2nd Apr 2013 11:36
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: | (GS) GOLDMAN SACHS INTERNATIONAL |
(b) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offeree | GLENCORE INTERNATIONAL PLC |
(c) Name of the party to the offer with which exempt principal trader is connected: | XSTRATA PLC |
(d) Date position held/dealing undertaken: | 28 March 2013 |
(e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer? | YES - disclosed previously for 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:
| USD 0.01 ordinary | |||
Interests | Short positions | |||
Number | % | Number | % | |
(1) Relevant securities owned and/or controlled: | 16,176,573 | 0.22 | 205,986 | 0.00 |
(2) Derivatives (other than options): | 0 | 0.00 | 0 | 0.00 |
(3) Options and agreements to purchase/sell: | 0 | 0.00 | 12,800,000 | 0.18 |
TOTAL: | 16,176,573 | 0.22 | 13,005,986 | 0.18 |
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 security | Purchase/sale
| Number of securities | Price per unit |
USD 0.01 ordinary | Purchase | 300 | 3.5530 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5540 GBP |
USD 0.01 ordinary | Purchase | 600 | 3.5540 GBP |
USD 0.01 ordinary | Purchase | 600 | 3.5540 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5540 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5540 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5540 GBP |
USD 0.01 ordinary | Purchase | 600 | 3.5545 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5545 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5545 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5555 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5555 GBP |
USD 0.01 ordinary | Purchase | 600 | 3.5555 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5555 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5565 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5565 GBP |
USD 0.01 ordinary | Purchase | 485 | 3.5570 GBP |
USD 0.01 ordinary | Purchase | 600 | 3.5570 GBP |
USD 0.01 ordinary | Purchase | 115 | 3.5570 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5575 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5575 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5580 GBP |
USD 0.01 ordinary | Purchase | 110 | 3.5580 GBP |
USD 0.01 ordinary | Purchase | 126 | 3.5580 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5580 GBP |
USD 0.01 ordinary | Purchase | 64 | 3.5580 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5585 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5585 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5585 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5595 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5595 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5595 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5595 GBP |
USD 0.01 ordinary | Purchase | 36,600 | 3.5610 GBP |
USD 0.01 ordinary | Purchase | 36,600 | 3.5610 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5620 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5620 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5640 GBP |
USD 0.01 ordinary | Purchase | 43 | 3.5640 GBP |
USD 0.01 ordinary | Purchase | 457 | 3.5640 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5645 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5645 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5645 GBP |
USD 0.01 ordinary | Purchase | 287 | 3.5650 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5650 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5650 GBP |
USD 0.01 ordinary | Purchase | 13 | 3.5650 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5650 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5655 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5665 GBP |
USD 0.01 ordinary | Purchase | 400 | 3.5670 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5675 GBP |
USD 0.01 ordinary | Purchase | 400 | 3.5675 GBP |
USD 0.01 ordinary | Purchase | 400 | 3.5680 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5680 GBP |
USD 0.01 ordinary | Purchase | 500 | 3.5680 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5685 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5685 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5685 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5690 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5690 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5690 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5690 GBP |
USD 0.01 ordinary | Purchase | 100 | 3.5690 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5695 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5720 GBP |
USD 0.01 ordinary | Purchase | 100 | 3.5725 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5755 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5755 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5800 GBP |
USD 0.01 ordinary | Purchase | 300 | 3.5810 GBP |
USD 0.01 ordinary | Purchase | 40,811 | 3.5831 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5845 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5845 GBP |
USD 0.01 ordinary | Purchase | 186 | 3.5845 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5855 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5860 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5875 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5880 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5885 GBP |
USD 0.01 ordinary | Purchase | 200 | 3.5895 GBP |
USD 0.01 ordinary | Purchase | 100 | 3.5910 GBP |
USD 0.01 ordinary | Purchase | 100 | 3.5915 GBP |
