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: 10 April 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: 1,067,802 0.02% 10,254,547 0.15%
           
(2) Derivatives (other than
options): 9,328,536 0.13% 494,909 0.01%
           
(3) Options and agreements to
purchase/sell: 250,000 0.00% 2,250,000 0.03%
           
(4) TOTAL:
10,646,338 0.16% 12,999,456 0.19%
Class of relevant security:       Convertible Bond            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,600,000 0.07% 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:
1,600,000 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:  
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   324   3.9320 GBP
ORD   Purchase   497   3.9911 GBP
ORD   Purchase   3,540   4.0408 GBP
ORD   Purchase   9,247   4.0100 GBP
ORD   Purchase   24,981   3.9965 GBP
ORD   Purchase   26,729   3.9990 GBP
ORD   Purchase   53,200   49.8736 HKD
ORD   Purchase   54,315   3.9953 GBP
ORD   Purchase   110,043   3.9981 GBP
ORD   Purchase   146,789   3.9645 GBP
ORD   Purchase   213,831   4.0150 GBP
ORD   Purchase   301,848   4.0282 GBP
ORD   Purchase   484,366   3.9993 GBP
ORD   Purchase   812,393   4.0020 GBP
ORD   Sale   7,200   4.3598 GBP
ORD   Sale   74   4.0121 GBP
ORD   Sale   95   4.0435 GBP
ORD   Sale   100   4.0096 GBP
ORD   Sale   100   50.1500 HKD
ORD   Sale   116   4.0163 GBP
ORD   Sale   150   4.0081 GBP
ORD   Sale   250   3.9535 GBP
ORD   Sale   497   4.0189 GBP
ORD   Sale   500   4.0071 GBP
ORD   Sale   746   4.0171 GBP
ORD   Sale   1,300   4.0089 GBP
ORD   Sale   1,500   3.9486 GBP
ORD   Sale   1,671   3.9642 GBP
ORD   Sale   1,967   4.0070 GBP
ORD   Sale   2,003   4.0079 GBP
ORD   Sale   2,005   3.9923 GBP
ORD   Sale   5,065   3.9562 GBP
ORD   Sale   6,600   4.0088 GBP
ORD   Sale   7,892   3.9676 GBP
ORD   Sale   8,740   3.9979 GBP
ORD   Sale   14,132   3.9895 GBP
ORD   Sale   25,570   3.9840 GBP
ORD   Sale   40,000   3.9515 GBP
ORD   Sale   63,400   4.0122 GBP
ORD   Sale   85,313   3.9522 GBP
ORD   Sale   100,618   3.9802 GBP
ORD   Sale   103,000   4.0190 GBP
ORD   Sale   252,070   3.9859 GBP
ORD   Sale   1,560,928   4.0087 GBP

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
N/A SWAP Long 152,684 4.0160 GBP
N/A SWAP Long 152,684 4.0859 GBP
ORD CFD Long 2,005 3.9923 GBP
ORD CFD Long 8,202 4.0166 GBP
ORD CFD Long 10,503 3.9975 GBP
ORD CFD Long 40,000 3.9515 GBP
ORD CFD Long 57,740 3.9940 GBP
ORD CFD Long 86,676 4.0117 GBP
ORD CFD Short 1,260 4.0077 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class   Product   Writing,   Number   Exercise   Type   Expiry   Option
of description purchasing, of price date money
relevant selling, securities per unit paid/
security varying etc to which received
option per unit
      relates        
N/A Single Stock Option Put Purchasing 600,000 3.75 GBP Europe 24 Apr 2012 -0.0003 GBP

(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:  

11 Apr 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 Written -75,900 4.3890 European 6 Jul 2012
ORD Put Options Purchased 250,000 440.0000 American 12 Apr 2012
ORD Put Options Written -1,000,000 480.0000 American 12 Apr 2012
ORD Call Options Written -250,000 460.0000 American 12 Apr 2012
ORD Call Options Written -1,000,000 480.0000 American 12 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 +44 (0)20 7638 0129.

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

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