M&G PLC, through M&G Investment Management Limited, has disclosed a 0.02% interest in International Paper Company. The disclosure, made under Rule 8.3 of the Takeover Code, includes the ownership of 90,793 common stock shares. The company clarified that it does not have discretion regarding voting rights in respect of 6,450 shares included in the total. Additionally, M&G PLC has made sales of 3,929 common stock shares at a price of 37.96 USD per unit.
The disclosure also indicates that M&G PLC has not entered into any indemnity or option arrangements, agreements, or understandings relating to options or derivatives. Furthermore, no supplemental form 8 (open positions) has been attached to the disclosure.
This disclosure provides insight into M&G PLC's current position and dealings with International Paper Company, offering transparency in line with regulatory requirements.