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

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:  

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:  

5 September 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: 1,623,339 0.02% 27,547,642 0.40%
           
(2) Derivatives (other than
options): 24,257,286 0.35% 515,609 0.01%
           
(3) Options and agreements to
purchase/sell: 4,863,800 0.07% 10,500,000 0.15%
           
(4) TOTAL:
30,744,425 0.44% 38,563,251 0.56%
 
Class of relevant security:   Convertible Bond XS0475310396      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 6,500,000 0.28% 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:
6,500,000 0.28% 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 300 46.9500 HKD
ORD Purchase 476 3.8705 GBP
ORD Purchase 500 46.7500 HKD
ORD Purchase 500 47.0500 HKD
ORD Purchase 700 46.8000 HKD
ORD Purchase 1,100 47.5500 HKD
ORD Purchase 1,400 47.1500 HKD
ORD Purchase 1,487 3.8772 GBP
ORD Purchase 2,400 47.2000 HKD
ORD Purchase 3,000 47.1000 HKD
ORD Purchase 3,069 3.8802 GBP
ORD Purchase 5,000 3.8950 GBP
ORD Purchase 5,000 47.3500 HKD
ORD Purchase 5,000 47.6500 HKD
ORD Purchase 6,187 3.8357 GBP
ORD Purchase 8,492 3.8564 GBP
ORD Purchase 11,500 47.6000 HKD
ORD Purchase 11,632 3.8582 GBP
ORD Purchase 13,191 3.8816 GBP
ORD Purchase 15,000 47.3000 HKD
ORD Purchase 18,500 47.5000 HKD
ORD Purchase 19,026 3.8834 GBP
ORD Purchase 20,100 47.4500 HKD
ORD Purchase 20,100 47.7000 HKD
ORD Purchase 52,800 47.4000 HKD
ORD Purchase 53,000 3.8654 GBP
ORD Purchase 53,000 3,8654 GBP
ORD Purchase 97,870 3.8732 GBP
ORD Purchase 103,078 3.8696 GBP
ORD Purchase 196,994 3.8992 GBP
ORD Purchase 232,232 3.8923 GBP
ORD Purchase 240,000 3.8722 GBP
ORD Purchase 344,325 3.8691 GBP
ORD Purchase 1,428,995 3.8774 GBP
ORD Purchase 2,633,078 3.8826 GBP
ORD Sale 1,400 47.1107 HKD
ORD Sale 3,000 47.1000 HKD
ORD Sale 3,055 3.8778 GBP
ORD Sale 4,599 3.8733 GBP
ORD Sale 4,984 3.8728 GBP
ORD Sale 6,969 3.8940 GBP
ORD Sale 13,170 3.8888 GBP
ORD Sale 13,938 3.8802 GBP
ORD Sale 14,200 3.8667 GBP
ORD Sale 22,932 3.8725 GBP
ORD Sale 27,802 3.8758 GBP
ORD Sale 28,676 3.8885 GBP
ORD Sale 30,432 3.8843 GBP
ORD Sale 40,000 3.8675 GBP
ORD Sale 48,900 47.3693 HKD
ORD Sale 78,354 3.8746 GBP
ORD Sale 81,622 3.8887 GBP
ORD Sale 83,901 3.8772 GBP
ORD Sale 88,314 3.8863 GBP
ORD Sale 110,307 3.8762 GBP
ORD Sale 150,000 3.8685 GBP
ORD Sale 200,000 3.8778 GBP
ORD Sale 263,145 3.8775 GBP
ORD Sale 293,256 3.8851 GBP
ORD Sale 300,000 3.8679 GBP
ORD Sale 630,401 3.8823 GBP
ORD Sale 650,000 3.8532 GBP
ORD Sale 659,757 3.8800 GBP
ORD Sale 1,000,000 3.8500 GBP
ORD Sale 1,680,059 3.8820 GBP
ORD (traded as ADR) Purchase 800 12.3500 USD
ORD (traded as ADR) Sale 800 12.3500 USD

(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 1,200 3.8915 GBP
ORD CFD Long 3,055 3.8561 GBP
ORD SWAP Long 5,800 3.8705 GBP
ORD SWAP Long 19,184 3.8683 GBP
ORD CFD Long 36,999 3.8623 GBP
ORD CFD Long 66,704 3.8791 GBP
ORD CFD Long 104,502 3.8788 GBP
ORD CFD Long 300,000 3.8679 GBP
ORD SWAP Long 1,000,000 3.8500 GBP
ORD CFD Short 3,600 3.8778 GBP
ORD CFD Short 53,000 3.8654 GBP
ORD CFD Short 53,000 3.8656 GBP
ORD CFD Short 86,600 3.8778 GBP
ORD CFD Short 109,800 3.8778 GBP
ORD SWAP Long 1,000,000 3.8500 GBP
ORD CFD Short 800 3.8926 GBP
ORD SWAP Short 19,026 3.8834 GBP
ORD CFD Short 32,950 3.8877 GBP
ORD CFD Short 66,704 3.8713 GBP
ORD CFD Short 104,600 47.5609 HKD
ORD CFD Short 111,569 3.8688 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:  

7 Sept 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.

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 Call Options Purchased 363,800 4.1000 European 16 Oct 2012
ORD Put Options Purchased 1,000,000 3.0000 American 7 Sep 2012
ORD Put Options Purchased 1,000,000 3.2000 American 7 Sep 2012
ORD Put Options Written -2,500,000 2.6000 American 7 Sep 2012
ORD Put Options Written -1,000,000 4.8000 American 7 Sep 2012
ORD Call Options Purchased 2,500,000 3.6000 American 7 Sep 2012
ORD Call Options Written -1,000,000 3.6000 American 7 Sep 2012
ORD Call Options Written -2,500,000 3.8000 American 7 Sep 2012
ORD Call Options Written -2,500,000 4.0000 American 7 Sep 2012
ORD Call Options Written -1,000,000 4.8000 American 7 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.

Companies

Glencore (GLEN)
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