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 September 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:		11,744,342		0.17%		30,126,548		0.44%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		29,033,388		0.42%		12,491,385		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:
				45,641,530		0.66%		53,117,933		0.77%
											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:		3,400,000		0.15%		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:
				3,400,000		0.15%		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		120.2500 USD
Convertible Bond		Sale		2,500,000		120.3000 USD
ORD		Purchase		1,700		45.0000 HKD
ORD		Purchase		2,086		3.5322 GBP
ORD		Purchase		2,700		44.9500 HKD
ORD		Purchase		12,226		3.5302 GBP
ORD		Purchase		13,389		3.5362 GBP
ORD		Purchase		18,829		3.5284 GBP
ORD		Purchase		20,388		3.5503 GBP
ORD		Purchase		28,241		13.4508 GBP
ORD		Purchase		30,000		3.5200 GBP
ORD		Purchase		42,542		3.5371 GBP
ORD		Purchase		52,000		44.6335 HKD
ORD		Purchase		60,248		3.5361 GBP
ORD		Purchase		64,999		3.5330 GBP
ORD		Purchase		92,016		3.5338 GBP
ORD		Purchase		197,234		3.5352 GBP
ORD		Purchase		198,292		3.5287 GBP
ORD		Purchase		216,336		3.5374 GBP
ORD		Purchase		220,000		TRANSFER
ORD		Purchase		226,930		3.5426 GBP
ORD		Purchase		476,721		3.5332 GBP
ORD		Sale		200		45.0000 HKD
ORD		Sale		1,100		44.5500 HKD
ORD		Sale		3,230		3.5451 GBP
ORD		Sale		4,200		44.9678 HKD
ORD		Sale		4,500		44.6000 HKD
ORD		Sale		4,946		3.5311 GBP
ORD		Sale		5,761		3.5335 GBP
ORD		Sale		5,787		3.5434 GBP
ORD		Sale		9,000		44.5000 HKD
ORD		Sale		12,860		3.5275 GBP
ORD		Sale		16,600		44.7000 HKD
ORD		Sale		17,363		3.5278 GBP
ORD		Sale		19,473		3.5359 GBP
ORD		Sale		20,800		44.6500 HKD
ORD		Sale		28,233		3.5282 GBP
ORD		Sale		35,949		3.5342 GBP
ORD		Sale		38,582		3.5313 GBP
ORD		Sale		56,585		3.5498 GBP
ORD		Sale		67,645		3.5339 GBP
ORD		Sale		90,800		3.5430 GBP
ORD		Sale		150,588		3.5326 GBP
ORD		Sale		162,900		3.5416 GBP
ORD		Sale		172,150		3.5314 GBP
ORD		Sale		220,000		TRANSFER
ORD		Sale		543,973		3.5360 GBP
ORD (traded as ADR)		Purchase		4,800		11.3700 USD
ORD (traded as ADR)		Purchase		5,000		11.5568 USD
ORD (traded as ADR)		Sale		4,800		11.3700 USD
ORD (traded as ADR)		Sale		5,000		11.5568 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		9,919		3.5431 GBP
ORD		CFD		Long		10,588		3.5309 GBP
ORD		CFD		Long		14,464		3.5420 GBP
ORD		CFD		Long		220,000		45.0000 HKD
ORD		SWAP		Short		2,086		3.5322 GBP
ORD		CFD		Short		4,800		3.5407 GBP
ORD		SWAP		Short		5,000		3.5384 GBP
ORD		CFD		Short		7,643		3.5526 GBP
ORD		CFD		Short		10,370		3.5431 GBP
ORD		SWAP		Short		28,241		3.5281 GBP
ORD		CFD		Short		34,563		3.5387 GBP
ORD		CFD		Short		220,000		3.6065 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 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.

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
Name of offeror/offeree in relation to whose relevant securities the disclosure relates:		GLENCORE INTL PLC   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

15 Sep 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

15 Sep 2012

ORD

Put Options

Written

-2,500,000

2.6000

American

15 Sep 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

15 Sep 2012

ORD

Call Options

Purchased

2,500,000

3.6000

American

15 Sep 2012

ORD

Call Options

Written

-1,000,000

3.6000

American

15 Sep 2012

ORD

Call Options

Written

-2,500,000

3.8000

American

15 Sep 2012

ORD

Call Options

Written

-2,500,000

4.0000

American

15 Sep 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

15 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.