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	29 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

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:		6,426,552		0.09%		18,255,185		0.26%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		15,339,705		0.22%		4,362,230		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:
				23,736,257		0.34%		24,693,315		0.36%
											Â
Class of relevant security:		Â		Convertible Bond XS0475310396		Â		Â		Â
				Interests		Â		Short Positions		Â
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
ORD		Purchase		100		35.7000 HKD
ORD		Purchase		468		3.0165 GBP
ORD		Purchase		494		3.0176 GBP
ORD		Purchase		495		2.9907 GBP
ORD		Purchase		900		35.6000 HKD
ORD		Purchase		1,545		2.9944 GBP
ORD		Purchase		2,926		3.0036 GBP
ORD		Purchase		8,900		36.7500 HKD
ORD		Purchase		9,400		36.4500 HKD
ORD		Purchase		9,905		3.0062 GBP
ORD		Purchase		10,000		36.8000 HKD
ORD		Purchase		10,400		35.6644 HKD
ORD		Purchase		11,152		3.0083 GBP
ORD		Purchase		11,700		36.3500 HKD
ORD		Purchase		13,700		36.7000 HKD
ORD		Purchase		16,544		2.9631 GBP
ORD		Purchase		17,900		36.6000 HKD
ORD		Purchase		18,600		36.1500 HKD
ORD		Purchase		20,874		2.9563 GBP
ORD		Purchase		20,880		3.0021 GBP
ORD		Purchase		21,000		36.8500 HKD
ORD		Purchase		21,700		36.1000 HKD
ORD		Purchase		25,200		36.2500 HKD
ORD		Purchase		25,900		36.6500 HKD
ORD		Purchase		28,700		36.3000 HKD
ORD		Purchase		38,657		2.9555 GBP
ORD		Purchase		38,700		36.5500 HKD
ORD		Purchase		44,900		36.4000 HKD
ORD		Purchase		44,900		36.5000 HKD
ORD		Purchase		46,130		3.0079 GBP
ORD		Purchase		56,000		36.2000 HKD
ORD		Purchase		60,000		3.0294 GBP
ORD		Purchase		92,007		3.0052 GBP
ORD		Purchase		147,314		2.9919 GBP
ORD		Purchase		161,850		3.0254 GBP
ORD		Purchase		170,000		4.6958 GBP
ORD		Purchase		205,175		3.0056 GBP
ORD		Purchase		228,776		3.0126 GBP
ORD		Purchase		265,983		3.0037 GBP
ORD		Purchase		270,086		2.9897 GBP
ORD		Sale		200		36.5500 HKD
ORD		Sale		300		36.8000 HKD
ORD		Sale		400		36.1000 HKD
ORD		Sale		494		3.0177 GBP
ORD		Sale		495		2.9907 GBP
ORD		Sale		900		35.9000 HKD
ORD		Sale		1,076		3.0261 GBP
ORD		Sale		1,409		3.0272 GBP
ORD		Sale		2,000		35.8000 HKD
ORD		Sale		3,790		2.9843 GBP
ORD		Sale		7,500		35.6000 HKD
ORD		Sale		10,000		2.9660 GBP
ORD		Sale		28,301		2.9918 GBP
ORD		Sale		42,164		3.0117 GBP
ORD		Sale		49,893		3.0294 GBP
ORD		Sale		50,609		2.9555 GBP
ORD		Sale		57,067		2.9953 GBP
ORD		Sale		59,034		2.9836 GBP
ORD		Sale		119,488		3.0084 GBP
ORD		Sale		139,242		2.9890 GBP
ORD		Sale		139,242		2.9895 GBP
ORD		Sale		139,242		2.9925 GBP
ORD		Sale		139,242		3.0000 GBP
ORD		Sale		167,100		36.3212 HKD
ORD		Sale		233,730		4.6600 GBP
ORD		Sale		307,696		3.0097 GBP
ORD		Sale		384,104		2.9993 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		400		36.0543 HKD
ORD		CFD		Long		500		36.6559 HKD
ORD		CFD		Long		1,544		3.0351 GBP
ORD		SWAP		Long		6,600		2.9755 GBP
ORD		CFD		Long		25,796		3.0174 GBP
ORD		CFD		Long		41,024		3.0060 GBP
ORD		CFD		Long		226,580		3.0170 GBP
ORD		CFD		Short		321		3.0155 GBP
ORD		CFD		Short		3,409		3.0136 GBP
ORD		CFD		Short		4,300		36.1830 HKD
ORD		CFD		Short		12,307		2.9992 GBP
ORD		CFD		Short		16,544		2.9631 GBP
ORD		SWAP		Short		20,874		2.9563 GBP
ORD		SWAP		Short		41,417		2.9916 GBP
ORD		CFD		Short		76,231		3.0065 GBP
ORD		CFD		Short		226,800		36.5558 HKD

(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	2 Jul 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

1 Jul 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

1 Jul 2012

ORD

Call Options

Purchased

210,000

3.1000

American

1 Jul 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

1 Jul 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.