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	27 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:		6,102,757		0.09%		19,448,938		0.28%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		14,569,973		0.21%		3,961,959		0.06%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		1,970,000		0.03%		2,075,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				22,642,730		0.33%		25,486,797		0.37%
											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:		3,900,000		0.17%		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:
				3,900,000		0.17%		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		3,000,000		112.5500 USD
Convertible Bond		Sale		200,000		111.8500 USD
ORD		Purchase		600		2.9370 GBP
ORD		Purchase		760		2.9783 GBP
ORD		Purchase		2,619		2.9395 GBP
ORD		Purchase		3,825		2.9532 GBP
ORD		Purchase		6,800		36.4462 HKD
ORD		Purchase		22,640		2.9286 GBP
ORD		Purchase		25,471		2.9677 GBP
ORD		Purchase		27,672		2.9439 GBP
ORD		Purchase		48,189		2.9253 GBP
ORD		Purchase		67,900		36.5157 HKD
ORD		Purchase		80,336		2.9693 GBP
ORD		Purchase		146,540		2.9540 GBP
ORD		Purchase		227,628		2.9589 GBP
ORD		Purchase		250,000		2.9000 GBP
ORD		Purchase		250,000		2.9129 GBP
ORD		Purchase		327,697		2.9165 GBP
ORD		Purchase		434,557		2.9525 GBP
ORD		Purchase		481,650		2.9474 GBP
ORD		Purchase		500,000		2.9884 GBP
ORD		Purchase		700		36.3500 HKD
ORD		Purchase		700		36.4500 HKD
ORD		Purchase		800		36.3000 HKD
ORD		Purchase		1,000		36.7000 HKD
ORD		Purchase		9,500		36.7500 HKD
ORD		Sale		100		36.8500 HKD
ORD		Sale		200		36.2000 HKD
ORD		Sale		400		36.9000 HKD
ORD		Sale		700		36.4500 HKD
ORD		Sale		700		36.7000 HKD
ORD		Sale		1,100		36.2500 HKD
ORD		Sale		1,200		36.4000 HKD
ORD		Sale		2,600		36.8000 HKD
ORD		Sale		4,500		36.5000 HKD
ORD		Sale		6,800		37.0000 HKD
ORD		Sale		8,400		36.6500 HKD
ORD		Sale		14,600		36.6000 HKD
ORD		Sale		15,000		36.3000 HKD
ORD		Sale		22,100		36.3500 HKD
ORD		Sale		18		3.0105 GBP
ORD		Sale		692		2.9205 GBP
ORD		Sale		760		2.9784 GBP
ORD		Sale		903		2.9240 GBP
ORD		Sale		973		3.0171 GBP
ORD		Sale		2,200		36.4431 HKD
ORD		Sale		2,619		2.9395 GBP
ORD		Sale		2,882		2.9582 GBP
ORD		Sale		3,052		2.9345 GBP
ORD		Sale		5,640		2.9635 GBP
ORD		Sale		8,057		2.9033 GBP
ORD		Sale		14,534		2.9501 GBP
ORD		Sale		15,170		2.9700 GBP
ORD		Sale		22,130		2.9626 GBP
ORD		Sale		23,352		2.9290 GBP
ORD		Sale		23,426		2.9178 GBP
ORD		Sale		32,512		2.9628 GBP
ORD		Sale		40,579		2.9260 GBP
ORD		Sale		41,400		3.0068 GBP
ORD		Sale		42,294		2.9274 GBP
ORD		Sale		50,000		2.9352 GBP
ORD		Sale		54,166		2.9623 GBP
ORD		Sale		76,283		2.9505 GBP
ORD		Sale		104,168		2.9900 GBP
ORD		Sale		110,121		2.9644 GBP
ORD		Sale		152,135		2.9615 GBP
ORD		Sale		211,300		3.0093 GBP
ORD		Sale		250,000		3.0090 GBP
ORD		Sale		252,000		2.9378 GBP
ORD		Sale		350,000		2.9200 GBP
ORD		Sale		560,000		3.0446 GBP
ORD		Sale		884,687		2.9357 GBP
ORD		Sale		965,916		2.9494 GBP
ORD		Sale		1,000,000		2.9511 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		500		3.0340 GBP
ORD		CFD		Long		504		3.0381 GBP
ORD		SWAP		Long		900		2.9615 GBP
ORD		CFD		Long		1,269		3.0037 GBP
ORD		CFD		Long		1,963		3.0214 GBP
ORD		CFD		Long		2,005		2.9614 GBP
ORD		CFD		Long		2,155		2.9112 GBP
ORD		CFD		Long		5,599		2.8996 GBP
ORD		CFD		Long		5,891		3.0357 GBP
ORD		CFD		Long		10,096		2.9727 GBP
ORD		CFD		Long		10,390		3.0415 GBP
ORD		CFD		Long		10,500		36.3953 HKD
ORD		CFD		Long		250,000		3.0090 GBP
ORD		CFD		Long		725,009		2.9471 GBP
ORD		SWAP		Short		600		2.9370 GBP
ORD		CFD		Short		1,392		3.0385 GBP
ORD		SWAP		Short		4,200		2.9816 GBP
ORD		CFD		Short		6,800		36.4462 HKD
ORD		CFD		Short		10,214		2.9659 GBP
ORD		CFD		Short		10,390		2.9984 GBP
ORD		CFD		Short		10,500		36.7726 HKD
ORD		CFD		Short		23,683		2.9930 GBP
ORD		CFD		Short		19,008		3.0243 GBP
ORD		SWAP		Short		48,189		2.9253 GBP
ORD		CFD		Short		186,726		2.9581 GBP
ORD		CFD		Short		250,000		2.9129 GBP
ORD		CFD		Short		500,000		2.9884 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class

Â

Product

Â

Writing,

Â

Number

Â

Exercise

Â

Type

Â

Expiry

Â

Option

of

description

purchasing,

of

price

date

money

relevant

selling,

securities

per unit

paid/

security

varying etc

to which

received

option

per unit

Â

Â

Â

relates

Â

Â

Â

Â

ORD

Â

Purchasing

1,000,000

310 GBP

American

20 Jul 2012

8.2500 GBP

(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 Â

Date of disclosure:	Â	28 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.

143221.01

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

29 Jun 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

29 Jun 2012

ORD

Call Options

Purchased

210,000

3.1000

American

29 Jun 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

29 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.