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:  

28 August 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: 3,063,280 0.04% 22,431,478 0.32%
           
(2) Derivatives (other than
options): 20,956,060 0.30% 1,191,112 0.02%
           
(3) Options and agreements to
purchase/sell: 4,863,800 0.07% 10,500,000 0.15%
           
(4) TOTAL:
28,883,140 0.42% 34,122,590 0.49%
         
Class of relevant security:   Convertible Bond XS0475310396      
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 5,700,000 0.25% 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:
5,700,000 0.25% 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 1,000,000 120.2500 USD
Convertible Bond Purchase 1,000,000 121.1250 USD
Convertible Bond Purchase 2,400,000 120.1250 USD
Convertible Bond Sale 500,000 120.3000 USD
Convertible Bond Sale 1,000,000 120.2000 USD
Convertible Bond Sale 1,000,000 120.2500 USD
Convertible Bond Sale 1,000,000 120.5750 USD
Convertible Bond Sale 1,500,000 120.4500 USD
ORD Purchase 8,000 3.6514 GBP
ORD Purchase 8,149 3.7124 GBP
ORD Purchase 9,852 3.7097 GBP
ORD Purchase 10,700 44.4500 HKD
ORD Purchase 14,755 3.7070 GBP
ORD Purchase 15,400 44.2000 HKD
ORD Purchase 15,606 3.7184 GBP
ORD Purchase 35,150 3.6915 GBP
ORD Purchase 37,900 44.4000 HKD
ORD Purchase 42,300 44.3000 HKD
ORD Purchase 44,700 44.2500 HKD
ORD Purchase 51,205 3.6428 GBP
ORD Purchase 72,000 44.3500 HKD
ORD Purchase 78,167 3.7167 GBP
ORD Purchase 89,915 3.6569 GBP
ORD Purchase 91,710 3.6573 GBP
ORD Purchase 91,710 3.6657 GBP
ORD Purchase 137,570 3.6678 GBP
ORD Purchase 193,412 3.6549 GBP
ORD Purchase 200,000 3.6110 GBP
ORD Purchase 344,506 3.7166 GBP
ORD Purchase 505,870 3.7872 GBP
ORD Purchase 600,000 3.8400 GBP
ORD Purchase 912,921 3.7134 GBP
ORD Purchase 2,602,756 3.7024 GBP
ORD Purchase 3,622,400 3.8369 GBP
ORD Sale 17 3.6855 GBP
ORD Sale 4,271 3.6466 GBP
ORD Sale 10,850 3.6937 GBP
ORD Sale 14,756 3.6981 GBP
ORD Sale 39,260 3.6852 GBP
ORD Sale 43,583 3.6965 GBP
ORD Sale 116,670 3.7115 GBP
ORD Sale 122,280 3.6744 GBP
ORD Sale 170,414 3.7107 GBP
ORD Sale 193,300 44.3373 HKD
ORD Sale 204,200 44.3000 HKD
ORD Sale 220,625 3.7102 GBP
ORD Sale 319,850 3.6932 GBP
ORD Sale 350,000 3.7149 GBP
ORD Sale 400,000 3.6948 GBP
ORD Sale 411,188 3.6976 GBP
ORD Sale 480,903 3.6763 GBP
ORD Sale 1,005,078 3.7813 GBP
ORD Sale 2,250,000 3.8388 GBP
ORD Sale 4,209,829 3.8400 GBP
ORD (traded as ADR) Purchase 4,000 11.6300 USD
ORD (traded as ADR) Sale 4,000 11.6300 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 1,000 3.6385 GBP
ORD SWAP Long 3,600 3.7647 GBP
ORD CFD Long 4,200 44.2468 HKD
ORD SWAP Long 13,557 3.6985 GBP
ORD CFD Long 17,452 3.7172 GBP
ORD CFD Long 33,600 3.6431 GBP
ORD SWAP Long 58,339 3.6969 GBP
ORD CFD Long 100,000 3.6807 GBP
ORD CFD Long 149,538 3.6754 GBP
ORD CFD Long 200,000 44.3000 HKD
ORD CFD Long 350,000 3.7149 GBP
ORD CFD Long 400,000 3.6948 GBP
ORD SWAP Short 1,200 3.6287 GBP
ORD CFD Short 4,600 3.6185 GBP
ORD SWAP Short 8,000 3.6514 GBP
ORD CFD Short 25,523 3.6647 GBP
ORD CFD Short 29,700 44.2857 HKD
ORD CFD Short 149,538 3.7199 GBP
ORD CFD Short 200,000 3.6110 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 727,600 4.1 GBP Europe 16 Oct 2012 3.9000 GBP
ORD Call Options Selling 363,800 4.1 GBP Europe 16 Oct 2012 3.9000 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: 29 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 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 4.1000 European 16 Oct 2012
ORD Put Options Purchased 1,000,000 3.0000 American 30 Aug 2012
ORD Put Options Purchased 1,000,000 3.2000 American 30 Aug 2012
ORD Put Options Written -2,500,000 2.6000 American 30 Aug 2012
ORD Put Options Written -1,000,000 4.8000 American 30 Aug 2012
ORD Call Options Purchased 2,500,000 3.6000 American 30 Aug 2012
ORD Call Options Written -1,000,000 3.6000 American 30 Aug 2012
ORD Call Options Written -5,000,000 3.8000 American 30 Aug 2012
ORD Call Options Written -1,000,000 4.8000 American 30 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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Glencore (GLEN)
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