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: 14 December 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: 5,065,642 0.07% 36,356,127 0.51%
           
(2) Derivatives (other than
options): 35,969,129 0.51% 2,626,293 0.04%
           
(3) Options and agreements to
purchase/sell: 1,000,000 0.01% 250,000 0.00%
           
(4) TOTAL:
42,034,771 0.59% 39,232,420 0.55%
 
Class of relevant security:   Convertible Bond XS0475310396      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 2,000,000 0.09% 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:
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:  
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  
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   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
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   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:  

17 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.

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 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 +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

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