01—Abstract
Summary
Summary of the 8-K filed November 4, 2024. Cited figures are marked; the original filing is the authoritative source.
On November 4, 2024, International Paper Company published a supplementary prospectus under the U.K.
Prospectus Regulation Rules of the Financial Conduct Authority. The supplement is to be read together with the prospectus published on September 11, 2024. Together these documents, the U.K.
Prospectus, relate to the admission of International Paper common stock, par value $1.00a per share, to the equity shares (international commercial companies secondary listing) category of the FCA's Official List and to trading on the main market of the London Stock Exchange. The listing is tied to the recommended offer by International Paper to acquire the issued and to be issued share capital of DS Smith Plc in an all-stock transaction, referred to as the Acquisition. The filing states that shareholders of International Paper approved the issuance of new common stock to DS Smith shareholders in connection with the Acquisition on October 11, 2024.
The filing is a disclosure under Item 8.01 (Other Events) and does not itself state financial results, deal terms beyond the all-stock structure, or valuation figures. Investors would primarily note the U.K. secondary listing step and the shareholder approval as milestones in the DS Smith transaction.
02—Key points
Key Highlights
- International Paper published a supplementary prospectus under U.K. FCA Prospectus Regulation Rules on November 4, 2024.
- The supplement supplements the prospectus originally published on September 11, 2024, and the two together form the U.K. Prospectus.
- The U.K. Prospectus covers admission of International Paper common stock ($1.00 par value) to the FCA Official List's secondary listing category and to trading on the London Stock Exchange main market.
- The listing is connected to the recommended offer to acquire DS Smith Plc in an all-stock transaction.
- International Paper shareholders approved the issuance of new common stock to DS Smith shareholders in connection with the Acquisition on October 11, 2024.
- The filing is a disclosure under Item 8.01 (Other Events) and does not report financial results.
03—Questions
Frequently Asked Questions
What did International Paper file on November 4, 2024?
A supplementary prospectus prepared under the U.K. Prospectus Regulation Rules of the Financial Conduct Authority, supplementing the prospectus published on September 11, 2024.
What is the purpose of the U.K. Prospectus?
It relates to the admission of International Paper common stock to the equity shares (international commercial companies secondary listing) category of the FCA's Official List and to trading on the London Stock Exchange main market.
How is the London listing connected to DS Smith?
The listing is in connection with the previously disclosed recommended offer by International Paper to acquire the issued and to be issued share capital of DS Smith Plc in an all-stock transaction.
Have International Paper shareholders approved the share issuance?
Yes. The filing states that shareholders of International Paper voted to approve the proposed issuance of new common stock to DS Smith shareholders in connection with the Acquisition on October 11, 2024.
Does this filing contain financial results or deal valuation figures?
No. The filing describes the prospectus supplement, the listing, and the shareholder approval, and it does not state financial results or valuation figures.
04—Continue