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 (“RIâ€) STATUS (OR WHERE RI STATUS IS NOT APPLICABLE)
Rule 8.5 of the Takeover Code (the “Codeâ€)
1. KEY INFORMATION
(a) | Â | Name of exempt principal trader: | Â | 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: | 11 June 2012 | |||
(e) | Has the EPT previously disclosed, or is it | YES: | |||
today disclosing, under the Code in respect | |||||
 | of any other party to this offer? | XSTRATA 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: | Â | Â | Â | ORD | Â | Â | Â | Â | Â | Â | |
Interests | Â | Short Positions | Â | ||||||||
 |  | Number | (%) | Number | (%) | ||||||
(1) | Relevant securities owned | ||||||||||
and/or controlled: | 3,280,049 | 0.05% | 12,639,246 | 0.18% | |||||||
 |  |  |  |  |  | ||||||
(2) | Derivatives (other than | ||||||||||
options): | 9,089,952 | 0.13% | 949,939 | 0.01% | |||||||
 |  |  |  |  |  | ||||||
(3) | Options and agreements to | ||||||||||
purchase/sell: | 250,000 | 0.00% | 2,325,900 | 0.03% | |||||||
 |  |  |  |  |  | ||||||
(4) | TOTAL: | ||||||||||
12,620,001 | 0.18% | 15,915,085 | 0.22% | ||||||||
 | |||||||||||
Class of relevant security: | Â | Convertible Bond | Â | Â | Â | ||||||
Interests | Â | Short Positions | Â | ||||||||
 |  | Number | (%) | Number | (%) | ||||||
(1) | Relevant securities owned | ||||||||||
and/or controlled: | 4,700,000 | 0.20% | 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: | ||||||||||
4,700,000 | 0.20% | 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 | 318 | 3.6628 GBP | ||||
ORD | Purchase | 542 | 3.6886 GBP | ||||
ORD | Purchase | 1,120 | 3.6460 GBP | ||||
ORD | Purchase | 1,169 | 3.6796 GBP | ||||
ORD | Purchase | 7,009 | 3.6687 GBP | ||||
ORD | Purchase | 8,427 | 3.6803 GBP | ||||
ORD | Purchase | 10,884 | 3.6806 GBP | ||||
ORD | Purchase | 15,062 | 3.6543 GBP | ||||
ORD | Purchase | 17,250 | 3.6836 GBP | ||||
ORD | Purchase | 23,280 | 3.6413 GBP | ||||
ORD | Purchase | 87,774 | 3.6361 GBP | ||||
ORD | Purchase | 192,394 | 3.6260 GBP | ||||
ORD | Purchase | 265,965 | 3.6400 GBP | ||||
ORD | Purchase | 305,782 | 3.6559 GBP | ||||
ORD | Purchase | 703,251 | 3.6449 GBP | ||||
ORD | Purchase | 200 | 43.8500 HKD | ||||
ORD | Purchase | 500 | 44.4000 HKD | ||||
ORD | Purchase | 1,300 | 43.5000 HKD | ||||
ORD | Purchase | 1,800 | 44.2000 HKD | ||||
ORD | Purchase | 2,900 | 44.2500 HKD | ||||
ORD | Purchase | 5,000 | 43.6500 HKD | ||||
ORD | Purchase | 10,000 | 43.7500 HKD | ||||
ORD | Purchase | 11,100 | 44.3000 HKD | ||||
ORD | Sale | 90,136 | 3.6773 GBP | ||||
ORD | Sale | 991 | 3.6276 GBP | ||||
ORD | Sale | 10,898 | 3.6865 GBP | ||||
ORD | Sale | 13,708 | 3.6442 GBP | ||||
ORD | Sale | 20,200 | 43.8047 HKD | ||||
ORD | Sale | 22,655 | 3.6691 GBP | ||||
ORD | Sale | 22,968 | 3.6355 GBP | ||||
ORD | Sale | 23,137 | 3.6344 GBP | ||||
ORD | Sale | 30,373 | 3.6499 GBP | ||||
ORD | Sale | 36,033 | 3.6169 GBP | ||||
ORD | Sale | 38,122 | 3.6479 GBP | ||||
ORD | Sale | 67,230 | 3.6419 GBP | ||||
ORD | Sale | 273,929 | 3.6454 GBP | ||||
ORD | Sale | 276,273 | 3.6405 GBP | ||||
ORD | Sale | 348,773 | 3.6583 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 | CFD | Long | 5,916 | 3.6304 GBP | |||||
ORD | CFD | Long | 12,600 | 3.6858 GBP | |||||
ORD | SWAP | Long | 18,916 | 3.6385 GBP | |||||
ORD | SWAP | Long | 23,137 | 3.6344 GBP | |||||
ORD | CFD | Long | 74,176 | 3.6353 GBP | |||||
ORD | SWAP | Long | 80,938 | 3.6423 GBP | |||||
ORD | CFD | Long | 109,974 | 3.6576 GBP | |||||
ORD | CFD | Short | 1,837 | 3.6284 GBP | |||||
ORD | CFD | Short | 12,600 | 44.3412 HKD | |||||
ORD | CFD | Short | 15,954 | 3.6873 GBP | |||||
ORD | CFD | Short | 42,485 | 3.6791 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. |
 | Expiry date |  | Option money paid/ received per unit |
(ii) Exercising
Class of relevant security | Â |
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 | Â |
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? | Â |
YES |
Date of disclosure: | Â |
12 Jun 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 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 “Codeâ€)
1. KEY INFORMATION
Identity of the person whose positions/dealings | Â | Barclays Capital Securities Ltd |
are being disclosed: | Â | |
Name of offeror/offeree in relation to whose | GLENCORE INTL PLC | |
relevant securities this from relates: | Â |
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 | |||||||||||||
 |  |  | relates |  |  |  | |||||||
ORD | Put Options | Purchased | 250,000 | 4.4000 | American | 13 Jun 2012 | |||||||
ORD | Put Options | Written | -1,000,000 | 4.8000 | American | 13 Jun 2012 | |||||||
ORD | Call Options | Written | -75,900 | 4.3890 | European | 6 Jul 2012 | |||||||
ORD | Call Options | Written | -250,000 | 4.6000 | American | 13 Jun 2012 | |||||||
ORD | Call Options | Written | -1,000,000 | 4.8000 | American | 13 Jun 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 (“CFDsâ€) 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.