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	3 August 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:		3,396,589		0.05%		17,219,282		0.25%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		16,078,879		0.23%		1,491,612		0.02%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,000,000		0.01%		2,000,000		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				20,475,468		0.30%		20,710,894		0.30%
											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:		2,500,000		0.11%		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:
				2,500,000		0.11%		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)	Â	Purchases and sales	Â	Â	Â	Â
Class of relevant		Purchase/sale		Number of		Price per unit
security		Â		securities		Â
ORD		Purchase		100		37.9500 HKD
ORD		Purchase		100		38.2500 HKD
ORD		Purchase		200		38.0000 HKD
ORD		Purchase		280		3.2055 GBP
ORD		Purchase		500		38.5500 HKD
ORD		Purchase		860		3.2314 GBP
ORD		Purchase		1,400		3.2605 GBP
ORD		Purchase		2,100		38.5000 HKD
ORD		Purchase		2,800		3.2596 GBP
ORD		Purchase		3,961		3.2019 GBP
ORD		Purchase		10,295		3.2083 GBP
ORD		Purchase		17,815		3.2037 GBP
ORD		Purchase		32,470		3.2732 GBP
ORD		Purchase		57,547		3.2100 GBP
ORD		Purchase		104,054		3.2735 GBP
ORD		Purchase		139,242		3.2105 GBP
ORD		Purchase		139,242		3.2480 GBP
ORD		Purchase		218,980		3.2388 GBP
ORD		Purchase		378,070		3.2815 GBP
ORD		Purchase		414,322		3.2534 GBP
ORD		Sale		100		37.9500 HKD
ORD		Sale		200		37.9000 HKD
ORD		Sale		280		3.2810 GBP
ORD		Sale		600		38.5000 HKD
ORD		Sale		1,665		3.2857 GBP
ORD		Sale		5,997		3.2852 GBP
ORD		Sale		6,145		3.2753 GBP
ORD		Sale		10,070		3.2378 GBP
ORD		Sale		10,575		3.2084 GBP
ORD		Sale		28,934		3.2459 GBP
ORD		Sale		32,818		3.2379 GBP
ORD		Sale		50,530		3.2705 GBP
ORD		Sale		58,179		3.2382 GBP
ORD		Sale		70,000		3.2864 GBP
ORD		Sale		100,784		3.2855 GBP
ORD		Sale		165,000		3.2100 GBP
ORD		Sale		171,838		3.2397 GBP
ORD		Sale		223,559		3.2472 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		CFD		Long		300		37.8711 HKD
ORD		CFD		Long		2,100		3.2082 GBP
ORD		CFD		Long		3,418		3.2763 GBP
ORD		SWAP		Long		4,902		3.2460 GBP
ORD		CFD		Long		5,843		3.2804 GBP
ORD		CFD		Long		7,342		3.2723 GBP
ORD		CFD		Long		11,404		3.2744 GBP
ORD		SWAP		Long		42,888		3.2379 GBP
ORD		CFD		Short		300		3.1802 GBP
ORD		CFD		Short		300		38.0327 HKD
ORD		SWAP		Short		1,400		3.2639 GBP
ORD		CFD		Short		2,100		38.5462 HKD
ORD		SWAP		Short		3,400		3.2459 GBP
ORD		SWAP		Short		4,200		3.2599 GBP
ORD		CFD		Short		10,221		3.2545 GBP
ORD		CFD		Short		25,344		3.2496 GBP
ORD		CFD		Short		57,547		3.2102 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	6 August 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.

143221.01

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

Put Options

Purchased

1,000,000

3.2000

American

5 Aug 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

5 Aug 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

5 Aug 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.