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 Offeree
  principal trader is connected  
(d) Date position held/dealing undertaken: 19 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)

Class of relevant security:       ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 4,105,468 0.06% 16,944,785 0.24%
           
(2) Derivatives (other than
options): 15,256,628 0.22% 1,270,875 0.02%
           
(3) Options and agreements to
purchase/sell: 1,590,000 0.02% 2,000,000 0.03%
           
(4) TOTAL:
20,952,096 0.30% 20,215,660 0.29%
 
Class of relevant security:   Convertible Bond XS0475310396      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,000,000 0.04% 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:
1,000,000 0.04% 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 657 3.1998 GBP
ORD Purchase 702 3.1633 GBP
ORD Purchase 855 3.2245 GBP
ORD Purchase 900 38.5000 HKD
ORD Purchase 1,167 3.1871 GBP
ORD Purchase 2,158 3.1984 GBP
ORD Purchase 11,782 3.2039 GBP
ORD Purchase 30,124 3.2199 GBP
ORD Purchase 67,700 3.2040 GBP
ORD Purchase 71,520 3.1862 GBP
ORD Purchase 79,009 3.2255 GBP
ORD Purchase 86,299 3.2173 GBP
ORD Purchase 89,439 3.2062 GBP
ORD Purchase 128,905 3.2179 GBP
ORD Purchase 200,000 TRANSFER
ORD Purchase 508,273 3.2152 GBP
ORD Sale 332 3.1929 GBP
ORD Sale 835 3.1850 GBP
ORD Sale 1,545 3.1838 GBP
ORD Sale 1,846 3.1875 GBP
ORD Sale 2,505 3.2010 GBP
ORD Sale 4,400 3.2359 GBP
ORD Sale 6,299 3.1895 GBP
ORD Sale 6,466 3.2200 GBP
ORD Sale 12,470 3.2104 GBP
ORD Sale 13,479 3.2034 GBP
ORD Sale 23,007 3.2381 GBP
ORD Sale 58,252 3.2119 GBP
ORD Sale 61,426 3.2154 GBP
ORD Sale 100,331 3.2200 GBP
ORD Sale 188,207 3.2270 GBP
ORD Sale 197,577 3.2054 GBP
ORD Sale 200,000 TRANSFER
ORD Sale 268,913 3.1971 GBP
ORD Sale 331,027 3.2073 GBP
ORD (traded as ADR) Purchase 800 10.1900 USD
ORD (traded as ADR) Sale 800 10.1900 USD

(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 900 3.1777 GBP
ORD SWAP Long 1,300 3.2452 GBP
ORD CFD Long 16,200 3.1872 GBP
ORD SWAP Long 27,407 3.2378 GBP
ORD SWAP Long 79,022 4.0556 GBP
ORD SWAP Long 79,022 4.0743 GBP
ORD CFD Long 80,000 3.1940 GBP
ORD SWAP Long 82,000 3.2194 GBP
ORD SWAP Long 94,827 3.9688 GBP
ORD CFD Long 100,000 3.1845 GBP
ORD SWAP Long 107,217 4.1755 GBP
ORD CFD Long 200,000 38.5000 HKD
ORD SWAP Long 889,405 3.8726 GBP
ORD CFD Short 800 3.2362 GBP
ORD CFD Short 900 38.5462 HKD
ORD SWAP Short 11,509 3.2059 GBP
ORD CFD Short 13,389 3.1908 GBP
ORD CFD Short 15,323 3.2315 GBP
ORD CFD Short 15,350 3.2231 GBP
ORD SWAP Short 79,482 3.2040 GBP
ORD CFD Short 200,000 3.1751 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 security   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   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:  

23 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 21 Jul 2012
ORD Put Options Written -1,000,000 4.8000 American 21 Jul 2012
ORD Call Options Purchased 210,000 3.1000 American 21 Jul 2012
ORD Call Options Written -1,000,000 4.8000 American 21 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 +44 (0)20 7638 0129.

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

Companies

Glencore (GLEN)
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