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	12 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?	Â	YES: XSTRATA PLC Â

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				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,029,183		0.01%		11,067,104		0.16%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		9,677,583		0.14%		500,744		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		850,000		0.01%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				11,556,766		0.17%		13,893,748		0.20%
											Â
											Â
Class of relevant security:		Â		Convertible Bond		Â		Â		Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		1,500,000		0.07%		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:
				1,500,000		0.07%		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 security

Â

Purchase/sale

Â

Number of securities

Â

Price per unit

Class of relevant security	Â	Purchase/sale	Â	Number of securities	Â	Price per unit
ORD		Purchase		1,300		49.3000 HKD
ORD		Purchase		1,346		4.0562 GBP
ORD		Purchase		2,103		4.0604 GBP
ORD		Purchase		2,200		49.2000 HKD
ORD		Purchase		2,400		49.2500 HKD
ORD		Purchase		4,332		4.0684 GBP
ORD		Purchase		4,600		49.1000 HKD
ORD		Purchase		6,900		49.4000 HKD
ORD		Purchase		7,453		4.0573 GBP
ORD		Purchase		8,489		4.0306 GBP
ORD		Purchase		15,209		4.0475 GBP
ORD		Purchase		22,329		4.0490 GBP
ORD		Purchase		27,515		4.0645 GBP
ORD		Purchase		31,251		4.0440 GBP
ORD		Purchase		35,211		4.0548 GBP
ORD		Purchase		100,093		4.0540 GBP
ORD		Purchase		148,736		4.0426 GBP
ORD		Purchase		160,373		4.0115 GBP
ORD		Purchase		309,209		4.0374 GBP
ORD		Sale		30		3.9931 GBP
ORD		Sale		200		49.0500 HKD
ORD		Sale		244		3.9930 GBP
ORD		Sale		400		49.4000 HKD
ORD		Sale		1,000		49.1000 HKD
ORD		Sale		2,070		4.0519 GBP
ORD		Sale		2,200		49.1681 HKD
ORD		Sale		5,000		4.0071 GBP
ORD		Sale		5,635		4.0268 GBP
ORD		Sale		5,915		4.0064 GBP
ORD		Sale		6,093		4.0314 GBP
ORD		Sale		7,446		4.0485 GBP
ORD		Sale		9,649		4.0600 GBP
ORD		Sale		20,453		4.0490 GBP
ORD		Sale		22,063		4.0134 GBP
ORD		Sale		23,419		4.0594 GBP
ORD		Sale		37,525		4.0367 GBP
ORD		Sale		54,571		4.0150 GBP
ORD		Sale		87,868		4.0349 GBP
ORD		Sale		214,205		4.0443 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		1,600		49.1048 HKD
ORD		CFD		Long		9,649		4.0596 GBP
ORD		CFD		Long		17,200		3.9965 GBP
ORD		CFD		Long		35,470		4.0709 GBP
ORD		CFD		Short		600		4.0113 GBP
ORD		CFD		Short		900		4.0488 GBP
ORD		CFD		Short		8,489		4.0306 GBP
ORD		CFD		Short		17,200		49.3131 HKD
ORD		CFD		Short		54,516		4.0233 GBP
ORD		CFD		Short		96,857		4.0399 GBP

(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 Â

Date of disclosure:	Â	13 Apr 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].

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

Put Options

Purchased

600,000

3.7500

European

24 Apr 2012

ORD

Put Options

Purchased

250,000

4.4000

American

14 Apr 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

14 Apr 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

14 Apr 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

14 Apr 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.