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 Â
(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	22 March 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:		1,919,168		0.03%		9,149,163		0.13%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		7,737,765		0.11%		775,749		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		250,000		0.00%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				9,906,933		0.14%		12,250,812		0.18%
											Â
											Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,800,000		0.08%		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:
				1,800,000		0.08%		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 (traded as ADR)		Purchase		866		13.0900 USD
ORD (traded as ADR)		Sale		866		13.0900 USD
ORD		Purchase		873		4.1255 GBP
ORD		Purchase		1,689		4.0273 GBP
ORD		Purchase		2,798		4.0031 GBP
ORD		Purchase		3,489		4.0240 GBP
ORD		Purchase		3,559		4.0350 GBP
ORD		Purchase		4,001		4.0303 GBP
ORD		Purchase		4,942		4.0241 GBP
ORD		Purchase		5,413		4.0463 GBP
ORD		Purchase		31,250		4.0701 GBP
ORD		Purchase		35,046		4.0261 GBP
ORD		Purchase		51,543		4.0902 GBP
ORD		Purchase		100,000		4.0086 GBP
ORD		Purchase		106,907		4.0301 GBP
ORD		Purchase		873		6.5304 USD
ORD		Purchase		1,687		4.0350 GBP
ORD		Purchase		200		50.9500 HKD
ORD		Purchase		1,500		51.0000 HKD
ORD		Sale		800		50.8500 HKD
ORD		Sale		1,600		51.0000 HKD
ORD		Sale		200		4.0280 GBP
ORD		Sale		250		4.0092 GBP
ORD		Sale		500		4.0082 GBP
ORD		Sale		1,000		4.0339 GBP
ORD		Sale		1,245		4.0031 GBP
ORD		Sale		1,340		4.0111 GBP
ORD		Sale		1,412		4.0288 GBP
ORD		Sale		2,200		4.0137 GBP
ORD		Sale		3,107		4.0100 GBP
ORD		Sale		3,600		4.0262 GBP
ORD		Sale		4,649		4.0245 GBP
ORD		Sale		14,494		4.0127 GBP
ORD		Sale		44,000		4.0204 GBP
ORD		Sale		47,848		4.0506 GBP
ORD		Sale		54,017		4.0323 GBP
ORD		Sale		67,318		4.0269 GBP
ORD		Sale		82,100		4.0244 GBP
ORD		Sale		167,780		4.0320 GBP
ORD		Sale		318,489		4.0275 GBP
ORD		Sale		608,002		4.0346 GBP
ORD		Sale		520		4.1255 GBP
ORD		Sale		873		6.5304 USD
ORD		Sale		619,000		4.0146 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		1,000		4.0032 GBP
ORD		CFD		Long		1,700		4.1251 GBP
ORD		CFD		Long		2,400		50.8837 HKD
ORD		CFD		Long		2,553		4.0283 GBP
ORD		CFD		Long		47,848		4.0506 GBP
ORD		CFD		Long		128,767		4.0213 GBP
ORD		CFD		Long		244,129		4.0463 GBP
ORD		CFD		Long		308,054		4.0368 GBP
ORD		CFD		Short		157		4.0168 GBP
ORD		CFD		Short		157		4.0288 GBP
ORD		CFD		Short		157		4.0323 GBP
ORD		CFD		Short		158		4.0148 GBP
ORD		CFD		Short		158		4.0263 GBP
ORD		CFD		Short		204		4.0107 GBP
ORD		CFD		Short		300		4.0223 GBP
ORD		CFD		Short		796		4.0097 GBP
ORD		CFD		Short		831		4.0058 GBP
ORD		CFD		Short		1,700		51.0553 HKD
ORD		CFD		Short		2,158		4.0093 GBP
ORD		CFD		Short		2,500		4.0335 GBP
ORD		CFD		Short		3,353		4.0138 GBP
ORD		CFD		Short		3,419		4.0098 GBP
ORD		CFD		Short		100,000		4.0086 GBP
ORD		CFD		Short		73,928		4.0922 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:	Â	23 Mar 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].

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

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Put Options

Purchased

250,000

4.4000

American

24 Mar 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

24 Mar 2012

ORD

Call Options

Written

-250,000

4.6000

American

24 Mar 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

24 Mar 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.