12th Apr 2013 11:50
FORM 8 (DD)
PUBLIC DEALING DISCLOSURE BY A PARTY TO AN OFFER OR PERSON ACTING IN CONCERT (INCLUDING DEALINGS FOR THE ACCOUNT OF DISCRETIONARY INVESTMENT CLIENTS)
Rules 8.1, 8.2 and 8.4 of the Takeover Code (the "Code")
1. KEY INFORMATION
(a) Identity of the party to the offer or person acting in concert making the disclosure: | (GS) GOLDMAN SACHS (ASIA) FINANCE |
(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 relevant securities this form relates: Use a separate form for each offeror/offeree | GLENCORE INTERNATIONAL PLC |
(d) Status of person making the disclosure: e.g. offeror, offeree, person acting in concert with the offeror/offeree (specify name of offeror/offeree) | Advisor to XSTRATA PLC |
(e) Date dealing undertaken: | 11 April 2013 |
(f) Has the party previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | NO |
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
Class of relevant security:
| USD 0.01 ordinary | |||
Interests | Short positions | |||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 916,035 | 0.01 | 0 | 0.00 |
(2) Derivatives (other than options): | 303,864 | 0.00 | 0 | 0.00 |
(3) Options and agreements to purchase/sell: | 0 | 0.00 | 1,980,220* | 0.02* |
TOTAL: | 1,219,899 | 0.01 | 1,980,220* | 0.02* |
* (GS) GOLDMAN SACHS (ASIA) FINANCE resulting position includes changes resulting from non-trade related activity.
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).
Details of any securities borrowing and lending positions or financial collateral arrangements should be disclosed on a Supplemental Form 8 (SBL).
(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 BY THE PERSON MAKING THE DISCLOSURE
(a) Purchases and sales
Class of relevant security | Purchase/sale
| Number of securities | Price per unit |
USD 0.01 ordinary | Sale | 1,392 | 39.4026 HKD |
USD 0.01 ordinary | Sale | 464 | 39.4026 HKD |
USD 0.01 ordinary | Sale | 464 | 39.4026 HKD |
USD 0.01 ordinary | Sale | 420 | 40.7791 HKD |
USD 0.01 ordinary | Sale | 140 | 40.7791 HKD |
USD 0.01 ordinary | Sale | 140 | 40.7791 HKD |
USD 0.01 ordinary | Sale | 420 | 41.1297 HKD |
USD 0.01 ordinary | Sale | 130 | 41.5748 HKD |
USD 0.01 ordinary | Sale | 130 | 41.5748 HKD |
USD 0.01 ordinary | Sale | 462 | 41.6493 HKD |
USD 0.01 ordinary | Sale | 1,386 | 41.6493 HKD |
USD 0.01 ordinary | Sale | 462 | 41.6493 HKD |
USD 0.01 ordinary | Sale | 400 | 42.3347 HKD |
USD 0.01 ordinary | Sale | 268 | 42.8148 HKD |
USD 0.01 ordinary | Sale | 1,072 | 42.8148 HKD |
USD 0.01 ordinary | Sale | 212 | 43.3327 HKD |
USD 0.01 ordinary | Sale | 848 | 43.3327 HKD |
USD 0.01 ordinary | Sale | 200 | 45.1217 HKD |
USD 0.01 ordinary | Sale | 800 | 45.1217 HKD |
USD 0.01 ordinary | Sale | 124 | 45.5495 HKD |
USD 0.01 ordinary | Sale | 496 | 45.5495 HKD |
USD 0.01 ordinary | Sale | 3,040 | 50.0956 HKD |
USD 0.01 ordinary | Sale | 760 | 50.0956 HKD |
USD 0.01 ordinary | Sale | 752 | 50.6291 HKD |
USD 0.01 ordinary | Sale | 3,008 | 50.6291 HKD |
Class of relevant security | Purchases/sales | Total number of securities |
USD 0.01 ordinary | Sales | 17,990 |
(b) Derivatives transactions (other than options)
Class of relevant security | Product description e.g. CFD | Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position | Number of reference securities | Price per unit |
(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 |
USD 0.01 ordinary | Put Option | 752 | 50.5785 HKD |
USD 0.01 ordinary | Put Option | 3,008 | 50.5785 HKD |
USD 0.01 ordinary | Put Option | 760 | 50.0456 HKD |
USD 0.01 ordinary | Put Option | 3,040 | 50.0456 HKD |
USD 0.01 ordinary | Call Option | 464 | 39.3608 HKD |
USD 0.01 ordinary | Call Option | 464 | 39.3608 HKD |
USD 0.01 ordinary | Call Option | 1,392 | 39.3608 HKD |
USD 0.01 ordinary | Call Option | 140 | 40.7373 HKD |
USD 0.01 ordinary | Call Option | 140 | 40.7373 HKD |
USD 0.01 ordinary | Call Option | 420 | 40.7373 HKD |
USD 0.01 ordinary | Call Option | 462 | 41.6075 HKD |
USD 0.01 ordinary | Call Option | 462 | 41.6075 HKD |
USD 0.01 ordinary | Call Option | 1,386 | 41.6075 HKD |
USD 0.01 ordinary | Put Option | 212 | 43.2894 HKD |
USD 0.01 ordinary | Put Option | 848 | 43.2894 HKD |
USD 0.01 ordinary | Put Option | 268 | 42.7720 HKD |
USD 0.01 ordinary | Put Option | 1,072 | 42.7720 HKD |
