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Friday 08 June, 2012

Morgan Stanley Secs

Form 8.5 (EPT/RI) Glencore Intl Plc

RNS Number : 9826E
Morgan Stanley Securities Limited
08 June 2012
 



FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

Morgan Stanley Securities Limited

(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 dealing undertaken:

7th June 2012

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

No

 

 

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

(a)        Purchases and sales

 

Class of relevant security

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

USD 0.01 ordinary

PURCHASES

4,095,339

3.6340 GBP

3.4785 GBP

USD 0.01 ordinary

SALES

8,917,888

3.6320 GBP

3.3416 GBP

USD 0.01 ordinary

PURCHASES

75,000

5.5875 USD

5.5875 USD

USD 0.01 ordinary

SALES

836,150

5.4000 USD

5.4000 USD

5% guaranteed convertible bonds due December 2014

PURCHASES

14,300,000

118.3750 USD

118.3000 USD

5% guaranteed convertible bonds due December 2014

SALES

4,000,000

118.9500 USD

118.9500 USD

           

(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 (GBP)

USD 0.01 ordinary

CFD

LONG

2,118,944

3.3416

USD 0.01 ordinary

CFD

LONG

657,630

3.3446

 

USD 0.01 ordinary

CFD

LONG

3,720,097

3.3446

 

USD 0.01 ordinary

CFD

LONG

10,000

3.5162

 

USD 0.01 ordinary

CFD

LONG

51,035

3.5417

 

USD 0.01 ordinary

CFD

LONG

4,199

3.5671

 

USD 0.01 ordinary

CFD

LONG

5,801

3.5671

 

USD 0.01 ordinary

CFD

LONG

10,000

3.5706

 

USD 0.01 ordinary

CFD

LONG

918,885

3.5877

 

USD 0.01 ordinary

CFD

LONG

36,314

3.5980

 

USD 0.01 ordinary

CFD

LONG

20,167

3.5988

 

USD 0.01 ordinary

CFD

LONG

9,896

3.6066

 

USD 0.01 ordinary

CFD

LONG

29,685

3.6066

 

USD 0.01 ordinary

CFD

LONG

10,497

3.6120

 

USD 0.01 ordinary

CFD

LONG

17,111

3.6120

 

USD 0.01 ordinary

CFD

LONG

3,497

3.6120

 

USD 0.01 ordinary

CFD

LONG

5,706

3.6120

 

USD 0.01 ordinary

CFD

LONG

17

3.6120

 

USD 0.01 ordinary

CFD

LONG

9,068

3.6120

 

USD 0.01 ordinary

CFD

LONG

10,000

3.6296

 

USD 0.01 ordinary

CFD

SHORT

18,039

3.3435

 

USD 0.01 ordinary

CFD

SHORT

1,430

3.4784

 

USD 0.01 ordinary

CFD

SHORT

20

3.4784

 

USD 0.01 ordinary

CFD

SHORT

33,510

3.5152

 

USD 0.01 ordinary

CFD

SHORT

266,490

3.5152

 

USD 0.01 ordinary

CFD

SHORT

360

3.5175

 

USD 0.01 ordinary

CFD

SHORT

50,000

3.5225

 

USD 0.01 ordinary

CFD

SHORT

52,000

3.5291

 

USD 0.01 ordinary

CFD

SHORT

88,830

3.5405

 

USD 0.01 ordinary

CFD

SHORT

11,170

3.5405

 

USD 0.01 ordinary

CFD

SHORT

17,181

3.5428

 

USD 0.01 ordinary

CFD

SHORT

70,348

3.5601

 

USD 0.01 ordinary

CFD

SHORT

41,332

3.5620

 

USD 0.01 ordinary

CFD

SHORT

26,300

3.5685

 

USD 0.01 ordinary

CFD

SHORT

199,149

3.5688

 

USD 0.01 ordinary

CFD

SHORT

123,241

3.5736

 

USD 0.01 ordinary

CFD

SHORT

4,199

3.5750

 

USD 0.01 ordinary

CFD

SHORT

5,801

3.5750

 

USD 0.01 ordinary

CFD

SHORT

46,287

3.5900

 

USD 0.01 ordinary

CFD

SHORT

30,000

3.5996

 

USD 0.01 ordinary

CFD

SHORT

120,000

3.6000

 

USD 0.01 ordinary

CFD

SHORT

2,739

3.6087

 

USD 0.01 ordinary

CFD

SHORT

11,010

3.6120

 

USD 0.01 ordinary

CFD

SHORT

31,887

3.6120

 

USD 0.01 ordinary

CFD

SHORT

401

3.6120

 

USD 0.01 ordinary

CFD

SHORT

5,846

3.6120

 

USD 0.01 ordinary

CFD

SHORT

210,000

3.6286

 

 

(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 (GBP)

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)        Exercising       

 

Class of relevant security

Product description

e.g. call option

Number of securities

Exercise price per unit

N/A

N/A

N/A

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

N/A

N/A

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 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

 

 

3.         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

 

 

 

 

Date of disclosure:

8th June 2012

Contact name:

Zoe Taylor

Telephone number:

0207 425 1921

 

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.


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END
 
 
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