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

GLENCORE INTL PLC

  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt Advisor to Offeree
  principal trader is connected  
(d) Date position held/dealing undertaken: 17 August 2012
(e) Has the EPT previously disclosed, or is it YES:
today disclosing, under the Code in respect
  of any other party to this offer? 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: 2,931,143 0.04% 21,503,045 0.31%
           
(2) Derivatives (other than
options): 19,738,972 0.29% 1,282,935 0.02%
           
(3) Options and agreements to
purchase/sell: 3,500,000 0.05% 9,500,000 0.14%
           
(4) TOTAL:
26,170,115 0.38% 32,285,980 0.47%
 
Class of relevant security:   Convertible Bond XS0475310396      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 2,500,000 0.11% 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:
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:  
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 2,192 3.4939 GBP
ORD Purchase 2,437 3.4982 GBP
ORD Purchase 2,811 3.4965 GBP
ORD Purchase 3,100 42.3500 HKD
ORD Purchase 5,100 42.4500 HKD
ORD Purchase 7,537 3.5020 GBP
ORD Purchase 11,700 42.5500 HKD
ORD Purchase 12,415 3.4913 GBP
ORD Purchase 13,344 3.4984 GBP
ORD Purchase 21,105 3.4930 GBP
ORD Purchase 21,600 42.5000 HKD
ORD Purchase 22,700 42.4000 HKD
ORD Purchase 25,435 3.5033 GBP
ORD Purchase 30,935 3.4954 GBP
ORD Purchase 34,163 3.5057 GBP
ORD Purchase 40,086 3.5012 GBP
ORD Purchase 174,904 3.5055 GBP
ORD Purchase 253,747 3.5049 GBP
ORD Sale 100 42.5500 HKD
ORD Sale 650 3.4825 GBP
ORD Sale 5,057 3.4843 GBP
ORD Sale 6,171 3.4925 GBP
ORD Sale 7,659 3.4924 GBP
ORD Sale 8,808 3.5034 GBP
ORD Sale 15,253 3.4993 GBP
ORD Sale 16,119 3.4917 GBP
ORD Sale 26,911 3.4956 GBP
ORD Sale 39,926 3.4954 GBP
ORD Sale 56,900 42.4702 HKD
ORD Sale 58,097 3.4960 GBP
ORD Sale 63,335 3.4952 GBP
ORD Sale 75,000 3.5250 GBP
ORD Sale 79,027 3.5005 GBP
ORD Sale 84,814 3.4999 GBP
ORD Sale 120,240 3.4863 GBP
ORD Sale 139,262 3.5230 GBP
ORD Sale 194,170 3.5002 GBP
ORD Sale 200,000 3.5052 GBP
ORD (traded as ADR) Purchase 444 10.9800 USD
ORD (traded as ADR) Sale 444 10.9800 USD

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD SWAP Long 900 3.5060 GBP
ORD CFD Long 5,057 3.4843 GBP
ORD CFD Long 7,200 3.4933 GBP
ORD SWAP Long 7,659 3.4924 GBP
ORD SWAP Long 9,701 3.4938 GBP
ORD CFD Long 10,653 3.4946 GBP
ORD CFD Long 12,514 3.4958 GBP
ORD CFD Long 37,990 3.4984 GBP
ORD SWAP Long 39,926 3.4955 GBP
ORD SWAP Long 90,246 3.4953 GBP
ORD CFD Long 94,943 3.4898 GBP
ORD CFD Long 200,000 3.5045 GBP
ORD CFD Short 213 3.4913 GBP
ORD CFD Short 7,200 42.4508 HKD
ORD CFD Short 28,409 3.5010 GBP
ORD CFD Short 37,990 3.4921 GBP
ORD CFD Short 136,862 3.5084 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class   Product   Writing,   Number   Exercise   Type   Expiry   Option
of description purchasing, of price date money
relevant selling, securities per unit paid/
security varying etc to which received
option per unit
      relates        
ORD Call Options Purchasing 2,500,000 3.6 GBP American 21 Sep 2012 7.3000 GBP
ORD Put Options Selling 2,500,000 2.6 GBP American 21 Sep 2012 0.3000 GBP
ORD Call Options Selling 5,000,000 3.8 GBP American 21 Sep 2012 3.2500 GBP

(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:  

20 Aug 2012

Contact name:   Geoff Smith
Telephone number:   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 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 the person whose positions/dealings   BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:  
Name of offeror/offeree in relation to whose GLENCORE INTL PLC
relevant securities this from relates:  

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 Put Options Purchased 1,000,000 3.2000 American 19 Aug 2012
ORD Put Options Written -2,500,000 2.6000 American 19 Aug 2012
ORD Put Options Written -1,000,000 4.8000 American 19 Aug 2012
ORD Call Options Purchased 2,500,000 3.6000 American 19 Aug 2012
ORD Call Options Written -5,000,000 3.8000 American 19 Aug 2012
ORD Call Options Written -1,000,000 4.8000 American 19 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 +44 (0)20 7638 0129.

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

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