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	10 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:		5,340,734		0.08%		15,535,600		0.22%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		12,989,310		0.19%		2,481,170		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:
				19,920,044		0.29%		20,016,770		0.29%

	Â		Â		Â		Â		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:		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		Purchase		2,000,000		114.6250 USD
Convertible Bond		Sale		3,000,000		115.4700 USD
ORD		Purchase		100		36.9000 HKD
ORD		Purchase		300		37.0000 HKD
ORD		Purchase		500		3.0870 GBP
ORD		Purchase		928		3.1069 GBP
ORD		Purchase		1,300		36.9500 HKD
ORD		Purchase		3,126		3.1371 GBP
ORD		Purchase		9,843		3.1111 GBP
ORD		Purchase		16,128		3.1225 GBP
ORD		Purchase		17,100		36.9099 HKD
ORD		Purchase		28,266		3.1190 GBP
ORD		Purchase		45,774		3.1293 GBP
ORD		Purchase		58,800		3.1055 GBP
ORD		Purchase		59,277		3.1261 GBP
ORD		Purchase		179,603		3.1274 GBP
ORD		Purchase		253,560		3.1507 GBP
ORD		Purchase		303,178		3.1310 GBP
ORD		Sale		355		3.1015 GBP
ORD		Sale		1,700		37.0000 HKD
ORD		Sale		4,301		3.1352 GBP
ORD		Sale		5,913		3.1022 GBP
ORD		Sale		6,538		3.1407 GBP
ORD		Sale		8,526		3.1057 GBP
ORD		Sale		8,961		3.1062 GBP
ORD		Sale		15,090		3.0966 GBP
ORD		Sale		15,400		36.9000 HKD
ORD		Sale		16,254		3.1298 GBP
ORD		Sale		26,740		3.1247 GBP
ORD		Sale		27,007		3.1045 GBP
ORD		Sale		50,135		3.1324 GBP
ORD		Sale		62,718		3.1397 GBP
ORD		Sale		69,621		3.1650 GBP
ORD		Sale		73,411		3.1152 GBP
ORD		Sale		139,242		3.1715 GBP
ORD		Sale		147,013		3.1243 GBP
ORD		Sale		151,354		3.1331 GBP
ORD		Sale		169,000		3.0949 GBP
ORD		Sale		181,892		3.1383 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		1,700		3.0832 GBP
ORD		SWAP		Long		6,538		3.1407 GBP
ORD		SWAP		Long		15,090		3.0966 GBP
ORD		SWAP		Long		27,007		3.1045 GBP
ORD		CFD		Long		44,582		3.1286 GBP
ORD		SWAP		Long		54,819		3.1375 GBP
ORD		CFD		Long		73,411		3.1152 GBP
ORD		CFD		Long		58,800		3.1083 GBP
ORD		SWAP		Long		244,610		3.1387 GBP
ORD		CFD		Short		1,700		37.0002 HKD
ORD		CFD		Short		25,924		3.1274 GBP
ORD		CFD		Short		58,800		3.1057 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:		11 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 [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 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

12 Jul 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

12 Jul 2012

ORD

Call Options

Purchased

210,000

3.1000

American

12 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

12 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.