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

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

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:                 13 November 2012
                                                            YES:

(e) Has the EPT previously disclosed, or is it 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                           ORD                          
security:
                                      Interests            Short Positions
                                    Number       (%)     Number       (%)
(1)              Relevant
                 securities owned
                 and/or controlled:   4,271,928    0.06%   26,528,622   0.37%
                                                                   
(2)              Derivatives (other
                 than
                 options):            26,095,547   0.37%   1,904,739    0.03%
                                                                   
(3)              Options and
                 agreements to
                 purchase/sell:       1,000,000    0.01%   250,000      0.00%
                                                                   
(4)              TOTAL:
                                      31,367,475   0.44%   28,683,361   0.40%

                                                                   
Class of                               Convertible Bond
relevant                              XS0475310396                    
security:
                                       Interests              Short Positions
                                     Number       (%)      Number    (%)
(1)               Relevant
                  securities owned
                  and/or controlled:   2,300,000     0.10%    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:
                                       2,300,000     0.10%    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        2,297        3.3397 GBP
ORD                 Purchase        3,957        3.3243 GBP
ORD                 Purchase        5,940        3.3481 GBP
ORD                 Purchase        6,280        3.3364 GBP
ORD                 Purchase        7,759        3.3454 GBP
ORD                 Purchase        10,025       3.3622 GBP
ORD                 Purchase        26,279       3.3371 GBP
ORD                 Purchase        26,915       3.3596 GBP
ORD                 Purchase        41,615       3.3478 GBP
ORD                 Purchase        65,122       3.3542 GBP
ORD                 Purchase        65,768       3.3435 GBP
ORD                 Purchase        117,891      3.3445 GBP
ORD                 Purchase        152,028      3.3636 GBP
ORD                 Purchase        733,039      3.3562 GBP
ORD                 Sale            200          3.3437 GBP
ORD                 Sale            500          3.3615 GBP
ORD                 Sale            536          3.3491 GBP
ORD                 Sale            719          3.3428 GBP
ORD                 Sale            1,391        3.3585 GBP
ORD                 Sale            3,957        3.3243 GBP
ORD                 Sale            5,702        3.3634 GBP
ORD                 Sale            6,339        3.3481 GBP
ORD                 Sale            8,743        3.3574 GBP
ORD                 Sale            11,580       3.3467 GBP
ORD                 Sale            12,764       3.3439 GBP
ORD                 Sale            24,763       3.3418 GBP
ORD                 Sale            34,038       3.3391 GBP
ORD                 Sale            49,174       3.3398 GBP
ORD                 Sale            59,416       3.3551 GBP
ORD                 Sale            69,320       3.3449 GBP
ORD                 Sale            154,370      3.3293 GBP
ORD                 Sale            347,472      3.3690 GBP
ORD                 Sale            373,682      3.3523 GBP

(b) Derivatives transactions (other than options)

Class of  Product      Nature of dealing  Number of   Price per
relevant   description                       reference    unit
security                                   securities   
ORD        SWAP          Long                500          3.3615 GBP
ORD        CFD           Long                3,957        3.3243 GBP
ORD        SWAP          Long                24,763       3.3418 GBP
ORD        CFD           Long                39,388       3.3531 GBP
ORD        SWAP          Long                47,845       3.3449 GBP
ORD        CFD           Long                124,980      3.3236 GBP
ORD        SWAP          Short               2,297        3.3397 GBP
ORD        CFD           Short               13,968       3.3321 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

Class of relevant  Product description  Number of   Exercise price per
security                                 securities   unit
ORD                 Call Options          1,363,800    3.85 GBP
ORD                 Put Options           1,363,800    3.2 GBP
ORD                 Call Options          2,727,600    3.85 GBP
ORD                 Put Options           2,727,600    3.2 GBP

(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

Is a Supplemental Form 8 (Open Positions) attached?  YES
Date of disclosure:                                   14 Nov 2012
Contact name:                                         Geoff Smith
Telephone number:                                     0203 555 4632

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       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     1,000,000    3.2000     American   15 Nov
                                                                          2012
ORD        Call          Written       -250,000     3.6000     American   15 Nov
           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.

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