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Tuesday 30 April, 2013

BNP Paribas London

Form 8.5 (Xstrata Plc)

RNS Number : 6257D
BNP Paribas London
30 April 2013
 



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:

BNP Paribas

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

Xstrata plc

 

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

Glencore International plc

(d) Date position held/dealing undertaken:

29 April 2013

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

Yes

 

 

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:

 

USD 0.5 ordinary

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

7,570,239

0.25

0.00

0.00

(2) Derivatives (other than options):

2,973,188

0.10

9,214,460

0.31

(3) Options and agreements to purchase/sell:

2,204,963

0.07

2,691,599

0.09

 

     TOTAL:

12,748,390

0.43

11,906,059

0.40

 

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:

n/a

Details, including nature of the rights concerned and relevant percentages:

n/a

 

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 security

Purchase/sale

 

Number of Securities

Price per unit

USD 0.5 ordinary

Purchase

496

9.6970

USD 0.5 ordinary

Purchase

40

9.7240

USD 0.5 ordinary

Purchase

240

9.7250

USD 0.5 ordinary

Purchase

240

9.7370

USD 0.5 ordinary

Purchase

200

9.7380

USD 0.5 ordinary

Purchase

132

9.7460

USD 0.5 ordinary

Purchase

307

9.7490

USD 0.5 ordinary

Purchase

1,469

9.7600

USD 0.5 ordinary

Purchase

437

9.7660

USD 0.5 ordinary

Purchase

1,240

9.7670

USD 0.5 ordinary

Purchase

200

9.7780

USD 0.5 ordinary

Purchase

200

9.7790

USD 0.5 ordinary

Purchase

200

9.7800

USD 0.5 ordinary

Purchase

200

9.7820

USD 0.5 ordinary

Purchase

200

9.7900

USD 0.5 ordinary

Purchase

1,500

9.7930

USD 0.5 ordinary

Purchase

444

9.7940

USD 0.5 ordinary

Purchase

582

9.7950

USD 0.5 ordinary

Purchase

285

9.7970

USD 0.5 ordinary

Purchase

667

9.7980

USD 0.5 ordinary

Purchase

408

9.8030

USD 0.5 ordinary

Purchase

934

9.8060

USD 0.5 ordinary

Purchase

132

9.8070

USD 0.5 ordinary

Purchase

333

9.8100

USD 0.5 ordinary

Purchase

866

9.8110

USD 0.5 ordinary

Purchase

164

9.8120

USD 0.5 ordinary

Purchase

550

9.8140

USD 0.5 ordinary

Purchase

357

9.8150

USD 0.5 ordinary

Purchase

346

9.8190

USD 0.5 ordinary

Purchase

544

9.8200

USD 0.5 ordinary

Purchase

381

9.8250

USD 0.5 ordinary

Purchase

200

9.8260

USD 0.5 ordinary

Purchase

679

9.8470

USD 0.5 ordinary

Purchase

218

9.8670

USD 0.5 ordinary

Purchase

68

9.8830

USD 0.5 ordinary

Purchase

817

9.8850

USD 0.5 ordinary

Purchase

200

9.8880

USD 0.5 ordinary

Purchase

640

9.8890

USD 0.5 ordinary

Purchase

391

9.8930

USD 0.5 ordinary

Purchase

105

9.8970

USD 0.5 ordinary

Purchase

309

9.8980

USD 0.5 ordinary

Purchase

184

9.9660

 

Total:

18,105



USD 0.5 ordinary

Sale

150

9.7340

USD 0.5 ordinary

Sale

302

9.7420

USD 0.5 ordinary

Sale

200

9.7430

USD 0.5 ordinary

Sale

745

9.7640

USD 0.5 ordinary

Sale

252

9.7670

USD 0.5 ordinary

Sale

652

9.7700

USD 0.5 ordinary

Sale

909

9.7810

USD 0.5 ordinary

Sale

673

9.7850

USD 0.5 ordinary

Sale

1,000

9.7900

USD 0.5 ordinary

Sale

636

9.7920

USD 0.5 ordinary

Sale

1,228

9.8030

USD 0.5 ordinary

Sale

211

9.8370

USD 0.5 ordinary

Sale

149

9.8390

USD 0.5 ordinary

Sale

254

9.8410

USD 0.5 ordinary

Sale

63,857

9.8960

USD 0.5 ordinary

Sale

260

9.9590

USD 0.5 ordinary

Sale

534

9.9600

USD 0.5 ordinary

Sale

118

9.9660

USD 0.5 ordinary

Sale

67

9.9670

USD 0.5 ordinary

Sale

82

9.9690


Total:

