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	5 April 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:		936,863		0.01%		10,018,909		0.14%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		8,394,427		0.12%		381,329		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:
				9,581,290		0.14%		12,726,138		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:		1,600,000		0.07%		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:
				1,600,000		0.07%		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		160		12.8500 USD
ORD (traded as ADR)		Sale		160		12.8500 USD
ORD		Purchase		2,150,481		4.1100 GBP
ORD		Purchase		422		4.1024 GBP
ORD		Purchase		493		4.0918 GBP
ORD		Purchase		495		3.9251 GBP
ORD		Purchase		500		3.9566 GBP
ORD		Purchase		960		4.0986 GBP
ORD		Purchase		1,012		4.1153 GBP
ORD		Purchase		1,825		3.9630 GBP
ORD		Purchase		2,802		3.8896 GBP
ORD		Purchase		10,989		4.0667 GBP
ORD		Purchase		12,777		3.9703 GBP
ORD		Purchase		53,458		4.1125 GBP
ORD		Purchase		55,712		4.0631 GBP
ORD		Purchase		84,820		4.0118 GBP
ORD		Purchase		95,927		4.0612 GBP
ORD		Purchase		106,915		3.9260 GBP
ORD		Purchase		106,915		3.9476 GBP
ORD		Purchase		133,897		4.0599 GBP
ORD		Purchase		156,810		4.0627 GBP
ORD		Purchase		1,393,010		4.0531 GBP
ORD		Purchase		7,500		48.8000 HKD
ORD		Sale		300		49.0000 HKD
ORD		Sale		2,300		48.9500 HKD
ORD		Sale		3,600		48.5000 HKD
ORD		Sale		365		3.9285 GBP
ORD		Sale		700		48.9938 HKD
ORD		Sale		740		3.9296 GBP
ORD		Sale		785		3.9613 GBP
ORD		Sale		978		4.0774 GBP
ORD		Sale		1,000		3.8989 GBP
ORD		Sale		1,500		3.9150 GBP
ORD		Sale		1,512		3.9113 GBP
ORD		Sale		4,449		4.1175 GBP
ORD		Sale		7,500		48.8000 HKD
ORD		Sale		11,389		4.0985 GBP
ORD		Sale		13,325		3.9257 GBP
ORD		Sale		18,697		4.0926 GBP
ORD		Sale		20,177		3.9254 GBP
ORD		Sale		26,951		4.0403 GBP
ORD		Sale		30,741		4.0006 GBP
ORD		Sale		39,312		4.0922 GBP
ORD		Sale		53,000		3.9607 GBP
ORD		Sale		61,111		3.9311 GBP
ORD		Sale		108,922		3.9819 GBP
ORD		Sale		113,529		4.1111 GBP
ORD		Sale		116,426		4.0973 GBP
ORD		Sale		311,962		4.0349 GBP
ORD		Sale		381,710		3.9758 GBP
ORD		Sale		600,000		4.0200 GBP
ORD		Sale		871,882		4.1013 GBP
ORD		Sale		1,000,000		4.0760 GBP
ORD		Sale		1,000,000		4.1141 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		381,710		3.9758 GBP
ORD		CFD		Long		700		48.9938 HKD
ORD		CFD		Long		1,512		3.9113 GBP
ORD		CFD		Long		6,059		3.9524 GBP
ORD		CFD		Long		6,200		48.6295 HKD
ORD		CFD		Long		98,488		4.0079 GBP
ORD		CFD		Long		113,529		4.1111 GBP
ORD		CFD		Short		258		3.9348 GBP
ORD		CFD		Short		512		3.9758 GBP
ORD		CFD		Short		742		3.9347 GBP
ORD		CFD		Short		988		3.9757 GBP
ORD		CFD		Short		134,231		4.0525 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 Â

Date of disclosure:	Â	10 Apr 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

440.0000

American

7 Apr 2012

ORD

Put Options

Written

-1,000,000

480.0000

American

7 Apr 2012

ORD

Call Options

Written

-250,000

460.0000

American

7 Apr 2012

ORD

Call Options

Written

-1,000,000

480.0000

American

7 Apr 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.