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BARCLAYS PLC (XTA)

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Wednesday 27 June, 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:  

26 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?  

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: 14,642,933 0.49% 554,301 0.02%
           
(2) Derivatives (other than
options): 215,982 0.01% 33,445,482 1.11%
           
(3) Options and agreements to
purchase/sell: 25,907,546 0.86% 2,364,718 0.08%
           
(4) TOTAL:
40,766,461 1.36% 36,364,501 1.21%

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 126 7.8820 GBP
ORD Purchase 657 11.7500 CHF
ORD Purchase 883 8.0600 GBP
ORD Purchase 1,000 7.8479 GBP
ORD Purchase 1,107 7.9743 GBP
ORD Purchase 1,564 7.8686 GBP
ORD Purchase 1,600 8.0177 GBP
ORD Purchase 2,483 7.8867 GBP
ORD Purchase 2,500 12.1000 CHF
ORD Purchase 2,509 7.9342 GBP
ORD Purchase 4,500 11.9000 CHF
ORD Purchase 5,180 11.8000 CHF
ORD Purchase 5,443 7.9144 GBP
ORD Purchase 5,500 12.0000 CHF
ORD Purchase 6,567 7.9269 GBP
ORD Purchase 8,449 7.9124 GBP
ORD Purchase 10,866 11.9500 CHF
ORD Purchase 11,187 7.9155 GBP
ORD Purchase 12,000 11.8500 CHF
ORD Purchase 12,422 7.9303 GBP
ORD Purchase 14,508 7.9000 GBP
ORD Purchase 20,358 7.9318 GBP
ORD Purchase 29,147 7.9302 GBP
ORD Purchase 62,892 7.9229 GBP
ORD Purchase 80,086 7.9252 GBP
ORD Purchase 100,000 7.9706 GBP
ORD Purchase 197,642 7.9376 GBP
ORD Purchase 200,000 7.9709 GBP
ORD Purchase 200,000 8.0380 GBP
ORD Purchase 240,000 7.8482 GBP
ORD Purchase 308,264 7.9358 GBP
ORD Purchase 317,699 7.9516 GBP
ORD Sale 3,421 7.8580 GBP
ORD Sale 100 7.9500 GBP
ORD Sale 267 8.0545 GBP
ORD Sale 781 11.9500 CHF
ORD Sale 1,006 8.0624 GBP
ORD Sale 1,313 7.8990 GBP
ORD Sale 4,000 12.0500 CHF
ORD Sale 5,443 7.9147 GBP
ORD Sale 5,800 12.0000 CHF
ORD Sale 6,083 7.9893 GBP
ORD Sale 6,877 7.9779 GBP
ORD Sale 8,542 7.9391 GBP
ORD Sale 11,441 7.9390 GBP
ORD Sale 11,957 7.8982 GBP
ORD Sale 13,301 7.9856 GBP
ORD Sale 18,925 7.9392 GBP
ORD Sale 24,975 7.8907 GBP
ORD Sale 30,001 7.9581 GBP
ORD Sale 33,315 7.9399 GBP
ORD Sale 35,673 7.9218 GBP
ORD Sale 40,000 8.0521 GBP
ORD Sale 45,793 7.9361 GBP
ORD Sale 47,516 7.9344 GBP
ORD Sale 50,512 7.9426 GBP
ORD Sale 59,776 7.8580 GBP
ORD Sale 77,961 7.9590 GBP
ORD Sale 100,000 7.9969 GBP
ORD Sale 108,926 7.9622 GBP
ORD Sale 116,942 7.9820 GBP
ORD Sale 227,569 7.9625 GBP
ORD Sale 240,277 7.9920 GBP
ORD Sale 302,932 7.9389 GBP

(b) Derivatives transactions (other than options)

Class of   Product   Nature of dealing   Number of   Price per
relevant description reference unit
security     securities  
ORD SWAP Long 600 7.9388 GBP
ORD CFD Long 5,795 7.9047 GBP
ORD CFD Long 10,581 12.0134 CHF
ORD CFD Long 13,004 8.0177 GBP
ORD CFD Long 13,301 7.9856 GBP
ORD CFD Long 100,000 7.9969 GBP
ORD SWAP Short 317,699 7.9516 GBP
ORD CFD Long 240,277 7.9919 GBP
ORD SWAP Short 600 7.8949 GBP
ORD CFD Short 1,107 7.9743 GBP
ORD SWAP Short 5,881 7.8923 GBP
ORD CFD Short 11,516 7.9191 GBP
ORD CFD Short 18,591 7.9269 GBP
ORD CFD Short 41,203 11.9109 CHF
ORD CFD Short 100,000 7.9706 GBP
ORD CFD Short 200,000 7.9709 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: 27 Jun 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 Put Options Purchased 2,570,863 7.9303 European 18 Jun 2013
ORD Put Options Purchased 912,000 8.0000 American 28 Jun 2012
ORD Put Options Written -412,000 7.4000 American 28 Jun 2012
ORD Put Options Written -1,000,000 8.0000 American 28 Jun 2012
ORD Put Options Written -850,000 11.0000 American 28 Jun 2012
ORD Call Options Purchased 500,000 11.0000 American 28 Jun 2012
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 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.