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:		11 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:		11,916,091		0.17%		30,363,894		0.44%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		28,685,972		0.41%		12,644,840		0.18%
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:
				45,465,863		0.66%		53,508,734		0.77%
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:		4,500,000		0.20%		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:
				4,500,000		0.20%		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		46.4500 HKD
ORD		Purchase		200		45.7500 HKD
ORD		Purchase		400		45.8000 HKD
ORD		Purchase		600		46.1000 HKD
ORD		Purchase		900		46.3500 HKD
ORD		Purchase		1,000		45.5500 HKD
ORD		Purchase		1,200		46.4000 HKD
ORD		Purchase		1,917		3.6466 GBP
ORD		Purchase		2,100		45.5000 HKD
ORD		Purchase		2,864		3.6435 GBP
ORD		Purchase		3,500		46.0000 HKD
ORD		Purchase		5,000		46.0500 HKD
ORD		Purchase		5,956		3.6603 GBP
ORD		Purchase		7,900		46.5000 HKD
ORD		Purchase		10,891		3.6494 GBP
ORD		Purchase		11,477		3.7602 GBP
ORD		Purchase		12,194		3.6430 GBP
ORD		Purchase		22,655		3.6486 GBP
ORD		Purchase		55,658		3.6457 GBP
ORD		Purchase		63,433		3.6472 GBP
ORD		Purchase		75,316		3.6477 GBP
ORD		Purchase		99,470		3.6461 GBP
ORD		Purchase		139,262		3.6540 GBP
ORD		Purchase		157,493		3.6480 GBP
ORD		Purchase		225,736		3.6437 GBP
ORD		Purchase		459,141		3.6454 GBP
ORD		Purchase		732,637		3.6428 GBP
ORD		Sale		2		3.6820 GBP
ORD		Sale		66		3.6614 GBP
ORD		Sale		100		46.4500 HKD
ORD		Sale		102		3.6283 GBP
ORD		Sale		200		45.6500 HKD
ORD		Sale		300		45.6000 HKD
ORD		Sale		400		45.7500 HKD
ORD		Sale		600		46.1000 HKD
ORD		Sale		1,200		46.4000 HKD
ORD		Sale		1,800		46.1944 HKD
ORD		Sale		3,761		3.6435 GBP
ORD		Sale		4,100		46.0500 HKD
ORD		Sale		5,000		45.9000 HKD
ORD		Sale		5,400		45.4000 HKD
ORD		Sale		7,000		46.0250 HKD
ORD		Sale		8,206		3.6486 GBP
ORD		Sale		8,900		3.6627 GBP
ORD		Sale		9,100		46.4747 HKD
ORD		Sale		15,900		45.5000 HKD
ORD		Sale		19,400		45.4500 HKD
ORD		Sale		20,903		3.6423 GBP
ORD		Sale		21,513		3.6559 GBP
ORD		Sale		25,727		3.6479 GBP
ORD		Sale		73,090		3.6475 GBP
ORD		Sale		219,256		3.6500 GBP
ORD		Sale		275,942		3.6463 GBP
ORD		Sale		309,380		3.6447 GBP
ORD		Sale		463,723		3.6509 GBP
ORD		Sale		862,991		3.6409 GBP
ORD		Sale		1,000,000		3.6400 GBP

(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		343		3.6539 GBP
ORD		CFD		Long		2,500		46.0976 HKD
ORD		SWAP		Long		12,600		3.6588 GBP
ORD		CFD		Long		29,699		3.6466 GBP
ORD		SWAP		Long		30,413		3.6579 GBP
ORD		CFD		Long		50,100		45.5012 HKD
ORD		CFD		Long		173,920		3.6498 GBP
ORD		SWAP		Long		1,000,000		3.8500 GBP
ORD		CFD		Short		1,000		45.6076 HKD
ORD		CFD		Short		1,772		3.6536 GBP
ORD		CFD		Short		1,900		46.1210 HKD
ORD		CFD		Short		2,100		45.5575 HKD
ORD		SWAP		Short		2,200		3.6441 GBP
ORD		SWAP		Short		10,300		3.6485 GBP
ORD		SWAP		Short		33,546		3.6489 GBP
ORD		CFD		Short		50,100		3.6666 GBP
ORD		CFD		Short		188,226		3.6452 GBP
ORD		CFD		Short		475,841		3.6400 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	12 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

13 Sep 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

13 Sep 2012

ORD

Put Options

Written

-2,500,000

2.6000

American

13 Sep 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

13 Sep 2012

ORD

Call Options

Purchased

2,500,000

3.6000

American

13 Sep 2012

ORD

Call Options

Written

-1,000,000

3.6000

American

13 Sep 2012

ORD

Call Options

Written

-2,500,000

3.8000

American

13 Sep 2012

ORD

Call Options

Written

-2,500,000

4.0000

American

13 Sep 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

13 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.