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	7 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 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:		4,430,306		0.06%		16,668,272		0.24%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		15,498,397		0.22%		2,189,071		0.03%
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:
				20,928,703		0.30%		20,857,343		0.30%
											Â
Class of relevant security:		Â		Convertible Bond XS0475310396		Â		Â		Â
				Interests				Short Positions
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) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		100		39.0000 HKD
ORD		Purchase		100		40.5000 HKD
ORD		Purchase		100		40.7500 HKD
ORD		Purchase		200		40.8500 HKD
ORD		Purchase		300		39.2000 HKD
ORD		Purchase		400		39.2500 HKD
ORD		Purchase		500		39.0500 HKD
ORD		Purchase		700		39.4000 HKD
ORD		Purchase		700		40.0500 HKD
ORD		Purchase		900		40.6000 HKD
ORD		Purchase		1,000		39.5500 HKD
ORD		Purchase		1,100		3.3540 GBP
ORD		Purchase		1,200		39.4500 HKD
ORD		Purchase		1,339		3.3647 GBP
ORD		Purchase		1,356		3.3676 GBP
ORD		Purchase		1,396		3.3716 GBP
ORD		Purchase		1,500		3.3700 GBP
ORD		Purchase		1,800		40.5500 HKD
ORD		Purchase		1,900		3.3596 GBP
ORD		Purchase		2,000		39.3000 HKD
ORD		Purchase		2,000		40.4500 HKD
ORD		Purchase		2,300		40.8000 HKD
ORD		Purchase		2,400		39.8500 HKD
ORD		Purchase		2,400		40.3500 HKD
ORD		Purchase		2,400		40.6500 HKD
ORD		Purchase		2,614		3.3752 GBP
ORD		Purchase		2,900		39.4275 HKD
ORD		Purchase		3,200		39.9500 HKD
ORD		Purchase		3,300		39.9000 HKD
ORD		Purchase		3,500		39.7000 HKD
ORD		Purchase		3,700		39.6000 HKD
ORD		Purchase		4,300		40.3000 HKD
ORD		Purchase		4,300		40.4000 HKD
ORD		Purchase		6,900		40.2500 HKD
ORD		Purchase		7,600		39.8000 HKD
ORD		Purchase		7,600		40.2000 HKD
ORD		Purchase		8,800		40.1500 HKD
ORD		Purchase		10,527		3.3475 GBP
ORD		Purchase		15,905		3.3640 GBP
ORD		Purchase		17,837		3.3730 GBP
ORD		Purchase		18,210		3.3710 GBP
ORD		Purchase		19,000		40.0000 HKD
ORD		Purchase		35,900		39.5000 HKD
ORD		Purchase		53,665		3.3434 GBP
ORD		Purchase		62,738		3.3530 GBP
ORD		Purchase		157,091		3.3488 GBP
ORD		Purchase		470,394		3.3561 GBP
ORD		Purchase		658,468		3.3486 GBP
ORD		Sale		100		39.3500 HKD
ORD		Sale		300		39.8500 HKD
ORD		Sale		300		39.9500 HKD
ORD		Sale		370		3.3693 GBP
ORD		Sale		500		39.4000 HKD
ORD		Sale		500		39.4500 HKD
ORD		Sale		700		39.9983 HKD
ORD		Sale		1,200		39.2000 HKD
ORD		Sale		1,500		3.3700 GBP
ORD		Sale		1,530		3.3574 GBP
ORD		Sale		5,573		3.3543 GBP
ORD		Sale		6,967		3.3702 GBP
ORD		Sale		11,355		3.3586 GBP
ORD		Sale		15,969		3.3545 GBP
ORD		Sale		38,700		39.4863 HKD
ORD		Sale		108,990		3.3536 GBP
ORD		Sale		233,494		3.3580 GBP
ORD		Sale		300,014		3.3557 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		700		39.9983 HKD
ORD		SWAP		Long		1,400		3.3597 GBP
ORD		CFD		Long		24,629		3.3732 GBP
ORD		CFD		Long		73,923		3.3564 GBP
ORD		CFD		Long		89,900		3.3358 GBP
ORD		CFD		Long		105,269		3.3603 GBP
ORD		CFD		Short		400		39.2996 HKD
ORD		CFD		Short		600		39.0924 HKD
ORD		SWAP		Short		1,600		3.3536 GBP
ORD		CFD		Short		3,384		3.3690 GBP
ORD		CFD		Short		7,850		3.3609 GBP
ORD		CFD		Short		7,850		3.3629 GBP
ORD		CFD		Short		7,850		3.3644 GBP
ORD		CFD		Short		19,169		3.3503 GBP
ORD		CFD		Short		89,900		40.1419 HKD
ORD		SWAP		Short		328,100		3.3477 GBP
ORD		CFD		Short		378,692		3.3543 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	8 Aug 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

9 Aug 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

9 Aug 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

9 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.