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:		12 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:		12,192,748		0.18%		30,955,421		0.45%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		29,397,879		0.42%		12,677,806		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:
				46,454,427		0.67%		54,133,227		0.78%
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:		4,900,000		0.21%		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:
				4,900,000		0.21%		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
Convertible Bond		Purchase		1,000,000		122.0500 USD
Convertible Bond		Sale		600,000		122.2000 USD
ORD		Purchase		100		45.6000 HKD
ORD		Purchase		600		45.2000 HKD
ORD		Purchase		600		45.3500 HKD
ORD		Purchase		600		45.7000 HKD
ORD		Purchase		700		45.7500 HKD
ORD		Purchase		700		45.8000 HKD
ORD		Purchase		1,000		45.6500 HKD
ORD		Purchase		1,100		45.4000 HKD
ORD		Purchase		1,100		45.5000 HKD
ORD		Purchase		1,300		45.2500 HKD
ORD		Purchase		1,400		45.3000 HKD
ORD		Purchase		1,541		3.5847 GBP
ORD		Purchase		1,600		3.6389 GBP
ORD		Purchase		1,881		3.6529 GBP
ORD		Purchase		1,900		45.1500 HKD
ORD		Purchase		3,100		45.5758 HKD
ORD		Purchase		3,433		3.6237 GBP
ORD		Purchase		12,965		3.6317 GBP
ORD		Purchase		14,703		3.6291 GBP
ORD		Purchase		19,860		3.5865 GBP
ORD		Purchase		41,015		3.6460 GBP
ORD		Purchase		48,242		3.6221 GBP
ORD		Purchase		157,332		3.6269 GBP
ORD		Purchase		385,313		3.5960 GBP
ORD		Purchase		549,297		3.6256 GBP
ORD		Purchase		564,271		3.6191 GBP
ORD		Sale		100		45.2500 HKD
ORD		Sale		100		45.8500 HKD
ORD		Sale		200		45.7250 HKD
ORD		Sale		474		3.6176 GBP
ORD		Sale		528		3.5823 GBP
ORD		Sale		1,041		3.5977 GBP
ORD		Sale		2,000		45.7000 HKD
ORD		Sale		3,000		3.6103 GBP
ORD		Sale		5,300		45.4000 HKD
ORD		Sale		6,600		45.3500 HKD
ORD		Sale		6,900		45.3000 HKD
ORD		Sale		8,155		3.5803 GBP
ORD		Sale		12,914		3.5858 GBP
ORD		Sale		13,827		3.6201 GBP
ORD		Sale		13,980		3.6732 GBP
ORD		Sale		15,039		3.6215 GBP
ORD		Sale		19,339		3.5713 GBP
ORD		Sale		20,536		3.6184 GBP
ORD		Sale		34,246		3.6116 GBP
ORD		Sale		41,015		3.6462 GBP
ORD		Sale		57,344		3.5995 GBP
ORD		Sale		68,600		3.5960 GBP
ORD		Sale		116,557		3.6166 GBP
ORD		Sale		500,000		3.6700 GBP
ORD		Sale		556,615		3.6191 GBP
ORD		Sale		675,000		3.6228 GBP
ORD (traded as ADR)		Purchase		1,200		11.5400 USD
ORD (traded as ADR)		Sale		1,200		11.5400 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		4,972		3.5797 GBP
ORD		CFD		Long		8,087		3.6367 GBP
ORD		CFD		Long		13,588		3.6004 GBP
ORD		CFD		Long		15,384		3.5746 GBP
ORD		CFD		Long		17,900		45.2933 HKD
ORD		SWAP		Long		500,000		3.6700 GBP
ORD		SWAP		Long		675,000		3.6228 GBP
ORD		SWAP		Short		200		3.6235 GBP
ORD		SWAP		Short		600		3.6075 GBP
ORD		SWAP		Short		1,600		3.6389 GBP
ORD		CFD		Short		2,000		45.4169 HKD
ORD		SWAP		Short		5,645		3.6824 GBP
ORD		CFD		Short		8,900		45.4696 HKD
ORD		CFD		Short		13,249		3.5895 GBP
ORD		CFD		Short		13,379		3.6405 GBP
ORD		CFD		Short		19,000		3.6292 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	13 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

14 Sep 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

14 Sep 2012

ORD

Put Options

Written

-2,500,000

2.6000

American

14 Sep 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

14 Sep 2012

ORD

Call Options

Purchased

2,500,000

3.6000

American

14 Sep 2012

ORD

Call Options

Written

-1,000,000

3.6000

American

14 Sep 2012

ORD

Call Options

Written

-2,500,000

3.8000

American

14 Sep 2012

ORD

Call Options

Written

-2,500,000

4.0000

American

14 Sep 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

14 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.