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:		23 May 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect
Â		of any other party to this offer?		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:	Â	Â	Â	ORD
				Interests			Â	Short Positions
Â		Â		Number	Â	(%)		Number	Â	(%)
(1)		Relevant securities owned
		and/or controlled:		1,668,794		0.02%		11,462,866		0.17%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		9,727,915		0.14%		812,601		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		250,000		0.00%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				11,646,709		0.16%		14,601,367		0.21%
											Â
Class of relevant security:		Â		Convertible Bond
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		3,300,000		0.14%		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:
				3,300,000		0.14%		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		400,000		119.7500 USD
ORD		Purchase		700		43.6428 HKD
ORD		Purchase		1,726		3.4509 GBP
ORD		Purchase		15,041		3.4652 GBP
ORD		Purchase		39,358		3.4195 GBP
ORD		Purchase		40,000		3.4283 GBP
ORD		Purchase		40,019		3.4362 GBP
ORD		Purchase		42,611		3.4231 GBP
ORD		Purchase		43,968		3.4380 GBP
ORD		Purchase		53,443		3.4170 GBP
ORD		Purchase		53,443		3.4265 GBP
ORD		Purchase		83,000		3.4428 GBP
ORD		Purchase		202,915		3.4352 GBP
ORD		Purchase		431,300		3.4336 GBP
ORD		Purchase		485,170		3.4307 GBP
ORD		Purchase		3,370		3.5430 GBP
ORD		Purchase		5,519		3.4365 GBP
ORD		Purchase		40,000		3.4264 GBP
ORD		Purchase		600		43.2000 HKD
ORD		Purchase		574		3.4468 GBP
ORD		Sale		100		43.3000 HKD
ORD		Sale		100		43.6000 HKD
ORD		Sale		400		43.3500 HKD
ORD		Sale		600		43.6500 HKD
ORD		Sale		700		43.4000 HKD
ORD		Sale		830		3.4189 GBP
ORD		Sale		100		43.3440 HKD
ORD		Sale		347		3.4222 GBP
ORD		Sale		600		43.2000 HKD
ORD		Sale		615		3.4362 GBP
ORD		Sale		1,111		3.4593 GBP
ORD		Sale		1,500		3.4130 GBP
ORD		Sale		4,600		3.6160 GBP
ORD		Sale		5,317		3.4273 GBP
ORD		Sale		5,497		3.4284 GBP
ORD		Sale		10,000		3.4358 GBP
ORD		Sale		10,000		3.4481 GBP
ORD		Sale		11,756		3.4310 GBP
ORD		Sale		14,099		3.4254 GBP
ORD		Sale		17,733		3.4240 GBP
ORD		Sale		20,000		3.4956 GBP
ORD		Sale		20,000		3.4962 GBP
ORD		Sale		24,718		3.4365 GBP
ORD		Sale		33,000		3.4925 GBP
ORD		Sale		40,000		3.4384 GBP
ORD		Sale		49,112		3.4276 GBP
ORD		Sale		129,084		3.4287 GBP
ORD		Sale		152,753		3.4303 GBP
ORD		Sale		348,215		3.4348 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		100		43.3440 HKD
ORD		CFD		Long		1,200		43.3186 HKD
ORD		CFD		Long		7,065		3.4416 GBP
ORD		CFD		Long		110,029		3.4269 GBP
ORD		SWAP		Short		574		3.4467 GBP
ORD		CFD		Short		3,800		3.4586 GBP
ORD		CFD		Short		4,084		3.4464 GBP
ORD		CFD		Short		4,279		3.4260 GBP
ORD		CFD		Short		5,621		3.4931 GBP
ORD		CFD		Short		6,000		3.4927 GBP
ORD		CFD		Short		7,359		3.4883 GBP
ORD		CFD		Short		40,000		3.4407 GBP
ORD		SWAP		Short		253,246		3.4217 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:		1 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 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

Put Options

Purchased

250,000

4.4000

American

25 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

25 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

25 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

25 May 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.