BNP Paribas London Form 8.5 (EPT/NON-RI) glencore

  BNP Paribas London - Form 8.5 (EPT/NON-RI) glencore

RNS Number : 6087R
BNP Paribas London
20 November 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:          19/11/2012
(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             766,601  0.01    0,00    0.00
controlled:
(2) Derivatives (other than options):            368,784  0.01 6,814,281  0.10
(3)Options and agreements to purchase/sell:     6,270,000 0.09   45,000   0.00

                                                7,405,385 0.10 6,859,281  0.10
 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             1,069             3.2725
USD 0.01 ordinary shares   Purchase             17,700            3.2721
USD 0.01 ordinary shares   Purchase              739              3.2710
USD 0.01 ordinary shares   Purchase             2,615             3.2705
USD 0.01 ordinary shares   Purchase             2,566             3.2700
USD 0.01 ordinary shares   Purchase              691              3.2695
USD 0.01 ordinary shares   Purchase             3,519             3.2690
USD 0.01 ordinary shares   Purchase             11,771            3.2685
USD 0.01 ordinary shares   Purchase             2,726             3.2680
USD 0.01 ordinary shares   Purchase             3,730             3.2670
USD 0.01 ordinary shares   Purchase             12,909            3.2665
USD 0.01 ordinary shares   Purchase             2,478             3.2660
USD 0.01 ordinary shares   Purchase             1,591             3.2655
USD 0.01 ordinary shares   Purchase             1,421             3.2650
USD 0.01 ordinary shares   Purchase              144              3.2640
USD 0.01 ordinary shares   Purchase             1,691             3.2635
USD 0.01 ordinary shares   Purchase             1,903             3.2630
USD 0.01 ordinary shares   Purchase             1,481             3.2625
USD 0.01 ordinary shares   Purchase             8,375             3.2620
USD 0.01 ordinary shares   Purchase             1,100             3.2610
USD 0.01 ordinary shares   Purchase             3,523             3.2605
USD 0.01 ordinary shares   Purchase              499              3.2600
USD 0.01 ordinary shares   Purchase             4,745             3.2595
USD 0.01 ordinary shares   Purchase             1,599             3.2590
USD 0.01 ordinary shares   Purchase             4,937             3.2585
USD 0.01 ordinary shares   Purchase             5,467             3.2580
USD 0.01 ordinary shares   Purchase             8,795             3.2575
USD 0.01 ordinary shares   Purchase             6,323             3.2570
USD 0.01 ordinary shares   Purchase             8,024             3.2565
USD 0.01 ordinary shares   Purchase              986              3.2560
USD 0.01 ordinary shares   Purchase              673              3.2555
USD 0.01 ordinary shares   Purchase             7,299             3.2550
USD 0.01 ordinary shares   Purchase             3,199             3.2545
USD 0.01 ordinary shares   Purchase             2,779             3.2540
USD 0.01 ordinary shares   Purchase              942              3.2535
USD 0.01 ordinary shares   Purchase             1,772             3.2525
USD 0.01 ordinary shares   Purchase             4,123             3.2520
USD 0.01 ordinary shares   Purchase             1,969             3.2510
USD 0.01 ordinary shares   Purchase             3,124             3.2500
USD 0.01 ordinary shares   Purchase              607              3.2495
USD 0.01 ordinary shares   Purchase             9,401             3.2490
USD 0.01 ordinary shares   Purchase             2,207             3.2485
USD 0.01 ordinary shares   Purchase             2,811             3.2480
USD 0.01 ordinary shares   Purchase             5,036             3.2475
USD 0.01 ordinary shares   Purchase             6,395             3.2470
USD 0.01 ordinary shares   Purchase             2,709             3.2465
USD 0.01 ordinary shares   Purchase             1,232             3.2460
USD 0.01 ordinary shares   Purchase             5,295             3.2455
USD 0.01 ordinary shares   Purchase             6,383             3.2445
USD 0.01 ordinary shares   Purchase             4,478             3.2440
USD 0.01 ordinary shares   Purchase              934              3.2435
USD 0.01 ordinary shares   Purchase              490              3.2425
USD 0.01 ordinary shares   Purchase             2,383             3.2420
USD 0.01 ordinary shares   Purchase             9,937             3.2415
USD 0.01 ordinary shares   Purchase             4,069             3.2405
USD 0.01 ordinary shares   Purchase             7,638             3.2400
USD 0.01 ordinary shares   Purchase             4,203             3.2385
