International Paper's EMEA Packaging Business Leaders to Host Capital Markets Day

The proposed separation requires final board approval, an effective SEC registration statement and an FCA-approved prospectus.

Rhea-AI Summary

International Paper (IP) will hold a Capital Markets Day for its EMEA Packaging Business in London on November 3, 2026. Future DS Smith CEO Tim Nicholls and CFO Vincent Bonnot will host the event, covering the planned company's business model, growth strategy and financial outlook.

The business is expected to become DS Smith through a spin-off, with a London Stock Exchange listing and a Level II ADR program listed on the New York Stock Exchange. The separation remains subject to approvals.

1 point · 0 major

PositiveiHow this balance works

How this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.EMEA Packaging Business is expected to become independent DS Smith through a spin-off with London and New York listings.

Negative

• Minor pointProposed separation requires final International Paper board approval, SEC registration effectiveness and publication of an FCA-approved prospectus.

News Explained

The separation is still proposed, not completed: it requires final International Paper board approval, an effective U.S. registration statement and a U.K.-approved prospectus, and the company gives no assurance about its timing or structure.

Key Terms

spin off, level ii adr program, registration statement, prospectus

4 terms

spin off financial

"separated by way of a spin off, through the listing of the business"

A spin-off is when a company separates one part of its operations into a new, independent company and distributes shares of that new business to existing shareholders. Think of it like a parent splitting a large household into two smaller homes so each can manage its own budget and goals. Investors watch spin-offs because they can reveal hidden value, change growth and risk profiles, and create separate investment choices that may trade at different prices than the original company.

level ii adr program financial

"with a Level II ADR program to be listed on the New York Stock Exchange"

A Level II ADR program is a structured way for a foreign company to have its shares traded in the U.S. by issuing American Depositary Receipts (ADRs) through a depositary bank, while not raising new capital in the United States. Under Level II the issuer registers the ADRs with the U.S. Securities and Exchange Commission and files periodic reports (typically on Form 20‑F), and the ADRs can be listed on a U.S. exchange or quoted on an established market. The depositary bank holds the underlying foreign shares and issues receipts that represent those shares, handle dividend conversions and currency exchange, and pass shareholder communications; unlike a Level III program, Level II does not involve a U.S. public offering of additional shares.

registration statement regulatory

"the filing and effectiveness of a registration statement with the U.S. Securities"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"the publication of a prospectus approved by the U.K. Financial Conduct Authority"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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MEMPHIS, Tenn., Oct. 14, 2026 /PRNewswire/ -- International Paper (NYSE: IP; LSE: IPC), a leader in sustainable packaging solutions, announces that its EMEA Packaging Business leadership team will hold a Capital Markets Day in London on November 3, 2026, 13:00 – 17:00 GMT (8:00 a.m. – 12:00 p.m. ET).

International Paper has made significant progress preparing to separate its EMEA Packaging Business into an independent, publicly traded company (the "Separation"). Once the Separation is complete, the independent company will be known as DS Smith plc.

Tim Nicholls and Vincent Bonnot, the future Chief Executive Officer and future Chief Financial Officer of DS Smith plc, respectively, will host the Capital Markets Day, alongside other senior leaders from across the EMEA business. The team will discuss the planned public company and its position as an enhanced pure-play packaging leader within the European market. The team will also provide details about the business model, growth strategy, and financial outlook post Separation.

The event will be available via webcast, and a recording will be provided on DS Smith's website upon event completion.

To register for the webcast please visit: https://stream.brrmedia.co.uk/broadcast/6aa9548bba91570013153fcd   

If you wish to attend in person, please contact InvestorRelations@dssmith.com.

Separation Update

DS Smith plc is expected to be separated by way of a spin off, through the listing of the business on the London Stock Exchange with a Level II ADR program to be listed on the New York Stock Exchange.

The Separation remains subject to the satisfaction of customary conditions, including final approval by the International Paper Board of Directors as well as the filing and effectiveness of a registration statement with the U.S. Securities and Exchange Commission (the "SEC") and the publication of a prospectus approved by the U.K. Financial Conduct Authority (the "FCA"). No assurance can be provided regarding the ultimate timing or structure of the proposed Separation or its eventual completion.

About International Paper (NYSE: IP; LSE: IPC)

International Paper creates sustainable packaging solutions that enable our customers, teammates and shareowners to thrive in an ever-changing world. We are a leader in corrugated packaging, partnering with customers across industries to protect what matters most, strengthen supply chains and create lasting value. Learn more at internationalpaper.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements can be identified by the use of forward-looking or conditional words such as "expects," "anticipates," "believes," "estimates," "could," "should," "can," "forecast," "outlook," "intend," "look," "may," "will," "remain," "confident," "commit" and "plan" or similar expressions. These forward-looking statements reflect management's current views and are subject to risks and uncertainties that could cause actual results and the timing of events to differ materially from those expressed or implied in these forward-looking statements. These risks and uncertainties include the risks that this planned Separation of the Company's North America and EMEA operations into two independent public companies will not happen on a timely basis or at all, the Company's ability to achieve the desired outcome and realize the anticipated benefits from the Separation and the potential uncertainty and disruption during the pendency of the Separation. These forward-looking statements are also subject to the risks and uncertainties contained in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the U.S. Securities and Exchange Commission on February 27, 2026, and subsequent reports filed with the SEC. In addition, other risks and uncertainties not presently known to the Company or that we currently believe to be immaterial could affect the accuracy of any forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements contained in this press release, whether as a result of new information, future events or changes in expectations.

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SOURCE International Paper

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How does International Paper expect to separate its EMEA Packaging Business?

The business is expected to be separated through a spin-off as an independent, publicly traded company named DS Smith. The planned structure includes a London Stock Exchange listing and a Level II ADR program listed on the New York Stock Exchange.

What approvals are required for International Paper's proposed DS Smith separation?

The separation requires final approval by International Paper's board, filing and effectiveness of a registration statement with the U.S. Securities and Exchange Commission, and publication of a prospectus approved by the U.K. Financial Conduct Authority. Its ultimate timing, structure and completion remain uncertain.