Goldman Sachs (EPT) Form 8.5 (EPT/NON-RI)

  Goldman Sachs (EPT) - Form 8.5 (EPT/NON-RI)

RNS Number : 2057S
GoldmanSachs International
28 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:            (GS) GOLDMAN SACHS
                                                INTERNATIONAL
(b) Name of offeror/offeree in relation to      GLENCORE INTERNATIONAL PLC
whose relevant securities this form relates:

 Use a separate form for each
offeror/offeree
(c) Name of the party to the offer with which   XSTRATA PLC
exempt principal trader is connected:
(d) Date position held/dealing undertaken:      27 November 2012
(e) Has the EPT previously disclosed, or is it  YES - disclosed previously for
today disclosing, under the Code in respect of  XSTRATA PLC
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


                                                 Interests     Short positions
                                               Number      %     Number    %
(1) Relevant securities owned and/or         15,034,726* 0.21*  170,141   0.00
controlled:
(2) Derivatives (other than options):             0      0.00      0      0.00
(3) Options and agreements to purchase/sell:      0      0.00  13,680,000 0.19
                                            15,034,726* 0.21* 13,850,141 0.19

 TOTAL:

*  (GS)  GOLDMAN  SACHS  INTERNATIONAL  resulting  position  includes  changes 
resulting from non-trade related activity.







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 security Purchase/sale Number of securities Price per unit

