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:		31 August 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect
Â		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:			Â	ORD
	Â			Interests			Â	Short Positions
Â		Â		Number	Â	(%)		Number	Â	(%)
(1)		Relevant securities owned
		and/or controlled:		6,365,645		0.09%		28,074,704		0.41%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		22,141,159		0.32%		518,216		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:
				33,370,604		0.48%		39,092,920		0.56%
											Â
Class of relevant security:				Convertible Bond XS0475310396
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		4,700,000		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:
				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:	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
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	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
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

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:		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 [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

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 [phone].

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