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:  

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?  

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: 6,675,446 0.09% 36,062,867 0.51%
           
(2) Derivatives (other than
options): 35,462,813 0.50% 3,338,068 0.05%
           
(3) Options and agreements to
purchase/sell: 1,000,000 0.01% 250,000 0.00%
           
(4) TOTAL:
43,138,259 0.61% 39,650,935 0.56%
 
Class of relevant security:   Convertible Bond XS0475310396      
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 3,800,000 0.17% 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:
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:  
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 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   Product   Nature of dealing   Number of   Price per
relevant description   reference unit
security     securities  
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   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(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:  

14 Dec 2012

Contact name:

  Geoff Smith
Telephone number:   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 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.

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:  

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   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 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 +44 (0)20 7638 0129.

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

Companies

Glencore (GLEN)
UK 100

Latest directors dealings