                                 
    USD 0.01 ordinary        Purchase                     800     3.3740 GBP
    USD 0.01 ordinary        Purchase                     100     3.3740 GBP
    USD 0.01 ordinary        Purchase                     100     3.3750 GBP
    USD 0.01 ordinary        Purchase                     100     3.3755 GBP
    USD 0.01 ordinary        Purchase                     100     3.3770 GBP
    USD 0.01 ordinary        Purchase                     100     3.3785 GBP
    USD 0.01 ordinary        Purchase                     100     3.3785 GBP
    USD 0.01 ordinary        Purchase                     100     3.3795 GBP
    USD 0.01 ordinary        Purchase                     100     3.3795 GBP
    USD 0.01 ordinary        Purchase                     253     3.3835 GBP
    USD 0.01 ordinary        Purchase                   1,500     3.3845 GBP
    USD 0.01 ordinary          Sale                       100     3.3790 GBP
    USD 0.01 ordinary          Sale                       100     3.3795 GBP
    USD 0.01 ordinary          Sale                       100     3.3795 GBP
    USD 0.01 ordinary          Sale                       100     3.3800 GBP
    USD 0.01 ordinary          Sale                       100     3.3805 GBP
    USD 0.01 ordinary          Sale                       100     3.3810 GBP
    USD 0.01 ordinary          Sale                       100     3.3810 GBP
    USD 0.01 ordinary          Sale                     1,300     3.3810 GBP
    USD 0.01 ordinary          Sale                       100     3.3815 GBP
    USD 0.01 ordinary          Sale                       200     3.3815 GBP
    USD 0.01 ordinary          Sale                     1,500     3.3815 GBP
    USD 0.01 ordinary          Sale                     1,700     3.3815 GBP
    USD 0.01 ordinary          Sale                     1,300     3.3815 GBP
    USD 0.01 ordinary          Sale                       300     3.3815 GBP
    USD 0.01 ordinary          Sale                       100     3.3820 GBP
    USD 0.01 ordinary          Sale                       100     3.3820 GBP
    USD 0.01 ordinary          Sale                     1,700     3.3820 GBP
    USD 0.01 ordinary          Sale                     1,700     3.3825 GBP
    USD 0.01 ordinary          Sale                     1,700     3.3825 GBP
    USD 0.01 ordinary          Sale                        46     3.3825 GBP
    USD 0.01 ordinary          Sale                       254     3.3825 GBP
    USD 0.01 ordinary          Sale                       100     3.3825 GBP
    USD 0.01 ordinary          Sale                       300     3.3830 GBP
    USD 0.01 ordinary          Sale                     1,700     3.3830 GBP
    USD 0.01 ordinary          Sale                     1,700     3.3830 GBP
    USD 0.01 ordinary          Sale                       100     3.3830 GBP
    USD 0.01 ordinary          Sale                     1,125     3.3830 GBP
    USD 0.01 ordinary          Sale                       300     3.3830 GBP
    USD 0.01 ordinary          Sale                       100     3.3830 GBP
    USD 0.01 ordinary          Sale                       168     3.3830 GBP
    USD 0.01 ordinary          Sale                       132     3.3830 GBP
    USD 0.01 ordinary          Sale                       528     3.3830 GBP
    USD 0.01 ordinary          Sale                       100     3.3830 GBP
    USD 0.01 ordinary          Sale                       300     3.3830 GBP
    USD 0.01 ordinary          Sale                     1,172     3.3830 GBP
    USD 0.01 ordinary          Sale                       100     3.3835 GBP
    USD 0.01 ordinary          Sale                       504     3.3835 GBP
    USD 0.01 ordinary          Sale                       598     3.3835 GBP
    USD 0.01 ordinary          Sale                       300     3.3835 GBP
    USD 0.01 ordinary          Sale                       200     3.3835 GBP
    USD 0.01 ordinary          Sale                        65     3.3835 GBP
    USD 0.01 ordinary          Sale                       902     3.3835 GBP
    USD 0.01 ordinary          Sale                     2,004     3.3840 GBP
    USD 0.01 ordinary          Sale                     1,500     3.3845 GBP
    USD 0.01 ordinary          Sale                     1,500     3.3845 GBP
    USD 0.01 ordinary          Sale                       300     3.3845 GBP
    USD 0.01 ordinary          Sale                       300     3.3845 GBP
    USD 0.01 ordinary          Sale                     1,500     3.3850 GBP
    USD 0.01 ordinary          Sale                     1,500     3.3850 GBP
    USD 0.01 ordinary          Sale                       300     3.3855 GBP
    USD 0.01 ordinary          Sale                       100     3.3860 GBP
    USD 0.01 ordinary          Sale                        98     3.3860 GBP
    USD 0.01 ordinary          Sale                     1,565     3.3860 GBP
    USD 0.01 ordinary          Sale                       300     3.3860 GBP
    USD 0.01 ordinary          Sale                       700     3.3865 GBP
    USD 0.01 ordinary          Sale                       800     3.3865 GBP
    USD 0.01 ordinary          Sale                       100     3.3865 GBP
    USD 0.01 ordinary          Sale                     1,500     3.3865 GBP
    USD 0.01 ordinary          Sale                     1,385     3.3870 GBP
    USD 0.01 ordinary          Sale                       100     3.3870 GBP
    USD 0.01 ordinary          Sale                       100     3.3875 GBP
    USD 0.01 ordinary          Sale                       100     3.3890 GBP
    USD 0.01 ordinary          Sale                       935     3.3960 GBP
    USD 0.01 ordinary          Sale                       209     3.3965 GBP
    USD 0.01 ordinary          Sale                       689     3.3965 GBP
    USD 0.01 ordinary          Sale                       921     3.3970 GBP
    USD 0.01 ordinary          Sale                     1,497     3.3970 GBP
    USD 0.01 ordinary          Sale                     1,499     3.3970 GBP
    USD 0.01 ordinary          Sale                        62     3.3970 GBP
    USD 0.01 ordinary          Sale                     1,102     3.3975 GBP
    USD 0.01 ordinary          Sale                       900     3.3975 GBP
    USD 0.01 ordinary          Sale                       553     3.3975 GBP
    USD 0.01 ordinary          Sale                       442     3.3975 GBP
    USD 0.01 ordinary          Sale                       364     3.4055 GBP
    USD 0.01 ordinary          Sale                       463     3.4055 GBP
    USD 0.01 ordinary          Sale                       800     3.4055 GBP
    USD 0.01 ordinary          Sale                       207     3.4055 GBP
    USD 0.01 ordinary          Sale                       367     3.4055 GBP
    USD 0.01 ordinary          Sale                    23,921     3.4062 GBP
    USD 0.01 ordinary          Sale                       318     3.4070 GBP
    USD 0.01 ordinary          Sale                       894     3.4080 GBP
    USD 0.01 ordinary          Sale                     1,191     3.4105 GBP
    USD 0.01 ordinary          Sale                       853     3.4105 GBP
    USD 0.01 ordinary          Sale                     1,090     3.4105 GBP
    USD 0.01 ordinary          Sale                       535     3.4130 GBP
    USD 0.01 ordinary          Sale                     1,431     3.4150 GBP
    USD 0.01 ordinary          Sale                     1,592     3.4150 GBP
    USD 0.01 ordinary          Sale                       321     3.4175 GBP
    USD 0.01 ordinary          Sale                     1,150     3.4175 GBP
    USD 0.01 ordinary          Sale                     1,051     3.4215 GBP
    USD 0.01 ordinary          Sale                     1,163     3.4215 GBP
    USD 0.01 ordinary          Sale                     2,227     3.4225 GBP
    USD 0.01 ordinary          Sale                       377     3.4255 GBP
    USD 0.01 ordinary          Sale                       377     3.4255 GBP
    USD 0.01 ordinary          Sale                     1,047     3.4315 GBP
    USD 0.01 ordinary          Sale                       881     3.4325 GBP





