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	23 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

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
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		3,470,935		0.05%		16,738,929		0.24%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		15,347,562		0.22%		954,998		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,380,000		0.02%		2,000,000		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				20,198,497		0.29%		19,693,927		0.28%
											Â
Class of relevant security:		Â		Convertible Bond XS0475310396		Â		Â		Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		500,000		0.02%		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:
				500,000		0.02%		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		2,500,000		112.6500 USD
Convertible Bond		Sale		3,000,000		112.7500 USD
ORD		Purchase		4,149		3.0704 GBP
ORD		Purchase		5,000		3.0883 GBP
ORD		Purchase		6,293		3.0695 GBP
ORD		Purchase		12,814		3.0878 GBP
ORD		Purchase		13,098		3.0885 GBP
ORD		Purchase		13,308		3.0813 GBP
ORD		Purchase		17,800		37.4691 HKD
ORD		Purchase		18,871		3.0796 GBP
ORD		Purchase		29,619		3.0788 GBP
ORD		Purchase		37,354		3.0738 GBP
ORD		Purchase		76,923		3.0732 GBP
ORD		Purchase		99,963		3.0923 GBP
ORD		Purchase		145,234		3.0794 GBP
ORD		Purchase		185,218		3.0843 GBP
ORD		Purchase		239,500		37.5067 HKD
ORD		Purchase		332,802		3.0744 GBP
ORD		Purchase		351,258		3.0760 GBP
ORD		Sale		100		37.1000 HKD
ORD		Sale		100		38.1500 HKD
ORD		Sale		400		37.0500 HKD
ORD		Sale		1,100		38.0000 HKD
ORD		Sale		1,186		3.0885 GBP
ORD		Sale		1,300		37.7500 HKD
ORD		Sale		1,303		3.0759 GBP
ORD		Sale		1,400		37.3500 HKD
ORD		Sale		1,500		37.4000 HKD
ORD		Sale		1,600		3.0622 GBP
ORD		Sale		1,800		37.0000 HKD
ORD		Sale		1,900		38.1000 HKD
ORD		Sale		2,000		3.0749 GBP
ORD		Sale		2,200		37.2000 HKD
ORD		Sale		3,791		3.0771 GBP
ORD		Sale		4,199		3.0750 GBP
ORD		Sale		4,500		37.7000 HKD
ORD		Sale		6,039		3.0960 GBP
ORD		Sale		6,476		3.1023 GBP
ORD		Sale		6,900		3.1142 GBP
ORD		Sale		7,812		3.0969 GBP
ORD		Sale		8,100		3.0974 GBP
ORD		Sale		10,900		37.8500 HKD
ORD		Sale		15,200		37.5500 HKD
ORD		Sale		18,200		37.8000 HKD
ORD		Sale		20,270		3.0816 GBP
ORD		Sale		21,500		37.1500 HKD
ORD		Sale		21,500		37.2500 HKD
ORD		Sale		25,003		3.0812 GBP
ORD		Sale		32,300		37.3000 HKD
ORD		Sale		39,262		3.0707 GBP
ORD		Sale		40,000		37.6000 HKD
ORD		Sale		69,000		37.5000 HKD
ORD		Sale		71,406		3.0760 GBP
ORD		Sale		72,000		37.4500 HKD
ORD		Sale		83,887		3.0936 GBP
ORD		Sale		100,110		3.0856 GBP
ORD		Sale		243,675		3.0705 GBP
ORD		Sale		605,261		3.0781 GBP

(b)	Â	Derivatives transactions (other than options)	Â	Â	Â	Â	Â	Â
Class of		Product		Nature of dealing		Number of		Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		SWAP		Long		2,700		3.1067 GBP
ORD		CFD		Long		14,299		3.0678 GBP
ORD		SWAP		Long		15,000		3.1052 GBP
ORD		CFD		Long		59,600		37.3017 HKD
ORD		SWAP		Short		10,089		3.0728 GBP
ORD		CFD		Short		20,067		3.0744 GBP
ORD		CFD		Short		59,500		3.0837 GBP
ORD		CFD		Short		60,000		3.0608 GBP
ORD		SWAP		Short		114,277		3.0734 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	24 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.

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

25 Jul 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

25 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

25 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.