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:	Â	BARCLAYS CAPITAL SECURITIES LTD
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree	Â	GLENCORE INTL PLC
(c) Name of the party to the offer with which exempt principal trader is connected:	Â	Advisor to Offeree
(d) Date position held/dealing undertaken:	Â	25 June 2012
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?	Â	YES:   XSTRATA PLC Â

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:		5,994,709		0.09%		17,452,193		0.25%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		14,897,152		0.22%		3,942,423		0.06%
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:
				22,651,861		0.33%		23,470,516		0.34%
											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:		3,500,000		0.15%		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:
				3,500,000		0.15%		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		113.7000 USD
ORD		Purchase		900		3.0800 GBP
ORD		Purchase		1,500		3.1135 GBP
ORD		Purchase		2,499		3.0972 GBP
ORD		Purchase		3,261		3.0811 GBP
ORD		Purchase		5,453		3.1030 GBP
ORD		Purchase		5,948		3.0971 GBP
ORD		Purchase		10,907		3.1031 GBP
ORD		Purchase		12,143		3.0813 GBP
ORD		Purchase		15,724		3.0860 GBP
ORD		Purchase		17,178		3.0787 GBP
ORD		Purchase		19,058		3.0815 GBP
ORD		Purchase		54,862		3.0350 GBP
ORD		Purchase		90,899		3.1130 GBP
ORD		Purchase		97,133		3.0824 GBP
ORD		Purchase		137,188		3.0790 GBP
ORD		Purchase		180,121		3.0749 GBP
ORD		Purchase		250,000		37.6854 HKD
ORD		Purchase		266,300		37.5635 HKD
ORD		Purchase		376,046		3.0942 GBP
ORD		Purchase		411,873		3.0883 GBP
ORD		Purchase		1,240		3.0600 GBP
ORD		Sale		500		37.8000 HKD
ORD		Sale		3,000		37.8500 HKD
ORD		Sale		5,000		37.3500 HKD
ORD		Sale		8,200		37.7500 HKD
ORD		Sale		16,100		37.4000 HKD
ORD		Sale		20,700		37.7000 HKD
ORD		Sale		24,300		37.4500 HKD
ORD		Sale		31,600		37.6000 HKD
ORD		Sale		47,500		37.6500 HKD
ORD		Sale		49,400		37.5000 HKD
ORD		Sale		61,100		37.5500 HKD
ORD		Sale		209		3.0861 GBP
ORD		Sale		372		3.0600 GBP
ORD		Sale		625		3.0991 GBP
ORD		Sale		1,804		3.1449 GBP
ORD		Sale		2,864		3.0765 GBP
ORD		Sale		5,001		3.1131 GBP
ORD		Sale		8,644		3.0836 GBP
ORD		Sale		12,921		3.0854 GBP
ORD		Sale		15,741		3.1237 GBP
ORD		Sale		26,289		3.0815 GBP
ORD		Sale		28,000		3.0492 GBP
ORD		Sale		45,977		3.0864 GBP
ORD		Sale		66,410		3.0934 GBP
ORD		Sale		69,075		3.0776 GBP
ORD		Sale		70,296		3.0821 GBP
ORD		Sale		71,223		3.0713 GBP
ORD		Sale		165,545		3.0852 GBP
ORD		Sale		172,600		1.9473 GBP
ORD		Sale		193,971		3.0737 GBP
ORD		Sale		202,525		3.0885 GBP
ORD		Sale		277,780		3.1375 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		163		3.1148 GBP
ORD		CFD		Long		170		3.0784 GBP
ORD		CFD		Long		667		3.0948 GBP
ORD		CFD		Long		1,100		37.6523 HKD
ORD		SWAP		Long		1,804		3.1449 GBP
ORD		CFD		Long		28,000		3.0492 GBP
ORD		CFD		Long		36,922		3.0849 GBP
ORD		CFD		Long		19,008		3.1336 GBP
ORD		SWAP		Short		900		3.0800 GBP
ORD		CFD		Short		1,500		3.1135 GBP
ORD		SWAP		Short		4,900		3.0731 GBP
ORD		CFD		Short		25,114		3.0829 GBP
ORD		CFD		Short		34,648		3.0912 GBP
ORD		CFD		Short		39,820		3.1003 GBP
ORD		CFD		Short		50,071		3.1073 GBP
ORD		CFD		Short		71,605		3.1118 GBP
ORD		SWAP		Short		90,899		3.1129 GBP
ORD		CFD		Short		151,440		3.0749 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	26 Jun 2012
Contact name:	Â	Geoff Smith
Telephone number:	Â	020 7116 2913

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

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

27 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

27 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

27 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.

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.