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 relevant securities this form relates:

Use a separate form for each offeror/offeree

 

GLENCORE INTL PLC

(c) Name of the party to the offer with which exempt principal trader is connected:  

Advisor to Offeree

(d) Date position held/dealing undertaken:  

21 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?  

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:       ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 15,246,681 0.22% 30,762,122 0.44%
           
(2) Derivatives (other than
options): 27,480,948 0.40% 14,159,472 0.20%
           
(3) Options and agreements to
purchase/sell: 1,363,800 0.02% 250,000 0.00%
           
(4) TOTAL:
44,091,429 0.64% 45,171,594 0.65%
 
Class of relevant security:   Convertible Bond XS0475310396      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 3,600,000 0.16% 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:
3,600,000 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:  
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  
Convertible Bond Purchase 1,000,000 126.0500 USD
Convertible Bond Purchase 3,000,000 126.1250 USD
Convertible Bond Sale 1,000,000 127.0000 USD
Convertible Bond Sale 2,300,000 126.6250 USD
ORD Purchase 100 46.4000 HKD
ORD Purchase 185 3.7327 GBP
ORD Purchase 500 46.4500 HKD
ORD Purchase 500 46.6000 HKD
ORD Purchase 1,700 46.7000 HKD
ORD Purchase 2,700 46.9500 HKD
ORD Purchase 3,100 46.5000 HKD
ORD Purchase 4,100 3.6141 GBP
ORD Purchase 4,100 46.7500 HKD
ORD Purchase 5,100 46.5500 HKD
ORD Purchase 6,239 3.7190 GBP
ORD Purchase 6,757 3.6683 GBP
ORD Purchase 10,894 3.6515 GBP
ORD Purchase 11,037 3.6185 GBP
ORD Purchase 17,601 3.6228 GBP
ORD Purchase 18,600 3.6513 GBP
ORD Purchase 25,077 3.6323 GBP
ORD Purchase 32,174 3.6334 GBP
ORD Purchase 39,647 3.7300 GBP
ORD Purchase 73,572 3.6428 GBP
ORD Purchase 75,338 3.6434 GBP
ORD Purchase 76,281 3.6727 GBP
ORD Purchase 264,912 3.6711 GBP
ORD Purchase 341,162 3.7109 GBP
ORD Purchase 389,201 3.6634 GBP
ORD Purchase 509,000 3.6333 GBP
ORD Purchase 3,523,080 3.6200 GBP
ORD Sale 108 3.6455 GBP
ORD Sale 185 3.7329 GBP
ORD Sale 500 46.7000 HKD
ORD Sale 801 3.6240 GBP
ORD Sale 1,900 46.7500 HKD
ORD Sale 2,018 3.6956 GBP
ORD Sale 3,000 47.1500 HKD
ORD Sale 3,300 46.8500 HKD
ORD Sale 4,000 3.6325 GBP
ORD Sale 7,083 3.7256 GBP
ORD Sale 8,700 46.6879 HKD
ORD Sale 8,736 3.6445 GBP
ORD Sale 12,645 3.6189 GBP
ORD Sale 13,854 3.6530 GBP
ORD Sale 19,194 3.6686 GBP
ORD Sale 25,506 3.6908 GBP
ORD Sale 39,647 3.7300 GBP
ORD Sale 52,943 3.6559 GBP
ORD Sale 57,512 3.6580 GBP
ORD Sale 92,600 3.6857 GBP
ORD Sale 200,000 3.7260 GBP
ORD Sale 299,548 3.6875 GBP
ORD Sale 400,000 3.6279 GBP
ORD Sale 614,832 3.6200 GBP
ORD Sale 750,000 3.6000 GBP
ORD Sale 980,479 3.6271 GBP
ORD (traded as ADR) Purchase 3,200 11.7500 USD
ORD (traded as ADR) Sale 3,200 11.7500 USD

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD SWAP Long 5,100 3.6274 GBP
ORD CFD Long 5,819 3.7259 GBP
ORD CFD Long 7,373 3.6234 GBP
ORD CFD Long 8,700 46.8666 HKD
ORD CFD Long 8,900 3.7273 GBP
ORD CFD Long 21,375 3.6195 GBP
ORD CFD Long 44,963 3.6927 GBP
ORD CFD Short 200 46.5057 HKD
ORD SWAP Short 800 3.6225 GBP
ORD SWAP Short 4,100 3.6141 GBP
ORD CFD Short 8,900 46.6936 HKD
ORD CFD Short 11,900 3.6928 GBP
ORD CFD Short 21,375 3.6513 GBP
ORD CFD Short 21,964 3.6370 GBP
ORD CFD Short 61,093 3.6751 GBP
ORD SWAP Short 75,338 3.6434 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class   Product   Writing,   Number   Exercise   Type   Expiry   Option
of description purchasing, of price date money
relevant selling, securities per unit paid/
security varying etc to which received
option per unit
      relates        
ORD Call Options Purchasing 1,750,000 3.6 GBP American 21 September 2012 TRANSFER
ORD Call Options Purchasing 1,750,000 4.8 GBP American 21 September 2012 TRANSFER
ORD Put Options Purchasing 2,500,000 3.6 GBP American 21 September 2012 0.0200 GBP
ORD Put Options Selling 1,000,000 3 GBP American 21 September 2012 TRANSFER
ORD Put Options Selling 2,500,000 3.6 GBP American 21 September 2012 0.0200 GBP

(ii) Exercising

Class of relevant   Product description   Number of   Exercise price per
security   securities unit
ORD Call Options 15,000,000 3.8 GBP
ORD Call Options 15,000,000 4 GBP
ORD Put Options 15,000,000 2.6 GBP
ORD Call Options 7,500,000 3.8 GBP
ORD Call Options 7,500,000 4 GBP
ORD Put Options 7,500,000 2.6 GBP
ORD Call Options 2,500,000 3.6 GBP

(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:  

24 Sep 2012

Contact name:   Geoff Smith
Telephone number:   020 7116 2913

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:  

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   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 3.2000 American 23 Sep 2012
ORD Call Options Written -250,000 3.6000 American 23 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.

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.

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Glencore (GLEN)
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