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	11 May 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:		1,038,939		0.02%		10,144,022		0.15%
Â		Â		Â		Â		Â		Â
(2)		Derivatives (other than
		options):		9,293,206		0.13%		377,023		0.01%
Â		Â		Â		Â		Â		Â
(3)		Options and agreements to
		purchase/sell:		250,000		0.00%		2,325,900		0.03%
Â		Â		Â		Â		Â		Â
(4)		TOTAL:
				10,582,145		0.15%		12,846,945		0.19%
											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:		1,200,000		0.05%		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:
				1,200,000		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:	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
ORD		Purchase		495		3.7990 GBP
ORD		Purchase		673		3.8994 GBP
ORD		Purchase		1,863		3.8949 GBP
ORD		Purchase		2,564		3.8950 GBP
ORD		Purchase		5,000		3.8317 GBP
ORD		Purchase		7,007		3.8544 GBP
ORD		Purchase		7,046		3.8829 GBP
ORD		Purchase		9,614		3.8134 GBP
ORD		Purchase		15,000		3.9146 GBP
ORD		Purchase		17,086		3.8418 GBP
ORD		Purchase		20,281		3.8215 GBP
ORD		Purchase		24,765		3.8196 GBP
ORD		Purchase		46,276		3.8249 GBP
ORD		Purchase		81,921		3.8390 GBP
ORD		Purchase		106,886		3.8435 GBP
ORD		Purchase		137,965		3.8759 GBP
ORD		Purchase		148,400		49.3570 HKD
ORD		Purchase		339,741		3.8726 GBP
ORD		Purchase		355,909		3.8361 GBP
ORD		Purchase		500,000		3.8966 GBP
ORD		Sale		100		3.9130 GBP
ORD		Sale		400		49.6000 HKD
ORD		Sale		700		3.9185 GBP
ORD		Sale		904		3.8501 GBP
ORD		Sale		1,346		3.8817 GBP
ORD		Sale		2,000		49.7000 HKD
ORD		Sale		2,100		48.5500 HKD
ORD		Sale		3,000		48.6000 HKD
ORD		Sale		3,212		3.8217 GBP
ORD		Sale		4,400		49.4350 HKD
ORD		Sale		5,000		49.6500 HKD
ORD		Sale		6,990		3.8042 GBP
ORD		Sale		9,700		49.3000 HKD
ORD		Sale		10,700		49.0000 HKD
ORD		Sale		11,400		49.3500 HKD
ORD		Sale		11,495		3.8283 GBP
ORD		Sale		11,900		48.3500 HKD
ORD		Sale		11,900		48.7000 HKD
ORD		Sale		12,300		48.6500 HKD
ORD		Sale		12,900		49.4000 HKD
ORD		Sale		13,200		48.4500 HKD
ORD		Sale		13,325		3.9147 GBP
ORD		Sale		13,500		48.8000 HKD
ORD		Sale		15,000		48.5000 HKD
ORD		Sale		18,570		3.8371 GBP
ORD		Sale		19,200		49.2500 HKD
ORD		Sale		22,800		49.4500 HKD
ORD		Sale		23,500		48.7500 HKD
ORD		Sale		24,000		49.5000 HKD
ORD		Sale		24,000		49.5500 HKD
ORD		Sale		31,100		49.1500 HKD
ORD		Sale		50,032		3.8313 GBP
ORD		Sale		56,800		49.2000 HKD
ORD		Sale		63,800		49.1000 HKD
ORD		Sale		81,186		3.8377 GBP
ORD		Sale		110,043		3.8195 GBP
ORD		Sale		122,914		3.8353 GBP
ORD		Sale		166,110		3.8516 GBP
ORD		Sale		306,619		3.8391 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		SWAP		Long		800		3.9107 GBP
ORD		SWAP		Long		800		3.9178 GBP
ORD		CFD		Long		3,499		3.7997 GBP
ORD		CFD		Long		3,599		3.8516 GBP
ORD		CFD		Long		4,400		49.4350 HKD
ORD		SWAP		Long		6,959		3.8410 GBP
ORD		CFD		Long		13,782		3.8389 GBP
ORD		CFD		Long		22,193		3.8594 GBP
ORD		CFD		Long		251,800		48.8838 HKD
ORD		SWAP		Short		495		3.8418 GBP
ORD		CFD		Short		3,324		3.8904 GBP
ORD		CFD		Short		3,999		3.8030 GBP
ORD		CFD		Short		4,000		3.8454 GBP
ORD		CFD		Short		6,911		3.8498 GBP
ORD		CFD		Short		9,485		3.7828 GBP
ORD		SWAP		Short		12,900		3.8350 GBP
ORD		CFD		Short		19,696		3.8670 GBP
ORD		CFD		Short		40,000		3.8464 GBP
ORD		SWAP		Short		55,890		3.8229 GBP
ORD		CFD		Short		162,187		3.8346 GBP
ORD		CFD		Short		251,700		3.9035 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	14 May 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].

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

143221.01

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

4.4000

American

13 May 2012

ORD

Put Options

Written

-1,000,000

4.8000

American

13 May 2012

ORD

Call Options

Written

-75,900

4.3890

European

6 Jul 2012

ORD

Call Options

Written

-250,000

4.6000

American

13 May 2012

ORD

Call Options

Written

-1,000,000

4.8000

American

13 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 [phone].

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