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)

         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:                 21 DEC 2012
(e) Has the EPT previously disclosed, or is it today        YES:
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             4,363,032        0.06%   37,900,916    0.53%
             controlled:
                                                                  
(2)          Derivatives
             (other than
             options):          37,354,582       0.53%   2,503,527     0.04%
                                                                  
(3)          Options and
             agreements to
             purchase/sell:     0                0.00%   0             0.00%
                                                                  
(4)          TOTAL:
                                41,717,614       0.59%   40,404,443    0.57%
                                                                             
Class of                        Convertible
relevant                       Bond                                 
security:                       XS0475310396
                                Interests               Short         
                                                         Positions
                              Number           (%)     Number        (%)
(1)          Relevant
             securities owned
             and/or             3,400,000        0.14%   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        0.14%   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

(a)                Purchases and sales             
Class of relevant   Purchase/sale         Number of    Price per unit
security                                 securities   
ORD                 Purchase              100          43.8000 HKD
ORD                 Purchase              192          3.4770 GBP
ORD                 Purchase              800          43.6375 HKD
ORD                 Purchase              1,056        3.4899 GBP
ORD                 Purchase              1,200        43.6500 HKD
ORD                 Purchase              1,500        43.5000 HKD
ORD                 Purchase              1,955        3.4757 GBP
ORD                 Purchase              2,000        43.4000 HKD
ORD                 Purchase              2,700        43.5500 HKD
ORD                 Purchase              3,122        3.4894 GBP
ORD                 Purchase              2,500        43.8820 HKD
ORD                 Purchase              5,264        3.5172 GBP
ORD                 Purchase              8,953        3.4513 GBP
ORD                 Purchase              9,163        3.4607 GBP
ORD                 Purchase              10,071       3.4606 GBP
ORD                 Purchase              25,000       3.5000 GBP
ORD                 Purchase              30,558       3.5155 GBP
ORD                 Purchase              49,817       3.4814 GBP
ORD                 Purchase              111,732      3.4613 GBP
ORD                 Purchase              256,926      3.4674 GBP
ORD                 Purchase              278,761      3.4785 GBP
ORD                 Sale                  100          43.6000 HKD
ORD                 Sale                  100          43.6500 HKD
ORD                 Sale                  100          43.8000 HKD
ORD                 Sale                  160          3.4950 GBP
ORD                 Sale                  200          43.9000 HKD
ORD                 Sale                  420          3.4764 GBP
ORD                 Sale                  600          43.5500 HKD
ORD                 Sale                  705          3.4885 GBP
ORD                 Sale                  900          43.8500 HKD
ORD                 Sale                  1,300        43.9500 HKD
ORD                 Sale                  1,535        3.4757 GBP
ORD                 Sale                  2,132        3.5155 GBP
ORD                 Sale                  5,856        3.4811 GBP
ORD                 Sale                  9,308        3.4673 GBP
ORD                 Sale                  9,888        3.4604 GBP
ORD                 Sale                  12,683       3.4708 GBP
ORD                 Sale                  6,500        43.5176 HKD
ORD                 Sale                  13,500       3.5010 GBP
ORD                 Sale                  15,257       3.4890 GBP
ORD                 Sale                  19,100       3.5016 GBP
ORD                 Sale                  25,000       3.5000 GBP
ORD                 Sale                  34,212       3.4789 GBP
ORD                 Sale                  36,853       3.5075 GBP
ORD                 Sale                  43,791       3.4731 GBP
ORD                 Sale                  65,722       3.4913 GBP
ORD                 Sale                  66,903       3.4660 GBP
ORD                 Sale                  92,203       3.5145 GBP
ORD                 Sale                  100,492      3.4893 GBP
ORD                 Sale                  139,381      3.5135 GBP
ORD                 Sale                  187,846      3.4498 GBP
ORD                 Sale                  299,132      3.4633 GBP

(b)       Derivatives transactions                          
           (other than options)
Class of   Product                       Nature of   Number of    Price per
                                         dealing
relevant   description                               reference    unit
security                                           securities   
ORD        SWAP                          Long        3,460        3.4995 GBP
ORD        CFD                           Long        6,985        3.4730 GBP
ORD        CFD                           Long        13,495       3.4782 GBP
ORD        SWAP                          Long        32,600       3.5013 GBP
ORD        SWAP                          Long        85,500       3.5058 GBP
ORD        CFD                           Long        89,278       3.4691 GBP
ORD        SWAP                          Long        187,846      3.4498 GBP
ORD        CFD                           Long        251,696      3.4616 GBP
ORD        CFD                           Short       100          43.8588 HKD
ORD        CFD                           Short       900          43.5559 HKD
ORD        CFD                           Short       20,184       3.4936 GBP
ORD        CFD                           Short       30,881       3.4744 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class     Product      Writing,     Number      Exercise  Type      Expiry    Option
of         description   purchasing,   of           price                 date       money
relevant                 selling,      securities   per unit                         paid/
security                 varying etc   to which                                      received
                                       option                                        per unit
                                    relates                                    
           Call                                                           21
ORD        Options       Purchasing    250,000      360 GBP    American   December   TRANSFER
                                                                          2012
                                                                          21
ORD        Put Options   Selling       1,000,000    320 GBP    American   December   TRANSFER
                                                                          2012

(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?  NO

Date of disclosure:  28 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.

Contact:

BARCLAYS PLC
 
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