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:   Barclays Capital Securities Ltd
(b) Name of offeror/offeree in relation to whose GLENCORE INTL PLC
  relevant securities this form relates:  
(c) Name of the party to the offer with which exempt Advisor to Offeree
  principal trader is connected  
(d) Date position held/dealing undertaken: 4 May 2012
(e) Has the EPT previously disclosed, or is it YES:
today disclosing, under the Code in respect XSTRATA PLC
  of any other party to this offer?  

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: 1,185,527 0.02% 13,131,787 0.19%
           
(2) Derivatives (other than
options): 10,847,385 0.16% 603,732 0.01%
           
(3) Options and agreements to
purchase/sell: 250,000 0.00% 2,325,900 0.03%
           
(4) TOTAL:
12,282,912 0.18% 16,061,419 0.23%
Class of relevant security:   Convertible Bond
  Interests   Short Positions
    Number   (%) Number   (%)
(1) Relevant securities owned
and/or controlled: 1,200,000 0.05% 0 0.00%
           
(2) Derivatives (other than
options): 0 0.00% 0 0.00%
           
(3) Options and agreements to
purchase/sell: 0 0.00% 0 0.00%
           
(4) TOTAL:
1,200,000 0.05% 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:  
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 400 53.1500 HKD
ORD Purchase 454 4.0998 GBP
ORD Purchase 800 53.1000 HKD
ORD Purchase 900 52.8000 HKD
ORD Purchase 900 53.0500 HKD
ORD Purchase 916 4.1377 GBP
ORD Purchase 1,372 4.1025 GBP
ORD Purchase 1,844 4.0873 GBP
ORD Purchase 3,000 4.2290 GBP
ORD Purchase 3,494 4.1366 GBP
ORD Purchase 5,300 4.0709 GBP
ORD Purchase 9,880 4.0735 GBP
ORD Purchase 16,195 4.1046 GBP
ORD Purchase 18,044 4.1274 GBP
ORD Purchase 20,000 4.2233 GBP
ORD Purchase 20,000 4.2407 GBP
ORD Purchase 68,486 4.1248 GBP
ORD Purchase 104,116 4.0991 GBP
ORD Purchase 252,371 4.1108 GBP
ORD Purchase 275,704 4.1229 GBP
ORD Sale 100 53.1000 HKD
ORD Sale 300 4.0954 GBP
ORD Sale 300 52.6000 HKD
ORD Sale 351 4.0903 GBP
ORD Sale 1,100 52.9000 HKD
ORD Sale 1,226 4.0654 GBP
ORD Sale 1,247 4.0889 GBP
ORD Sale 1,300 4.1471 GBP
ORD Sale 1,500 4.2267 GBP
ORD Sale 1,647 4.1679 GBP
ORD Sale 2,000 52.9750 HKD
ORD Sale 6,000 4.2640 GBP
ORD Sale 7,895 4.0974 GBP
ORD Sale 10,100 52.6500 HKD
ORD Sale 16,160 4.1238 GBP
ORD Sale 21,723 4.1349 GBP
ORD Sale 21,900 52.8000 HKD
ORD Sale 39,318 4.1624 GBP
ORD Sale 43,402 4.0919 GBP
ORD Sale 50,463 4.1201 GBP
ORD Sale 103,604 4.1222 GBP
ORD Sale 104,490 4.0971 GBP
ORD Sale 213,797 4.1136 GBP
ORD Sale 219,236 4.0975 GBP
ORD Sale 235,837 4.1025 GBP
ORD Sale 971,782 4.0970 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 145 4.1461 GBP
ORD CFD Long 145 4.1611 GBP
ORD CFD Long 146 4.1396 GBP
ORD CFD Long 146 4.1666 GBP
ORD CFD Long 317 4.1696 GBP
ORD CFD Long 403 4.1481 GBP
ORD CFD Long 434 4.1454 GBP
ORD CFD Long 494 4.1791 GBP
ORD CFD Long 594 4.1776 GBP
ORD SWAP Long 1,400 4.1375 GBP
ORD SWAP Long 5,714 4.0929 GBP
ORD SWAP Long 24,055 4.1151 GBP
ORD CFD Long 33,400 52.6928 HKD
ORD CFD Long 34,335 4.1671 GBP
ORD CFD Short 900 53.1189 HKD
ORD SWAP Short 1,700 4.0776 GBP
ORD CFD Short 4,089 4.1032 GBP
ORD SWAP Short 15,180 4.0726 GBP
ORD CFD Short 33,344 4.1951 GBP
ORD CFD Short 35,000 4.1389 GBP
ORD CFD Short 115,070 4.1232 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: 8 May 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 the person whose positions/dealings   Barclays Capital Securities Ltd
are being disclosed:  
Name of offeror/offeree in relation to whose GLENCORE INTL PLC
relevant securities this from relates:  

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 250,000 4.4000 American 6 May 2012
ORD Put Options Written -1,000,000 4.8000 American 6 May 2012
ORD Call Options Written -75,900 4.3890 European 6 Jul 2012
ORD Call Options Written -250,000 4.6000 American 6 May 2012
ORD Call Options Written -1,000,000 4.8000 American 6 May 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 +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

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