BNP Paribas London Form 8.5 (Glencore International plc)

  BNP Paribas London - Form 8.5 (Glencore International plc)

RNS Number : 5463P
BNP Paribas London
25 October 2012




                            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:                BNP Paribas
(b) Name of offeror/offeree in relation to whose    Glencore International plc
relevant securities this form relates:

 Use a separate form for each offeror/offeree
(c) Name of the party to the offer with which       Glencore International plc
exempt principal trader is connected:
(d) Date position held/dealing undertaken:          24/10/2012
(e) Has the EPT previously disclosed, or is it      Yes
today disclosing, under the Code in respect of any
other party to this offer?                          



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:                        USD 0.01 ordinary shares


                                                 Interests    Short positions

                                                Number    %     Number    %
(1) Relevant securities owned and/or              0.00    0.00 5,685,891  0.09
controlled:
(2) Derivatives (other than options):           5,062,792 0.07 5,421,803  0.08
(3)Options and agreements to purchase/sell:      95,316   0.00 1,918,810  0.03

                                                5,158,108 0.07 13,026,504 0.19
 TOTAL:



Class of relevant security:                    XS0475310396

                            5% Guaranteed Convertible Bonds due December 2014
                                   Interests             Short positions

                                Number         %         Number         %
(1) Relevant securities          23,000       0.00         0.00         0.00
owned and/or controlled:
(2) Derivatives (other than    5,100,000      0.22      16,000,000      0.70
options):
(3) Options and agreements        0.00        0.00         0.00         0.00
to purchase/sell:

                               5,123,000      0.22      16,000,000      0.70
 TOTAL:



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: n/a
Details, including nature of the rights concerned and relevant             n/a
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 security Purchase/sale Number of securities Price per unit

                                 
USD 0.01 ordinary shares   Purchase             1,697             3.4780
USD 0.01 ordinary shares   Purchase               72              3.4745
USD 0.01 ordinary shares   Purchase              727              3.4740
USD 0.01 ordinary shares   Purchase              951              3.4660
USD 0.01 ordinary shares   Purchase             3,900             3.4600
USD 0.01 ordinary shares   Purchase              610              3.4595
USD 0.01 ordinary shares   Purchase             4,692             3.4580
USD 0.01 ordinary shares   Purchase              218              3.4565
USD 0.01 ordinary shares   Purchase              246              3.4480
USD 0.01 ordinary shares   Purchase             1,224             3.4450
USD 0.01 ordinary shares   Purchase              884              3.4440
USD 0.01 ordinary shares   Purchase             1,400             3.4410
USD 0.01 ordinary shares   Purchase             3,789             3.4400
USD 0.01 ordinary shares   Purchase              577              3.4395
USD 0.01 ordinary shares   Purchase             2,387             3.4360
USD 0.01 ordinary shares   Purchase              375              3.4355
USD 0.01 ordinary shares   Purchase              302              3.4350
USD 0.01 ordinary shares   Purchase             9,583             3.4345
USD 0.01 ordinary shares   Purchase               64              3.4341
USD 0.01 ordinary shares   Purchase            321,131            3.4340
USD 0.01 ordinary shares   Purchase              596              3.4320
USD 0.01 ordinary shares   Purchase              236              3.4290
USD 0.01 ordinary shares   Purchase              280              3.4285
USD 0.01 ordinary shares   Purchase             2,833             3.4270
USD 0.01 ordinary shares   Purchase             1,600             3.4260
USD 0.01 ordinary shares   Purchase             1,858             3.4230
USD 0.01 ordinary shares   Purchase             2,160             3.4220
USD 0.01 ordinary shares   Purchase             7,066             3.4215
USD 0.01 ordinary shares   Purchase             2,463             3.4205
USD 0.01 ordinary shares   Purchase               45              3.4204
USD 0.01 ordinary shares   Purchase             4,512             3.4200
USD 0.01 ordinary shares   Purchase              709              3.4185
USD 0.01 ordinary shares   Purchase              244              3.4175
USD 0.01 ordinary shares   Purchase             1,531             3.4120
USD 0.01 ordinary shares   Purchase              284              3.4090
                           Total               381,246
USD 0.01 ordinary shares   Sales                 806              3.4730
USD 0.01 ordinary shares   Sales                  44              3.4715
USD 0.01 ordinary shares   Sales                 576              3.4675
USD 0.01 ordinary shares   Sales                1,434             3.4670
USD 0.01 ordinary shares   Sales                  27              3.4655
USD 0.01 ordinary shares   Sales                5,000             3.4635
USD 0.01 ordinary shares   Sales                2,526             3.4605
USD 0.01 ordinary shares   Sales                  3               3.4595
USD 0.01 ordinary shares   Sales                1,119             3.4590
USD 0.01 ordinary shares   Sales                3,163             3.4580
USD 0.01 ordinary shares   Sales                  18              3.4578
USD 0.01 ordinary shares   Sales                1,334             3.4575
USD 0.01 ordinary shares   Sales                3,533             3.4570
USD 0.01 ordinary shares   Sales                  2               3.4565
USD 0.01 ordinary shares   Sales                 200              3.4560
USD 0.01 ordinary shares   Sales                 600              3.4525
USD 0.01 ordinary shares   Sales                  64              3.4515
USD 0.01 ordinary shares   Sales                 193              3.4480
USD 0.01 ordinary shares   Sales                2,400             3.4475
USD 0.01 ordinary shares   Sales                5,192             3.4460
USD 0.01 ordinary shares   Sales                4,580             3.4455
USD 0.01 ordinary shares   Sales                1,100             3.4450
USD 0.01 ordinary shares   Sales                1,913             3.4445
USD 0.01 ordinary shares   Sales                1,014             3.4425
USD 0.01 ordinary shares   Sales                 238              3.4420
USD 0.01 ordinary shares   Sales                8,984             3.4415
USD 0.01 ordinary shares   Sales                3,257             3.4410
USD 0.01 ordinary shares   Sales                1,780             3.4400
USD 0.01 ordinary shares   Sales                 648              3.4395
USD 0.01 ordinary shares   Sales                 819              3.4390
USD 0.01 ordinary shares   Sales                2,141             3.4385
USD 0.01 ordinary shares   Sales                 900              3.4380
USD 0.01 ordinary shares   Sales                7,256             3.4375
USD 0.01 ordinary shares   Sales                2,156             3.4370
USD 0.01 ordinary shares   Sales                1,630             3.4365
USD 0.01 ordinary shares   Sales                5,241             3.4360
USD 0.01 ordinary shares   Sales                1,600             3.4345
USD 0.01 ordinary shares   Sales                2,857             3.4335
USD 0.01 ordinary shares   Sales                3,233             3.4320
USD 0.01 ordinary shares   Sales                3,936             3.4305
USD 0.01 ordinary shares   Sales                 564              3.4300
USD 0.01 ordinary shares   Sales                2,200             3.4295
USD 0.01 ordinary shares   Sales                5,000             3.4290
USD 0.01 ordinary shares   Sales                3,122             3.4285
USD 0.01 ordinary shares   Sales                5,000             3.4280
USD 0.01 ordinary shares   Sales                 924              3.4275
USD 0.01 ordinary shares   Sales                3,280             3.4270
USD 0.01 ordinary shares   Sales                4,360             3.4265
USD 0.01 ordinary shares   Sales                3,910             3.4260
USD 0.01 ordinary shares   Sales                 386              3.4240
USD 0.01 ordinary shares   Sales                5,601             3.4230
USD 0.01 ordinary shares   Sales                1,005             3.4225
USD 0.01 ordinary shares   Sales                 533              3.4215
USD 0.01 ordinary shares   Sales                2,183             3.4210
USD 0.01 ordinary shares   Sales                 931              3.4205
USD 0.01 ordinary shares   Sales                  61              3.4165
USD 0.01 ordinary shares   Sales                 184              3.4125
USD 0.01 ordinary shares   Sales                1,215             3.4060
USD 0.01 ordinary shares   Sales                1,736             3.4030
USD 0.01 ordinary shares   Sales                 861              3.4025
USD 0.01 ordinary shares   Sales                2,011             3.3990
                           Total               128,584



