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	8 Feb 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

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		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		10,332,562		0.15%		10,468,217		0.15%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		10,148,777		0.15%		9,404,793		0.14%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		550,000		0.01%		2,750,000		0.04%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				21,561,727		0.31%		22,623,010		0.33%

Class of relevant security:	Â	Â	Â	Convertible Bond	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		3,000,000		0.13%		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:
				3,000,000		0.13%		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)	Â	Purchases and sales	Â	Â	Â	Â
Class of relevant		Purchase/sale		Number of		Price per unit
security		Â		securities		Â
ORD		Purchase		300		55.7833 HKD
ORD		Purchase		1,097		4.4155 GBP
ORD		Purchase		1,167		4.4195 GBP
ORD		Purchase		8,389		4.4633 GBP
ORD		Purchase		11,693		4.4035 GBP
ORD		Purchase		18,624		4.4163 GBP
ORD		Purchase		20,407		4.4387 GBP
ORD		Purchase		58,669		4.4288 GBP
ORD		Purchase		80,000		4.5000 GBP
ORD		Purchase		80,626		4.4696 GBP
ORD		Purchase		86,407		4.4538 GBP
ORD		Purchase		115,928		4.4127 GBP
ORD		Purchase		300,000		4.3604 GBP
ORD		Sale		24		4.4426 GBP
ORD		Sale		50		4.4876 GBP
ORD		Sale		51		4.4404 GBP
ORD		Sale		109		4.4379 GBP
ORD		Sale		200		4.4696 GBP
ORD		Sale		225		4.4789 GBP
ORD		Sale		400		4.3824 GBP
ORD		Sale		449		4.4386 GBP
ORD		Sale		490		4.4389 GBP
ORD		Sale		500		4.4709 GBP
ORD		Sale		500		4.4866 GBP
ORD		Sale		640		4.4026 GBP
ORD		Sale		946		4.3804 GBP
ORD		Sale		1,000		4.3563 GBP
ORD		Sale		1,000		4.4501 GBP
ORD		Sale		1,037		4.3559 GBP
ORD		Sale		1,097		4.4160 GBP
ORD		Sale		2,200		4.4183 GBP
ORD		Sale		3,689		4.3921 GBP
ORD		Sale		4,147		4.4314 GBP
ORD		Sale		4,242		4.4945 GBP
ORD		Sale		4,711		4.4957 GBP
ORD		Sale		6,889		4.4264 GBP
ORD		Sale		10,553		4.4118 GBP
ORD		Sale		14,063		4.4212 GBP
ORD		Sale		34,408		4.4200 GBP
ORD		Sale		38,175		4.4567 GBP
ORD		Sale		38,526		4.4935 GBP
ORD		Sale		54,721		4.4941 GBP
ORD		Sale		54,793		4.4895 GBP
ORD		Sale		91,309		4.4246 GBP
ORD		Sale		143,857		4.3500 GBP

(b)	Â	Derivatives transactions (other than options)			Â	Â	Â	Â
Class of		Product	Â	Nature of dealing		Number of		Price per
relevant		description				reference		unit
security		Â		Â		securities		Â
ORD		CFD		Long		1,100		57.6769 HKD
ORD		CFD		Long		35,678		4.4643 GBP
ORD		CFD		Short		500		4.3828 GBP
ORD		CFD		Short		1,000		4.4969 GBP
ORD		CFD		Short		12,300		56.0618 HKD
ORD		CFD		Short		300,000		4.3604 GBP
ORD		SWAP		Long		1,000,000		4.4500 GBP
ORD		SWAP		Short		500		4.4892 GBP
ORD		SWAP		Short		1,000,000		4.4500 GBP

(c) Options transactions in respect of existing securities

(i)

Â

Writing, selling, purchasing or varying

Â

Â

Â

Â

Â

Â

Â

Â

Â

Â

Â

Â

Class

Product

Writing,

Number

Exercise

Type

Expiry

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

Â

Â

Â

relates

Â

Â

Â

Â

N/A

Â

Purchasing

200,000

440 GBP

American

16 Mar 2012

20.0000 GBP

(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:	Â	9 Feb 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	020 7116 2913

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.

Â

OPTIONS AND DERIVATIVES

Â

Â

Â

Â

Â

Â

Â

Â

Â

Â

Class

Product

Writing,

Number

Exercise

Type

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

450,000

880.0000

American

10 Feb 2012

ORD

Put Options

Written

-1,250,000

960.0000

American

10 Feb 2012

ORD

Call Options

Purchased

100,000

4.2000

European

17 Feb 2012

ORD

Call Options

Written

-1,500,000

1,420.0000

American

10 Feb 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 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.