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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:                 2 May 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             17,569,655         0.25%   21,264,848   0.30%
             controlled:
                                                                   
(2)          Derivatives
             (other than
             options):          39,269,967         0.55%   12,718,451   0.18%
                                                                   
(3)          Options and
             agreements to
             purchase/sell:     1,024,491          0.01%   2,592,500    0.04%
                                                                   
(4)          TOTAL:
                                57,864,113         0.82%   36,575,799   0.52%
                                                                   
Class of                        Convertible Bond
relevant                       XS0475310396                          
security:
                                Interests                  Short Positions
                              Number             (%)     Number       (%)
(1)          Relevant
             securities owned
             and/or             3,400,000          0.15%   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          0.15%   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   
ORD                   Purchase        59           3.2891 GBP
ORD                   Purchase        100          37.2000 HKD
ORD                   Purchase        100          37.3000 HKD
ORD                   Purchase        118          3.2400 GBP
ORD                   Purchase        189          3.1536 GBP
ORD                   Purchase        308          3.2444 GBP
ORD                   Purchase        442          3.1285 GBP
ORD                   Purchase        500          37.6000 HKD
ORD                   Purchase        1,076        3.1200 GBP
ORD                   Purchase        1,543        3.2297 GBP
ORD                   Purchase        2,110        3.2405 GBP
ORD                   Purchase        2,135        3.2293 GBP
ORD                   Purchase        2,497        3.2169 GBP
ORD                   Purchase        2,598        3.1926 GBP
ORD                   Purchase        3,013        3.1701 GBP
ORD                   Purchase        3,050        3.1979 GBP
ORD                   Purchase        3,050        3.1981 GBP
ORD                   Purchase        3,190        3.1853 GBP
ORD                   Purchase        3,233        3.2003 GBP
ORD                   Purchase        3,233        3.2007 GBP
ORD                   Purchase        3,480        3.2393 GBP
ORD                   Purchase        4,401        3.2439 GBP
ORD                   Purchase        4,800        37.4500 HKD
ORD                   Purchase        4,941        3.1588 GBP
ORD                   Purchase        5,288        3.1775 GBP
ORD                   Purchase        5,730        3.1901 GBP
ORD                   Purchase        6,517        3.1593 GBP
ORD                   Purchase        6,841        3.2039 GBP
ORD                   Purchase        7,137        3.2151 GBP
ORD                   Purchase        8,402        3.2494 GBP
ORD                   Purchase        9,354        3.2501 GBP
ORD                   Purchase        10,101       3.2396 GBP
ORD                   Purchase        10,917       3.2409 GBP
ORD                   Purchase        10,986       3.1654 GBP
ORD                   Purchase        15,091       3.2441 GBP
ORD                   Purchase        15,189       3.1589 GBP
ORD                   Purchase        15,552       3.2323 GBP
ORD                   Purchase        15,800       37.5500 HKD
ORD                   Purchase        17,906       3.2341 GBP
ORD                   Purchase        19,288       3.2309 GBP
ORD                   Purchase        19,538       3.2127 GBP
ORD                   Purchase        20,898       3.1758 GBP
ORD                   Purchase        21,066       3.2403 GBP
ORD                   Purchase        22,475       3.2419 GBP
ORD                   Purchase        27,839       3.2070 GBP
ORD                   Purchase        28,537       3.2203 GBP
ORD                   Purchase        30,900       37.5000 HKD
ORD                   Purchase        31,097       3.2092 GBP
ORD                   Purchase        32,330       3.1709 GBP
ORD                   Purchase        35,270       3.1597 GBP
ORD                   Purchase        40,023       3.2582 GBP
ORD                   Purchase        41,962       3.2729 GBP
ORD                   Purchase        43,096       3.2220 GBP
ORD                   Purchase        44,209       3.2443 GBP
ORD                   Purchase        44,499       3.2261 GBP
ORD                   Purchase        44,630       3.2243 GBP
ORD                   Purchase        46,982       3.1948 GBP
ORD                   Purchase        48,800       3.2126 GBP
ORD                   Purchase        50,294       3.1806 GBP
ORD                   Purchase        50,387       3.2657 GBP
