FORM 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

FORM 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

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:  

4 JULY 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: 6,406,478 0.09% 17,038,093 0.25%
           
(2) Derivatives (other than
options): 14,382,044 0.21% 4,008,406 0.06%
           
(3) Options and agreements to
purchase/sell: 1,590,000 0.02% 2,075,900 0.03%
           
(4) TOTAL:
22,378,522 0.32% 23,122,399 0.33%
 
Class of relevant security:   Convertible Bond XS0475310396      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 3,000,000 0.13% 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:
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:  
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 2,119 3.1154 GBP
ORD Purchase 12,813 3.1360 GBP
ORD Purchase 15,554 3.1272 GBP
ORD Purchase 16,602 3.1248 GBP
ORD Purchase 29,700 37.3479 HKD
ORD Purchase 46,742 3.1315 GBP
ORD Purchase 112,970 3.1241 GBP
ORD Purchase 130,088 3.1205 GBP
ORD Purchase 132,073 3.1259 GBP
ORD Purchase 284,587 3.1180 GBP
ORD Purchase 457,213 3.1221 GBP
ORD Sale 100 37.3500 HKD
ORD Sale 100 37.4500 HKD
ORD Sale 300 3.1255 GBP
ORD Sale 800 37.2000 HKD
ORD Sale 1,000 37.2019 HKD
ORD Sale 2,131 3.1418 GBP
ORD Sale 2,280 3.0646 GBP
ORD Sale 3,201 3.1259 GBP
ORD Sale 3,770 3.0983 GBP
ORD Sale 4,592 3.1186 GBP
ORD Sale 4,900 37.2500 HKD
ORD Sale 5,838 3.1092 GBP
ORD Sale 9,600 37.3000 HKD
ORD Sale 12,813 3.1361 GBP
ORD Sale 13,385 4.3182 GBP
ORD Sale 13,876 3.1195 GBP
ORD Sale 14,875 3.1137 GBP
ORD Sale 16,000 37.4000 HKD
ORD Sale 20,100 37.1500 HKD
ORD Sale 23,075 3.1032 GBP
ORD Sale 60,310 3.1171 GBP
ORD Sale 90,000 3.1205 GBP
ORD Sale 115,112 3.1206 GBP
ORD Sale 174,866 3.1107 GBP
ORD Sale 213,586 3.1182 GBP
ORD Sale 397,265 3.1122 GBP
ORD Sale 450,000 3.1297 GBP

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD CFD Long 1,000 37.2019 HKD
ORD CFD Long 2,179 3.1248 GBP
ORD CFD Long 2,821 3.1253 GBP
ORD CFD Long 4,592 3.1186 GBP
ORD SWAP Long 8,000 3.1307 GBP
ORD CFD Long 10,124 3.1134 GBP
ORD SWAP Long 13,876 3.1195 GBP
ORD CFD Long 15,365 3.0627 GBP
ORD CFD Long 21,900 37.1118 HKD
ORD CFD Long 500,440 3.1120 GBP
ORD CFD Short 3,015 3.1286 GBP
ORD CFD Short 4,000 3.0536 GBP
ORD CFD Short 11,094 3.0995 GBP
ORD CFD Short 21,900 3.0459 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:  

5 July 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 380,000 4.0000 European 25 Jul 2012
ORD Put Options Purchased 1,000,000 3.2000 American 6 Jul 2012
ORD Put Options Written -1,000,000 4.8000 American 6 Jul 2012
ORD Call Options Purchased 210,000 3.1000 American 6 Jul 2012
ORD Call Options Written -75,900 4.3890 European 6 Jul 2012
ORD Call Options Written -1,000,000 4.8000 American 6 Jul 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.

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Glencore (GLEN)
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