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:		28 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:		1,960,291		0.03%		11,551,259		0.17%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		9,371,257		0.14%		1,365,868		0.02%
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:
				11,581,548		0.17%		15,243,027		0.22%
											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:		5,400,000		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:
				5,400,000		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:	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		3		3.4690 GBP
ORD		Purchase		4		3.4585 GBP
ORD		Purchase		300		3.4760 GBP
ORD		Purchase		500		3.4766 GBP
ORD		Purchase		600		42.3000 HKD
ORD		Purchase		856		3.4595 GBP
ORD		Purchase		1,600		42.0500 HKD
ORD		Purchase		3,000		42.1500 HKD
ORD		Purchase		4,200		41.7500 HKD
ORD		Purchase		4,788		3.4992 GBP
ORD		Purchase		6,511		3.4812 GBP
ORD		Purchase		7,200		42.0000 HKD
ORD		Purchase		26,182		3.4958 GBP
ORD		Purchase		26,721		3.4565 GBP
ORD		Purchase		26,904		3.4860 GBP
ORD		Purchase		28,469		3.4846 GBP
ORD		Purchase		66,804		3.4805 GBP
ORD		Purchase		69,025		3.4804 GBP
ORD		Purchase		70,477		3.4816 GBP
ORD		Purchase		97,578		3.4581 GBP
ORD		Purchase		168,564		3.4796 GBP
ORD		Purchase		204,901		3.4746 GBP
ORD		Purchase		297,069		3.4793 GBP
ORD		Sale		87		3.4950 GBP
ORD		Sale		189		3.4765 GBP
ORD		Sale		300		3.4825 GBP
ORD		Sale		500		3.4768 GBP
ORD		Sale		1,769		3.4600 GBP
ORD		Sale		2,910		3.4804 GBP
ORD		Sale		3,272		3.4773 GBP
ORD		Sale		3,602		3.4939 GBP
ORD		Sale		10,251		3.4771 GBP
ORD		Sale		10,500		42.0504 HKD
ORD		Sale		27,723		3.4860 GBP
ORD		Sale		28,542		3.4835 GBP
ORD		Sale		50,543		3.4983 GBP
ORD		Sale		56,889		3.4603 GBP
ORD		Sale		57,804		3.4599 GBP
ORD		Sale		80,332		3.4903 GBP
ORD		Sale		83,592		3.4789 GBP
ORD		Sale		140,531		3.4747 GBP
ORD		Sale		181,820		3.4772 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		CFD		Long		505		3.4761 GBP
ORD		SWAP		Long		1,800		3.4862 GBP
ORD		SWAP		Long		3,210		3.4805 GBP
ORD		CFD		Long		6,679		3.4940 GBP
ORD		CFD		Long		56,889		3.4603 GBP
ORD		CFD		Long		140,531		3.4747 GBP
ORD		CFD		Short		600		42.3507 HKD
ORD		CFD		Short		1,300		42.0531 HKD
ORD		CFD		Short		4,200		41.8028 HKD
ORD		CFD		Short		4,788		3.4992 GBP
ORD		SWAP		Short		26,182		3.4957 GBP
ORD		CFD		Short		43,736		3.4769 GBP
ORD		SWAP		Short		47,414		3.4749 GBP
ORD		CFD		Short		96,310		3.4832 GBP
ORD		CFD		Short		97,578		3.4580 GBP
ORD		SWAP		Short		254,574		3.4762 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	29 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].

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

30 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

30 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

30 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

30 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.