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:	Â	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	Â	GLENCORE INTL PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	Advisor to Offeree
(d) Date position held/dealing undertaken:	Â	30 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?	Â	YES:   XSTRATA PLC 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				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		2,233,723		0.03%		23,585,677		0.34%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		20,816,646		0.30%		556,281		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		4,863,800		0.07%		10,500,000		0.15%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				27,914,169		0.40%		34,641,958		0.50%

	Â		Â		Â		Â		Â
Class of relevant security:		Â		Convertible Bond XS0475310396		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		5,700,000		0.25%		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:
				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:	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		100		44.9500 HKD
ORD		Purchase		488		3.6356 GBP
ORD		Purchase		500		45.0500 HKD
ORD		Purchase		1,800		44.8500 HKD
ORD		Purchase		2,170		3.6315 GBP
ORD		Purchase		3,200		44.7000 HKD
ORD		Purchase		4,474		3.5560 GBP
ORD		Purchase		7,021		3.6269 GBP
ORD		Purchase		10,200		44.8000 HKD
ORD		Purchase		10,300		44.9000 HKD
ORD		Purchase		13,599		3.5829 GBP
ORD		Purchase		14,266		3.6365 GBP
ORD		Purchase		18,125		3.6304 GBP
ORD		Purchase		23,900		44.7500 HKD
ORD		Purchase		26,521		3.5755 GBP
ORD		Purchase		31,026		3.6316 GBP
ORD		Purchase		33,029		3.6067 GBP
ORD		Purchase		39,768		3.5699 GBP
ORD		Purchase		49,000		3.5980 GBP
ORD		Purchase		50,000		3.5767 GBP
ORD		Purchase		71,820		3.6615 GBP
ORD		Purchase		94,715		3.6313 GBP
ORD		Purchase		118,323		3.6121 GBP
ORD		Purchase		200,256		3.6032 GBP
ORD		Purchase		409,841		3.6193 GBP
ORD		Purchase		465,763		3.6162 GBP
ORD		Purchase		680,806		3.6138 GBP
ORD		Sale		13		3.5700 GBP
ORD		Sale		100		44.8000 HKD
ORD		Sale		577		3.5818 GBP
ORD		Sale		1,000		44.9000 HKD
ORD		Sale		2,887		3.6004 GBP
ORD		Sale		3,261		3.6031 GBP
ORD		Sale		5,722		3.6643 GBP
ORD		Sale		6,689		3.6183 GBP
ORD		Sale		8,661		3.6673 GBP
ORD		Sale		15,122		3.6395 GBP
ORD		Sale		15,148		3.5751 GBP
ORD		Sale		15,836		3.5786 GBP
ORD		Sale		17,384		3.5807 GBP
ORD		Sale		21,755		3.6301 GBP
ORD		Sale		28,596		3.6285 GBP
ORD		Sale		31,441		3.6413 GBP
ORD		Sale		38,445		3.5949 GBP
ORD		Sale		44,242		3.5686 GBP
ORD		Sale		48,900		44.7927 HKD
ORD		Sale		49,645		3.6405 GBP
ORD		Sale		55,000		3.5732 GBP
ORD		Sale		90,387		3.6037 GBP
ORD		Sale		154,587		3.6397 GBP
ORD		Sale		159,446		3.6317 GBP
ORD		Sale		193,708		3.5966 GBP
ORD		Sale		246,597		3.5962 GBP
ORD		Sale		253,126		3.5978 GBP
ORD		Sale		260,065		3.5837 GBP
ORD		Sale		269,263		3.5997 GBP
ORD		Sale		280,000		3.6926 GBP
ORD		Sale		313,376		3.6308 GBP
ORD		Sale		368,862		3.6149 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		1,895		3.6625 GBP
ORD		CFD		Long		4,057		3.6536 GBP
ORD		CFD		Long		5,390		3.6400 GBP
ORD		SWAP		Long		5,722		3.6642 GBP
ORD		CFD		Long		11,147		3.6670 GBP
ORD		SWAP		Long		12,800		3.6153 GBP
ORD		CFD		Long		14,337		3.6437 GBP
ORD		CFD		Long		20,000		3.5799 GBP
ORD		CFD		Long		30,000		3.6233 GBP
ORD		CFD		Long		35,000		3.5693 GBP
ORD		SWAP		Long		53,196		3.6367 GBP
ORD		CFD		Long		147,235		3.5823 GBP
ORD		CFD		Long		280,000		3.6926 GBP
ORD		CFD		Long		332,500		3.5732 GBP
ORD		CFD		Short		4,174		3.6312 GBP
ORD		SWAP		Short		5,800		3.5766 GBP
ORD		SWAP		Short		6,600		3.5849 GBP
ORD		CFD		Short		24,266		3.5929 GBP
ORD		SWAP		Short		40,120		3.5780 GBP
ORD		CFD		Short		147,235		3.6256 GBP
ORD		CFD		Short		200,000		3.5845 GBP
ORD		CFD		Short		350,000		3.5688 GBP
ORD		CFD		Short		653,786		3.6065 GBP

(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:		31 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 [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 person whose open positions are being disclosed:	Â	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

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

Call Options

Purchased

363,800

4.1000

European

16 Oct 2012

ORD

Put Options

Purchased

1,000,000

3.0000

American

1 Sep 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

1 Sep 2012

ORD

Put Options

Written

-2,500,000

2.6000

American

1 Sep 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

1 Sep 2012

ORD

Call Options

Purchased

2,500,000

3.6000

American

1 Sep 2012

ORD

Call Options

Written

-1,000,000

3.6000

American

1 Sep 2012

ORD

Call Options

Written

-2,500,000

3.8000

American

1 Sep 2012

ORD

Call Options

Written

-2,500,000

4.0000

American

1 Sep 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

1 Sep 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.