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:  

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

 

GLENCORE INTL PLC

(c) Name of the party to the offer with which exempt principal trader is connected:  

Advisor to Offeree

(d) Date position held/dealing undertaken:  

11 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?  

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:       ORD            
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,038,939 0.02% 10,144,022 0.15%
           
(2) Derivatives (other than
options): 9,293,206 0.13% 377,023 0.01%
           
(3) Options and agreements to
purchase/sell: 250,000 0.00% 2,325,900 0.03%
           
(4) TOTAL:
10,582,145 0.15% 12,846,945 0.19%
 
 
Class of relevant security:   Convertible Bond      
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,200,000 0.05% 0 0.00%
           
(2) Derivatives (other than
options): 0 0.00% 0 0.00%
           
(3) Options and agreements to
purchase/sell: 0 0.00% 0 0.00%
           
(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:  
Details, including nature of the rights concerned and relevant percentages:  

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   Purchase/sale   Number of   Price per unit
security   securities  
ORD Purchase 495 3.7990 GBP
ORD Purchase 673 3.8994 GBP
ORD Purchase 1,863 3.8949 GBP
ORD Purchase 2,564 3.8950 GBP
ORD Purchase 5,000 3.8317 GBP
ORD Purchase 7,007 3.8544 GBP
ORD Purchase 7,046 3.8829 GBP
ORD Purchase 9,614 3.8134 GBP
ORD Purchase 15,000 3.9146 GBP
ORD Purchase 17,086 3.8418 GBP
ORD Purchase 20,281 3.8215 GBP
ORD Purchase 24,765 3.8196 GBP
ORD Purchase 46,276 3.8249 GBP
ORD Purchase 81,921 3.8390 GBP
ORD Purchase 106,886 3.8435 GBP
ORD Purchase 137,965 3.8759 GBP
ORD Purchase 148,400 49.3570 HKD
ORD Purchase 339,741 3.8726 GBP
ORD Purchase 355,909 3.8361 GBP
ORD Purchase 500,000 3.8966 GBP
ORD Sale 100 3.9130 GBP
ORD Sale 400 49.6000 HKD
ORD Sale 700 3.9185 GBP
ORD Sale 904 3.8501 GBP
ORD Sale 1,346 3.8817 GBP
ORD Sale 2,000 49.7000 HKD
ORD Sale 2,100 48.5500 HKD
ORD Sale 3,000 48.6000 HKD
ORD Sale 3,212 3.8217 GBP
ORD Sale 4,400 49.4350 HKD
ORD Sale 5,000 49.6500 HKD
ORD Sale 6,990 3.8042 GBP
ORD Sale 9,700 49.3000 HKD
ORD Sale 10,700 49.0000 HKD
ORD Sale 11,400 49.3500 HKD
ORD Sale 11,495 3.8283 GBP
ORD Sale 11,900 48.3500 HKD
ORD Sale 11,900 48.7000 HKD
ORD Sale 12,300 48.6500 HKD
ORD Sale 12,900 49.4000 HKD
ORD Sale 13,200 48.4500 HKD
ORD Sale 13,325 3.9147 GBP
ORD Sale 13,500 48.8000 HKD
ORD Sale 15,000 48.5000 HKD
ORD Sale 18,570 3.8371 GBP
ORD Sale 19,200 49.2500 HKD
ORD Sale 22,800 49.4500 HKD
ORD Sale 23,500 48.7500 HKD
ORD Sale 24,000 49.5000 HKD
ORD Sale 24,000 49.5500 HKD
ORD Sale 31,100 49.1500 HKD
ORD Sale 50,032 3.8313 GBP
ORD Sale 56,800 49.2000 HKD
ORD Sale 63,800 49.1000 HKD
ORD Sale 81,186 3.8377 GBP
ORD Sale 110,043 3.8195 GBP
ORD Sale 122,914 3.8353 GBP
ORD Sale 166,110 3.8516 GBP
ORD Sale 306,619 3.8391 GBP

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD SWAP Long 800 3.9107 GBP
ORD SWAP Long 800 3.9178 GBP
ORD CFD Long 3,499 3.7997 GBP
ORD CFD Long 3,599 3.8516 GBP
ORD CFD Long 4,400 49.4350 HKD
ORD SWAP Long 6,959 3.8410 GBP
ORD CFD Long 13,782 3.8389 GBP
ORD CFD Long 22,193 3.8594 GBP
ORD CFD Long 251,800 48.8838 HKD
ORD SWAP Short 495 3.8418 GBP
ORD CFD Short 3,324 3.8904 GBP
ORD CFD Short 3,999 3.8030 GBP
ORD CFD Short 4,000 3.8454 GBP
ORD CFD Short 6,911 3.8498 GBP
ORD CFD Short 9,485 3.7828 GBP
ORD SWAP Short 12,900 3.8350 GBP
ORD CFD Short 19,696 3.8670 GBP
ORD CFD Short 40,000 3.8464 GBP
ORD SWAP Short 55,890 3.8229 GBP
ORD CFD Short 162,187 3.8346 GBP
ORD CFD Short 251,700 3.9035 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercising

Class of relevant security   Product description

e.g. call option

  Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   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?  

YES

 

Date of disclosure:  

14 May 2012

Contact name:   Geoff Smith
Telephone number:   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 monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

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:  

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   Product   Writing,   Number   Exercise   Type   Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
ORD Put Options Purchased 250,000 4.4000 American 13 May 2012
ORD Put Options Written -1,000,000 4.8000 American 13 May 2012
ORD Call Options Written -75,900 4.3890 European 6 Jul 2012
ORD Call Options Written -250,000 4.6000 American 13 May 2012
ORD Call Options Written -1,000,000 4.8000 American 13 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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Companies

Glencore (GLEN)
UK 100

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