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BARCLAYS PLC (XTA)

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Wednesday 04 April, 2012

BARCLAYS PLC

FORM 8.5 (EPT/NON-RI) - XSTRATA PLC

FORM 8.5 (EPT/NON-RI) - XSTRATA 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

 

XSTRATA 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:  

3 April 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:

 

GLENCORE INTL 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: 2,485,131 0.08% 649,762 0.02%
           
(2) Derivatives (other than
options): 287,530 0.01% 22,539,668 0.75%
           
(3) Options and agreements to
purchase/sell: 22,174,683 0.74% 2,550,000 0.08%
           
(4) TOTAL:
24,947,344 0.83% 25,739,430 0.86%

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 4,000 11.0500 GBP
ORD (traded as ADR) Purchase 66 3.4200 USD
ORD Purchase 100 11.0025 GBP
ORD Purchase 100 11.1006 GBP
ORD Purchase 210 11.0350 GBP
ORD Purchase 225 11.0456 GBP
ORD Purchase 500 11.0212 GBP
ORD Purchase 500 15.9500 CHF
ORD Purchase 600 11.0912 GBP
ORD Purchase 700 11.1106 GBP
ORD Purchase 888 11.0256 GBP
ORD Purchase 900 11.0462 GBP
ORD Purchase 1,205 11.0599 GBP
ORD Purchase 1,250 11.0600 GBP
ORD Purchase 1,266 15.9000 CHF
ORD Purchase 1,283 11.0548 GBP
ORD Purchase 1,500 11.0489 GBP
ORD Purchase 2,220 11.0200 GBP
ORD Purchase 2,252 11.0131 GBP
ORD Purchase 2,391 10.9854 GBP
ORD Purchase 2,500 11.0682 GBP
ORD Purchase 3,335 10.9883 GBP
ORD Purchase 3,876 16.0000 CHF
ORD Purchase 4,800 11.0168 GBP
ORD Purchase 5,267 11.0190 GBP
ORD Purchase 7,091 15.9526 CHF
ORD Purchase 12,633 11.0345 GBP
ORD Purchase 14,447 11.0032 GBP
ORD Purchase 14,452 11.0455 GBP
ORD Purchase 24,160 11.0000 GBP
ORD Purchase 42,925 11.0450 GBP
ORD Purchase 42,925 11.0900 GBP
ORD Purchase 59,082 11.0151 GBP
ORD Purchase 200,000 11.0029 GBP
ORD (traded as ADR) Sale 66 3.4200 USD
ORD Sale 15 11.0311 GBP
ORD Sale 33 11.0519 GBP
ORD Sale 243 11.0297 GBP
ORD Sale 300 16.0500 CHF
ORD Sale 450 11.0211 GBP
ORD Sale 700 16.0000 CHF
ORD Sale 740 11.0479 GBP
ORD Sale 929 15.9000 CHF
ORD Sale 1,133 11.0379 GBP
ORD Sale 1,708 11.0236 GBP
ORD Sale 2,500 11.0178 GBP
ORD Sale 5,162 15.9500 CHF
ORD Sale 5,642 15.9731 CHF
ORD Sale 6,086 11.0444 GBP
ORD Sale 9,133 11.0410 GBP
ORD Sale 13,664 11.0490 GBP
ORD Sale 13,838 11.0371 GBP
ORD Sale 14,145 11.0439 GBP
ORD Sale 17,819 11.0383 GBP
ORD Sale 24,052 11.0000 GBP
ORD Sale 26,500 10.9917 GBP
ORD Sale 28,474 11.0418 GBP
ORD Sale 34,803 11.0112 GBP
ORD Sale 36,841 11.0513 GBP
ORD Sale 58,345 11.0443 GBP
ORD Sale 89,630 11.0565 GBP
ORD Sale 128,778 11.0508 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 2,400 11.0924 GBP
ORD CFD Long 4,789 11.0319 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: 4 Apr 2012
Contact name: Geoff Smith
Telephone number: 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 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:

XSTRATA 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 Call Options Purchased 54,395 12.1253 European 11 Jan 2013
ORD Call Options Written -50,600 10.5037 European 2 Aug 2012
ORD Call Options Written -52,118 12.0000 European 27 Feb 2013
ORD Put Options Purchased 250,000 1000.0000 American 5 Apr 2012
ORD Put Options Written -200,000 880.0000 American 5 Apr 2012
ORD Put Options Written -300,000 1000.0000 American 5 Apr 2012
ORD Put Options Written -850,000 1100.0000 American 5 Apr 2012
ORD Put Options Written -250,000 1400.0000 American 5 Apr 2012
ORD Call Options Written -200,000 880.0000 American 5 Apr 2012
ORD Call Options Written -500,000 1000.0000 American 5 Apr 2012
ORD Call Options Written -250,000 1400.0000 American 5 Apr 2012
ORD Equity Forward Purchased 21,924,683 20.5248   17 Jun 2013

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.