USD 0.01 ordinary | Call Option | 130 | 41.5330 HKD |
USD 0.01 ordinary | Call Option | 130 | 41.5330 HKD |
USD 0.01 ordinary | Call Option | 420 | 41.0879 HKD |
USD 0.01 ordinary | Put Option | 124 | 45.5040 HKD |
USD 0.01 ordinary | Put Option | 496 | 45.5040 HKD |
USD 0.01 ordinary | Put Option | 200 | 45.0766 HKD |
USD 0.01 ordinary | Put Option | 800 | 45.0766 HKD |
USD 0.01 ordinary | Put Option | 400 | 42.2924 HKD |
(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(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 party to the offer or person acting in concert making the disclosure and any other person: 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 party to the offer or person acting in concert 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
Are any Supplemental Forms attached?
Supplemental Form 8 (Open Positions) | YES |
Supplemental Form 8 (SBL) | NO |
| Date of disclosure: | 12 April 2013 |
| Contact name: | Audrey Malone and Darren Adam |
| Telephone number: | +44(20) 7552 3836 / +44(20) 7051 4224 |
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 [email protected]. 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: | (GS) GOLDMAN SACHS (ASIA) FINANCE |
Name of offeror/offeree in relation to whose relevant securities the disclosure relates: | GLENCORE INTERNATIONAL PLC |
2. OPTIONS AND DERIVATIVES
Class of relevant security | Product description e.g. call option* | Written or purchased | Number of securities to which option or derivative relates | Exercise price per unit | Type e.g. American, European etc. | Expiry date |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 376 | 50.5785 HKD | European | 02/05/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 1,504 | 50.5785 HKD | European | 02/05/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 380 | 50.0456 HKD | European | 02/05/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 1,520 | 50.0456 HKD | European | 02/05/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 464 | 39.3608 HKD | European | 19/08/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 464 | 39.3608 HKD | European | 19/08/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 1,392 | 39.3608 HKD | European | 19/08/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 140 | 40.7373 HKD | European | 30/08/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 140 | 40.7373 HKD | European | 30/08/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 420 | 40.7373 HKD | European | 30/08/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 462 | 41.6075 HKD | European | 12/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 462 | 41.6075 HKD | European | 12/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 1,386 | 41.6075 HKD | European | 12/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 106 | 43.2894 HKD | European | 17/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 424 | 43.2894 HKD | European | 17/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 134 | 42.7720 HKD | European | 23/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 536 | 42.7720 HKD | European | 23/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 130 | 41.5330 HKD | European | 27/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 130 | 41.5330 HKD | European | 27/09/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 420 | 41.0879 HKD | European | 21/10/2013 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 62 | 45.5040 HKD | European | 16/01/2014 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 248 | 45.5040 HKD | European | 16/01/2014 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 100 | 45.0766 HKD | European | 05/02/2014 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 400 | 45.0766 HKD | European | 05/02/2014 |
USD 0.01 ordinary | BBM Barrier Option (1:2 Leverage) | Written | 200 | 42.2924 HKD | European | 21/02/2014 |
USD 0.01 ordinary | SWAP | Long | 303,864 | N/A | N/A | N/A |
* Buy below market options consist of levered call and put options. If the barrier price of the option is reached or exceeded, there will be no delivery obligation on that day or any subsequent day in the future.
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
Related Shares:
Glencore