Form 8.5 (EPT/NON-RI) Glencore International Plc

Form 8.5 (EPT/NON-RI) Glencore International Plc

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI)

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY AN

EXEMPT PRINCIPAL TRADER WITHOUT RECOGNISED INTERMEDIARY (“RI”) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)

Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Name of exempt principal trader:   BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose GLENCORE INTL PLC
  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt Advisor to Offeree
  principal trader is connected  
(d) Date position held/dealing undertaken: 10 September 2012
(e) Has the EPT previously disclosed, or is it YES:
today disclosing, under the Code in respect
  of any other party to this offer? XSTRATA PLC

2. POSITIONS OF THE EXEMPT PRINCIPAL TRADER

(a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

Class of relevant security:     ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 12,903,513 0.19% 29,449,399 0.43%
           
(2) Derivatives (other than
options): 27,872,689 0.40% 11,744,800 0.17%
           
(3) Options and agreements to
purchase/sell: 4,863,800 0.07% 10,500,000 0.15%
           
(4) TOTAL:
45,640,002 0.66% 51,694,199 0.75%
Class of relevant security:     Convertible Bond XS0475310396            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 4,500,000 0.20% 0 0.00%
           
(2) Derivatives (other than
options): 0 0.00% 0 0.00%
           
(3) Options and agreements to
purchase/sell: 0 0.00% 0 0.00%
           
(4) TOTAL:
4,500,000 0.20% 0 0.00%

All interests and all short positions should be disclosed.

Details of any open derivative or option positions, or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

(b) Rights to subscribe for new securities (including directors’ and other executive options)

Class of relevant security in relation to which subscription right exists:  
Details, including nature of the rights concerned and relevant percentages:  

If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

3. DEALINGS (IF ANY) BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of relevant   Purchase/sale   Number of   Price per unit
security   securities  
ORD Purchase 362 3.7490 GBP
ORD Purchase 1,300 3.7243 GBP
ORD Purchase 4,869 3.7578 GBP
ORD Purchase 9,161 3.7217 GBP
ORD Purchase 22,071 3.7300 GBP
ORD Purchase 27,983 3.7395 GBP
ORD Purchase 38,012 3.7413 GBP
ORD Purchase 43,871 3.7248 GBP
ORD Purchase 50,000 3.7206 GBP
ORD Purchase 59,462 3.7330 GBP
ORD Purchase 110,450 3.7262 GBP
ORD Purchase 118,894 3.7374 GBP
ORD Purchase 139,262 3.7220 GBP
ORD Purchase 150,000 3.7407 GBP
ORD Purchase 166,213 3.7601 GBP
ORD Purchase 179,006 3.7188 GBP
ORD Purchase 420,000 3.7365 GBP
ORD Purchase 627,870 3.7237 GBP
ORD Purchase 687,141 3.7278 GBP
ORD Purchase 1,680,000 3.7321 GBP
ORD Purchase 1,680,000 3.7425 GBP
ORD Purchase 1,680,000 3.8135 GBP
ORD Purchase 3,080,000 3.7577 GBP
ORD Purchase 3,360,000 3.7652 GBP
ORD Sale 362 3.7490 GBP
ORD Sale 559 3.7149 GBP
ORD Sale 1,014 3.7025 GBP
ORD Sale 2,074 3.7367 GBP
ORD Sale 11,530 3.7166 GBP
ORD Sale 19,345 3.7151 GBP
ORD Sale 24,100 3.7479 GBP
ORD Sale 31,704 3.7298 GBP
ORD Sale 39,302 3.7348 GBP
ORD Sale 47,388 3.7185 GBP
ORD Sale 47,995 3.7219 GBP
ORD Sale 57,750 3.7416 GBP
ORD Sale 66,936 3.7224 GBP
ORD Sale 119,656 3.7360 GBP
ORD Sale 141,897 3.7349 GBP
ORD Sale 208,754 3.7321 GBP
ORD Sale 442,250 3.7498 GBP
ORD Sale 560,106 3.7088 GBP
ORD Sale 647,759 3.7399 GBP

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD CFD Long 6,792 3.7836 GBP
ORD CFD Long 10,390 3.7325 GBP
ORD CFD Long 109,076 3.7136 GBP
ORD SWAP Long 250,000 3.7600 GBP
ORD SWAP Long 442,250 3.7498 GBP
ORD SWAP Short 100 3.7136 GBP
ORD CFD Short 115 3.7490 GBP
ORD SWAP Short 1,300 3.7243 GBP
ORD CFD Short 10,390 3.7878 GBP
ORD SWAP Short 27,983 3.7394 GBP
ORD SWAP Short 140,000 3.7365 GBP
ORD CFD Short 238,179 3.7479 GBP
ORD SWAP Short 560,000 3.7321 GBP
ORD SWAP Short 560,000 3.7425 GBP
ORD SWAP Short 560,000 3.8135 GBP
ORD SWAP Short 1,026,667 3.7577 GBP
ORD SWAP Short 1,120,000 3.7652 GBP
ORD SWAP Short 5,973,333 3.7519 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercising

Class of relevant security   Product description

e.g. call option

  Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   Price per unit (if applicable)

The currency of all prices and other monetary amounts should be stated.

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

4. OTHER INFORMATION

(a) Indemnity and other dealing arrangements

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

If there are no such agreements, arrangements or understandings, state “none”

NONE

(b) Agreements, arrangements or understandings relating to options or derivatives

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i) the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state “none”

NONE

(c) Attachments

Is a Supplemental Form 8 (Open Positions) attached?  

YES

Date of disclosure:  

11 Sep 2012

Contact name:   Geoff Smith
Telephone number:   020 7116 2913

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

143221.01

SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

DETAILS OF OPEN OPTION AND DERIVATIVE POSITIONS, AGREEMENTS TO PURCHASE OR SELL ETC.

Note 5(i) on Rule 8 of the Takeover Code (the “Code”)

1. KEY INFORMATION

Identity of the person whose positions/dealings   BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:  
Name of offeror/offeree in relation to whose GLENCORE INTL PLC
relevant securities this from relates:  

2. OPTIONS AND DERIVATIVES

Class   Product   Writing,   Number   Exercise   Type   Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
ORD Call Options Purchased 363,800 4.1000 European 16 Oct 2012
ORD Put Options Purchased 1,000,000 3.0000 American 12 Sep 2012
ORD Put Options Purchased 1,000,000 3.2000 American 12 Sep 2012
ORD Put Options Written -2,500,000 2.6000 American 12 Sep 2012
ORD Put Options Written -1,000,000 4.8000 American 12 Sep 2012
ORD Call Options Purchased 2,500,000 3.6000 American 12 Sep 2012
ORD Call Options Written -1,000,000 3.6000 American 12 Sep 2012
ORD Call Options Written -2,500,000 3.8000 American 12 Sep 2012
ORD Call Options Written -2,500,000 4.0000 American 12 Sep 2012
ORD Call Options Written -1,000,000 4.8000 American 12 Sep 2012

3. AGREEMENTS TO PURCHASE OR SELL ETC.

Full details should be given so that the nature of the interest or position can be fully understood:

It is not necessary to provide details on a Supplemental Form (Open Positions) with regard to contracts for differences (“CFDs”) or spread bets.

The currency of all prices and other monetary amounts should be stated.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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Glencore (GLEN)
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