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:  

30 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?  

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: 1,499,398 0.02% 12,015,271 0.17%
           
(2) Derivatives (other than
options): 10,000,228 0.14% 932,190 0.01%
           
(3) Options and agreements to
purchase/sell: 250,000 0.00% 2,325,900 0.03%
           
(4) TOTAL:
11,749,626 0.17% 15,273,361 0.22%
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%
Class of relevant security:    

 

  Interests   Short positions
  Number   %   Number   %
(1) Relevant securities owned and/or controlled:                
(2) Derivatives (other than

options):

               
(3) Options and agreements to purchase/sell:                

TOTAL:

               

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  
ORD Purchase 8 3.4408 GBP
ORD Purchase 1,000 42.2000 HKD
ORD Purchase 4,370 3.4720 GBP
ORD Purchase 7,131 3.4802 GBP
ORD Purchase 22,900 42.3080 HKD
ORD Purchase 28,908 3.4594 GBP
ORD Purchase 37,236 3.4605 GBP
ORD Purchase 38,166 3.4555 GBP
ORD Purchase 60,768 3.4694 GBP
ORD Purchase 102,735 3.4508 GBP
ORD Purchase 167,885 3.4535 GBP
ORD Purchase 356,607 3.4606 GBP
ORD Purchase 499,948 3.4539 GBP
ORD Sale 8 3.4410 GBP
ORD Sale 100 42.1000 HKD
ORD Sale 100 42.3000 HKD
ORD Sale 100 42.3500 HKD
ORD Sale 600 42.1500 HKD
ORD Sale 600 42.4500 HKD
ORD Sale 685 3.4657 GBP
ORD Sale 1,068 3.4373 GBP
ORD Sale 1,090 3.4693 GBP
ORD Sale 2,300 42.2000 HKD
ORD Sale 3,000 42.4000 HKD
ORD Sale 5,600 42.0500 HKD
ORD Sale 6,400 42.0000 HKD
ORD Sale 6,435 3.4424 GBP
ORD Sale 6,600 42.5000 HKD
ORD Sale 7,783 3.4432 GBP
ORD Sale 8,600 42.6000 HKD
ORD Sale 9,014 3.4449 GBP
ORD Sale 11,544 3.4394 GBP
ORD Sale 16,549 3.4427 GBP
ORD Sale 25,162 3.4580 GBP
ORD Sale 30,700 3.4592 GBP
ORD Sale 50,000 3.3887 GBP
ORD Sale 72,599 3.4462 GBP
ORD Sale 111,060 3.4559 GBP
ORD Sale 200,000 3.3975 GBP
ORD Sale 250,000 3.4314 GBP
ORD Sale 349,972 3.4522 GBP
ORD Sale 388,817 3.4555 GBP
ORD Sale 488,235 3.4834 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 3,596 3.4492 GBP
ORD CFD Long 10,100 42.3036 HKD
ORD CFD Long 11,544 3.4394 GBP
ORD SWAP Long 19,559 3.4583 GBP
ORD SWAP Long 141,760 3.4566 GBP
ORD CFD Long 165,308 3.4567 GBP
ORD CFD Long 223,217 3.4545 GBP
ORD CFD Long 250,000 3.4314 GBP
ORD CFD Short 500 3.4441 GBP
ORD CFD Short 3,596 3.4454 GBP
ORD CFD Short 10,100 3.4842 GBP
ORD SWAP Short 19,797 3.4506 GBP
ORD CFD Short 89,027 3.4300 GBP
ORD SWAP Short 140,901 3.4521 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:  

31 May 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 Put Options Purchased 250,000 4.4000 American 1 Jun 2012
ORD Put Options Written -1,000,000 4.8000 American 1 Jun 2012
ORD Call Options Written -75,900 4.3890 European 6 Jul 2012
ORD Call Options Written -250,000 4.6000 American 1 Jun 2012
ORD Call Options Written -1,000,000 4.8000 American 1 Jun 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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