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)

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:	Â	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	Â	GLENCORE INTL PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	Advisor to Offeree
(d) Date position held/dealing undertaken:	Â	19 June 2012
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Â	YES:   XSTRATA PLC Â

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:	Â	Â	Â	ORD	Â	Â	Â	Â	Â	Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		5,111,350		0.07%		18,254,569		0.26%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		14,956,992		0.22%		3,443,144		0.05%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,760,000		0.03%		2,075,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				21,828,342		0.32%		23,773,613		0.34%

	Â		Â		Â		Â		Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		2,700,000		0.12%		0		0.00%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				2,700,000		0.12%		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:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

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	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
Convertible Bond		Purchase		3,000,000		117.2500 USD
Convertible Bond		Sale		1,000,000		117.2500 USD
Convertible Bond		Sale		2,000,000		116.8750 USD
Convertible Bond		Sale		2,000,000		117.2000 USD
ORD		Purchase		1,300		3.3060 GBP
ORD		Purchase		1,987		3.3288 GBP
ORD		Purchase		2,808		3.3225 GBP
ORD		Purchase		3,689		3.3281 GBP
ORD		Purchase		4,097		3.3271 GBP
ORD		Purchase		14,707		3.3058 GBP
ORD		Purchase		51,483		3.3276 GBP
ORD		Purchase		51,820		3.3088 GBP
ORD		Purchase		84,500		40.5830 HKD
ORD		Purchase		325,000		3.2882 GBP
ORD		Purchase		200,000		3.3166 GBP
ORD		Purchase		60,000		3.3097 GBP
ORD		Purchase		112,419		3.3090 GBP
ORD		Purchase		145,812		3.3190 GBP
ORD		Purchase		85,702		3.3009 GBP
ORD		Purchase		332,812		3.3136 GBP
ORD		Purchase		646,771		3.3116 GBP
ORD		Purchase		659,129		3.3157 GBP
ORD		Purchase		874,733		3.3122 GBP
ORD		Sale		200		41.0000 HKD
ORD		Sale		600		41.0500 HKD
ORD		Sale		900		40.6500 HKD
ORD		Sale		1,400		40.8500 HKD
ORD		Sale		2,000		40.5500 HKD
ORD		Sale		2,300		40.9500 HKD
ORD		Sale		3,100		40.9000 HKD
ORD		Sale		6,000		40.7500 HKD
ORD		Sale		6,300		40.4500 HKD
ORD		Sale		8,000		40.8000 HKD
ORD		Sale		53,700		40.5000 HKD
ORD		Sale		344,267		3.3148 GBP
ORD		Sale		966		3.3010 GBP
ORD		Sale		1,398		3.3075 GBP
ORD		Sale		2,709		3.3022 GBP
ORD		Sale		2,788		3.3111 GBP
ORD		Sale		3,827		3.3251 GBP
ORD		Sale		7,782		3.3045 GBP
ORD		Sale		9,495		3.3205 GBP
ORD		Sale		10,664		3.3157 GBP
ORD		Sale		138,875		3.3000 GBP
ORD		Sale		449,575		3.3121 GBP
ORD		Sale		14,423		3.3230 GBP
ORD		Sale		17,401		3.3159 GBP
ORD		Sale		18,314		3.3173 GBP
ORD		Sale		24,099		3.3088 GBP
ORD		Sale		76,788		3.3164 GBP
ORD		Sale		138,875		3.3535 GBP
ORD		Sale		200,856		3.3209 GBP
ORD		Sale		280,500		3.3016 GBP

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		SWAP		Long		600		3.3283 GBP
ORD		CFD		Long		7,611		3.3356 GBP
ORD		CFD		Long		17,938		3.3009 GBP
ORD		CFD		Short		4,097		3.3271 GBP
ORD		SWAP		Short		4,400		3.3065 GBP
ORD		CFD		Short		18,966		3.3317 GBP
ORD		SWAP		Short		51,483		3.3276 GBP
ORD		SWAP		Short		58,333		3.3351 GBP
ORD		CFD		Short		132,907		3.3135 GBP
ORD		SWAP		Short		150,476		3.3009 GBP
ORD		CFD		Short		284,214		3.3160 GBP
ORD		CFD		Short		599,500		3.3086 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Â

Product description e.g. call option

Â

Number of securities

Â

Exercise price per unit

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

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

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?	Â	YES
Date of disclosure:		21 Jun 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 [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

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:	Â	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

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

ORD

Call Options

Purchased

760,000

4.0000

European

25 Jul 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

21 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

21 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

21 Jun 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 [phone].

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