USD 0.01 ordinary shares   Purchase             1,244             3.2380
USD 0.01 ordinary shares   Purchase             1,975             3.2375
USD 0.01 ordinary shares   Purchase             4,116             3.2370
USD 0.01 ordinary shares   Purchase              750              3.2365
USD 0.01 ordinary shares   Purchase             1,773             3.2360
USD 0.01 ordinary shares   Purchase             3,481             3.2350
USD 0.01 ordinary shares   Purchase             2,409             3.2345
USD 0.01 ordinary shares   Purchase             1,147             3.2325
USD 0.01 ordinary shares   Purchase             4,605             3.2320
USD 0.01 ordinary shares   Purchase             7,431             3.2315
USD 0.01 ordinary shares   Purchase              305              3.2310
USD 0.01 ordinary shares   Purchase              420              3.2305
USD 0.01 ordinary shares   Purchase              522              3.2300
USD 0.01 ordinary shares   Purchase              582              3.2295
USD 0.01 ordinary shares   Purchase              266              3.2290
USD 0.01 ordinary shares   Purchase              639              3.2285
USD 0.01 ordinary shares   Purchase              347              3.2280
USD 0.01 ordinary shares   Purchase              540              3.2275
USD 0.01 ordinary shares   Purchase              863              3.2265
USD 0.01 ordinary shares   Purchase              979              3.2260
                           Total               262,799
USD 0.01 ordinary shares   Sales                 541              3.2700
USD 0.01 ordinary shares   Sales               158,600            3.2680
USD 0.01 ordinary shares   Sales                2,729             3.2670
USD 0.01 ordinary shares   Sales                 924              3.2630
USD 0.01 ordinary shares   Sales                  8               3.2625
USD 0.01 ordinary shares   Sales                 959              3.2615
USD 0.01 ordinary shares   Sales                1,305             3.2610
USD 0.01 ordinary shares   Sales                 731              3.2605
USD 0.01 ordinary shares   Sales                1,135             3.2585
USD 0.01 ordinary shares   Sales                2,587             3.2580
USD 0.01 ordinary shares   Sales               158,600            3.2579
USD 0.01 ordinary shares   Sales                1,248             3.2575
USD 0.01 ordinary shares   Sales                1,056             3.2530
USD 0.01 ordinary shares   Sales                1,800             3.2525
USD 0.01 ordinary shares   Sales                 162              3.2485
USD 0.01 ordinary shares   Sales                2,899             3.2475
USD 0.01 ordinary shares   Sales                1,668             3.2470
USD 0.01 ordinary shares   Sales                3,323             3.2465
USD 0.01 ordinary shares   Sales                2,217             3.2460
USD 0.01 ordinary shares   Sales                3,757             3.2455
USD 0.01 ordinary shares   Sales                3,080             3.2450
USD 0.01 ordinary shares   Sales                7,078             3.2440
USD 0.01 ordinary shares   Sales                1,828             3.2435
USD 0.01 ordinary shares   Sales                3,235             3.2425
USD 0.01 ordinary shares   Sales                 852              3.2420
USD 0.01 ordinary shares   Sales                 536              3.2415
USD 0.01 ordinary shares   Sales                 579              3.2410
                           Total               363,437



(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:             20 November 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         5,000        2.80        E     21/12/2012
shares
USD 0.01
ordinary     Put        Buy       4,210,000      3.20        E     21/12/2012
shares
USD 0.01
ordinary    Call        Buy         5,000        3.20        E     21/12/2012
shares
USD 0.01
ordinary    Call        Buy         10,000       3.20        E     21/12/2012
shares
USD 0.01
ordinary     Put        Buy       1,000,000      3.40        E     21/12/2012
shares
USD 0.01
ordinary    Call        Buy       1,015,000      3.40        E     21/12/2012
shares
USD 0.01
ordinary    Call        Buy         15,000       3.60        E     21/12/2012
shares
USD 0.01
ordinary    Call        Buy         10,000       2.80        E     15/03/2013
shares
USD 0.01
ordinary    Call        Sell        10,000       2.80        E     15/03/2013
shares
USD 0.01
ordinary     Put        Sell        35,000       3.00        E     15/03/2013
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


FEOPGGQGGUPPGAU -0- Nov/20/2012 15:21 GMT
 
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