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	19 November 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:		4,211,294		0.06%		26,102,138		0.37%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		25,645,411		0.36%		1,954,303		0.03%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,000,000		0.01%		250,000		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				30,856,705		0.43%		28,306,441		0.40%
Â		Â		Â		Â		Â		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:		2,400,000		0.10%		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:
				2,400,000		0.10%		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		1,800,000		118.5000 USD
Convertible Bond		Sale		1,700,000		118.5000 USD
ORD		Purchase		69		3.2675 GBP
ORD		Purchase		100		40.0000 HKD
ORD		Purchase		100		40.0500 HKD
ORD		Purchase		100		40.1000 HKD
ORD		Purchase		200		40.2500 HKD
ORD		Purchase		300		3.2530 GBP
ORD		Purchase		800		40.1500 HKD
ORD		Purchase		964		3.2459 GBP
ORD		Purchase		2,158		3.2428 GBP
ORD		Purchase		2,600		40.2000 HKD
ORD		Purchase		3,600		40.3000 HKD
ORD		Purchase		3,657		3.2424 GBP
ORD		Purchase		9,364		3.2433 GBP
ORD		Purchase		10,699		3.2414 GBP
ORD		Purchase		11,843		3.2595 GBP
ORD		Purchase		38,666		3.2499 GBP
ORD		Purchase		41,595		3.2513 GBP
ORD		Purchase		70,487		3.2590 GBP
ORD		Purchase		78,886		3.2478 GBP
ORD		Purchase		148,000		3.2174 GBP
ORD		Purchase		153,299		3.2470 GBP
ORD		Purchase		296,273		3.2408 GBP
ORD		Purchase		366,363		3.2516 GBP
ORD		Purchase		591,000		3.2425 GBP
ORD		Sale		200		40.1500 HKD
ORD		Sale		264		3.2645 GBP
ORD		Sale		300		40.2500 HKD
ORD		Sale		300		40.3000 HKD
ORD		Sale		1,218		3.2641 GBP
ORD		Sale		1,303		3.2472 GBP
ORD		Sale		1,700		3.2415 GBP
ORD		Sale		2,969		3.2452 GBP
ORD		Sale		4,074		3.2660 GBP
ORD		Sale		4,853		3.2665 GBP
ORD		Sale		5,177		3.2462 GBP
ORD		Sale		5,200		3.2436 GBP
ORD		Sale		6,645		3.2397 GBP
ORD		Sale		6,646		3.2510 GBP
ORD		Sale		7,200		40.2437 HKD
ORD		Sale		7,331		3.2475 GBP
ORD		Sale		8,242		3.2446 GBP
ORD		Sale		9,536		3.2378 GBP
ORD		Sale		17,305		3.2501 GBP
ORD		Sale		27,563		3.2409 GBP
ORD		Sale		70,634		3.2413 GBP
ORD		Sale		100,000		3.2774 GBP
ORD		Sale		103,941		3.2497 GBP
ORD		Sale		109,664		3.2615 GBP
ORD		Sale		155,252		3.2388 GBP
ORD		Sale		250,000		3.2389 GBP
ORD		Sale		401,198		3.2526 GBP
ORD		Sale		500,000		3.2338 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		SWAP		Long		102		3.2584 GBP
ORD		CFD		Long		600		40.2266 HKD
ORD		CFD		Long		1,400		3.2497 GBP
ORD		SWAP		Long		5,200		3.2436 GBP
ORD		CFD		Long		15,342		3.2286 GBP
ORD		CFD		Long		23,649		3.2441 GBP
ORD		CFD		Long		32,103		3.2326 GBP
ORD		CFD		Long		267,943		3.2511 GBP
ORD		CFD		Short		100		40.0480 HKD
ORD		SWAP		Short		2,535		3.2322 GBP
ORD		CFD		Short		5,954		3.2474 GBP
ORD		CFD		Short		21,300		3.2397 GBP
ORD		CFD		Short		233,389		3.2404 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	20 Nov 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	020 3555 4632

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   Â
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

Put Options

Purchased

1,000,000

3.2000

American

21 Nov 2012

ORD

Call Options

Written

-250,000

3.6000

American

21 Nov 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.