FORM 8.5 (EPT/NON-RI) Glencore International Plc
FORM 8.5 (EPT/NON-RI) Glencore International 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) | Name of exempt principal trader: | Â | BARCLAYS CAPITAL SECURITIES LTD |
| (b) | Name of offeror/offeree in relation to whose | GLENCORE INTL PLC | |
| Â | relevant securities this form relates: | Â | |
| (c) | Name of the party to the offer with which exempt | Advisor to Offeree | |
| Â | principal trader is connected | Â | |
| (d) | Date position held/dealing undertaken: | 15 August 2012 | |
| (e) | Has the EPT previously disclosed, or is it | YES: | |
| today disclosing, under the Code in respect | |||
| Â | 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 | ORD | Â | Â | Â | Â | Â | Â | |
| Interests | Â | Short Positions | Â | |||||||
| Â | Â | Number | (%) | Number | (%) | |||||
| (1) | Relevant securities owned | |||||||||
| and/or controlled: | 3,216,314 | 0.05% | 22,093,987 | 0.32% | ||||||
| Â | Â | Â | Â | Â | Â | |||||
| (2) | Derivatives (other than | |||||||||
| options): | 19,484,927 | 0.28% | 1,389,847 | 0.02% | ||||||
| Â | Â | Â | Â | Â | Â | |||||
| (3) | Options and agreements to | |||||||||
| purchase/sell: | 1,000,000 | 0.01% | 2,000,000 | 0.03% | ||||||
| Â | Â | Â | Â | Â | Â | |||||
| (4) | TOTAL: | |||||||||
| 23,701,241 | 0.34% | 25,483,834 | 0.37% |
| Class of relevant security: | Â | Â | Convertible Bond XS0475310396 | Â | Â | Â | Â | Â | Â | |
| Interests | Â | Short Positions | Â | |||||||
| Â | Â | Number | (%) | Number | (%) | |||||
| (1) | Relevant securities owned | |||||||||
| and/or controlled: | 2,500,000 | 0.11% | 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: | |||||||||
| 2,500,000 | 0.11% | 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 | 224 | 3.4640 GBP | ||||
| ORD | Purchase | 300 | 42.0000 HKD | ||||
| ORD | Purchase | 400 | 42.1500 HKD | ||||
| ORD | Purchase | 500 | 3.4480 GBP | ||||
| ORD | Purchase | 800 | 42.2500 HKD | ||||
| ORD | Purchase | 1,089 | 3.4523 GBP | ||||
| ORD | Purchase | 1,200 | 42.1000 HKD | ||||
| ORD | Purchase | 1,643 | 3.4636 GBP | ||||
| ORD | Purchase | 1,800 | 41.6500 HKD | ||||
| ORD | Purchase | 3,264 | 3.4745 GBP | ||||
| ORD | Purchase | 6,711 | 3.4545 GBP | ||||
| ORD | Purchase | 11,701 | 3.4760 GBP | ||||
| ORD | Purchase | 16,674 | 3.4803 GBP | ||||
| ORD | Purchase | 21,200 | 41.7000 HKD | ||||
| ORD | Purchase | 22,100 | 41.9500 HKD | ||||
| ORD | Purchase | 31,509 | 3.4571 GBP | ||||
| ORD | Purchase | 31,839 | 3.4799 GBP | ||||
| ORD | Purchase | 32,165 | 3.4722 GBP | ||||
| ORD | Purchase | 55,189 | 3.4767 GBP | ||||
| ORD | Purchase | 58,959 | 3.4582 GBP | ||||
| ORD | Purchase | 72,190 | 3.4600 GBP | ||||
| ORD | Purchase | 144,847 | 3.4696 GBP | ||||
| ORD | Purchase | 517,804 | 3.4704 GBP | ||||
| ORD | Sale | 628 | 3.4505 GBP | ||||
| ORD | Sale | 1,994 | 3.4641 GBP | ||||
| ORD | Sale | 3,000 | 41.9000 HKD | ||||
| ORD | Sale | 4,471 | 3.4497 GBP | ||||
| ORD | Sale | 4,853 | 3.4587 GBP | ||||
| ORD | Sale | 5,219 | 3.4704 GBP | ||||
| ORD | Sale | 5,509 | 3.4501 GBP | ||||
| ORD | Sale | 7,300 | 41.8383 HKD | ||||
| ORD | Sale | 11,400 | 42.0000 HKD | ||||
| ORD | Sale | 13,192 | 3.4494 GBP | ||||
| ORD | Sale | 20,395 | 3.4692 GBP | ||||
| ORD | Sale | 23,600 | 41.9500 HKD | ||||
| ORD | Sale | 27,882 | 3.4821 GBP | ||||
| ORD | Sale | 38,590 | 3.4749 GBP | ||||
| ORD | Sale | 44,537 | 3.4717 GBP | ||||
| ORD | Sale | 47,958 | 3.4689 GBP | ||||
| ORD | Sale | 54,702 | 3.4628 GBP | ||||
| ORD | Sale | 72,036 | 3.4675 GBP | ||||
| ORD | Sale | 83,076 | 3.4793 GBP | ||||
| ORD | Sale | 92,050 | 3.4642 GBP | ||||
| ORD | Sale | 139,262 | 3.4735 GBP | ||||
| ORD | Sale | 149,557 | 3.4650 GBP | ||||
| ORD | Sale | 307,930 | 3.4595 GBP | ||||
| ORD | Sale | 313,458 | 3.4681 GBP | ||||
| ORD | Sale | 831,830 | 3.4713 GBP | ||||
| ORD (traded as ADR) | Purchase | 4,400 | 10.9009 USD | ||||
| ORD (traded as ADR) | Sale | 4,400 | 10.9009 USD |
(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 | 3,000 | 41.8469 HKD | |||||
| ORD | CFD | Long | 12,900 | 41.9437 HKD | |||||
| ORD | CFD | Long | 14,304 | 3.4592 GBP | |||||
| ORD | SWAP | Long | 15,700 | 3.4587 GBP | |||||
| ORD | CFD | Long | 22,800 | 3.4550 GBP | |||||
| ORD | CFD | Long | 44,731 | 3.4569 GBP | |||||
| ORD | CFD | Long | 72,176 | 3.4774 GBP | |||||
| ORD | SWAP | Long | 84,108 | 3.4616 GBP | |||||
| ORD | CFD | Long | 150,626 | 3.4676 GBP | |||||
| ORD | SWAP | Short | 400 | 3.4626 GBP | |||||
| ORD | CFD | Short | 8,451 | 3.4539 GBP | |||||
| ORD | CFD | Short | 13,609 | 3.4856 GBP | |||||
| ORD | CFD | Short | 14,632 | 3.4528 GBP | |||||
| ORD | CFD | Short | 18,400 | 41.7549 HKD | |||||
| ORD | CFD | Short | 95,482 | 3.4561 GBP | |||||
| ORD | CFD | Short | 200,000 | 3.4712 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 |
16 Aug 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.
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 “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 | |||||||||||||
| Â | Â | Â | relates | Â | Â | Â | |||||||
| ORD | Put Options | Purchased | 1,000,000 | 3.2000 | American | 17 Aug 2012 | |||||||
| ORD | Put Options | Written | -1,000,000 | 4.8000 | American | 17 Aug 2012 | |||||||
| ORD | Call Options | Written | -1,000,000 | 4.8000 | American | 17 Aug 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.
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