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	26 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				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		5,945,324		0.09%		16,758,829		0.24%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		14,702,693		0.21%		3,789,588		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:
				22,408,017		0.32%		22,624,317		0.33%

	Â		Â		Â		Â		Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,100,000		0.05%		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:
				1,100,000		0.05%		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		2,600,000		113.6000 USD
Convertible Bond		Purchase		3,000,000		113.3750 USD
Convertible Bond		Sale		300,000		113.0000 USD
Convertible Bond		Sale		3,000,000		112.9500 USD
Convertible Bond		Sale		4,700,000		113.2500 USD
ORD		Purchase		1,897		3.0343 GBP
ORD		Purchase		2,251		3.0702 GBP
ORD		Purchase		2,271		3.0741 GBP
ORD		Purchase		2,834		3.0656 GBP
ORD		Purchase		6,304		3.0378 GBP
ORD		Purchase		6,559		3.0477 GBP
ORD		Purchase		8,317		3.1150 GBP
ORD		Purchase		21,805		3.0429 GBP
ORD		Purchase		40,644		3.0359 GBP
ORD		Purchase		56,328		3.0468 GBP
ORD		Purchase		61,475		3.0557 GBP
ORD		Purchase		76,600		37.2308 HKD
ORD		Purchase		100,000		3.0270 GBP
ORD		Purchase		112,000		3.0754 GBP
ORD		Purchase		137,097		3.0390 GBP
ORD		Purchase		208,129		3.0522 GBP
ORD		Purchase		412,004		3.0360 GBP
ORD		Purchase		522,962		3.0383 GBP
ORD		Purchase		758,472		3.0364 GBP
ORD		Purchase		858,157		3.0375 GBP
ORD		Purchase		600		37.2500 HKD
ORD		Purchase		2,100		37.4000 HKD
ORD		Sale		1,000		37.5500 HKD
ORD		Sale		3,500		37.4000 HKD
ORD		Sale		4,900		37.2500 HKD
ORD		Sale		6,800		37.0500 HKD
ORD		Sale		8,200		37.5000 HKD
ORD		Sale		10,000		37.3500 HKD
ORD		Sale		12,000		37.0000 HKD
ORD		Sale		12,300		37.4500 HKD
ORD		Sale		19,800		37.1000 HKD
ORD		Sale		16,915		3.0270 GBP
ORD		Sale		600		37.2500 HKD
ORD		Sale		657		3.0340 GBP
ORD		Sale		700		3.0305 GBP
ORD		Sale		1,046		3.0332 GBP
ORD		Sale		1,136		3.0356 GBP
ORD		Sale		2,834		3.0657 GBP
ORD		Sale		3,240		3.0371 GBP
ORD		Sale		6,265		3.0926 GBP
ORD		Sale		13,345		3.0144 GBP
ORD		Sale		14,184		3.0351 GBP
ORD		Sale		23,027		3.0337 GBP
ORD		Sale		28,000		3.0299 GBP
ORD		Sale		28,229		3.0681 GBP
ORD		Sale		40,395		3.0366 GBP
ORD		Sale		61,254		3.0602 GBP
ORD		Sale		116,167		3.0349 GBP
ORD		Sale		133,703		3.0417 GBP
ORD		Sale		136,381		3.0322 GBP
ORD		Sale		138,890		3.0673 GBP
ORD		Sale		208,335		3.0290 GBP
ORD		Sale		219,750		3.0771 GBP
ORD		Sale		253,560		3.0751 GBP
ORD		Sale		296,343		3.0472 GBP
ORD		Sale		931,371		3.0394 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		1,900		37.4525 HKD
ORD		CFD		Long		25,776		3.0539 GBP
ORD		CFD		Long		39,098		3.0620 GBP
ORD		CFD		Long		41,345		3.0249 GBP
ORD		CFD		Long		74,662		3.0376 GBP
ORD		CFD		Long		400,700		3.0305 GBP
ORD		SWAP		Long		400,000		3.0304 GBP
ORD		SWAP		Long		400,700		3.0305 GBP
ORD		CFD		Short		2,100		37.4473 HKD
ORD		CFD		Short		2,271		3.0741 GBP
ORD		SWAP		Short		3,800		3.0290 GBP
ORD		SWAP		Short		6,304		3.0378 GBP
ORD		CFD		Short		11,758		3.0162 GBP
ORD		CFD		Short		26,229		3.0685 GBP
ORD		CFD		Short		56,000		3.0213 GBP
ORD		CFD		Short		142,796		3.0502 GBP
ORD		CFD		Short		858,157		3.0375 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:		27 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 [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 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

28 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

28 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

28 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.