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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      GLENCORE INTL PLC
      whose
      relevant securities this form relates:       
(c)   Name of the party to the offer with which   Advisor to Offeree
      exempt
      principal trader is connected                
(d)   Date position held/dealing undertaken:      6 December 2012
(e)   Has the EPT previously disclosed, or is     YES:
      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             5,408,201         0.08%   36,335,007    0.51%
             controlled:
                                                                         
(2)          Derivatives
             (other than
             options):          35,739,288        0.50%   3,032,312     0.04%
                                                                         
(3)          Options and
             agreements to
             purchase/sell:     1,000,000         0.01%   250,000       0.00%
                                                                         
(4)          TOTAL:
                                42,147,489        0.59%   39,617,319    0.56%
                                                                         
Class of                        Convertible
relevant                        Bond                                     
security:                       XS0475310396
                                Interests                 Short          
                                                          Positions
                                Number            (%)     Number        (%)
(1)          Relevant
             securities owned
             and/or             1,800,000         0.08%   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:
                                1,800,000         0.08%   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          3.4635 GBP
ORD                 Purchase        533          3.4428 GBP
ORD                 Purchase        1,000        42.1000 HKD
ORD                 Purchase        2,500        42.0500 HKD
ORD                 Purchase        2,700        3.4410 GBP
ORD                 Purchase        3,354        3.4570 GBP
ORD                 Purchase        3,516        3.4452 GBP
ORD                 Purchase        8,061        3.4492 GBP
ORD                 Purchase        8,372        3.4466 GBP
ORD                 Purchase        9,077        3.4306 GBP
ORD                 Purchase        12,482       3.4566 GBP
ORD                 Purchase        15,879       3.4513 GBP
ORD                 Purchase        19,406       3.4517 GBP
ORD                 Purchase        25,739       3.4532 GBP
ORD                 Purchase        39,783       3.4465 GBP
ORD                 Purchase        67,907       3.4476 GBP
ORD                 Purchase        83,472       3.4480 GBP
ORD                 Purchase        107,895      3.4519 GBP
ORD                 Purchase        130,201      3.4463 GBP
ORD                 Purchase        174,457      3.4418 GBP
ORD                 Purchase        275,000      3.4258 GBP
ORD                 Purchase        519,508      3.4490 GBP
ORD                 Sale            78           3.4555 GBP
ORD                 Sale            193          3.4285 GBP
ORD                 Sale            455          3.4408 GBP
ORD                 Sale            815          3.4515 GBP
ORD                 Sale            1,000        42.1000 HKD
ORD                 Sale            1,403        3.4625 GBP
ORD                 Sale            2,500        3.4665 GBP
ORD                 Sale            3,030        3.4281 GBP
ORD                 Sale            4,217        3.4302 GBP
ORD                 Sale            6,000        3.4605 GBP
ORD                 Sale            6,300        3.4651 GBP
ORD                 Sale            6,429        3.4316 GBP
ORD                 Sale            20,232       3.4480 GBP
ORD                 Sale            21,020       3.4570 GBP
ORD                 Sale            44,848       3.4489 GBP
ORD                 Sale            50,051       3.4464 GBP
ORD                 Sale            55,000       3.4599 GBP
ORD                 Sale            94,000       3.4629 GBP
ORD                 Sale            102,662      3.4484 GBP
ORD                 Sale            139,381      3.4468 GBP
ORD                 Sale            194,406      3.4425 GBP
ORD                 Sale            278,685      3.4355 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                600          3.4685 GBP
ORD        CFD           Long                2,500        3.4156 GBP
ORD        CFD           Long                4,254        3.4500 GBP
ORD        SWAP          Long                8,800        3.4655 GBP
ORD        CFD           Long                10,822       3.4272 GBP
ORD        CFD           Long                31,704       3.4555 GBP
ORD        CFD           Short               2,500        42.1008 HKD
ORD        CFD           Short               6,508        3.4521 GBP
ORD        CFD           Short               11,519       3.4404 GBP
ORD        SWAP          Short               25,739       3.4532 GBP
ORD        SWAP          Short               36,858       3.4478 GBP
ORD        CFD           Short               78,216       3.4462 GBP
ORD        SWAP          Short               107,690      3.4472 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:   7 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.

                     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 the person whose positions/dealings   BARCLAYS CAPITAL SECURITIES
                                                  LTD
are being disclosed:                               
Name of offeror/offeree in relation to whose      GLENCORE INTL PLC
relevant securities this from 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   8 Dec
                                                                          2012
ORD        Call          Written       -250,000     3.6000     American   8 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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