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	24 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:		17,097,786		0.25%		33,878,329		0.49%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		29,860,552		0.43%		14,257,053		0.21%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,363,800		0.02%		250,000		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				48,322,138		0.70%		48,385,382		0.70%
											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:		3,600,000		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:
				3,600,000		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:	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		100		3.5550 GBP
ORD		Purchase		100		45.4500 HKD
ORD		Purchase		100		46.0500 HKD
ORD		Purchase		100		46.1500 HKD
ORD		Purchase		670		3.5340 GBP
ORD		Purchase		2,567		3.5400 GBP
ORD		Purchase		6,548		3.5485 GBP
ORD		Purchase		13,852		3.5456 GBP
ORD		Purchase		20,677		3.5437 GBP
ORD		Purchase		30,925		3.5477 GBP
ORD		Purchase		37,103		3.5335 GBP
ORD		Purchase		43,600		45.2604 HKD
ORD		Purchase		68,239		3.5438 GBP
ORD		Purchase		74,949		3.5209 GBP
ORD		Purchase		114,258		3.5419 GBP
ORD		Purchase		171,846		3.5336 GBP
ORD		Purchase		244,877		3.5376 GBP
ORD		Purchase		305,000		3.5407 GBP
ORD		Purchase		459,097		3.5267 GBP
ORD		Purchase		600,000		3.5472 GBP
ORD		Sale		100		3.5475 GBP
ORD		Sale		100		3.5551 GBP
ORD		Sale		100		45.7000 HKD
ORD		Sale		100		46.0500 HKD
ORD		Sale		300		44.7000 HKD
ORD		Sale		300		44.8000 HKD
ORD		Sale		306		3.5845 GBP
ORD		Sale		400		45.6500 HKD
ORD		Sale		600		3.5807 GBP
ORD		Sale		600		45.0500 HKD
ORD		Sale		1,000		44.8500 HKD
ORD		Sale		1,100		45.1500 HKD
ORD		Sale		1,500		45.1000 HKD
ORD		Sale		1,500		45.6000 HKD
ORD		Sale		1,600		45.4000 HKD
ORD		Sale		1,700		44.9500 HKD
ORD		Sale		2,700		44.9000 HKD
ORD		Sale		2,800		45.3000 HKD
ORD		Sale		3,800		45.5000 HKD
ORD		Sale		3,900		45.3500 HKD
ORD		Sale		5,700		45.5500 HKD
ORD		Sale		7,593		3.5553 GBP
ORD		Sale		9,800		45.4500 HKD
ORD		Sale		11,357		3.5708 GBP
ORD		Sale		13,197		3.5535 GBP
ORD		Sale		22,229		3.5244 GBP
ORD		Sale		30,100		3.5490 GBP
ORD		Sale		36,200		45.0000 HKD
ORD		Sale		38,676		3.5382 GBP
ORD		Sale		44,593		3.5427 GBP
ORD		Sale		60,401		3.5242 GBP
ORD		Sale		100,000		3.5501 GBP
ORD		Sale		121,054		3.5466 GBP
ORD		Sale		139,795		3.5376 GBP
ORD		Sale		519,569		3.5630 GBP
ORD		Sale		1,349,436		3.5270 GBP
ORD (traded as ADR)		Purchase		1,660		11.4355 USD
ORD (traded as ADR)		Sale		1,660		11.4355 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		1,600		45.1896 HKD
ORD		CFD		Long		2,738		3.5372 GBP
ORD		CFD		Long		5,200		45.1341 HKD
ORD		CFD		Long		24,600		44.9673 HKD
ORD		CFD		Long		31,956		3.5570 GBP
ORD		SWAP		Long		1,000,000		3.6363 GBP
ORD		CFD		Short		200		46.1553 HKD
ORD		CFD		Short		529		3.5204 GBP
ORD		CFD		Short		775		3.5074 GBP
ORD		CFD		Short		2,685		3.5059 GBP
ORD		CFD		Short		2,738		3.5577 GBP
ORD		CFD		Short		3,401		3.4966 GBP
ORD		CFD		Short		3,708		3.5004 GBP
ORD		SWAP		Short		4,000		3.5413 GBP
ORD		CFD		Short		4,535		3.5039 GBP
ORD		CFD		Short		5,371		3.5029 GBP
ORD		CFD		Short		5,788		3.5053 GBP
ORD		CFD		Short		5,908		3.5048 GBP
ORD		CFD		Short		8,593		3.5025 GBP
ORD		CFD		Short		10,831		3.5324 GBP
ORD		CFD		Short		13,004		3.5377 GBP
ORD		CFD		Short		17,724		3.4929 GBP
ORD		CFD		Short		26,260		3.5710 GBP
ORD		CFD		Short		52,631		3.5423 GBP
ORD		CFD		Short		77,491		3.5544 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	25 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

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

3.2000

American

26 Sep 2012

ORD

Call Options

Written

-250,000

3.6000

American

26 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.