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:		5 September 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	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:		2,651,368		0.04%		27,547,642		0.40%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		24,257,286		0.35%		515,609		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:
				31,772,454		0.46%		38,563,251		0.56%
											Â
Class of relevant security:		Â		Convertible Bond XS0475310396		Â		Â		Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		6,500,000		0.28%		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:
				6,500,000		0.28%		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		300		46.9500 HKD
ORD		Purchase		476		3.8705 GBP
ORD		Purchase		500		46.7500 HKD
ORD		Purchase		500		47.0500 HKD
ORD		Purchase		700		46.8000 HKD
ORD		Purchase		1,100		47.5500 HKD
ORD		Purchase		1,400		47.1500 HKD
ORD		Purchase		1,487		3.8772 GBP
ORD		Purchase		2,400		47.2000 HKD
ORD		Purchase		3,000		47.1000 HKD
ORD		Purchase		3,069		3.8802 GBP
ORD		Purchase		5,000		3.8950 GBP
ORD		Purchase		5,000		47.3500 HKD
ORD		Purchase		5,000		47.6500 HKD
ORD		Purchase		6,187		3.8357 GBP
ORD		Purchase		8,492		3.8564 GBP
ORD		Purchase		11,500		47.6000 HKD
ORD		Purchase		11,632		3.8582 GBP
ORD		Purchase		13,191		3.8816 GBP
ORD		Purchase		15,000		47.3000 HKD
ORD		Purchase		18,500		47.5000 HKD
ORD		Purchase		20,100		47.4500 HKD
ORD		Purchase		20,100		47.7000 HKD
ORD		Purchase		52,800		47.4000 HKD
ORD		Purchase		97,870		3.8732 GBP
ORD		Purchase		103,078		3.8696 GBP
ORD		Purchase		196,994		3.8992 GBP
ORD		Purchase		232,232		3.8923 GBP
ORD		Purchase		240,000		3.8722 GBP
ORD		Purchase		344,325		3.8691 GBP
ORD		Purchase		1,428,995		3.8774 GBP
ORD		Purchase		2,633,078		3.8826 GBP
ORD		Sale		1,400		47.1107 HKD
ORD		Sale		3,000		47.1000 HKD
ORD		Sale		4,599		3.8733 GBP
ORD		Sale		4,984		3.8728 GBP
ORD		Sale		6,969		3.8940 GBP
ORD		Sale		13,170		3.8888 GBP
ORD		Sale		13,938		3.8802 GBP
ORD		Sale		14,200		3.8667 GBP
ORD		Sale		22,932		3.8725 GBP
ORD		Sale		27,802		3.8758 GBP
ORD		Sale		28,676		3.8885 GBP
ORD		Sale		30,432		3.8843 GBP
ORD		Sale		40,000		3.8675 GBP
ORD		Sale		48,900		47.3693 HKD
ORD		Sale		78,354		3.8746 GBP
ORD		Sale		81,622		3.8887 GBP
ORD		Sale		83,901		3.8772 GBP
ORD		Sale		88,314		3.8863 GBP
ORD		Sale		110,307		3.8762 GBP
ORD		Sale		150,000		3.8685 GBP
ORD		Sale		263,145		3.8775 GBP
ORD		Sale		293,256		3.8851 GBP
ORD		Sale		630,401		3.8823 GBP
ORD		Sale		659,757		3.8800 GBP
ORD		Sale		1,000,000		3.8500 GBP
ORD		Sale		1,680,059		3.8820 GBP
ORD (traded as ADR)		Purchase		800		12.3500 USD
ORD (traded as ADR)		Sale		800		12.3500 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		SWAP		Long		1,200		3.8915 GBP
ORD		CFD		Long		3,055		3.8561 GBP
ORD		SWAP		Long		5,800		3.8705 GBP
ORD		SWAP		Long		19,184		3.8683 GBP
ORD		CFD		Long		36,999		3.8623 GBP
ORD		CFD		Long		66,704		3.8791 GBP
ORD		CFD		Long		104,502		3.8788 GBP
ORD		CFD		Long		300,000		3.8679 GBP
ORD		SWAP		Long		1,000,000		3.8500 GBP
ORD		CFD		Short		800		3.8926 GBP
ORD		SWAP		Short		19,026		3.8834 GBP
ORD		CFD		Short		32,950		3.8877 GBP
ORD		CFD		Short		66,704		3.8713 GBP
ORD		CFD		Short		104,600		47.5609 HKD
ORD		CFD		Short		111,569		3.8688 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:	Â	6 Sep 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.

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

7 Sep 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

7 Sep 2012

ORD

Put Options

Written

-2,500,000

2.6000

American

7 Sep 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

7 Sep 2012

ORD

Call Options

Purchased

2,500,000

3.6000

American

7 Sep 2012

ORD

Call Options

Written

-1,000,000

3.6000

American

7 Sep 2012

ORD

Call Options

Written

-2,500,000

3.8000

American

7 Sep 2012

ORD

Call Options

Written

-2,500,000

4.0000

American

7 Sep 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

7 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.