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:   BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose

GLENCORE INTL PLC

  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt Advisor to Offeree
  principal trader is connected  
(d) Date position held/dealing undertaken: 17 September 2012
(e) Has the EPT previously disclosed, or is it YES:
today disclosing, under the Code in respect
  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:   ORD
  Interests   Short Positions
    Number   (%) Number   (%)
(1) Relevant securities owned
and/or controlled: 15,693,592 0.23% 28,657,701 0.41%
           
(2) Derivatives (other than
options): 27,627,853 0.40% 16,633,302 0.24%
           
(3) Options and agreements to
purchase/sell: 4,863,800 0.07% 10,500,000 0.15%
           
(4) TOTAL:
48,185,245 0.70% 55,791,003 0.81%
 
Class of relevant security: Convertible Bond XS0475310396
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 3,400,000 0.15% 0 0.00%
           
(2) Derivatives (other than
options): 0 0.00% 0 0.00%
           
(3) Options and agreements to
purchase/sell: 0 0.00% 0 0.00%
           
(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:  
Details, including nature of the rights concerned and relevant percentages:  

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   Purchase/sale   Number of   Price per unit
security   securities  
ORD Purchase 483 3.7377 GBP
ORD Purchase 572 3.7620 GBP
ORD Purchase 800 47.7000 HKD
ORD Purchase 1,000 47.0500 HKD
ORD Purchase 5,200 46.9500 HKD
ORD Purchase 5,228 3.7294 GBP
ORD Purchase 8,605 3.7525 GBP
ORD Purchase 18,914 3.7085 GBP
ORD Purchase 25,873 3.7437 GBP
ORD Purchase 50,928 3.7398 GBP
ORD Purchase 67,000 47.0000 HKD
ORD Purchase 74,407 3.7333 GBP
ORD Purchase 144,537 3.7462 GBP
ORD Purchase 167,212 3.7498 GBP
ORD Purchase 176,415 3.7282 GBP
ORD Purchase 644,996 3.7418 GBP
ORD Sale 100 47.1000 HKD
ORD Sale 200 47.5000 HKD
ORD Sale 263 3.7510 GBP
ORD Sale 289 3.7508 GBP
ORD Sale 300 3.7050 GBP
ORD Sale 483 3.7378 GBP
ORD Sale 800 47.7000 HKD
ORD Sale 900 47.1500 HKD
ORD Sale 1,500 47.4500 HKD
ORD Sale 4,437 3.7619 GBP
ORD Sale 5,521 3.7419 GBP
ORD Sale 28,742 3.7436 GBP
ORD Sale 34,694 3.7383 GBP
ORD Sale 50,000 47.0008 HKD
ORD Sale 112,825 3.7474 GBP
ORD Sale 120,000 3.7117 GBP
ORD Sale 142,000 3.7692 GBP
ORD Sale 231,790 3.7369 GBP
ORD Sale 259,531 3.7447 GBP
ORD Sale 293,685 3.7434 GBP
ORD Sale 425,000 3.7091 GBP
ORD (traded as ADR) Purchase 800 11.9900 USD
ORD (traded as ADR) Purchase 1,480 12.1880 USD
ORD (traded as ADR) Purchase 4,000 12.0300 USD
ORD (traded as ADR) Sale 800 11.9900 USD
ORD (traded as ADR) Sale 1,480 12.1880 USD
ORD (traded as ADR) Sale 4,000 12.0300 USD

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD CFD Long 200 47.4430 HKD
ORD CFD Long 1,000 47.0853 HKD
ORD CFD Long 1,500 47.3930 HKD
ORD CFD Long 7,654 3.7419 GBP
ORD SWAP Long 23,106 3.7399 GBP
ORD CFD Long 24,000 3.7499 GBP
ORD CFD Long 152,975 3.7335 GBP
ORD CFD Short 240 3.7659 GBP
ORD CFD Short 380 3.7664 GBP
ORD CFD Short 511 3.7669 GBP
ORD CFD Short 605 3.7644 GBP
ORD CFD Short 1,082 3.7674 GBP
ORD CFD Short 1,900 3.7631 GBP
ORD CFD Short 3,200 47.0594 HKD
ORD CFD Short 3,342 3.7579 GBP
ORD SWAP Short 16,819 3.7063 GBP
ORD CFD Short 20,000 47.0438 HKD
ORD CFD Short 137,703 3.7353 GBP
ORD CFD Short 144,537 3.7462 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercising

Class of relevant security   Product description

e.g. call option

  Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   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?   YES
Date of disclosure: 18 Sep 2012
Contact name: Geoff Smith
Telephone number: 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 monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

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   BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:  
Name of offeror/offeree in relation to whose GLENCORE INTL PLC
relevant securities this from relates:  

2. OPTIONS AND DERIVATIVES

Class   Product   Writing,   Number   Exercise   Type   Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
ORD Call Options Purchased 363,800 4.1000 European 16 Oct 2012
ORD Put Options Purchased 1,000,000 3.0000 American 19 Sep 2012
ORD Put Options Purchased 1,000,000 3.2000 American 19 Sep 2012
ORD Put Options Written -2,500,000 2.6000 American 19 Sep 2012
ORD Put Options Written -1,000,000 4.8000 American 19 Sep 2012
ORD Call Options Purchased 2,500,000 3.6000 American 19 Sep 2012
ORD Call Options Written -1,000,000 3.6000 American 19 Sep 2012
ORD Call Options Written -2,500,000 3.8000 American 19 Sep 2012
ORD Call Options Written -2,500,000 4.0000 American 19 Sep 2012
ORD Call Options Written -1,000,000 4.8000 American 19 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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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Glencore (GLEN)
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