19th Oct 2012 11:29
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: | 18 Oct 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: | 3,138,473 | 0.04% | 31,480,365 | 0.44% | |||||||
| (2) | Derivatives (other than | ||||||||||
| options): | 28,378,450 | 0.40% | 950,389 | 0.01% | |||||||
| (3) | Options and agreements to | ||||||||||
| purchase/sell: | 1,363,800 | 0.02% | 250,000 | 0.00% | |||||||
| (4) | TOTAL: | ||||||||||
| 32,880,723 | 0.46% | 32,680,754 | 0.46% | ||||||||
| Class of relevant security: | Convertible Bond XS0475310396 | ||||||||||
| Interests | Short Positions | ||||||||||
| Number | (%) | Number | (%) | ||||||||
| (1) | Relevant securities owned | ||||||||||
| and/or controlled: | 4,700,000 | 0.20% | 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: | ||||||||||
| 4,700,000 | 0.20% | 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 | 100 | 43.3000 HKD | ||||
| ORD | Purchase | 100 | 43.8500 HKD | ||||
| ORD | Purchase | 138 | 3.5330 GBP | ||||
| ORD | Purchase | 500 | 43.9500 HKD | ||||
| ORD | Purchase | 1,500 | 3.5304 GBP | ||||
| ORD | Purchase | 1,600 | 3.5065 GBP | ||||
| ORD | Purchase | 1,800 | 43.4500 HKD | ||||
| ORD | Purchase | 2,200 | 43.9000 HKD | ||||
| ORD | Purchase | 3,260 | 3.5316 GBP | ||||
| ORD | Purchase | 3,300 | 44.0000 HKD | ||||
| ORD | Purchase | 3,400 | 43.4000 HKD | ||||
| ORD | Purchase | 3,405 | 3.5176 GBP | ||||
| ORD | Purchase | 3,800 | 43.5500 HKD | ||||
| ORD | Purchase | 4,600 | 43.8000 HKD | ||||
| ORD | Purchase | 4,698 | 3.5161 GBP | ||||
| ORD | Purchase | 6,600 | 43.5000 HKD | ||||
| ORD | Purchase | 13,300 | 43.6000 HKD | ||||
| ORD | Purchase | 16,091 | 3.5029 GBP | ||||
| ORD | Purchase | 18,992 | 3.5025 GBP | ||||
| ORD | Purchase | 22,731 | 3.5210 GBP | ||||
| ORD | Purchase | 51,073 | 3.5241 GBP | ||||
| ORD | Purchase | 58,275 | 3.5279 GBP | ||||
| ORD | Purchase | 122,446 | 3.5197 GBP | ||||
| ORD | Purchase | 251,808 | 3.5000 GBP | ||||
| ORD | Purchase | 354,786 | 3.5054 GBP | ||||
| ORD | Purchase | 959,302 | 3.5216 GBP | ||||
| ORD | Sale | 100 | 43.1000 HKD | ||||
| ORD | Sale | 1,100 | 43.5500 HKD | ||||
| ORD | Sale | 1,859 | 3.5094 GBP | ||||
| ORD | Sale | 3,300 | 3.5248 GBP | ||||
| ORD | Sale | 3,300 | 44.0000 HKD | ||||
| ORD | Sale | 5,562 | 3.5192 GBP | ||||
| ORD | Sale | 5,580 | 3.5251 GBP | ||||
| ORD | Sale | 7,314 | 3.5191 GBP | ||||
| ORD | Sale | 9,491 | 3.5255 GBP | ||||
| ORD | Sale | 11,675 | 3.4900 GBP | ||||
| ORD | Sale | 16,924 | 3.5062 GBP | ||||
| ORD | Sale | 19,422 | 3.4863 GBP | ||||
| ORD | Sale | 21,288 | 3.5181 GBP | ||||
| ORD | Sale | 25,583 | 3.5188 GBP | ||||
| ORD | Sale | 29,303 | 3.5208 GBP | ||||
| ORD | Sale | 33,779 | 3.5084 GBP | ||||
| ORD | Sale | 36,400 | 43.5986 HKD | ||||
| ORD | Sale | 76,300 | 3.4585 GBP | ||||
| ORD | Sale | 78,606 | 3.5204 GBP | ||||
| ORD | Sale | 112,349 | 3.5145 GBP | ||||
| ORD | Sale | 459,028 | 3.5095 GBP | ||||
| ORD | Sale | 747,857 | 3.5185 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 | 100 | 43.4977 HKD | |||||
| ORD | CFD | Long | 1,000 | 43.4527 HKD | |||||
| ORD | SWAP | Long | 3,300 | 3.5248 GBP | |||||
| ORD | CFD | Long | 5,335 | 3.5052 GBP | |||||
| ORD | SWAP | Long | 10,100 | 3.5204 GBP | |||||
| ORD | CFD | Long | 20,876 | 3.5398 GBP | |||||
| ORD | CFD | Long | 28,778 | 3.5123 GBP | |||||
| ORD | CFD | Long | 30,601 | 3.5219 GBP | |||||
| ORD | CFD | Long | 64,418 | 3.5074 GBP | |||||
| ORD | CFD | Long | 76,300 | 3.4585 GBP | |||||
| ORD | SWAP | Short | 1,800 | 3.5087 GBP | |||||
| ORD | SWAP | Short | 3,100 | 3.5180 GBP | |||||
| ORD | CFD | Short | 3,260 | 3.5316 GBP | |||||
| ORD | CFD | Short | 4,115 | 3.5015 GBP | |||||
| ORD | SWAP | Short | 4,698 | 3.5161 GBP | |||||
| ORD | CFD | Short | 16,592 | 3.5004 GBP | |||||
| ORD | CFD | Short | 202,621 | 3.5090 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: | 19 Oct 2012 | |
| 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 [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 | 3.8500 | European | 13 Nov 2012 | |||||||
| ORD | Put Options | Purchased | 1,000,000 | 3.2000 | American | 20 Oct 2012 | |||||||
| ORD | Call Options | Written | -250,000 | 3.6000 | American | 20 Oct 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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