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 February 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		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		9,287,110		0.13%		8,352,194		0.12%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		8,584,346		0.12%		8,713,612		0.13%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		550,000		0.01%		2,825,900		0.04%
Â		Â		Â		Â		Â		Â
		TOTAL:
				18,421,456		0.27%		19,891,706		0.29%

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
		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) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		1,538		4.3721 GBP
ORD		Purchase		4,700		54.0728 HKD
ORD		Purchase		5,000		4.3193 GBP
ORD		Purchase		5,447		4.3784 GBP
ORD		Purchase		5,914		4.3718 GBP
ORD		Purchase		14,074		4.3598 GBP
ORD		Purchase		22,424		4.3625 GBP
ORD		Purchase		25,822		4.3603 GBP
ORD		Purchase		56,749		4.3621 GBP
ORD		Purchase		71,050		4.3537 GBP
ORD		Purchase		75,961		4.3712 GBP
ORD		Purchase		83,000		4.4300 GBP
ORD		Purchase		155,000		4.4039 GBP
ORD		Purchase		165,233		4.3821 GBP
ORD		Purchase		250,000		4.3726 GBP
ORD		Purchase		557,000		4.3460 GBP
ORD		Purchase		400		54.0500 HKD
ORD		Sale		400		54.0500 HKD
ORD		Sale		47		4.3800 GBP
ORD		Sale		100		4.3500 GBP
ORD		Sale		246		4.3806 GBP
ORD		Sale		348		4.2996 GBP
ORD		Sale		886		4.3416 GBP
ORD		Sale		1,000		4.3671 GBP
ORD		Sale		1,100		4.3618 GBP
ORD		Sale		1,110		4.2925 GBP
ORD		Sale		1,600		4.3694 GBP
ORD		Sale		2,050		4.3886 GBP
ORD		Sale		2,727		4.3976 GBP
ORD		Sale		3,100		4.3768 GBP
ORD		Sale		3,432		4.3684 GBP
ORD		Sale		3,436		4.3631 GBP
ORD		Sale		3,453		4.3429 GBP
ORD		Sale		3,464		4.3279 GBP
ORD		Sale		4,871		4.3625 GBP
ORD		Sale		17,950		4.3954 GBP
ORD		Sale		18,573		4.3975 GBP
ORD		Sale		20,000		4.3046 GBP
ORD		Sale		21,030		4.3718 GBP
ORD		Sale		51,534		4.3785 GBP
ORD		Sale		73,057		4.3481 GBP
ORD		Sale		101,500		4.3698 GBP
ORD		Sale		122,405		4.3831 GBP
ORD		Sale		123,000		4.2968 GBP
ORD		Sale		1,456,000		4.3809 GBP
ORD		Sale		640		4.2925 GBP
ORD 0.5		Purchase		522 (traded in ADR form)		13.5000 USD
ORD 0.5		Sale		522 (traded in ADR form)		13.5000 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		53.9851 HKD
ORD		CFD		Long		3,032		4.3774 GBP
ORD		CFD		Long		20,000		4.3046 GBP
ORD		CFD		Long		24,952		4.3658 GBP
ORD		CFD		Short		287		4.4117 GBP
ORD		CFD		Short		400		4.3804 GBP
ORD		CFD		Short		400		54.1183 HKD
ORD		CFD		Short		2,075		4.3784 GBP
ORD		CFD		Short		3,372		4.3783 GBP
ORD		CFD		Short		4,700		54.0728 HKD
ORD		CFD		Short		5,000		4.3193 GBP
ORD		CFD		Short		72,049		4.3750 GBP
ORD		CFD		Short		83,000		4.4300 GBP
ORD		CFD		Short		155,000		4.4039 GBP
ORD		CFD		Short		250,000		4.3726 GBP
ORD		CFD		Short		557,000		4.3460 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 Â

Date of disclosure:	Â	14 Feb 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 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 Option

Written

-75,900

4.38909648

European

6 Jul 2012

ORD

Put Option

Purchase

200,000

4.4

American

15 Feb 2012

ORD

Put Option

Purchase

250,000

4.4

American

15 Feb 2012

ORD

Put Option

Written

-1,000,000

4.8

American

15 Feb 2012

ORD

Put Option

Written

-250,000

4.8

American

15 Feb 2012

ORD

Call Option

Purchase

100,000

4.2

European

17 Feb 2012

ORD

Call Option

Written

-1,000,000

4.8

American

15 Feb 2012

ORD

Call Option

Written

-250,000

4.8

American

15 Feb 2012

ORD

Call Option

Written

-250,000

4.6

American

15 Feb 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.