XTA: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) XSTRATA PLC

  XTA: BARCLAYS PLC: Form 8.5 (EPT/NON-RI) XSTRATA 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:                               XSTRATA 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:                  20 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?                                              GLENCORE INTL 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              17,014,032   0.57%   893,228       0.03%
                 controlled:
                                                                         
(2)              Derivatives
                 (other than
                 options):           441,949      0.01%   37,518,516    1.25%
                                                                         
(3)              Options and
                 agreements to
                 purchase/sell:      25,745,546   0.86%   3,350,416     0.11%
                                                                         
(4)              TOTAL:
                                     43,201,527   1.44%   41,762,160    1.39%

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        100          10.4795 GBP
ORD                 Purchase        865          10.4300 GBP
ORD                 Purchase        2,100        10.5000 GBP
ORD                 Purchase        2,330        10.5022 GBP
ORD                 Purchase        3,006        10.4903 GBP
ORD                 Purchase        5,187        10.4900 GBP
ORD                 Purchase        10,417       10.5104 GBP
ORD                 Purchase        16,607       10.4920 GBP
ORD                 Purchase        17,268       10.4909 GBP
ORD                 Purchase        28,199       10.4819 GBP
ORD                 Purchase        29,926       10.4998 GBP
ORD                 Purchase        38,242       10.4725 GBP
ORD                 Purchase        53,248       10.4800 GBP
ORD                 Purchase        112,422      10.4858 GBP
ORD                 Purchase        152,882      10.4981 GBP
ORD                 Purchase        413,048      10.4915 GBP
ORD                 Purchase        1,000,000    10.5095 GBP
ORD                 Sale            320          15.6500 CHF
ORD                 Sale            688          10.5000 GBP
ORD                 Sale            690          10.4700 GBP
ORD                 Sale            690          10.5223 GBP
ORD                 Sale            712          10.4370 GBP
ORD                 Sale            3,505        10.4780 GBP
ORD                 Sale            3,613        10.4914 GBP
ORD                 Sale            3,900        10.4900 GBP
ORD                 Sale            4,346        10.4630 GBP
ORD                 Sale            4,437        10.4734 GBP
ORD                 Sale            5,000        10.4625 GBP
ORD                 Sale            5,546        10.4295 GBP
ORD                 Sale            9,183        10.4716 GBP
ORD                 Sale            11,042       10.4452 GBP
ORD                 Sale            12,728       10.4300 GBP
ORD                 Sale            12,906       10.4909 GBP
ORD                 Sale            15,000       15.5500 CHF
ORD                 Sale            21,765       10.4286 GBP
ORD                 Sale            28,342       10.4787 GBP
ORD                 Sale            76,883       10.4816 GBP
ORD                 Sale            103,198      10.4621 GBP
ORD                 Sale            500,000      10.5042 GBP

(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                1,000        10.4435 GBP
ORD        SWAP          Long                1,100        10.4520 GBP
ORD        CFD           Long                15,320       15.5497 CHF
ORD        CFD           Long                19,105       10.4475 GBP
ORD        SWAP          Short               100          10.4802 GBP
ORD        CFD           Short               2,156        10.4967 GBP
ORD        CFD           Short               2,829        10.4643 GBP
ORD        SWAP          Short               3,700        10.4706 GBP
ORD        CFD           Short               8,970        10.5015 GBP
ORD        CFD           Short               33,258       10.5089 GBP
ORD        SWAP          Short               1,000,000    10.5095 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

                                                      YES
Is a Supplemental Form 8 (Open Positions) attached?  
                                                       

Date of disclosure:   21 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 person whose open positions are       BARCLAYS CAPITAL SECURITIES
being disclosed:                                  LTD
Name of offeror/offeree in relation to whose      XSTRATA 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     2,570,863    7.9303     European   18 Jun
                                                                          2013
ORD        Put Options   Purchased     500,000      8.0000     American   22 Dec
                                                                          2012
ORD        Put Options   Purchased     250,000      9.6000     American   22 Dec
                                                                          2012
ORD        Put Options   Written       -250,000     7.2000     American   22 Dec
                                                                          2012
ORD        Put Options   Written       -500,000     8.0000     American   22 Dec
                                                                          2012
ORD        Put Options   Written       -600,000     8.2000     American   22 Dec
                                                                          2012
ORD        Put Options   Written       -375,000     9.2000     American   22 Dec
                                                                          2012
ORD        Call          Purchased     500,000      11.0000    American   22 Dec
           Options                                                        2012
ORD        Call          Written       -1,000,000   12.0000    American   22 Dec
           Options                                                        2012
ORD        Call          Written       -625,416     12.0000    European   27 Feb
           Options                                                        2013
ORD        Equity        Purchased     21,924,683   20.5248               17 Jun
           Forward                                                        2013

                                     Number of               Type
Class of   Product       Written     securities   Exercise
relevant   description   or          to which     price      e.g.        Expiry
security   e.g. call     purchased   option or    per unit   American,   date
           option                    derivative              European
                                     relates                 etc.

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.

Contact:

BARCLAYS PLC