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 Offeror
(d) Date position held/dealing undertaken:	Â	7 February 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:		5,311,950		0.08%		11,023,042		0.16%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		10,591,428		0.15%		7,739,369		0.11%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		350,000		0.01%		2,750,000		0.04%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				16,253,378		0.23%		21,512,411		0.31%

Class of relevant security:	Â	Â	Â	Convertible Bond	Â	Â	Â	Â	Â	Â
				Interests				Short Positions
Â		Â		Number		(%)		Number		(%)
(1)		Relevant securities owned
		and/or controlled:		3,000,000		0.13%		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:
				3,000,000		0.13%		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
Convertible Bond		Purchase		1,000,000		136.0000 USD
Convertible Bond		Purchase		2,000,000		140.0500 USD
Convertible Bond		Sale		1,000,000		136.1250 USD
Convertible Bond		Sale		1,500,000		136.2500 USD
ORD		Purchase		400		56.5228 HKD
ORD		Purchase		5,076		4.5320 GBP
ORD		Purchase		16,825		4.4654 GBP
ORD		Purchase		20,000		4.6148 GBP
ORD		Purchase		39,368		4.5142 GBP
ORD		Purchase		43,044		4.4509 GBP
ORD		Purchase		45,655		4.5134 GBP
ORD		Purchase		67,677		4.6840 GBP
ORD		Purchase		166,916		4.5793 GBP
ORD		Purchase		179,430		4.5148 GBP
ORD		Purchase		185,700		4.4236 GBP
ORD		Purchase		1,026,847		4.5346 GBP
ORD		Purchase		1,110,966		4.6110 GBP
ORD		Purchase		1,414,285		4.5673 GBP
ORD		Sale		20		4.5367 GBP
ORD		Sale		56		4.5822 GBP
ORD		Sale		100		4.6316 GBP
ORD		Sale		171		4.6747 GBP
ORD		Sale		258		4.4330 GBP
ORD		Sale		334		4.4541 GBP
ORD		Sale		500		4.4259 GBP
ORD		Sale		500		4.4914 GBP
ORD		Sale		989		4.5699 GBP
ORD		Sale		1,000		4.4466 GBP
ORD		Sale		1,000		4.4709 GBP
ORD		Sale		1,000		4.5604 GBP
ORD		Sale		1,000		4.5837 GBP
ORD		Sale		1,000		4.6814 GBP
ORD		Sale		1,305		4.5832 GBP
ORD		Sale		2,135		4.4794 GBP
ORD		Sale		2,135		4.5792 GBP
ORD		Sale		2,410		4.6591 GBP
ORD		Sale		3,367		4.4531 GBP
ORD		Sale		4,264		4.6702 GBP
ORD		Sale		4,491		4.6729 GBP
ORD		Sale		8,135		4.6331 GBP
ORD		Sale		8,769		4.5197 GBP
ORD		Sale		12,697		4.5806 GBP
ORD		Sale		41,568		4.4809 GBP
ORD		Sale		41,943		4.4569 GBP
ORD		Sale		50,000		4.4302 GBP
ORD		Sale		88,000		4.5682 GBP
ORD		Sale		91,916		4.4851 GBP
ORD		Sale		229,850		4.6138 GBP
ORD		Sale		322,021		4.5314 GBP
ORD		Sale		352,558		4.6770 GBP
ORD		Sale		574,323		4.5035 GBP
ORD		Sale		1,019,117		4.4650 GBP
ORD		Sale		2,330,686		4.5861 GBP
ORD		Sale		100		56.3500 HKD
ORD		Sale		100		56.5500 HKD
ORD		Sale		1,900		56.5000 HKD

(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		2,100		56.4237 HKD
ORD		CFD		Long		200,000		4.6517 GBP
ORD		CFD		Long		372,942		4.4728 GBP
ORD		CFD		Short		400		56.5228 HKD
ORD		CFD		Short		500		4.4298 GBP
ORD		CFD		Short		500		4.4423 GBP
ORD		CFD		Short		500		4.4458 GBP
ORD		CFD		Short		500		4.4774 GBP
ORD		CFD		Short		12,002		4.6560 GBP
ORD		CFD		Short		14,849		4.4881 GBP
ORD		CFD		Short		300,000		4.6584 GBP
ORD		CFD		Short		385,710		4.6768 GBP
N/A		SWAP		Long		214,285		4.4370 GBP
N/A		SWAP		Long		385,715		4.5673 GBP
N/A		SWAP		Short		672,286		4.7085 GBP
N/A		SWAP		Short		700,000		4.6957 GBP
N/A		SWAP		Short		1,400,000		4.6901 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

NO

Date of disclosure:	Â	8 Feb 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

250,000

440.0000

American

9 Feb 2012

ORD

Put Options

Written

-1,250,000

960.0000

American

9 Feb 2012

ORD

Call Options

Purchased

100,000

4.2000

European

17 Feb 2012

ORD

Call Options

Written

-1,500,000

1,420.0000

American

9 Feb 2012

ORD

Call Options

Written

-759

4.3890

European

6 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.