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	6 September 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:		2,487,006		0.04%		26,496,360		0.38%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		22,882,195		0.33%		724,000		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:
				30,233,001		0.44%		37,720,360		0.54%
											Â
Class of relevant security:		Â		Convertible Bond XS0475310396		Â		Â		Â
				Interests				Short Positions
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		100		47.8000 HKD
ORD		Purchase		200		47.5500 HKD
ORD		Purchase		400		48.2500 HKD
ORD		Purchase		500		48.4500 HKD
ORD		Purchase		600		47.8500 HKD
ORD		Purchase		1,391		3.9504 GBP
ORD		Purchase		1,400		47.4500 HKD
ORD		Purchase		1,431		3.9235 GBP
ORD		Purchase		4,000		47.6000 HKD
ORD		Purchase		6,000		48.4000 HKD
ORD		Purchase		6,000		48.5500 HKD
ORD		Purchase		9,000		48.1000 HKD
ORD		Purchase		10,000		48.0500 HKD
ORD		Purchase		10,500		48.3500 HKD
ORD		Purchase		11,200		47.9000 HKD
ORD		Purchase		11,500		48.5000 HKD
ORD		Purchase		17,300		48.2000 HKD
ORD		Purchase		17,900		47.5558 HKD
ORD		Purchase		23,008		3.9517 GBP
ORD		Purchase		24,000		48.1500 HKD
ORD		Purchase		25,069		3.9518 GBP
ORD		Purchase		31,200		48.0000 HKD
ORD		Purchase		32,600		48.3000 HKD
ORD		Purchase		35,699		3.9524 GBP
ORD		Purchase		37,101		3.9566 GBP
ORD		Purchase		59,495		3.9544 GBP
ORD		Purchase		69,631		3.9780 GBP
ORD		Purchase		115,049		3.9408 GBP
ORD		Purchase		139,262		3.9965 GBP
ORD		Purchase		194,242		3.9493 GBP
ORD		Purchase		208,893		3.9570 GBP
ORD		Purchase		267,768		3.9330 GBP
ORD		Purchase		355,830		3.9474 GBP
ORD		Purchase		1,010,013		3.9480 GBP
ORD		Purchase		1,630,162		3.9526 GBP
ORD		Purchase		2,121,000		3.9355 GBP
ORD		Sale		100		47.6500 HKD
ORD		Sale		100		47.7000 HKD
ORD		Sale		435		3.9223 GBP
ORD		Sale		500		47.5500 HKD
ORD		Sale		2,750		3.9493 GBP
ORD		Sale		3,000		48.4000 HKD
ORD		Sale		3,900		3.9408 GBP
ORD		Sale		4,151		3.9393 GBP
ORD		Sale		5,200		47.5576 HKD
ORD		Sale		8,000		47.5000 HKD
ORD		Sale		9,473		3.9431 GBP
ORD		Sale		9,727		3.9325 GBP
ORD		Sale		9,800		48.2000 HKD
ORD		Sale		10,000		47.6000 HKD
ORD		Sale		12,894		3.9491 GBP
ORD		Sale		17,908		3.9469 GBP
ORD		Sale		28,000		3.9069 GBP
ORD		Sale		35,203		3.9459 GBP
ORD		Sale		45,676		3.9455 GBP
ORD		Sale		87,877		3.9253 GBP
ORD		Sale		95,749		3.9386 GBP
ORD		Sale		96,270		3.9536 GBP
ORD		Sale		139,493		3.9286 GBP
ORD		Sale		178,645		3.9341 GBP
ORD		Sale		188,090		3.9262 GBP
ORD		Sale		354,370		3.9269 GBP
ORD		Sale		394,427		3.9559 GBP
ORD		Sale		543,981		3.9389 GBP
ORD		Sale		658,442		3.9503 GBP
ORD		Sale		1,630,334		3.9380 GBP
ORD (traded as ADR)		Purchase		400		12.4200 USD
ORD (traded as ADR)		Purchase		2,400		12.5250 USD
ORD (traded as ADR)		Sale		400		12.4200 USD
ORD (traded as ADR)		Sale		2,400		12.5250 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		400		47.4898 HKD
ORD		SWAP		Long		3,300		3.9507 GBP
ORD		SWAP		Long		10,300		3.9474 GBP
ORD		CFD		Long		12,189		3.9365 GBP
ORD		CFD		Long		12,800		48.1889 HKD
ORD		SWAP		Long		53,111		3.9463 GBP
ORD		CFD		Long		57,629		3.9506 GBP
ORD		CFD		Long		100,000		3.9604 GBP
ORD		CFD		Long		173,398		3.9216 GBP
ORD		CFD		Long		394,427		3.9558 GBP
ORD		SWAP		Short		934		3.8996 GBP
ORD		CFD		Short		6,664		3.9576 GBP
ORD		CFD		Short		12,246		3.9016 GBP
ORD		CFD		Short		13,200		3.9160 GBP
ORD		CFD		Short		22,775		3.9190 GBP
ORD		CFD		Short		30,226		3.9342 GBP
ORD		SWAP		Short		33,866		3.9545 GBP
ORD		CFD		Short		57,629		3.9208 GBP
ORD		SWAP		Short		96,596		3.9552 GBP
ORD		CFD		Short		170,900		48.2477 HKD
ORD		CFD		Short		300,000		3.9209 GBP
ORD		CFD		Short		500,000		3.9678 GBP
ORD		CFD		Short		850,000		3.9246 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	7 Sep 2012 Â
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

Purchased

363,800

4.1000

European

16 Oct 2012

ORD

Put Options

Purchased

1,000,000

3.0000

American

8 Sep 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

8 Sep 2012

ORD

Put Options

Written

-2,500,000

2.6000

American

8 Sep 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

8 Sep 2012

ORD

Call Options

Purchased

2,500,000

3.6000

American

8 Sep 2012

ORD

Call Options

Written

-1,000,000

3.6000

American

8 Sep 2012

ORD

Call Options

Written

-2,500,000

3.8000

American

8 Sep 2012

ORD

Call Options

Written

-2,500,000

4.0000

American

8 Sep 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

8 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.