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 relevant securities this form relates:

Use a separate form for each offeror/offeree

 

GLENCORE INTL PLC

(c) Name of the party to the offer with which exempt principal trader is connected:  

Advisor to Offeree

(d) Date position held/dealing undertaken:  

25 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?  

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:       ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 4,101,267 0.06% 32,233,549 0.45%
           
(2) Derivatives (other than
options): 29,930,108 0.42% 1,979,435 0.03%
           
(3) Options and agreements to
purchase/sell: 1,363,800 0.02% 250,000 0.00%
           
(4) TOTAL:
35,395,175 0.50% 34,462,984 0.49%
           
Class of relevant security:   Convertible Bond XS0475310396      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 4,400,000 0.19% 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:
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:  
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 100 3.4575 GBP
ORD Purchase 100 43.0500 HKD
ORD Purchase 678 3.4340 GBP
ORD Purchase 900 3.4500 GBP
ORD Purchase 936 3.4154 GBP
ORD Purchase 1,000 42.8000 HKD
ORD Purchase 1,600 43.2000 HKD
ORD Purchase 1,800 43.0000 HKD
ORD Purchase 1,945 3.4229 GBP
ORD Purchase 2,592 3.4574 GBP
ORD Purchase 6,764 3.4567 GBP
ORD Purchase 17,319 3.4509 GBP
ORD Purchase 18,769 3.4427 GBP
ORD Purchase 22,064 3.4164 GBP
ORD Purchase 22,100 3.4481 GBP
ORD Purchase 59,364 3.4446 GBP
ORD Purchase 72,412 3.4295 GBP
ORD Purchase 115,166 3.4298 GBP
ORD Purchase 179,034 3.4286 GBP
ORD Purchase 248,358 3.4426 GBP
ORD Purchase 366,000 3.4642 GBP
ORD Purchase 1,000,000 3.4300 GBP
ORD Sale 365 3.4690 GBP
ORD Sale 798 3.4640 GBP
ORD Sale 1,096 3.4545 GBP
ORD Sale 2,312 3.4416 GBP
ORD Sale 2,726 3.4212 GBP
ORD Sale 10,560 3.4550 GBP
ORD Sale 16,528 3.4512 GBP
ORD Sale 27,431 3.4355 GBP
ORD Sale 28,824 3.4167 GBP
ORD Sale 34,458 3.4412 GBP
ORD Sale 37,826 3.4426 GBP
ORD Sale 44,852 3.4535 GBP
ORD Sale 47,111 3.4376 GBP
ORD Sale 52,915 3.4464 GBP
ORD Sale 251,346 3.4398 GBP
ORD Sale 1,000,000 3.4600 GBP
ORD Sale 2,000,000 3.4400 GBP

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD CFD Long 626 3.4196 GBP
ORD CFD Long 2,312 3.4416 GBP
ORD CFD Long 4,500 3.4737 GBP
ORD CFD Long 5,879 3.4162 GBP
ORD CFD Long 14,678 3.4480 GBP
ORD SWAP Long 26,837 3.4534 GBP
ORD SWAP Long 87,373 3.4443 GBP
ORD SWAP Long 1,000,000 3.4600 GBP
ORD SWAP Long 2,000,000 3.4400 GBP
ORD CFD Short 4,500 43.0794 HKD
ORD CFD Short 10,799 3.4428 GBP
ORD SWAP Short 65,783 3.4288 GBP
ORD SWAP Short 294,200 3.4290 GBP
ORD SWAP Short 1,000,000 3.4300 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(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:  

26 Oct 2012

Contact name:   Geoff Smith
Telephone number:   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 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 person whose open positions are being disclosed:  

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   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 Purchased 363,800 3.8500 European 13 Nov 2012
ORD Put Options Purchased 1,000,000 3.2000 American 27 Oct 2012
ORD Call Options Written -250,000 3.6000 American 27 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 +44 (0)20 7638 0129.

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

Companies

Glencore (GLEN)
UK 100