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	28 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:		13,643,098		0.20%		28,822,598		0.42%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		24,481,526		0.35%		10,599,977		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:
				39,852,224		0.58%		39,672,575		0.57%

	Â		Â		Â		Â		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		300		3.4535 GBP
ORD		Purchase		600		43.6750 HKD
ORD		Purchase		2,907		3.4375 GBP
ORD		Purchase		3,362		3.4452 GBP
ORD		Purchase		7,245		3.4328 GBP
ORD		Purchase		14,597		3.4252 GBP
ORD		Purchase		20,366		3.4321 GBP
ORD		Purchase		29,776		3.4157 GBP
ORD		Purchase		35,223		3.4339 GBP
ORD		Purchase		44,364		3.4217 GBP
ORD		Purchase		50,668		3.4320 GBP
ORD		Purchase		69,666		3.4056 GBP
ORD		Purchase		183,949		3.4307 GBP
ORD		Purchase		220,267		3.4310 GBP
ORD		Purchase		221,948		3.4250 GBP
ORD		Purchase		292,484		3.4271 GBP
ORD		Purchase		1,111,297		3.4315 GBP
ORD		Sale		12		3.4502 GBP
ORD		Sale		100		43.5500 HKD
ORD		Sale		105		3.4190 GBP
ORD		Sale		409		3.4253 GBP
ORD		Sale		500		43.7000 HKD
ORD		Sale		546		3.4541 GBP
ORD		Sale		750		3.4485 GBP
ORD		Sale		3,593		3.4285 GBP
ORD		Sale		5,037		3.4119 GBP
ORD		Sale		14,722		3.4174 GBP
ORD		Sale		19,852		3.4305 GBP
ORD		Sale		22,614		3.4226 GBP
ORD		Sale		24,414		3.4244 GBP
ORD		Sale		34,187		3.4310 GBP
ORD		Sale		41,964		3.4183 GBP
ORD		Sale		50,668		3.4320 GBP
ORD		Sale		104,716		3.4296 GBP
ORD		Sale		175,352		3.4293 GBP
ORD		Sale		195,200		3.4267 GBP
ORD		Sale		244,554		3.4319 GBP
ORD		Sale		473,194		3.4306 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		100		3.4268 GBP
ORD		CFD		Long		300		3.4481 GBP
ORD		CFD		Long		471		3.4485 GBP
ORD		CFD		Long		931		3.4500 GBP
ORD		CFD		Long		1,508		3.4475 GBP
ORD		CFD		Long		1,549		3.4480 GBP
ORD		CFD		Long		2,796		3.4495 GBP
ORD		CFD		Long		3,236		3.4490 GBP
ORD		CFD		Long		24,022		3.4143 GBP
ORD		CFD		Short		39,746		3.4430 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 Oct 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

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

30 Sep 2012

ORD

Call Options

Written

-250,000

3.6000

American

30 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.