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	20 Nov 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

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:		5,784,028		0.08%		30,355,810		0.43%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		29,102,691		0.41%		2,906,491		0.04%
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:
Â		Â		35,886,719		0.51%		33,512,301		0.47%
Â		Â		Â		Â		Â		Â
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:		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
ORD		Purchase		400		40.2000 HKD
ORD		Purchase		800		40.0500 HKD
ORD		Purchase		1,200		40.6166 HKD
ORD		Purchase		2,600		3.2932 GBP
ORD		Purchase		9,618		3.2946 GBP
ORD		Purchase		11,052		3.3026 GBP
ORD		Purchase		19,693		3.2921 GBP
ORD		Purchase		35,743		3.2886 GBP
ORD		Purchase		46,822		3.2796 GBP
ORD		Purchase		48,251		3.2941 GBP
ORD		Purchase		49,991		3.3322 GBP
ORD		Purchase		53,796		3.3105 GBP
ORD		Purchase		61,610		3.2700 GBP
ORD		Purchase		72,392		3.2752 GBP
ORD		Purchase		80,165		3.2736 GBP
ORD		Purchase		107,817		3.2732 GBP
ORD		Purchase		122,076		3.2844 GBP
ORD		Purchase		154,445		3.2954 GBP
ORD		Purchase		159,202		3.3062 GBP
ORD		Purchase		446,699		3.2991 GBP
ORD		Purchase		457,500		3.3071 GBP
ORD		Purchase		1,071,202		3.2955 GBP
ORD		Purchase		2,017,872		3.2938 GBP
ORD		Sale		100		40.8000 HKD
ORD		Sale		200		40.6500 HKD
ORD		Sale		300		40.2000 HKD
ORD		Sale		1,100		40.6000 HKD
ORD		Sale		1,800		3.3319 GBP
ORD		Sale		3,119		3.2779 GBP
ORD		Sale		3,876		3.3072 GBP
ORD		Sale		4,100		3.3099 GBP
ORD		Sale		4,327		3.3055 GBP
ORD		Sale		5,956		3.2944 GBP
ORD		Sale		6,359		3.2955 GBP
ORD		Sale		8,181		3.2992 GBP
ORD		Sale		9,698		3.3336 GBP
ORD		Sale		10,818		3.3048 GBP
ORD		Sale		27,091		3.2966 GBP
ORD		Sale		28,502		3.2890 GBP
ORD		Sale		29,308		3.2790 GBP
ORD		Sale		30,263		3.2961 GBP
ORD		Sale		52,553		3.2855 GBP
ORD		Sale		72,076		3.2793 GBP
ORD		Sale		119,705		3.2884 GBP
ORD		Sale		141,939		3.2939 GBP
ORD		Sale		165,773		3.2960 GBP
ORD		Sale		168,251		3.3068 GBP
ORD		Sale		222,871		3.2896 GBP
ORD		Sale		375,000		3.3108 GBP
ORD		Sale		500,000		3.2949 GBP
ORD		Sale		579,500		3.2919 GBP
ORD		Sale		588,188		3.2952 GBP
ORD		Sale		3,965,000		3.2902 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		200		40.6012 HKD
ORD		CFD		Long		7,765		3.2876 GBP
ORD		CFD		Long		83,268		3.2986 GBP
ORD		SWAP		Long		92,134		3.2910 GBP
ORD		SWAP		Long		388,644		3.2923 GBP
ORD		SWAP		Long		3,965,000		3.2902 GBP
ORD		CFD		Short		100		40.2482 HKD
ORD		CFD		Short		800		40.1006 HKD
ORD		SWAP		Short		20,298		3.2704 GBP
ORD		CFD		Short		61,610		3.2699 GBP
ORD		CFD		Short		72,392		3.2752 GBP
ORD		CFD		Short		73,702		3.2847 GBP
ORD		SWAP		Short		80,165		3.2736 GBP
ORD		CFD		Short		102,412		3.3024 GBP
ORD		CFD		Short		107,817		3.2732 GBP
ORD		CFD		Short		1,330,909		3.3071 GBP
ORD		SWAP		Short		1,330,909		3.3071 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	21 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.

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

Put Options

Purchased

1,000,000

3.2000

American

22 Nov 2012

ORD

Call Options

Written

-250,000

3.6000

American

22 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.