ORD                   Purchase        51,728       3.2442 GBP
ORD                   Purchase        56,254       3.2212 GBP
ORD                   Purchase        61,192       3.2373 GBP
ORD                   Purchase        63,433       3.1577 GBP
ORD                   Purchase        65,000       3.2892 GBP
ORD                   Purchase        65,364       3.2299 GBP
ORD                   Purchase        65,600       38.0263 HKD
ORD                   Purchase        67,783       3.2005 GBP
ORD                   Purchase        72,727       3.1967 GBP
ORD                   Purchase        74,310       3.2010 GBP
ORD                   Purchase        76,134       3.2137 GBP
ORD                   Purchase        79,845       3.2562 GBP
ORD                   Purchase        80,776       3.2094 GBP
ORD                   Purchase        81,959       3.1974 GBP
ORD                   Purchase        82,401       3.2240 GBP
ORD                   Purchase        82,560       3.2097 GBP
ORD                   Purchase        84,073       3.2006 GBP
ORD                   Purchase        88,763       3.2155 GBP
ORD                   Purchase        88,861       3.2596 GBP
ORD                   Purchase        92,405       3.1646 GBP
ORD                   Purchase        92,826       3.1975 GBP
ORD                   Purchase        98,592       3.2096 GBP
ORD                   Purchase        103,056      3.1960 GBP
ORD                   Purchase        108,256      3.2011 GBP
ORD                   Purchase        113,116      3.2239 GBP
ORD                   Purchase        116,514      3.2052 GBP
ORD                   Purchase        132,116      3.1763 GBP
ORD                   Purchase        150,553      3.2878 GBP
ORD                   Purchase        165,532      3.1931 GBP
ORD                   Purchase        167,030      3.2090 GBP
ORD                   Purchase        169,963      3.2098 GBP
ORD                   Purchase        195,371      3.2742 GBP
ORD                   Purchase        229,692      3.1953 GBP
ORD                   Purchase        244,818      3.1946 GBP
ORD                   Purchase        263,359      3.3231 GBP
ORD                   Purchase        268,793      3.2143 GBP
ORD                   Purchase        273,441      3.1941 GBP
ORD                   Purchase        279,834      3.2233 GBP
ORD                   Purchase        336,598      3.2023 GBP
ORD                   Purchase        341,649      3.1360 GBP
ORD                   Purchase        486,749      3.2211 GBP
ORD                   Purchase        604,032      3.2691 GBP
ORD                   Purchase        642,497      3.1913 GBP
ORD                   Purchase        998,136      3.2130 GBP
ORD                   Purchase        1,018,263    3.1880 GBP
ORD                   Purchase        1,438,535    3.3105 GBP
ORD                   Purchase        2,643,296    3.1968 GBP
ORD                   Purchase        3,000,000    3.3115 GBP
ORD                   Purchase        40,869,865   TRANSFER
ORD                   Sale            292          3.2502 GBP
ORD                   Sale            887          3.2383 GBP
ORD                   Sale            1,000        37.7000 HKD
ORD                   Sale            1,200        3.3395 GBP
ORD                   Sale            1,543        3.2297 GBP
ORD                   Sale            1,703        3.2951 GBP
ORD                   Sale            1,805        3.2143 GBP
ORD                   Sale            1,829        3.1280 GBP
ORD                   Sale            2,100        38.0500 HKD
ORD                   Sale            2,100        38.1000 HKD
ORD                   Sale            2,135        3.2293 GBP
ORD                   Sale            2,183        3.1739 GBP
ORD                   Sale            2,497        3.2169 GBP
ORD                   Sale            2,500        37.9500 HKD
ORD                   Sale            2,800        37.7500 HKD
ORD                   Sale            3,050        3.1979 GBP
ORD                   Sale            3,050        3.1981 GBP
ORD                   Sale            3,190        3.1853 GBP
ORD                   Sale            3,233        3.2007 GBP
ORD                   Sale            3,400        38.1500 HKD
ORD                   Sale            3,818        3.2889 GBP
ORD                   Sale            3,870        3.2015 GBP
ORD                   Sale            4,099        3.2581 GBP
ORD                   Sale            4,251        3.2070 GBP
ORD                   Sale            4,401        3.2439 GBP
ORD                   Sale            4,481        3.3115 GBP
ORD                   Sale            4,600        37.8500 HKD
ORD                   Sale            5,117        3.2145 GBP
ORD                   Sale            5,300        37.8000 HKD
ORD                   Sale            5,477        3.1767 GBP
ORD                   Sale            6,069        3.2067 GBP
ORD                   Sale            6,517        3.1593 GBP
ORD                   Sale            7,117        3.2792 GBP
ORD                   Sale            7,200        37.9000 HKD
ORD                   Sale            8,402        3.2494 GBP
