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: 31 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: 6,365,645 0.09% 28,074,704 0.41%
           
(2) Derivatives (other than
options): 22,141,159 0.32% 518,216 0.01%
           
(3) Options and agreements to
purchase/sell: 4,863,800 0.07% 10,500,000 0.15%
           
(4) TOTAL:
33,370,604 0.48% 39,092,920 0.56%
 
Class of relevant security: Convertible Bond XS0475310396
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 4,700,000 0.07% 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:
4,700,000 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:  
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 Sale 1,000,000 120.2500 USD
ORD Purchase 100 44.5500 HKD
ORD Purchase 1,700 44.5000 HKD
ORD Purchase 1,770 3.6640 GBP
ORD Purchase 1,827 3.6483 GBP
ORD Purchase 1,839 3.6861 GBP
ORD Purchase 2,119 3.6424 GBP
ORD Purchase 4,024 3.7098 GBP
ORD Purchase 4,738 3.6738 GBP
ORD Purchase 5,808 3.6460 GBP
ORD Purchase 18,258 3.6571 GBP
ORD Purchase 21,716 3.6667 GBP
ORD Purchase 53,292 3.6955 GBP
ORD Purchase 80,319 3.6557 GBP
ORD Purchase 92,292 3.6908 GBP
ORD Purchase 97,100 3.5615 GBP
ORD Purchase 101,320 3.7342 GBP
ORD Purchase 139,262 3.7030 GBP
ORD Purchase 184,283 3.6869 GBP
ORD Purchase 292,194 3.6913 GBP
ORD Purchase 627,346 3.6879 GBP
ORD Purchase 880,000 3.7809 GBP
ORD Purchase 2,000,000 3.8505 GBP
ORD Purchase 2,057,720 3.8108 GBP
ORD Sale 100 44.3500 HKD
ORD Sale 200 44.9000 HKD
ORD Sale 1,662 3.6341 GBP
ORD Sale 1,800 44.5027 HKD
ORD Sale 5,000 44.3000 HKD
ORD Sale 7,282 3.6815 GBP
ORD Sale 8,227 3.6975 GBP
ORD Sale 9,100 44.1500 HKD
ORD Sale 10,377 3.6762 GBP
ORD Sale 12,447 3.6700 GBP
ORD Sale 13,904 3.6747 GBP
ORD Sale 19,274 3.8493 GBP
ORD Sale 19,600 44.1000 HKD
ORD Sale 21,512 3.6711 GBP
ORD Sale 25,000 3.8272 GBP
ORD Sale 29,640 3.6886 GBP
ORD Sale 31,483 3.6866 GBP
ORD Sale 51,761 3.6730 GBP
ORD Sale 51,900 44.2000 HKD
ORD Sale 93,051 3.6800 GBP
ORD Sale 94,008 3.6895 GBP
ORD Sale 101,050 3.6858 GBP
ORD Sale 170,271 3.6891 GBP
ORD Sale 182,707 3.6955 GBP
ORD Sale 199,902 3.8485 GBP
ORD Sale 374,234 3.6878 GBP
ORD Sale 1,006,928 3.8505 GBP
ORD Sale 1,221,600 3.8501 GBP
ORD Sale 1,398,571 3.7660 GBP
ORD Sale 2,383,541 3.8211 GBP
ORD (traded as ADR) Purchase 400 11.6400 USD
ORD (traded as ADR) Purchase 14,800 11.9663 USD
ORD (traded as ADR) Sale 400 11.6400 USD
ORD (traded as ADR) Sale 14,800 11.9663 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 100 44.2938 HKD
ORD CFD Long 200 44.8432 HKD
ORD CFD Long 400 3.6831 GBP
ORD SWAP Long 3,100 3.7659 GBP
ORD SWAP Long 13,209 3.6993 GBP
ORD SWAP Long 13,904 3.6747 GBP
ORD SWAP Long 19,274 3.8493 GBP
ORD CFD Long 24,259 3.7026 GBP
ORD CFD Long 25,000 3.8269 GBP
ORD CFD Long 32,542 3.6862 GBP
ORD CFD Long 54,864 3.6648 GBP
ORD CFD Long 60,000 3.6793 GBP
ORD CFD Long 85,600 44.1246 HKD
ORD SWAP Long 123,648 3.6893 GBP
ORD CFD Long 750,000 3.7791 GBP
ORD CFD Long 880,000 3.7808 GBP
ORD CFD Short 380 3.6834 GBP
ORD CFD Short 600 3.6781 GBP
ORD CFD Short 897 3.6829 GBP
ORD CFD Short 1,541 3.6784 GBP
ORD CFD Short 1,800 3.6789 GBP
ORD CFD Short 4,278 3.7004 GBP
ORD SWAP Short 9,891 3.6651 GBP
ORD CFD Short 21,194 3.7048 GBP
ORD SWAP Short 27,524 3.6623 GBP
ORD CFD Short 32,542 3.6762 GBP
ORD CFD Short 60,000 3.6750 GBP
ORD CFD Short 85,600 3.5982 GBP
ORD CFD Short 166,360 3.6892 GBP
ORD CFD Short 261,355 3.6898 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(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: 3 Sep 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 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 Call Options Purchased 363,800 4.1000 European 16 Oct 2012
ORD Put Options Purchased 1,000,000 3.0000 American 2 Sep 2012
ORD Put Options Purchased 1,000,000 3.2000 American 2 Sep 2012
ORD Put Options Written -2,500,000 2.6000 American 2 Sep 2012
ORD Put Options Written -1,000,000 4.8000 American 2 Sep 2012
ORD Call Options Purchased 2,500,000 3.6000 American 2 Sep 2012
ORD Call Options Written -1,000,000 3.6000 American 2 Sep 2012
ORD Call Options Written -2,500,000 3.8000 American 2 Sep 2012
ORD Call Options Written -2,500,000 4.0000 American 2 Sep 2012
ORD Call Options Written -1,000,000 4.8000 American 2 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 +44 (0)20 7638 0129.

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

Companies

Glencore (GLEN)
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