Class of relevant security Purchases/sales Total number of securities
    USD 0.01 ordinary         Purchases                         3,353
    USD 0.01 ordinary           Sales                          90,375



(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





(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.
USD 0.01 Call Option   Selling    600,000    3.7000  EUROPEAN  15/02/2013  0.0384
ordinary                                      GBP                           GBP
USD 0.01 Call Option   Selling   1,200,000   3.7000  EUROPEAN  15/02/2013  0.0384
ordinary                                      GBP                           GBP
USD 0.01 Call Option   Selling    400,000    3.7000  EUROPEAN  15/02/2013  0.0384
ordinary                                      GBP                           GBP
USD 0.01 Call Option   Selling    800,000    3.7000  EUROPEAN  15/02/2013  0.0384
ordinary                                      GBP                           GBP



(ii) Exercising



 Class of relevant  Product description      Number of      Exercise price per
     security                               securities             unit
                     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 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: 28 November 2012
        Contact name:       Audrey Malone and Darren Adam
        Telephone number:   +44(20) 7552 3836 / +44(20) 7051 4224



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.































  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   (GS) GOLDMAN, SACHS
disclosed:                                          INTERNATIONAL
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 Call Option  Selling     1,400,000     3.6000   EUROPEAN  21/12/2012
ordinary                                          GBP
USD 0.01 Call Option  Selling      570,000      3.8500   EUROPEAN  21/12/2012
ordinary                                          GBP
USD 0.01 Call Option  Selling      600,000      3.8500   EUROPEAN  21/12/2012
ordinary                                          GBP
USD 0.01 Call Option  Selling      600,000      3.7500   EUROPEAN  11/12/2012
ordinary                                          GBP
USD 0.01 Call Option  Selling      570,000      3.7500   EUROPEAN  11/12/2012
ordinary                                          GBP
USD 0.01 Call Option  Selling     1,200,000     3.7500   EUROPEAN  11/12/2012
ordinary                                          GBP
USD 0.01 Call Option  Selling      570,000      3.9500   EUROPEAN  10/01/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling      600,000      3.9500   EUROPEAN  10/01/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling     1,200,000     3.9500   EUROPEAN  10/01/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling      400,000      3.7500   EUROPEAN  11/12/2012
ordinary                                          GBP
USD 0.01 Call Option  Selling      400,000      3.7500   EUROPEAN  18/01/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling     1,000,000     3.8000   EUROPEAN  26/02/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling      400,000      3.8000   EUROPEAN  26/02/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling      600,000      3.8000   EUROPEAN  26/02/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling      570,000      3.8000   EUROPEAN  26/02/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling      600,000      3.7000   EUROPEAN  15/02/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling     1,200,000     3.7000   EUROPEAN  15/02/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling      400,000      3.7000   EUROPEAN  15/02/2013
ordinary                                          GBP
USD 0.01 Call Option  Selling      800,000      3.7000   EUROPEAN  15/02/2013
ordinary                                          GBP





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









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

END


FEOBPBBTMBBTBPT -0- Nov/28/2012 11:21 GMT
 
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