9th Jul 2012 14:16
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 | GLENCORE INTL PLC | |||
| relevant securities this form relates: | |||||
| (c) | Name of the party to the offer with which exempt | Advisor to Offeror | |||
| principal trader is connected | |||||
| (d) | Date position held/dealing undertaken: | 6 July 2012 | |||
| (e) | Has the EPT previously disclosed, or is it | YES: | |||
| today disclosing, under the Code in respect | |||||
| of any other party to this offer? | 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)
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 5,473,447 | 0.08% | 16,219,271 | 0.23% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 13,546,821 | 0.20% | 3,032,393 | 0.04% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,590,000 | 0.02% | 2,000,000 | 0.03% | |||||||
| (4) | TOTAL: | ||||||||||
| 20,610,268 | 0.30% | 21,251,664 | 0.31% | ||||||||
| Class of relevant security: | Convertible Bond XS0475310396 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 3,000,000 | 0.13% | 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: | ||||||||||
| 3,000,000 | 0.13% | 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 | 1,042 | 3.1179 GBP | ||||
| ORD | Purchase | 1,400 | 3.1035 GBP | ||||
| ORD | Purchase | 5,048 | 3.1275 GBP | ||||
| ORD | Purchase | 22,442 | 3.1038 GBP | ||||
| ORD | Purchase | 25,157 | 3.1151 GBP | ||||
| ORD | Purchase | 30,100 | 3.0960 GBP | ||||
| ORD | Purchase | 81,025 | 3.1233 GBP | ||||
| ORD | Purchase | 97,832 | 3.1112 GBP | ||||
| ORD | Purchase | 136,508 | 3.1208 GBP | ||||
| ORD | Purchase | 150,000 | 38.0242 HKD | ||||
| ORD | Purchase | 205,669 | 3.1129 GBP | ||||
| ORD | Sale | 100 | 3.0961 GBP | ||||
| ORD | Sale | 500 | 3.0950 GBP | ||||
| ORD | Sale | 606 | 3.1290 GBP | ||||
| ORD | Sale | 894 | 3.1233 GBP | ||||
| ORD | Sale | 1,950 | 3.1217 GBP | ||||
| ORD | Sale | 2,900 | 37.8500 HKD | ||||
| ORD | Sale | 4,200 | 37.8000 HKD | ||||
| ORD | Sale | 6,044 | 3.1010 GBP | ||||
| ORD | Sale | 8,962 | 3.1117 GBP | ||||
| ORD | Sale | 9,351 | 3.0967 GBP | ||||
| ORD | Sale | 13,200 | 4.3598 GBP | ||||
| ORD | Sale | 13,590 | 3.1029 GBP | ||||
| ORD | Sale | 15,221 | 3.1025 GBP | ||||
| ORD | Sale | 19,799 | 3.1304 GBP | ||||
| ORD | Sale | 23,012 | 3.1251 GBP | ||||
| ORD | Sale | 28,313 | 3.1312 GBP | ||||
| ORD | Sale | 44,566 | 3.1037 GBP | ||||
| ORD | Sale | 45,824 | 3.1068 GBP | ||||
| ORD | Sale | 48,000 | 38.0000 HKD | ||||
| ORD | Sale | 48,176 | 3.1184 GBP | ||||
| ORD | Sale | 80,000 | 3.0959 GBP | ||||
| ORD | Sale | 96,200 | 38.0500 HKD | ||||
| ORD | Sale | 106,442 | 3.1188 GBP | ||||
| ORD | Sale | 132,156 | 3.1101 GBP | ||||
| ORD | Sale | 287,490 | 3.1150 GBP |
(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 | 1,300 | 37.8776 HKD | |||||
| ORD | CFD | Long | 12,471 | 3.1096 GBP | |||||
| ORD | SWAP | Long | 14,785 | 3.1025 GBP | |||||
| ORD | SWAP | Long | 23,012 | 3.1251 GBP | |||||
| ORD | CFD | Long | 80,000 | 3.0959 GBP | |||||
| ORD | CFD | Long | 118,672 | 3.1153 GBP | |||||
| ORD | CFD | Long | 216,166 | 3.1118 GBP | |||||
| ORD | CFD | Short | 2,500 | 3.1414 GBP | |||||
| ORD | CFD | Short | 12,613 | 3.1265 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 | Product description | Number of | Exercise price per | ||||
| security | securities | unit | |||||
| ORD | Call Options | 1,518 | 4.3891 GBP | ||||
| ORD | Call Options | 759 | 4.3891 GBP |
(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: | 9 Jul 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 the person whose positions/dealings | BARCLAYS CAPITAL SECURITIES LTD | |
| are being disclosed: | ||
| Name of offeror/offeree in relation to whose | GLENCORE INTL PLC | |
| relevant securities this from 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 Options | Purchased | 380,000 | 4.0000 | European | 25 Jul 2012 | |||||||
| ORD | Put Options | Purchased | 1,000,000 | 3.2000 | American | 8 Jul 2012 | |||||||
| ORD | Put Options | Written | -1,000,000 | 4.8000 | American | 8 Jul 2012 | |||||||
| ORD | Call Options | Purchased | 210,000 | 3.1000 | American | 8 Jul 2012 | |||||||
| ORD | Call Options | Written | -1,000,000 | 4.8000 | American | 8 Jul 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: | |||
Copyright Business Wire 2012
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