The Vanguard Group Announces Ownership in International Paper Company

The Vanguard Group, Inc. disclosed its stake in International Paper Company, showcasing interests representing more than 1% of the company's relevant securities. According to a Form 8.3 filed with the regulatory authorities on 09 April 2024, The Vanguard Group has an ownership stake entailing 40,595,415 shares, equivalent to 11.73%, in the common stock of International Paper Company. This significant shareholding underscores The Vanguard Group's substantial position in one of the leading paper and pulp companies.

In addition to International Paper Company, disclosures were also made concerning Mondi plc and Smith (DS) plc, indicating The Vanguard Group's active engagement in the broader paper and packaging sector. The disclosure came in the context of rule 8.3 of the Takeover Code, which mandates public opening position and dealing disclosures by persons with interests in relevant securities representing 1% or more.

The filing also detailed recent transactions involving International Paper Company's common stock on 08 April 2024, including the purchase of 16,444 shares and the sale of 570 shares at an identical price of 38.21 USD per share. No open stock-settled derivative positions or rights to subscribe for new securities were reported. Additionally, The Vanguard Group confirmed no indemnity, option arrangements, or agreements relating to the voting rights of any relevant securities, maintaining a stance of transparency and compliance with regulatory expectations.