XTA: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) - XSTRATA PLC

  XTA: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) - XSTRATA 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:                              XSTRATA 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:                 20 Nov 2012
(e) Has the EPT previously disclosed, or is it today        YES:
disclosing, under the Code in respect of any other party  
to this offer?                                              GLENCORE INTL 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              2,407,632    0.08%   1,494,416     0.05%
                 controlled:
                                                                   
(2)              Derivatives
                 (other than
                 options):           569,591      0.02%   22,310,292    0.74%
                                                                   
(3)              Options and
                 agreements to
                 purchase/sell:      25,745,546   0.86%   3,350,416     0.11%
                                                                   
(4)              TOTAL:
                                     28,722,769   0.96%   27,155,124    0.90%

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        297          14.6000 CHF
ORD                 Purchase        504          14.4000 CHF
ORD                 Purchase        635          14.7000 CHF
ORD                 Purchase        739          14.3000 CHF
ORD                 Purchase        928          9.7425 GBP
ORD                 Purchase        1,497        9.6256 GBP
ORD                 Purchase        3,326        14.5000 CHF
ORD                 Purchase        4,607        9.6596 GBP
ORD                 Purchase        6,076        9.6226 GBP
ORD                 Purchase        12,396       9.7244 GBP
ORD                 Purchase        13,410       9.8660 GBP
ORD                 Purchase        21,800       9.7058 GBP
ORD                 Purchase        22,581       9.7585 GBP
ORD                 Purchase        25,847       9.6787 GBP
ORD                 Purchase        28,210       9.7700 GBP
ORD                 Purchase        102,648      9.7483 GBP
ORD                 Purchase        190,000      9.7653 GBP
ORD                 Purchase        335,828      9.7477 GBP
ORD                 Sale            100          14.3000 CHF
ORD                 Sale            483          14.7000 CHF
ORD                 Sale            500          14.2000 CHF
ORD                 Sale            1,075        14.2500 CHF
ORD                 Sale            1,661        9.6313 GBP
ORD                 Sale            1,709        9.7944 GBP
ORD                 Sale            3,153        9.9098 GBP
ORD                 Sale            3,933        9.8974 GBP
ORD                 Sale            5,251        14.4500 CHF
ORD                 Sale            5,357        14.6000 CHF
ORD                 Sale            5,589        9.6576 GBP
ORD                 Sale            5,800        9.7788 GBP
ORD                 Sale            6,623        14.7500 CHF
ORD                 Sale            7,593        9.6395 GBP
ORD                 Sale            8,382        9.6502 GBP
ORD                 Sale            10,268       9.6524 GBP
ORD                 Sale            12,938       9.9185 GBP
ORD                 Sale            13,410       9.8660 GBP
ORD                 Sale            14,041       9.7221 GBP
ORD                 Sale            19,758       14.8000 CHF
ORD                 Sale            20,577       9.6482 GBP
ORD                 Sale            22,559       9.7253 GBP
ORD                 Sale            27,834       9.7551 GBP
ORD                 Sale            31,807       9.7767 GBP
ORD                 Sale            60,762       9.8641 GBP
ORD                 Sale            137,296      9.7550 GBP
ORD                 Sale            150,000      9.6078 GBP
ORD                 Sale            292,156      9.7236 GBP
ORD                 Sale            444,773      9.8011 GBP
ORD                 Sale            624,172      9.7185 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                4            9.8725 GBP
ORD        SWAP          Long                13           9.7576 GBP
ORD        SWAP          Long                1,281        9.6796 GBP
ORD        CFD           Long                1,819        9.8551 GBP
ORD        SWAP          Long                2,700        9.8702 GBP
ORD        SWAP          Long                6,416        9.7619 GBP
ORD        CFD           Long                6,656        9.6134 GBP
ORD        CFD           Long                19,727       9.6471 GBP
ORD        CFD           Long                39,147       14.6897 CHF
ORD        CFD           Long                436,364      9.6078 GBP
ORD        SWAP          Long                436,364      9.6078 GBP
ORD        SWAP          Short               846          9.6758 GBP
ORD        SWAP          Short               3,716        9.6711 GBP
ORD        CFD           Short               5,501        14.4946 CHF
ORD        CFD           Short               11,880       9.6985 GBP
ORD        CFD           Short               19,501       9.6130 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

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

Date of disclosure:  21 Nov 2012
Contact name:        Geoff Smith
Telephone number:    020 3555 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 being   RCLAYS CAPITAL SECURITIES
disclosed:                                           LTD
Name of offeror/offeree in relation to whose         XSTRATA 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     2,570,863    7.9303     European   18 Jun
                                                                          2013
ORD        Put Options   Purchased     500,000      8.0000     American   22 Nov
                                                                          2012
ORD        Put Options   Purchased     250,000      9.6000     American   22 Nov
                                                                          2012
ORD        Put Options   Written       -250,000     7.2000     American   22 Nov
                                                                          2012
ORD        Put Options   Written       -500,000     8.0000     American   22 Nov
                                                                          2012
ORD        Put Options   Written       -600,000     8.2000     American   22 Nov
                                                                          2012
ORD        Put Options   Written       -375,000     9.2000     American   22 Nov
                                                                          2012
ORD        Call          Purchased     500,000      11.0000    American   22 Nov
           Options                                                        2012
ORD        Call          Written       -1,000,000   12.0000    American   22 Nov
           Options                                                        2012
ORD        Call          Written       -625,416     12.0000    European   27 Feb
           Options                                                        2013
ORD        Equity        Purchased     21,924,683   20.5248              17 Jun
           Forward                                                        2013

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
 
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