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)	Â	Name of exempt principal trader:	Â	BARCLAYS CAPITAL SECURITIES LTD
(b)		Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
Â		relevant securities this form relates:		Â
(c)		Name of the party to the offer with which exempt		Advisor to Offeree
Â		principal trader is connected		Â
(d)		Date position held/dealing undertaken:		15 June 2012
(e)		Has the EPT previously disclosed, or is it		YES:
		today disclosing, under the Code in respect
Â		of any other party to this offer?		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:	Â	Â	Â	ORD	Â	Â	Â	Â	Â	Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		2,369,678		0.03%		18,560,725		0.27%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		15,726,224		0.23%		1,222,496		0.02%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,760,000		0.03%		2,075,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				19,855,902		0.29%		21,859,121		0.32%
											Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests		Â		Short Positions		Â
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		1,000		3.4605 GBP
ORD		Purchase		1,297		3.4880 GBP
ORD		Purchase		3,355		3.4798 GBP
ORD		Purchase		3,574		3.4645 GBP
ORD		Purchase		12,205		3.4620 GBP
ORD		Purchase		13,800		41.5967 HKD
ORD		Purchase		16,183		3.4527 GBP
ORD		Purchase		18,409		3.5008 GBP
ORD		Purchase		55,001		3.4579 GBP
ORD		Purchase		98,706		3.4829 GBP
ORD		Purchase		111,154		3.4836 GBP
ORD		Purchase		234,692		3.5001 GBP
ORD		Purchase		681,498		3.4161 GBP
ORD		Purchase		763,364		3.4824 GBP
ORD		Purchase		1,089,390		3.4753 GBP
ORD		Purchase		1,089,854		3.4774 GBP
ORD		Purchase		1,522		3.4835 GBP
ORD		Purchase		13,036		3.4045 GBP
ORD		Purchase		800		41.5000 HKD
ORD		Purchase		5,000		41.6000 HKD
ORD		Sale		600		41.5500 HKD
ORD		Sale		1,300		41.4000 HKD
ORD		Sale		1,700		41.4500 HKD
ORD		Sale		5,200		41.6000 HKD
ORD		Sale		5,800		41.7000 HKD
ORD		Sale		31,824		3.4720 GBP
ORD		Sale		196		3.4245 GBP
ORD		Sale		342		3.4499 GBP
ORD		Sale		1,714		3.4618 GBP
ORD		Sale		1,853		3.4904 GBP
ORD		Sale		2,460		3.5177 GBP
ORD		Sale		2,794		3.4537 GBP
ORD		Sale		3,048		3.4513 GBP
ORD		Sale		3,766		3.4803 GBP
ORD		Sale		5,000		41.6000 HKD
ORD		Sale		9,933		3.4917 GBP
ORD		Sale		9,980		3.4856 GBP
ORD		Sale		10,620		3.5039 GBP
ORD		Sale		11,768		3.4962 GBP
ORD		Sale		20,000		3.4805 GBP
ORD		Sale		34,161		3.4804 GBP
ORD		Sale		35,536		3.4807 GBP
ORD		Sale		35,695		3.4574 GBP
ORD		Sale		46,900		3.6580 GBP
ORD		Sale		49,000		3.5199 GBP
ORD		Sale		76,492		3.4738 GBP
ORD		Sale		140,000		3.4443 GBP
ORD		Sale		153,780		3.4394 GBP
ORD		Sale		213,546		3.4746 GBP
ORD		Sale		250,000		4.4000 GBP
ORD		Sale		299,989		3.4339 GBP
ORD		Sale		416,674		3.4171 GBP
ORD		Sale		632,844		3.4466 GBP
ORD		Sale		4,267,284		3.4053 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		397		3.4792 GBP
ORD		CFD		Long		800		3.4547 GBP
ORD		CFD		Long		800		41.6499 HKD
ORD		CFD		Long		1,624		3.4203 GBP
ORD		SWAP		Long		11,700		3.4534 GBP
ORD		CFD		Long		14,657		3.4491 GBP
ORD		CFD		Long		19,715		3.4929 GBP
ORD		CFD		Long		20,486		3.4782 GBP
ORD		SWAP		Long		36,971		3.4756 GBP
ORD		CFD		Long		46,900		3.6580 GBP
ORD		CFD		Long		49,000		3.5199 GBP
ORD		CFD		Long		140,000		3.4443 GBP
ORD		CFD		Long		450,000		3.4175 GBP
ORD		CFD		Short		759		3.4612 GBP
ORD		CFD		Short		800		41.5498 HKD
ORD		CFD		Short		5,596		3.4411 GBP
ORD		SWAP		Short		18,409		3.5007 GBP
ORD		CFD		Short		19,653		3.4907 GBP
ORD		SWAP		Short		42,200		3.4537 GBP
ORD		CFD		Short		63,418		3.4911 GBP
ORD		CFD		Short		180,000		3.4961 GBP
ORD		CFD		Short		929,831		3.4770 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	18 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.

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 the person whose positions/dealings	Â	BARCLAYS CAPITAL SECURITIES LTD
are being disclosed:		Â
Name of offeror/offeree in relation to whose		GLENCORE INTL PLC
relevant securities this from relates:		Â

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

17 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

17 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

17 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.