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

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)	Â	Name of exempt principal trader:	Â	Barclays Capital Securities Ltd
(b)		Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
Â		relevant securities this form relates:		Â
(c)		Name of the party to the offer with which exempt		Advisor to Offeree
Â		principal trader is connected		Â
(d)		Date position held/dealing undertaken:		17 February 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect		XSTRATA PLC
Â		of any other party to this offer?		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	ORD
	Â			Interests			Â	Short Positions
Â		Â		Number	Â	(%)		Number	Â	(%)
(1)		Relevant securities owned
		and/or controlled:		5,443,286		0.08%		7,749,622		0.11%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		8,178,921		0.12%		4,971,558		0.07%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		550,000		0.01%		2,750,000		0.04%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				14,172,207		0.21%		15,471,180		0.22%
											Â
Glencore
Class of relevant security:				Convertible Bond
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		2,000,000		0.09%		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:
				2,000,000		0.09%		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		Sale		1,000,000		133.6250 USD
ORD		Purchase		41		4.3250 GBP
ORD		Purchase		928		4.2778 GBP
ORD		Purchase		1,000		4.3148 GBP
ORD		Purchase		1,200		4.2684 GBP
ORD		Purchase		1,955		4.3241 GBP
ORD		Purchase		2,000		4.3453 GBP
ORD		Purchase		2,050		4.3651 GBP
ORD		Purchase		3,000		4.3042 GBP
ORD		Purchase		6,745		4.3323 GBP
ORD		Purchase		12,200		52.5525 HKD
ORD		Purchase		16,726		4.3285 GBP
ORD		Purchase		17,524		4.3258 GBP
ORD		Purchase		90,719		4.3410 GBP
ORD		Purchase		100,000		4.2000 GBP
ORD		Purchase		123,790		4.2631 GBP
ORD		Purchase		125,703		4.3359 GBP
ORD		Purchase		127,440		4.3192 GBP
ORD		Purchase		423,029		4.2999 GBP
ORD		Purchase		500,000		4.3408 GBP
ORD		Purchase		600		52.4500 HKD
ORD		Sale		100		52.5500 HKD
ORD		Sale		100		52.6000 HKD
ORD		Sale		100		52.6500 HKD
ORD		Sale		100		52.4500 HKD
ORD		Sale		270		4.3160 GBP
ORD		Sale		1,000		4.3436 GBP
ORD		Sale		2,064		4.2746 GBP
ORD		Sale		2,068		4.2703 GBP
ORD		Sale		2,090		4.3061 GBP
ORD		Sale		5,500		4.3284 GBP
ORD		Sale		5,515		4.3321 GBP
ORD		Sale		6,745		4.3323 GBP
ORD		Sale		8,670		4.3341 GBP
ORD		Sale		13,572		4.3324 GBP
ORD		Sale		16,258		4.3000 GBP
ORD		Sale		18,789		4.3291 GBP
ORD		Sale		47,329		4.3352 GBP
ORD		Sale		50,000		4.2657 GBP
ORD		Sale		68,126		4.3441 GBP
ORD		Sale		69,851		4.3310 GBP
ORD		Sale		85,612		4.3211 GBP
ORD		Sale		106,875		4.3495 GBP
ORD		Sale		109,967		4.3594 GBP
ORD		Sale		114,142		4.3370 GBP
ORD		Sale		125,382		4.3017 GBP
ORD		Sale		137,396		4.2820 GBP
ORD		Sale		220,000		4.3288 GBP
ORD		Sale		433,876		4.3422 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		300		52.5334 HKD
ORD		CFD		Long		8,249		4.3186 GBP
ORD		CFD		Long		41,004		4.3372 GBP
ORD		CFD		Short		296		4.2917 GBP
ORD		CFD		Short		500		52.5163 HKD
ORD		CFD		Short		9,308		4.3312 GBP
ORD		CFD		Short		12,200		52.5525 HKD

(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	Â	Product description	Â	Number of	Â	Exercise price per
security		Â		securities		unit
ORD		Call Options		100,000		4.2 GBP

(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:	Â	29 Feb 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	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 the person whose positions/dealings	Â	Barclays Capital Securities Ltd
are being disclosed:		Â
Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
relevant securities this from relates:		Â

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

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Put Options

Purchased

100,000

3.8000

European

28 Feb 2012

ORD

Put Options

Purchased

450,000

4.4000

American

19 Feb 2012

ORD

Put Options

Written

-1,250,000

4.8000

American

19 Feb 2012

ORD

Call Options

Written

-250,000

4.6000

American

19 Feb 2012

ORD

Call Options

Written

-1,250,000

4.8000

American

19 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.