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 May 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:		1,584,206		0.02%		11,527,532		0.17%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		9,681,632		0.14%		1,004,980		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:
				11,515,838		0.17%		14,858,412		0.21%

	Â		Â		Â		Â		Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		5,300,000		0.23%		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:
				5,300,000		0.23%		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		2,000,000		120.6000 USD
ORD		Purchase		52		3.3988 GBP
ORD		Purchase		1,289		3.3630 GBP
ORD		Purchase		2,081		3.3889 GBP
ORD		Purchase		4,311		3.3647 GBP
ORD		Purchase		16,127		3.4162 GBP
ORD		Purchase		19,991		3.3862 GBP
ORD		Purchase		32,929		3.3875 GBP
ORD		Purchase		34,381		3.3892 GBP
ORD		Purchase		81,154		3.3899 GBP
ORD		Purchase		166,782		3.3898 GBP
ORD		Purchase		457,000		42.4864 HKD
ORD		Purchase		572,261		3.3894 GBP
ORD		Purchase		591,190		3.4299 GBP
ORD		Purchase		890,053		3.3749 GBP
ORD		Sale		52		3.3990 GBP
ORD		Sale		176		3.4376 GBP
ORD		Sale		200		42.4500 HKD
ORD		Sale		500		3.4075 GBP
ORD		Sale		600		43.1000 HKD
ORD		Sale		622		3.4065 GBP
ORD		Sale		700		42.9500 HKD
ORD		Sale		1,289		3.3630 GBP
ORD		Sale		2,800		43.2500 HKD
ORD		Sale		3,900		42.9778 HKD
ORD		Sale		5,000		43.1500 HKD
ORD		Sale		7,284		3.3980 GBP
ORD		Sale		7,800		42.3500 HKD
ORD		Sale		8,600		42.6000 HKD
ORD		Sale		12,700		43.0000 HKD
ORD		Sale		12,800		43.2000 HKD
ORD		Sale		13,000		42.1500 HKD
ORD		Sale		13,300		42.1000 HKD
ORD		Sale		14,142		3.4312 GBP
ORD		Sale		17,000		42.8000 HKD
ORD		Sale		18,180		3.3448 GBP
ORD		Sale		18,900		42.2500 HKD
ORD		Sale		19,700		42.6500 HKD
ORD		Sale		20,400		43.0500 HKD
ORD		Sale		20,815		3.4035 GBP
ORD		Sale		21,800		42.4000 HKD
ORD		Sale		21,800		42.7000 HKD
ORD		Sale		22,000		42.0500 HKD
ORD		Sale		24,600		42.5000 HKD
ORD		Sale		25,100		42.3000 HKD
ORD		Sale		25,580		3.4505 GBP
ORD		Sale		25,600		42.7500 HKD
ORD		Sale		29,500		42.8500 HKD
ORD		Sale		30,561		3.4027 GBP
ORD		Sale		31,000		42.2000 HKD
ORD		Sale		43,630		3.3872 GBP
ORD		Sale		44,700		42.5500 HKD
ORD		Sale		53,443		3.3880 GBP
ORD		Sale		57,500		42.0000 HKD
ORD		Sale		188,126		3.3952 GBP
ORD		Sale		197,699		3.5436 GBP
ORD		Sale		348,020		3.4394 GBP
ORD		Sale		387,305		3.3795 GBP
ORD		Sale		457,100		3.3650 GBP
ORD		Sale		602,012		3.4346 GBP
ORD (traded as ADR)		Purchase		638		10.7000 USD
ORD (traded as ADR)		Sale		638		10.7000 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		100		42.7957 HKD
ORD		CFD		Long		3,900		42.9778 HKD
ORD		CFD		Long		5,858		3.4429 GBP
ORD		CFD		Long		6,000		3.4384 GBP
ORD		CFD		Long		8,000		3.4347 GBP
ORD		CFD		Long		10,099		3.4029 GBP
ORD		SWAP		Long		277,270		3.4373 GBP
ORD		CFD		Short		300		3.3306 GBP
ORD		SWAP		Short		2,414		3.3533 GBP
ORD		CFD		Short		3,850		3.4265 GBP
ORD		CFD		Short		7,000		3.3531 GBP
ORD		SWAP		Short		49,182		3.4128 GBP
ORD		CFD		Short		184,514		3.3793 GBP
ORD		CFD		Short		302,629		3.3859 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:		25 May 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 [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 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

Put Options

Purchased

250,000

4.4000

American

26 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

26 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

26 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

26 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.