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: 24 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: 3,178,907 0.05% 21,616,947 0.31%
           
(2) Derivatives (other than
options): 20,214,549 0.29% 1,360,926 0.02%
           
(3) Options and agreements to
purchase/sell: 4,500,000 0.07% 10,500,000 0.15%
           
(4) TOTAL:
27,893,456 0.40% 33,477,873 0.48%
 
Class of relevant security:   Convertible Bond XS0475310396      
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 6,300,000 0.27% 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:
6,300,000 0.27% 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  
Convertible Bond Purchase 1,600,000 120.5500 USD
ORD Purchase 100 44.3500 HKD
ORD Purchase 500 44.9000 HKD
ORD Purchase 541 3.6795 GBP
ORD Purchase 997 3.6742 GBP
ORD Purchase 1,300 44.8500 HKD
ORD Purchase 1,500 44.3000 HKD
ORD Purchase 2,000 44.2000 HKD
ORD Purchase 2,000 44.4500 HKD
ORD Purchase 2,414 3.6137 GBP
ORD Purchase 2,900 44.5000 HKD
ORD Purchase 4,000 44.8000 HKD
ORD Purchase 4,036 3.6121 GBP
ORD Purchase 5,000 3.6200 GBP
ORD Purchase 7,100 44.6000 HKD
ORD Purchase 7,464 3.6349 GBP
ORD Purchase 10,200 44.5500 HKD
ORD Purchase 12,900 44.7000 HKD
ORD Purchase 14,120 3.6376 GBP
ORD Purchase 17,316 3.6490 GBP
ORD Purchase 30,300 44.6500 HKD
ORD Purchase 31,015 3.6602 GBP
ORD Purchase 32,712 3.6159 GBP
ORD Purchase 35,838 3.6098 GBP
ORD Purchase 36,609 3.6341 GBP
ORD Purchase 58,984 3.6646 GBP
ORD Purchase 83,794 3.6517 GBP
ORD Purchase 110,254 3.6282 GBP
ORD Purchase 112,116 3.6598 GBP
ORD Purchase 128,612 3.6456 GBP
ORD Purchase 140,000 3.6787 GBP
ORD Purchase 217,111 3.6581 GBP
ORD Purchase 583,378 3.6136 GBP
ORD Purchase 781,245 3.6583 GBP
ORD Sale 100 44.2000 HKD
ORD Sale 400 44.5000 HKD
ORD Sale 600 44.6000 HKD
ORD Sale 944 3.6675 GBP
ORD Sale 6,400 44.3500 HKD
ORD Sale 6,600 44.4000 HKD
ORD Sale 6,846 3.6051 GBP
ORD Sale 8,367 3.6792 GBP
ORD Sale 11,400 3.6457 GBP
ORD Sale 11,800 44.3000 HKD
ORD Sale 14,177 3.6230 GBP
ORD Sale 16,307 3.6787 GBP
ORD Sale 19,700 44.1000 HKD
ORD Sale 21,185 3.6778 GBP
ORD Sale 27,399 3.6372 GBP
ORD Sale 34,080 3.6373 GBP
ORD Sale 61,963 3.6202 GBP
ORD Sale 74,800 44.6227 HKD
ORD Sale 91,849 3.6624 GBP
ORD Sale 117,342 3.6255 GBP
ORD Sale 194,724 3.6397 GBP
ORD Sale 201,696 3.6299 GBP
ORD Sale 212,400 3.6293 GBP
ORD Sale 400,000 3.6742 GBP
ORD Sale 475,039 3.6269 GBP
ORD (traded as ADR) Purchase 400 11.5100 USD
ORD (traded as ADR) Sale 400 11.5100 USD

(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 400 3.6496 GBP
ORD SWAP Long 6,846 3.6051 GBP
ORD SWAP Long 8,300 3.6352 GBP
ORD CFD Long 10,315 3.6612 GBP
ORD SWAP Long 38,799 3.6397 GBP
ORD CFD Long 45,600 44.1874 HKD
ORD CFD Long 75,393 3.6076 GBP
ORD CFD Long 116,242 3.6187 GBP
ORD CFD Long 268,560 3.6312 GBP
ORD CFD Short 5,376 3.6588 GBP
ORD SWAP Short 11,986 3.6420 GBP
ORD CFD Short 26,674 3.6233 GBP
ORD CFD Short 45,500 3.5960 GBP
ORD SWAP Short 50,729 3.6351 GBP
ORD CFD Short 116,242 3.6669 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 250,000 360 GBP American 21 Sep 2012 11.0000 GBP
ORD Call Options Selling 250,000 360 GBP American 21 Dec 2012 23.0000 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:  

28 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 26 Aug 2012
ORD Put Options Purchased 1,000,000 3.2000 American 26 Aug 2012
ORD Put Options Written -2,500,000 2.6000 American 26 Aug 2012
ORD Put Options Written -1,000,000 4.8000 American 26 Aug 2012
ORD Call Options Purchased 2,500,000 3.6000 American 26 Aug 2012
ORD Call Options Written -1,000,000 3.6000 American 26 Aug 2012
ORD Call Options Written -5,000,000 3.8000 American 26 Aug 2012
ORD Call Options Written -1,000,000 4.8000 American 26 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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