Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC - AME...

Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC - AMENDMENT

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI) AMENDMENT

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 relevant securities this form relates:

Use a separate form for each offeror/offeree

 

GLENCORE INTL PLC

(c) Name of the party to the offer with which exempt principal trader is connected:  

Advisor to Offeree

(d) Date position held/dealing undertaken:  

19 November 2012

(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?  

YES:

 

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: 4,213,829 0.06% 26,102,138 0.37%
           
(2) Derivatives (other than
options): 25,645,411 0.36% 1,954,303 0.03%
           
(3) Options and agreements to
purchase/sell: 1,000,000 0.01% 250,000 0.00%
           
(4) TOTAL:
30,859,240 0.44% 28,306,441 0.40%
         
Class of relevant security:   Convertible Bond XS0475310396      
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 2,400,000 0.10% 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:
2,400,000 0.10% 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

security       securities    
Convertible Bond Purchase 1,800,000 118.5000 USD
Convertible Bond Sale 1,700,000 118.5000 USD
ORD Purchase 69 3.2675 GBP
ORD Purchase 100 40.0000 HKD
ORD Purchase 100 40.0500 HKD
ORD Purchase 100 40.1000 HKD
ORD Purchase 200 40.2500 HKD
ORD Purchase 300 3.2530 GBP
ORD Purchase 800 40.1500 HKD
ORD Purchase 964 3.2459 GBP
ORD Purchase 2,158 3.2428 GBP
ORD Purchase 2,535 3.2323 GBP
ORD Purchase 2,600 40.2000 HKD
ORD Purchase 3,600 40.3000 HKD
ORD Purchase 3,657 3.2424 GBP
ORD Purchase 9,364 3.2433 GBP
ORD Purchase 10,699 3.2414 GBP
ORD Purchase 11,843 3.2595 GBP
ORD Purchase 38,666 3.2499 GBP
ORD Purchase 41,595 3.2513 GBP
ORD Purchase 70,487 3.2590 GBP
ORD Purchase 78,886 3.2478 GBP
ORD Purchase 148,000 3.2174 GBP
ORD Purchase 153,299 3.2470 GBP
ORD Purchase 296,273 3.2408 GBP
ORD Purchase 366,363 3.2516 GBP
ORD Purchase 591,000 3.2474 GBP
ORD Sale 200 40.1500 HKD
ORD Sale 264 3.2645 GBP
ORD Sale 300 40.2500 HKD
ORD Sale 300 40.3000 HKD
ORD Sale 1,218 3.2641 GBP
ORD Sale 1,303 3.2472 GBP
ORD Sale 1,700 3.2415 GBP
ORD Sale 2,969 3.2452 GBP
ORD Sale 4,074 3.2660 GBP
ORD Sale 4,853 3.2665 GBP
ORD Sale 5,177 3.2462 GBP
ORD Sale 5,200 3.2436 GBP
ORD Sale 6,645 3.2397 GBP
ORD Sale 6,646 3.2510 GBP
ORD Sale 7,200 40.2437 HKD
ORD Sale 7,331 3.2475 GBP
ORD Sale 8,242 3.2446 GBP
ORD Sale 9,536 3.2378 GBP
ORD Sale 17,305 3.2501 GBP
ORD Sale 27,563 3.2409 GBP
ORD Sale 70,634 3.2413 GBP
ORD Sale 100,000 3.2774 GBP
ORD Sale 103,941 3.2497 GBP
ORD Sale 109,664 3.2615 GBP
ORD Sale 250,000 3.2389 GBP
ORD Sale 401,198 3.2526 GBP
ORD Sale 155,252 3.2388 GBP
ORD Sale 500,000 3.2338 GBP

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD SWAP Long 102 3.2584 GBP
ORD CFD Long 600 40.2266 HKD
ORD CFD Long 1,400 3.2497 GBP
ORD SWAP Long 5,200 3.2436 GBP
ORD CFD Long 15,342 3.2286 GBP
ORD CFD Long 23,649 3.2441 GBP
ORD CFD Long 32,103 3.2326 GBP
ORD CFD Long 267,943 3.2511 GBP
ORD CFD Short 100 40.0480 HKD
ORD SWAP Short 2,535 3.2322 GBP
ORD CFD Short 5,954 3.2474 GBP
ORD CFD Short 21,300 3.2397 GBP
ORD CFD Short 233,389 3.2404 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: 30 Nov 2012
Contact name: Geoff Smith
Telephone number: 0203 555 4632

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.

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 person whose open positions are being disclosed:  

BARCLAYS CAPITAL SECURITIES LTD

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

GLENCORE INTL PLC

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 Put Options Purchased 1,000,000 3.2000 American 21 Nov 2012
ORD Call Options Written -250,000 3.6000 American 21 Nov 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.

Companies

Glencore (GLEN)
UK 100