XTA: J.P. Morgan Securities plc.: Form 8.5 (EPT/RI) Xstrata Plc

  XTA: J.P. Morgan Securities plc.: Form 8.5 (EPT/RI) Xstrata Plc

UK Regulatory Announcement

LONDON

                              FORM 8.5 (EPT/RI)

   PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED
           INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

                  Rule 8.5 of the Takeover Code (the “Code”)

1. KEY INFORMATION

(a) Name of exempt principal trader:                   J.P. Morgan Securities
                                                        plc
(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   Xstrata Plc
principal trader is connected:
(d) Date dealing undertaken:                           06 December 2012
(e) Has the EPT previously disclosed, or is it today
disclosing, under the Code in respect of any other     Yes
party to this offer?

2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER

(a) Purchases and sales

Class of    Purchases/   Total number    Highest price per      Lowest price
relevant   sales       of securities  unit paid/received    per unit
security                                                        paid/received
                         1,000           15.5500 CHF            15.5500 CHF
            Purchases
                         4,047,474       10.4350 GBP            10.2100 GBP
Ordinary    
Shares                                                    
            
                         869             15.4500 CHF            15.4500 CHF
            Sales
                         1,047,758       10.4450 GBP            10.2250 GBP

(b) Derivatives transactions (other than options)

                           Nature of dealing
Class of    Product                                     Number of
relevant   description   e.g. opening/closing a      reference    Price
security                   long/short position,         securities    per unit
            e.g. CFD       increasing/reducing a
                           long/short position
                                                                      10.3750
                                                                      GBP
                                                        2,081,000
                                                                      15.4488
                           Long                         869           CHF

                                                                    
Ordinary   Equity Swap                                           
Shares                                                 945           10.3582
                                                                      GBP
                           Short                        1,000,000
                                                                      10.3789
                                                        1,000         GBP

                                                                      15.5512
                                                                      CHF

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

                                                               Type                 Option
           Product       Writing,      Number of    Exercise                        money
Class of   description   purchasing,   securities   price      e.g.        Expiry   paid/
relevant  e.g. call    selling,     to which    per unit  American,  date    received
security   option        varying       option                  European             per unit
                         etc.          relates      (GBP)      etc.
                                                                                    (GBP)
Ordinary  Call Option  Selling      2,081,000   8.80      American   18 JAN  1.62
Shares                                                                     13

(ii) Exercising

                    Product
Class of relevant  description       Number of    Exercise price per unit
security                               securities    (GBP)
                    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 2(a), (b), (c) or (d) (as
appropriate) for each additional class of relevant security dealt in.

3. 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”

(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”

Date of disclosure:  07 December 2012
Contact name:        Michael Kirwan
Telephone number:    0207 134 6114

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.

Contact:

J.P. Morgan Securities plc.
 
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