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   Â
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	Advisor to Offeree   Â
(d) Date position held/dealing undertaken:	Â	24 October 2012 Â
(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:		2,887,443		0.04%		33,479,578		0.47%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		30,802,774		0.43%		739,024		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:
				35,054,017		0.49%		34,468,602		0.49%
Â		Â		Â		Â		Â		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:		4,400,000		0.19%		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:
				4,400,000		0.19%		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
Convertible Bond		Purchase		700,000		121.8750 USD
Convertible Bond		Sale		1,000,000		121.6250 USD
ORD		Purchase		100		3.4465 GBP
ORD		Purchase		134		3.4040 GBP
ORD		Purchase		400		3.4183 GBP
ORD		Purchase		500		42.6000 HKD
ORD		Purchase		700		3.4555 GBP
ORD		Purchase		700		42.5000 HKD
ORD		Purchase		700		42.7500 HKD
ORD		Purchase		927		3.4300 GBP
ORD		Purchase		1,042		3.4379 GBP
ORD		Purchase		1,620		3.3929 GBP
ORD		Purchase		3,000		3.4025 GBP
ORD		Purchase		3,068		3.4305 GBP
ORD		Purchase		3,273		3.4348 GBP
ORD		Purchase		11,130		3.4402 GBP
ORD		Purchase		14,635		3.4403 GBP
ORD		Purchase		14,904		3.4340 GBP
ORD		Purchase		23,709		3.4368 GBP
ORD		Purchase		36,585		3.4314 GBP
ORD		Purchase		45,480		3.4365 GBP
ORD		Purchase		70,353		3.4331 GBP
ORD		Purchase		104,114		3.4358 GBP
ORD		Purchase		204,623		3.4335 GBP
ORD		Sale		100		42.4000 HKD
ORD		Sale		1,042		3.4379 GBP
ORD		Sale		1,583		3.4636 GBP
ORD		Sale		1,900		42.6184 HKD
ORD		Sale		2,128		3.4454 GBP
ORD		Sale		2,468		3.4304 GBP
ORD		Sale		4,327		3.4376 GBP
ORD		Sale		9,121		3.4388 GBP
ORD		Sale		9,862		3.4331 GBP
ORD		Sale		13,824		3.4407 GBP
ORD		Sale		23,441		3.4168 GBP
ORD		Sale		25,669		3.4387 GBP
ORD		Sale		29,226		3.4375 GBP
ORD		Sale		55,236		3.4350 GBP
ORD		Sale		58,378		3.4446 GBP
ORD		Sale		70,345		3.4370 GBP
ORD		Sale		96,051		3.4210 GBP
ORD		Sale		189,138		3.4393 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		42.3464 HKD
ORD		SWAP		Long		1,300		3.4568 GBP
ORD		CFD		Long		7,436		3.4225 GBP
ORD		CFD		Long		42,132		3.4360 GBP
ORD		CFD		Long		47,571		3.4078 GBP
ORD		CFD		Long		55,236		3.4347 GBP
ORD		SWAP		Short		800		3.4543 GBP
ORD		CFD		Short		1,620		3.3929 GBP
ORD		CFD		Short		1,810		3.4333 GBP
ORD		CFD		Short		15,855		3.4348 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	25 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.

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

Call Options

Purchased

363,800

3.8500

European

13 Nov 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

26 Oct 2012

ORD

Call Options

Written

-250,000

3.6000

American

26 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.