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:                  21 February 2013
(e) Has the EPT previously disclosed, or is it today        YES: XSTRATA 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             4,545,774          0.06%   46,926,809   0.66%
             controlled:
                                                                         
(2)          Derivatives
             (other than
             options):          42,849,200         0.60%   3,151,641    0.04%
                                                                         
(3)          Options and
             agreements to
             purchase/sell:     0                  0.00%   0            0.00%
                                                                         
(4)          TOTAL:
                                47,394,974         0.67%   50,078,450   0.71%
                                                                         
Class of                        Convertible Bond
relevant                        XS0475310396                             
security:
                                Interests                  Short Positions
                                Number             (%)     Number       (%)
(1)          Relevant
             securities owned
             and/or             6,900,000          0.30%   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:
                                6,900,000          0.30%   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        2,500,000    121.0000 USD
ORD                 Purchase        100          46.1500 HKD
ORD                 Purchase        1,000        3.6985 GBP
ORD                 Purchase        2,919        3.6989 GBP
ORD                 Purchase        14,127       3.7477 GBP
ORD                 Purchase        40,996       3.7051 GBP
ORD                 Purchase        52,745       3.7089 GBP
ORD                 Purchase        82,655       3.7274 GBP
ORD                 Purchase        94,934       3.7025 GBP
ORD                 Purchase        100,903      3.7134 GBP
ORD                 Purchase        109,100      45.0524 HKD
ORD                 Purchase        159,203      3.7077 GBP
ORD                 Purchase        168,864      3.7047 GBP
ORD                 Purchase        203,642      3.7024 GBP
ORD                 Purchase        247,884      3.7049 GBP
ORD                 Purchase        272,349      3.7070 GBP
ORD                 Purchase        300,828      3.6996 GBP
ORD                 Purchase        373,166      3.6990 GBP
ORD                 Purchase        400,000      3.7016 GBP
ORD                 Purchase        459,254      3.7133 GBP
ORD                 Purchase        466,616      3.7011 GBP
ORD                 Purchase        977,378      3.7022 GBP
ORD                 Sale            320          3.7010 GBP
ORD                 Sale            587          3.7160 GBP
ORD                 Sale            879          3.6950 GBP
ORD                 Sale            1,000        3.6985 GBP
ORD                 Sale            1,600        45.4000 HKD
ORD                 Sale            3,362        3.7023 GBP
ORD                 Sale            4,200        44.9500 HKD
ORD                 Sale            4,829        3.7100 GBP
ORD                 Sale            5,100        45.1500 HKD
ORD                 Sale            5,747        3.7146 GBP
ORD                 Sale            6,600        44.9000 HKD
ORD                 Sale            8,200        44.7500 HKD
ORD                 Sale            8,400        44.8500 HKD
ORD                 Sale            9,000        45.0500 HKD
ORD                 Sale            9,217        3.7003 GBP
ORD                 Sale            12,649       3.7019 GBP
ORD                 Sale            15,378       3.7130 GBP
ORD                 Sale            18,700       45.0000 HKD
ORD                 Sale            19,200       44.8000 HKD
ORD                 Sale            22,554       3.7087 GBP
ORD                 Sale            28,475       3.6913 GBP
ORD                 Sale            39,320       3.7126 GBP
ORD                 Sale            39,555       3.7131 GBP
ORD                 Sale            55,449       3.7025 GBP
ORD                 Sale            60,732       3.7016 GBP
ORD                 Sale            73,000       45.1000 HKD
ORD                 Sale            101,554      3.7022 GBP
ORD                 Sale            142,522      3.7012 GBP
ORD                 Sale            168,153      3.7033 GBP
ORD                 Sale            249,600      3.7122 GBP
ORD                 Sale            356,905      3.7110 GBP
ORD                 Sale            357,653      3.7070 GBP
ORD                 Sale            523,532      3.7040 GBP
ORD                 Sale            850,000      3.7035 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                864          3.6912 GBP
ORD        CFD           Long                1,000        44.9920 HKD
ORD        CFD           Long                3,070        3.6995 GBP
ORD        CFD           Long                43,900       44.8404 HKD
ORD        CFD           Long                850,000      3.7035 GBP
ORD        CFD           Short               100          46.2092 HKD
ORD        CFD           Short               18,209       3.7393 GBP
ORD        CFD           Short               43,900       3.7948 GBP
ORD        SWAP          Short               82,655       3.7273 GBP
ORD        CFD           Short               98,868       3.7030 GBP
ORD        CFD           Short               209,507      3.7061 GBP
ORD        CFD           Short               400,000      3.7016 GBP
ORD        CFD           Short               424,638      3.7051 GBP
ORD        CFD           Short               1,207,988    3.6996 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:   22 Feb 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