Code, which mandates public opening position disclosures or dealing disclosures by individuals holding interests in relevant securities amounting to 1% or more. The latest practicable date before the disclosure was July 10, 2024.

In addition to International Paper Company, Vanguard also disclosed interests in Smith (DS) plc. Shares of International Paper were bought at $42.70 each, with 4,215 shares purchased and 2,186 shares sold at the same price.

No other dealings or agreements related to derivatives or options were noted. There are also no indemnity or other dealing arrangements tied to this disclosure.