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 (“RIâ€) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Codeâ€)
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 |
 |
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 |
26 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? |
 |
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 | ||||||||||
 |  | Number | (%) | Number | (%) | ||||||
(1) | Relevant securities owned | ||||||||||
and/or controlled: | 12,014,051 | 0.17% | 33,132,225 | 0.48% | |||||||
 |  |  |  |  |  | ||||||
(2) | Derivatives (other than | ||||||||||
options): | 30,115,593 | 0.44% | 10,549,249 | 0.15% | |||||||
 |  |  |  |  |  | ||||||
(3) | Options and agreements to | ||||||||||
purchase/sell: | 1,727,600 | 0.02% | 250,000 | 0.00% | |||||||
 |  |  |  |  |  | ||||||
(4) | TOTAL: | ||||||||||
43,857,244 | 0.63% | 43,931,474 | 0.63% | ||||||||
 | |||||||||||
Class of relevant security: | Â | Convertible Bond XS0475310396 | Â | Â | Â | ||||||
Interests | Short Positions | ||||||||||
 |  | Number | (%) | Number | (%) | ||||||
(1) | Relevant securities owned | ||||||||||
and/or controlled: | 4,600,000 | 0.20% | 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: | ||||||||||
4,600,000 | 0.20% | 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 | 1,245 | 3.3775 GBP | ||||
ORD | Purchase | 1,334 | 3.4257 GBP | ||||
ORD | Purchase | 2,445 | 3.4354 GBP | ||||
ORD | Purchase | 2,599 | 3.3876 GBP | ||||
ORD | Purchase | 2,919 | 3.4106 GBP | ||||
ORD | Purchase | 2,990 | 3.4318 GBP | ||||
ORD | Purchase | 10,738 | 3.4279 GBP | ||||
ORD | Purchase | 10,920 | 3.3946 GBP | ||||
ORD | Purchase | 17,657 | 3.3845 GBP | ||||
ORD | Purchase | 24,354 | 3.3895 GBP | ||||
ORD | Purchase | 28,611 | 3.4172 GBP | ||||
ORD | Purchase | 30,076 | 3.4096 GBP | ||||
ORD | Purchase | 40,700 | 43.0723 HKD | ||||
ORD | Purchase | 58,248 | 3.4063 GBP | ||||
ORD | Purchase | 71,894 | 3.3927 GBP | ||||
ORD | Purchase | 91,822 | 3.4186 GBP | ||||
ORD | Purchase | 196,145 | 3.4129 GBP | ||||
ORD | Purchase | 422,483 | 3.3984 GBP | ||||
ORD | Sale | 100 | 43.5000 HKD | ||||
ORD | Sale | 400 | 3.3990 GBP | ||||
ORD | Sale | 600 | 43.4000 HKD | ||||
ORD | Sale | 700 | 43.3000 HKD | ||||
ORD | Sale | 1,100 | 43.0500 HKD | ||||
ORD | Sale | 1,484 | 3.3800 GBP | ||||
ORD | Sale | 2,096 | 3.4259 GBP | ||||
ORD | Sale | 3,498 | 3.4126 GBP | ||||
ORD | Sale | 4,610 | 3.4111 GBP | ||||
ORD | Sale | 5,000 | 43.3500 HKD | ||||
ORD | Sale | 5,300 | 43.1000 HKD | ||||
ORD | Sale | 5,600 | 43.2000 HKD | ||||
ORD | Sale | 7,100 | 43.0000 HKD | ||||
ORD | Sale | 7,422 | 3.3863 GBP | ||||
ORD | Sale | 7,514 | 3.3974 GBP | ||||
ORD | Sale | 11,531 | 3.3918 GBP | ||||
ORD | Sale | 18,400 | 42.9500 HKD | ||||
ORD | Sale | 18,990 | 3.4184 GBP | ||||
ORD | Sale | 37,463 | 3.4018 GBP | ||||
ORD | Sale | 40,225 | 3.3944 GBP | ||||
ORD | Sale | 47,177 | 3.3993 GBP | ||||
ORD | Sale | 91,561 | 3.3909 GBP | ||||
ORD | Sale | 100,618 | 3.4112 GBP | ||||
ORD | Sale | 103,499 | 3.4028 GBP | ||||
ORD | Sale | 166,040 | 3.4033 GBP | ||||
ORD | Sale | 417,302 | 3.3941 GBP | ||||
ORD | Sale | 1,352,220 | 3.3908 GBP | ||||
ORD (traded as ADR) | Purchase | 160 | 11.0300 USD | ||||
ORD (traded as ADR) | Purchase | 2,800 | 10.9914 USD | ||||
ORD (traded as ADR) | Sale | 160 | 11.0300 USD | ||||
ORD (traded as ADR) | Sale | 2,800 | 10.9914 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 | 3,200 | 42.9736 HKD | |||||
ORD | CFD | Long | 19,448 | 3.4249 GBP | |||||
ORD | CFD | Long | 69,558 | 3.4108 GBP | |||||
ORD | CFD | Short | 2,568 | 3.4051 GBP | |||||
ORD | CFD | Short | 4,000 | 3.4045 GBP | |||||
ORD | CFD | Short | 48,827 | 3.4327 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. |
 | Expiry date |  | Option money paid/ received per unit |
(ii) Exercising
Class of relevant security | Â |
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 | Â |
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? | Â |
YES Â |
Date of disclosure: | Â |
27 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 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.
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 “Codeâ€)
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 | |||||||||||||
 |  |  | relates |  |  |  | |||||||
ORD | Call Options | Purchased | 363,800 | 3.8500 | European | 13 Nov 2012 | |||||||
ORD | Call Options | Purchased | 363,800 | 4.1000 | European | 16 Oct 2012 | |||||||
ORD | Put Options | Purchased | 1,000,000 | 3.2000 | American | 28 Sep 2012 | |||||||
ORD | Call Options | Written | -250,000 | 3.6000 | American | 28 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 (“CFDsâ€) 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.