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

GLENCORE INTL PLC

  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt Advisor to Offeree
  principal trader is connected  
(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
  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:       ORD            
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 2,369,678 0.03% 18,560,725 0.27%
           
(2) Derivatives (other than
options): 15,726,224 0.23% 1,222,496 0.02%
           
(3) Options and agreements to
purchase/sell: 1,760,000 0.03% 2,075,900 0.03%
           
(4) TOTAL:
19,855,902 0.29% 21,859,121 0.32%
 
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 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   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
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   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:  

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

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 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 +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