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	13 December 2012 YES:
(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:		6,675,446		0.09%		36,062,867		0.51%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		35,462,813		0.50%		3,338,068		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:
				43,138,259		0.61%		39,650,935		0.56%
											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:		3,800,000		0.17%		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:
				3,800,000		0.17%		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		3.5082 GBP
ORD		Purchase		357		3.4675 GBP
ORD		Purchase		1,400		3.4740 GBP
ORD		Purchase		1,800		43.3500 HKD
ORD		Purchase		3,338		3.4972 GBP
ORD		Purchase		4,560		3.5015 GBP
ORD		Purchase		7,120		3.4980 GBP
ORD		Purchase		10,600		43.3000 HKD
ORD		Purchase		23,021		3.4871 GBP
ORD		Purchase		28,172		3.4991 GBP
ORD		Purchase		35,792		3.4897 GBP
ORD		Purchase		40,465		3.4911 GBP
ORD		Purchase		57,184		3.4971 GBP
ORD		Purchase		124,686		3.4956 GBP
ORD		Purchase		140,084		3.4967 GBP
ORD		Purchase		262,287		3.4913 GBP
ORD		Purchase		725,000		3.4878 GBP
ORD		Purchase		843,735		3.4960 GBP
ORD		Sale		557		3.4822 GBP
ORD		Sale		606		3.4745 GBP
ORD		Sale		1,475		3.4890 GBP
ORD		Sale		4,043		3.4811 GBP
ORD		Sale		4,292		3.4853 GBP
ORD		Sale		4,500		3.5066 GBP
ORD		Sale		6,497		3.4955 GBP
ORD		Sale		10,535		3.5085 GBP
ORD		Sale		12,400		43.3072 HKD
ORD		Sale		24,515		3.5015 GBP
ORD		Sale		33,926		3.4866 GBP
ORD		Sale		35,098		3.4914 GBP
ORD		Sale		40,611		3.4937 GBP
ORD		Sale		45,745		3.4928 GBP
ORD		Sale		50,157		3.5030 GBP
ORD		Sale		113,470		3.4925 GBP
ORD		Sale		131,150		3.4911 GBP
ORD		Sale		156,444		3.4906 GBP
ORD		Sale		169,233		3.4815 GBP
ORD		Sale		274,319		3.4839 GBP
ORD		Sale		274,500		3.4900 GBP
ORD		Sale		305,000		3.4759 GBP
ORD (traded as ADR)		Purchase		2,288		11.3800 USD
ORD (traded as ADR)		Sale		2,288		11.3800 USD

(b) Derivatives transactions (other than options)

Class of	Â	Product	Â	Nature of dealing	Â	Number of	Â	Price per
relevant		description		Â		reference		unit
security		Â		Â		securities		Â
ORD		SWAP		Long		3,200		3.5086 GBP
ORD		CFD		Long		3,739		3.5020 GBP
ORD		SWAP		Long		4,292		3.4853 GBP
ORD		SWAP		Long		5,400		3.5069 GBP
ORD		CFD		Long		7,329		3.4981 GBP
ORD		CFD		Long		21,655		3.4887 GBP
ORD		CFD		Long		60,533		3.4850 GBP
ORD		CFD		Long		131,150		3.4911 GBP
ORD		CFD		Long		274,500		3.4900 GBP
ORD		CFD		Long		305,000		3.4759 GBP
ORD		SWAP		Short		1,400		3.4740 GBP
ORD		CFD		Short		2,422		3.4884 GBP
ORD		SWAP		Short		7,700		3.4963 GBP
ORD		CFD		Short		14,518		3.4969 GBP
ORD		CFD		Short		107,117		3.4905 GBP
ORD		SWAP		Short		107,117		3.4905 GBP
ORD		CFD		Short		725,000		3.4878 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	14 Dec 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	020 3555 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.

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

1,000,000

3.2000

American

15 Dec 2012

ORD

Call Options

Written

-250,000

3.6000

American

15 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.