BTG Pactual : Form 8.3 - Glencore International Plc

             BTG Pactual : Form 8.3 - Glencore International Plc

                                                                      FORM 8.3

                                      

           PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY

   A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE -
                     SUPPLEMENTAL FORM 8 (OPEN POSITIONS)

                                      

                  Rule 8.3 of the Takeover Code (the "Code")

                                      

1. KEY INFORMATION



(a) Identity of the person whose positions/dealings BTG Pactual Europe LLP
are being disclosed:
(b) Owner or controller of interests and short      
positions disclosed, if different from 1(a):

 The naming of nominee or vehicle companies is
insufficient
(c) Name of offeror/offeree in relation to whose    Glencore International Plc
relevant securities this form relates:

 Use a separate form for each offeror/offeree
(d) If an exempt fund manager connected with an     
offeror/offeree, state this and specify identity of
offeror/offeree:
(e) Date position held/dealing undertaken:          18, April, 2013
(f) Has the discloser previously disclosed, or are Yes. Xstrata Plc
they today disclosing, under the Code in respect of
any other party to this offer?                      



2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE



(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 security:                             0.01 ordinary


                                                 Interests  Short positions

                                                Number  %     Number    %
(1) Relevant securities owned and/or controlled:            257,019   0.00
(2) Derivatives (other than options):                      17,223,323 0.24
(3) Options and agreements to purchase/sell:     15,450 0.00            
                                                15,450 0.00
                                                             17,480,342 0.25
 TOTAL:



Class of relevant security:       5% guaranteed convertible bonds due December
                                                      2014

                                       Interests           Short positions

                                     Number        %       Number        %
(1) Relevant securities      43,000,000    1.87
owned and/or controlled:                                                 
                                                   
(2) Derivatives (other                                          
than options):
(3) Options and agreements                                      
to purchase/sell:
                                   43,000,000    1.87
                                                                         
 TOTAL:                                 



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(c), copy
table 2(a) or (b) (as appropriate) for each additional class of relevant
security.



3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE



(a) Purchases and sales



Class of relevant security Purchase/sale Number of securities Price per unit

                                 
                                                                 



(b) Derivatives transactions (other than options)



Class of   Product            Nature of dealing           Number of  Price per
relevant description                                      reference    unit
security              e.g. opening/closing a long/short   securities
          e.g. CFD     position, increasing/reducing a
                             long/short position
  0.01       CFD           reducing a long position         78,149    313.313
ordinary
  0.01       CFD           reducing a long position        250,000    314.002
ordinary
  0.01       CFD           reducing a long position        500,000    315.438
ordinary
  0.01       CFD           reducing a long position        500,000    316.316
ordinary
  0.01       CFD          increasing a long position        61,774    316.516
ordinary
  0.01       CFD          increasing a long position       250,000    316.683
ordinary
  0.01       CFD          increasing a long position       500,000    317.932
ordinary
  0.01       CFD           reducing a long position        500,000    319.090
ordinary



(c) Options transactions in respect of existing securities



(i) Writing, selling, purchasing or varying



Class of   Product    Writing,   Number of  Exercise   Type    Expiry  Option
relevant description purchasing, securities  price              date   money
security  e.g. call   selling,    to which  per unit   e.g.            paid/
           option      varying     option            American,        received
                        etc.      relates            European         per unit
                                                       etc.
                                                                  



(ii) Exercising



 Class of relevant  Product description      Number of      Exercise price per
     security                               securities             unit
                     e.g. call option
                                                                 



(d) Other dealings (including subscribing for new securities)



 Class of relevant       Nature of dealing     Details   Price per unit (if
      security                                               applicable)
                        e.g. subscription,
                            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(c), 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 person
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"








(b) Agreements, arrangements or understandings relating to options or
derivatives



Details of any agreement, arrangement or understanding, formal or informal,
between the person 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"








(c) Attachments



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





        Date of disclosure: 19, April, 2012
        Contact name:       Eduardo Pinto
        Telephone number:   +55 21 3262 9663



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 being   BTG Pactual Europe LLP
disclosed:
Name of offeror/offeree in relation to whose        Glencore International Plc
relevant securities the disclosure relates:



2. OPTIONS AND DERIVATIVES



Class of   Product   Written or     Number of     Exercise    Type     Expiry
relevant description purchased    securities to   price per             date
security  e.g. call              which option or    unit      e.g.
           option                  derivative               American,
                                     relates                European
                                                              etc.
0.01     Call option purchased        2,000        420.000  American  06/21/13
ordinary
0.01     Call option purchased       11,450        380.000  American  06/21/13
ordinary
0.01     Call option purchased        2,000        360.000  American  06/21/13
ordinary



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















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