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 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 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:		4,488,580		0.06%		19,308,943		0.28%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		2,636,217		0.04%		1,151,471		0.02%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		2,010,000		0.03%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				9,134,797		0.13%		22,786,314		0.33%
											Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
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:
				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) Purchases and sales

Class of relevant	Â	Purchase/sale	Â	Number of	Â	Price per unit
security		Â		securities		Â
ORD		Purchase		253		3.6125 GBP
ORD		Purchase		1,041		3.6893 GBP
ORD		Purchase		1,289		3.6669 GBP
ORD		Purchase		2,360		3.5732 GBP
ORD		Purchase		3,005		3.5511 GBP
ORD		Purchase		3,700		3.5582 GBP
ORD		Purchase		7,032		3.6913 GBP
ORD		Purchase		10,394		3.5577 GBP
ORD		Purchase		12,650		3.6567 GBP
ORD		Purchase		73,079		3.5819 GBP
ORD		Purchase		106,253		3.6644 GBP
ORD		Purchase		138,119		3.5989 GBP
ORD		Purchase		166,095		3.5663 GBP
ORD		Purchase		337,240		3.5873 GBP
ORD		Purchase		361,725		3.5275 GBP
ORD		Purchase		880,689		3.5958 GBP
ORD		Purchase		4,400		44.2000 HKD
ORD		Purchase		5,300		44.3500 HKD
ORD		Purchase		10,100		44.4000 HKD
ORD		Purchase		10,900		44.5000 HKD
ORD		Purchase		11,800		44.2500 HKD
ORD		Purchase		13,300		44.3000 HKD
ORD		Purchase		16,900		44.6000 HKD
ORD		Purchase		33,600		44.4500 HKD
ORD		Purchase		35,800		44.5500 HKD
ORD		Sale		9,200		44.1000 HKD
ORD		Sale		8,650		3.5898 GBP
ORD		Sale		30,888		3.5960 GBP
ORD		Sale		100		3.6830 GBP
ORD		Sale		151		3.5818 GBP
ORD		Sale		308		3.6079 GBP
ORD		Sale		1,041		3.6894 GBP
ORD		Sale		1,077		3.6865 GBP
ORD		Sale		2,407		3.6700 GBP
ORD		Sale		5,272		3.6782 GBP
ORD		Sale		5,945		3.6848 GBP
ORD		Sale		6,199		3.5815 GBP
ORD		Sale		9,351		3.6560 GBP
ORD		Sale		11,678		3.6574 GBP
ORD		Sale		34,989		3.5741 GBP
ORD		Sale		41,607		3.6500 GBP
ORD		Sale		42,964		3.5900 GBP
ORD		Sale		53,443		3.5830 GBP
ORD		Sale		63,700		44.4436 HKD
ORD		Sale		111,725		3.5939 GBP
ORD		Sale		250,000		3.5989 GBP
ORD		Sale		352,615		3.6307 GBP
ORD		Sale		362,000		3.5459 GBP
ORD		Sale		656,650		3.5835 GBP
ORD		Sale		1,960,000		3.5478 GBP
ORD		Sale		4,638,000		3.6167 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		308		3.6078 GBP
ORD		CFD		Long		9,200		44.0442 HKD
ORD		SWAP		Long		362,000		3.5459 GBP
ORD		SWAP		Long		1,960,000		3.5478 GBP
ORD		SWAP		Long		4,638,000		3.6167 GBP
ORD		CFD		Long		10,852		3.5500 GBP
ORD		CFD		Long		48,847		3.5743 GBP
ORD		CFD		Long		78,400		3.6909 GBP
ORD		CFD		Long		111,725		3.5939 GBP
ORD		CFD		Long		124,440		3.6413 GBP
ORD		CFD		Long		250,000		3.5989 GBP
ORD		SWAP		Short		7,500		3.5553 GBP
ORD		CFD		Short		10,852		3.5665 GBP
ORD		SWAP		Short		14,094		3.5579 GBP
ORD		CFD		Short		16,495		3.5161 GBP
ORD		CFD		Short		18,386		3.6754 GBP
ORD		CFD		Short		78,400		44.5106 HKD
ORD		CFD		Short		361,725		3.5275 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 Â

Date of disclosure:	Â	14 Jun 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

Call Options

Purchased

760,000

4.0000

European

25 Jul 2012

ORD

Put Options

Purchased

1,000,000

3.2000

American

15 Jun 2012

ORD

Put Options

Purchased

250,000

4.4000

American

15 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

15 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

15 Jun 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

15 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.