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:	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	16 February 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:		5,837,375		0.08%		8,034,564		0.12%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		8,128,921		0.12%		4,998,807		0.07%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		650,000		0.01%		2,825,900		0.04%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				14,616,296		0.21%		15,859,271		0.23%

	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:		3,000,000		0.13%		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:
				3,000,000		0.13%		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
ORD		Purchase		965		4.1717 GBP
ORD		Purchase		1,208		4.2183 GBP
ORD		Purchase		6,164		4.1868 GBP
ORD		Purchase		9,404		4.1982 GBP
ORD		Purchase		24,230		4.1990 GBP
ORD		Purchase		37,100		4.1971 GBP
ORD		Purchase		42,000		4.1848 GBP
ORD		Purchase		44,330		4.2152 GBP
ORD		Purchase		50,000		4.1852 GBP
ORD		Purchase		83,036		4.1933 GBP
ORD		Purchase		126,813		4.1890 GBP
ORD		Purchase		428,343		4.2008 GBP
ORD		Purchase		400		51.3000 HKD
ORD		Purchase		1,400		51.2000 HKD
ORD		Sale		400		51.3000 HKD
ORD		Sale		473		4.2121 GBP
ORD		Sale		550		4.2334 GBP
ORD		Sale		716		4.2660 GBP
ORD		Sale		1,000		51.4685 HKD
ORD		Sale		6,164		4.1868 GBP
ORD		Sale		6,312		4.1992 GBP
ORD		Sale		7,642		4.2223 GBP
ORD		Sale		15,811		4.1819 GBP
ORD		Sale		20,000		4.1976 GBP
ORD		Sale		26,719		4.2555 GBP
ORD		Sale		41,100		4.2107 GBP
ORD		Sale		41,176		4.1872 GBP
ORD		Sale		44,644		4.1959 GBP
ORD		Sale		86,947		4.2066 GBP
ORD		Sale		101,481		4.2101 GBP
ORD		Sale		101,549		4.1861 GBP
ORD		Sale		110,451		4.1935 GBP
ORD		Sale		112,037		4.1973 GBP
ORD		Sale		1,250,000		4.2141 GBP
ORD		Sale		500,000		4.1912 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		CFD		Long		1,000		51.4685 HKD
ORD		CFD		Long		1,528		4.1734 GBP
ORD		CFD		Long		10,131		4.2030 GBP
ORD		CFD		Long		500,000		4.1912 GBP
ORD		CFD		Short		1,400		51.2665 HKD
ORD		CFD		Short		2,170		4.2058 GBP
ORD		CFD		Short		6,707		4.1976 GBP
ORD		CFD		Short		9,752		4.1974 GBP
ORD		CFD		Short		11,200		4.1893 GBP
ORD		CFD		Short		18,210		4.2555 GBP
ORD		CFD		Short		21,030		4.2103 GBP
ORD		SWAP		Short		42,000		4.1848 GBP
ORD		CFD		Short		225,000		4.1909 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:		29 Feb 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 Option

Written

-1,000,000

4.8

American

18 Feb 2012

ORD

Call Option

Written

-250,000

4.6

American

18 Feb 2012

ORD

Call Option

Written

-250,000

4.8

American

18 Feb 2012

ORD

Call Option

Written

-75,900

4.38909648

European

6 Jul 2012

ORD

Call Option

Purchased

100,000

4.2

European

17 Feb 2012

ORD

Put Option

Written

-1,000,000

4.8

American

18 Feb 2012

ORD

Put Option

Written

-250,000

4.8

American

18 Feb 2012

ORD

Put Option

Purchased

100,000

3.8

European

28 Feb 2012

ORD

Put Option

Purchased

200,000

4.4

American

18 Feb 2012

ORD

Put Option

Purchased

250,000

4.4

American

18 Feb 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.