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: 25 May 2012
(e) Has the EPT previously disclosed, or is it YES:
today disclosing, under the Code in respect XSTRATA PLC
  of any other party to this offer?  

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: 1,497,970 0.02% 11,220,243 0.16%
           
(2) Derivatives (other than
options): 9,361,187 0.14% 938,730 0.01%
           
(3) Options and agreements to
purchase/sell: 250,000 0.00% 2,325,900 0.03%
           
(4) TOTAL:
11,109,157 0.16% 14,484,873 0.21%
 
 
Class of relevant security:   Convertible Bond      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 5,400,000 0.23% 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:
5,400,000 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:  
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 100,000 119.0000 USD
ORD Purchase 476 3.4334 GBP
ORD Purchase 3,828 3.4389 GBP
ORD Purchase 4,149 3.4314 GBP
ORD Purchase 7,064 3.4065 GBP
ORD Purchase 11,867 3.4241 GBP
ORD Purchase 11,889 3.4168 GBP
ORD Purchase 13,000 42.1923 HKD
ORD Purchase 35,416 3.4250 GBP
ORD Purchase 53,443 3.4165 GBP
ORD Purchase 75,000 3.3984 GBP
ORD Purchase 93,735 3.4216 GBP
ORD Purchase 127,119 3.4227 GBP
ORD Purchase 142,599 3.4305 GBP
ORD Purchase 263,595 3.4387 GBP
ORD Purchase 281,541 3.4235 GBP
ORD Purchase 591,190 3.4300 GBP
ORD Sale 100 42.6500 HKD
ORD Sale 476 3.4335 GBP
ORD Sale 503 3.4263 GBP
ORD Sale 1,000 3.4275 GBP
ORD Sale 1,040 3.4019 GBP
ORD Sale 1,944 3.4248 GBP
ORD Sale 2,900 3.4230 GBP
ORD Sale 3,000 42.5000 HKD
ORD Sale 7,064 3.4250 GBP
ORD Sale 10,000 42.1000 HKD
ORD Sale 15,000 3.4406 GBP
ORD Sale 18,656 3.4211 GBP
ORD Sale 26,211 3.4153 GBP
ORD Sale 26,250 3.4236 GBP
ORD Sale 44,034 3.3992 GBP
ORD Sale 44,831 3.4165 GBP
ORD Sale 45,000 3.4065 GBP
ORD Sale 108,844 3.4197 GBP
ORD Sale 121,396 3.4198 GBP
ORD Sale 162,160 3.4179 GBP
ORD Sale 200,000 3.4509 GBP
ORD Sale 266,104 3.4225 GBP

(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 100 42.5945 HKD
ORD SWAP Long 25,555 3.4220 GBP
ORD CFD Long 122,359 3.4200 GBP
ORD SWAP Long 153,675 3.4188 GBP
ORD SWAP Short 4,149 3.4314 GBP
ORD SWAP Short 32,881 3.4246 GBP
ORD CFD Short 56,850 3.4269 GBP
ORD SWAP Short 162,535 3.4232 GBP
ORD CFD Short 263,595 3.4387 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:  

28 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 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.

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 Put Options Purchased 250,000 4.4000 American 27 May 2012
ORD Put Options Written -1,000,000 4.8000 American 27 May 2012
ORD Call Options Written -75,900 4.3890 European 6 Jul 2012
ORD Call Options Written -250,000 4.6000 American 27 May 2012
ORD Call Options Written -1,000,000 4.8000 American 27 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 +44 (0)20 7638 0129.

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

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