Citigroup Global Mkt Form 8.5 (EPT/RI)

  Citigroup Global Mkt - Form 8.5 (EPT/RI)

RNS Number : 0854Q
Citigroup Global Markets Limited
01 November 2012




                                                                             

                                                             FORM 8.5 (EPT/RI)

                                      

   PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED
           INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

                  Rule 8.5 of the Takeover Code (the "Code")

                                      

1. KEY INFORMATION



(a) Name of exempt principal trader:                Citigroup Global Markets
                                                    Limited
(b) Name of offeror/offeree in relation to whose    Xstrata 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 dealing undertaken:                        31 October 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. DEALINGS BY THE EXEMPT PRINCIPAL TRADER



(a) Purchases and sales



Class of Purchases/ Total number    Highest price per unit    Lowest price per
relevant   sales    of securities        paid/received              unit
security                                                       paid/received
                                              
                                                                     
USD 0.50  Purchase    1,313,573           GBP 9.9002             GBP 9.7669
Ordinary
USD 0.50    Sale       975,370            GBP 9.9006             GBP 9.7909
Ordinary



(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. TRS       position, increasing/reducing a
                               long/short position                       (GBP)




(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.
                                                                          (GBP)
USD 0.50    Call     Purchasing     9000      10.5   American  21-Dec-12   0.22
Ordinary
USD 0.50    Call     Purchasing    15000      10.5   American  21-Dec-12   0.22
Ordinary
USD 0.50     Put       Selling     20000      9.6    American  21-Dec-12   0.35
Ordinary
USD 0.50     Put       Selling     20000      9.2    American  21-Dec-12   0.23
Ordinary
USD 0.50    Call     Purchasing    20000      10.5   American  21-Dec-12   0.22
Ordinary
USD 0.50    Call     Purchasing    20000      10.5   American  21-Dec-12   0.22
Ordinary
USD 0.50     Put       Selling     30000      9.6    American  21-Dec-12   0.35
Ordinary
USD 0.50     Put       Selling     30000      9.2    American  21-Dec-12   0.23
Ordinary
USD 0.50    Call     Purchasing    36000      10.5   American  21-Dec-12   0.22
Ordinary



(ii) Exercising



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



(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



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 2(a), (b), (c) or (d)  (as 
appropriate) for each additional class of relevant security dealt in.



3. 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





        Date of disclosure: 01 November 2012
        Contact name:       Cathal McKenna
        Telephone number:   02890 409544

                            

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.

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

END


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