72,279


 

(b)        Derivatives transactions (other than options)

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

None





 

(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 Buy 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

USD 0.5 ordinary

Put

Buy

100,000

8.00

E

20/12/2013

35.50

USD 0.5 ordinary

Put

Buy

100,000

8.00

E

20/12/2013

36.50

USD 0.5 ordinary

Put

Buy

100,000

8.00

E

20/12/2013

37.50

 

(ii)         Exercising

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

None




 

(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)

None




 

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:

30 April 2013

Contact name:

Melanie Rayson / Gemma Stuart

Telephone number:

0207 595 6908 / 0207 595 5219

 

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 [email protected]

 

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:

BNP Paribas

 

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

Xstrata plc

 

 

2.           OPTIONS AND DERIVATIVES

 

Class of relevant security

Product description e.g. call option

Written or purchased

Number of securities to which option or derivative relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

USD 0.5 ordinary

Put

Sell

500,000

8.00

E

21/06/2013

USD 0.5 ordinary

Put

Buy

11,000

8.40

E

21/06/2013

USD 0.5 ordinary

Put

Sell

10,000

8.40

E

21/06/2013

USD 0.5 ordinary

Put

Sell

10,000

8.80

E

21/06/2013

USD 0.5 ordinary

Put

Buy

10,000

8.80

E

21/06/2013

USD 0.5 ordinary

Put

Buy

739,000

9.20

E

21/06/2013

USD 0.5 ordinary

Put

Sell

11,000

9.20

E

21/06/2013

USD 0.5 ordinary

Call

Sell

6,000

9.60

E

21/06/2013

USD 0.5 ordinary

Put

Sell

37,000

9.60

E

21/06/2013

USD 0.5 ordinary

Call

Buy

250,000

10.00

E

21/06/2013

USD 0.5 ordinary

Put

Buy

3,000

11.00

E

21/06/2013

USD 0.5 ordinary

Put

Sell

8,000

11.00

E

21/06/2013

USD 0.5 ordinary

Call

Buy

9,000

11.00

E

21/06/2013

USD 0.5 ordinary

Put

Sell

3,000

11.00

E

21/06/2013

USD 0.5 ordinary

Put

Buy

7,000

12.00

E

21/06/2013

USD 0.5 ordinary

Put

Sell

7,000

12.00

E

21/06/2013

USD 0.5 ordinary

Put

Sell

51,000

9.60

E

20/09/2013

USD 0.5 ordinary

Call

Sell

50,000

9.60

E

20/09/2013

USD 0.5 ordinary

Put

Buy

1,135,000

10.00

A

20/09/2013

USD 0.5 ordinary

Put

Sell

500,000

7.20

E

20/12/2013

USD 0.5 ordinary

Call

Sell

150,000

8.00

E

20/12/2013

USD 0.5 ordinary

Put

Sell

450,000

8.00

E

20/12/2013

USD 0.5 ordinary

Put

Buy

300,000

8.00

E

20/12/2013

USD 0.5 ordinary

Put

Buy

500,000

10.00

E

20/12/2013

USD 0.5 ordinary

Call

Sell

24,963

10.57

E

20/12/2013

USD 0.5 ordinary

Put

Sell

24,963

10.57

E

20/12/2013

USD 0.5 ordinary

Put

Buy

250,000

8.20

E

20/06/2014

USD 0.5 ordinary

Put

Sell

285,000

10.00

E

20/06/2014

USD 0.5 ordinary

Call

Buy

9,000

14.00

E

20/06/2014

USD 0.5 ordinary

Call

Sell

9,000

14.00

E

20/06/2014

USD 0.5 ordinary

Put

Buy

90,000

14.00

A

19/12/2014

 

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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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