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Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

Released 11:26 10-Dec-2012

Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC

LONDON--(BUSINESS WIRE)--

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:

Use a separate form for each offeror/offeree

 

GLENCORE INTL PLC

(c) Name of the party to the offer with which exempt principal trader is connected:  

Advisor to Offeree

(d) Date position held/dealing undertaken:  

7 December 2012

(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?  

YES:

 

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 security:       ORD            
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 5,971,877 0.08% 36,153,342 0.51%
           
(2) Derivatives (other than
options): 35,739,532 0.50% 3,377,976 0.05%
           
(3) Options and agreements to
purchase/sell: 1,000,000 0.01% 250,000 0.00%
           
(4) TOTAL:
42,711,409 0.60% 39,781,318 0.56%
Class of relevant security:       Convertible Bond XS0475310396            
Interests Short Positions
    Number (%) Number (%)
(1) Relevant securities owned
and/or controlled: 1,800,000 0.08% 0 0.00%
           
(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:
1,800,000 0.08% 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 200 42.6500 HKD
ORD Purchase 500 42.6000 HKD
ORD Purchase 881 3.4514 GBP
ORD Purchase 1,000 42.8500 HKD
ORD Purchase 1,400 42.7500 HKD
ORD Purchase 1,595 3.4522 GBP
ORD Purchase 1,700 42.8000 HKD
ORD Purchase 2,700 42.5000 HKD
ORD Purchase 3,324 3.4398 GBP
ORD Purchase 17,846 3.4635 GBP
ORD Purchase 22,193 3.4655 GBP
ORD Purchase 22,600 42.7000 HKD
ORD Purchase 26,906 3.4364 GBP
ORD Purchase 27,334 3.4539 GBP
ORD Purchase 43,892 3.4418 GBP
ORD Purchase 50,502 3.4493 GBP
ORD Purchase 63,913 3.4459 GBP
ORD Purchase 64,830 3.4507 GBP
ORD Purchase 74,659 3.4417 GBP
ORD Purchase 162,150 3.4511 GBP
ORD Purchase 285,102 3.4462 GBP
ORD Purchase 432,469 3.4465 GBP
ORD Purchase 951,230 3.4451 GBP
ORD Sale 100 42.6500 HKD
ORD Sale 800 3.4453 GBP
ORD Sale 1,450 3.4545 GBP
ORD Sale 1,466 3.4588 GBP
ORD Sale 2,277 3.4473 GBP
ORD Sale 6,000 3.4661 GBP
ORD Sale 14,867 3.4505 GBP
ORD Sale 16,380 3.4641 GBP
ORD Sale 29,600 42.6945 HKD
ORD Sale 29,810 3.4539 GBP
ORD Sale 46,036 3.4412 GBP
ORD Sale 47,964 3.4371 GBP
ORD Sale 94,000 3.4673 GBP
ORD Sale 139,343 3.4425 GBP
ORD Sale 148,467 3.4372 GBP
ORD Sale 204,991 3.4406 GBP
ORD Sale 209,865 3.4379 GBP
ORD Sale 215,169 3.4375 GBP
ORD Sale 305,000 3.4767 GBP
ORD (traded as ADR) Purchase 400 11.1200 USD
ORD (traded as ADR) Sale 400 11.1200 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 100 42.5915 HKD
ORD CFD Long 500 3.4646 GBP
ORD SWAP Long 1,450 3.4545 GBP
ORD CFD Long 14,867 3.4501 GBP
ORD CFD Long 209,365 3.4376 GBP
ORD CFD Short 400 3.4508 GBP
ORD CFD Short 500 42.6525 HKD
ORD CFD Short 8,824 3.4575 GBP
ORD CFD Short 10,433 3.4358 GBP
ORD SWAP Short 29,121 3.4405 GBP
ORD CFD Short 45,401 3.4190 GBP
ORD SWAP Short 118,551 3.4417 GBP

(c) Options transactions in respect of existing securities

(i) Writing, selling, purchasing or varying

Class of relevant security   Product description e.g. call option   Writing, purchasing, selling, varying etc.   Number of securities to which option relates   Exercise price per unit   Type

e.g. American, European etc.

  Expiry date   Option money paid/ received per unit

(ii) Exercising

Class of relevant security   Product description

e.g. call option

  Number of securities   Exercise price per unit

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

Class of relevant security   Nature of dealing

e.g. subscription, conversion

  Details   Price per unit (if applicable)

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?   YES
Date of disclosure: 10 Dec 2012
Contact name: Geoff Smith
Telephone number: 0203 555 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.

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 disclosed:  

BARCLAYS CAPITAL SECURITIES LTD

Name of offeror/offeree in relation to whose relevant securities the disclosure relates:

GLENCORE INTL PLC

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 Put Options Purchased 1,000,000 3.2000 American 9 Dec 2012
ORD Call Options Written -250,000 3.6000 American 9 Dec 2012

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.

BARCLAYS PLC

Source: BARCLAYS PLC


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Form 8.5 (EPT/NON-RI) - GLENCORE INTL PLC - RNS