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
(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	31 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?	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:		2,552,230		0.04%		12,177,291		0.18%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		10,191,073		0.15%		1,003,191		0.01%
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:
				12,993,303		0.19%		15,506,382		0.22%

	Â		Â		Â		Â		Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
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		134		3.3770 GBP
ORD		Purchase		211		3.4067 GBP
ORD		Purchase		1,200		3.4258 GBP
ORD		Purchase		1,235		3.4567 GBP
ORD		Purchase		1,365		3.4719 GBP
ORD		Purchase		1,373		3.3749 GBP
ORD		Purchase		2,070		3.3613 GBP
ORD		Purchase		2,260		3.3694 GBP
ORD		Purchase		3,904		3.4522 GBP
ORD		Purchase		10,507		3.4290 GBP
ORD		Purchase		24,905		3.4024 GBP
ORD		Purchase		27,094		3.3728 GBP
ORD		Purchase		27,200		41.6073 HKD
ORD		Purchase		27,793		3.4050 GBP
ORD		Purchase		31,419		3.3832 GBP
ORD		Purchase		45,170		3.4810 GBP
ORD		Purchase		80,164		3.4257 GBP
ORD		Purchase		106,886		3.3560 GBP
ORD		Purchase		135,677		3.4109 GBP
ORD		Purchase		178,231		3.3946 GBP
ORD		Purchase		180,263		3.4158 GBP
ORD		Sale		100		41.9000 HKD
ORD		Sale		140		3.4255 GBP
ORD		Sale		200		42.1000 HKD
ORD		Sale		348		3.4421 GBP
ORD		Sale		600		3.4425 GBP
ORD		Sale		600		41.8000 HKD
ORD		Sale		1,000		3.3660 GBP
ORD		Sale		1,000		41.4000 HKD
ORD		Sale		1,431		3.4565 GBP
ORD		Sale		1,600		41.5500 HKD
ORD		Sale		1,743		3.4842 GBP
ORD		Sale		1,880		3.4633 GBP
ORD		Sale		3,500		41.5000 HKD
ORD		Sale		5,800		41.7000 HKD
ORD		Sale		14,400		41.6000 HKD
ORD		Sale		18,834		3.4845 GBP
ORD		Sale		18,873		3.4561 GBP
ORD		Sale		20,128		3.4190 GBP
ORD		Sale		20,203		3.4941 GBP
ORD		Sale		23,522		3.4728 GBP
ORD		Sale		25,590		3.3753 GBP
ORD		Sale		71,716		3.3610 GBP
ORD		Sale		75,345		3.4264 GBP
ORD		Sale		89,051		3.4239 GBP
ORD		Sale		95,099		3.4050 GBP
ORD		Sale		217,743		3.4206 GBP
ORD		Sale		258,323		3.4088 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		8,508		3.4437 GBP
ORD		CFD		Long		53,322		3.4830 GBP
ORD		CFD		Long		63,684		3.4046 GBP
ORD		CFD		Long		152,458		3.4091 GBP
ORD		SWAP		Short		1,365		3.4719 GBP
ORD		CFD		Short		1,589		3.3796 GBP
ORD		SWAP		Short		3,904		3.4522 GBP
ORD		CFD		Short		4,785		3.4045 GBP
ORD		CFD		Short		7,100		3.3765 GBP
ORD		CFD		Short		12,747		3.3614 GBP
ORD		SWAP		Short		51,673		3.4966 GBP
ORD		CFD		Short		64,965		3.3716 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
Date of disclosure:		1 Jun 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 [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.

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

Put Options

Purchased

250,000

4.4000

American

2 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

2 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

2 Jun 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

2 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.

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.