ORD                   Sale            9,354        3.2501 GBP
ORD                   Sale            10,986       3.1654 GBP
ORD                   Sale            11,113       3.1189 GBP
ORD                   Sale            11,262       3.2837 GBP
ORD                   Sale            11,899       3.3159 GBP
ORD                   Sale            12,600       38.0000 HKD
ORD                   Sale            13,880       3.2135 GBP
ORD                   Sale            15,465       3.2020 GBP
ORD                   Sale            19,538       3.2127 GBP
ORD                   Sale            19,572       3.2308 GBP
ORD                   Sale            20,130       3.1589 GBP
ORD                   Sale            20,898       3.1758 GBP
ORD                   Sale            21,184       3.2403 GBP
ORD                   Sale            21,246       3.1721 GBP
ORD                   Sale            21,753       3.3090 GBP
ORD                   Sale            21,786       3.2113 GBP
ORD                   Sale            22,475       3.2419 GBP
ORD                   Sale            23,420       3.2216 GBP
ORD                   Sale            23,802       3.1815 GBP
ORD                   Sale            24,470       3.2758 GBP
ORD                   Sale            25,016       3.2613 GBP
ORD                   Sale            25,527       3.3123 GBP
ORD                   Sale            26,321       3.2153 GBP
ORD                   Sale            31,097       3.2092 GBP
ORD                   Sale            31,500       38.2000 HKD
ORD                   Sale            32,330       3.1709 GBP
ORD                   Sale            35,270       3.1597 GBP
ORD                   Sale            36,800       37.4940 HKD
ORD                   Sale            40,080       3.2250 GBP
ORD                   Sale            40,961       3.1969 GBP
ORD                   Sale            43,096       3.2220 GBP
ORD                   Sale            44,630       3.2243 GBP
ORD                   Sale            45,108       3.2957 GBP
ORD                   Sale            46,982       3.1948 GBP
ORD                   Sale            49,551       3.2789 GBP
ORD                   Sale            50,294       3.1806 GBP
ORD                   Sale            51,728       3.2442 GBP
ORD                   Sale            52,112       3.2958 GBP
ORD                   Sale            53,878       3.2228 GBP
ORD                   Sale            56,373       3.2165 GBP
ORD                   Sale            58,743       3.2040 GBP
ORD                   Sale            61,630       3.2785 GBP
ORD                   Sale            63,433       3.1577 GBP
ORD                   Sale            63,845       3.2599 GBP
ORD                   Sale            68,176       3.1980 GBP
ORD                   Sale            68,987       3.2003 GBP
ORD                   Sale            71,159       3.1624 GBP
ORD                   Sale            75,300       3.2436 GBP
ORD                   Sale            79,844       3.2550 GBP
ORD                   Sale            80,769       3.2660 GBP
ORD                   Sale            82,401       3.2240 GBP
ORD                   Sale            82,862       3.2010 GBP
ORD                   Sale            100,000      3.2803 GBP
ORD                   Sale            103,056      3.1960 GBP
ORD                   Sale            103,083      3.3057 GBP
ORD                   Sale            114,442      3.2516 GBP
ORD                   Sale            115,828      3.2105 GBP
ORD                   Sale            117,274      3.1388 GBP
ORD                   Sale            126,197      3.2836 GBP
ORD                   Sale            143,774      3.2062 GBP
ORD                   Sale            145,844      3.2332 GBP
ORD                   Sale            151,527      3.1931 GBP
ORD                   Sale            163,747      3.1983 GBP
ORD                   Sale            165,712      3.2098 GBP
ORD                   Sale            271,273      3.2406 GBP
ORD                   Sale            273,441      3.1941 GBP
ORD                   Sale            300,921      3.2433 GBP
ORD                   Sale            309,015      3.1893 GBP
ORD                   Sale            316,179      3.2166 GBP
ORD                   Sale            438,535      3.3080 GBP
ORD                   Sale            522,941      3.2288 GBP
ORD                   Sale            729,583      3.1913 GBP
ORD                   Sale            757,679      3.2187 GBP
ORD                   Sale            782,120      3.2023 GBP
ORD                   Sale            998,136      3.2130 GBP
ORD                   Sale            1,018,263    3.1880 GBP
ORD                   Sale            1,103,781    3.3121 GBP
ORD                   Sale            2,716,023    3.1968 GBP
ORD                   Sale            3,175,371    3.1200 GBP
ORD                   Sale            5,000,000    3.1145 GBP
ORD                   Sale            7,874,381    TRANSFER
ORD (traded as ADR)   Purchase        4,000        10.2855 USD
ORD (traded as ADR)   Sale            4,000        10.2855 USD

