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	7 December 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:		5,971,877		0.08%		36,153,342		0.51%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		35,739,532		0.50%		3,377,976		0.05%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,000,000		0.01%		250,000		0.00%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				42,711,409		0.60%		39,781,318		0.56%

Class of relevant security:	Â	Â	Â	Convertible Bond XS0475310396	Â	Â	Â	Â	Â	Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,800,000		0.08%		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:
				1,800,000		0.08%		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		42.6500 HKD
ORD		Purchase		500		42.6000 HKD
ORD		Purchase		881		3.4514 GBP
ORD		Purchase		1,000		42.8500 HKD
ORD		Purchase		1,400		42.7500 HKD
ORD		Purchase		1,595		3.4522 GBP
ORD		Purchase		1,700		42.8000 HKD
ORD		Purchase		2,700		42.5000 HKD
ORD		Purchase		3,324		3.4398 GBP
ORD		Purchase		17,846		3.4635 GBP
ORD		Purchase		22,193		3.4655 GBP
ORD		Purchase		22,600		42.7000 HKD
ORD		Purchase		26,906		3.4364 GBP
ORD		Purchase		27,334		3.4539 GBP
ORD		Purchase		43,892		3.4418 GBP
ORD		Purchase		50,502		3.4493 GBP
ORD		Purchase		63,913		3.4459 GBP
ORD		Purchase		64,830		3.4507 GBP
ORD		Purchase		74,659		3.4417 GBP
ORD		Purchase		162,150		3.4511 GBP
ORD		Purchase		285,102		3.4462 GBP
ORD		Purchase		432,469		3.4465 GBP
ORD		Purchase		951,230		3.4451 GBP
ORD		Sale		100		42.6500 HKD
ORD		Sale		800		3.4453 GBP
ORD		Sale		1,450		3.4545 GBP
ORD		Sale		1,466		3.4588 GBP
ORD		Sale		2,277		3.4473 GBP
ORD		Sale		6,000		3.4661 GBP
ORD		Sale		14,867		3.4505 GBP
ORD		Sale		16,380		3.4641 GBP
ORD		Sale		29,600		42.6945 HKD
ORD		Sale		29,810		3.4539 GBP
ORD		Sale		46,036		3.4412 GBP
ORD		Sale		47,964		3.4371 GBP
ORD		Sale		94,000		3.4673 GBP
ORD		Sale		139,343		3.4425 GBP
ORD		Sale		148,467		3.4372 GBP
ORD		Sale		204,991		3.4406 GBP
ORD		Sale		209,865		3.4379 GBP
ORD		Sale		215,169		3.4375 GBP
ORD		Sale		305,000		3.4767 GBP
ORD (traded as ADR)		Purchase		400		11.1200 USD
ORD (traded as ADR)		Sale		400		11.1200 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		100		42.5915 HKD
ORD		CFD		Long		500		3.4646 GBP
ORD		SWAP		Long		1,450		3.4545 GBP
ORD		CFD		Long		14,867		3.4501 GBP
ORD		CFD		Long		209,365		3.4376 GBP
ORD		CFD		Short		400		3.4508 GBP
ORD		CFD		Short		500		42.6525 HKD
ORD		CFD		Short		8,824		3.4575 GBP
ORD		CFD		Short		10,433		3.4358 GBP
ORD		SWAP		Short		29,121		3.4405 GBP
ORD		CFD		Short		45,401		3.4190 GBP
ORD		SWAP		Short		118,551		3.4417 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:		10 Dec 2012
Contact name:		Geoff Smith
Telephone number:		0203 555 4632

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

1,000,000

3.2000

American

9 Dec 2012

ORD

Call Options

Written

-250,000

3.6000

American

9 Dec 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.