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	1 June 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:		1,587,700		0.02%		12,002,447		0.17%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		8,958,496		0.13%		1,081,455		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:
				10,796,196		0.16%		15,409,802		0.22%

Class of relevant security:	Â	Â	Â	Convertible Bond	Â	Â	Â	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		200		3.4365 GBP
ORD		Purchase		300		40.9500 HKD
ORD		Purchase		320		3.3885 GBP
ORD		Purchase		1,000		40.9000 HKD
ORD		Purchase		1,148		3.3485 GBP
ORD		Purchase		1,247		3.3370 GBP
ORD		Purchase		1,300		41.0000 HKD
ORD		Purchase		2,693		3.3851 GBP
ORD		Purchase		7,703		3.3786 GBP
ORD		Purchase		10,750		3.3497 GBP
ORD		Purchase		13,158		3.4005 GBP
ORD		Purchase		25,000		3.3372 GBP
ORD		Purchase		33,200		40.9207 HKD
ORD		Purchase		38,973		3.3626 GBP
ORD		Purchase		53,443		3.3450 GBP
ORD		Purchase		68,387		3.3516 GBP
ORD		Purchase		80,773		3.3531 GBP
ORD		Purchase		86,699		3.3540 GBP
ORD		Purchase		200,000		3.3506 GBP
ORD		Purchase		227,906		3.3515 GBP
ORD		Purchase		250,000		3.3489 GBP
ORD		Purchase		296,224		3.3800 GBP
ORD		Purchase		310,987		3.3580 GBP
ORD		Sale		100		40.7000 HKD
ORD		Sale		200		41.1500 HKD
ORD		Sale		500		40.8500 HKD
ORD		Sale		700		41.4000 HKD
ORD		Sale		1,148		3.3485 GBP
ORD		Sale		2,500		40.9560 HKD
ORD		Sale		2,940		3.3905 GBP
ORD		Sale		2,948		3.3359 GBP
ORD		Sale		3,100		41.0500 HKD
ORD		Sale		3,543		3.4042 GBP
ORD		Sale		3,787		3.3493 GBP
ORD		Sale		6,078		3.3500 GBP
ORD		Sale		6,242		3.3358 GBP
ORD		Sale		9,500		40.9000 HKD
ORD		Sale		10,500		40.8000 HKD
ORD		Sale		10,900		41.0000 HKD
ORD		Sale		11,234		3.3481 GBP
ORD		Sale		17,400		3.3525 GBP
ORD		Sale		20,000		3.3486 GBP
ORD		Sale		56,308		3.3694 GBP
ORD		Sale		57,100		3.3885 GBP
ORD		Sale		80,773		3.3532 GBP
ORD		Sale		105,724		3.3841 GBP
ORD		Sale		155,616		3.3581 GBP
ORD		Sale		164,000		3.4477 GBP
ORD		Sale		303,464		3.3513 GBP
ORD		Sale		451,529		3.3526 GBP
ORD (traded as ADR)		Purchase		210		10.2800 USD
ORD (traded as ADR)		Sale		210		10.2800 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		2,087		3.3290 GBP
ORD		CFD		Long		2,300		40.9206 HKD
ORD		CFD		Long		55,733		3.3541 GBP
ORD		CFD		Short		100		40.9992 HKD
ORD		CFD		Short		1,247		3.3372 GBP
ORD		CFD		Short		2,693		3.3851 GBP
ORD		CFD		Short		8,995		3.3503 GBP
ORD		SWAP		Short		12,409		3.3457 GBP
ORD		CFD		Short		24,427		3.3536 GBP
ORD		CFD		Short		81,201		3.3561 GBP
ORD		CFD		Short		144,648		3.3421 GBP
ORD		CFD		Short		250,000		3.3489 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:		6 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

3 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

3 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

3 Jun 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

3 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.