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 Â
(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	27 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?	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:		12,340,036		0.18%		28,399,926		0.41%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		25,248,613		0.36%		10,420,231		0.15%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,727,600		0.02%		250,000		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				39,316,249		0.57%		39,070,157		0.56%
											Â
Class of relevant security:		Â		Convertible Bond XS0475310396		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		4,600,000		0.20%		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:
				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		100		43.0500 HKD
ORD		Purchase		300		42.6000 HKD
ORD		Purchase		1,014		3.4455 GBP
ORD		Purchase		2,200		3.4171 GBP
ORD		Purchase		2,489		3.4398 GBP
ORD		Purchase		3,081		3.4160 GBP
ORD		Purchase		3,200		43.2875 HKD
ORD		Purchase		4,476		3.4469 GBP
ORD		Purchase		4,543		3.4493 GBP
ORD		Purchase		5,111		3.4424 GBP
ORD		Purchase		9,000		3.4124 GBP
ORD		Purchase		24,170		3.4361 GBP
ORD		Purchase		64,883		3.4400 GBP
ORD		Purchase		69,991		3.4316 GBP
ORD		Purchase		105,654		3.4319 GBP
ORD		Purchase		135,007		3.4355 GBP
ORD		Purchase		139,333		3.4510 GBP
ORD		Purchase		160,767		3.4511 GBP
ORD		Purchase		278,665		3.4490 GBP
ORD		Purchase		445,112		3.4253 GBP
ORD		Purchase		689,333		3.4475 GBP
ORD		Purchase		923,301		3.4282 GBP
ORD		Purchase		3,473,823		3.4303 GBP
ORD		Sale		100		42.8000 HKD
ORD		Sale		100		43.5000 HKD
ORD		Sale		200		42.5000 HKD
ORD		Sale		774		3.4470 GBP
ORD		Sale		900		43.4000 HKD
ORD		Sale		1,000		43.4500 HKD
ORD		Sale		1,014		3.4457 GBP
ORD		Sale		1,092		3.4452 GBP
ORD		Sale		1,300		43.0500 HKD
ORD		Sale		1,346		3.4210 GBP
ORD		Sale		2,200		3.4367 GBP
ORD		Sale		2,884		3.4315 GBP
ORD		Sale		9,200		3.4353 GBP
ORD		Sale		10,304		3.4421 GBP
ORD		Sale		14,307		3.4290 GBP
ORD		Sale		41,669		3.4330 GBP
ORD		Sale		111,651		3.4302 GBP
ORD		Sale		167,601		3.4412 GBP
ORD		Sale		305,000		3.4368 GBP
ORD		Sale		364,568		3.4349 GBP
ORD		Sale		461,211		3.4218 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		SWAP		Long		5,800		3.4234 GBP
ORD		SWAP		Long		11,400		3.4356 GBP
ORD		CFD		Long		17,789		3.4463 GBP
ORD		CFD		Long		31,974		3.4353 GBP
ORD		CFD		Long		126,318		3.4424 GBP
ORD		SWAP		Long		305,000		3.4368 GBP
ORD		SWAP		Long		461,211		3.4218 GBP
ORD		SWAP		Long		2,200,000		3.4285 GBP
ORD		SWAP		Short		11,200		3.4133 GBP
ORD		CFD		Short		26,912		3.4419 GBP
ORD		CFD		Short		64,883		3.4400 GBP
ORD		CFD		Short		135,007		3.4355 GBP
ORD		CFD		Short		550,000		3.4475 GBP
ORD		SWAP		Short		2,203,300		3.4285 GBP
ORD		SWAP		Short		2,203,300		3.4285 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	YES
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].

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 “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

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

29 Sep 2012

ORD

Call Options

Written

-250,000

3.6000

American

29 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 (“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.