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	8 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

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		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		2,571,027		0.04%		12,145,849		0.18%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		8,851,787		0.13%		1,069,455		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:		11,672,814		0.17%		15,541,204		0.22%
											Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		4,700,000		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:
Â		Â		4,700,000		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)	Â	Purchases and sales	Â	Â	Â	Â
Class of relevant		Purchase/sale		Number of		Price per unit
security		Â		securities		Â
ORD		Purchase		51		3.5505 GBP
ORD		Purchase		351		3.5811 GBP
ORD		Purchase		2,257		3.5382 GBP
ORD		Purchase		3,479		3.4941 GBP
ORD		Purchase		3,551		3.5790 GBP
ORD		Purchase		4,200		3.4939 GBP
ORD		Purchase		10,295		3.5604 GBP
ORD		Purchase		18,000		42.7050 HKD
ORD		Purchase		23,200		3.5221 GBP
ORD		Purchase		24,374		3.5757 GBP
ORD		Purchase		59,934		3.5720 GBP
ORD		Purchase		103,430		3.5516 GBP
ORD		Purchase		151,261		3.5769 GBP
ORD		Purchase		387,784		3.5697 GBP
ORD		Purchase		961,046		3.5712 GBP
ORD		Purchase		2,300		42.6000 HKD
ORD		Purchase		3,500		41.9000 HKD
ORD		Purchase		4,100		42.3500 HKD
ORD		Purchase		5,000		42.2000 HKD
ORD		Purchase		5,000		42.2500 HKD
ORD		Purchase		5,000		42.3000 HKD
ORD		Purchase		8,100		42.1500 HKD
ORD		Purchase		27,100		42.4000 HKD
ORD (traded as ADR)		Purchase		74		10.9800 USD
ORD (traded as ADR)		Sale		74		10.9800 USD
ORD		Sale		300		43.0000 HKD
ORD		Sale		400		42.1500 HKD
ORD		Sale		17,700		42.7000 HKD
ORD		Sale		401		3.5530 GBP
ORD		Sale		779		3.5660 GBP
ORD		Sale		2,257		3.5383 GBP
ORD		Sale		3,600		3.4988 GBP
ORD		Sale		3,858		3.5560 GBP
ORD		Sale		3,952		3.5193 GBP
ORD		Sale		5,000		3.5694 GBP
ORD		Sale		11,994		3.5528 GBP
ORD		Sale		23,498		3.5112 GBP
ORD		Sale		30,115		3.5576 GBP
ORD		Sale		38,530		3.5710 GBP
ORD		Sale		41,200		42.2734 HKD
ORD		Sale		189,794		3.5631 GBP
ORD		Sale		212,985		3.5491 GBP
ORD		Sale		319,901		3.5658 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		400		42.0994 HKD
ORD		CFD		Long		1,547		3.5603 GBP
ORD		SWAP		Long		2,655		3.5049 GBP
ORD		CFD		Long		3,858		3.5556 GBP
ORD		CFD		Long		5,000		3.5694 GBP
ORD		SWAP		Long		7,552		3.5095 GBP
ORD		CFD		Long		14,700		3.5485 GBP
ORD		CFD		Long		82,171		3.5307 GBP
ORD		CFD		Long		121,372		3.5725 GBP
ORD		CFD		Short		300		3.5118 GBP
ORD		SWAP		Short		1,400		3.4932 GBP
ORD		CFD		Short		4,100		42.4035 HKD
ORD		CFD		Short		6,609		3.5857 GBP
ORD		SWAP		Short		7,679		3.4940 GBP
ORD		SWAP		Short		9,528		3.5604 GBP
ORD		CFD		Short		14,800		42.4272 HKD
ORD		CFD		Short		11,648		3.5458 GBP
ORD		CFD		Short		83,404		3.5511 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:	Â	11 June 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 [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

Put Options

Purchased

250,000

4.4000

American

10 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

10 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

10 Jun 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

10 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.