18th Sep 2012 12:04
FORM 8.5 (EPT/NON-RI) AMENDMENT
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: | 13 September 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: | 12,404,961 | 0.18% | 30,126,548 | 0.44% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 29,033,388 | 0.42% | 12,491,385 | 0.18% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 4,863,800 | 0.07% | 10,500,000 | 0.15% | |||||||
| (4) | TOTAL: | ||||||||||
| 46,302,149 | 0.67% | 53,117,933 | 0.77% | ||||||||
| Class of relevant security: | Convertible Bond XS0475310396 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 3,400,000 | 0.15% | 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: | ||||||||||
| 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 | ||||||
| Convertible Bond | Purchase | 1,000,000 | 120.2500 USD | ||||
| Convertible Bond | Sale | 2,500,000 | 120.3000 USD | ||||
| ORD | Purchase | 1,700 | 45.0000 HKD | ||||
| ORD | Purchase | 2,086 | 3.5322 GBP | ||||
| ORD | Purchase | 2,700 | 44.9500 HKD | ||||
| ORD | Purchase | 12,226 | 3.5302 GBP | ||||
| ORD | Purchase | 13,389 | 3.5362 GBP | ||||
| ORD | Purchase | 18,829 | 3.5284 GBP | ||||
| ORD | Purchase | 20,388 | 3.5503 GBP | ||||
| ORD | Purchase | 28,241 | 13.4508 GBP | ||||
| ORD | Purchase | 30,000 | 3.5200 GBP | ||||
| ORD | Purchase | 42,542 | 3.5371 GBP | ||||
| ORD | Purchase | 52,000 | 44.6335 HKD | ||||
| ORD | Purchase | 60,248 | 3.5361 GBP | ||||
| ORD | Purchase | 64,999 | 3.5330 GBP | ||||
| ORD | Purchase | 92,016 | 3.5338 GBP | ||||
| ORD | Purchase | 197,234 | 3.5352 GBP | ||||
| ORD | Purchase | 198,292 | 3.5287 GBP | ||||
| ORD | Purchase | 216,336 | 3.5374 GBP | ||||
| ORD | Purchase | 220,000 | TRANSFER | ||||
| ORD | Purchase | 226,930 | 3.5426 GBP | ||||
| ORD | Purchase | 660,619 | 3.5174 GBP | ||||
| ORD | Purchase | 476,721 | 3.5332 GBP | ||||
| ORD | Sale | 200 | 45.0000 HKD | ||||
| ORD | Sale | 1,100 | 44.5500 HKD | ||||
| ORD | Sale | 3,230 | 3.5451 GBP | ||||
| ORD | Sale | 4,200 | 44.9678 HKD | ||||
| ORD | Sale | 4,500 | 44.6000 HKD | ||||
| ORD | Sale | 4,946 | 3.5311 GBP | ||||
| ORD | Sale | 5,761 | 3.5335 GBP | ||||
| ORD | Sale | 5,787 | 3.5434 GBP | ||||
| ORD | Sale | 9,000 | 44.5000 HKD | ||||
| ORD | Sale | 12,860 | 3.5275 GBP | ||||
| ORD | Sale | 16,600 | 44.7000 HKD | ||||
| ORD | Sale | 17,363 | 3.5278 GBP | ||||
| ORD | Sale | 19,473 | 3.5359 GBP | ||||
| ORD | Sale | 20,800 | 44.6500 HKD | ||||
| ORD | Sale | 28,233 | 3.5282 GBP | ||||
| ORD | Sale | 35,949 | 3.5342 GBP | ||||
| ORD | Sale | 38,582 | 3.5313 GBP | ||||
| ORD | Sale | 56,585 | 3.5498 GBP | ||||
| ORD | Sale | 67,645 | 3.5339 GBP | ||||
| ORD | Sale | 90,800 | 3.5430 GBP | ||||
| ORD | Sale | 150,588 | 3.5326 GBP | ||||
| ORD | Sale | 162,900 | 3.5416 GBP | ||||
| ORD | Sale | 172,150 | 3.5314 GBP | ||||
| ORD | Sale | 220,000 | TRANSFER | ||||
| ORD | Sale | 543,973 | 3.5360 GBP | ||||
| ORD (traded as ADR) | Purchase | 4,800 | 11.3700 USD | ||||
| ORD (traded as ADR) | Purchase | 5,000 | 11.5568 USD | ||||
| ORD (traded as ADR) | Sale | 4,800 | 11.3700 USD | ||||
| ORD (traded as ADR) | Sale | 5,000 | 11.5568 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 | 9,919 | 3.5431 GBP | |||||
| ORD | CFD | Long | 10,588 | 3.5309 GBP | |||||
| ORD | CFD | Long | 14,464 | 3.5420 GBP | |||||
| ORD | CFD | Long | 220,000 | 45.0000 HKD | |||||
| ORD | SWAP | Short | 2,086 | 3.5322 GBP | |||||
| ORD | CFD | Short | 4,800 | 3.5407 GBP | |||||
| ORD | SWAP | Short | 5,000 | 3.5384 GBP | |||||
| ORD | CFD | Short | 7,643 | 3.5526 GBP | |||||
| ORD | CFD | Short | 10,370 | 3.5431 GBP | |||||
| ORD | SWAP | Short | 28,241 | 3.5281 GBP | |||||
| ORD | CFD | Short | 34,563 | 3.5387 GBP | |||||
| ORD | CFD | Short | 220,000 | 3.6065 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: | 18 Sep 2012 | |
| Contact name: | Geoff Smith | |
| Telephone number: | 020 7116 2913 |
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: | 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 | Call Options | Purchased | 363,800 | 4.1000 | European | 16 Oct 2012 | |||||||
| ORD | Put Options | Purchased | 1,000,000 | 3.0000 | American | 15 Sep 2012 | |||||||
| ORD | Put Options | Purchased | 1,000,000 | 3.2000 | American | 15 Sep 2012 | |||||||
| ORD | Put Options | Written | -2,500,000 | 2.6000 | American | 15 Sep 2012 | |||||||
| ORD | Put Options | Written | -1,000,000 | 4.8000 | American | 15 Sep 2012 | |||||||
| ORD | Call Options | Purchased | 2,500,000 | 3.6000 | American | 15 Sep 2012 | |||||||
| ORD | Call Options | Written | -1,000,000 | 3.6000 | American | 15 Sep 2012 | |||||||
| ORD | Call Options | Written | -2,500,000 | 3.8000 | American | 15 Sep 2012 | |||||||
| ORD | Call Options | Written | -2,500,000 | 4.0000 | American | 15 Sep 2012 | |||||||
| ORD | Call Options | Written | -1,000,000 | 4.8000 | American | 15 Sep 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.
Copyright Business Wire 2012
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