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 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:

 

Advisor to Offeree

(d) Date position held/dealing undertaken:  

28 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?  

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:       ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,149,069 0.02% 8,797,052 0.13%
           
(2) Derivatives (other than
options): 7,341,786 0.11% 602,907 0.01%
           
(3) Options and agreements to
purchase/sell: 250,000 0.00% 2,325,900 0.03%
           
(4) TOTAL:
8,740,855 0.13% 11,725,859 0.17%
 
 
Class of relevant security:   Convertible Bond      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,800,000 0.08% 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:
1,800,000 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:  
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 100 48.3000 HKD
ORD Purchase 100 48.4500 HKD
ORD Purchase 145 3.8745 GBP
ORD Purchase 300 48.3333 HKD
ORD Purchase 369 3.8780 GBP
ORD Purchase 1,693 3.8680 GBP
ORD Purchase 2,975 3.8928 GBP
ORD Purchase 3,909 3.8481 GBP
ORD Purchase 5,644 3.8710 GBP
ORD Purchase 7,503 3.8407 GBP
ORD Purchase 9,189 3.8689 GBP
ORD Purchase 12,000 48.0000 HKD
ORD Purchase 12,006 3.8475 GBP
ORD Purchase 13,529 3.8626 GBP
ORD Purchase 26,729 3.8395 GBP
ORD Purchase 26,729 3.9050 GBP
ORD Purchase 33,914 3.8563 GBP
ORD Purchase 38,616 3.8852 GBP
ORD Purchase 47,000 3.8519 GBP
ORD Purchase 151,542 3.8731 GBP
ORD Purchase 250,000 3.8409 GBP
ORD Purchase 275,000 3.9232 GBP
ORD Purchase 400,000 3.8788 GBP
ORD Purchase 159 6.0700 USD
ORD Sale 159 6.0700 USD
ORD Sale 100 48.2000 HKD
ORD Sale 200 48.4500 HKD
ORD Sale 209 3.8482 GBP
ORD Sale 250 3.8227 GBP
ORD Sale 277 3.8602 GBP
ORD Sale 300 48.3500 HKD
ORD Sale 300 48.4000 HKD
ORD Sale 300 48.6000 HKD
ORD Sale 500 48.5500 HKD
ORD Sale 600 3.8768 GBP
ORD Sale 764 3.9089 GBP
ORD Sale 1,000 3.8931 GBP
ORD Sale 1,157 3.8595 GBP
ORD Sale 1,177 3.8421 GBP
ORD Sale 1,300 3.8347 GBP
ORD Sale 1,500 3.8851 GBP
ORD Sale 3,143 3.8552 GBP
ORD Sale 6,760 3.8609 GBP
ORD Sale 10,117 3.8666 GBP
ORD Sale 12,000 48.0000 HKD
ORD Sale 19,407 3.8545 GBP
ORD Sale 25,630 3.8888 GBP
ORD Sale 29,625 3.8710 GBP
ORD Sale 45,871 3.8690 GBP
ORD Sale 63,087 3.8416 GBP
ORD Sale 64,237 3.8626 GBP
ORD Sale 67,438 3.8529 GBP
ORD Sale 153,942 3.8537 GBP
ORD Sale 195,769 3.9183 GBP
ORD Sale 230,000 3.8853 GBP
ORD Sale 350,000 3.9208 GBP

(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 162 3.8452 GBP
ORD CFD Long 307 3.8447 GBP
ORD CFD Long 362 3.8557 GBP
ORD CFD Long 472 3.8612 GBP
ORD CFD Long 1,300 48.4331 HKD
ORD CFD Long 59,198 3.8383 GBP
N/A SWAP Long 545,769 3.9199 GBP
ORD CFD Short 100 48.3580 HKD
ORD CFD Short 200 3.8507 GBP
N/A SWAP Short 1,059 4.1848 GBP
ORD CFD Short 5,644 3.8710 GBP
ORD CFD Short 13,529 3.8626 GBP
ORD CFD Short 48,877 3.8981 GBP
ORD CFD Short 116,150 3.8567 GBP
ORD CFD Short 250,000 3.8409 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:  

30 March 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 person whose open positions are being disclosed:  

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   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 Put Options Purchased 250,000 4.4000 American 31 Mar 2012
ORD Put Options Written -1,000,000 4.8000 American 31 Mar 2012
ORD Call Options Written -75,900 4.3890 European 6 Jul 2012
ORD Call Options Written -250,000 4.6000 American 31 Mar 2012
ORD Call Options Written -1,000,000 4.8000 American 31 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 +44 (0)20 7638 0129.

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

Companies

Glencore (GLEN)
UK 100