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: 20 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: 2,824,652 0.04% 22,078,157 0.32%
           
(2) Derivatives (other than
options): 20,646,170 0.30% 1,094,465 0.02%
           
(3) Options and agreements to
purchase/sell: 4,500,000 0.07% 10,500,000 0.15%
           
(4) TOTAL:
27,970,822 0.40% 33,672,622 0.49%
 
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 800 42.4000 HKD
ORD Purchase 1,380 3.4955 GBP
ORD Purchase 1,705 3.5375 GBP
ORD Purchase 2,500 3.5116 GBP
ORD Purchase 4,552 3.5064 GBP
ORD Purchase 12,383 3.4993 GBP
ORD Purchase 12,900 42.7000 HKD
ORD Purchase 16,959 3.5070 GBP
ORD Purchase 41,319 3.5099 GBP
ORD Purchase 48,821 3.5240 GBP
ORD Purchase 54,856 3.4916 GBP
ORD Purchase 67,164 3.5026 GBP
ORD Purchase 107,553 3.5068 GBP
ORD Purchase 196,288 3.5062 GBP
ORD Purchase 324,924 3.5024 GBP
ORD Purchase 420,000 3.4900 GBP
ORD Sale 557 3.5366 GBP
ORD Sale 664 3.4925 GBP
ORD Sale 4,700 42.9000 HKD
ORD Sale 5,790 3.5050 GBP
ORD Sale 5,823 3.4967 GBP
ORD Sale 8,539 3.5087 GBP
ORD Sale 11,485 3.4961 GBP
ORD Sale 13,700 42.6824 HKD
ORD Sale 23,191 3.5100 GBP
ORD Sale 28,140 3.4964 GBP
ORD Sale 39,452 3.5093 GBP
ORD Sale 42,680 3.5062 GBP
ORD Sale 53,000 3.5168 GBP
ORD Sale 76,194 3.5174 GBP
ORD Sale 80,200 42.8500 HKD
ORD Sale 104,447 3.5375 GBP
ORD Sale 105,000 3.5040 GBP
ORD Sale 107,931 3.5125 GBP
ORD Sale 183,185 3.5184 GBP
ORD Sale 192,577 3.5098 GBP
ORD (traded as ADR) Purchase 4,000 11.0500 USD
ORD (traded as ADR) Sale 4,000 11.0500 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 664 3.4925 GBP
ORD CFD Long 4,000 3.5243 GBP
ORD SWAP Long 7,400 3.4940 GBP
ORD CFD Long 35,304 3.5063 GBP
ORD SWAP Long 39,625 3.4963 GBP
ORD CFD Long 52,145 3.5153 GBP
ORD CFD Long 84,900 42.8013 HKD
ORD CFD Long 85,379 3.5235 GBP
ORD CFD Long 91,497 3.5089 GBP
ORD CFD Short 33,314 3.5044 GBP
ORD CFD Short 51,305 3.5075 GBP
ORD CFD Short 84,900 3.5106 GBP
ORD CFD Short 95,358 3.4991 GBP
ORD CFD Short 48,821 3.5243 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 Put Options Purchasing 1,000,000 3 GBP American 21 Sep 2012 1.5000 GBP
ORD Put Options Purchasing 1,000,000 3 GBP American 21 Sep 2012 2.5000 GBP
ORD Call Options Purchasing 1,000,000 3.6 GBP American 21 Sep 2012 7.0000 GBP
ORD Put Options Selling 1,000,000 3 GBP American 21 Sep 2012 1.5000 GBP
ORD Call Options Selling 1,000,000 3.6 GBP American 21 Sep 2012 7.0000 GBP
ORD Call Options Selling 1,000,000 3.6 GBP American 21 Sep 2012 8.0000 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:  

21 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.

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 3.0000 American 22 Aug 2012
ORD Put Options Purchased 1,000,000 3.2000 American 22 Aug 2012
ORD Put Options Written -2,500,000 2.6000 American 22 Aug 2012
ORD Put Options Written -1,000,000 4.8000 American 22 Aug 2012
ORD Call Options Purchased 2,500,000 3.6000 American 22 Aug 2012
ORD Call Options Written -1,000,000 3.6000 American 22 Aug 2012
ORD Call Options Written -5,000,000 3.8000 American 22 Aug 2012
ORD Call Options Written -1,000,000 4.8000 American 22 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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