USD 0.01 ordinary | Purchase | 69 | 3.5920 GBP |
USD 0.01 ordinary | Purchase | 31 | 3.5920 GBP |
USD 0.01 ordinary | Purchase | 100 | 3.5950 GBP |
USD 0.01 ordinary | Purchase | 100 | 3.6060 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5535 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5545 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5545 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5545 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5545 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5545 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5545 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5560 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5560 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5560 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5560 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5560 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5560 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5560 GBP |
USD 0.01 ordinary | Sale | 50,678 | 3.5562 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5590 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5590 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5590 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5590 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5590 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5590 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5595 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5595 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5595 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5600 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5600 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5600 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5600 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 20 | 3.5605 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5610 GBP |
USD 0.01 ordinary | Sale | 600 | 3.5610 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5610 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5610 GBP |
USD 0.01 ordinary | Sale | 47 | 3.5615 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5615 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5615 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5615 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5620 GBP |
USD 0.01 ordinary | Sale | 188 | 3.5620 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5620 GBP |
USD 0.01 ordinary | Sale | 286 | 3.5620 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5620 GBP |
USD 0.01 ordinary | Sale | 114 | 3.5620 GBP |
USD 0.01 ordinary | Sale | 12 | 3.5620 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5625 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5625 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5625 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5630 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5630 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5630 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5635 GBP |
USD 0.01 ordinary | Sale | 300 | 3.5640 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5640 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5640 GBP |
USD 0.01 ordinary | Sale | 500 | 3.5640 GBP |
USD 0.01 ordinary | Sale | 200 | 3.5640 GBP |
USD 0.01 ordinary | Sale | 400 | 3.5645 GBP |
USD 0.01 ordinary | Sale | 28,611 | 3.5936 GBP |
USD 0.01 ordinary | Sale | 100 | 3.5995 GBP |
USD 0.01 ordinary | Sale | 100 | 3.6000 GBP |
USD 0.01 ordinary | Sale | 100 | 3.6000 GBP |
USD 0.01 ordinary | Sale | 100 | 3.6005 GBP |
Class of relevant security | Purchases/sales | Total number of securities |
USD 0.01 ordinary | Purchases | 141,097 |
USD 0.01 ordinary | Sales | 102,356 |
(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 |
USD 0.01 ordinary | Call Option | Purchasing | 400,000 | 3.9700 GBP | EUROPEAN | 16/04/2013 | 0.0020 GBP |
(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: | 02 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 INTERNATIONAL |
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 | Call Option | Selling | 800,000 | 4.0000 GBP | EUROPEAN | 17/05/2013 |
USD 0.01 ordinary | Call Option | Selling | 1,200,000 | 4.0000 GBP | EUROPEAN | 17/05/2013 |
USD 0.01 ordinary | Call Option | Selling | 500,000 | 4.0000 GBP | EUROPEAN | 17/05/2013 |
USD 0.01 ordinary | Call Option | Selling | 800,000 | 4.0000 GBP | EUROPEAN | 17/05/2013 |
USD 0.01 ordinary | Call Option | Selling | 800,000 | 4.1500 GBP | EUROPEAN | 21/06/2013 |
USD 0.01 ordinary | Call Option | Selling | 1,200,000 | 4.1500 GBP | EUROPEAN | 21/06/2013 |
USD 0.01 ordinary | Call Option | Selling | 300,000 | 4.1500 GBP | EUROPEAN | 21/06/2013 |
USD 0.01 ordinary | Call Option | Selling | 800,000 | 4.1500 GBP | EUROPEAN | 21/06/2013 |
USD 0.01 ordinary | Call Option | Selling | 800,000 | 3.9500 GBP | EUROPEAN | 06/06/2013 |
USD 0.01 ordinary | Call Option | Selling | 800,000 | 3.9500 GBP | EUROPEAN | 06/06/2013 |
USD 0.01 ordinary | Call Option | Selling | 400,000 | 3.9500 GBP | EUROPEAN | 06/06/2013 |
USD 0.01 ordinary | Call Option | Selling | 1,200,000 | 3.9500 GBP | EUROPEAN | 06/06/2013 |
USD 0.01 ordinary | Call Option | Selling | 800,000 | 4.0500 GBP | EUROPEAN | 29/05/2013 |
USD 0.01 ordinary | Call Option | Selling | 800,000 | 4.0500 GBP | EUROPEAN | 29/05/2013 |
USD 0.01 ordinary | Call Option | Selling | 1,200,000 | 4.0500 GBP | EUROPEAN | 29/05/2013 |
USD 0.01 ordinary | Call Option | Selling | 400,000 | 4.0500 GBP | EUROPEAN | 29/05/2013 |
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