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:		14 December 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:		5,065,642		0.07%		36,356,127		0.51%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		35,969,129		0.51%		2,626,293		0.04%
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:
				42,034,771		0.59%		39,232,420		0.55%
											Â
Class of relevant security:		Â		Convertible Bond XS0475310396		Â		Â		Â
				Interests		Â		Short Positions		Â
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		2,000,000		0.09%		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:
				2,000,000		0.09%		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
Convertible Bond		Sale		1,800,000		122.3750 USD
ORD		Purchase		37		3.5080 GBP
ORD		Purchase		363		3.5123 GBP
ORD		Purchase		1,873		3.5158 GBP
ORD		Purchase		2,127		3.5051 GBP
ORD		Purchase		2,700		43.7444 HKD
ORD		Purchase		2,712		3.5192 GBP
ORD		Purchase		4,230		3.5186 GBP
ORD		Purchase		14,075		3.5234 GBP
ORD		Purchase		18,072		3.5184 GBP
ORD		Purchase		18,900		3.5173 GBP
ORD		Purchase		19,119		3.5215 GBP
ORD		Purchase		30,178		3.5180 GBP
ORD		Purchase		30,570		3.5214 GBP
ORD		Purchase		114,707		3.5213 GBP
ORD		Purchase		123,101		3.5256 GBP
ORD		Purchase		152,500		3.5092 GBP
ORD		Purchase		166,635		3.4841 GBP
ORD		Purchase		221,012		3.5341 GBP
ORD		Purchase		279,597		3.5189 GBP
ORD		Purchase		290,551		3.5202 GBP
ORD		Sale		589		3.5111 GBP
ORD		Sale		600		43.5500 HKD
ORD		Sale		1,006		3.5204 GBP
ORD		Sale		1,706		3.5185 GBP
ORD		Sale		1,793		3.5151 GBP
ORD		Sale		2,100		43.8000 HKD
ORD		Sale		4,127		3.5158 GBP
ORD		Sale		4,630		3.5181 GBP
ORD		Sale		10,126		3.5251 GBP
ORD		Sale		17,483		3.5187 GBP
ORD		Sale		24,699		3.5248 GBP
ORD		Sale		30,230		3.5221 GBP
ORD		Sale		62,633		3.5156 GBP
ORD		Sale		74,379		3.5240 GBP
ORD		Sale		76,250		3.5197 GBP
ORD		Sale		120,131		3.5216 GBP
ORD		Sale		138,830		3.5224 GBP
ORD		Sale		157,906		3.5233 GBP
ORD		Sale		231,162		3.5211 GBP
ORD		Sale		235,698		3.5195 GBP
ORD		Sale		305,000		3.5123 GBP
ORD		Sale		305,000		3.5164 GBP
ORD		Sale		610,000		3.5161 GBP
ORD (traded as ADR)		Purchase		222		11.3200 USD
ORD (traded as ADR)		Sale		222		11.3200 USD

(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		6,079		3.5323 GBP
ORD		CFD		Long		12,644		3.5271 GBP
ORD		CFD		Long		27,431		3.5309 GBP
ORD		CFD		Long		76,250		3.5197 GBP
ORD		SWAP		Long		94,408		3.5194 GBP
ORD		CFD		Long		305,000		3.5164 GBP
ORD		SWAP		Long		351,293		3.5213 GBP
ORD		CFD		Long		610,000		3.5123 GBP
ORD		CFD		Long		610,000		3.5161 GBP
ORD		CFD		Short		8,230		3.5098 GBP
ORD		SWAP		Short		13,923		3.5108 GBP
ORD		SWAP		Short		18,200		3.5217 GBP
ORD		SWAP		Short		49,078		3.5177 GBP
ORD		CFD		Short		221,012		3.5341 GBP
ORD		CFD		Short		259,571		3.5197 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	17 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.

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

Put Options

Purchased

1,000,000

3.2000

American

16 Dec 2012

ORD

Call Options

Written

-250,000

3.6000

American

16 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.