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   GLENCORE INTL PLC
    relevant securities this form relates:    
(c) Name of the party to the offer with which exempt Advisor to Offeror
    principal trader is connected    
(d)   Date position held/dealing undertaken:   6 July 2012
(e) Has the EPT previously disclosed, or is it YES:
today disclosing, under the Code in respect
    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)

    Interests   Short Positions
        Number   (%)   Number   (%)
(1) Relevant securities owned      
and/or controlled: 5,473,447 0.08% 16,219,271 0.23%
                     
(2) Derivatives (other than
options): 13,546,821 0.20% 3,032,393 0.04%
                   
(3) Options and agreements to
purchase/sell: 1,590,000 0.02% 2,000,000 0.03%
                     
(4) TOTAL:
20,610,268 0.30% 21,251,664 0.31%
 
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   1,042   3.1179 GBP
ORD   Purchase   1,400   3.1035 GBP
ORD   Purchase   5,048   3.1275 GBP
ORD   Purchase   22,442   3.1038 GBP
ORD   Purchase   25,157   3.1151 GBP
ORD   Purchase   30,100   3.0960 GBP
ORD   Purchase   81,025   3.1233 GBP
ORD   Purchase   97,832   3.1112 GBP
ORD   Purchase   136,508   3.1208 GBP
ORD   Purchase   150,000   38.0242 HKD
ORD   Purchase   205,669   3.1129 GBP
ORD   Sale   100   3.0961 GBP
ORD   Sale   500   3.0950 GBP
ORD   Sale   606   3.1290 GBP
ORD   Sale   894   3.1233 GBP
ORD   Sale   1,950   3.1217 GBP
ORD   Sale   2,900   37.8500 HKD
ORD   Sale   4,200   37.8000 HKD
ORD   Sale   6,044   3.1010 GBP
ORD   Sale   8,962   3.1117 GBP
ORD   Sale   9,351   3.0967 GBP
ORD   Sale   13,200   4.3598 GBP
ORD   Sale   13,590   3.1029 GBP
ORD   Sale   15,221   3.1025 GBP
ORD   Sale   19,799   3.1304 GBP
ORD   Sale   23,012   3.1251 GBP
ORD   Sale   28,313   3.1312 GBP
ORD   Sale   44,566   3.1037 GBP
ORD   Sale   45,824   3.1068 GBP
ORD   Sale   48,000   38.0000 HKD
ORD   Sale   48,176   3.1184 GBP
ORD   Sale   80,000   3.0959 GBP
ORD   Sale   96,200   38.0500 HKD
ORD   Sale   106,442   3.1188 GBP
ORD   Sale   132,156   3.1101 GBP
ORD   Sale   287,490   3.1150 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   1,300   37.8776 HKD
ORD   CFD   Long   12,471   3.1096 GBP
ORD   SWAP   Long   14,785   3.1025 GBP
ORD   SWAP   Long   23,012   3.1251 GBP
ORD   CFD   Long   80,000   3.0959 GBP
ORD   CFD   Long   118,672   3.1153 GBP
ORD   CFD   Long   216,166   3.1118 GBP
ORD   CFD   Short   2,500   3.1414 GBP
ORD   CFD   Short   12,613   3.1265 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   Product description   Number of   Exercise price per
security       securities   unit
ORD   Call Options   1,518   4.3891 GBP
ORD   Call Options   759   4.3891 GBP

(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:  

9 Jul 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 the person whose positions/dealings BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:  
Name of offeror/offeree in relation to whose GLENCORE INTL PLC
relevant securities this from relates:  
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 8 Jul 2012
ORD Put Options Written -1,000,000 4.8000 American 8 Jul 2012
ORD Call Options Purchased 210,000 3.1000 American 8 Jul 2012
ORD Call Options Written -1,000,000 4.8000 American 8 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:    

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