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   Â
(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	2 May 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:		1,191,207		0.02%		12,058,695		0.17%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		11,830,763		0.17%		4,161,469		0.06%
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:
				13,271,970		0.19%		18,546,064		0.27%
											Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,200,000		0.05%		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:
				1,200,000		0.05%		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		20		4.3360 GBP
ORD		Purchase		187		4.2939 GBP
ORD		Purchase		600		4.3350 GBP
ORD		Purchase		1,000		4.3216 GBP
ORD		Purchase		2,000		4.2862 GBP
ORD		Purchase		7,630		4.3077 GBP
ORD		Purchase		9,152		4.3140 GBP
ORD		Purchase		16,271		4.2955 GBP
ORD		Purchase		19,986		4.2860 GBP
ORD		Purchase		53,033		4.3064 GBP
ORD		Purchase		70,200		54.4212 HKD
ORD		Purchase		83,518		4.2864 GBP
ORD		Purchase		137,926		4.2886 GBP
ORD		Purchase		206,073		4.2947 GBP
ORD		Purchase		227,606		4.3116 GBP
ORD		Purchase		300		54.0000 HKD
ORD		Purchase		400		54.1000 HKD
ORD		Purchase		1,300		54.1500 HKD
ORD		Purchase		10,300		54.0500 HKD
ORD		Sale		100		54.6000 HKD
ORD		Sale		800		54.3500 HKD
ORD		Sale		10,600		54.1000 HKD
ORD		Sale		13,600		54.4500 HKD
ORD		Sale		23,400		54.5000 HKD
ORD		Sale		27,500		54.3000 HKD
ORD		Sale		74,300		54.4000 HKD
ORD		Sale		20		4.3360 GBP
ORD		Sale		201		4.2750 GBP
ORD		Sale		300		54.0000 HKD
ORD		Sale		400		4.3146 GBP
ORD		Sale		2,200		4.3229 GBP
ORD		Sale		2,450		4.3245 GBP
ORD		Sale		7,938		4.3069 GBP
ORD		Sale		11,257		4.2893 GBP
ORD		Sale		11,652		4.3004 GBP
ORD		Sale		13,510		4.2937 GBP
ORD		Sale		17,411		4.2868 GBP
ORD		Sale		26,720		4.2640 GBP
ORD		Sale		37,256		4.2906 GBP
ORD		Sale		39,313		4.3017 GBP
ORD		Sale		69,900		4.3302 GBP
ORD		Sale		72,664		4.2888 GBP
ORD		Sale		100,000		4.2945 GBP
ORD		Sale		109,170		4.2892 GBP
ORD		Sale		190,873		4.2896 GBP
ORD		Sale		200,000		4.3184 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		SWAP		Long		593		4.3201 GBP
ORD		CFD		Long		1,400		54.0500 HKD
ORD		CFD		Long		1,400		54.4310 HKD
ORD		SWAP		Long		1,735		4.2702 GBP
ORD		CFD		Long		2,459		4.2861 GBP
ORD		SWAP		Long		4,650		4.3238 GBP
ORD		CFD		Long		10,600		4.3140 GBP
ORD		CFD		Long		10,600		54.0641 HKD
ORD		CFD		Long		30,434		4.3054 GBP
ORD		CFD		Long		35,000		4.2998 GBP
ORD		CFD		Long		47,380		4.2891 GBP
ORD		CFD		Long		61,790		4.2892 GBP
ORD		CFD		Long		78,700		4.3110 GBP
ORD		CFD		Long		78,700		54.2768 HKD
ORD		CFD		Long		95,957		4.3027 GBP
ORD		CFD		Long		100,000		4.2945 GBP
ORD		CFD		Long		200,000		4.3184 GBP
ORD		SWAP		Short		600		4.3350 GBP
ORD		CFD		Short		1,400		54.1183 HKD
ORD		CFD		Short		1,400		54.5000 HKD
ORD		CFD		Short		2,459		4.2861 GBP
ORD		CFD		Short		10,600		4.3143 GBP
ORD		CFD		Short		10,600		54.1290 HKD
ORD		CFD		Short		30,434		4.3060 GBP
ORD		CFD		Short		35,000		4.2998 GBP
ORD		CFD		Short		47,380		4.2891 GBP
ORD		CFD		Short		61,790		4.2892 GBP
ORD		CFD		Short		78,700		4.3114 GBP
ORD		CFD		Short		78,700		54.3420 HKD
ORD		CFD		Short		95,957		4.3030 GBP
ORD		CFD		Short		100,000		4.2945 GBP
ORD		CFD		Short		200,000		4.3184 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 Â

Date of disclosure:	Â	3 May 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.

143221.01

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

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Put Options

Purchased

250,000

4.4000

American

4 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

4 May 2012

ORD

Call Options

Written

-250,000

4.6000

American

4 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

4 May 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.