Vanguard Group Discloses Major Stake in International Paper Company

The Vanguard Group, Inc. has revealed a significant position in the International Paper Company, disclosing ownership and control of 41,109,421 common stock shares, representing 11.84% of the company's relevant securities. This disclosure is in compliance with Rule 8.3 of the Takeover Code, essential for those holding interests over 1% in relevant securities.

Dated December 2, 2024, the Form 8.3 submission also mentioned transactions involving both purchases and sales of International Paper's common stock, with 11,405 shares bought and 12,882 sold, each at a price of $58.46. Despite substantial share movements, Vanguard reported no cash-settled derivative activities related to these securities.

Furthermore, Vanguard clarified the absence of any indemnity agreements or voting rights arrangements regarding these securities, affirming their stance through the current disclosure dated December 3, 2024.