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 relevant securities this form relates:

Use a separate form for each offeror/offeree

 

GLENCORE INTL PLC

(c) Name of the party to the offer with which exempt principal trader is connected:  

Advisor to Offeree

(d) Date position held/dealing undertaken:  

20 December 2012

(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?  

YES:

 

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: 4,538,938 0.06% 37,657,873 0.53%
           
(2) Derivatives (other than
options): 37,133,471 0.52% 2,713,365 0.04%
           
(3) Options and agreements to
purchase/sell: 1,000,000 0.01% 250,000 0.00%
           
(4) TOTAL:
42,672,409 0.60% 40,621,238 0.57%
           
Class of relevant security:   Convertible Bond XS0475310396      
Interests   Short Positions  
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 3,400,000 0.15% 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:
3,400,000 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:  
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  
ORD Purchase 200 44.0000 HKD
ORD Purchase 800 43.9000 HKD
ORD Purchase 1,258 3.4965 GBP
ORD Purchase 1,299 3.5200 GBP
ORD Purchase 4,864 3.5313 GBP
ORD Purchase 6,984 3.5245 GBP
ORD Purchase 8,100 44.1000 HKD
ORD Purchase 10,800 3.4926 GBP
ORD Purchase 11,743 3.5109 GBP
ORD Purchase 14,500 3.5252 GBP
ORD Purchase 15,750 3.5076 GBP
ORD Purchase 16,234 3.5306 GBP
ORD Purchase 20,740 3.5096 GBP
ORD Purchase 37,730 3.4993 GBP
ORD Purchase 38,900 3.5215 GBP
ORD Purchase 39,894 3.5168 GBP
ORD Purchase 41,916 3.5335 GBP
ORD Purchase 42,665 3.5338 GBP
ORD Purchase 53,658 3.5171 GBP
ORD Purchase 58,500 44.0500 HKD
ORD Purchase 71,585 3.5042 GBP
ORD Purchase 73,945 3.5142 GBP
ORD Purchase 215,329 3.5146 GBP
ORD Purchase 238,619 3.5122 GBP
ORD Purchase 436,507 3.5108 GBP
ORD Sale 500 44.2000 HKD
ORD Sale 1,000 3.4925 GBP
ORD Sale 1,300 44.1500 HKD
ORD Sale 3,262 3.5215 GBP
ORD Sale 3,854 3.5049 GBP
ORD Sale 5,199 3.5305 GBP
ORD Sale 6,984 3.5246 GBP
ORD Sale 9,268 3.5010 GBP
ORD Sale 10,300 44.0883 HKD
ORD Sale 13,234 3.5084 GBP
ORD Sale 16,993 3.4954 GBP
ORD Sale 18,648 3.5291 GBP
ORD Sale 23,550 3.5171 GBP
ORD Sale 23,679 3.5088 GBP
ORD Sale 25,020 3.4984 GBP
ORD Sale 25,300 44.1000 HKD
ORD Sale 26,905 3.5144 GBP
ORD Sale 29,400 44.0000 HKD
ORD Sale 40,165 3.5311 GBP
ORD Sale 44,275 3.5327 GBP
ORD Sale 88,491 3.5174 GBP
ORD Sale 115,864 3.4965 GBP
ORD Sale 132,196 3.5150 GBP
ORD Sale 159,227 3.5204 GBP
ORD Sale 183,000 3.5276 GBP
ORD Sale 500,000 3.5200 GBP

(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 5,000 3.5196 GBP
ORD CFD Long 10,973 3.5208 GBP
ORD SWAP Long 13,200 3.5068 GBP
ORD SWAP Long 14,800 3.4998 GBP
ORD SWAP Long 36,913 3.5086 GBP
ORD CFD Long 40,165 3.5311 GBP
ORD CFD Long 92,497 3.5159 GBP
ORD CFD Long 183,000 3.5276 GBP
ORD CFD Short 800 43.9566 HKD
ORD SWAP Short 18,891 3.5198 GBP
ORD CFD Short 31,666 3.5096 GBP
ORD CFD Short 46,231 3.5254 GBP
ORD SWAP Short 53,400 3.5225 GBP
ORD CFD Short 89,278 3.5187 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:  

21 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 person whose open positions are being disclosed:  

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   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 22 Dec 2012
ORD Call Options Written -250,000 3.6000 American 22 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.

Companies

Glencore (GLEN)
UK 100

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