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 (“RIâ€) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Codeâ€)
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 |
 |
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 |
11 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: Â 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 | Â | Short Positions | Â | ||||||||
 |  | Number | (%) | Number | (%) | ||||||
(1) | Relevant securities owned | ||||||||||
and/or controlled: | 5,106,131 | 0.07% | 15,651,051 | 0.23% | |||||||
 |  |  |  |  |  | ||||||
(2) | Derivatives (other than | ||||||||||
options): | 13,103,559 | 0.19% | 2,146,798 | 0.03% | |||||||
 |  |  |  |  |  | ||||||
(3) | Options and agreements to | ||||||||||
purchase/sell: | 1,590,000 | 0.02% | 2,000,000 | 0.03% | |||||||
 |  |  |  |  |  | ||||||
(4) | TOTAL: | ||||||||||
19,799,690 | 0.28% | 19,797,849 | 0.29% | ||||||||
 | |||||||||||
Class of relevant security: | Â | Convertible Bond XS0475310396 | Â | Â | Â | ||||||
Interests | Â | Short Positions | Â | ||||||||
 |  | Number | (%) | Number | (%) | ||||||
(1) | Relevant securities owned | ||||||||||
and/or controlled: | 2,000,000 | 0.09% | 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: | ||||||||||
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 | ||||
ORD | Purchase | 176 | 3.0715 GBP | ||||
ORD | Purchase | 500 | 37.2000 HKD | ||||
ORD | Purchase | 600 | 36.8500 HKD | ||||
ORD | Purchase | 1,583 | 3.1143 GBP | ||||
ORD | Purchase | 1,900 | 37.0500 HKD | ||||
ORD | Purchase | 2,000 | 36.8000 HKD | ||||
ORD | Purchase | 2,295 | 3.1180 GBP | ||||
ORD | Purchase | 2,300 | 36.9000 HKD | ||||
ORD | Purchase | 3,800 | 37.1500 HKD | ||||
ORD | Purchase | 3,912 | 3.1243 GBP | ||||
ORD | Purchase | 4,400 | 36.9500 HKD | ||||
ORD | Purchase | 4,400 | 37.1000 HKD | ||||
ORD | Purchase | 5,700 | 37.0000 HKD | ||||
ORD | Purchase | 5,700 | 37.2500 HKD | ||||
ORD | Purchase | 7,200 | 37.4500 HKD | ||||
ORD | Purchase | 7,614 | 3.1265 GBP | ||||
ORD | Purchase | 7,900 | 37.4000 HKD | ||||
ORD | Purchase | 8,064 | 3.1159 GBP | ||||
ORD | Purchase | 8,275 | 3.1196 GBP | ||||
ORD | Purchase | 8,600 | 37.3000 HKD | ||||
ORD | Purchase | 11,741 | 3.1286 GBP | ||||
ORD | Purchase | 12,000 | 37.3500 HKD | ||||
ORD | Purchase | 13,826 | 3.1167 GBP | ||||
ORD | Purchase | 32,141 | 3.1453 GBP | ||||
ORD | Purchase | 39,308 | 3.1458 GBP | ||||
ORD | Purchase | 53,872 | 3.1272 GBP | ||||
ORD | Purchase | 110,616 | 3.1444 GBP | ||||
ORD | Purchase | 243,243 | 3.1587 GBP | ||||
ORD | Purchase | 374,848 | 3.1442 GBP | ||||
ORD | Sale | 36 | 3.1345 GBP | ||||
ORD | Sale | 826 | 3.1004 GBP | ||||
ORD | Sale | 6,740 | 3.1267 GBP | ||||
ORD | Sale | 7,915 | 3.1087 GBP | ||||
ORD | Sale | 9,810 | 3.1305 GBP | ||||
ORD | Sale | 11,188 | 3.1407 GBP | ||||
ORD | Sale | 12,386 | 3.1618 GBP | ||||
ORD | Sale | 20,000 | 3.1547 GBP | ||||
ORD | Sale | 26,000 | 37.1490 HKD | ||||
ORD | Sale | 29,478 | 3.1620 GBP | ||||
ORD | Sale | 31,105 | 3.1415 GBP | ||||
ORD | Sale | 31,511 | 3.1212 GBP | ||||
ORD | Sale | 39,244 | 3.1294 GBP | ||||
ORD | Sale | 50,000 | 37.0860 HKD | ||||
ORD | Sale | 122,123 | 3.1401 GBP | ||||
ORD | Sale | 160,702 | 3.1348 GBP | ||||
ORD | Sale | 164,352 | 3.1148 GBP | ||||
ORD | Sale | 182,089 | 3.1222 GBP | ||||
ORD | Sale | 208,863 | 3.1690 GBP | ||||
ORD | Sale | 214,200 | 3.1630 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 | SWAP | Long | 1,368 | 3.1686 GBP | |||||
ORD | CFD | Long | 8,489 | 3.1382 GBP | |||||
ORD | SWAP | Long | 29,478 | 3.1620 GBP | |||||
ORD | SWAP | Long | 32,386 | 3.1574 GBP | |||||
ORD | SWAP | Long | 39,244 | 3.1294 GBP | |||||
ORD | CFD | Long | 41,000 | 3.0968 GBP | |||||
ORD | CFD | Long | 58,422 | 3.1034 GBP | |||||
ORD | CFD | Long | 160,702 | 3.1348 GBP | |||||
ORD | SWAP | Long | 164,352 | 3.1148 GBP | |||||
ORD | SWAP | Short | 176 | 3.0714 GBP | |||||
ORD | CFD | Short | 41,000 | 37.3128 HKD | |||||
ORD | CFD | Short | 45,644 | 3.1279 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. |
 | Expiry date |  | Option money paid/ received per unit |
(ii) Exercising
Class of relevant security | Â |
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 | Â |
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? | Â |
YES |
Date of disclosure: | Â |
16 Jul 2012 |
Contact name: | Â | Geoff Smith |
Telephone number: | Â | 020 7116 2913 |
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 “Codeâ€)
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 | |||||||||||||
 |  |  | relates |  |  |  | |||||||
ORD | Call Options | Purchased | 380,000 | 4.0000 | European | 25 Jul 2012 | |||||||
ORD | Put Options | Purchased | 1,000,000 | 3.2000 | American | 13 Jul 2012 | |||||||
ORD | Put Options | Written | -1,000,000 | 4.8000 | American | 13 Jul 2012 | |||||||
ORD | Call Options | Purchased | 210,000 | 3.1000 | American | 13 Jul 2012 | |||||||
ORD | Call Options | Written | -1,000,000 | 4.8000 | American | 13 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 (“CFDsâ€) or spread bets.
The currency of all prices and other monetary amounts should be stated.
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.