(b) Derivatives transactions (other than options)



Class of   Product              Nature of dealing             Number of  Price
relevant description                                          reference   per
security                e.g. opening/closing a long/short     securities unit
          e.g. CFD       position, increasing/reducing a
                               long/short position
None



(c) Options transactions in respect of existing securities



(i) Writing, selling, purchasing or varying



Class of   Product    Writing,   Number of  Exercise   Type    Expiry  Option
relevant description purchasing, securities  price              date   money
security  e.g. call   selling,    to which  per unit   e.g.            paid/
           option      varying     option            American,        received
                        etc.      relates            European         per unit
                                                       etc.
None



(ii) Exercising



 Class of relevant  Product description      Number of      Exercise price per
     security                               securities             unit
                     e.g. call option
None



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



 Class of relevant       Nature of dealing     Details   Price per unit (if
      security                                               applicable)
                        e.g. subscription,
                            conversion
None



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:             25 October 2012
        Contact name:                   Melanie Rayson and Rachel Burke
        Telephone number:               0207 595 6908 / 0379



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 person whose open positions are being   BNP Paribas
disclosed:
Name of offeror/offeree in relation to whose        Glencore International plc
relevant securities the disclosure relates:



2. OPTIONS AND DERIVATIVES



Class of   Product   Written or   Number of    Exercise    Type    Expiry date
relevant description purchased  securities to  price per
security  e.g. call              which option    unit      e.g.
           option               or derivative            American,
                                   relates               European
                                                           etc.
USD 0.01
ordinary     Put        Buy        250,000       3.20        E     21/12/2012
shares
USD 0.01
ordinary    Call        Buy         1,000        3.40        E     21/12/2012
shares
USD 0.01
ordinary     Put        Sell        1,000        3.40        E     21/12/2012
shares
USD 0.01
ordinary     Put        Sell        35,000       3.00        A     15/03/2012
shares



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.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


FEOLELFLLBFZFBB -0- Oct/25/2012 12:40 GMT
 
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