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:                 15 Jan 2013
(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             4,054,117        0.06%   41,982,592    0.59%
             controlled:
                                                                  
(2)          Derivatives
             (other than
             options):          41,447,632       0.58%   2,307,285     0.03%
                                                                  
(3)          Options and
             agreements to
             purchase/sell:     0                0.00%   0             0.00%
                                                                  
(4)          TOTAL:
                                45,501,749       0.64%   44,289,877    0.62%
                                                                             
Class of                        Convertible
relevant                       Bond                                 
security:                       XS0475310396
                                Interests               Short         
                                                         Positions
                              Number           (%)     Number        (%)
(1)          Relevant
             securities owned
             and/or             3,100,000        0.13%   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:
                                3,100,000        0.13%   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              50           3.9340 GBP
ORD                 Purchase              132          3.9151 GBP
ORD                 Purchase              300          48.6500 HKD
ORD                 Purchase              1,253        3.9277 GBP
ORD                 Purchase              1,558        3.9280 GBP
ORD                 Purchase              2,700        48.5500 HKD
ORD                 Purchase              3,126        3.9368 GBP
ORD                 Purchase              5,000        3.9439 GBP
ORD                 Purchase              5,200        3.9478 GBP
ORD                 Purchase              5,697        3.9466 GBP
ORD                 Purchase              5,900        48.5000 HKD
ORD                 Purchase              6,827        3.9491 GBP
ORD                 Purchase              6,866        3.9295 GBP
ORD                 Purchase              7,798        3.9329 GBP
ORD                 Purchase              7,907        3.9450 GBP
ORD                 Purchase              12,051       3.9423 GBP
ORD                 Purchase              22,763       3.9387 GBP
ORD                 Purchase              22,800       48.6000 HKD
ORD                 Purchase              28,086       3.9286 GBP
ORD                 Purchase              34,595       3.9420 GBP
ORD                 Purchase              52,282       3.9314 GBP
ORD                 Purchase              73,610       3.9270 GBP
ORD                 Purchase              94,523       3.9406 GBP
ORD                 Purchase              142,877      3.9580 GBP
ORD                 Purchase              142,877      3.9660 GBP
ORD                 Purchase              269,921      3.9309 GBP
ORD                 Purchase              285,754      3.9675 GBP
ORD                 Sale                  100          48.6500 HKD
ORD                 Sale                  200          48.5000 HKD
ORD                 Sale                  254          3.9387 GBP
ORD                 Sale                  400          48.6000 HKD
ORD                 Sale                  872          3.9698 GBP
ORD                 Sale                  2,480        3.9274 GBP
ORD                 Sale                  3,719        3.9331 GBP
ORD                 Sale                  6,653        3.9465 GBP
ORD                 Sale                  7,039        3.9376 GBP
ORD                 Sale                  12,458       3.9636 GBP
ORD                 Sale                  14,043       3.9600 GBP
ORD                 Sale                  19,777       3.9414 GBP
ORD                 Sale                  27,942       3.9411 GBP
ORD                 Sale                  31,176       3.9639 GBP
ORD                 Sale                  31,700       48.5776 HKD
ORD                 Sale                  46,018       3.9461 GBP
ORD                 Sale                  48,369       3.9379 GBP
ORD                 Sale                  57,585       3.9466 GBP
ORD                 Sale                  78,064       3.9673 GBP
ORD                 Sale                  142,466      3.9556 GBP
ORD                 Sale                  142,631      3.9477 GBP
ORD                 Sale                  191,580      3.9476 GBP
ORD                 Sale                  209,430      3.9270 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                100          48.5403 HKD
ORD        CFD           Long                600          48.5152 HKD
ORD        CFD           Long                8,177        3.9493 GBP
ORD        CFD           Long                50,000       3.9648 GBP
ORD        CFD           Long                78,064       3.9673 GBP
ORD        CFD           Long                227,166      3.9621 GBP
ORD        SWAP          Short               49           3.9287 GBP
ORD        CFD           Short               132          3.9151 GBP
ORD        CFD           Short               3,700        3.9517 GBP
ORD        CFD           Short               4,018        3.9664 GBP
ORD        CFD           Short               4,169        3.9323 GBP
ORD        CFD           Short               12,221       3.9305 GBP
ORD        CFD           Short               40,240       3.9279 GBP

NB: The below transactions which were                           
previously disclosed have been cancelled
Class of            Product               Nature of   Number of    Price per
                                           dealing
relevant             description                       reference    unit
security                                             securities   
ORD                  CFD                   Long        113,583      3.9621
                                                                    GBP
ORD                  CFD                   Short       20,120       3.9279
                                                                    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?  NO

Date of disclosure:  16 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.

Contact:

BARCLAYS PLC
 
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