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	13 November 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:		4,271,928		0.06%		26,528,622		0.37%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		26,095,547		0.37%		1,904,739		0.03%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,000,000		0.01%		250,000		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				31,367,475		0.44%		28,683,361		0.40%

	Â		Â				Â		Â
Class of relevant security:		Â		Convertible Bond XS0475310396				Â		Â
				Interests				Short Positions
Â		Â		Number	Â	(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		2,300,000		0.10%		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:
				2,300,000		0.10%		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		2,297		3.3397 GBP
ORD		Purchase		3,957		3.3243 GBP
ORD		Purchase		5,940		3.3481 GBP
ORD		Purchase		6,280		3.3364 GBP
ORD		Purchase		7,759		3.3454 GBP
ORD		Purchase		10,025		3.3622 GBP
ORD		Purchase		26,279		3.3371 GBP
ORD		Purchase		26,915		3.3596 GBP
ORD		Purchase		41,615		3.3478 GBP
ORD		Purchase		65,122		3.3542 GBP
ORD		Purchase		65,768		3.3435 GBP
ORD		Purchase		117,891		3.3445 GBP
ORD		Purchase		152,028		3.3636 GBP
ORD		Purchase		733,039		3.3562 GBP
ORD		Sale		200		3.3437 GBP
ORD		Sale		500		3.3615 GBP
ORD		Sale		536		3.3491 GBP
ORD		Sale		719		3.3428 GBP
ORD		Sale		1,391		3.3585 GBP
ORD		Sale		3,957		3.3243 GBP
ORD		Sale		5,702		3.3634 GBP
ORD		Sale		6,339		3.3481 GBP
ORD		Sale		8,743		3.3574 GBP
ORD		Sale		11,580		3.3467 GBP
ORD		Sale		12,764		3.3439 GBP
ORD		Sale		24,763		3.3418 GBP
ORD		Sale		34,038		3.3391 GBP
ORD		Sale		49,174		3.3398 GBP
ORD		Sale		59,416		3.3551 GBP
ORD		Sale		69,320		3.3449 GBP
ORD		Sale		154,370		3.3293 GBP
ORD		Sale		347,472		3.3690 GBP
ORD		Sale		373,682		3.3523 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		500		3.3615 GBP
ORD		CFD		Long		3,957		3.3243 GBP
ORD		SWAP		Long		24,763		3.3418 GBP
ORD		CFD		Long		39,388		3.3531 GBP
ORD		SWAP		Long		47,845		3.3449 GBP
ORD		CFD		Long		124,980		3.3236 GBP
ORD		SWAP		Short		2,297		3.3397 GBP
ORD		CFD		Short		13,968		3.3321 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	Â	Product description	Â	Number of	Â	Exercise price per
security		Â		securities		unit
ORD		Call Options		1,363,800		3.85 GBP
ORD		Put Options		1,363,800		3.2 GBP
ORD		Call Options		2,727,600		3.85 GBP
ORD		Put Options		2,727,600		3.2 GBP

(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:		14 Nov 2012
Contact name:		Geoff Smith
Telephone number:		0203 555 4632

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

Put Options

Purchased

1,000,000

3.2000

American

15 Nov 2012

ORD

Call Options

Written

-250,000

3.6000

American

15 Nov 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.