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:  

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

 

GLENCORE INTL PLC

(c) Name of the party to the offer with which exempt principal trader is connected:  

Advisor to Offeree

(d) Date position held/dealing undertaken:  

12 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?  

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:       ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 3,762,114 0.05% 12,161,732 0.18%
           
(2) Derivatives (other than
options): 9,085,849 0.13% 1,105,540 0.02%
           
(3) Options and agreements to
purchase/sell: 1,250,000 0.02% 2,325,900 0.03%
           
(4) TOTAL:
14,097,963 0.20% 15,593,172 0.23%
 
Class of relevant security:   Convertible Bond      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 4,700,000 0.20% 0 0.00%
           
(2) Derivatives (other than
options): 0 0.00% 0 0.00%
           
(3) Options and agreements to
purchase/sell: 0 0.00% 0 0.00%
           
(4) TOTAL:
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:  
Details, including nature of the rights concerned and relevant percentages:  

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   Purchase/sale   Number of   Price per unit
security   securities  
ORD Purchase 600 3.6605 GBP
ORD Purchase 1,300 3.6295 GBP
ORD Purchase 4,030 3.6314 GBP
ORD Purchase 4,101 3.6564 GBP
ORD Purchase 19,297 3.6591 GBP
ORD Purchase 25,019 3.6685 GBP
ORD Purchase 37,376 3.6459 GBP
ORD Purchase 56,869 3.6645 GBP
ORD Purchase 100,000 3.6352 GBP
ORD Purchase 106,886 3.6270 GBP
ORD Purchase 180,466 3.6628 GBP
ORD Purchase 249,417 3.6346 GBP
ORD Purchase 290,000 3.6600 GBP
ORD Purchase 505,606 3.6619 GBP
ORD Purchase 968,363 3.6602 GBP
ORD Purchase 300 43.4000 HKD
ORD Purchase 700 43.5500 HKD
ORD Purchase 1,600 43.5000 HKD
ORD Sale 100 43.2500 HKD
ORD Sale 500 43.5500 HKD
ORD Sale 1,300 43.2000 HKD
ORD Sale 309 3.6545 GBP
ORD Sale 953 3.6670 GBP
ORD Sale 2,185 3.6611 GBP
ORD Sale 2,970 3.5994 GBP
ORD Sale 6,289 3.6220 GBP
ORD Sale 10,027 3.6521 GBP
ORD Sale 17,900 3.6179 GBP
ORD Sale 29,090 3.6583 GBP
ORD Sale 34,938 3.6599 GBP
ORD Sale 48,833 3.6625 GBP
ORD Sale 64,700 3.6154 GBP
ORD Sale 203,536 3.6149 GBP
ORD Sale 357,500 3.6691 GBP
ORD Sale 376,263 3.6631 GBP
ORD Sale 415,868 3.6595 GBP

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD CFD Long 1,900 43.2427 HKD
ORD CFD Long 2,600 3.6260 GBP
ORD SWAP Long 3,700 3.6613 GBP
ORD SWAP Long 18,000 3.6106 GBP
ORD CFD Long 19,504 3.6605 GBP
ORD SWAP Long 34,938 3.6599 GBP
ORD CFD Long 82,238 3.6271 GBP
ORD SWAP Long 82,600 3.6159 GBP
ORD SWAP Short 600 3.6605 GBP
ORD CFD Short 1,300 3.6296 GBP
ORD CFD Short 1,900 3.5944 GBP
ORD CFD Short 2,450 3.6682 GBP
ORD CFD Short 2,600 43.5541 HKD
ORD CFD Short 32,564 3.6582 GBP
ORD CFD Short 33,329 3.6061 GBP
ORD CFD Short 128,941 3.6540 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class   Product   Writing,   Number   Exercise   Type   Expiry   Option
of description purchasing, of price date money
relevant selling, securities per unit paid/
security varying etc to which received
option per unit
      relates        
ORD   Purchasing 1,000,000 320 GBP American 21 Dec 2012 23.0000 GBP

(ii) Exercising

Class of relevant security   Product description

e.g. call option

  Number of securities   Exercise price per unit

(d) Other dealings (including subscribing for new securities)

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   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?  

YES

Date of disclosure:  

13 June 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 monitoring@disclosure.org.uk. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.

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:  

Barclays Capital Securities Ltd

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

GLENCORE INTL PLC

2. OPTIONS AND DERIVATIVES

2.   OPTIONS AND DERIVATIVES                    
Class Product Writing, Number Exercise Type Expiry
of description purchasing, of price date
relevant selling, securities per unit
security varying etc to which
option
      relates      
ORD Put Options Purchased 1,000,000 3.2000 American 14 Jun 2012
ORD Put Options Purchased 250,000 4.4000 American 14 Jun 2012
ORD Put Options Written -1,000,000 4.8000 American 14 Jun 2012
ORD Call Options Written -75,900 4.3890 European 6 Jul 2012
ORD Call Options Written -250,000 4.6000 American 14 Jun 2012
ORD Call Options Written -1,000,000 4.8000 American 14 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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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