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:		18 May 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect		XSTRATA PLC
Â		of any other party to this offer?		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		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,299,482		0.02%		11,844,616		0.17%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		9,651,260		0.14%		706,661		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		250,000		0.00%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				11,200,742		0.16%		14,877,177		0.21%
											Â
											Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		3,700,000		0.16%		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:
				3,700,000		0.16%		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		378		3.4993 GBP
ORD		Purchase		379		3.4637 GBP
ORD		Purchase		871		3.5147 GBP
ORD		Purchase		1,000		43.3000 HKD
ORD		Purchase		1,120		3.4465 GBP
ORD		Purchase		7,150		3.4940 GBP
ORD		Purchase		11,313		3.4595 GBP
ORD		Purchase		11,774		3.4558 GBP
ORD		Purchase		19,111		3.4966 GBP
ORD		Purchase		20,000		3.5082 GBP
ORD		Purchase		25,709		3.5079 GBP
ORD		Purchase		28,145		3.4924 GBP
ORD		Purchase		46,716		3.4600 GBP
ORD		Purchase		59,878		3.4718 GBP
ORD		Purchase		90,655		3.4798 GBP
ORD		Purchase		100,000		3.4681 GBP
ORD		Purchase		104,298		3.4787 GBP
ORD		Purchase		106,886		3.4830 GBP
ORD		Purchase		118,300		43.3459 HKD
ORD		Purchase		129,487		3.4743 GBP
ORD		Purchase		277,930		3.4809 GBP
ORD		Purchase		332,518		3.4766 GBP
ORD		Sale		563		3.4905 GBP
ORD		Sale		1,249		3.5102 GBP
ORD		Sale		1,300		44.1500 HKD
ORD		Sale		1,323		3.4625 GBP
ORD		Sale		1,628		3.5167 GBP
ORD		Sale		3,300		43.9500 HKD
ORD		Sale		3,955		3.4765 GBP
ORD		Sale		5,000		42.9000 HKD
ORD		Sale		5,000		43.1000 HKD
ORD		Sale		5,000		43.2500 HKD
ORD		Sale		5,872		3.4940 GBP
ORD		Sale		8,300		42.9500 HKD
ORD		Sale		8,700		43.2000 HKD
ORD		Sale		10,000		43.7500 HKD
ORD		Sale		12,512		3.4601 GBP
ORD		Sale		13,700		43.8000 HKD
ORD		Sale		13,900		43.2793 HKD
ORD		Sale		15,000		43.8500 HKD
ORD		Sale		25,146		3.5083 GBP
ORD		Sale		34,000		3.4535 GBP
ORD		Sale		35,512		3.4681 GBP
ORD		Sale		42,348		3.4725 GBP
ORD		Sale		44,234		3.4824 GBP
ORD		Sale		47,600		43.1500 HKD
ORD		Sale		69,973		3.4851 GBP
ORD		Sale		120,048		3.5022 GBP
ORD		Sale		134,130		3.4813 GBP
ORD		Sale		200,000		3.4995 GBP
ORD		Sale		280,000		3.5257 GBP
ORD		Sale		314,500		3.5256 GBP
ORD		Sale		350,800		3.4753 GBP
ORD		Sale		582,319		3.4827 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		600		3.5120 GBP
ORD		SWAP		Long		649		3.4685 GBP
ORD		CFD		Long		1,300		44.0941 HKD
ORD		SWAP		Long		1,628		3.5167 GBP
ORD		CFD		Long		1,667		3.5552 GBP
ORD		CFD		Long		3,300		43.8944 HKD
ORD		CFD		Long		13,900		43.2793 HKD
ORD		CFD		Long		30,440		3.5017 GBP
ORD		CFD		Long		37,369		3.4913 GBP
ORD		CFD		Long		66,113		3.4538 GBP
ORD		CFD		Long		280,000		3.5257 GBP
ORD		CFD		Short		1,000		43.3547 HKD
ORD		CFD		Short		6,100		3.4803 GBP
ORD		SWAP		Short		7,150		3.4939 GBP
ORD		CFD		Short		20,594		3.5253 GBP
ORD		SWAP		Short		25,999		3.4760 GBP
ORD		CFD		Short		40,000		3.4756 GBP
ORD		CFD		Short		74,939		3.4459 GBP
ORD		SWAP		Short		120,142		3.4784 GBP
ORD		CFD		Short		146,021		3.4648 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 May 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

Put Options

Purchased

250,000

4.4000

American

20 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

20 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

20 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

20 May 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.