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GLEN: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) GLENCORE INTL PLC Amendment



  GLEN: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) GLENCORE INTL PLC Amendment

UK Regulatory Announcement

LONDON

                                                         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:                               GLENCORE INTL PLC

Use a separate form for each offeror/offeree
(c) Name of the party to the offer with which exempt        Advisor to Offeree
principal trader is connected:
(d) Date position held/dealing undertaken:                  1 May 2012
                                                            YES:
(e) Has the EPT previously disclosed, or is it today
disclosing, under the Code in respect of any other party    XSTRATA PLC
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                           ORD                                  
security:
                                   Interests             Short          
                                                         Positions
                                   Number        (%)     Number        (%)
(1)             Relevant
                securities owned
                and/or             1,202,307     0.02%   11,824,702    0.17%
                controlled:
                                                                        
(2)             Derivatives
                (other than
                options):          11,645,265    0.17%   3,982,349     0.06%
                                                                        
(3)             Options and
                agreements to
                purchase/sell:     250,000       0.00%   2,325,900     0.03%
                                                                        
(4)             TOTAL:
                                   13,097,572    0.19%   18,132,951    0.26%
                                                                              
                                                                              
Class of                           Convertible
relevant                           Bond                                 
security:
                                   Interests             Short          
                                                         Positions
                                   Number        (%)     Number        (%)
(1)             Relevant
                securities owned
                and/or             1,200,000     0.05%   0             0.00%
                controlled:
                                                                        
(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        200          4.3642 GBP
ORD                 Purchase        357          4.3379 GBP
ORD                 Purchase        700          4.2770 GBP
ORD                 Purchase        1,518        4.2912 GBP
ORD                 Purchase        1,867        4.3365 GBP
ORD                 Purchase        2,059        4.3252 GBP
ORD                 Purchase        6,144        4.2906 GBP
ORD                 Purchase        9,710        4.3052 GBP
ORD                 Purchase        10,429       4.3187 GBP
ORD                 Purchase        38,900       4.2692 GBP
ORD                 Purchase        60,870       4.3363 GBP
ORD                 Purchase        87,249       4.3129 GBP
ORD                 Sale            587          4.2831 GBP
ORD                 Sale            629          4.2842 GBP
ORD                 Sale            2,292        4.2766 GBP
ORD                 Sale            2,402        4.3193 GBP
ORD                 Sale            2,491        4.2600 GBP
ORD                 Sale            2,500        4.2946 GBP
ORD                 Sale            2,979        4.2770 GBP
ORD                 Sale            3,248        4.3460 GBP
ORD                 Sale            3,568        4.3453 GBP
ORD                 Sale            10,400       4.3197 GBP
ORD                 Sale            14,313       4.3145 GBP
ORD                 Sale            22,738       4.3250 GBP
ORD                 Sale            26,720       4.3629 GBP
ORD                 Sale            46,939       4.2807 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                946          4.2938 GBP
ORD        CFD           Long                1,518        4.2912 GBP
ORD        SWAP          Long                3,500        4.3377 GBP
ORD        SWAP          Long                12,900       4.3148 GBP
ORD        CFD           Long                24,375       4.3225 GBP
ORD        CFD           Long                55,754       4.3008 GBP
ORD        SWAP          Short               300          4.3630 GBP
ORD        SWAP          Short               900          4.2963 GBP
ORD        CFD           Short               946          4.2940 GBP
ORD        CFD           Short               1,518        4.2912 GBP
ORD        SWAP          Short               14,182       4.3600 GBP
ORD        CFD           Short               24,375       4.3227 GBP
ORD        CFD           Short               55,754       4.3014 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

                         Writing,      Number of               Type                 Option
Class of   Product       purchasing,   securities   Exercise                        money
relevant   description   selling,      to which     price      e.g.        Expiry   paid/
security   e.g. call     varying       option       per unit   American,   date     received
           option        etc.          relates                 European             per unit
                                                               etc.

(ii) Exercising

                     Product
Class of relevant    description          Number of           Exercise price
security                                  securities          per unit
                     e.g. call option

(d) Other dealings (including subscribing for new securities)

                    Nature of dealing
Class of relevant                        Details   Price per unit (if
security            e.g. subscription,             applicable)
                    conversion

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

                                                      YES
Is a Supplemental Form 8 (Open Positions) attached?  
                                                       

Date of disclosure:   4 May 2012
Contact name:         Geoff Smith
Telephone number:     020 7116 2913

                     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        Barclays Capital Securities
being disclosed:                                   Ltd
Name of offeror/offeree in relation to whose       GLENCORE INTL PLC
relevant securities the disclosure 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   3 May
                                                                          2012
ORD        Put Options   Written       -1,000,000   4.8000     American   3 May
                                                                          2012
ORD        Call          Written       -75,900      4.3890     European   6 Jul
           Options                                                        2012
ORD        Call          Written       -250,000     4.6000     American   3 May
           Options                                                        2012
ORD        Call          Written       -1,000,000   4.8000     American   3 May
           Options                                                        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.

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.

Contact:

BARCLAYS PLC
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