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:	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	9 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?	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:		5,638,856		0.08%		15,616,521		0.23%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		12,968,171		0.19%		2,900,164		0.04%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,590,000		0.02%		2,000,000		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				20,197,027		0.29%		20,516,685		0.30%
											Â
Class of relevant security:		Â		Convertible Bond XS0475310396		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		580		3.0878 GBP
ORD		Purchase		1,000		36.8000 HKD
ORD		Purchase		1,665		3.0610 GBP
ORD		Purchase		5,000		36.9500 HKD
ORD		Purchase		7,700		37.1000 HKD
ORD		Purchase		8,300		37.0500 HKD
ORD		Purchase		8,421		3.0675 GBP
ORD		Purchase		14,019		3.0628 GBP
ORD		Purchase		14,113		3.0680 GBP
ORD		Purchase		24,000		3.0875 GBP
ORD		Purchase		26,515		3.0637 GBP
ORD		Purchase		69,828		3.0618 GBP
ORD		Purchase		76,233		3.0648 GBP
ORD		Purchase		128,202		3.0657 GBP
ORD		Purchase		197,700		37.2670 HKD
ORD		Purchase		416,901		3.0649 GBP
ORD		Purchase		650,000		3.0686 GBP
ORD		Sale		100		36.7500 HKD
ORD		Sale		203		3.0583 GBP
ORD		Sale		369		3.0907 GBP
ORD		Sale		940		3.0910 GBP
ORD		Sale		967		3.0629 GBP
ORD		Sale		1,000		37.6000 HKD
ORD		Sale		1,090		3.0567 GBP
ORD		Sale		1,100		36.8000 HKD
ORD		Sale		1,152		3.0554 GBP
ORD		Sale		1,511		3.0925 GBP
ORD		Sale		1,600		37.8000 HKD
ORD		Sale		2,092		3.0767 GBP
ORD		Sale		3,403		3.0630 GBP
ORD		Sale		3,500		36.9000 HKD
ORD		Sale		3,686		3.0592 GBP
ORD		Sale		5,300		37.0122 HKD
ORD		Sale		9,072		3.0609 GBP
ORD		Sale		9,100		37.0500 HKD
ORD		Sale		9,903		3.0605 GBP
ORD		Sale		12,144		3.0683 GBP
ORD		Sale		13,100		36.9500 HKD
ORD		Sale		13,633		3.0713 GBP
ORD		Sale		16,425		3.0656 GBP
ORD		Sale		19,400		37.1500 HKD
ORD		Sale		21,800		37.2500 HKD
ORD		Sale		23,845		3.0865 GBP
ORD		Sale		24,400		37.3000 HKD
ORD		Sale		25,073		3.0689 GBP
ORD		Sale		25,200		37.0000 HKD
ORD		Sale		27,529		3.0542 GBP
ORD		Sale		39,659		3.0662 GBP
ORD		Sale		41,880		3.0676 GBP
ORD		Sale		57,463		3.0612 GBP
ORD		Sale		58,700		37.1000 HKD
ORD		Sale		77,982		3.0632 GBP
ORD		Sale		94,500		37.3500 HKD
ORD		Sale		117,246		3.0673 GBP
ORD		Sale		120,651		3.0703 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		600		37.2528 HKD
ORD		CFD		Long		1,400		37.6081 HKD
ORD		SWAP		Long		3,403		3.0630 GBP
ORD		CFD		Long		16,700		3.0894 GBP
ORD		CFD		Long		16,700		36.9717 HKD
ORD		CFD		Long		22,553		3.0640 GBP
ORD		SWAP		Long		22,612		3.0687 GBP
ORD		SWAP		Long		23,845		3.0865 GBP
ORD		SWAP		Long		27,529		3.0542 GBP
ORD		SWAP		Long		66,953		3.0681 GBP
ORD		CFD		Long		71,650		3.0675 GBP
ORD		CFD		Short		14,113		3.0679 GBP
ORD		CFD		Short		16,700		3.0591 GBP
ORD		CFD		Short		16,700		37.0845 HKD
ORD		CFD		Short		22,853		3.0696 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 Â

Date of disclosure:	Â	10 Jul 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.

143221.01

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 Options

Purchased

380,000

4.0000

European

25 Jul 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

11 Jul 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

11 Jul 2012

ORD

Call Options

Purchased

210,000

3.1000

American

11 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

11 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 [phone].

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.