(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                9,500        38.1436 HKD
ORD        SWAP          Long                9,561        3.2238 GBP
ORD        CFD           Long                15,400       3.1323 GBP
ORD        CFD           Long                22,527       3.1945 GBP
ORD        SWAP          Long                55,866       TRANSFER
ORD        SWAP          Long                80,769       3.2660 GBP
ORD        SWAP          Long                117,274      3.1388 GBP
ORD        CFD           Long                6,350,742    3.1200 GBP
ORD        CFD           Short               1,264        3.1362 GBP
ORD        CFD           Short               2,152        3.1200 GBP
ORD        CFD           Short               10,219       3.1355 GBP
ORD        CFD           Short               14,057       3.1708 GBP
ORD        CFD           Short               15,400       37.5951 HKD
ORD        SWAP          Short               101,915      3.2115 GBP
ORD        CFD           Short               147,026      3.2064 GBP
ORD        SWAP          Short               2,220,540    3.1590 GBP
ORD        SWAP          Short               8,593,182    TRANSFER

(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                                  
ORD        Call          Purchasing    688,796      3.6179     Europe     16 May   TRANSFER
           Options                                  GBP                   2013
ORD        Call          Purchasing    688,386      3.8971     Europe     24 Sep   TRANSFER
           Options                                  GBP                   2013
ORD        Call          Selling       344,398      3.6179     Europe     16 May   TRANSFER
           Options                                  GBP                   2013
ORD        Call          Selling       344,193      3.8971     Europe     24 Sep   TRANSFER
           Options                                  GBP                   2013
ORD        Put Options   Selling       762,500      2.36 GBP   American   20 Dec   0.3344
                                                                          2013     GBP
ORD        Put Options   Selling       1,830,000    2.69 GBP   American   20 Jun   0.5409
                                                                          2014     GBP

(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:  3 May 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      GLENCORE INTL 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     512,398      3.6179     European   16 May
           Options                                                        2013
ORD        Call          Purchased     512,093      3.8971     European   24 Sep
           Options                                                        2013
ORD        Put Options   Written       -762,500     2.3600     American   4 May
                                                                          2013
ORD        Put Options   Written       -1,830,000   2.6900     American   4 May
                                                                          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
 
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