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 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:                 19 December 2012
                                                            YES:

(e) Has the EPT previously disclosed, or is 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 controlled:   4,327,170    0.06%   37,401,011   0.53%
                                                                   
(2)              Derivatives (other
                 than
                 options):            36,869,132   0.52%   2,605,308    0.04%
                                                                   
(3)              Options and
                 agreements to
                 purchase/sell:       1,000,000    0.01%   250,000      0.00%
                                                                   
(4)              TOTAL:
                                      42,196,302   0.59%   40,256,319   0.57%

                                                                  
Class of                         Convertible Bond
relevant                        XS0475310396                         
security:
                                 Interests                    Short Positions
                               Number               (%)     Number    (%)
(1)          Relevant
             securities owned
             and/or              3,400,000            0.15%   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:
                                 3,400,000            0.15%   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   
Convertible Bond      Purchase        2,800,000    123.2500 USD
ORD                   Purchase        100          44.1000 HKD
ORD                   Purchase        100          44.2000 HKD
ORD                   Purchase        100          44.2500 HKD
ORD                   Purchase        116          3.5175 GBP
ORD                   Purchase        500          44.1500 HKD
ORD                   Purchase        700          43.9000 HKD
ORD                   Purchase        856          3.5364 GBP
ORD                   Purchase        1,100        43.8500 HKD
ORD                   Purchase        1,100        44.3000 HKD
ORD                   Purchase        2,400        43.9500 HKD
ORD                   Purchase        2,500        44.0000 HKD
ORD                   Purchase        3,700        44.0500 HKD
ORD                   Purchase        6,229        3.5212 GBP
ORD                   Purchase        7,943        3.5412 GBP
ORD                   Purchase        8,645        3.5265 GBP
ORD                   Purchase        10,606       3.5272 GBP
ORD                   Purchase        16,092       3.5293 GBP
ORD                   Purchase        18,072       3.5337 GBP
ORD                   Purchase        51,481       3.5381 GBP
ORD                   Purchase        55,000       3.5426 GBP
ORD                   Purchase        109,717      3.5295 GBP
ORD                   Purchase        205,037      3.5256 GBP
ORD                   Purchase        496,800      3.5307 GBP
ORD                   Purchase        738,309      3.5328 GBP
ORD                   Purchase        2,184,661    3.5350 GBP
ORD                   Sale            1,420        3.5135 GBP
ORD                   Sale            2,300        3.5154 GBP
ORD                   Sale            2,440        3.5142 GBP
ORD                   Sale            3,318        3.5366 GBP
ORD                   Sale            3,357        3.5150 GBP
ORD                   Sale            3,388        3.5175 GBP
ORD                   Sale            5,500        44.0390 HKD
ORD                   Sale            6,555        3.5369 GBP
ORD                   Sale            6,574        3.5295 GBP
ORD                   Sale            9,518        3.5294 GBP
ORD                   Sale            10,380       3.5262 GBP
ORD                   Sale            20,912       3.5180 GBP
ORD                   Sale            22,582       3.5327 GBP
ORD                   Sale            25,287       3.5427 GBP
ORD                   Sale            80,407       3.5247 GBP
ORD                   Sale            104,535      3.5500 GBP
ORD                   Sale            107,088      3.5349 GBP
ORD                   Sale            148,079      3.5307 GBP
ORD                   Sale            261,731      3.5102 GBP
ORD                   Sale            400,000      3.5364 GBP
ORD                   Sale            3,107,200    3.5345 GBP
ORD (traded as ADR)   Purchase        98           11.4300 USD
ORD (traded as ADR)   Purchase        5,000        11.3940 USD
ORD (traded as ADR)   Purchase        8,650        11.3300 USD
ORD (traded as ADR)   Sale            5,000        11.3940 USD
ORD (traded as ADR)   Sale            8,748        11.3311 USD

(b) Derivatives transactions (other than options)

Class of  Product      Nature of dealing  Number of   Price per
relevant   description                       reference    unit
security                                   securities   
ORD        CFD           Long                6,800        3.5196 GBP
ORD        CFD           Long                8,852        3.5144 GBP
ORD        CFD           Long                70,915       3.5253 GBP
ORD        CFD           Short               1,246        3.5462 GBP
ORD        CFD           Short               6,800        44.0639 HKD
ORD        CFD           Short               22,000       3.5253 GBP
ORD        CFD           Short               83,547       3.5251 GBP
ORD        CFD           Short               103,145      3.5281 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:                                   20 Dec 2012
Contact name:                                         Geoff Smith
Telephone number:                                     0203 555 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       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   21 Dec
                                                                          2012
ORD        Call          Written       -250,000     3.6000     American   21 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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