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

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

UK Regulatory Announcement

LONDON

                       FORM 8.5 (EPT/NON-RI) AMENDMENT

         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:                 30 November 2012
(e) Has the EPT previously disclosed, or is it today        YES: XSTRATA PLC
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                     ORD                                
security:
                                Interests                  Short Positions
                              Number             (%)     Number       (%)
(1)          Relevant
             securities owned
             and/or             3,776,838          0.06%   34,664,115   0.49%
             controlled:
                                                                   
(2)          Derivatives
             (other than
             options):          34,275,199         0.48%   2,578,516    0.04%
                                                                   
(3)          Options and
             agreements to
             purchase/sell:     1,000,000          0.01%   250,000      0.00%
                                                                   
(4)          TOTAL:
                                39,052,037         0.55%   37,492,631   0.53%
                                                                   
Class of                        Convertible Bond
relevant                       XS0475310396                          
security:
                                Interests                  Short Positions
                              Number             (%)     Number       (%)
(1)          Relevant
             securities owned
             and/or             1,400,000          0.06%   0            0.00%
             controlled:
                                                                   
(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:
                                1,400,000          0.06%   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        200          42.4000 HKD
ORD                 Purchase        500          42.1500 HKD
ORD                 Purchase        600          42.2500 HKD
ORD                 Purchase        900          42.3000 HKD
ORD                 Purchase        1,000        3.4180 GBP
ORD                 Purchase        4,669        3.4493 GBP
ORD                 Purchase        5,339        3.4595 GBP
ORD                 Purchase        6,809        3.4744 GBP
ORD                 Purchase        9,556        3.4616 GBP
ORD                 Purchase        13,621       3.4581 GBP
ORD                 Purchase        23,263       3.4689 GBP
ORD                 Purchase        27,808       3.4682 GBP
ORD                 Purchase        38,368       3.4550 GBP
ORD                 Purchase        48,978       3.4574 GBP
ORD                 Purchase        62,094       3.4476 GBP
ORD                 Purchase        71,344       3.4623 GBP
ORD                 Purchase        250,000      3.4734 GBP
ORD                 Purchase        260,494      3.4632 GBP
ORD                 Purchase        477,356      3.4527 GBP
ORD                 Sale            100          42.2500 HKD
ORD                 Sale            200          42.3000 HKD
ORD                 Sale            500          42.5000 HKD
ORD                 Sale            1,868        3.4543 GBP
ORD                 Sale            1,888        3.4846 GBP
ORD                 Sale            2,000        42.2475 HKD
ORD                 Sale            4,503        3.4782 GBP
ORD                 Sale            5,347        3.4567 GBP
ORD                 Sale            6,147        3.4740 GBP
ORD                 Sale            8,119        3.4780 GBP
ORD                 Sale            8,905        3.4597 GBP
ORD                 Sale            11,451       3.4680 GBP
ORD                 Sale            14,225       3.4576 GBP
ORD                 Sale            27,808       3.4683 GBP
ORD                 Sale            34,726       3.4571 GBP
ORD                 Sale            46,327       3.4550 GBP
ORD                 Sale            68,699       3.4657 GBP
ORD                 Sale            129,811      3.4645 GBP
ORD                 Sale            139,337      3.4625 GBP
ORD                 Sale            165,553      3.4603 GBP
ORD                 Sale            762,500      3.4542 GBP
ORD                 Sale            1,067,500    3.4612 GBP
ORD                 Sale            478,068      3.4527 GBP
ORD                 Sale            1,220,000    3.4482 GBP

(b) Derivatives transactions (other than options)

Class of            Product             Nature of  Number of   Price per
                                          dealing
relevant             description                      reference    unit
security                                            securities   
ORD                  CFD                  Long        600          42.3704
                                                                   HKD
ORD                  CFD                  Long        1,078        3.4516 GBP
ORD                  CFD                  Long        165,219      3.4601 GBP
ORD                  SWAP                 Long        2,440,000    3.4482 GBP
ORD                  SWAP                 Short       700          3.4360 GBP
ORD                  SWAP                 Short       1,000        3.4180 GBP
ORD                  CFD                  Short       7,339        3.4530 GBP
ORD                  CFD                  Short       59,394       3.4484 GBP
ORD                  CFD                  Short       250,000      3.4734 GBP
ORD                  SWAP                 Short       1,220,000    3.4482 GBP
NB: The below transactions which were
previously disclosed have been
cancelled
Class of             Product              Nature of   Number of    Price per
                                          dealing
relevant             description                      reference    unit
security                                            securities   
ORD                  CFD                  Short       250,000      3.4734 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:  4 Dec 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.

143221.01

                     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   2 Dec
                                                                          2012
ORD        Call          Written       -250,000     3.6000     American   2 Dec
           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
 
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