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Friday 23 March, 2012

BNP Paribas London

Form 8.5 (Glencore International plc)

RNS Number : 0137A
BNP Paribas London
23 March 2012
 



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

Glencore International 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:

20/03/2012

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

Yes

 

 

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 0.01 ordinary shares

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

0

0.00

9,104,224

0.13

(2) Derivatives (other than options):

4,566,574

0.07

0

0.00

(3) Options and agreements to purchase/sell:

300,000

0.00

0

0.00

 

     TOTAL:

4,866,574

0.07

9,104,224

0.13

 

Class of relevant security:

 

XS0475310396

Convertible Bond

 

 

Interests

Short positions

Number

%

Number

%

(1) Relevant securities owned and/or controlled:

23,000

0.00

0

0.00

 

     TOTAL:

23,000

0.00

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:

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 0.01 ordinary shares

Purchase

453

4.18

USD 0.01 ordinary shares

Purchase

707

4.17

USD 0.01 ordinary shares

Purchase

9,113

4.16

USD 0.01 ordinary shares

Purchase

3,499

4.15

USD 0.01 ordinary shares

Purchase

10,333

4.13

USD 0.01 ordinary shares

Purchase

19,549

4.12

USD 0.01 ordinary shares

Purchase

5,702

4.11

USD 0.01 ordinary shares

Purchase

9,954

4.10

USD 0.01 ordinary shares

Purchase

25,086

4.09

USD 0.01 ordinary shares

Purchase

5,604

4.08


Total

90,000






USD 0.01 ordinary shares

Sale

198

4.17

USD 0.01 ordinary shares

Sale

70,8726

4.16

USD 0.01 ordinary shares

Sale

4,562

4.15

USD 0.01 ordinary shares

Sale

9,132

4.14

USD 0.01 ordinary shares

Sale

25,478

4.13

USD 0.01 ordinary shares

Sale

26,150

4.12

USD 0.01 ordinary shares

Sale

14,204

4.11

USD 0.01 ordinary shares

Sale

15,977

4.10

USD 0.01 ordinary shares

Sale

10,275

4.09

USD 0.01 ordinary shares

Sale

3,584

4.08

 

Total

818,286


 

(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

USD 0.01 ordinary shares

CFD

Opening long position

700,000

4.16

 

 

 

 

 

 

 

(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

n/a




 




 

(ii)        Exercising

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

n/a



 

 

 

(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)

n/a

 

 



 

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:

22/03/2012

Contact name:

Dirk Young

Telephone number:

020 7595 4871

 

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:

BNP Paribas

 

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

Glencore International 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 0.01 ordinary shares

Call

B

150,000

4.50

E

15/06/2012

USD 0.01 ordinary shares

Put

S

150,000

4.50

E

15/06/2012

 

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 +44 (0)20 7638 0129.

 

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

 

 


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