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:		21 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:		5,256,038		0.08%		18,384,352		0.27%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		14,890,570		0.22%		3,570,096		0.05%
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:
				21,906,608		0.32%		24,030,348		0.35%
											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:		1,500,000		0.07%		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:
				1,500,000		0.07%		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		Purchase		2,000,000		115.8750 USD
Convertible Bond		Sale		3,200,000		116.2925 USD
ORD		Purchase		891		3.2500 GBP
ORD		Purchase		5,590		3.2403 GBP
ORD		Purchase		7,324		3.2155 GBP
ORD		Purchase		9,985		3.2521 GBP
ORD		Purchase		11,903		3.2397 GBP
ORD		Purchase		37,257		3.2511 GBP
ORD		Purchase		83,608		3.2419 GBP
ORD		Purchase		97,844		3.2472 GBP
ORD		Purchase		101,066		3.2383 GBP
ORD		Purchase		148,900		39.8432 HKD
ORD		Purchase		176,244		3.2499 GBP
ORD		Purchase		292,730		3.2374 GBP
ORD		Purchase		377,306		3.2578 GBP
ORD		Purchase		500		3.3000 GBP
ORD		Purchase		100		39.7500 HKD
ORD		Purchase		100		40.1500 HKD
ORD		Sale		300		39.7500 HKD
ORD		Sale		300		40.2000 HKD
ORD		Sale		600		40.0500 HKD
ORD		Sale		1,100		39.4500 HKD
ORD		Sale		1,200		39.8500 HKD
ORD		Sale		1,200		39.9500 HKD
ORD		Sale		1,600		39.5500 HKD
ORD		Sale		1,600		39.6000 HKD
ORD		Sale		2,000		39.8000 HKD
ORD		Sale		2,000		39.9000 HKD
ORD		Sale		2,300		39.4000 HKD
ORD		Sale		2,300		39.6500 HKD
ORD		Sale		4,100		40.3000 HKD
ORD		Sale		4,500		39.5000 HKD
ORD		Sale		5,400		39.2000 HKD
ORD		Sale		5,600		39.3500 HKD
ORD		Sale		6,800		39.3000 HKD
ORD		Sale		6,900		40.2500 HKD
ORD		Sale		8,800		40.0000 HKD
ORD		Sale		13,000		40.1000 HKD
ORD		Sale		24,500		39.2500 HKD
ORD		Sale		60,800		40.1500 HKD
ORD		Sale		100		40.1500 HKD
ORD		Sale		212		3.2760 GBP
ORD		Sale		891		3.2500 GBP
ORD		Sale		998		3.2900 GBP
ORD		Sale		3,249		3.2446 GBP
ORD		Sale		3,476		3.2407 GBP
ORD		Sale		3,870		3.2497 GBP
ORD		Sale		7,265		3.2532 GBP
ORD		Sale		7,324		3.2156 GBP
ORD		Sale		8,267		3.2346 GBP
ORD		Sale		10,500		3.3006 GBP
ORD		Sale		44,678		3.2993 GBP
ORD		Sale		45,525		3.2568 GBP
ORD		Sale		51,831		3.2375 GBP
ORD		Sale		62,792		3.2412 GBP
ORD		Sale		73,201		3.2489 GBP
ORD		Sale		100,000		3.2394 GBP
ORD		Sale		179,830		3.2165 GBP
ORD		Sale		201,162		3.2586 GBP
ORD		Sale		416,670		3.2970 GBP
ORD		Sale		434,728		3.2621 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		5,400		3.2900 GBP
ORD		CFD		Long		8,000		39.7522 HKD
ORD		SWAP		Long		12,092		3.2941 GBP
ORD		CFD		Long		23,680		3.2473 GBP
ORD		SWAP		Long		55,178		3.2995 GBP
ORD		CFD		Long		100,000		3.2394 GBP
ORD		CFD		Long		405,933		3.2616 GBP
ORD		CFD		Short		100		39.7978 HKD
ORD		CFD		Short		396		3.2166 GBP
ORD		SWAP		Short		864		3.2191 GBP
ORD		CFD		Short		1,000		3.2218 GBP
ORD		CFD		Short		3,439		3.2169 GBP
ORD		CFD		Short		4,328		3.2754 GBP
ORD		CFD		Short		6,171		3.2145 GBP
ORD		SWAP		Short		6,400		3.2380 GBP
ORD		CFD		Short		7,900		3.2612 GBP
ORD		CFD		Short		16,980		3.2196 GBP
ORD		SWAP		Short		18,032		3.2941 GBP
ORD		CFD		Short		23,111		3.2582 GBP
ORD		CFD		Short		101,066		3.2383 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	22 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

23 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

23 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

23 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.