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	18 Oct 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:		3,138,473		0.04%		31,480,365		0.44%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		28,378,450		0.40%		950,389		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,363,800		0.02%		250,000		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				32,880,723		0.46%		32,680,754		0.46%
Â		Â		Â		Â		Â		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:		4,700,000		0.20%		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:
				4,700,000		0.20%		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		Purchase		100		43.3000 HKD
ORD		Purchase		100		43.8500 HKD
ORD		Purchase		138		3.5330 GBP
ORD		Purchase		500		43.9500 HKD
ORD		Purchase		1,500		3.5304 GBP
ORD		Purchase		1,600		3.5065 GBP
ORD		Purchase		1,800		43.4500 HKD
ORD		Purchase		2,200		43.9000 HKD
ORD		Purchase		3,260		3.5316 GBP
ORD		Purchase		3,300		44.0000 HKD
ORD		Purchase		3,400		43.4000 HKD
ORD		Purchase		3,405		3.5176 GBP
ORD		Purchase		3,800		43.5500 HKD
ORD		Purchase		4,600		43.8000 HKD
ORD		Purchase		4,698		3.5161 GBP
ORD		Purchase		6,600		43.5000 HKD
ORD		Purchase		13,300		43.6000 HKD
ORD		Purchase		16,091		3.5029 GBP
ORD		Purchase		18,992		3.5025 GBP
ORD		Purchase		22,731		3.5210 GBP
ORD		Purchase		51,073		3.5241 GBP
ORD		Purchase		58,275		3.5279 GBP
ORD		Purchase		122,446		3.5197 GBP
ORD		Purchase		251,808		3.5000 GBP
ORD		Purchase		354,786		3.5054 GBP
ORD		Purchase		959,302		3.5216 GBP
ORD		Sale		100		43.1000 HKD
ORD		Sale		1,100		43.5500 HKD
ORD		Sale		1,859		3.5094 GBP
ORD		Sale		3,300		3.5248 GBP
ORD		Sale		3,300		44.0000 HKD
ORD		Sale		5,562		3.5192 GBP
ORD		Sale		5,580		3.5251 GBP
ORD		Sale		7,314		3.5191 GBP
ORD		Sale		9,491		3.5255 GBP
ORD		Sale		11,675		3.4900 GBP
ORD		Sale		16,924		3.5062 GBP
ORD		Sale		19,422		3.4863 GBP
ORD		Sale		21,288		3.5181 GBP
ORD		Sale		25,583		3.5188 GBP
ORD		Sale		29,303		3.5208 GBP
ORD		Sale		33,779		3.5084 GBP
ORD		Sale		36,400		43.5986 HKD
ORD		Sale		76,300		3.4585 GBP
ORD		Sale		78,606		3.5204 GBP
ORD		Sale		112,349		3.5145 GBP
ORD		Sale		459,028		3.5095 GBP
ORD		Sale		747,857		3.5185 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		CFD		Long		100		43.4977 HKD
ORD		CFD		Long		1,000		43.4527 HKD
ORD		SWAP		Long		3,300		3.5248 GBP
ORD		CFD		Long		5,335		3.5052 GBP
ORD		SWAP		Long		10,100		3.5204 GBP
ORD		CFD		Long		20,876		3.5398 GBP
ORD		CFD		Long		28,778		3.5123 GBP
ORD		CFD		Long		30,601		3.5219 GBP
ORD		CFD		Long		64,418		3.5074 GBP
ORD		CFD		Long		76,300		3.4585 GBP
ORD		SWAP		Short		1,800		3.5087 GBP
ORD		SWAP		Short		3,100		3.5180 GBP
ORD		CFD		Short		3,260		3.5316 GBP
ORD		CFD		Short		4,115		3.5015 GBP
ORD		SWAP		Short		4,698		3.5161 GBP
ORD		CFD		Short		16,592		3.5004 GBP
ORD		CFD		Short		202,621		3.5090 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	19 Oct 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	020 3555 4632

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

363,800

3.8500

European

13 Nov 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

20 Oct 2012

ORD

Call Options

Written

-250,000

3.6000

American

20 Oct 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.