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:             9 January 2013
(e) Has the EPT previously disclosed, or is it today    YES: GLENCORE INTL PLC
disclosing, under the Code in respect of any other    
party to this offer?                                    

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:   16,459,154   0.55%   1,205,234    0.04%
                                                                   
(2)              Derivatives (other
                 than
                 options):            700,545      0.02%   36,788,799   1.23%
                                                                   
(3)              Options and
                 agreements to
                 purchase/sell:       24,831,446   0.83%   1,975,416    0.07%
                                                                   
(4)              TOTAL:
                                      41,991,145   1.40%   39,969,449   1.33%

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        580          11.5900 GBP
ORD                 Purchase        963          11.3260 GBP
ORD                 Purchase        1,265        11.3341 GBP
ORD                 Purchase        3,663        11.3954 GBP
ORD                 Purchase        4,850        11.3579 GBP
ORD                 Purchase        4,968        11.4722 GBP
ORD                 Purchase        5,071        11.4805 GBP
ORD                 Purchase        6,997        11.5500 GBP
ORD                 Purchase        8,500        11.6314 GBP
ORD                 Purchase        8,500        17.2000 CHF
ORD                 Purchase        9,000        11.5100 GBP
ORD                 Purchase        16,433       11.4433 GBP
ORD                 Purchase        43,557       11.3613 GBP
ORD                 Purchase        63,984       11.4550 GBP
ORD                 Purchase        81,240       11.4877 GBP
ORD                 Sale            143          11.3155 GBP
ORD                 Sale            245          17.2000 CHF
ORD                 Sale            820          11.3284 GBP
ORD                 Sale            1,408        11.4125 GBP
ORD                 Sale            1,623        11.4600 GBP
ORD                 Sale            1,796        11.3442 GBP
ORD                 Sale            5,204        11.6226 GBP
ORD                 Sale            5,731        11.3246 GBP
ORD                 Sale            6,353        11.4852 GBP
ORD                 Sale            7,540        11.5643 GBP
ORD                 Sale            8,469        11.5433 GBP
ORD                 Sale            11,467       16.9500 CHF
ORD                 Sale            11,959       11.5324 GBP
ORD                 Sale            17,900       11.3715 GBP
ORD                 Sale            18,400       16.8000 CHF
ORD                 Sale            19,854       16.8500 CHF
ORD                 Sale            20,226       11.5230 GBP
ORD                 Sale            25,509       11.5151 GBP
ORD                 Sale            33,048       11.5508 GBP
ORD                 Sale            41,018       11.5500 GBP
ORD                 Sale            42,900       11.3610 GBP
ORD                 Sale            51,332       11.4482 GBP
ORD                 Sale            73,293       11.5509 GBP
ORD                 Sale            380,000      11.5849 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                200          11.3638 GBP
ORD        CFD           Long                939          11.6291 GBP
ORD        CFD           Long                49,966       16.8537 CHF
ORD        CFD           Long                78,950       11.5422 GBP
ORD        CFD           Short               1,237        11.4799 GBP
ORD        CFD           Short               8,500        17.2025 CHF

(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:  10 Jan 2013
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.

143221.01

                     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        Call          Purchased     168,000      11.0346    European   16 May
           Options                                                        2013
ORD        Call          Purchased     167,900      11.1902    European   13 Mar
           Options                                                        2013
ORD        Put Options   Purchased     2,570,863    7.9303     European   18 Jun
                                                                          2013
ORD        Put Options   Written       -250,000     7.2000     American   11 Jan
                                                                          2013
ORD        Put Options   Written       -500,000     8.0000     American   11 Jan
                                                                          2013
ORD        Put Options   Written       -600,000     8.2000     American   11 Jan
                                                                          2013
ORD        Call          Written       -625,416     12.0000    European   27 Feb
           Options                                                        2013
ORD        Equity        Purchased     21,924,683   20.5248              17 Jun
           Forward                                                        2013

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