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)	Â	Name of exempt principal trader:	Â	Barclays Capital Securities Ltd
(b)		Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
Â		relevant securities this form relates:		Â
(c)		Name of the party to the offer with which exempt		Advisor to Offeree
Â		principal trader is connected		Â
(d)		Date position held/dealing undertaken:		26 April 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect		XSTRATA PLC
Â		of any other party to this offer?		Â

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:	Â	Â	Â	ORD	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,124,448		0.02%		11,378,621		0.16%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		10,601,239		0.15%		535,656		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		250,000		0.00%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				11,975,687		0.17%		14,240,177		0.21%

Class of relevant security:	Â	Â	Â	Convertible Bond	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,500,000		0.07%		0		0.00%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		0		0.00%		0		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				1,500,000		0.07%		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:	Â
Details, including nature of the rights concerned and relevant percentages:	Â

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	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		25		4.2731 GBP
ORD		Purchase		148		4.2800 GBP
ORD		Purchase		233		4.2945 GBP
ORD		Purchase		254		4.3064 GBP
ORD		Purchase		300		4.3481 GBP
ORD		Purchase		413		4.2968 GBP
ORD		Purchase		500		4.3319 GBP
ORD		Purchase		514		4.3183 GBP
ORD		Purchase		755		4.3010 GBP
ORD		Purchase		1,000		4.3100 GBP
ORD		Purchase		1,000		4.3244 GBP
ORD		Purchase		1,100		53.8000 HKD
ORD		Purchase		1,136		4.2890 GBP
ORD		Purchase		1,212		4.3108 GBP
ORD		Purchase		1,362		4.2840 GBP
ORD		Purchase		2,000		54.2500 HKD
ORD		Purchase		3,200		54.2000 HKD
ORD		Purchase		3,983		4.2928 GBP
ORD		Purchase		5,000		53.6000 HKD
ORD		Purchase		6,000		54.3000 HKD
ORD		Purchase		6,600		54.3500 HKD
ORD		Purchase		7,800		53.7500 HKD
ORD		Purchase		8,000		53.2500 HKD
ORD		Purchase		11,300		53.8500 HKD
ORD		Purchase		13,300		54.0500 HKD
ORD		Purchase		13,700		53.7000 HKD
ORD		Purchase		14,100		54.4000 HKD
ORD		Purchase		14,500		54.1000 HKD
ORD		Purchase		15,907		4.3191 GBP
ORD		Purchase		17,700		53.9500 HKD
ORD		Purchase		19,700		54.0000 HKD
ORD		Purchase		25,116		4.3223 GBP
ORD		Purchase		32,023		4.2942 GBP
ORD		Purchase		34,300		53.9000 HKD
ORD		Purchase		38,000		4.3078 GBP
ORD		Purchase		38,980		4.2956 GBP
ORD		Purchase		50,000		4.3521 GBP
ORD		Purchase		51,500		53.6500 HKD
ORD		Purchase		51,797		4.3161 GBP
ORD		Purchase		136,910		4.2972 GBP
ORD		Purchase		289,449		4.3037 GBP
ORD		Purchase		309,500		4.4076 GBP
ORD		Sale		200		4.3361 GBP
ORD		Sale		500		4.3075 GBP
ORD		Sale		627		4.2852 GBP
ORD		Sale		1,122		4.3013 GBP
ORD		Sale		1,500		4.3140 GBP
ORD		Sale		2,769		4.2862 GBP
ORD		Sale		3,478		4.3109 GBP
ORD		Sale		3,944		4.3159 GBP
ORD		Sale		6,000		54.4000 HKD
ORD		Sale		7,063		4.2997 GBP
ORD		Sale		8,549		4.2889 GBP
ORD		Sale		11,000		54.3427 HKD
ORD		Sale		11,718		4.2980 GBP
ORD		Sale		13,236		4.3165 GBP
ORD		Sale		16,961		4.3160 GBP
ORD		Sale		26,399		4.3054 GBP
ORD		Sale		32,436		4.2944 GBP
ORD		Sale		42,500		53.5894 HKD
ORD		Sale		43,385		4.3118 GBP
ORD		Sale		80,475		4.2968 GBP
ORD		Sale		200,000		4.3065 GBP
ORD		Sale		213,146		4.3081 GBP
ORD		Sale		226,154		4.3022 GBP
ORD		Sale		435,542		4.3023 GBP

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		CFD		Long		2,769		4.2862 GBP
ORD		CFD		Long		3,225		4.3021 GBP
ORD		CFD		Long		28,619		4.3073 GBP
ORD		CFD		Long		119,472		4.3042 GBP
ORD		CFD		Long		170,300		4.3040 GBP
ORD		CFD		Long		200,000		4.3065 GBP
ORD		CFD		Short		8,308		4.3301 GBP
ORD		CFD		Short		170,300		53.9823 HKD

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security

Â

Product description e.g. call option

Â

Writing, purchasing, selling, varying etc.

Â

Number of securities to which option relates

Â

Exercise price per unit

Â

Type e.g. American, European etc.

Â

Expiry date

Â

Option money paid/ received per unit

(ii) Exercising

Class of relevant security

Â

Product description e.g. call option

Â

Number of securities

Â

Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security

Â

Nature of dealing e.g. subscription, conversion

Â

Details

Â

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?

Â

YES

Date of disclosure:	Â	27 Apr 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	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 [e-mail]. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on [phone].

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	Â	Barclays Capital Securities Ltd
are being disclosed:		Â
Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
relevant securities this from relates:		Â

2. OPTIONS AND DERIVATIVES

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

of

description

purchasing,

of

price

date

relevant

selling,

securities

per unit

security

varying etc

to which

option

Â

Â

Â

relates

Â

Â

Â

ORD

Put Options

Purchased

250,000

4.4000

American

28 Apr 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

28 Apr 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

28 Apr 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

28 Apr 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 [phone].

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